The United States of America's federal debt is getting worse and worse. And, President Obama is not helping this process.
He says we must spend, spend, spend to get out of the recession. He also says our economy is recovering in our "jobless recovery."
As I have posted before, our deficit has ballooned. How are we going to get out of this? If we don't, what is going to happen? Well, look toward Greece, and soon to be Portugal, Spain and Ireland.
IN THE NEWS:
(London) Telegraph: US faces same problems as Greece, says Bank of England
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