On a billboard near my office there’s this ad for a pre-drained can of tuna. How did we get to the point that letting water out of a tin of fish is so burdensome we yearn to be free of it so, at last, we can begin to live?
It’s funny what gets people’s attention. A few thousand feral rioters try to smash everything in London they can’t steal or burn and suddenly everyone’s worried about the direction our lack of civilization is taking. You may be thinking those riots were pretty major. But not compared to 40 years of social and economic dislocation that led to them.
Some days I wish I was Finance Minister. I’d just get a fog machine, a kazoo, an air horn and some duct tape and I’d be ready for anything.
OTTAWA – While NATO struggles even to dislodge Moammar Gadhafi, Syria’s bloody regime poses larger challenges. Repressive and poor, aggressive and incompetent, it is a case study in Middle Eastern political dysfunction and Western helplessness.
When people go rock-climbing they all tie into a rope for safety. But you also have to tie the rope to the cliff or it just guarantees that a slip will pull everybody down. I bring this up for the particular benefit of the European governments clinging to a ledge on Debt Mountain roped together by a Euro bailout plan.
OTTAWA – How bad is Canada’s debt? By some measures we’re laughing here.
Our federal debt is about 35% of GDP while the U.S. passed 100% on Tuesday, and Ottawa’s deficits are only 2% of GDP rather than Washington or London’s staggering 10%. But let me try to wipe the smile off your face.