This is not funny,but "Sugar, we're going down". From the economy to unemployment; America and by extension the WORLD is not sitting too pretty. Add that to the fact, that 60% of Americans polled said they believe the country is heading for a recession.
I'm not sure where the Treasury gets its money from, but at some point it will run out of money. Third world countries have no low income sources, a lack of liquidity and many have taken on tremendous debt in order to modernize.
Sounds like America to me!
- We owe China upwards of $500 billion
- The national debt is xx trillion and the deficit is x trillion
- The number of Americans unable to pay their utility bills has increased considerably
- People are stealing copper plumbing pipes from foreclosed homes
- The government has nationalized the housing industry through Fannie Mae and Freddie Mac
- The Treasury has pledged at least $1 trillion between the financial institutions' collapse --> but the global situation is worsening
- Mayor Bloomberg is making a play at dictatorship in NYC by appealing to financial fears by overturning term-limits, which he supported
These are just a few reasons, but reason enough to make us shudder when we look ahead at the next few years.
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