Saturday, July 30, 2011

Over the Debt Cliff

I doubt that August 2 will be a financial Armageddon, a quick fall over the cliff to destruction on the rocks below. More likely it will be a slow motion tumble with each roll breaking more bones, causing more damage much of which will never heal quite right.

Think the economic equivalent of the Jack and Jill nursery rhyme except they didn't fall, they were pushed by Tea Partying Republicans. Jill's injuries will leave her confined to a wheelchair. Jack's "broken crown" will cause permanent brain damage and put him in a vegetative state coma.

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