Very often, I am asked to sum up for politics-minded colleagues just what I think is so terribly wrong with the American economy. It's always difficult to encapsulate all of America's fiscal problems in a few sentences -- everything from devastating crime to rising poverty levels, from inflated real estate values to bank bailouts, comes into play. Barrels of ink have been spilled on this topic, and barrels more will follow them.

In short, it's almost impossible to sum up what's wrong with America's economy while standing on one leg.

Unless your name is Mr. EBT. EBT, for those who are too ignorant to know how their tax dollars are spent, stands for Electronic Benefit Transfer. Essentially, state governments distribute welfare payments via a credit card (EBT). Most major food outlets take EBT as a form of cash. States cannot charge sales tax on any items bought with an EBT.  Click here to read more.