Is the U.S. Really Going Bankrupt?

“I’ve been watching a number of the RepublicanNational Convention speeches and while I like a lot of what I’ve heard I have to say that there seems to be one overarching and rather disturbing trend in the rhetoric.   There is an endless discussion about the USA going bankrupt.  Even worse, there have been endless comparisons to Greece and other European nations.  This is an egregious misunderstanding ofthe way our monetary system works.  I won’t regurgitate all of what I just recently wrote in this piece, but this is really rather simple so I’ll pull a snippet:”

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