Chelsea, I trust it is not a surprise that I disagree with what you have said. As I pointed out earlier, what is happening is a result of our over comitting as a nation. We cannot afford what we have already committed to in Social Security, Civil Service Retirement programs (Not to mention the incredibly generous Congressional retirement programs) and Medicare/Medicaid. I pointed out three things that happened in the Bush administration that had contributed to hastening the problem. Two of these were beyond his control.

The Obama administration has done two things that are worsening the situation: (1) diverting over one-third of TARP funds from the original purpose of stabilizing our financial system to such things as GM & Chrysler bailouts. TARP was a truly bipartisan program in the closing days of the Bush administration and was supported by both parties as well as the incoming and outgoing president. The diversion of funds has left the capital and credit markets still too weak for our needs. (2) The ill advised 'stimulus package'. The purpose of this late night package that no one had the opportunity to read was, "to hold unemployment under 8%." The package not only failed in its goals, it has supported 'pork' projects that will add little or nothing to our nation's infrastructure. Had it done such things as upgrading our electric grid to a 'smart grid' or worked to converting our over the road trucks to natural gas instead of diesel, it would have been of value.

My concern today is that the current administration has three major efforts that will increase the budget deficit, put more people out of work and make our industry even more non-competitive in the global economy that we are today. These are The Health Reform Program, The Cap and Trade Bill and the Card Check legislation. I can go into the effects of each of these, but this post has already grown too long. Put together they will either reduce the US to the status of the Weimar economy in Germany or cause its dissolutions as futurists have predicted.