Bumper to Bumper

We’re driving bumper to bumper with every other major economy today, so misbehavior or mistakes anywhere can cause a global pileup.

Friedman has been drinking R. Kool-Aid. We are not broke until interest exceeds income. See Krugman's blog for statistics.

Europeans Fear Crisis Threatens Liberal Benefits

The deficit crisis that threatens the euro — along with an aging population and low growth — has undermined the sustainability of Europe’s standard of social welfare.

Greece is broke. Spain is broke. Britain looks broke. Estonia is broke. Portugal is probably broke. Italy has been broke for decades. France ? Scandinavia, maybe not.

The Debt of Socrates

Even at the dawn of western civilization, a demand for higher pensions and more services.

Allegorical fiction. So labelled. I find I really don't care if it is correct as to facts. I doubt that it is.