If you think the economic problems in the world are only European – then think again! American debt is colossal. Our debt stands at $15.566 Trillion, and is now over 100% of GDP. With such massive debt, you’d think we’d be trying to balance the books? Last year our budget deficit was $1.3 trillion, and this year is projected to fall to $901 billion.

That means, as a nation, we owe more than we are getting in in revenue. Obama’s spending policies for a second term have no plan to create a balanced budget, instead current projections would see national debt hit $20 trillion by 2016. Debt has risen more under Obama than Bush. We have seen how the socialist policies, popular in Europe, are just as popular here. But could we see the same things that are happening in Greece, here in America? Socialism will bankrupt us. You cannot keep promising people free everything on borrowed money.

If America falls it will be Suicide of a Superpower.