The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings — ‘yes, the financial markets might destroy us, but how can we cut this or that worthy cause’ — don’t cut it. They have fallen into the out of paradigm world that takes it as gospel that the U.S. is at imminent risk of becoming the next Greece; where financial markets can cut off funding and ability to spend and force the giving up of national sovereignty and begging for an IMF bailout, or else, face the option of default or printing money, which launches one down that slippery slope to hyperinflation… bla bla bla…