Debt Tsunami Begins: US To Sell $1 Trillion In Debt This Quarter, 2nd Highest In History, As Budget Deficit Explodes

After nearly reaching $0 during the latest season of the debt ceiling tragicomedy, which saw Republicans fold – as they always do – like cheap lawn chairs, assuring that the US is now on a path to fiscal self destruction…

… and $1 trillion in annual interest payments…