Quote:
Originally Posted by The Demon
When have we done it before on this scale exactly? No, not the Great Depression. And I applaud your optimism but this is just what most Americans think, and it's really blind optimism. Simply stating we can get out of a hole because we have done so before, doesn't mean we're going to again, or that we're capable anymore. We've been spending poorly for 30 years and Obama has just WTFPwned the national debt and budget deficit. There's no way to get out of the hole unless we start slowly reducing our debts. We can't slowly reduce our debts unless we either:
A. Devalue the dollar and bankrupt this country just to reduce our trade deficit
B. Get rid of unions and start up manufacturing on a post WWII level.
B would be the most logical choice but even that's far from possible at this point. I know it's pessimism but we did it to ourselves and we can't really undo this, so we will have to experience an economy collapse whether in our lifetime, or our children will experience it in theirs. It's not a question of if at this point, but when.
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i don't disagree with any of this. for me, i have to get busy. i feel like i have to work 2x as hard these days to make up for the government's failures and failure to function. i expect nothing from them.
i believe that if most people who are able to work will do this, MAYBE it will work.
oh and it's my understanding that the economic conditions immediately following WWII had the same percentages. jobless, debt to gdp ratio etc.