The US is going bankrupt

During the past few months, taxpayers received a rebate check totaling $150 billion, the US Government has assumed responsibility for nearly all of the mortgage debts in the US, and socialized Fannie Mae, Freddie Mac and AIG. All of this on the back of $10 trillion in existing national debt and projected $500 billion deficits.  We also can't wait to pick more international fights, causing even more expenses and debt. In short, we are witnessing spending and borrowing at the speed of light. Why does this matter? Why should anyone care? Because all of this debt requires taxpayers to pay interest on the debt, causes inflation and devalues our currency. More importantly, it requires more borrowing for all government programs, most of which simply do not work anyway. I apologize in advance to future generations of Americans. The reason I created this blog is a journey of redemption by helping current and future generations understand how we are headed to financial armageddon. I welcome interesting financial facts, political observations and personal venting needed to wake America up before it's too late.