He was a member of the Grace Commission. Parents in their 30's are now in far greater debt than their parents were at the same age. They fear even greater debt for their children. Bankruptcies, foreclosures, and bank failures are occuring in record numbers. Small farms are being devoured by agribusiness.
Inflation erodes our buying power.
Businesses are strangled by regulations. And our cities have large pockets of decay. Many still enjoy a measure of prosperity. It won t touch me. It will touch us all unless we radically alter course quickly.