Is adsense counted as outbound links?

Yes adsance is not countented as a outbound links try this tool http://www.seochat.com/seo-tools/site-link-analyzer/
it will give you all information about outbound and inbound links I hope it will help you.

SE ignores javascript, what there is infinite loop ?

Sign up with Google Webmaster Tools (google.com/webmasters/) and you'll get all the details as to exactly which pages Google finds linking to you and finds you linking to.

I ran a backlink checker and it said I had 40+ outbound links from my sites, I know I only have <5 on all the sites. Do search engines count adsense as outbound links now? I thought it was ignored bc its jscript.

Adsense is not considered as OBLs... It is just like a widget (javascripts)....

Adsense account is not counted as a outbound links
and it is just a services

If you are using google adsense then it would not be considered as outbound links. But if you have any other adsense program then just check if it has direct links or it uses Javascript. If its Javascript it will not be considered as outbound. yes if its has direct links then it would be considered as outbound links.

can you post your link let us check out :)

I would but I cant post links in this forum

Check out the site reviews forum ... you can ask for a site review about anything from web design to whether you think the site has good usability or you can request an seo evaluation.