Trillion-dollar deficits – Former Comptroller General David Walker speaks: "We need to realize that the same factors that led to the subprime crisis - too much debt, too little attention to cash flow, ineffective risk management, and waiting to do something until the crisis hits the door - those same factors exist for the federal government’s fiscal situation, with one big difference: No one is going to bail out America."

For more background, check out the Peter G. Peterson Foundation where you can find out how much you owe the government to cover all of its unfunded liabilities. Get to work because, as of today, you owe $184,000.