Gray Ghost writes: " I hope the Left "over steps" and a revolution procedes from this overstepping." That is likely.
Some months from now inflation will start to soar and then Paul Volker will come back [maybe as the Ghoast of Goodtimes Past and tell us that we have to raise interest rates. It is starting already as the long bond [30 yr] rate just went up to 4% from 3% so somebody is figgering in inflation into the business horizon.
I think the anti-left revolution will start in England where Gordon Brown has destroyed the UK's finances with massive spending and cap and trade taxes.
From the Brit Liam Halligan:
"The UK will soon have a budget deficit of 15pc of GDP. The Government will be selling gilts equivalent to 20pc of our national income for at least three successive years. To say this is the worst fiscal crisis in this country's peace-time history is an understatement. We're now in banana republic territory."
http://www.telegraph.co.uk/finance/comment/liamhalligan/52 62855/Cameron-must-tackle-debt-s-ugly-truths.htmlBrown is out of power next year and O'Bozo cannot blame Bush2 forever. Inflation will his on his watch--not George's.
I think ours is bigger deficit problem with the printing presses running.
rycK