Winning elections gets the winner power, but elections do not change the laws of economics. The U.S. is headed toward the fate of California and of Greece. When the corporate bonds are offering less interest than U.S. bonds and people are still buying them, one can tell the fiscal position fo the United States is really in trouble. It won't be long until the bond raters will lower the class of U.S. bonds. How long with the dollar remain the currency of the planet? Reality intrudes itself on even the most rabid ideologues.
Donald W. Bales