It SHOULD have collapsed in 2008. All we did was kick the can down the road and add monstrously to the debt. Had we let it collapse, we would have long since left it in the past. Obama would have been a one term president. They could have never gotten Obamacare passed. And too big to fail would be in the trash can of history where it belongs.
[It SHOULD have collapsed in 2008]
And a lot of that thanks to 2nd term Bush. I remember reading (way back then) that he was borrowing crazy money from —————> CHINA to finance the war and nation-building.
Worried me so I took what I (little) I had in a retirement account (very little) and moved it to bonds. My broker told me I was one of very few people who had made money that year (though it was not much ... on very little).
After the 2008 disaster, I cashed it all in.
Then along comes Barack..........who is now a good friend of W.