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The American economy is in trouble, according to a recent opinion piece. The author argues that the government has been engaging in bad financial practices, such as underfunding retirement plans and manipulating interest rates, leading to a house of cards built on leveraged debt. The author warns that the apparent "financial wealth" in America is phony and that the whole system could fall apart if people tried to withdraw their alleged wealth. The article also criticizes the plans proposed by both Donald Trump and President Joe Biden, calling them imprudent and likely to worsen the situation.
