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To: Cogito Ergo Sum who wrote (63996)	5/31/2010 1:00:55 PM
From: benwood	Respond to of 217841

"Think it will have no lasting effect on your son despite his lack of accumulated wealth ?" I may have not stated that concept clearly enough: I think the next generation's troubles are baked in. Yes, they will suffer. But they will suffer LESS due to a reset, as I believe that will allow some relatively good jobs to migrate back to the US. The the suffering and the change in the US stature is a done deal. Finis. The reset will be like the UK falling from grace in the past century. Wipe out into dramatically less relevance. And you of course know that when I saw "we deserve it" I don't mean you or me or anybody in particular, I mean "we as a nation." Add up the entitlement mentality the level of magical thinking (roughly inversely proportional to critical thinking) and divide by the population, and we have averages high enough that we are happily sailing into the icebergs, grabbing more speed whenever it is offered to us by our fearless corporate leaders. Reset will be catastrophic, I agree. But my point is that it is far worse for me than my kid. It could actually turn out better for him than not (when the shaking is done, after five years or so). The maddening thing is that it is still completely avoidable.