By Antony Davies and James Harrigan, includes " ... Myth: The government owes $20 trillion. ... Myth: The government owes $120 trillion. ... Myth: The money the government borrowed from the Social Security trust fund isn't really debt because the government owes that money to itself. ... Myth: The government can't go bankrupt. ... Myth: The government can solve its financial problems by raising taxes. ... Myth: The federal government could pay its obligations by selling the gold in Fort Knox. ..."
Read the full article on: US News & World Report