>>>Germany has sold €3.9bn of six-month bills at a negative interest rate.
>>>
>>>Thats really not a good sign.
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>>There is no good economic news coming from Europe. I just hope Angela and her spanky boys don't talk the rest of the continent into choking off government spending. That will be the surest way to pull the region into a new depression and probably us along with you. It happened once before.
>
>We're busy enacting the spending cuts so beloved of the Republicans here. With predictable results.

We but teach bloody instructions, which being taught return to plague the inventor.

The Republicans here are barking up the wrong tree in chorus. All they care about is reducing the debt. The analogy of government debt being the same as family debt is entirely false. Our limping economy needs the government spigot turned on. We can pay down the debt -- and we should -- when the economy is healthy again. At the moment what we need is spending. Fuel for the machine.