U.S. and E.U. Economies in Bizarro World

The two have taken vastly different economic approaches to their problems, and neither has been satisfactory.

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Still, says Rehman, the U.S. is in much better shape than the E.U., though the ultimate solution for the U.S. economy is much more easily said than done. "The U.S. just basically has to get on the ball about making a long-term strategic plan and doing debt management accordingly," she says.

Danielle Kurtzleben is a business and economics reporter for U.S. News & World Report. Connect with her on Twitter at @titonka or via e-mail at dkurtzleben@usnews.com.