DJofSD
10-26-2012, 10:16 AM
An Op-ed piece (http://www.washingtonpost.com/opinions/us-risks-falling-off-a-global-cliff/2012/10/25/38cdc85c-1ebe-11e2-9cd5-b55c38388962_story.html) at the Washington Post from Bill Gross.
The popular TV series “Breaking Bad” may be an appropriate analogy for the U.S. “fiscal cliff” and ongoing debt crisis. In the show, a chemistry teacher is lured into producing crystal meth. As the title indicates, his middle-class life turns from a temporary high into something much worse, the conclusion of which viewers will learn next year.
Washington, it seems, has a similar story. Hooked on the temporary high of tax cuts and increased entitlements over the past several decades, the nation’s capital is approaching the end of the line traveled by most addicts: Reform, or suffer the consequences.
The popular TV series “Breaking Bad” may be an appropriate analogy for the U.S. “fiscal cliff” and ongoing debt crisis. In the show, a chemistry teacher is lured into producing crystal meth. As the title indicates, his middle-class life turns from a temporary high into something much worse, the conclusion of which viewers will learn next year.
Washington, it seems, has a similar story. Hooked on the temporary high of tax cuts and increased entitlements over the past several decades, the nation’s capital is approaching the end of the line traveled by most addicts: Reform, or suffer the consequences.