gov bankruptcy

Can the Government of the United States to avoid full bankruptcy, and what is the solution?

"If the U.S. goes bankrupt?" by Laurence J. Kotlikoff http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf # search = 'Web% 20the% 20States%%% 20GO 20united 20bankrupt' is a recent article published in issue, the Federal Reserve Bank of St. Louis Review, July / August 2006. The author concludes that the countries go bankrupt can, and that the United States was to avert bankruptcy, with its foreign trade policy, but it's only a matter of time. He suggests that the radical reform U.S. financial institutions policy is essential to secure national economic future. I want to find out what you think is the best way for the United States. Consider how social, political and economic foreign policy in this tie. Like, for example, you weigh this issue with our continued social, security and Problems in the world and the possible loss of sovereignty (Security and Prosperity Partnership of North America / http://spp.gov)? What is the comprehensive solution?

As long as Congress can keep raising the debt ceiling (ie, increase the credit limit), the U.S. can keep borrowing from other countries. The fact that it is never repay all the loans, irrelevant. No other country has (except maybe China), the political power to try on the partitioning U.S. debt, so the U.S. can always just keep maxing out its federal credit cards.

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