Well, the midterm elections are finally over. The Republicans managed to hold on to the U.S. Senate, but the Democrats took control of the House. The “Blue Wave” was more like a “Blue Ripple.” To me, it smells a lot like gridlock, which is generally good news if you’re a person who favors smaller government. Gridlock means very little will actually get done in Washington D.C. The government not doing anything – well, that doesn’t sound so bad.
But in his most recent podcast, Peter Schiff brought up a potential problem with a divided government. We will likely end up with even higher budget deficits.
