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Insanity abounds! An old suggestion has resurfaced that was originally made during the debt ceiling crisis in 2011. Cullen Roche, writing for the Pragmatic Capitalist, shared a suggestion sent to him by one of his readers, and the unusual idea had made it all the way to the desks of Yale law professors and court economists. Now the suggestion has resurfaced, this time from Brad Plumer, writing for the Washington Post. To solve the economic crisis all they have to do is issue two shiny new platinum coins worth … wait for it … $1 trillion dollars each!

At least someone in America isn't feeling a credit squeeze: Uncle Sam. This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion. In this economy, everyone de-leverages except government.

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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.

President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.

It is a mistake to throw democrats out of office within 20 months because they have not gotten out of the $3 trillion dollar hole that the republicans put the country in over the last 8 years, Clinton said.

Our government has gotten us accustom to budgets and spending in trillions. I’ve seen graphics that try to show dollar bills (FRaud Notes) stacked like sky scrapers, impressive but lacking. I ran across a piece of information about javascript code which counts time in milliseconds based from 1970. Seconds of time are nice little units we’re pretty familiar with, one Mississippi, two Mississippi …. So, I was born back in 1958; how many trillion seconds have passed since I was born?

President Obama on Wednesday advocated increasing federal tax breaks for automobiles that run on electricity or natural gas, plus spending $1 billion to finance recharging stations for electric vehicles in 15 cities, plus $650 million to make electric cars more appealing to consumers. Maybe he forgot that his own budget projects that the federal debt (now at $15 trillion) will increase to $25 trillion in the next decade.