The+Recession

In 2008, the United States began one of the biggest recessions it has ever had. This began with the crash of the housing market, making selling a house extremely difficult. Things such as auto industries were hit the hardest. In 2008 and 2009 auto sale plummeted. This led to many auto companies such as GM to need to receive bailouts from the government, which is where the government gives a company a very large sum of money in order for the company to continue doing business and not go bankrupt. Along with many companies receiving bailouts, many people lost their jobs because companies either went out of business or had to lay people off in order to keep their company up and running. Currently the unemployment rate is 9.6% nationwide and it was at it's peak at 10.6% back in January. Currently finding jobs for people is extremely difficult as companies, the economy, and the national debt all seem to be getting worse. This brings the question, do you think the United States will eventually go bankrupt.