Tech_Esq
Sic Semper Tyrannis!
This problem simply leaves us with an even weaker economy thatn we had.
The next shock to the system will be even harder to deal with.
What will that next shock be?
Take your pick, it could come in mnay forms, natural disaster, another war we cannot afford, some brewing economic diaster in one of our trade partners, anothe dramtic spike in energy prices, are just a few possible things that could knock us over again.
Until we solve the problem of Americans who cannot find suitable work that pays a living wage, the root source of this problem (we're getting poorer as nation!) will continue to plague us.
If we started today, I submit to you all it would take at least a generation or two for us to climb out of the hole we've dug for ourselves,
And since I see NOBODY who is willing to tell Americans the hard facts about WHY Americans aren't making it, (they keep blaming the OTHER PARTY) I do not think we're really going to fix this problem.
Yep, that pretty much sums it up. I don't think it will really take a generation though, if things turn around. An expanding economy can make short work of even these sized contractions. But, if we continue to expand our commitments in the entitlement area like Social Security, Medicare, Medicaid and maybe add health care, we'll never make it out no matter how much we expand the economy.
The only way out of that would be to start a war and send only old and sick people to fight it.