we will all pay for the excess debt party by raising taxes through inflation for the next 13 years. Everyone pays the tax, since everyone has to eat , drink and drive and requires shelter. yes we will have slow to negative growth  and higher unemployment(6 to 10 percent). yes are standards of living will not grow like they did in the last 20 years and they could decline a little but thats the least painfull way out of the problem if you consider the 1929 alternative.

hay if we go out and party we got to deal with the hangover the next day. however today we can take an aspirin to reduce the the effect of the hangover. inflation is the aspirin for the hangover of the debt party. without it the hangover the pain could be severe similar to 1929 .

ofcourse we can choose not to party or drink responsibly when we go out, but then again thats where the American phrase of work HARD and play HARDER comes from. we  all think that life is too short and we want to have more NOW. we are all guilty of it.Isnt thats why we get into so much debt in the first place ?

 WE WANT TO HAVE IT NOW AND WE WILL DEAL WITH PAYING FOR IT LATER. after all why do we bust our chops and work so hard for.  because we want more and we want it NOW.

I cant criticize the goverment for their actions in these hard times , I commend them for using the soft landing appraoch(inflation) rather than the hard landing approach(depression) to continue the spirit of the AMERICAN DREAM OF WORK HARD AND PLAY HARD BABY.