Economy on the brink of complete collapse; This is beyond serious, it's rapidly reaching critical mass.
As of right now, I have absolutely no idea (and niether does Washington--or most ANY economist) how our economy can survive much longer. We have spent, increased debt, and just damn wasted our way to financial oblivion.
After re-reading the linked article;I will say this much;
I DO NOT support all of this article's conclusions;
I DO NOT support a value added tax of any kind on US produced goods.
I don't think a VAT on foreign-produced goods would do much to bring "outsourced" jobs back to the US.
I DO NOT support ending ALL our wars immediately.
I DO support getting out of Iraq ASAP (and kicking hell out of the Taliban & Al Qaeda)
I think this author is spot on with his reasons behind our present economic condition, but shaky on his list of possible solutions.
Personally, I think we're out of solutions.