Is the USA Bankrupt?

Sorry to burst your bubble, but the deficit is now over $9,000,000,000,000.00. Just the interest every year is over $400 billion. We can pay it off with lower taxes, if are willing to decrease spending even more

I'm not holding my breath..

No, bankrupt would mean we are in default (unable to pay our debts) and it's clear that we are paying out debts (T-Bills, T-Notes, T-Bonds, etc).

As far as lower tax rates go, when people have more money to spend (like the rebates we are about to receive), they spend more, meaning other people make more money, which they pay taxes on. The net result is actually higher tax receipts, but the Liberals don't like that "rich" people don't have as much of their income confiscated by the government, so they downplay this effect (except right now, with the rebates that they are supporting because they know it might stop the recession).

To answer this question is easy. You look back to a few years ago, then put Hillary Clinton back in office with her very own presidential power. Bill Clinton had the nation in a great state after he left the oval office. If you remember, Hillary has already been in office, just not officially. Yet. She willl take care of the national deficit. It was high when bill went into office. Wait, I am a Republican. why would I want hillary to run. Because she is a great woman and has already been there.lol

The American deficit does not mean Bankruptcy, the country is spending more on War/armaments which tendency it should curb. American people should also have to change their way of life- there are a host of things they can do/reinvent - take a fresh look at joint families, stop wastage of petroleum,paper, chemicals (detergents)......, things will be fine.

They are robbing from Peter to pay Paul, so to speak. They'll get it back in a tax hike in the future. The immediate concern is that we need to hold off the inevitable recession.

Actually the US isn't bad off, as compared to a percentage of GDP (the only rational ranking), the US ranks 31st. Better than Canada, worse than Austria.

Just morally, ethically, and financially, other than that no not at all.

No not yet anyways.