Tuesday, December 28, 2004

Toto's revelation

Paul Krugman used a great axiom the other day, which I had never heard. He said, "Situations that can't go on forever don't". I'm paraphrasing, but you can hear the quote here, where you can also delight in one of our Dear Leader's best impersonations of a moron:

Paul Krugman on Social Security, the Decline of the Dollar and Healthcare

This story, which appeared in the Los Angeles Times, might be evidence that investors are starting to loose faith in an economy that is piling on debt, incurring ever-larger trade defecits, foolishly maintaining the Bush budget-busting tax cuts, and spending like sailors on leave:

Further pressure on the dollar

There is a financial crisis lurking, but it isn't Social Security. That is just a curtain awaiting Toto's revelation. Bark Democrats. Bark.

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin