Another lost decade?

MANIFESTO

Needless to say, the first ten years of the century were emintently forgettable marked as they were by huge job losses, an immense national deficit increase, a return to 19th century jingoism, virtually no movement in the equity markets, etc., etc., etc.

Now, Paul Krugman is suggesting that yet another lost decade could occur by 2020:

[P]olicy makers aren’t doing too much; they’re doing too little. Recent data ... suggest that we may be heading for a Japan-style lost decade, trapped in a prolonged era of high unemployment and slow growth.

Couple this with the fact that

ballooning pension obligations have stoked battles between anti-tax crusaders and public sector unions, with the legislature paralyzed in between,

and my golden years may not be so shiny after all.