[DVaut1]

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At least that is what you people are desperately hoping for.

My thought exactly. Its amazing what people think will just go away or solve itself. For some reason, most people get the idea that the U.S. system is invulnerable to catastrophic failure because...well, because it hasnt happened yet or because the doomsdayers have always been wrong before, etc.

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Good post. I think this is an excellent explanation why some here, as well as some in government, need to become better acquainted with Gambler's Ruin/RoR.

I'm more than willing to accept that the national debt and budget shortfalls might not be disasterous; but I won't accept "ain't never happened before" as a cogent argument to turn a blind eye to such problems.