U.S. Economy Debt Crisis, the Smoking Ruin Solution

Economics / US Debt
Sep 15, 2010 - 11:33 AM

By: David_Galland

David Galland, Managing Director, Casey Research http://www.caseyresearch.com/crpmkt/crp ... 192ED0910B writes: Just last week, it was reported that the turnout for the Democratic primary was the lowest in 80 years. While the Republicans are clearly energized by their concerns about the direction the Democrats are taking the country in, the Democrats themselves seem to have decided to forgo the voting process, perhaps in favor of a refreshing nap.

No question about it, the president is in the hot seat.

While I am sure that back in 2008 Barack Obama was one happy camper about having taken the presidential prize, today one has to wonder if that victory has led him to certain bitter regrets.

His problem, the problem bedeviling the government at its highest level, is that there is actually no palatable solution to the persistent debt crisis now gripping the U.S. economy by the throat.

In fact, the only tangible solution might be best termed the “Smoking Ruin Solution.â€