Reply #1: Double dip is survivable with few changes [View All]

[Warpy]

which is why I sincerely doubt it will happen that way. I think rather we're in for an L-shaped dip with the second one until Congress is persuaded to do what they should have done already: make the tax more progressive and nearly confiscatory on billionaires, use the revenue to both start paying down foreign debt and rebuilding industry and infrastructure, and start cutting the Pentagon budget 10% per year until it's in line with the military budgets of other large industrial countries. Extricating us from the Republican wars is also part of cutting that budget: Iraq first and Afghanistan when NATO is finally ready to give up.

Until and unless these things are done, this economy will continue to worsen.

May we learn to take care of each other in the meantime. No one else will.