I find it surprising that none of these analysis includes the
cause/effect of the enormous spending on the war in Iraq.

Bottom line is it would seem we're all screwed.

http://edition.cnn.com/2008/US/01/22/Dobbs.January23/index.html

" We all have to acknowledge that our problems were in part brought on
by the failure of our government to regulate the institutions and
markets that are now in crisis. The irresponsible fiscal policies of
the past decade have led to a national debt that amounts to $9
trillion. The irresponsible so-called free trade policies of
Democratic and Republican administrations over the past three decades
have produced a trade debt that now amounts to more than $6 trillion,
and that debt is rising faster than our national debt. All of which is
contributing to the plunge in the value of the U.S. dollar.

At precisely the point in our history in which this nation has become
ever more dependent on foreign producers for everything from clothing
to computers to technology to energy, our weakened dollar is making
the price of an ever-increasing number of imported goods even more
expensive.

All Americans will soon have to face a bitter and now obvious truth:
Our national, political and economic leaders have squandered this
nation's wealth, and the price of this profligacy is enormous, and the
bill has just come due for all of us."

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