The Gold Standard 

Catastrophic.  What if federal interest obligations were, suddenly, to double -- or worse?

The Wall Street Journal, in its lead March 12 Review and Outlook, "Uncle Sam's Teaser Rate" observes:

If the government had to pay the 5% rate that it was offering before the financial crisis on today's debt, the annual interest payments would be $535 billion, twice CBO's projection for total federal spending on Medicaid this year. If Uncle Sam had to pay 6% on its debt, the annual interest payments of $642 billion would Read more

Paul Ryan's plan won't succeed without legislation to prevent the Federal Reserve from monetizing the national debt.

No man in America is a match for House Budget Committee Chairman Paul Ryan on the federal budget. No congressman in my lifetime has been more determined to cut government spending. No one is better informed for the task he has set himself. Nor has anyone developed a more comprehensive plan to reduce, and ultimately eliminate, the federal budget deficit than the House Budget Resolution submitted by Mr. Ryan Read more

Under the gold standard, the immense national debt could be refinanced very long term...

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The runaway momentum of federal expenditures is threatening this country's very independence.

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