As recession deepens and stimulus plan falters, talk increases of dark future for nation of investors

I'm not a big Larry Kudlow fan, but he brought up an incredible shocking truth I did not know about concerning the financial markets.

The CNBC anchor said the the cost of insurance for 5-year government T-Bills has gone from $6,000 to $66,000.

What does all this mean? There is less confidence in the ability of the U.S. Government to pay off its debts, as in T-Bills issued to represent how much we owe.

And now the government is preparing to issue more than a trillion dollars in new debt that has no guarantee of doing what politicians promise.

Beyond the buyers of our debt, the American people are increasingly not confident that Congress will do the right thing.

Kudlow is speaking of some scary stuff while still trying to convince people that the stock market will rebound by mid-year. It won't, at least through 2010. But the T-Bill trend is scary for this nation's future and where Americans can safely put their money.

Stay tuned and aware.