Ron Paul on target

"I think it is part of the game to make sure everyone is fearful so we continue this process. Long term, I think raising the debt limit is a negative because it delays the inevitable. It will give us much bigger problems down the road. Today and tomorrow, if Moody's does not lower the bond rating, it will be helpful in the short run. In the long run, it will be more devastating because Congress will go back to their old habits again." Zero Hedge covering

Ron pointing out that US politics is designed to pile debt service onto an unsuspecting middle class.

Here is another, spotted by Carpe Diem:

From today's WSJ, Nobel economist Robert Lucas asks:

"Is it possible that by imitating European policies on labor markets, welfare and taxes, the U.S. has chosen a new, lower GDP trend? If so, it may be that the weak recovery we have had so far is all the recovery we will get.

If we're going to move to a European welfare state, we're going to have to pay a European price." Here

Is this possible? For a time, but the shadow economy will grow in America and official socialism will be abandoned.