Remember how alarmed we were toward the end of 2008, when we realized that Congress for the first time in history was going to run a deficit of a trillion dollars?  Congress had never run a deficit even half that size, and some speculated that the deficit for fiscal 2009 could even approach $2T.  Luckily, our first trillion-dollar deficit came in at only $1.4T.  But now that the feds have run four back-to-back deficits of more than $1T, Americans seem to have become inured -- a trillion bucks? no big deal; we'll just "print" it. During the Democratic National Convention, America hit another milestone on her express train to economic ruin -- the total national debt passed the $16T mark.  There was little talk about debt and deficits during the Democrats' convention.  At $16T, the national debt is larger than the gross domestic product.  But the "official" national debt, that $16T, is not the figure that folks should worry about.  What folks should be...(Read Full Article)