Wednesday, October 29, 2008

America: Still number one


United States is suffering the worst financial crisis since the great depression. Will United States lose its world financial superpower?

Nearly 1 million Americans have lost their jobs since the start of the year and a deep recession now seems unavoidable.
Plus, the government is borrowing ever more money as it attempts to stem the crisis, adding to a mushrooming national debt. Meanwhile, baby boomers are retiring, drawing huge amounts of money from Medicare and Social Security and threatening to bankrupt the federal government.
With mounting debt and fewer jobs, many American's feel their country's best days are behind it.
"America is no longer an economic superpower - it is following the path of the Romans and the British". "This country has no real future and no real leadership."

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