The federal government is drowning in debt. Currently, it's over $34 trillion in hock. The interest alone on that debt is at $1 trillion annually is the largest single line item on the official expenditure sheet.--There's no way around it: The whole regime of borrowing to fund the functioning of the government, then borrowing to pay off existing debt, is a gargantuan Ponzi scheme. It cannot and will not end well.
