Please read this Market Ticker post from Karl Denninger. This is the truth, simple, easy to understand, not, perhaps, so easy to accept. The Tea Party stuff is a little extraneous to the more critical point that America must experience a contraction in GDP.
One of the comments says we need an "Anakin Skywalker" to restore balance. That is exactly what we need. We need a one-term president to follow Obama who will sacrifice his or her political career to serve this country. I don't know who that might be. The person will be vilified worse than Hoover, Carter, and Obama combined. The state run media will destroy the person. He or she could be impeached by the House, but the deed has to be done. Somebody has to stand up and tell people the truth.
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