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Is United States going bankrupt? “Yes”, say experts

Due to ballooning budget deficits and several other key factors, the United States is heading for bankruptcy. The statement is being made by experts of the country’s central bank.

These experts say that on many aspects an areas, the United States is already bankrupt.

An article in the Telegraph, has quoted Prof Kotlikoff say that, “To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors.”

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