The US Economy - How Do YOU Think It's Doing? By CAP

http://www.americanprogress.org/issues/domestic/economy

American families are feeling the pressure of a tightening economy from all sides. They are burdened with massive amounts of debt that have become harder to handle due to accelerated house price drops and the stagflationary nature of the downturn. Jobs are going away, wages are flat, and benefits are disappearing, while prices are skyrocketing everywhere.

Just like a balloon squeezed from all sides, family finances are increasingly being burst. And the overall economic outlook doesn't help. Massive trade deficits pose a drain on our national resources, slowing innovation means that we are generating less of what we need, and long-term budget deficits due to tax cuts for the rich are preventing the government from addressing the economic needs of America's families.

THE CENTER FOR AMERICAN PROGRESS
www.americanprogress.org

Category:

News & Politics

Tags:

• economy
• debt
• money
• foreclosure
• mortgage
• subprime
• market
• stimulus
• bush
• progressive
• commentary
• analysis
• documenta

[wakim117]

fake and gay

[FloppyDisKKK]

lol

[diggersstory]

Government has a poor system budgeting and needs to reward departments that use what they need keeping their budgets low rather than rewarding those that spend their budget to only gain an increased budget for the next fiscal year. It's absolute insanity to think we can keep this up. What do you think? How could this be changed on a national level? Who could make it happen?

[angryflower1]

lol.

[khayelitshaparty]

I love living in Third World countries! The US is going in the right direction.