This applies to the UK, but it's interesting reading.
http://news.sky.com/home/business/article/16041913
Quote:
Britain's economic recovery will be "bumpy and uneven" and families will be £1,500 ($2400) worse off over the next five years - but the Government is on the right track.
That is the view of the International Monetary Fund (IMF) in its latest health check on the state of the UK economy.
It backed Chancellor George Osborne's spending cuts and tax increases to reduce the deficit despite households having an estimated £35bn less to spend.
This will follow 10% being wiped off the "tangible value" of property by 2016.
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And all they want to cut is £35bn ($56bn) now think in terms of a trillion dollars. No need for a calculator, it's 28.571428 times larger. $68,568.
If you think the poor, old, infirm, etc can repay that. You're fooling yourself.
And the effect will roll down to everyone. Even people here.