This economy is built on a house of cards (US Dollar). Government spending and the fed artificially propping-up the stock markets was a very short sighted and dangerous thing to do. When the correction comes, and it will come, things will quickly spiral out of control. It will start by some event like the housing crash of 2007, or the collaps of student loans or maybe just plain old irrational investors. But I can guarantee the fed will wait too long, and then way over react. This will destroy the US dollar and it will lose it’s world currency status. People’s investments, such as stocks, 401ks and savings will be made valueless. Property, supplies and precious metals will be the only thing left with value. Then there will be a great reset and no one knows how that will play out. This was all completely avoidable, but the corruption in DC grew too big to contain. I know people that say it will happen as soon as 2024. I think could be as long as 2030 away, but it is coming. We have been over the tipping point for some time, so only a miracle could save us now.
Not a one of us could spend like our politicians/gov. employees do. I could not stand more debt than cash in bank/in my safe. This Federal Reserve idiot has put us in more debt than we can hope to repay. Obama started this and he runs Biden. Gov. handouts to not work and section 8 housing plus up to 1400 in food makes no sense. There are jobs everywhere, but; the 300 or so a week and all the other freebies have created a class who do not work. How many apartments are not section 8 where you live.