Former Congressman and Ronald Reagan's one-time budget director, David Stockman, thinks the U.S. economy is on a steep slide to oblivion. His opinion piece for The New York Times is seven kinds of pessimistic, but it's long. For a precis you can try this overview in American Thinker. Hat tip to Lucianne.com for the link.
Is our economy less rosy than the stock market suggests, almost certainly. Is it as bad as Stockman believes, probably not. Articles that say the sky is falling are more likely to get printed, aren't they?
If you believe Stockman is correct, perhaps you should take DeCovnick's suggestion to become a survivalist.
