$1 Trillion for First Time

Many of you have probably seen the #1 headline on Fox News today, but for those that haven't, here it is;
Federal Budget Deficit Tops $1 Trillion for the First Time

The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There's also concern about trying to reverse the deficit -- by reducing government spending or raising taxes -- in the midst of a harsh recession.

The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.

Read full article here; http://www.foxnews.com/politics/2009/07/13/federal-budget-deficit-tops-trillion-time/

So I ask again....where exactly is the tipping point? At what point are we simply unable to turn the tide around? Then what happens?

Thank you Jesus that you have been here for all of time and know EXACTLY what will happen and that you will always care for the people who love you.