Unicredit, Italy's largest bank, is in trouble, in part because it loaned money to governments who spent it without return. There is massive capital outflow from Greece and all across Europe, the social programs that people have relied on, rightly or wrongly, are being slashed. Stories of human suffering from these budget cuts are only just starting. The Euros spent too much, borrowed too much and promised too much.
So did we. The same thing is coming to America. Johnson's Great Society, Bush's Compassionate Conservatism and Obama's infantile concept of the role of government were lies built upon borrowing future spending to feel good about ourselves today. It's all coming to an end.
The next president is going to have to put a stop to major social spending programs. He's going to have to say "No" quite a lot. Because big-government supporters spent the money we could have used to take care of the truly needy, there are going to be a lot of truly needy people out there who will truly start needing very soon. The next president is going to lead during a time of austerity.
Right now, our choice looks to be between a complete idiot who can't tell a freight train is about to hit him and this guy:
Romney / Obama is a recipe for societal conflict.