The biggest problem is the out of control entitlements and spending that are slowly making the dollar worth a handful of magic beans.
In addition to the crummy economy, the banks aren't lending because of the precedent set during the Chrysler bankruptcy. If the government can come in and basically steal the collateral that was pledged to back the loan, why would anyone MAKE a loan?
It's our SECOND biggest problem
The biggest problem is the out of control entitlements and spending that are slowly making the dollar worth a handful of magic beans.
In addition to the crummy economy, the banks aren't lending because of the precedent set during the Chrysler bankruptcy. If the government can come in and basically steal the collateral that was pledged to back the loan, why would anyone MAKE a loan?