18 Signs That America Is Rotting Right In Front Of Our Eyes

So can't the states just step up and start spending more money and fix these things?

Well, no. The truth is that the states are absolutely broke. Quite a few of the states are actually on the verge of default, and there is no getting around the fact that budget cuts that are much more severe are going to be required in the years ahead.

So can't the U.S. government step in and bail out the states?

Well, yes, but as we have detailed previously, the U.S. government is literally drowning in a sea of red ink. The U.S. government is already spending an amount of money equivalent to approximately 25.4 percent of GDP this year.

How much more money can the U.S. government possibly spend?

To get an idea of just how bad things are already, the IMF says that in order to fix the U.S. government budget deficit, taxes need to be doubled on every single U.S. citizen.

Are you ready to pay double the taxes?

No matter how you slice it, the U.S. is in a massive amount of financial trouble and the American people are starting to realize this fact. In fact, one new poll found that nearly two-thirds of Americans believe that the U.S. economy will get worse before it gets better.

But unfortunately things are not going to get "better" - at least in the long-term. The decay and the rot that have already set in are only going to get worse.

These problems did not appear overnight and they are not going to be solved overnight. Our leaders have been making very bad decisions for decades, and all of those bad decisions are starting to catch up with us.

But perhaps you disagree. Feel free to tell us what you think in the comments section below....

Michael Snyder
The Economic Collapse