Kenny McDonald, one of the key people at Columbus 2020/The Columbus Region -- the economic development organization charged with advocating on behalf of Central Ohio business business opportunities -- has penned a brilliant essay regarding the financial health of the United States.
It comes on the heels of the news that Standard & Poors has downgraded the prized credit status of the United States. While there are many problems facing the American economy, and this author believes that spending cuts have GOT to occur before a discussion of tax increases even gets underway, we are not in as near a dire situation as that facing many nations. Greece, Italy, Ireland and Portugal are not just in trouble -- they are teetering on the brink.
Anyway, Kenny has written a dynamite piece that should serve as a reminder that all is not dismal.