Although not there yet, the US Government is heading for bankruptcy.  This is inevitable because the NATIONAL DEBT and the interest payments on the debt are unsustainable.  As the Treasury Secretary speaks and explains why the government needs to keep handing out money to one failed or nearly failed company after another,  it is apparent the government will continue to keep spending money like a drug addict with an overdrawn checking account.  Most now agree that the TARP was a bad idea — letting Paulson run it made it a horrible idea.  There is very little visibility about what is actually happening with the TARP.  Meanwhile, it was disclosed that the FED has lent out $2 TRILLION and will not disclose the borrowers.

America is doomed.