Take a great nation with a fabulous work ethic and inventive people. Turn its $236 billion budget surplus into an estimated $482 billion deficit, and nearly double the national debt to $10 trillion. In the meantime, fuel economic growth with a consumer-led borrowing binge that makes America beholden to China. And in the course of encouraging a housing bubble, undermine any regulations that would temper speculation and protect the vulnerable. Here you have it, the United States of America in t ...

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