The Three Biggest Lies About The U.S. Economy

The stock market is taking it on the chin today, primarily because of happenings in China and elsewhere. Earlier this year, market havoc was created by debt problems in Greece. Because the economy has become more globalized, it affects the U.S. And it is important to know the truth about of where we really are. That's part of the reason why I say the term "limited government" is redundant. The federal government has done an outstanding job pulling us from an economic abyss into a fragile recovery. There are those who believe it must do more -- a lot more -- or we will fall back into a recession. I don't know if they are right or wrong. What I know is that there is a natural limit to what the federal government can do. If more intervention is necessary, I hope we haven't reached that limit, and I hope political courage in Washington to do what's right is not a thing of the past, not when the economy remains much more fragile than any of us would like.