Why it may be all over for America, no matter what we do
Imagine if you took several million police, firefighters and
teachers, lined them up against a wall, and read the following:
The $60,000 (or so) salaries you’ve been getting, forget about
it.  We’re cutting your pay to something more like $10,000 to
$20,000.  No vote, no appeals, done deal.  Doesnt sound pretty,
does it?  Yet, what if you took several million widows, lined
them up against a wall, and said:  The $60,000 (or so) income
you’ve been getting on your savings, forget about it.  We’re 
cutting your pay to $10,000 to $20,000.  No votes, no appeals,
no nothing.  The thing is, the widow story actually happened. 
In January, 2008, the yield on one-year treasuries was 3.17%.  
By year end, it was 0.37%.    Today, it’s 0.23%, or 23 percent
of a percent.  (Historic yield curve data is here:
http://www.treasury.gov/resource-center/data-chart-
center/interest-rates/Pages/TextView.aspx?data=yield  It may be
that you just don’t care about risk averse fo