The deficit will doom America. America needs to dig in and reject the destruction he is bringing on. If you thought the mortgage business created a bubble and upset the currency, just wait for the results of that ocean of cash tsunami-ing its way through the economy!
Unless we get the entitlement programs under control, there is no way we can prevent the huge fiscal train wreck that will hit us in less than a decade. By 2014, five years from now, 45% of all Medicare expenditures will be from the General Fund and the numbers will continue to grow as the number of seniors increases. By 2030, one in five will be 65 or older, or double what it is now. And by 2030, there will be only two workers for every retiree, down from the current 3.3 today and the 16 to one ration in 1950. Where is the money going to come from to support these programs?