And the political climate is not conducive to dealing with it like S&P noted in its downgrade further adding to the crud.
Last edited by 1Perry; 08-29-11 at 10:03 PM.
The levels of consumer debt, corporate debt, the inflated asset values etc
To suggest the way out of the 2008 economic crisis is to follow the path of the 1982 events shows a true lack of economic understanding
Conservatives believe the government is incompetent, and seek to elect people who will prove it
Ignorance is Bliss Bliss is the same as happiness US Christian conservatives are the happiest in the US according to studies Do you see a connection?
About half of our current debt can be attributed to old Ronnie, through the wonders of compound interest. Debt as a percentage of GDP fell for 30 consecutive years UNTIL Ronnie worked his economics miracle. It didn't fall again until Clinton's second term. Ronnie set in motion the deregulation frenzy that culminated in the recent financial collapse.