just like millions of americans, our nation has fallen deeply into debt as the u.s. keeps spending more money than that takes in. countries like japan and china are picking up the tab. how vulnerable are we to foreign pressures as the debt soars? our addiction is to credit because we are spending far more money than we have. we agonized for three decades about dependence on foreign oil but last year 68% of our borrowing came from abroad so now we have the dependence or foreign credit. we have gone from the end of world war ii where we had no foreign debt to now, where 50% of the debt held by the public is held by foreign debtors. china became the biggest creditor last year and japan is
jamie: there is surprising economic news that came out this week from the labor department. they are reporting the unemployment rate dropped from 10% to 9.7 in january. despite employers cutting another 20,000 jobs. the jobless rate declined because economists revived last year s numbers and also lots of people are dropping out of the job hunt and off the unemployment rolls and don t get counted if they are not looking. which means there are nearly 15 million americans without jobs now and that is enough, let me put it in perspective, enough people to fill the stadium where the super bowl is being held, 200 times. and are we any closer to a better jobs situation? brenda buttner, fox news senior business correspondent and anchor of bulls and bears. good morning. good morning. jamie: they say there is hope but not cause for celebration. is that accurate? what does it mean to you if you are home, looking for a job. reporter: this is one of those times when nerdy numbers people lik
sarah palin on fox news sunday this weekend on your local fox station. super bowl sunday brings americans together like no other sporting event. what what we do without it? we may find out. fox reports on the real possibility supposedly of an nfl lockout. that s coming up. g of pills compared to aleve. choose aleve and you could start taking fewer pills. just 2 aleve have the strength. to relieve arthritis pain all day.
control systems out of the government and set it up as a separate corporation and supported by the industry so can make long term planning projection and get a budget and bonds and we re the only country that has not done that and our technology is well behind. coming up next, president obama slamming vegas again. telling americans not to blow their cash in sin city. why someone here says he blew it again. we re talking about the president, but not for the reason you think. the forbes flip side. on the other side of a short break. we do more than just answer phones.
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