I think we’re in trouble


cartoon by Tony Auth via Slate

“A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.”

Paul Krugman, NYTimes

link below to the rest of Paul Krugman’s column in the NY Times

http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html?src=ISMR_AP_LO_MST_FB

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