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<p>[QUOTE="Vess1, post: 1139606, member: 13650"]I have to agree. In 2002 I had somebody tell me, "Boy, I'm glad I'm not just graduating college now!" Somebody else made this exact same statement to me last week. </p><p> I keep waiting to see this big turn around that's coming and what that may be but year after year passes and it doesn't come. What do you guys think the real unemployment numbers would be if you took out all city, county, state and federal govt. employees out of the equation? Unemployment would probably be 30-40% right now, just looking at the private sector. </p><p><br /></p><p> 20%. That's 1 in 5 homes (1.6 million) in Florida are sitting vacant. A once booming construction industry down there is gone. Everywhere from major cities to small towns are relying on infrastructure that is 60 to 100+ years old and crumbling! Look around the place! </p><p> I look around my town and see roads crumbling to pieces. In some areas, it looks like Detroit. Vacant housing, roofs falling in, junk laying around abandoned. This is all happening gradually. And it's happening everywhere. There's no money out there to really fix anything up in the private or public sectors. There are so many towns that if a natural disaster wiped them out, they wouldn't come back. Nobody would invest the money to re-build. There's no money in it.</p><p><br /></p><p> My only point here is that things have/can deteriorate pretty badly and nobody will ever claim that we're "done in" as you say. That's not a defined point.</p><p><br /></p><p> Gradually, we get used to a new normal. After people look at a ghetto for so long, they gradually forget what "nice, new, clean" is and after a while, their neighborhood doesn't seem that bad anymore. The same thing is happening with this nations debt problems. After you look at 14 trillion for so long, 20 trillion doesn't sound so bad. Then 50 trillion won't sound so bad. Eventually, people have been worn down and won't really know what "bad" is at any point. I believe many people on this board have fallen victim to this loss of perspective.</p><p> </p><p> I don't know what will happen but there are many old people that don't regret being old at this period of time. That should tell us something.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1139606, member: 13650"]I have to agree. In 2002 I had somebody tell me, "Boy, I'm glad I'm not just graduating college now!" Somebody else made this exact same statement to me last week. I keep waiting to see this big turn around that's coming and what that may be but year after year passes and it doesn't come. What do you guys think the real unemployment numbers would be if you took out all city, county, state and federal govt. employees out of the equation? Unemployment would probably be 30-40% right now, just looking at the private sector. 20%. That's 1 in 5 homes (1.6 million) in Florida are sitting vacant. A once booming construction industry down there is gone. Everywhere from major cities to small towns are relying on infrastructure that is 60 to 100+ years old and crumbling! Look around the place! I look around my town and see roads crumbling to pieces. In some areas, it looks like Detroit. Vacant housing, roofs falling in, junk laying around abandoned. This is all happening gradually. And it's happening everywhere. There's no money out there to really fix anything up in the private or public sectors. There are so many towns that if a natural disaster wiped them out, they wouldn't come back. Nobody would invest the money to re-build. There's no money in it. My only point here is that things have/can deteriorate pretty badly and nobody will ever claim that we're "done in" as you say. That's not a defined point. Gradually, we get used to a new normal. After people look at a ghetto for so long, they gradually forget what "nice, new, clean" is and after a while, their neighborhood doesn't seem that bad anymore. The same thing is happening with this nations debt problems. After you look at 14 trillion for so long, 20 trillion doesn't sound so bad. Then 50 trillion won't sound so bad. Eventually, people have been worn down and won't really know what "bad" is at any point. I believe many people on this board have fallen victim to this loss of perspective. I don't know what will happen but there are many old people that don't regret being old at this period of time. That should tell us something.[/QUOTE]
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