Why the United States of America is Broke

Explaining why America is broke is rather simple. All we have to do is look at two separate and distinct problem areas: public unions and defense spending, then generalize the problem.
[link to globaleconomicanalysis.blogspot.com]

comment:

I think we can all agree military spending is a prime-factor in US debt. But how do the unions affect the US housing and banking industry? What do the unions have to do with the state of California goping broke? The answer is evident, the unions have absolutely nothing to do with those financial prblems which preceded the economic crisis.

Unions are synonymous with the middle class.

The middle class who make house payments need well paying jobs that have historically been union. The employment problem falls into two areas: globalization via outsourcing, and illegal immigration that has destroyed what few industry remains and increased demand on social services evident in California's economy.

If we want to say Federal Employee unions and benefits along with other social big government programs, most would agree this is a big problem.