The most frightening element of this ten-year forecast is that an estimated $5.6 trillion of the debt would be interest expense. Yes, that’s right, interest.

Gold bullion futures touched a record high $1,045 in yesterday’s trading session in New York. If you believe in stock indexes breaking through resistance points, this may be just that for bullion.

Economic historian Niall Ferguson and James Fallows discuss the Chinese reaction to U.S. fiscal policy. In short, many in China see U.S. fiscal policy as out of control and the dollar heading for major depreciation.

With a failed dollar we’d have far more church-going citizens eager to stockpile communion crackers. And for the altruistic of the local tribes, the communion crackers might end up back in the offering basket.

It’s hard to have any sympathy for Tim Geithner. The man was president of the New York Federal Reserve Bank and director of the Policy Development and Review Department for the International Monetary Fund. Learn how to do your taxes and work TurboTax or better yet, you’re not 22 anymore with no assets or responsibility; get an accountant.