by Michael Snyder, The Economic Collapse Blog:

You can call everyone for dinner, because our goose is cooked.  We are so deep in debt that the only way we can keep the entire system from collapsing is to keep borrowing even more money.  Perhaps you have been through a similar scenario with your own personal finances.  When you simply do not have enough money to pay your bills, borrowing more money can seem like a really easy short-term solution.  Unfortunately, the U.S. government has been doing this for decades, and now our national debt spiral has reached a terminal stage.  Even if we gathered up all of the money that exists in every bank account in America, we could not pay off the national debt.  The debt level is exploding upwards at an exponential rate, and the only way that the federal government can continue to pay the bills is to keep borrowing and spending colossal mountains of money that we must borrow from someone else.