The United States of America is bankrupt. Don’t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there’s no tomorrowWho will bailout Uncle Sam? The answer is right now, my children, grandchildren and great grandchildren--your too.
Not exactly the way it should be done, but when you consider the me generation that is running our govnerment, it is not all that surprising.