A Hoodbhoy

U.S. Government Debt/Deficit: A Disaster in the Making?

In a few weeks we will all be "issued" a National Credit Card by our government with essentially no obligations to pay any of the funds back. The government will borrow the funds with an obligation to pay them back to the Chinese, Japanese, and the Arabs. However they will "loan" all of us those funds with no concrete plan to get the funds back from us.
Is the US Government Debt/Deficit a disaster in the making? From my perspective, there is no doubt that it is a major fiasco in the making.