"The Magnitude of the Mess We're In"

Water Cooler
#1

“The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full faith and credit of the United States.”

http://online.wsj.com/article/SB10001424052702303561504577497442109193610.html?mod=hp_opinion

Here is a WSJ op-ed by a bunch of old guys from a conservative think tank.

#2

Weren’t people just as pessimistic in the early 80’s after the double dip recession. Heck, rates were at 20%. We begged the world to devalue our currency. Japan was the greatest thing since sliced bread.