July 12th:

July 12: Sunday:
These are my organization of thoughts on a lot of comments at blogs, etc. I read during the week.
1. permanently smaller economy; Not an V or U or W recovery but X! the X idea is from Robert Reich. as in impasse?? No way through go back? No, I know there’ll be no going back to what we had 2000-2006!
2. Permanent job losses after this down cycle. People have some money for unemployment, extensions, maybe savings maybe assets or things to sell. When they all run out? And when any work they find doesn’t pay for what they have been used to? Lose their houses, too?
3. Permanent smaller revenue for state and local govs. Every year, less and less available due to less spending due to people with no income to spend except for absolute necessities.
4. Permanent lessening of government services: education, police and security, infrastructure, social services, helpe to hospitals and various other organizations.
5. Permanent reduction in medical services available for those who depend on government for programs, elderly assistance like nursing homes available, other nonprofits don’t get any govet help and private help is dwindling: food banks, shelters, animals shelters, etc.
6. Healthservice, public and private permanent reduced. No meds available for chronic disease or various conditions, no insurance available, people sicken and die from various diseases. Emergency rooms can’t treat someone if they are so far gone with chronic conditions: diabetes, heart condition, etc. 7. Pensions and government mandated services are reduced to lack of funding. Service to