The next little ride is the wiping out of the middle class.
Just because "Republicans" get in doesn't mean we are automatically out of the $hit. They don't have the balls to conduct the type of Federal budget and agency cuts that are required.
We'll get tax cut extensions (nothing permanent) and the looters in D.C. will push this all off until the next couple elections away.
Sir, you are correct.
There's not a dozen elected GOP officials who will do what is needed and no Democrats.
We REQUIRE a 50-60% cut in expenditures and a 25% across-the-board tax cut to pull out of this.
We need to repeal Obamacare and return the remaining TARP money to our children.
Not even the best of our GOP politicians have the stomach for this...because the American People don't have the stomach for it.
Dude, we're doomed. Get what you can for your dollars today because either the US Government is going into default or the Fed is going to drive hyperinflation...or both.
The only question now on the table is whether we bypass the hyperinflationary phase and go straight to default.
For the folks who are paying attention, that means the FDIC and US Treasuries won't amount to a hill of beans.