In regard to deficit, the CBO says 9.5 trillion in deficits over the 10 years. That’s an average deficit of 950 billion, a decrease of 400 billion from the 2010 deficit. Both sides have promised further reductions in the deficit. Both sides have called for a cuts in corporate taxes, which should be a help. So no, I don’t think financial disaster is ahead of us. As far as inflation goes, we've seen it over 10% and have come back just fine. I can remember when inflation of less than 5% was considered healthy. Inflation is now 2.11% including the run up in food and gas prices. Will we have inflation? You can count on it, but that doesn't mean financial disaster. Whenever you quote U6, you are not quoting actual unemployment. You including people that are employed part time and people that are discourage and not looking for a job. U6 is always higher than U3, the standard reported unemployment rate. A few years ago when Bush was in office, Republicans raved about the low 4.6% unemployment and Democrats sited U6, "the real unemployment rate" as 9%.