General Discussion
In reply to the discussion: What I would like explained to me [View all]Warpy
(111,254 posts)and now it's largely dried up as customers realize that if they miss payments or don't actively pay it down, their interest rates will be jacked up to the stratosphere in a final attempt to bleed them dry.
So any money the currently employed do have is largely being spent on subsistence or going to pay debt down. Very little is going to support that glittering early 2000s consumer economy. The results, visible in every town across the country, are boarded up store fronts, an increase in people with food stamp cards, and more foreclosure signs.
The debt driven economy was unsustainable. That is rapidly happening to government, too. The economy will have to be jump started by government spending to put people back to work. Government spending will have to be jump started by increasing revenues and the only people left to tax are the rich and the corporate.
The longer Congress hides from all of this, the worse it is likely to get.
It's up to us to vote against conservative Democrats in primaries and against Republicans in the general election. Conservatives will never face up to what needs to be done. They all prefer to live in a pleasant past that never was.