Yglesias to provide universal Bond insurance

A European-Style Fiscal Crisis Is Impossible in the United States of America

He declares, and to prove it he is going to take his puny liberal blogger fee and guarantee all $15 trillion of our federal debt.

I am from California we use the term Greek style crisis, we name our politics after Greece precisely because of the debt crisis. We need negotiations between investors and Treasury, before we issue debt, just like the Greeks. In California, we are fucked, just like Greece, we need other states to fund us, just like Greece. Yglesias hero Brad DeLong is likely going to give up defined benefits to make the California budget work, just like Greece.