How bad will the recession get??? According to our leaders it will get a lot worse. 1- It wonât be worse than the great depression because there has not been a contraction in the money supply like it happened in the 1930's. 2-Our "debt system" is overloaded. Americans and corporations are unable to get more debt as they find themselves hard to meet their interest payments .......sometimes even to get loans for PAYROLL. 3-Despite high balances of debt for the US, States and local governments.......they will be the only ones able to absorb debt and invest in construction works all over America. CONCLUSION The current crisis wonât be as bad as the great depression. However, under the present monetary system only government will be able to get us out. The loophole is that this is only a short run way out of the crisis..........what is for sure is that America's economy will never be the same.