Search Problems and Solutions

Problem & Solution Category: Taxes

"America is being transformed from an industrial colossus to a tired, down-at-the-heels, post-industrial society."

Americans have been so busy worrying rying about all their problems that very few noticed that the U.S. is going bankrupt. Ironically, it is those very problems that are driving the nation into bankruptcy. A partial list would include crime, drugs, poverty, a failing education system, a crumbling infrastructure, soaring health care costs, lagging productivity, a huge national debt, a large trade deficit, and an anemic rate of economic growth.

Solution
AFF Editor's Desk | November 8, 2010 - 5:17pm

CAMBRIDGE – The United States’ import bill now exceeds $2.4 trillion a year, more than twice that of China and greater than that of the 27 European Union countries combined. Since the volume of US imports varies with the overall strength of the American economy, so does the volume of other countries’ exports.

So it was good news for everyone when the US economy began expanding in the summer of 2009, 19 months after falling into the recession that officially started in December 2007. Unfortunately, the recovery has turned out...