Don't worry about it. The Chinese will stop lending us money to finance our runaway spending long before the national debt ever reaches that point. In fact, they've already begun reducing their holdings of U.S. debt instruments. When the Fed doesn't find enough buyers for our debt in the bi-weekly auctions, the next step is for the Fed to print more money and buy the debt itself. We've already begun to do that!

From an article in the online WorldNet Daily...

"...Having the Fed buy federal debt involves a process economists typically call 'monetizing the debt,' The way it works is the Federal Reserve prints money then used to purchase U.S. debt. That's a process most Americans would understand as using the MasterCard to pay the Visa bill....Out of nearly $2.1 trillion of net issuance by the Treasury Department, and federal agencies since June 2008, the Federal Reserve has accounted for nearly 40 percent of the total purchases, buying more than every foreign government combined...In the process of buying federal debt, the amount of U.S. debt owned by the Federal Reserve has gone from under $1 trillion in 2008 to approximately $2.3 trillion today."

We'll begin to see the effect of printing more money and the resultant even weaker dollar in an increased rate of inflation. It'll be slow at first, and then build to eye-popping inflation rates. Remember back in the late 70's...the upper teens CD rates and mortgage rates?

Get ready! When the U.S. finally gets boxed between inflation spiraling to unaffordable levels and fewer buyers of our debt, all the negotiations over what spending to cut and when will be over. Spending will have to come to a screeching halt and that will cause life-changing and immediate results for all of us. If you thought the demonstrations in Madison, WI were bad, project that into all the big cities across the U.S. It's going to happen.

Blame it on about two decades of irresponsible fiscal governance by Congresses more beholden to special interests than to either the public or common sense!