U.S. economic woes weaken world stability

The U.S. budget is up against a tough situation. There will be less money flowing for nation-building and foreign aid. To illustrate: in order for places like Egypt and Libya to reach the post revolution dream--or fantasy depending on your views--they will need lots of money.

The U.S. has a significant amount of nation-building to do at home. The senior leadership thinks that most problems instead of some problems can be solved by big government.

What is left of the U.S. economy is being hurt in-part by business-unfriendly regulation. I am not talking about the kind of regulation that states a business must pay its taxes so much as the other kind.

Small business is critical to the economy. It always has been. It is now an even more critical element to growing the economy since senior political leadership has let large business off-shore everything that isn't nailed down. We voted for these people and let special interest run riot.

The idea that consumers must spend more as a strategy to grow the economy is pretty unworkable with the current economic outlook. Who knew?

Unless these problems are addressed, the U.S. will not get out of debt in a reasonable amount of time.

U.S. debt is not just a national security crisis; it is a world security crisis. Free speech is unlikely to follow in the wake of Chinese communist expansion or extremist geo-politics in the Middle East.

We have ourselves to blame for not maintaining a healthy economy. Maybe if we are lucky, we can get out of all of this without a world war.