As The Fiscal Doomsday Machine Powers On---Impeach The Congress, Too!

By David Stockman

On December 16 the gross Federal debt breached a new level to $23.1 trillion, while the net debt after $401 billion of cash weighed in at $22.71 trillion. The latter monstrous figure is notable because on June 30, 2019 it stood at $21.76 trillion.

So what has happened in the last 167 days is a $948 billion increase in the Uncle Sam's net debt, which amounts to a gain of $5.7 billion per day---including, as we like to say, weekends, holidays and snow days.

Worse still, not...