One more thing to worry about - the economy

Matthew Gross has posted this graph, which is pretty darned dramatic. Home equity loans have been the principal source of the strong consumer spending in recent years (since incomes weren't going up). With the spiggot turned off, the economy can only follow.

As a political matter, we may be heading for the "perfect storm" where everything that possibly can go wrong does go wrong. The only benefit may be that we weaken the thugs who are running this government, but otherwise what's happening right now is certainly not good news for the country.