$12 x 10^12 indebtedness for a start. That works out to be about $160,000 for a typical family of four. How will the government pay that off? Can you say inflation? In five years (or less) someone earning $60,000 a year will be saying "Would you like fries with that?", and that $60K won't buy any more than the $15K he is earning now.

The collapse of the housing market is just the first domino to fall. Whoever gets elected will end up taking the blame for the consequences of eight years of Bush malfeasance.

tanstaafl.