I.O.U.S.A.

Can't wait see this this one. Please fix the typo; "trillions" should be "billions" in your discussion of treasury securities. I know numbers this big are hard to grasp, but billions is scary enough; trillions would be game over. Otherwise keep up the good work.

It's astonishing that at this late date, the idiots in Washington are paying for a war solely by borrowing from our grandchildren. The hypocrisy and the intellectual dishonesty are stunning. I hope that the medium of movies can finally penetrate the consciousness of all those die-hard Bush / Cheney supporters out there.

The Bush admin has sure done their part to mess us up but of course Congress has the purse strings and are no better, really. In a Democracy that is moving toward the lowest common denominator, I expect any President these days will have quite a challenge balancing the budget. Bush had 9-11, Katrina, tremendous flows of illegal aliens and two wars in the Middle East to blow money on. He and congress just bit off more than the American public could chew. It is said that democracy can not survive, as over time, everyone realizes that they want to be on the receiving end and not the ever increasing paying end. We elect those that promise us the most for the least effort. In 2008 if a candidate stood up and said we are going to pay now to get this mess straightened out then they wouldn't have made it past Iowa. In business we have revenues and expenses, same as government. Either we increase revenue and lower expenses or some combination thereof or we go out of business. USA needs more job creation and making it more desirable for those with access to capital agreeable to creating jobs right here in the USA. Therefore lower taxes on capital gains structured properly is great. It was wasteful and very costly to remove capital gains taxes on a personal residence. Tie lower capital gains rates directly to job creation in AMERICA for AMERICAN citizens. It is time to now increase the taxes on earned income for all above the minimum level ($40k or higher) depending on the state. Our government adjust maximum loan amounts by state so why not federal income taxes. Tax the hell out of companies that hire illegals. Even with reasonable tax increases the government must make real progress on the expense side. Our federal government has lost their way; it NOW has to tone down its expenses. Create a more encouraging environment for employers to create jobs, not more on the dole, choose our wars more carefully, and lower our SS payment growth while removing the tax penalty for our elderly that work. Our federal government must get out of state affairs. Protect our country yes, encourage the development of alternative energy while opening the oil pumps to buy us time, be a lender of last resort, help those that are physically unable to work, encourage a friendly business environment to put the rest of us to work and tax us fairly. If we see the federal government showing some control in its spending then we can more easily accept doing our part to help their revenue. Whether the government admits it or not we look to them for direction in our personal life. If all we see is a short sighted me-me-me, overspend and borrow what do we do? What is the message? Spend now; the future is someone else's problem. The greatest Ponzi scheme of all time, called the USA federal government, is coming to a close. The GREATEST depression and/or worse of all time is coming as sure as the sun comes up in the east. If you kinda agree, then live below your means, lower your housing and car expenses, put 5% or more of your money in silver and gold coins, avoid living in areas with high concentrations of illegals, prepare to be able to economically fend for yourself. Big Brother is going to get desperate soon.