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In a letter to Congress by Geithner,He clearly states the US Government is Bankrupt.

Posted by Scrat on January 13, 2011 at 8:17am

The U.S. government is insolvent.Who says so? Timothy F. Geithner,the U.S. Secretary of the Treasury.Geithner sent a letter to Congress on Jan6,2011 asking for the debt limit to be raised.If it is not raised,he warned,the U.S. will default on its debt.

TheLetter:http://www.treasury.gov/connect/blog/Pages/letter.aspx

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