In response to:

The Crisis of the Middle Class and American Power

anonymous Wrote: Jan 09, 2013 9:39 AM
If people live within their means, they can live with one income. My wife and I did it for 28 years. We had three kids, two graduated from college. All three are responsible parents of our six grandkids and two of the Mothers do not work, the third works part-time, because she wants too. I retired at 60, because I planned it out at 20 years old. People have no patience today to save, they just buy themselves into debt. That is why they agree with Obama, the "debt" doesn't matter.

Last week I wrote about the crisis of unemployment in Europe. I received a great deal of feedback, with Europeans agreeing that this is the core problem and Americans arguing that the United States has the same problem, asserting that U.S. unemployment is twice as high as the government's official unemployment rate. My counterargument is that unemployment in the United States is not a problem in the same sense that it is in Europe because it does not pose a geopolitical threat. The United States does not face political disintegration from unemployment, whatever the number is. Europe might.

At the same time, I would agree...