I once made a comment to a colleague of mine that things could not get worse. He replied, "oh yes, they can." In that instance he was right. So have a bit of fun and skip ahead four years. It is now November 2016.
The unemployment rate in the country towards the end of 2016 hovers around 16.6 percent. The United States has undergone two major recessions. Interest rates for short-term obligations of the United States are 19 per cent; inflation is about 1.5 percent per month. The credit agencies have down graded the sovereign debt 5 times in the last 4 years. The national debt has passed $24 trillion dollars; the deficit is projected to be an additional 2-½ trillion dollars in fiscal year 2017.