ping
Another function of decline is the kind of blind complacency so characteristic of late imperial rot. Deficit ? What deficit ? So long as we have Chinese imports everything is fine.
" Bush Administration's reaction to them indicate the greater danger to the American economy and nation"
From reading some of the replies I get the impression that we should double our deficit every month and the economy will get better at an even more rapid rate. Another day older and deeper in debt.
Bush won't be holding the bag. He will be long gone when the bill collector appears, the dollar will be near worthless, jobs long gone, enterprises here will not be US owned and we won't be able to sell securities. Pessimistic? No, I'm an optimist that our economy will last 4 years.