I was reading the posts...various boards, wasn't even going to log in, but this drew me out.
The rules have changed. Since the introduction of the fiat money system, there is no limit to the amount of printed dollars. All nations abused this some more than others. Europe lived lavishly and entitlements aplenty.
Now there is more debt in Europe than there is the combined GDP on the planet. Conventional wisdom tells us that the end game is now at hand. However under new approaches there is no debt too large for Central banks not able to "paper over."
Once the political fallout has taken place this problem will mysteriously disappear as central banks (electronically) print money and buy debt. What the USA has to watch out for are those working to take away your Civil Rights. We almost got destroyed last week until Obama and Rand Paul stepped up to stop them.
The economy is actually quite strong with unemployment claims relatively low and xmas sales through the roof. Home sales are also up.
The negative stuff is left over from last recession and will take time to work out. But take away those unemployed (and refusing median wage jobs) from the last recession, you have a fairly decent economy...don't believe anything else.