If your country’s economy is 70% dependent on consumer spending and you have been sending those people’s jobs out of the country (since NAFTA in”1993) you eventually have too few people with an income that is able to support the economy.

When you have borrowed (through sale of Treasury Bonds) $ trillions from other countries and your currency is being debased (to cover a mortgage fraud) then everything you import (including all those cheaper consumer goods) becomes increasingly expensive.

When your currency is inflating (making each dollar worth less tomorrow) those countries holding the bonds begin spending that currency as fast as they can.

They spend it on things like oil, coal, food products and other commodities causing all those “thing’s” prices to be bid higher and higher.

Now all those consumers must pay more each day (with currency that is worth less each day) and their new service jobs don’t pay enough.

To keep those people form starving (and resorting to violence) government programs must be instituted. (Simply cooking the books won’t feed them anymore.)

Those programs require will require taxes to be raised big time in order to fund them.

It all seems rather stupid.  Right?

This will be a long time passing.

The democrats think they can spend us of a recession, they are only fooling themselves. The tree huggers don’t want any oil exploration in alaska, they are only fooling themselves

What fools these mortals be