[Orangedog]

I didn't say it would work. Just that it is the easiest way for the fed to get around the massive entitlement and debt situation. It's either that or stop sending out the social security checks, and that would be political suicide.

[djf]

What I mean is, it's not just the people who have an "escapist" attitude, it's the banks too. They don't complain about NAFTA and GATT, or jobs being shipped offshore. They could very well use their leverage to prevent some of this. But they don't. And they think some 800 Sqf house in the Bay area is worth 900K? Get real. It's not the single-mom waitress at the local greasy spoon making 5 bucks an hour that's gonna buy the next 400K house that gets built. All these forces oppose each other, and it looks like some type of critical mass is near.