"We're (the U.S.) out of money"

That was the headline today on The Drudge Report. It is nice to know that our president has finally admitted that our country no longer has the funds to sustain us. The tax revenue from payrolls has fallen sharply and many states are facing huge budget shortfalls; much like many businesses around the country. The only problem is, is that when a business knows it doesn't have enough money to pays it's bills it reduces expenses. There might be people who are let go, benefits are taken away, but the business still survives. On the other hand we have governments who like to continue to spend when they are out of money. They believe that they can simply tax the populace and get out of the jam. There is no more money though. Finally, it has been admitted. And even with that admitance, federal spending will continue to increase until finally the tipping point has been reached.

The question is this then, "Where is the tipping point?"