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>> Time for my daily commercial: save more, spend less.

I’m down with that part, but it’s not clear what the end game of this strategy is. Tax revenues or no, if Bambi can’t find borrowers for his treasuries, and can’t fund his way out with tax revenues, he’ll just monetize the debt through quantitative easing (or whatever term you prefer).

The night-follows-day outcome of this is inflation — destroying those who saved to bring it about.

Is there something I’m missing? I don’t mind staying in cash for the time being, and minimizing spending is de rigeur these days anyhow. But watching my cash inflate to nothing won’t be an option for me.

It's a game of high-stakes poker. Hussein will either be forced to cut back on entitlement programs or the Fed will have to engage in QE (ie quantitative easing aka "printing money"), which of course brings on inflation.

I think it is very doubtful that the Fed will take that route for the simple reason that they are an (nominally) independent institution. This country has never had hyper-inflation - I don't see the Fed & Congress (which would have to raise the debt ceiling and authorize the sale of Ts in the first place) willing to chance a Zimbwabe.

(Btw, a more logical explanation is that if printing money was effective, why would anyone ever work? Why haven't societies for 1,000s of years just created money?)

Either way works towards destroying the welfare state, which is our chief objective. Anyway, at the end of the day, someone is going to have to take the boy aside and explain to him that the game is over. We'll have significant budget cut backs and the Commies will have to plot for another generation.

That's the situation I'm in: I have plenty of cash, but I can't think of a single place to put it. Not anything in the US, obviously—the only growth sector here is government, and you can't invest in that. Every other meaningful economy is either worse off (Europe), authoritarian (Russia and China), or will be at the mercy of evildoers once the Democrats destroy the US military (Israel, India, Australia, Brazil). I won't buy metals, because it's only a matter of time before FDR-fetishist Ogabe confiscates gold and silver just like 1933.

All I can think of is to get in on some "green jobs" scam corporation, but I can't see any way to distinguish the ones that are defrauding their investors from the "honest" ones that are only defrauding the taxpayer.