I think the issues are deep and long-term. All societies and their productivity go through cycles. Since the end of the Great Depression, the US government has tried to repress the downside of the cycle. This is like preventing forest fires until too much dry brush has built up, and we get a truly devastating fire. In my view, the current economic collapse is caused by a long-term effort to prevent such a collapse without addressing underlying causes. It is exacerbated by fear, greed, and manipulation. To learn more, you might check out my Hub, No Economic Recovery Coming: Welcome to the Fifth World.