A poster on LATOC succinctly stated that the US gov't is the next bubble to burst. He/she is correct. Everyone has wondered what the next bubble would be. After the tech stock bubble burst, Greenspan rescued the US from recession by creating the housing bubble (flooding the markets with cheap credit). Everyone falsely believed they couldn't inflate their way out of this one, but as these bailouts show there is one last bubble to burst, and that is the bloated US gov't. When that bubble pops, all hell will break loose.
Its so obvious now with the bailouts, wars, unfunded liabilities etc of the US gov't's time is limited. Again, add these recent bailout liabilities to the warnings of David Walker, former head of the US GAO, and one can see that bubble will pop, sooner rather than later.