If you missed today's Glenn Beck Show, you need to catch the replay. What an astoundingly good job he's done in detailing the repercussions of continuing down the path we're on.
Here are a couple other things that some people may not realize…
Outside of what Obama has done and is trying to do, the minimum wage may be the single biggest factor in lengthening and worsening the (currently) Lesser Depression. It severely limits what businesses are able to do in terms of price reductions and still remain in the black.
Not to mention that a lot of people would probably work for less today if they had the opportunity.
And the 'wonderfully" low interest rates are actually a wealth transfer - a way for the government to not only stealthily tax the rich, but to tax anyone who saves. Your savings are now earning 70% less (or more!) than they were two years ago. That means the government is paying less to finance the debt and you're a big subsidizer to that cause.