The end result of this has been set in stone since 1913. Obama hit the gas pedal and sped the process up GREATLY... but it goes far deeper than just Obama. Focusing on Obama is only part of the equation, and in some cases can obscure the systemic problems we have. This is not fixable by simply passing lower budgets anymore. As a principle that is great, but right now it is like changing the curtains on a house burning to the ground.
The derivatives bubble has made this a giant ball of tangled wires that really cannot be unwound without doing something that changes the system completely.
And that isn’t very likely to happen no matter who is President.
I am no expert by any means, but anyone reading this thread who hasn’t really looked into how things work with money and derivatives should do some reading. It is really like the movie the matrix where you take the red pill to face reality.
So enlighten the rest of us ... What happened in 1913 that set this end now ...