I cannot believe the average American is not concerned about the annual 1.3 trillion dollar deficit. By the end of obamas next term, debt will be northwards of 20 trillion dollars. The average American thinks taxes on the 'rich' will automatically fix the problem. Worse still, the liberal media always quotes obama's so called deficit reduction initiatives as a number over ten years. Even if the us government confiscated the entire s+p 500, only 13 trillion would raised. I am actually more bullish about Europe than the us because it is being forced to deal with its problems (unlike the us which continues to borrow and print). Once it does, people will not want to hold us dollars and the catastrophe will come. By then Obama wil be retired and the new president will get the blame (in the same way Clinton escaped blame for the subprime crisis)