The federal budget deficit is projected to soar to a record $482 billion in 2009. With that in mind, I reprint a recent speech by Dallas Federal Reserve Bank president Richard W. Fisher on the subject of the US debt crisis. Let me warn you, this is not for the faint of heart. It is one of the most chilling forecasts I have read in a long time. You need to read it. The question is, why is no one talking about this problem or taking any steps to head it off? I offer some comments at the end....