The Eurps are reaching out to the US to cover the cost of bailing out the Greeks, and Treasury Secretary Geithner and Fed Chairman Bernanke seem ready to do so to the tune of another two trillion dollars added to our already stratospheric debt. Pouring more money down the Greek rathole is like trying to remove the fly from the old lady’s stomach. We all remember the one about the old lady who swallowed a fly, then swallowed a spider to catch the fly, and so on. Well, the old lady is not Greece, Greece is the spider, and the old lady is the European Union.

 

 

There was an old lady who swallowed a fly

I don’t know why she swallowed the fly

Perhaps she’ll die.

There was an old lady who swallowed  a spider

That wiggled and wiggled and tickled inside her

She swallowed the spider to catch the fly

Perhaps she’ll die

There was an old lady who swallowed a bank

That teetered and tottered and then it sank

I don’t know why she swallowed the bank

Perhaps she’ll die

There was an old lady who swallowed a France

That rumbled and grumbled and then left the dance

I don’t know why she swallowed a France

Perhaps she’ll die

There was an old lady who swallowed us

We opened the vaults without any fuss

I don’t know why she swallowed us

Perhaps we’ll die

 

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