Read other letters about this article
What evidence do you have that we are going into a recession/depression? This country has been in debt to its ears as long as I have been alive, hasn't gotten any better, and we have never really had anything that other countries need/want..Well, maybe rice and medicine!! I realize that we need to do something to get out of debt. I agree with that 100%, but that is not going to put us in a recession. And like I just said, we have had a higher import cost then export for as long as I have lived and I don't really see that changing in the foreseable future.
What puts us into a recssion is money being spent by you, me, society, companies/corporation, and the government. In some cases, people may not have the money, which is understandable because all societies have upper, middle, and lower. In other cases, people freak out and don't buy anything because of the fear of a recession because of these lovely news articles.
I explained it in my last post if you read it. If you and 2 million other Americans feel that we are going through a recession and stop going out to eat, don't buy that TV that you wanted or that new car you wanted, then that will kill the economy. IE, Olive Garden loses customers, then they have to layoff their staff, then those people don't go out to the concert they wanted or don't buy that new CD they wanted, then the person making the CD doesn't get the revenue they were expecting so they don't go on a vacation to Disney World, then Disney World is affected because no one goes there and they layoff half their staff..See how the cycle works and how we can get into a recession?
Companies/Corporations are doing the same thing. They have many openings and needs to fill within the company and they have frozen hiring because of this, which in turn doesn't allow someone who needs a job get a job, or allow someone to get a pay raise that is much needed. It is a vicious cycle.
Let the government figure out how to get out of their debt because they are not helping us out of ours without a penalty of some sort (like flushing your credit down the toilet making it impossible to get a loan).
Now I will say there are some areas that are going through hard times. Parts of California are going through some really rough patches and they are feeling the effect of the high costs of homes and salaries not matching the rise in homes and other costs. I have seen Alabama mentioned on here, but as far as I knew, Alabama has never been a propering/wealthy state in general. But this is common even when the society is doing good.
I don't want to argue with you because you and I both have our opinions on the matter, but this is my perspective and how I see it.