Saturday, July 02, 2011

Indebted - Mark Steyn: "Obama's Declaration of Dependence" "On Independence Day 2011, debt-ridden America is now dependent, not on far-off kings but on global bond and currency markets, which fulfill the same role the cliff edge does in a Wile E. Coyote cartoon. At some point, Wile looks down and realizes he’s outrun solid ground. You know what happens next."

Yeah, well I know and I suspect that Tim Geithner knows, but I don't think the guy at 1600 Pennsylvania has a clue.

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