That one will have real historical repurcussions. All this economic stuff that everyone is hot about every minute on the idiot box, it will be a footnote in some economist's thesis, discussing how Lehman was a screw up but the Fed fixed it pretty well afterward. And nobody else will care one way or another. Healthcare and such boondoggles, nobody will have the slightest idea they even happened.
What I don’t see in the near future is economic growth. There does not seem to be a wave of innovation that has given the US the steam to be an industry leader. Venture capital is not much there. IPOs aren’t there. New industries are moving to tax friendly nations. Where & what will be the next new “things” that propels us into 5% GDP growth & increased wages? (like tech).
Also, I think that people are saving more money because they are hoarding it. No one wants to spend in an uncertain environment. And because of that, tax revenues to the treasury will be lower again this year. (good). And the gov’t will be looking for more $, again.