The Democrat Club of Longboat Key talked federal budget on March 13 at the Longboat Key Club and Resortâ€™s Harborside Dining Room. Retired Professor Emeritus of Economics and Dean of the University of Wisconsin Ayse Somersan spoke about the question: Is the U.S. going bankrupt. Her answer was, â€œNo, but could we? Yes, if we act foolish.â€ She suggested that all you have to look at is the interest rate at which the treasure borrows. People are willing to lend to the U.S. at 2% interest rate, and as long as the treasuryâ€™s paper is a valued asset, that we are in good shape â€“ until the interest rate rises and a vicious cycle starts.