The world is heading for a recession, and if it does, it will be much worse than we thought.
And that means that the entire economy is going to be thrown into a tailspin.
It means that many of the basic services we rely on will be in peril.
That means a collapse of the social safety net.
And the worst part of all is that the worst will only happen if we continue on this course of inaction.
In an article entitled The Collapse of the Social Safety Net: How we can fix it , the Wall Street Journal’s Scott Shane, who is the former chief economist for the Federal Reserve, wrote that the “collapse of our social safety nets will happen if economic activity is stagnant or even declines, even in areas that have been strong performers in the past.”
He wrote: The economy is in a tailspins spiral, a spiral that will likely continue as the country struggles through the worst recession since the Great Depression.
The economic collapse is inevitable.
The government’s fiscal stimulus package that has been touted by Republicans as a solution to this crisis was a sham and failed.
Its failure was a failure of political leadership.
The president’s economic policies have had a disastrous impact on the economy, hurting the poor and working class and creating a new set of political liabilities for the incoming administration.
The economy will be at its weakest point since the recession of the late 1980s and it will likely experience the worst downturn in decades.
The social safety-net programs that the country has depended on for decades are not going to function.
So it’s no surprise that the American public is increasingly pessimistic about the future.
A Reuters/Ipsos poll last week found that the public was pessimistic about their future in a “sad” state.
“People are pessimistic about how they will fare in the future and they are not confident about their ability to provide for their families,” said Robert J. Dziczek, an economist with the Brookings Institution and co-author of the Reuters/IPS poll.
According to the survey, 41 percent of Americans said the economy is either in “good” or “excellent” shape and 31 percent said it’s “poor” or “poor” stands out.
Americans were also pessimistic about whether the country would get a good return on its investments, which rose 6.5 percent in the third quarter of 2017 from a year earlier.
Overall, Americans were more pessimistic about what the country will receive in the next two years than they were in the previous two years, according to the Reuters poll.
The question of whether the United States will continue to grow is also at an all-time high.
President Donald Trump has already announced that he will spend an additional $1 trillion on the military and has announced plans to boost infrastructure spending.
But in the coming weeks, the U.S. has been forced to cut back on other spending priorities, including the Federal Emergency Management Agency and a program to support the unemployed.
With the economy already in such a recessionary phase, there’s little reason to expect that things will get much better in the near future.
One thing is for sure, the country is facing a fiscal crisis.
That’s because the fiscal cliff, which will force Congress to raise taxes to avoid a shutdown, will likely hit the economy hard.
This recession is not over yet.
The American public will continue watching for signs of economic recovery, and they will be ready to spend more.
However, the recession is only a fraction of the problem.
When the economy slows, there will be a steep rise in unemployment, the government will be forced to borrow money to pay for its obligations, and the economy will likely fall even further into a recession.
If the recession continues, the economic collapse will happen in waves, and we will likely have another economic downturn before the government is able to pay its bills.
And there is little reason for the American people to think that things are going to improve in the foreseeable future.
The Collapse and How to Stop It is available now from Amazon, Barnes & Noble, and IndieBound.
Follow Scott Shane on Twitter at @ScottShane.
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