If you know anyone who ever wisely "planned" a bankruptcy, what they do first, before filing, is pile on as much debt as possible. I mean, why trash your credit score for 10 years for PEANUTS, right? If you carefully analyze the actions of the good ol US of A, you will see the federal government is on the very same path. Why default on Treasuries as long as chumps are lining up to buy them at 3% 10 year yields, right? They will keep right on playing this game as long as suckers keep buying, THEN the default is inevitable. Just ask yourself how in blazes the debt can EVER be reduced - EVER??? It can't. Period end of story - buy gold (the real stuff, not some silly ETF) and you will sleep very soundly.