Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days! Unsustainable!
Those of you receiving government checks every month, MUST prepare to lose those monthly funds. The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. This amount of debt is unsustainable. The government does not have enough funds to pay the interest, never mind pay down the debt.