The two things that are right now in the process of bankrupting this country:
Public employee pensions (six figure pensions? COMEON, PEOPLE!!)
Interest on the debt
We are indeed in deep trouble.
Anyone have the number on when the interest on the debt will exceed all other revenues?
Years ago the warnings went out that the middle class would be killed. Much of it now has been. The middle class either by choice or with no other choice is walking from there debts.
It was the middle class that propped up this corruption. Now the corrupt are trying to bank as much as they can to try and survive the crash they have created.