Do you really think this can continue?

From CNS News:

March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue

"To help pay off its $1.0528 trillion in monthly bills on only $128.179 in monthly tax revenue, the Treasury turned primarily to new borrowing. During the month, according to the Treasury statement, the government sold $786.5 billion in new securities. It also drew down its cash balance from $190.6 billion at the beginning of the month to $118.1 billion at the end of the month. It also reaped $18 billion from the sale of assets in the Troubled Asset Relief Program."

Here's what Erskine Bowles, Bill Clinton's chief of staff had to say about it:




It's time to brace yourselves, people. This is going to get very bad.