The Terrifying New Normal -- Victor Davis Hanson, Pajamas Media
The World We Don’t Question
I’ve witnessed two of the most radical developments in my lifetime the last four years — changes far greater than those brought on by the massive new increases in the national debt, the soaring gas costs, the radical decrease in average family income, the insolvent Medicare and Social Security trajectories, or the flat housing market.
One is the fact of less than 1% interest rates on most savings (well below the rate of inflation), and the other is an epidemic of 20-something unemployment. All that is the new normal.
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My Comment: As an outsider who visits the U.S. at least 2 times a year (for the past 25 years) .... I have a perspective that those who live in the U.S. everyday do not see .... and what I have seen are the same things that Victor Davis Hanson has so eloquently written about in this post. Read it all .... it is a sobering analysis of what is now the "new normal" for the U.S..
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