by Stuart Bishop:
"... I hope you could read between the intentional sarcasm there and grasp the bigger point. At some point in the near future, the United States and its government is going to have to voluntarily or be forced by the market to face its spending problem. The United States government is the most indebted government in the history of mankind. It owes almost $16 trillion. It has unfunded liabilities estimated by many at $75 trillion and by some at over $110 trillion. It has a spending problem, where roughly $3.7 trillion dollars are spent, and $2.3 trillion dollars are received in taxes. In this context, the above speech is a near total impossibility for Obama or any other future US president to make. Neither is any Congressman, Senator or significant politician going to demand this. Maybe a wild card Ron Paul presidential election victory could make this possible. Even then I doubt it. The cuts required and the immediate pain that would be imposed would be so severe, that this would be a non starter. Enough people are dependent enough on the government to come out ’en masse’ to block any attempt at electing Ron Paul. This alone is the strongest reason I anticipate a major hyperinflation of the US dollar within the next few years.
"So to argue that anything other than a full blown hyperinflation is coming to the United States, you would need to argue one of two things. The US Government consumption machine will stop living beyond its means by choice. A full default on an entire generation of people that can all vote for more spending when threatened with lower living standards. ..."