I know most of the talk in washington is about unfreezing the lending markets so consumers can take on new debt,buy stuff and the economy will fix itself. But it seems that no one has asked, what if the consumer is no longer interested in borrowing? Maybe now Americans want to deleverage as well since cash flow from the job is not enough to meet more obligations and paying off debt and living a less stressful life is more of what Americans want today. Americans have been accustomed to a permabull market,cheap credit,etc.. unlike the post depression generation who spent less,did not borrow much and saved for a rainy day. If wages go up enough where Americans can pay off debt quicker you will probably see the economy begin to grow otherwise I just do not see anything on the plate that will reverse the course of this deflationary depression that is slowly building.