November 4th is Deficit Day — the day when the U.S. government no longer has the funds to pay for all of its expenses and starts living on borrowed funds — yet agin. The federal debt had the third largest increase in history in the last fiscal year bringing total debt close to $20 trillion (by comparison, debt was $10 trillion in 2009). Imagine if the average American household operated in this manner, spending all of the year’s income a full two months before the year ends –– year after year after year. Truly an urgent problem.

More on the subject here: http://bit.ly/2eYRqAV