I'm wondering, with the devaluation of the dollar oversees, the current debt and running deficits... how are we planning on fixing Social Security... you know that elephant's still in the room.
Obama needs to reverse the spending spree, not pile on.
The drop in the dollar's value (relative to foreign currencies) reduces the import deficit and helps US industry by making US products more affordable to other countries.
Other countries are contemplating intervention in their currencies to reduce this effect. They're looking at devaluing their own currencies to preserve their own export markets.
Re Soc. Sec. That's a two-edged sword. An incentive exists to stimulate the economy and get more workers paying taxes. The alternative to running up a debt (in the process of stimulating) isn't that good either.
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