Thursday, May 24, 2012

Is the US becoming Japan?

As our country trudges through one of its worst economic downfalls since the Great Depression a CNN article compares the America's current condition to that of Japan, a once strong and wealthy nation. Japan experienced a stock market crash about 20 years ago and since then has suffered from ever increasing debt. Sound familiar? The CNN article written this morning warns about letting debt sit unhandled for too long, the conssequences which Japan has had to endure. The main problem that America is facing right now is the growing polarization of political parties that has led to government gridlock. This has left the leaders of our country at a stalemate unable to decide how to proceed with the ever increasing debt.

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