American's are complacent about our impending bankruptcy? You are reading the people wrong. The problem is that too many writers have all the answers but none of the solutions. When have you heard someone detail the fixes to the economy that make sense. Never. It is a sound-bite world and the fixes will be traumatic so the people don't know what to do. What we have done is try to trust our officials and look where that's gotten us! As far as taxing our way out of this as some suggest, you are delusional! Believe it or not, so is Paul Krugman.