Using the "Generally Accepted Accounting Practices", which American corporations are required to use by law, the United States government is $65 trillion in debt which is more money than is spent in the United States over 5 years.
By any accounting the United States government is closer to bankruptcy than CITIBank or the Big 3 automakers.
Both the TARP and the 2009 stimulus package will add a few trillion more to this debt.
