My wife and I try not to go shopping together. Whenever we do, we end up buying something that neither one of us would have had the nerve to bring home and try to justify the expense to the other. Somehow, that sense of well-being that comes with spending money you don't have on something you don't need just overwhelms us.
Seems Congress is the same. Whenever the prospect of throwing a few hundred billion at something comes up, partisan lines dissolve and it all gets approved in a day. Just say the word "crisis" and follow it up with "it'll cost billions to fix" and they're at the table, pens ready. Now even those who think that free health care is "Socialism" are eager to buy every bad loan in the country at some arbitrary price that might or might not be even close to their actual value. Isn't the government going into the property business "Socialism?" And didn't we just finish committing $3 trillion dollars to an unnecessary war? Now another trillion or two is going to go to bail us out of the mess that de-regulation built. Did I miss something?
Oh, and where are all these trillions coming from? All those countries round the world that are in to us so deep that they can't afford to see us fail. Ermm, does that sound familiar? Who do they think is going to bail them out when we start defaulting on our national subprime lending?
The old "always a bigger fish" is only true until you get to the biggest fish of all. And we're getting mighty close.
I'm having trouble these days trying to decide whether to put my money on global warming or global financial meltdown as the ultimate cause of H. Sapiens going the way of the dodo. Either way, I'm hedging with a fat investment in global stupidity.
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