Current Federal law requires Congress to authorize the government to "borrow any money that is needed to pay for the programs that Congress has passed." As a result the National Debt has exploded like multiple uncontrolled fires. Its current spending path could reach the final Event Horizon at any time. The Treasury has reached the debt limit or debt ceiling again. We can't continue down this path of borrowing money that is not even here yet!
In Short, many Americans are now exposed and concerned that Congress has "stiffed the younger generation" with the bill. In just a little over a decade, the U.S. federal debt will exceed 100 percent of gross domestic product (GDP). Concerns of European Catalysts (PIGS) may trigger a Financial meltdown beyond the control of US unless we act now!