I think what many fail to understand is that there is little difference between the 2 parties anymore. In the end it really doesn't matter who gets elected or who has done what. They are all the same. Get into office and promise anything to get there. Once there make as many deals with big business as I can and enrich myself and my family as much as I can without getting caught. When reelection comes up talk about all the great things I did (Doesn't matter if their true, noone checks anyway) Then repeat the cycle.

Now where has this gotten us? Over 10 trillion in debt, 55 trillion in unfunded liabilities with SS, medicare and medicaid and the prescription drug bill. Who's making all the money from this? Health care, military industrial complex, and drug companies.

Oh and after the close of business today Paulson announced the government would be taking over fannie and freddie. Add another 5 Trillion to the taxpayers.

Just a s a point of reference, the GDP for the US is around 12 trillion. That's in a good year. 71% of the US economy is consumer spending. Consumers are pretty much broke and the credit they used to have access to is gone (Their homes)

Of that GDP number aprox 3 trillion is collected in taxes. So we have 70 Trillion in debts and 3 trillion a year to pay them off. Oh and of that 3 trillion a year 600 billion is used for the military. So if the government did nothing else and there was no interest on that debt then it would take them maybe 30 years to pay that off. Unfortunately there are a lot of other needs and uses for that money every year.

Bottom line is there is only one way out other than telling the rest of the world we default. Bernake will have to print money and when he does look out because inflation will ramp up and ramp up fast. Make sure you have some gold and silver. Buy some put it away and forget about it until you need it. Its not an investment, only protection from inflation and quite possibly hyperinflation.

So, this is why it doesn't matter which party is in office. They will both be managing the same problem. You can also look back into past years and past problems and noone can agree who was to blame. Thats the beauty of Washington. There is no accountability.