Tuesday, December 9, 2014

Thomas Shogren, Epilogue, Question #6

The passage that struck me as interesting was about the future of the fiscal house of America. Obviously the fiscal policy in place right now isn't working and it needs change (the sooner the better). If the fiscal policy doesn't change then not only will the American economy tank, but the economy of the whole world will spiral down into economic downturn. The economy is "more like a group of mountain climbers tethered together on the edge of a precipice" (Wheelan 323). If one economy falls then all the others will fall with it. Therefore, if the fiscal policy doesn't change in America then America (and the world for that matter) could be a really different place in 2050, and not for the better.

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