Monday, May 14, 2012

The price of debt

When it hits, as with the housing crisis, the consequences of in-over-your-head debt are cataclysmic, and almost impossible to ameliorate. 

The WaPo tells us here the practical fallout from Spain's debt crisis.

Slowly, inexorably, painfully, we are descending into the crisis that consumed Greece, and is vexing Spain, Italy, Ireland, and, indeed, the entire European continent.

Our leaders see it, but seem incapable of addressing the problem.  Let's help them with more Tea Party Senators!

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