But the hole we have to fill is much deeper and the global aftershocks are much greater.
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Not only is borrowing higher, but the hole in the economy is also worse than it was then.
But the hole in the public finances has expanded to absorb it.
The Plan A drill -- a mining drill -- reached 148 meters (486 feet), but the hole it was drilling would still need to be widened to 70 centimeters (27.5 inches) to accommodate the rescue capsule.
In power since December, its new government has moved quickly to reform the labor market and cut public debts, but the total hole on the balance sheets of its banks has remained the big unknown.
He had another chance from 12 feet at the first play-off hole but the putt slipped past the left edge of the hole.
But the great gaping hole in the idea to me comes in two parts.
Gidleigh has no golf course per se, but the 18-hole putting course is one of the prettiest anywhere--with lily ponds and clusters of azaleas--and the property has enough allure in itself to keep a guest happily on the grounds for a weekend.
Harrington was set to capture the event on the final day but choked on the 18th hole, hitting two consecutive balls into a creek before a nifty chip and putt for a double bogey that put him into a playoff against the Spaniard Sergio Garcia.
Poulter stretched that lead to two shots by the sixth hole but four bogeys in the next six saw him one behind the Irishman.
He lost a play-off to Jim Furyk for the Heritage Classic at Hilton Head on 18 April after calling a two-stroke penalty on himself at the first extra hole, but the 35-year-old remains confident that his persistence will pay off.
Then they both parred the difficult 18th hole, not once but twice, in regulation and the first hole of the playoff.
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Mr Hammond said this presented "challenges to confidence and morale" but the "black hole" in finances had to be addressed.
But closing the donut hole is a terrible idea that will drive spending upward, and only 6 percent of seniors were affected by it anyway.
But at the final hole she drove into the water and then hit her fifth into the grandstands to run up a quadruple bogey eight, leaving her in a share of sixth.
We're nowhere near the top of the hole, but we are scrambling up the side now, and we can sort of see light way up there.
Right now, the company says, it has removed that mud from the hole, but it believes that barite from the oil-based mud has blocked the flow.
Well that will be determined by a supposedly swift probe by the Financial Services Authority - but the Governor Sir Mervyn King said the hole needing to be filled would be "material".
But the heat also burns a huge hole in the global non-proliferation regime.
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Colin Montgomerie carded his third successive round of 72, leaving a putt for par on the edge of his final hole, but made the cut by a solitary shot at level par.
It shot up through the hole and onto the surface, obviously ruining the hole, but at least not claiming any lives.
But that only covers his production costs, meaning he won't be in the hole, but he also won't have any income this year.
This fact has long since been conveniently dropped down the memory hole, but in 1993 virtually all of the leaders of the gay political establishment were fiercely opposed to the idea of gay marriage, and they vilified as sellouts those of us who supported it.
It is a solid resort course, with ample fairways and little in the way of penal hazards, with water seriously in play on just one hole, but the tall thick native grasses are much tougher than the wispy rough of the British Isles, and while the greens are not crazily undulated, they have plenty of tricky pin positions.
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Newbridge succeeded in finding new investors but could never fill the hole left by Gilbert's departure.
But still on the last hole, both McDowell and Furyk were just one shot behind Simpson.
Most of the water pumped down stays within the hole and the shales, but perhaps a quarter does not.
But then comes the 4th hole and the mention of Myra.
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