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Mish has got it all figured out.
I like the part where he thinks ending public unions, another nail in the future prospects of labor getting compensated decently, and if the retirement age for social security could be raised (because miss can imagine what it would be like to do manual labor for 45 years, and then miss would be willing to accept a small tax increase.
That's so magnanimous of you Mish.
In Praise of Pronounced Unhappiness
http://globaleconomicanalysis.blogspot.com/2013/11/in-praise-of-pronounced-unhappiness.html
Mish