The US government is $39+ trillion in debt.  It is currently adding $1 trillion to its tally every five months.

And through the magic of compound interest?  The debt accumulation will only continue to accelerate.

Because Lord knows the government ain’t paying any of it back.

Because Lord knows the government increases its annual deficits – over the previous annual deficits – every time it writes a budget.

When DC is this fundamentally unserious?  Things for the US get really serious – really fast.

The only thing at this point DC can do?  Is postpone the inevitable.  By any means necessary.

It’s Bernie Madoff time.  At $7+ trillion per year. (more…)