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And, the US GDP is like $2T/year.



Um, US GDP is actually about $14T per year. It's our annual fiscal deficit that approaches $2T per year (more, if the $233B deficit that Obama ran up for February 2011 is the run rate for the year).

In other words, almost 14.3% of the entire economy is comprised of the hot checks the Federal Government kites each year. Returning the United States to its real level of economic activity (where the Federal government isn't splashing around fake dollars) will probably entail an immediate 20-30% drop in everyone's standard of living.

They -- our politicians -- have well and truly fucked all of us. Sure, one can argue that George Bush contributed to our problems, but his accumulated increase in the Federal debt over eight years was $2.5T, while Obama ran up more than that in his first two years. (And I suspect he might be able to top that just in one year, if reelected.)