The fact is, even with a large national debt, we can have a very strong recovery with lower unemployment, large GDP growth, increasing valuations in the stock market, reasonable inflation. If all those fundamentals are good in 2012, I don't think the debt will be much of an issue. It will take longer than a couple of years for the debt to have that kind of disastrous effect on the economy.
I think the debt will continue to be an issue. Since I was a little girl, each generation has made this an issue and I think America definitely wants to reduce this. I agree that we can have a strong recovery or at least a stable recovery with lower unemployment and growth in GDP.....as far as the stock market, when you look at P/E's compared to S&P, we are at a low (over last 15 yrs.) and now is the time to get in. Market and Economy are not synonymous, but the media would have most believing this way. I really despise the media.
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