| TheRealMafoo said: Get used to this. To simplify things, for the last 10 years we have, as a nation, been living above our means. This means for a period, we have to live below our means until we pay off the debt. Once that's done, we then will, hopefully, live within our means, which is below where we were 3 years ago. So I don't expect it to be like it was 3 years ago until our means get us there, so 30 years or so. |
I agree. This recession has been a long time coming. Most of this decade has been spent avoiding it at all costs through rock-bottom interest rates, deficit spending, and a housing bubble. The time has come to pay the piper, and trying desperately to return to prosperity immediately would probably just kick the problem down the road and lead to another huge collapse.
The US government has done its job and prevented a catastophic loss of confidence in the financial sector, it's time to back off and let the recession simmer while everybody adjusts to a few economic realities.
Of course, nobody wants to take their medicine, so we can expect the US gov and the Fed to cave to voter and interest group pressure and keep desperately trying to kick start growth and set things up for another bust in the next 5-10 years. :P
"The worst part about these reviews is they are [subjective]--and their scores often depend on how drunk you got the media at a Street Fighter event." — Mona Hamilton, Capcom Senior VP of Marketing
*Image indefinitely borrowed from BrainBoxLtd without his consent.
