"It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own. All the power it has is what society gives it, plus what it confiscates from time to time on one pretext or another; there is no other source from which State power can be drawn. Therefore every assumption of State power, whether by gift or seizure, leaves society with so much less power; there is never, nor can there be, any strengthening of State power without a corresponding and roughly equivalent depletion of social power". Albert J. Nock
They cannot go bankrupt, because they can pay the debts via the money printing press. Unfortunately, they will soon make our money worthless. Then, perhaps the people can take back the power that the democrats and republicans have stolen and return to a constitutional government.