I agree with #14 except for allowing it to burn.
Regardless, I believe that the communists will not cut government agencies or social programs. Instead, they will opt for inflation.
I believe that the country will stand for inflation that reduces living standards by 50%, if done gradually, because people will not put cause and effect together.
Whether hyperinflation will be enough to keep the enterprise afloat, I don’t know.
No, you’re right. As long as there’s a working printing press the entitlements will flow with the caveat that the Boehner led House will not stop it in the name of bi-partisanship. Given the Speaker’s comments in the last few days I’m not encouraged.
As for hyperinflation (in a possibly too easy example to make) I’d point to the Weimar Republic as our immediate future. What happens next is the only question.