As the stock market heads south it's interesting to ask the question are we in America's Lost decade? Japan had their lost decade in the 90's.
Columnist George Will"
The debt increases caused by anemic growth and job creation may dwarf whatever debt reduction results from the process initiated by the debt-ceiling agreement. This may portend a vicious downward spiral as increased borrowing and the burden of debt service further suffocate America’s dynamism.
America may be one-third of the way through a lost decade — or worse, toward a lost national identity. So, Republicans have their 2012 theme: “Is this the best we can do?”
(To read the rest click on the title for a link.)
Let us hope it is not the lost century !
