I'm doubt the majority of us understand. With the Obama election, many just voted for "free ice cream", or "black man wins", or "anybody but Bush (and his ilk)"... What we're getting, potentially, is ENSLAVEMENT!! I don't think even the brain-dead partisans understood they might be getting this..
If the politicians, bankers etc. were all on the minimum wage until the national debt was paid off my guess is it wouldn't take very long.
Some of you wing-nuts really are delusional. Why is Obama responsible for the out of control spending, but not Bush? BTW, Austrian economics is not the answer to our problems unless you enjoy living in squalor as your ancestors did 100+ years ago. Good luck with that.
There is close to a 0% chance our federal government will pay off the exploding debt without the 14 letter "h" word. And the only way that will work is if the other counties don't catch on and allow us to keep our debts to them in FRNs.
Move your Money to Angola and your Body to Hong Kong. Better hurry though, the folks who pull the Manchild's strings are already there. Follow the GOOD assets.