Madness, sheer madness - WashPost "U.S. Federal Deficit Soars Past Previous Estimates": "Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today."

What does the future hold for America? As I've argued (repeatably) we already can't afford the projected expansion in entitlement spending, but nobody has the political will to make necessary reforms. Now we're facing systemic $1 trillion deficits for the next decade, at least.

What does the future hold? An America where our sovereignty is handed over to the banks and foreign lenders who will now make the policy decisions because our government was unable to. The Chinese government is going to dictate terms for us the same as a bankruptcy judge. Man, I give up.

Related - Maggie's Farm: "Government run by fools."