Yep, Dent has been uncannily accurate in the past. His book The Great Boom Ahead predicted the 1990's to a tee. I urge everyone to read his latest book. Most won't bother.
Unfortunately, if he's right, it means the Republicans will own the government until 2012, after which this country will most certainly go not-so-gradually socialist. The GOP will be blamed for an economic decline which was not of their making and no one could avoid.
White House: Debt Ceiling Must Be Raised
Foreigners own half US debt, tipping point unclear