Via Catallaxy. Even though the ethically challenged red headed liar and her incompetent ministers haven't managed to place Australia in such a bad position give them time and they surely will. As for the US well it seems to me that the only way they can get out of this is to inflate their way out. That will create all sorts of other problems but I can't figure out how else they can do it. Hmmm now how will large US inflation affect our economy?