IMF predicts America's Fall from Number One

There are many reasons for this but in my view the primary causes are the fools in Washington DC who spent us into the toilet using borrowed money to do so and who then had their puppet at the Federal Reserve print gazillions of Dollars into existence thereby assuring its debasement.

The combination assures us that the next two generations will be saddled with a debt burden, not of their own making, which will never be repaid in its original form.

I might also add the role of a large portion of the citizenry who seem to think that they are entitled to the fruits of the labors of others and who continue to vote for the very same type of politicians who are ensuring our decline.

Then again, you can also thank those who made it so difficult to own and operate a business here in the US between excessive regulation and overbearing bureaucrats that entrepreneurs threw up their hands in disgust and just moved their operations overseas.

April 25, 2011, 8:57 a.m. EDT

IMF bombshell: Age of America nears end

Commentary: China’s economy will surpass the U.S. in 2016

You can read the entire story here ( it will undoubtedly deeply grieve you if you love this nation) :

http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news