Today's Deficit Will Lead to Tomorrow's Contraction

While few in Washington appear to care, it should come as no surprise that the federal national debt is out of control. And while the Bureau of Labor Statistics has reported a consistent trend of employment growth, we still have a long way to go to recoup the economic losses of March and April. Unfortunately, in the long run, federal stimulus efforts that have resulted in spending levels not seen since the end of World War II will inhibit further rapid economic recovery. Many may not realize it, but the debt and the economy are intertwined. Read Full Article »