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Originally Posted by 1stLand
Even 566.7 Billion is too large (Canada).
The system is definately broken.
If it wasnt for our oil and gas reserves, we would have a pretty bleak future as a country.
That video was spot on. Western Nations have lost their ability to produce and manufacture goods competitively.
Materialism and consumerism is out of control. The amount of entitlement American and Canadian citizen's have is worrisome.
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Yeah, i agree. We did have a huge-ass $60 billion deficit in 2009, compared to a 2.25 billion in 2008, and 2007 we had a $14 billion surplus. Its huge, but its not totally unreachable, considering the US had a 1.4 TRILLION deficit in 2009 ( a greater than 10% rise in debt over only 1 year). We havn't needed to inject extremely exorbitant amounts of money into our economy to keep it sustainable, but most certainly the US does. The US also has more global resposibilities, but that is most certainly their fault, and their fault alone.