The United States is the largest debtor nation in the world history, and the 2008 economic crisis is only the first series of crisis. The next economic crisis in late 2012 – 2013 will be bigger and deeper.
The politicians have short term memories and will not do what is necessary to fix the balance sheet, they will continue to kick the can down the road and let the next President to worry about it and this goes on for decades. So, if this is the case I really think the United States is screwed…Big Time!
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