Not even close. And telecomm issues wouldn't be what could put us in to 3rd world status. What could is a massive continually growing deficit and sending jobs overseas faster than we create new ones in the US.
So you are changing your tag? I thought the whole purpose(s) of the Tea Party/Republicrats was to export jobs and spend borrowed money on a bunch of worthless wars and other corporate welfare projects (i.e., increase the trade and federal deficits as fast as possible).