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Senior stretches income to support her son

Original post made on Jun 26, 2010

It is a notion hard-wired into us, that the American Dream is accessible to any and all willing to reach for it; that earnest work, determination and grit is all an individual needs to succeed, regardless of the circumstances. Lately, people are beginning to question the veracity of this ideal, as they watch it bow under the immense weight of the Great Recession.

Read the full story here Web Link posted Friday, June 25, 2010, 12:00 AM

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Posted by Reader
a resident of Old Mountain View
on Jun 26, 2010 at 12:25 pm

It is a 2-way deal. U.S. runs a large deficit (debt). We borrow from abroad. Wages are too high here compared to abroad (China, India, etc.). Business naturally is attracted to lower wages. We cannot have both ways and ban those countries because we want to keep higher wages here. They finance our debt... We are stuck as long as we are a debtor to those countries and play in the global markets (to finance our deficit). We can only solve this problem by becoming more aware and informed of the source of the problem not the symptoms.


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