Greece is burning economically. Italy is on the verge of economic
collapse. Spain, Portugal, Ireland and most of Europe are cascading
towards Economic Catastrophe, dragging the rest of the world along. The
United States is in no better economic shape, and may catapult from the
Great Depression of 2007 to the Great Depression of the 21st Century, if we do not change economic course quickly.
With the failure of the Budget Deficit and National Debt reduction
Super-Committee to come to a consensus on November 23, 2011, the US
Congress has its work cut out for the December 23, 2011 deadline, to
avert the automatic trigger of $1.2 Trillion across the board spending
cuts. If this happens, the present fragile American Economy will
collapse and we'll all pay a very heavy price. This is a self-inflicted
wound by the United States Congress on the United States Congress and
Americans as a whole. A totally avoidable senselessness.
While Fiscal Conservatives are bent on reining in spending, Keynesians
are focused on deficit spending to stimulate the economy. Click here to read the rest of the story
