Not many people willing to state the grim facts of our nation's health. We are on a pretty steep decline. We had 8 years of Bush with an economy built on artificially low interest rates set by the fed that BURST in 2008. Now,,,we have a continuation of the artificially LOW interest rate set by the fed with the addition of QE1 and QE2 to exacerbate the problem. If they raise the interest rates one point, that increase the debt by $100 BILLION dollars per year.
We are Greece waiting in the on-deck circle. |