America Should Declare Bankruptcy?

Here's a very interesting article on how truly in indebted our nation is. Here are some quotes: "It's the money that America owes above and beyond the official $16 trillion in national debt that is the real issue. With unfunded liabilities such as Social Security and Medicare, the federal government’s actual liabilities are in excess of $86.8 trillion, or 550% of GDP."  "This debt will be defaulted on, it’s simply a question of how.”

America Should Declare Bankruptcy: Doug Casey | Daily Ticker - Yahoo! Finance