At this moment (I can't answer for it later in the day) our public debt stands at 141% of the Gross National Product. But, with the fine work they're doing now, the whores in Sodom on Potomac can surely do better than that! Zimbabwe still owes more debt than we do. We can make #1 easily enough at the rate we're going.
Add household debt (highest in the world at 99% of GDP) and corporate debt
(highest in the world at 317% of GDP, not even counting off-balance-sheet swaps
and derivatives) and our total debt is 557% of GDP. Less than three years ago
our total indebtedness crossed 500% of GDP for the first time."
Add the
unfunded portion of entitlement programs and we're at 840% of GDP.
Now, we suckas and rubes out here in the real world still cling to that quaint notion that we have to balance our checkbooks. That we must spend less money than what we have. That if we keep borrowing to pay earlier debt and then borrwoing more to cover the last loan, eventually it all collapses. Eventually a guy named Vinnie comes and breaks our kneecaps.
Since our intellectual betters up on the Hill and in the Whitehouse have all the troops, guns, tanks, and planes, they don't have to worry about Vinnie. But being the dedicated public servants that they are, they still diligently tried to reduce our debt this past year. They tried spending more money, then increasing the amount of money they spent, and finally spending money like a drunken sailor. But golly gee, none of those tactics reduced the deficit in any way. In fact, they increased it. But as we speak, Geithner, Obama, and Bernanke are considering a brilliant new strategy known as, in technical Federal Reserve jargon, "shoving more money down the rat hole."
But not to worry, boys and girls. We now have health care "reform" that will somehow greatly decrease the budget by spending more money. It is the answer to all our prayers. Really. You can trust them this time. Go ahead and kick that football to the moon Charlie Brown, good old Lucy is holding it this time.
I know it will magically reduce debt because I saw it on TV last night. With the vote coming up fast and hard in a neck and neck tied race, they are pulling out all the stops and hammering us with a full court press. Every other commercial was for the new healthcare "reform" bill. This from the same networks that refused to air a paid anti-healthcare "reform" commercial, and especially the one that gave Obama his free one-hour infomercial to pimp his non-existent plan. Not that I watch much TV, but I had to leave the room. Those commercials were really something.
"This healthcare reform bill was perfect, even before we completely re-wrote and amended it umpteen times. Just think how perfect it is now! You will be treated for anything, any time, for free. You will pay absolutely nothing! Doctors love it! Senior citizens love it! Nurses love it! People who breath love it! Domestic animals love it! All the fishes in the deep blue sea love it! You too should love it, you doubting nay-saying piece of crap.
Under our bill, the national debt will magically be reduced by 243 hillion jillion dollars, without cutting any benefits of any kind. You can keep your existing doctor. No government bureaucrat will ever interfere with your medical choices. Ever. No death panels. Medicaid and Medicare will be as safe as the day we implemented them and will never let you down.
But wait, there's more! It's not found in any store. Vote now and you also receive this dandy set of Ginsu knives! Our bill will cure male pattern baldness and sunspots and soybean aphids! All children get free puppies and cotton candy! Adults can choose the automobile of their choice! Santa will come even if you're on the "Naughty List"! All the people of the world will gather together to hold hands and sing that old Coca-Cola song...'Id like to teach the world to sing, in perfect harmony...'
This the Great White Father in Washington promises you for as long as the grass shall grow and the sun shall rise."
3 comments:
Perhaps you should watch Fred Thompsons take on it. He really gets it.
He points out:
“…. and Wall St repackaging those risky mortgages into even riskier instruments and selling them to even bigger fools than they were.”
“Now you may have noticed that the bailout plan changes every few days in Washington, but its not like they don’t know what they are doing.”
“….. Not just anybody can qualify for this bailout money, there are strict criteria, in order to qualify for a bailout the recipients must have screwed up on a monumental scale, no little screw ups will be rewarded.”
“…. But as the Washington experts and politicians have tried to explain to us, the way to get out of this economic mess is to double down on the stuff that got us into the mess in the first place.”
“Now for those of you who think that this sounds absurd, and insist on applying outmoded concepts of common sense, ….”
“So this holiday season, be extra nice to the kids, bless their hearts they have no idea what’s in store for them, but that’s their problem.”
“Ask not what your country can spend for you, ask what you can spend for your country, isn’t that what made America a great country.”
I liked the line about paying half the country to dig holes and the other half to fill them in.
It's like a plan to have an alcohalic drink himself sober.
Since we're broke and they aren't, eventually the Chinese will have more and better guns, tanks and planes. When that happens we may have to start calling them "Vinnie."
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