Debt ceiling stalemate

A cartoonist with the Ottawa Citizen of Canada has published a cartoon about the USA’s debt ceiling stalemate.   The cartoonist has drawn a picture of President Abraham Lincoln sitting in a chair similar to the Lincoln Memorial in Washington.   Lincoln is reading a newspaper headlined “DEBT CEILING STALEMATE”.  The dialogue has Lincoln saying, “OH GROW UP!”     The Canadian cartoonist may be reflecting the feelings of many Americans and others as the deadline for avoiding a debt default approaches.  Are there any similarities between the exaggerated gloom and doom predictions of Y2K and  forecasts of what will happen if the USA defaults on its debts?  Are they as false?  As some Congress members and the President continue to play chicken, we may soon find out if enough of them will “grow up” and reach a compromise before August 2, 2011.  On the other hand, if they don’t “grow up” we may find out if the gloom and doom predictions are as exagerrated as they were for Y2K….or we watch as they come true.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: