What Washington really fears: being out of money and out on their ass.

That’s pretty much it in a nutshell, isn’t it/

Via Bob Krum:

“Conventional wisdom on both sides of the Atlantic is that an immediate failure to address the liquidity problems faced by both Athens and Washington will plunge the world into a new era of darkness. Conventional wisdom, as it so often is, is wrong. The problem is not illiquidity; it is insolvency, and it is a problem shared to some degree by not just the governments of Greece and the US, but by most Western nations around the globe.”