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As we come down to the final hours before the nation plunges over the “fiscal cliff” we see a Congress frozen in gridlock. They’re apparently unable to respond to the looming fiscal crisis set to occur with the start of 2013.
In “Goodbye Bland Affluence” in this morning’s Wall Street Journal Peggy Noonan writes about people downsizing their lives. She cites a Michigan couple who are gave up credit cards, high tech, and are now farming for their daily bread.
Baby boomers, she says, “know the era they built is over, that something new is beginning, something more subdued and altogether more mysterious. The old markers of success–money, status, power–will not apply as they have”.