Saturday, July 30, 2011

Watching A Slow-Mo Train Wreck

Tom Oleson

The United States appears to be on an inexorable march toward financial disaster. That might not be so bad in itself -- in fact, if that were all that's involved, a lot of Canadians and Europeans would happily buy tickets to watch America go over the edge, envy being the deadly sin that it is.
But that's not all that is involved. Canada -- in fact most of the world -- is tied to the United States like prisoners on a chain gang. Once Washington steps into the abyss, it is very likely it will pull the rest of us with it. China might be able to hang to a rock, but for Canada and everyone else, the world could be quite a different place after Aug. 2 than it is today, and not nearly so pleasant a one. . . .

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