If US was a company , it will be bankrupt long time ago.

How to Prosper During the Coming Bad Years In the 21st Century

While we are unable to express an opinion on the U.S. government's consolidated financial statements, the following key items deserve emphasis inorder to put the information contained in the financial statements and the Management's Discussion and Analysis section of the 2006 Financial Report of the United States Government into context.

Despite improvement in both the fiscal year 2006 reported net operating cost and the cash-based budget deficit, the U.S. government's total reported liabilities, net social insurance commitments, and other fiscal exposures continue to grow andnow totalapproximately $50 trillion, representing approximately four times the Nation's total output (GDP) in fiscal year 2006, up from about $20 trillion, or two times GDP in fiscal year 2000.

As this long-term fiscal imbalance continues to grow, the retirement of the"baby boom" generation is closer to becoming a reality with the first wave of boomers eligible for early retirement under Social Security in 2008.