The United States: A Current View of the Internal Situation
The internal situation in the United States doesn’t present a very optimistic picture, mainly because of the economic problems that the country is experiencing, despite the Obama administration’s attempts to portray this aspect in the most favorable way possible.
In these moments, the U.S. debt — including that of the government, businesses and individuals — has climbed to $59.4 billion, according to the Federal Reserve Bank of Saint Louis. This means that the country could enter a period of recession, just as it did in 2008.
Wars and wasteful spending have caused the situation in which the country now finds itself. Forty years ago, the U.S. debt was around $2.2 billion, meaning it has now reached 27 times the amount it once was. The economist Michael Snyder, in a recent article in InfoWars, emphasized that the United States lives in the largest bubble of debt in recorded history and that it’s impossible for their situation to have a happy ending.
The more debt the United States accumulates, the greater the part of the country’s future revenue that will be used to pay the debt and its interest, which in turn will reduce the amount of money that could be spent on economic development.
http://watchingamerica.com/News/241332/the-united-states-a-current-view-of-the-internal-situation/
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