Comment Re:Surprising (Score 5, Insightful) 552
Forget the Wall Street Journal. This needs to resonant with the Dicks and Janes that walk main street USA. The US is racking up record deficits and debts, a huge chunk of which is borrowed from foreigners. It's economy is still reliant on important strategic resources like oil. There is only so long it can go on doing this. At some point, the US must produce goods and services for the global marketplace that are competitive enough to generate the tax base to not only stem future deficits, but also pay down some of the accrued debt. When I put what this article has to say together with some of the more recent studies on US literacy and numeracy, the picture is pretty scary. There is some life to the US economy right now, but what happens when all the stimulus money dries up, and foreign investors realize that US T-Bills, savings bonds, and even US currency potentially isn't worth the paper it is written on? The financial turmoil of the last 12 months is going to look like a cakewalk then.