Medicare goes cash flow negative in 2008... Social Security goes cash flow negative in 2012 (just in time for the Boomers).
We have gone from the world's largest creditor nation to the world's largest debtor nation in less than a generation.
The Federal Reserve prints money at its convenience, and the currency is linked to nothing (therefore it is a promissory note secured by the full faith, etc., that means us).
Government continues to grow and continues to drain the resources of the private sector.
The one year "surplus" has in reality become a huge multi-year deficit (don't care why, folks, that's just the truth).
There are in excess of 12 trillion in unfunded future entitlements out there.
And now we're going to throw up to 200 billion (and when did those figures ever come in low) at a middle east war.
Now suppose that one of the unintended consequences of that war (and there are ALWAYS unintended consequences) is that oil goes to ... mmmm... $60 a barrel.
Yep, the economy is sure in good shape.