The FDIC, on which Americans rely to insure their bank deposits, is, itself, $21-billion overdrawn.
Social Security does not have a trust fund.
Medicare is functionally bankrupt and unsustainable.
Fannie Mae just asked for another $15-billion.
CNN has reported that only 11 of the 50 states are operating in the black.
A Pew Center study identifies 10 states on brink of financial collapse. California leads the list, at least $21-billion under water.
State governments are creating new taxes on business, wealthy, and non-profits, hospitals all to no avail.
Soon there will be a federal government bail-out for states to assist Democrats in mid-term elections.
We are all passengers on a fiscal Titanic, arguing over the placement of deck chairs.
We will be Greece in less than ten years.