Now that “healthcare reform” is dead (according to Barnie Frank anyway) bankruptcy of USA got so much closer. One aspect of this “healthcare reform” everybody overlooked is the giant influx of new taxes collected and without expenses of “reform” coming about three years later. It was expected to save broke Federal Government for at least a little while longer. Obama did say that without that “reform” Federal Government will go bankrupt, he was not kidding. Last year Federal Government collected about 2 trillions in taxes but spent 4 trillions in the same period. This fiscal year they will need about 6 trillions to make it through the year. About 2 trillions of short-term treasuries must be rolled over and with what? That is in addition to roughly 2 trillions deficit projected and tax receipts falling off the cliff. Can somebody tell me how this country is going to make it through this year? I would like to be an optimist as much as anybody else but numbers just do not add up! Fed can’t just say “Oh. Lookie here, we found another four trillions under the couch!” Maybe Bernanke and Geitner, the two biggest financial magicians of all times will manage to pull the rabbit out of the hat and get US through this year. This is going to be one whale size rabbit and it will have to appear out of thimble size hat.