Why the recession is just the beginning

By Matt Miller / The Bulletin
July 25, 2010

Here’s a cheery midsummer thought. The 15 million unemployed, the sluggish growth, the debt hangover and de-leveraging, the soaring deficits — these woes may not be our biggest economic problems.

The real test for the U.S. economy starts once we get past the fallout from the burst housing and....

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