Yes and just imagine what that will do to the deficit. What do you think the Chinese Centrla Bank will have to say about all that?
Think they will carrry on buying our bonds? So what if you go 100% cash what good is it if Europe is in turmoil and your bank is shut? Europe is a tinder box.
And how about another does of unemployment? Huh? How about the good voters of Iowa ? Think they are going to happy about their votes of early November when even more of them are chucked out of work?
By all means predict disaster but at least follow it it through other than some charts.