"If we do not cut spending, the Republicans say, our debts will spiral out of control and the country will implode.
"The good news, for those who don't relish the thought of the country imploding, is that this fear-mongering appears to be seriously overblown "
I used to be a free market conservative, but now I understand that government spending is really quite reasonable (except for the military, and who needs such a huge arsenal in a peaceful world as ours?), taxes are too darned low, and interest rates will stay near zero for the foreseeable future, so we should be able to pay off our debts rather easily, assuming stable growth. That's swell. I've just bought some put orders for pink unicorns. You know, the ones who crap Skittles.