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News Link • Government Debt & Financing

James Howard Kunstler: The Amazing Dissolving Nation

Going broke fast is a very compelling problem. For ordinary people it tends to induce chicken-with-no-head syndrome - a mad burst of pointless locomotion ending in sudden collapse. If the US debt ceiling is raised - which I think is a 90 percent bet - there will be a sigh of relief that resounds from the lobster pounds of Penobscot Bay to the parking lots of Silicon Valley... and poor dissolving America will still be stuck in its essential predicament of being broke. So a lot of pointless locomotion will continue in the form of positioning among a troop of clown candidates for the dumbshow of the 2012 election. I wonder lately whether that election will actually happen.

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