Without drastic cuts in Federal Spending, which Obama and the Democrats REFUSE to do, there will be a collapse of our $. It will happen like this: US $ will stop being the World's Reserve Currency and the Petro Dollar. Interest rates will push up to historical rates then 1/2 of the total US revenue will go to pay the interest on the soon to be 20 Trillion National Debt. It will require massive TAX increases which the People will resist. The end will come with People using gold and States issuing their own currency. It will be a good time to restructure our Country's banking system and balance future budgets by LAW! And hopefully the demise of the Leftist Liberals for decades!
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