No, the economy is not doing well - despite what you might hear in the mainstream media and out of the mouths of many politicians.
Debt is high, we have endured a high level of inflation over the past three years, food prices and utility costs are still high and the economic outlook is not exactly bright.
The proverbial piper must be paid when the consequences of easing, spending and massive government debt come to critical mass.
This could mean 1970s-style stagflation for the US.