We have gone from an economy which was the greatest in the world, to entering a depression not seen in our lifetimes. There are almost no government programs in place which are going to cope with permanent loss of jobs, inability to pay home or other loans.

Richard Wolff joins Thom Hartmann to discuss the future of the economy. The massive debt in the US is a bubble waiting to burst. There will now be no income in taxes to pay off the country’s debt.

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