Posted by Howard H. on March 16, 2009 at 08:05:39 from (156.110.78.2):
In Reply to: O/T Recession posted by Ben Grimes on March 16, 2009 at 07:13:35:
I think the last few years have shown a lot "irrational exuberance" in spending, and that "normal" will be a lot "cooler" than what some people have gotten used to.
But, I also know the "speedup" and the current "slowdown" have directly affected almost no one that I know personally. In other words, it really hasn't hit main street out here in the boonies - neither the run-up in housing nor the slowdown now...
I'm really not that worried about the economy per se - everyone has to eat, has to have a place to live, etc, and don't see that crumbling anywhere near the extent it did in the 30's...
What really worries me a lot is the Federal debt! At $35,000 for every man, woman, child, baby in the USA, there is NO WAY that is not a huge thing that all of us should be worried about. And no matter Dems or Repubs - they just keep spending and spending!
They can't even balance the budget! Much less start working on paying the debt down...
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