I do agree with the part about wanting Boehner out as Speaker.
Me too. The problem with these polls is how they are worded. The fact that I would love to get rid of Boehner does not mean that I wish the Democrats were in charge of the House.
As do I, John Boehner is a compete failure. His collapse on Obamacare proved once again he has no creditably with us leas t of all the democrats.
No speaker of any house can function effectively without such creditably. As scary as the thought of the house GOP keeping him might be, what is scarier still is what is going to happen as a product of basic mathematics.
We have two unsolvable problems:
Problem #1: The U.S. Government is spending more than a trillion dollars more than it can take from us. All this extra spending is financed thou the selling of bonds (taking of loans) which are currently financed by the Federal reserve and foreign investors.
All Federal reserve “loans” are causing more inflation, because they are financed by printing more money. A fact that is injuring the prospect of future foreign ‘investment’ as China noted with a ~$600 loss to existing ‘investors’ in Federal debt due to inflation. As theses investor demand higher interest rates to offset the effects of said inflationary loss the Federal Government will either comply thus raising the cost of financing the existing debt or have the Federal reserve increase inflationary lending further to make up for the loss.
Honestly my money is on the latter with respect to the attitude of Obama’s Federal Reserve appointees that now control the board. That of course means Foreign and domestic ‘investors’ will eventually be forced to divest themselves of Federal Treasuries due to inadequate rates of return, and a guaranteed future of high inflation.
The alternative of course brings us to problem #2 which Ironically leads us back to problem #1:
Problem #2: The U.S. Government’s existing debt of 17 trillion dollars and growing by far exceeds our GDP and were we to ever return to ‘normal’ interest rates we would be unable to finance such debt, certainly not on top of our already existing entitlement spending, thus we are looking at still higher deficits, and ultimately more inflation to finance it.
Short of massive cuts to spending, or gigantically unrealistically economic growth(Far beyond what is reasonable for ‘developed’ country) there is no way out of this spiral.