Tuesday, March 14, 2006
Be (more) afraid, be very (more) afraid
This article about the "current account deficit" (the astounding imbalance between the flow of dollars into the US and the dollars out) is indeed scary. It's beginning to look like the glacier thing, where the process becomes irreversible because its continuing behavior fuels accelerating behavior. There's talk, these days, about so many "tipping points"--in Iraq, in the economy and the environment--that one wonders whether the Democrats are awaiting post-tipping-point in order to act on anything. In fact, one doesn't wonder. It's clear, from the Democrats' tepid reaction to Senator Feingold's resolution to censure Bush for his illegal wiretapping activities, that there are only a few people in that party who are actively trying to save America, as opposed to saving their own chances for re-relection.