The real question is how in the heck are the Democrats going to fix all of this? None of the solutions that I see are going to be pretty or popular.
Especially concerning the national debt. This one thing along threatens all of our futures. It basically nullifies any investment you could make.
My advice. Pay off your debt. Hold on to your money. And hold on for the ride.
ps - and maybe buy a few firearms...
Lets see... you are right, no fix is popular. More concerning to me than national debt is social security. In the future that is going to be a HUGE burden and Democrats are refusing to look at some of the viable solutions that have been offered, ie privitized SS. Thats going either be a HUGE debt burden or unmanagable tax burden.
National debt does not nullify investment. Just makes them less profitable and is likely going to drive up inflation in the long run.
With regards to your advice:
Pay off debt: thats good advice regardless of economic environment, depending on type of debt. I think alot of people will have problems paying off their house.
Hold on to your money: umm... I'm still planning on investing. Make yourself diversified. I think thats the more secure option for the future... stocks, bonds, cash, materials (ie gold, Pt, etc). Even in a bad economic environment thats wise. I don't suggest everyone hide their money under their bed. That type of fear is one of the things that sparked the Great Depression. Everyone tried laying their hands on their cash at one time. In order for this economy to work people need to invest. If everyone takes it out, you create a self-fulfilling prophecy.
Hold on for the ride: it will be interesting, no doubt.
Get a firearm: I encourage that regardless of economic environment, but stating this in your post seems in this manner smells of conspiracy craze and paranoia, inspiring mental images of some kind of post-apocolyptic USA where everyone is crazy eyed, gun toting and murdering over a can of peas.... At least thats the impression I got
