What does it mean when the power steering makes a noise? When power steering makes a high-pitched noise, either the power steering fluid is low or the power steering pump is bad. It is usually difficult to turn the wheel of a car when there is a power steering problem.
Even so, Bush ran up the biggest increase in the national debt of any American president. The Debt was 5.727-trillion dollars on his first day in the White House. And on the day he left, it was 10.626-trillion dollars.
Donald Trump says he can make a deal on America's debt. Last week, he implied that he could negotiate with America's creditors to get them to accept a lower rate of repayment, such as 85 cents for every dollar. It sounds shrewd, until you think about who would get hurt under this scenario. Who exactly owns the $19 trillion-plus of U.S. debt? There's been a lot of attention in recent years over China rising to become one of the largest holders of U.S. debt. China's share of the debt is sizable -- about 7% -- but it's hardly the largest holder of U.S. government bonds.