If You Want to Feel Better About the Good Ol’ U S of A – Look No Further Than Italy

Some Highlights:
  • Italy is experiencing its longest recession in more than 40 years.
  • National debt is now about 127% of annual economic output, second only to Greece in the Eurozone.
  • Unemployment is at a record high of 11.5% and at 38% for the under-25s.
  • And they want Berlusconi back (No, really . . .)

“Italy coalition: Thousands rally in Rome against cuts”, BBC World, 5/18/2013

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