Here's a bit of disturbing news that kept me from sleeping peacefully last night. A "correction" for a real-estate market gone awry? Considering how many people's solvency depends on their home equity, I wouldn't take this lightly.
It means the American people will have that much less to pay with when the bill comes due. What bill? Well, to catch up on maintenance of the crumbling infrastructure for one thing. I won't call it a "quality of life" issue or even "investment in the future" since I imagine those are frivolous aspects of government that some feel ought to be cut off before "drowning it in the bathtub". But functioning infrastructure benefits the economy, and dependence on foreign oil is a huge national security issue. (On a related note, having a functioning healthcare and education system is a sound economic investment as well, not some evil plot by commies and freeloaders...)
The most frightening part, though, is that the president can admit to breaking the law, wipe his butt on the Constitution, and flush the U.S. economy down the toilet, and somehow impeachment is not on the table? How is that possible??? Maybe we could use some leadership?
I'd swear it was the end-times if I believed in the end times. But since I don't, I do believe it's time to start cleaning this mess up...
Normally I like to keep my topics light, and I'm sure to get flamed for this one since I'm not an economist or an expert political analyst (not to mention the fact that I currently live in Europe...). For some excellent expert analysis, look here. For the sake of the U.S. and its Constitution, I think impeachment needs to be on the table and needs to be a priority in order to start turning things around.