And if the dollar stops being the world’s reserve currency, we’ll suddenly no longer be able to print money. We’ll have to live within our means.
With the Obamanation in control, that means DoD will be practically disbanded in favor of socialist programs.
But even worse, when all those outstanding treasuries come due and we can’t pay up...
This will certainly be embarrassing for the 1st Lady.
And if the dollar stops being the world’s reserve currency,
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because of the fracking boom—that possibility is now off the table.
however, fracking is producing much more federal revenues—so the deficit is rapidly shrinking. If the deficit keeps shrinking at the current rate—the federal budget will balance in a couple years.
the terrible thing about this is that the democrats will have learned all the wrong lessons. they’ll credit obama with the balanced budget just as they did clinton after his budget balanced. this the hateful disgusting thing about this good news.