The clock is ticking: The current $14.294 trillion cap on the debt will need to be raised by early August at the latest.

Do any of you find any fiscal comfort in the following?:

The Treasury Department has 261.5 million ounces of gold in its reserves, easily the biggest stockpile on earth. With gold selling at about $1,515 an ounce, that means Uncle Sam is sitting on $396 billion worth of the shiny stuff.

I find it beyong pathetic that the value of the gold that used to back our currency is worth such a small fraction of our government's legal borrowing limit. What a nightmare and the great majority of Americans have no idea....