Wulp, I dunno who said it, or even exactly what they said, but I'll agree that our country's economic future is looking fairly bleak. The thing no one mentioned is that it is the pure and absolute fault of the American consumer, rather than the government. The government is responsible for covering up the crisis and bailing folks out that should be going under, all the while prolonging the inevitable. However, the consumer debt level over the last 30 years is probably double what it has been for any 30 year period during American history, save the period containing the Great Depression. The mortgage crisis is a perfect example. People are irresponsible and involved in a tooth-and-nail battle for keeping up with the jones's while the unemployment rate is rising and the value of the dollar is on a steady decline. Meanwhile, folks that normally spent $250/month on fuel are now spending $1,000, and trucking firms are being buried faster than Bill Clinton can shag an intern.
Generation X is being touted as the first generation in American history to be worse off financially than their parents. We're not Rome, and we don't have a multi-millennium history for comparison. I'm thoroughly convinced that our own arrogance and gluttony will be our downfall. I don't know what its like across the nation, but folks around here are losing jobs right and left.
Smell that? Smells like sumthin died in here.