Noted for the Record


While the insiders wax indignant and loudly proclaim their outrage and injury (while, at the same time, studiously ignoring those truly injured by their childlike conduct), Krugman reminds us that the rug could get pulled out from under us--or, if you prefer, we could find ourselves about three feet past the end of the cliff before we realize it--at any time.

You know, the "terrorist threat" is actually the convenience of a realitively high standard of living. In other words, terrorism will far pretty far off the radar screen if/when it becomes a REAL challenge to pay the mortgage note...

Just saying...