US Headed for Permanent Recession TOPICS:cannot pay debtdavid stockmaneconomy permanent state of recessionFORMERgovernment is nonfunctionalgovernment shutdownmichigan congressmanoffice of management and budget directorUS Headed for Permanent Recession Posted By: BMartin1776 June 12, 2012 Fmr Congressman David Stockman states “Our economy is headed for permanent sate of recession after 2013 starts”