My colleague Glenn and I were talking politics yesterday. A friend of ours is in the Marine Corps, and the skinny is that the whole Iraq thing is likely to last another six years. We both feel the economy is still in the toilet, whatever the numbers might say. With gas now $2.15 around here, and likely to jump to $2.50 in the near future, and spending on gas highly inflexible (you know — commuting to work, getting groceries and such), there’s going to be a whole lot more use of consumer credit and indebtedness. The whole system is beginning to feel like a house of cards, and next year our ninth grade is going to be smaller than this year. That’s significant, because a lot of kids are not returning because their parents can’t foot the bill. This is not good.