Over the last couple years there have been a lot of talk about the fiscal cliff, the debt ceiling, bank bailouts and how the economy continues to recover and now has turned the corner. If you were a bank, there is no need to File Bankruptcy. The government will bail you out and you will come back bigger and stronger than ever before. The problem is, middle America is nowhere close to being their own financial institution and are not on the receiving end of any government bailouts. Recently, the number of Americans filing for bankruptcy has declined and the media uses this for a platform to prove the economy has turned the corner. There is only one mistake with that theory, the US GDP for the last quarter was negative.1%. To me, this sounds like things are getting worse and not getting better. In 2012 alone, the United States trade deficit is expected to come in between $500 billion and $600 billion. Businesses are leaving the country by droves and if they don’t leave they’re filing bankruptcy and shutting the doors.We have now entered the twilight zone as close to one in every six Americans is now receiving food stamps. Consumer confidence is now at all time lows and recently hit the lowest it’s been in over a year. The government keeps talking about all the jobs created, but the last week of January first-time unemployment claims rose to 368,000. Some economists are predicting this number will surpass 400,000 in the near future showing stress fractures in the economy. While people are still trying to avoid a bankruptcy filing at all costs, the federal government slapped a payroll tax hike on every working American costing the average worker $100 a month. Since the last election, companies are continuously announcing future layoffs making the American worker more pessimistic than ever. Recently, a Gallup poll showed 65% of all Americans believe 2013 will be a year of economic difficulty and 50% think that the best days of the United States are now in the past. Just because the media says it over and over again doesn’t make it true.The debt ratios of American are continuing to rise as banks are continuing to lend to people but can’t really afford it. In essence, they are creating a payday loan affect where people borrow on future income to pay bills in the past. At some point in time with all the interest in fees, the loan sharks will get everything and the people will have nothing left to survive on. The only option for these folks is to file bankruptcy to stop these creditors. When the big banks failed a few years ago, the government stepped in to help their friends out at our expense. Many of them are in trouble again and the government once again is allowing the Fed to fire up the printing presses to help their friends through quantitative easing. While most people don’t understand the impact this monetary policy will have on Main Street. Just as the Weimar Republic and Zimbabwe, in a matter of time the US will start feeling the effects of quantitative easing from hyperinflation. The money gets so watered down, prices nationwide will go through the roof and the only option for struggling Americans will be to file bankruptcy. If wages don’t follow suit, many people will lose their homes to foreclosure just so they can put food on their table. One thing is for sure is that people should not count on the government for anything.