[Arthur McGowan]

This means the cost of debt service for the government will explode.

All according to Cloward-Piven-Soetoro.

[lepton]

Yep. The economy is so messed up that a better economy can be devastating for the economy.

[Mariner]

"This means the cost of debt service for the government will explode."

Never underestimate the will or the power of the Fed. Their traditional two goals have morphed. Now they are:

1. Keep the banks liquid and solvent, no matter how many bad loans they make.

2. Keep the US Government liquid and ensure interest rates do not rise.

They have no other objectives.

These "economists" must be living in "reality world". It's silly to predict the actions of the new Fed based on that point of view.