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JUL 26, 2013 - Zero Hedge

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US Government Will Go Bankrupt

Follow ZeroHedge in Real-Time on FinancialJuice This fall, the US government might go the very same way as Detroit and end up filing for chapter-11 help. In other words, it will end up asking itself to bail itself out. Now, isn’t that a neat little trick, a piece of magic we would all like to be able to do? Bailing myself out? Heck, I’d do it even if I weren’t in debt. Wouldn’t you? So, is it possible for the US to go bankrupt? Countries go bankrupt every day around the world, legally declared financially insolvent, totally depleted and destitute. Ruined! A ... Read More

Tags: US Government Will Go Bankrupt,  Small Business Administration Latest News