What goes on?

You have no money in the bank—but you DO have a checking account. And so you decide that you want to give yourself spending money in the amount of $25 a day.
With this in mind, you begin by writing a check to yourself and then you go to a local bank and cash the check. That's your first $25. You spend the money as you wish.
The next day, you go to another bank and write a check for $50—$25 for spending and then $25 to send back to your bank to cover yesterday's check.
Then the next day, it's $75. $25 to you, $50 back to your bank to cover your previous check. And on and on—every single day.
As long as you keep covering the previous day's check, you can go on indefinitely like this. Without ever having worked for the money—without a single dollar in your account!
Of course, the dangerous problem is that the numbers will quickly inflate—and soon you'll need to write checks worth thousands of dollars each day just to cover your tracks ($6,200 by the end of the first year).
And it will start to become physically impossible to make that many trips to the banks.
Which means that you will eventually be forced to stop... your original bad check will be exposed—and all checks written thereafter exposed, too.
And Now the U.S. Economy Is In the SAME Situation...
Forced to Account for Trillions of "Bad Check" Dollars!
Every day new banks are going under, financial institutions are failing, hedge funds are collapsing, bail outs are needed on a regular basis.
And ultimately, it's all because of bad money.
You see, the government is funded in one of two ways: They tax the people or they issue (sell) debt (T-bonds).
Federal Reserve Notes are the currency of the realm. United States
T-bonds "secure" Federal Reserve Notes.
T-bonds are paid for with Federal Reserve Notes.

So, what goes on here? Is it possible the country is led by "Bad Check Artists"?