The majority of people that can afford to have any significant amount of gold are the ones that are paying less taxes thanks to Reagan and Bush, especially those in the top 2%.
The deficit really took off as the wealthy stopped paying the 70% of their income that had been the norm Pre-Reagan. Contrary to the hopes of many, they are NOT investing the money they are saving in America. Instead they choose to send jobs overseas and horde money they don't even need.
We now have a deadlocked Congress thanks to the lobbying that is paid for by the top 1% or by the corporations for which they serve on the board. We also have unlimited contributions to political campaigns local and national to insure that nothing gets done in Congress in the years to come, and any attempt at change will just get watered down.
The only "growth" investors are currently hoping for is in profits. They could care less how those profits are earned. For example, its pretty easy to move a plant to China and layoff Americans to please stockholders. Worse still is many of the stockholders now don't even reside in the United States, yet are investing in our elections.
I sure hope people are going to figure out this is not a Democratic or Republican issue. We need to take back our election process, and send the lobbyists packing. This is not Obama's fault, or Boehner's fault or Pelosi's fault or the Fed's fault. It is a problem with the political process being hijacked. Until people understand this we are going to be in a period of tough times for the middle class and America as a whole.
Read more: http://www.businessinsider.com/facts-about-the-deficit-2010-3#13-a-trillion-10-bills-if-they-were-taped-end-to-end-would-wrap-around-the-globe-more-than-380-times-thats-still-less-than-the-national-debt-13#ixzz12Sywp9MP