Does $65.5 trillion terrify anyone yet?

From World Net Daily. To watch the lawmaker's spend and spend..... You wonder what are they thinking? Or do they just react, use any crisis to further the faith,to push the liberal agenda. May God protect his church.

Federal obligations exceed world GDP
By Jerome R. Corsi© 2009 WorldNetDaily

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world....

The difference between the $455 billion "official" budget deficit numbers and the $5.1 trillion budget deficit cited by "2008 Financial Report of the United States Government" is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur. ....