Quote:
Originally Posted by JavaBlack
We'll get over the hump and then it's smooth sailing.
Maybe it will mean something we don't like (either we pay more taxes or boomers take lower benefits)... but we'll get through it.
The country's economy is resilient enough to make it through "crises". Don't want to undermine that there are real concerns, but there's nothing debilitating on the horizon barring some huge catastrophic worldwide event.
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Obviously, I'd prefer things to come out squeaky clean and the light at the end of the tunnel to be bright.
That being said, realistically, from many of the economists I've seen/read/hear/etc, our debt is a major issue. Of course, with the Fed, they slow it down tremendously, but I think ultimately they are just setting us up for something worse down the road. I'm not too strong on economics, but it doesn't take a genius to realize we borrow too much, still print too much, dollar decreasing, debt increasing, entitlement promises too much and so forth that will eventually come to bite us on the ass.