Takes a long time to turn around a large oil tanker.
IMHO, The US govvies will decline 2013.
Monetizing US debt to pay for US gov spending is irrational exuberance at the highest level.
Minting Money to pay down old higher interest rates and buying new debt with money minted by the Federal Reserve is governmental incompetency.
I am Short US debt for 2013.
This is a very inflationary action and the US Gov hides inflation by disallowing food and fuel costs in the inflation statistics.