While it is easy to be clouded by all the problems US facing it is good to take note that economies go through problems and they tend to work it out one of these days.
In the 1990s the Scandinavian countries were in the same position and their economies now are in a much better position.
While deleveraging is likely to slow down the US, do note that many US companies are globalized and they are likely to still hum along. Eventually the situation may get much higher.
As investor we should not always be embroiled in all doom and gloom.
Here is a good article at TBP that discusses this
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