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The quagmires in Afghanistan and Iraq, Guantánamo Bay, Abu Ghraib, the collapse of Lehman Brothers, massive indebtedness, among other developments, have greatly undermined U.S. power and prestige.
Lowering the benefits bill by taking money away from people who are already on very low incomes risks resulting in destitution for those who cannot find work that pays enough for them to live – and massive indebtedness for those who feel forced to borrow just to get by and to cope with the crises and changes that everyone faces in daily life.
To address their massive indebtedness and abysmal employment figures, they should file a patent suit against Great Britain for copyright infringement.
This particular recession is more serious than most because of the collapse of housing prices, the financial crisis and the massive indebtedness of families and many businesses.
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Massive public indebtedness occurred as a result of the government's bailout of its banks, yet businesses remain afflicted by a severe credit crunch.
But you might also wonder, for example, where is the commitment to work as a team to reduce the massive and unsustainable indebtedness in much of the world - since there is recognition that this indebtedness is probably the big weight on global growth, but when countries try to tackle it alone they often slide into recession (hello again to Japan).
But a further five have seen massive increments in their indebtedness: the debts of China have risen by 83 percentage points, Portugal's by 100 percentage points, Greece's by 103 percentage points, Singapore's by 129 percentage points and Ireland's by 172 percentage points.
One consequence of this trend is the recent massive increase in student indebtedness to the tune of more than $1 trillion in student loan debt.
More and more people are pushed to the margins of impoverishment and indebtedness to make way for such massive growth centered development projects.
Such indebtedness is unsustainable.
Consumer indebtedness was soaring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com