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No, I don't think that and if I could make the call I would freeze spending on absolutely everything except defense and energy development through tax incentives to business(drill ANWR, look for low priced ways to develop the vast oil sands we have, hydrogen fuel cell development etc.0 I would further do everything possible to see the accelerated flow of tax receipts is continued whether by any means available (more tax cuts anyone?)

But barring that I stand by what I said. America is not close to going broke any more then is any other nation and we have the added benefit of being in the unique position of being absolutely necessary to the economic viability of the rest of the planet. Remember, this nation is responsible for almost 24% of the GDP of the ENTIRE WORLD.

Have a nice glass of whine, put your feet up and get ready for Brit Hume. It's a great time to be alive.

U.S. Manufacturing: A Brighter Picture Than Is Being Painted.

But U.S. manufacturing output has not been shrinking; it has actually been growing. In 2004 it reached a record high according to a research report by the American Institute for Economic Research this February. It also stated, “on its own, the U.S. manufacturing sector would constitute the seventh-largest economy in the world, nearly matching China’s entire economy”. As far as the future, we’re very optimistic. We’re confident that our customers are transitioning to a healthier mix of high-value-added, innovative manufactured products that will be needed in both domestic and global markets. We plan to be here to service their needs for quality steel warehouse stock for years to come.

About the Author: Tom Brown is president of Cincinnati Steel Products Company, an independent, privately-owned steel processing center serving the Midwest. The company, founded in 1931, is celebrating its 75th year of service to manufacturers