Originally Posted by
Kathianne
I'm also thinking that if we hadn't built up the deficit by borrowing from the Chinese, language would not have been the major problem. I'm very uncertain that going into hock actually kept us out of a 'depression' in the first place.
It seems there is an argument to be made that we are and have been in what would be considered a 'depression' if there weren't so many 'circuit breakers.' The real question to my mind is, 'have we really avoided a depression or just delayed it, while building up this huge pile of debt?