No one questions that Goldman Sachs — the bankers everyone loves to hate — knows its math. So when Goldman issued a warning this morning about runaway federal debt entering “uncharted territory,” we should all take time to listen, even if we hate ‘em.  

Doesn’t matter if you’re a Republican or Democrat, federal debt is going to eat our children alive. If the U.S. government were honest and appraised itself like private companies do, we’d know that every American household now owes about $670,000 in debt. That’s their share of this growing mess. Check again tomorrow; the number will be higher.

Anyone here think running up unpayable bills on our childrens’ credit cards is a good idea? Anyone?

And yet it continues. God help us.