SkepticOne Wrote:
Apr 04, 2013 6:53 PM
I initially thought this column was a late April Fool's posting. I can't imagine why the normally sensible and skeptical Dr. Hansen believes that there will be a federal political miracle in 2017. If a democrat becomes president, a failing ObamaCare program will get more money tossed at it. A republican president may try to kill ObamaCare but won't be able to if there is a democrat majority in either house. Federal spending will remain higher than federal tax revenues even if the president is republican and both houses of Congress have republican majorities. We won't stop deficit spending until no one will buy our T-notes and inflation is so high that printing more money will result in lynchings of Federal Reserve officials.