I just read an article about USA current situation, it is shocking and unable to beleive it.
Now in USA, each person is in debt for $46,000.00 due to huge national debt.
The "American Dream" is shattering and the "Core competence" is not existing.
Please refer the following article:
http://www.nytimes.com/2011/02/19/opinion/19blow.html?_r=1&src=me&ref=homepage
February 18, 2011
Empire at the End of Decadence
By CHARLES M. BLOW
It’s time for us to stop lying to ourselves about this country.
America is great in many ways, but on a whole host of measures — some of which are shown in the accompanying chart — we have become the laggards of the industrialized world. Not only are we not No. 1 — “U.S.A.! U.S.A.!” — we are among the worst of the worst.
Yet this reality and the urgency that it ushers in is too hard for many Americans to digest. They would prefer to continue to bathe in platitudes about America’s greatness, to view our eroding empire through the gauzy vapors of past grandeur.
Republicans have even submitted a draconian budget that would make deep cuts into the tiny vein that is nonsecurity discretionary spending, cuts that would prove devastating to the poor and working class.
At the very time that many Americans — and the very country itself — are struggling to emerge from a very deep hole, the Republican proposal would simply throw the dirt in on top of us.
This cannot be. Financing for education and social services isn’t simply about handouts to the hardscrabble, it is about building an infrastructure that can produce healthy, engaged and well-educated citizens who can compete in an increasingly cutthroat global economy.
One of President Obama’s new catchphrases is “win the future,” but we can’t win the future by ceding the present and romanticizing the past.
Here's a look at how the United States compares with other advanced economies............
