[familyop]

"The Fed will “buy” the excess Treasures with $$ it is authorized to print from Congress."

In that case, the money will be as worthless to government employees and associated recipients as it will to the rest of us. ...moreso, because they're indebted spendthrifts.

"People are going to get real unhappy when the price of everything goes up and jobs continue to get shipped overseas (due to increasing regulations and mandates)."

It won't bother me at all. Those regulations and mandates are passed by the relatives, employees and friends (academics, government employees, retirees, all) of those who've already moved business overseas and those who can afford to control their politicians. Let 'em eat each other up.

The default will take out much of the trash, then we'll see small government.

[rbg81]

Agree—its not a rational policy, but that is what HAS BEEN happening. I really think everyone in Power is just trying to stave off the inevitable crash by any means necessary.