US was bankrupt in 1895. JP Morgan set up a bailout. https://www.businessinsider.com/morgan-1895-crisis-and-1862-gold-loophole-2013-1 https://www.businessinsid

US was bankrupt in 1895. JP Morgan set up a bailout. https://www.businessinsider.com/morgan-1895-crisis-and-1862-gold-loophole-2013-1 https://www.businessinsider.com/morgan-1895-crisis-and-1862-... Now that dollar is fiat, there would be no reason for US to go bankrupt. New unbacked dollars can be issued.