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The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

Mortimer Zuckerman

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Mortimer Zuckerman
Age: 87
Born: 1937
Born: June 4
Businessperson
Editor-In-Chief
Journalist
Media Proprietor
Publisher
Montreal
Quebec
Mortimer B. Zuckerman
Mortimer Benjamin Zuckerman
Face
Heavily
Faces
Borrowed
Money
Consequence
Today
Unique
May
Possibility
Danger
Longer
Relying
Term
Stagnation

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Millions of public workers have become a kind of privileged new class - a new elite, who live better than their private sector counterparts. Public servants have become the public's masters. No wonder the public is upset.
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Americans cannot maintain their essential faith in government if there are two Americas, in which the private sector's work subsidizes the disproportionate benefits of this new public sector elite.
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Before you build a better mousetrap, it helps to know if there are any mice out there.
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The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.
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