The Devalued Prime Minister of a Devalued Government

This video has been making the rounds (HT to Fraser Spiers) and despite the speaker being a British conservative and me being basically a pinko Commie socialist, I agree with what Hannan says: you cannot spend your way out of recession or borrow your way out of debt.

Maybe if conservatives here were more like Hannan and less interested in foisting a Christianist manifesto on the world, I'd pay more attention.

Heads on pikes

If all the events of the last few months haven't kindled some righteous indignation over the train wreck our economy is becoming, Matt Taibbi's The Big Takeover in the latest Rolling Stone should get your blood boiling.  I wonder how our version of the storming of the Bastille will play out...