You need the co-operation of Congress as a whole to tackle the major problems we have.
Just the other day I learn that if we don't change on spending and paying down the debt, at least $1 Trillion of the budget will be to do nothing but pay interest on the Debt.
The Fed will never be able to raise interest rates for that simple reason, they have to control the long end of the Bond Market and keep rates as low as possible. So right now we are screwed.
I’m not sure how I’m screwed anytime soon. When interest rates start to go up I will likely change my investment strategy.
You’re right, of course, that any progress will require the support of Congress. Over the last few decades congress has been almost embarrassingly deferential to the chief executive. A strong-willed president with a clear mandate will get his way with Congress in almost every way