America’s Ten Economic Crises


After nearly 4 years—and more than $3 trillion in tax cuts and spending by Obama and Congress and $9 trillion in free money given to the banks by the Federal Reserve—the U.S. economy has still not been able to generate a sustained economic recovery. And with $2.2 trillion in sequestered government spending reduction scheduled to hit the economy beginning January 2013, the prospect of a double dip recession in the U.S. is increasing.