This article does a nice job of articulating the tenuous and unsustainable nature of our current economic situation.
http://online.wsj.com/article/SB1000...867182108.html
"Now it is certainly true that many states have not typically been home to traditional manufacturing operations. Iowa and Nebraska are farm states, for example. But in those states, there are at least five times more government workers than farmers. West Virginia is the mining capital of the world, yet it has at least three times more government workers than miners. New York is the financial capital of the world—at least for now. That sector employs roughly 670,000 New Yorkers. That's less than half of the state's 1.48 million government employees. "
"Most reasonable steps to restrain public-sector employment costs are smothered by the unions. Study after study has shown that states and cities could shave 20% to 40% off the cost of many services—fire fighting, public transportation, garbage collection, administrative functions, even prison operations—through competitive contracting to private providers. But unions have blocked many of those efforts. Public employees maintain that they are underpaid relative to equally qualified private-sector workers, yet they are deathly afraid of competitive bidding for government services."
What money our government does have, we seem intent on giving it away or flushing it down a hole:
http://www.bloomberg.com/news/2011-0...rs-secret.html
Then in the face of a down economy, we decide to restrict our own ability to grow jobs in the oil industry by lift the moratorium on off-shore drilling and accessing new domestic supplies, but we give away billions to Brazil to fund their off-shore oil exploration business.
http://online.wsj.com/article/SB1000...120524166.html
Why are we doing this? Because Brazil oil is "greener"?
http://www.familysecuritymatters.org...pub_detail.asp
Have we lost our minds, lost our way, or some combination of both?