Likewise, an honest accounting of the financial statements of the US Government's financial statements, with realistic accounting for the present value of liabilities for future payouts for Medicare and other entitlements would reveal the impossibility of the government ever coming close to the ability to pay them.
But, the truth is unwelcome and won't be faced until "pretend and extend" fails completely and utterly. Which WILL happen. The only unknown is how long that will take.
PS to earlier post: In addition, the massive, many-trillions of $ in derivatives exposure that the biggest banks have, most of which are tied to interest rates and have unimaginable exposure to counter party risk in ever-more-likely black swan scenarios, have the very real potential to destroy the already Zombie banks entirely. Tick, tick, tick....