“The Treasury Department said Tuesday that the federal government has now officially topped $16 trillion in debt,” reports the Washington Times. “The announcement, which came just an hour before Democrats gaveled in their convention in Charlotte, N.C., to renominate President Obama for another four-year term, immediately boosted the government’s grim fiscal picture back to the fore of the national debate. Debt has risen at a meteoric pace under Mr. Obama — in less than four years in office he has already eclipsed President George W. Bush’s eight years.” Meanwhile, a U.S. News & World Report story in August revealed that the federal government is spending some $41,210 every second more than it takes in in revenue. As I write in Implosion, this is absolutely unsustainable. Will anyone stop this madness before it’s too late?