An analysis by Forbes: " FACT: The U.S. government is bankrupt! Yes, bankrupt. Skeptical? Ok, Iâll provide some facts and you decide. The government has an âofficialâ debt of $15.8 trillion and mounting. But wait, thereâs more. This doesnât include the liability from Social Security and Medicare. When you factor these in, the amount according to some, exceeds $120 trillion. With U.S. Federal tax revenue of just over $2.3 trillion, that puts our debt-to-income ratio somewhere around 5,082%. Now let me ask you. If you, as an individual, entered your local bank and asked for a loan with a similar debt-to-income ratio, what do you think the loan officer would say? Would they give you the loan? " http://www.forbes.com/sites/mikepatton/2012/07/23/is-america-bankrupt/
If I had my very own printing press at home... sure! Remember, default will never actually happen because the U.S. gov't doesn't owe money... it owes <b>dollars</b>.
If I made $100 bills on my computer and everyone in the world accepted them as payment, knowing how I made them, do you think I could ever be bankrupt?