Is it true that total spending is now in excess of the national GDP? If that's the case, it's a really frightening situation, given that the majority of treasury debt is now owned by "The Fed." While they're not exactly "the US government," that's still pretty much the same as writing a check to yourself and depositing it into your checking account... Mark
If all the wealth of the top 1% were confiscated, it would fund the government for a little over a week, eight days or so if I remember correctly.