Share this story Close X Switch to Desktop Site  US economy in a
self-made vise  (Read article summary)  Photo
illustration/Newscom/File  (Read caption) The US put the economy
into a vise by borrowing to fund bailouts. Now, it has to stop.
About these ads  Stocks rallied Tuesday. The Dow rose 213
points. Gold went up too – plus $9. So many people are buying
gold coins that the storage vaults are getting crowded, says a
Bloomberg report.  But since we don’t trust the numbers
anyway…let’s return to words.  Vise is a funny word. It looks
like it should be pronounced like ‘vies’…but it is actually
pronounced like ‘vice.’  Whatever. The New York Times says it
has a grip on Congress.  On the one side, the pols are pressured
to cut deficits. On the other, they are pushed to create jobs.
Of course, the TIMES misses the point. It makes it sound as
though Congressmen were just innocent, well-meaning schmucks,
trying to do their best to resolve conflicting pressures.  Not
at all. They’re the ones who built the vise. O