And if the dollar stops being the world’s reserve currency,
...................
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.
They are already taking credit for the deficit reduction and taking credit for the increased oil production. The “people” are not informed that it is happening in spite of Obama’s policies.