[Iwo Jima]

Then there would be a mad rush to stock up on everything before 12/31/06, with a depression-like slow down afterward. Think of Y2K but much bigger.

[kevkrom]

Then there would be a mad rush to stock up on everything before 12/31/06, with a depression-like slow down afterward.

A temporary blip. I'll agree that transition could get messy. On the other hand, people will have more cash in their pockets (no income or payroll taxes taken out, plus they are receiving the FCA "rebate"). Plus, American exports will be thriving due to removal of income and payroll tax costs in their production prices. So, while things could get a bit ugly during the transition, I don't think we'll have a depression of any sorts.