I think this time, it's different. I have this uneasy feeling our country is in the process of changing forever, and not necessarily for the better -- unless our perspective changes with it.
I remember well the '50s and early '60s, which were times of unbridled enthusiasm, prosperity and opportunity.
The American dream was a job, a house, a car. A modest, affordable house and a car that was most likely a Chevrolet, Ford or Plymouth.
People weren't in debt buying things they couldn't afford, and neither was the government. There were
recessions along the way -- relatively mild downturns of short duration -- but nothing like this feels like it's going to be.
Our country is sinking into the quicksand of insolvency as surely as the victims of subprime mortgages who have lost their jobs and their houses and watched their savings evaporate in the stock market decline.
We are staring at unfunded liabilities
We have to either raise taxes or cut benefits.