The 'hard reset' is inevitable and will be of the government's own making. Even if the 'jobless recovery' should miraculously become a real recovery, the inevitable interest rate increases that will occur after the Federal Reserve runs out of artificial rate-depression tricks will rapidly turn the $14 trillion plus deficit into an economic dead weight larger than the current budget. The prime rate was a little over 17% as recently as 1980 - do the math at a mere 5%. They will then either openly default (not likely) or resort to massive 'quantitative easing' (hyper-inflation) to 'pay' the interest. Either of those options shuts down the economy and the government. Hopefully the survivors of that mess will have better sense than to go down that road again.
What really needs to happen is for a sufficient percentage of the population (not a majority, but rather an armed and determined minority) to disabuse themselves of the notion that some people have the 'right' or authority to tell others how to live. Until the ideal of self-ownership suggested in the Declaration of Independence becomes society's guiding principle, we are doomed to repeated collapse cycles - natural law will eventually reassert itself no matter how vigorous a society's denial of reality.



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