Derek85 Wrote:
Jan 05, 2013 2:41 PM
Wrong. As long as the Fed keps printing money to cover the deficits we won't hit the next cliff for probably a decade when the debt is about $30 trillion and we start to experience inflation of 10% a month. Then if the Fed starts to withdraw money to control inflation, interest rates will go to 20% or higher and the economy will implode. But Obama will be living in his $100 million mansion in Hawaii by then and could care less.