Special to CNN
We spend nearly as much on defense as the rest of the world combined. We spend more on health care than anybody else in the world. And we have a bigger national debt than anybody else in the world.
Some experts are warning that if we keep spending like drunken sailors, we may lose our AAA credit rating, costing taxpayers billions more in higher interest payments.
The press widely reported that Treasury Secretary Tim Geithner went to China partly to convince the Communist government that we will bring our spending habits under control and that their investments are safe with us.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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