^^What he said! As much as I hate to say it, but I think we're in some serious trouble, unfortunately.
We can sit here and debate the federal budget, entitlements, military force, etc.
Here is how I see things. We spend more than we earn, we make less than we consume, and we borrow money from people who are strategic opponents in our resource quest in the world.
Our banking system is insolvent after the tech bubble and than the housing bubble.
Now we can debate tax cuts, regulation, and a whole host of other issues.
At the end of the day we need to create wealth in this country. We have a nation rich in resources.
Going to my fellow Allentownian Lee Iaaco and Fraternity Brother in Theta Chi
1) We can mine it
2) We can farm it
3) We can take mined and farmed goods and make them into manufactured products.
Any recovery is focused on doing those things, not on stimulating consumers through either government spending or tax cuts.
I'm willing to compromise on regulations, labor, and a whole bunch of other issues. Without those 3 we are ****ed.