Bury Your Head In The Sand

“A financial crisis by definition is a sharp abrupt, unexpected decline in asset prices.” So says Alan Greenspan.

In the jargon of MBAs and Economists, perhaps. But in American households, a "financial crisis" is oftentimes cause by the lack of revenue and/or reckless spending. It's easy to look at one's bank account and say, "At this rate, we will be broke in three months."

I'll bet if you looked at America's balance sheet, Alan, you would be able to predict when revenue (taxes) would be surpassed by spending (on wars and bailouts). But I understand why you would not dare to look at America's balance sheet: plausible deniability.