The recent job report showed that the private sector created 67,000 jobs, and this is being touted as evidence of economic recovery. In reality, it is evidence of worsening fundamentals, because the jobs that were created are of the wrong type. Despite the net increase in jobs, we lost 27,000 manufacturing jobs. What this means is that the government is taking money from the goods-producing companies on whom our survival depends and delivering it to sectors that promote consumption such as real estate and retail. As our debt increases, we are getting into more and deeper trouble with our foreign creditors, and the destruction of manufacturing means that we will be unable to pay them back. When they realize that US debt is worthless, they will dump the dollar and unleash unltold economic havoc on the US.