Is this going to be the new normal, can we expect a decade or more of this like under FDR or do you believe it will be back down to 5% by 2012?
Personally I expect the US to stay this way for a long time. It seems Asia has passed us in innovation and the US has become too bogged down in regulation and red tape. Plus with an aging population, decreasing demand, and political paralysis, I think America will be much like Japan for the last decades, throwing out the bums every couple years, stagnation, etc.
Thomas Sowell: There are no solutions, just trade-offs.
I don't own a crystal ball so can only guess. Nothing will change until we replace all of the corrupt politicians in our government. We will most likely experience riots like in Greece when we finally get rid of all the welfare programs, if we ever do before this country collapses completely. There are only so many ways you can cloak this spreading of the wealth crap before the wealth is all gone and there is no one left to support the masses.
don't need a crystal ball. in our dreams it will be at 5%. at the rate we are spending this is the new normal and going to get worse.
but hey using the logic of a couple of politicians lets just give everybody unemployment since they go out and spend it and help the economy. :faint:
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
