Debt ticking time bomb.

As of July 12, the Treasury had redeemed/repaid approximately $5,848,194,000,000. 

How is that possible considering the annual tax revenue is roughly $2,500,000,000,000? 

Ans: An additional $6,477,293,000,000 was borrowed/printed from the public/world/Fed. Net increase in publicly circulated debt has increased by $629,099,000,000 so far this year.

Ponzi Scheme! Bernie Maddoff would have been proud of this achievement. They should have made him secretary of the treasury instead of throwing him behind bars.