The economy is *fine*.
It is one of the greatest strengths this country has, precisely in its freedom and it the vigor of its adaptation to change. And your children are going to be better off, automatically, simply because mankind as a whole is going to be vastly better off, because we know vastly more, have superior tools, etc.
Unless Iranian nutjobs nuke us - you know, a *real* issue that is actually worth worrying about, instead of this cockamamie attempt to pretend there is anything wrong with the economy?
It is all 20th century socialist hangover anyway, this absurb hyperpoliticization of economic issues. They never mattered a tenth this much, outside of a few years of the great depression. But entire political parties have built themselves around nonsense about all of it, and they won't let go.
Even harder to eradicate than failed government programs, failed economic ideologies live on like zombies generations since they've had anything to say, or any cause worth bothering about.
This is clearly true with respect to the $750 Billion U.S. Trade Deficit...and the policies of FDR's push for unilateralist "free" trade.
But it will become understood then when that deficit (well over TWICE the governmental deficit) hits over a trillion dollars... that we have been piloted straight onto the rocks.
Those with an understanding of the industrial realities of production, however, realize that it will not be so easily reversed. If at all. China will be the the Super-Super Power. And the U.S. will be a has-been. Just like England. And it was all avoidable but for doctrinnaire, blinded zealots who harbored too much hubris, and were too full of themselves to care about their country.