US – five years into its 20 year lost decade

The Japanese have had a twenty year lost decade following their own Keynesian stimulus. This is America reported at Drudge today:

92,009,000 Americans Not Working…
Labor Force at 36-Year Low…
7 Million Have Left Under Obama…
Lethargic economy…

And we could end up with the same kind of outcome if we don’t get on top of our debt and reduce unproductive spending. Decline is slow, and not everyone becomes poor, but in the end as a nation, we are less well off and the way out becomes more difficult every year. If the Labor Party is merely ignorant about what’s in store if we don’t fix the deficit, then it’s par for the course. But if they do understand but are still standing in the way of change, then they are despicable.

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