At what point do those who promote and/or vote for ever increasing sums of government backed debt to finance what may not be necessities, bequeath an unsustainable burden on the future incomes of the community’s young?

If the post financial crisis recovery stalls,
should the world’s central banks and government step in again,
or should what many believe are artificial imbalances be allowed to naturally correct?

Human beings are… of two persuasions,

the first would spend tomorrow what they earn today,

the second would spend today what they hope to earn tomorrow.

From this…arise all conflicts that lead to economic crises,

to panics, depressions, violent and revolutionary transfers of wealth

and perhaps most wars.

Freeman Tilden

Could many who believe the government
should pledge their children’s future income
to prevent the failure of insolvent businesses
be indirectly advocating a political system other than capitalistic democracy?

If economic growth is dependent on liquidity supplied by new and existing investors
and rising financial markets, what should happen if incoming investment slows
and lack of liquidity creates a confidence crisis?

The fellow that can only see a week ahead

is always the popular fellow, for he is looking with the crowd.

But the one that can see years ahead,

he has a telescope but he can't make anybody believe that he has it.

Will Rogers

If sovereign and municipal credit markets tighten,
how could unemployment and business profitability be affected,
if Greece, some other relatively weak European countries
and some US states implement severe budget cutbacks and tax increases
to balance budget deficits?

If some tend to under-perceive future risks
after periods of relatively good decision making,
could some praised for brilliance become involuntarily reckless,
if ego evolves to dominate reason?

If high energy, food, education, medical cost coincident with unavailable credit
inhibit demand,
could costs fall and economic growth plateau or decline for longer than many think?