When does the debt apocalypse happen? When taxpayers quit paying. Remember when 15 trillion was a lot of money?
Stolen from ZeroHedge:
Too sad for commentary, but here is some math: total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president.