Bank of England: U.S. may face same problems as Greece

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

NY Times: Don't expect your job back

The New York Times is now telling its readers that many of the jobs that have gone by the wayside will not be returning.

So we have to deal with unemployment at 10 percent or more, just like Europe.

We just have to get over it. I guess the Obama policies are working in this "jobless recovery."

IN THE NEWS:
NYT: In a Job Market Shift, Some Workers Are Left Behind