 Debt
If you consider government debt, federal, state, county, and city each of us - every US citizen - owes about 1/2 million $$$. That's not including personal debt. The feds have even spent the Social Security funds leaving a bunch of IOU's. Not only are we broke - we have amassed a debt beyond our ability to ever pay it back. Our smoking printing presses can barely keep up with the cash flow of interest rate payments.
The only way for the big three to become competitive is for the fed's to assume the costs of labor's retirement and medical benefit programs
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