What happens if we face 10-20 years of sluggish growth?

Washington and Wall Street are coming around to the idea that the economic future we’re stumbling towards will be far less generous from the normality we long for. The New Normal — a disarmingly benign term coined by Mohamed El-Erian, co-chief investment officer of the big California investment firm Pimco — envisions a future of sluggish growth, international discord, increased uncertainty and minuscule returns on capital. Government revenues shrink while spending remains high.

Here's the scary part:  government promises are locked in...pensions, Social Security, Medicare...what happens to society when those three items take up 50-60-70% of the budget and there'as not much left for roads, police, fire, teachers, etc,

Think about it....