The FT calls it "American Roulette"….

That’s the headline in the paper edition. The on-line article is here. Behind the firewall, the Chronicle of Higher Education weighs in with what a default would mean for colleges here.

For public universities like Mason, the problem is likely to be in what happens with on-going sponsored research, Pell grants and to a lesser extent the George Mason University Foundation portfolio.

On August 2 (D-Day as default), I’ll be on my way to the MBL in Woods Hole for my annual stint. Sometimes the best way to get perspective on what goes on here in Washington is to get away from it.