America

Submitted by Michael Snyder via The Economic Collapse blog,

Back in March, the former Fed chairman said that we're in trouble because "productivity is dead in the water, and real capital investment is way below average because business people are very uncertain about the future." Greenspan went on to add that entitlement programs are crowding out capital investment, and thus crowding out productivity."

Alan Greenspan is back delivering more warnings about the state of the global economy, hammering home the same key points made back in March.

David Brooks is worried about our lack of zeal for national greatness:

I’d say that in America today some of the little loves are fraying, and big love is almost a foreign language. Almost nobody speaks about the American project in the same ardent tones that were once routine.

Here’s an absolutely extraordinary letter from a reader:

We have it on highest authority: the recent killing of Taliban leader Mullah Akhtar Muhammad Mansour by a U.S. drone strike in Pakistan marks “an important milestone.” So the president of the United States has declared, with that claim duly echoed and implicitly endorsed by media commentary—the New York Times reporting, for example, that Mansour’s death leaves the Taliban leadership “shocked” and “shaken.”

But a question remains: A milestone toward what exactly?