One more thing that should scare you

That somebody has written this sentence in a long, detailed analysis[*1] of the U.S. government’s financial mess:

But my guess is that, faced with the alternatives of seeing both the dollar and the debt become worthless or defaulting on the debt while saving the dollar, the U.S. government will choose the latter.

It can happen here. It will happen, if the Democrats don’t sober up in a damn hurry and stop spending money like drunken Congresscritters. The Republicans aren’t in this game–the voters quite effectively saw to that in the 2008 elections. It’s the Democrats who are driving us all right off the financial cliff–quite frankly, the completion of a suicide trip that Hoover and FDR put us on after the Crash of 1929–including and especially FDR’s New Deal. We’re in the endgame now of the New Deal policies, and all the Democrats have to offer is more of the same disastrous policies that got us here in the first place.

It’s the Democrats, and only the Democrats, who can stop it. If they don’t, then not a single Democrat deserves to be re-elected in 2010.

The Republicans might have been bad fiscally towards the end of the Bush Administration. The Democrats have been worse, by a couple of orders of magnitude.