Unemployment in Spain is 19.9 percent.
Unemployment in Greece is 23.3 percent.
And when you look at youth unemployment the numbers are far worse.
The unemployment rate for workers under the age of 25 is 48.1 percent in Greece and 49.9 percent in Spain…
The eurozone is a powder keg that could explode at any time.
So why is the U.S. economy doing so much better than the European economy right now?
Well, a big reason is because we haven’t seen any austerity in the United States yet.
Barack Obama is funding our false prosperity by borrowing 150 million dollars an hour from our children and our grandchildren.
Of course all of this reckless borrowing is going to make the eventual collapse of our financial system far worse, but right now Americans don’t seem to care. The only thing the mainstream media seems to care about is that some of our economic numbers are getting slightly better.
The sad thing is that our government is spending a lot of this money on some of the most stupid things that you could possibly imagine.
Did you know that the Obama administration just spent $750,000 on a brand new soccer field for detainees held at Guantanamo Bay?
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