Wow! We’ll soon cross Sixteen Trillion Dollars in Federal Debt! S-i-x-t-e-e-n T-r-i-l-l-i-o-n D-o-l-l-a-r-s. That’s a lot of vote buying even for Washington. Is this ruin? Have we indentured our children into servitude? Solomon warned borrowers will be slaves to their lenders. Add $120 plus trillion in unfunded forthcoming liabilities and, well, we’re doomed.

The national debt is currently 13.7 trillion dollars (you can round up to 14 if you ignore that piddling little GDP of Denmark). The American people could work together, movie-montage style, collecting every single physical dollar and cent in existence and they'd still have to go to Vegas*, hit the roulette tables, lay it all on black and win. Four times in a row. That's how you know you're doomed - most people crushed by debt imagine cleaning up at the casino OR having all the money in the world. When you need both, you're buggered.