Sallow
The Big Bad Wolf.
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Yep, fiscally we've passed the tipping point. It's going to manifest in a generally lower standard of living across the board. The question now is how far the decline will be. People don't see what a $16T debt does to our economy, and far worse, they don't understand the damage higher interest rates are going to cause.
If it means going from a 60" big screen and two nice cars to a 42" big screen and two medium-nice cars, that's one thing, hopefully that will be the extent. We'll see!
There's one thing on which we can be certain: The deck hands will be pointing the finger at each other as the boat sinks.
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Really?
You think the zero interest rates that Bush put in place is realistic?
Personally I think we need to get back to what Clinton enacted and was ABANDONED by the Bush administration. That spending match revenue. If you don't got it..you can't spend it.
Very simple concept.