How can it be that we all get it and congress and the American public don't? Or maybe the American public do (after all we are the American public) but just the politicians don't. And they never will until it slaps them in the face (I thought it just did)...
A large portion of homeowners are upside down are are willing to live with the prospect of massive inflation if it props up real estate prices. Inflation is a tax and it is going to fall disproportionately on those who live within their means. Those who can afford their mortgages are screwed. Or don't have mortgages are getting screwed. More than any other reform we need to get the money out of politics. We need politicians who can't be bought by wall street and foreign governments. Obama is turning out to be just another joke. His change is towards more rapid inflation. The most penal tax he can engineer. Progessive tax rates and massive inflation equals back door socialism.
Of course the politicians get it. They're in on it. The sheeple watching TV believe whatever sounds good from that tube.
You all should mention this to your State legislators.Then pray that Napolitano is correct in his appraisal of likely voting.This could be the start of the re-birth of a true Republic.I might even want to live there after you emerge from the coming collapse. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/vsuz8jL5Xes&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/vsuz8jL5Xes&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>