"The Fed has enabled Congress to avoid confronting the fiscal mess for 12 years and has promised to do so for the indefinite future. With an unlimited credit card and Zero interest, why even bother?"Because, the Fed does NOT have the ammo to keep rates low for the long term. The ONLY reason rates are low right now is because America is still considered the save haven for dollars.Once the economy picks up and it will despite Obama or whoever is president, the Fed will have to raise interest rates to fight inflation. Once inflation kicks in the place to be for dollars is the stock market. This too will drive the interest rates up, because dollars will move away from bonds. And this will drive the sovereign debt crisis. It's a no win situation and the Fed is lying by not being honest about the dire straits America is in.
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