Op-ed by Tom Saler, includes “The thing about tipping points is that you never quite know where they are until you, well, tip. Since the current debt super-cycle began in the early 1980s, economists and investors alike have fretted — intermittently, at least — over the size of the federal budget deficit … Robert Louis Stevenson once cautioned that ‘sooner or later, we all wake up to a breakfast of consequences.’ Nice line, but is it true for an economy built on staggering sums of fiat money?”