It's gonna collapse UNLESS we cut spending drastically. Instead, Obama is still passing out billions in grants and 'loans'. As for taxes, the entire IRS structure should be eliminated in favor of a much simpler method and corporate tax rates should be drastically reduced.
But nothing is going to be done and the house of cards will fall. I wouldn't want to be in NYC or any other major city when it does because that is where the riots will begin.
None of the candidates for the presidency have the courage (with the possible exception of Ron Paul and the elites will kill him if it looks like he can win) to do what must be done in advance of the denouement of the crisis. Instead, Obama or his RINO successor will follow the ancient formula for a collapsed currency--war, repression and ultimately chaos.
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