The US Government last week reached the $14.3 trillion debt level it is constitutionally allowed. President G.W. Bush added 4.3 trillion dollars to the national debt during his 8 years in office. In his first 3 years President Barack Obama has added 4 trillion dollars alone. According to projections by the year 2046 every single penny of tax revenue in the States will be spent on interest payments alone to the national debt. That leaves not one dollar left to pay for anything else.