slacktivist: The United States of Arbusto

aka: the impending collapse of the US economy/dollar

There is no better example of the media's inability/unwillingness to take numbers and ideas seriously than discussion of the US deficit and its long-term implications for the relative value of the US dollar.

The US deficit is exploding, partially due to Iraq, but mostly due to increased defence expenditures [Star Wars et al], the cost of the new prescription benefits, which will be far higher than anyone ever believed, and Bush's complete inability to reign in government spending.