Define 'really bad' there, if you will.

Because I'm thinking that the mortgage bubble... was really bad.

Collapse of real estate values nationwide... really bad again.

Majority of bankruptcies tied to medical debt... pretty much a new low of "really bad" if you ask me.

Impending retirement of a generation which will completely bankrupt both medicare and social security, leaving Gen X-ers with nothing... well, this seems really, really bad from my perspective AS a member of the leading edge of GenX.

Recent college graduate unemployment numbers over 10%... also really bad.

The fact that such debt is now undischargeable... whoahhhhh.. I think we're going to need some new words, because that strikes me as roughly analogous to calling Hiroshima "unfortunate collateral damage."

But maybe I'm missing something.


Schrödinger's cat walks into a bar. And doesn't.