Greece is in finacial turmoil. Unfortuantly it mirrors the issues that the U.S just had. For the first time ever the U.S might need to default on a debt. This is becomming a huge issue, the fact that the financial giant of the world is struggling to get back on his feet. If we cannot escape these dire straits what can Greece to expect to do as they bring the entire European Union to its knees.

Although the West is struggling the Far East is doing quite well. China's exports are up almost fifty percent. In a time where most economies are in a downward spiral. China has increased their earning power via exports to almost fifty pecent. This spike in earning power was greatly aided by the governments stimulus spending. I would like the see the U.S be able to increase our exports by 50% via governent spending. Although stimulous spending helped it didnt not seem to have the fantastic effect that Chinnese spending did.

In another related story that shows how dire the U.S debt situation is we have stretched our debt to 221 billion. Gone are the paygo days of the Clinton Administration and now we are in the biggest financial hole that we have ever been in. I would really like to see the U.S make a positive move in this situation. Since we dug ourselves out of the deepest states of recession we have not made anymore positive steps forward. This bring me back to a favorite quote of mine if pro is the opposite of con what is the opposite of progress?