In response to:

After Obama

Bob319 Wrote: Apr 04, 2013 7:58 AM
I kept reading your article and expecting a punch line at the end. You maybe right but I think that there are many more scenarios out there with a higher probability. The key to me is that there will be some foreign crisis that will mess everything up, OR more likely when the dollar is no longer the reserve currency of the world all hell will break out.

We can imagine what lies ahead in 2017 -- no matter the result of either the 2014 midterm elections or the 2016 presidential outcome.

There will be no more $1 trillion deficits. About $10 trillion will have been added to the national debt during the Obama administration, on top of the more than $4 trillion from the prior eight-year George W. Bush administration. That staggering bipartisan sum will force the next president to be a deficit hawk, both fiscally and politically.

In addition, there will be no huge new federal spending programs -- no third or fourth stimulus, no vast new...