April 26th is the earliest that Debt Day has ever fallen. Essentially, what it means is that about halfway through the fiscal year, Washington has run out of money to pay for its spending spree.Promises, promises.
In Fiscal Year 2008, for example, Debt Day fell on August 5th. In fact, in every fiscal year since September 11th, Debt Day has fallen at least 3 months later than it falls this year.
Oh, and by the way... "Happy Debt Day!"