$5 trillion a year

That's just the current rate the Treasury is issuing debt:

Update--Teetering on the edge of economic collapse

The government is trying to keep the struggling economy propped up with massive borrowing, which is clearly not sustainable.

If the medium/long duration scenario still holds, we are about to enter the Ramp-Up phase:

MEDIUM/LONG-DURATION SCENARIO:
Slow climb:    (already happening)
Ramp up:       Sep 2009
Crazy:         Jun 2010
Dollar Nuked:  Sep 2010
Recovery:      Sep 2010 - Mar 2012

Inflation Is Good

The key here is that the Fed is monetizing the debt in an indirect way, so as to not appear to be monetizing the debt.

The Fed knows this dragon will get out of control, otherwise they would not try to hide what they are doing.