Out of Money

I have to admire President O’s candor in admitting that the nation is broke. I’m not so thrilled with his response, which makes the spendthrift Bush administration look like a model of fiscal rectitude. What this foretells is obvious. Most of us don’t have the option of easily bailing out of dollars, so we’re stuck with it. I expect heavy duty inflation within a year and high interest rates to accompany it. What to do with this prediction is up to you.

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