Wiseacre
Retired USAF Chief
...Everything's fine. Ignore the fact that our credit rating is on shaky grounds. There is no problem...
That's crazy and I'd thought of asking where it came from, but my guess is you just made it up to have something easy to refute.
In the mean time, let's look at the word "bankrupt." Usually the word means "adjudged insolvent by a court with property being transferred to a trustee and administered for the benefit of creditors " OK, everyone likes to bellyache about the state of the Union, but is anyone seriously saying this is what's happening?
I think Avatar is talking about the recent report from Standard and Poors, who warned that the US credit rating might be lowered if we don't find a way to deal with our rising debt.