Legacy
Always the strategic thinkers, the Dems take the responsible long view.
It's called "leaving a little something for the grandchildren to remember us by."
Politico.com:
How to kill an economy with government borrowing. The only things going up will be interest rates on US Government bonds and the budget share to pay our Chinese bond holders.
But in for a dime, in for a dollar. Why doesn't the Obama-Pelosi-Reid brain trust stop fooling around and just eliminate the debt ceiling altogether? Crank up the presses and print all the money needed for everybody and everything, cradle to grave, erection to resurrection. The Chinese? Ha! The joke's on them, because they get paid in our worthless, inflated Funny Money. Stick that in your Kung Pao!
It's a plan!
What about domestic private investment? Not a problem! Capital markets were always unfair and icky, so we'll just take an overdue giant step into the future and do it a new way. It's a no brainer: Redefine the TARP mission so Tim "Turbo Tax" Geithner decides who gets investment funds and then doles them out. Enough with the chaos of capitalism -- Tim can do it better it with his computer programs. Rational planning! Why nobody thought of this approach before is beyond me...
It's Obamanomics!
Do I smell another Nobel Prize?
Byron
It's called "leaving a little something for the grandchildren to remember us by."
Politico.com:
In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
How to kill an economy with government borrowing. The only things going up will be interest rates on US Government bonds and the budget share to pay our Chinese bond holders.
But in for a dime, in for a dollar. Why doesn't the Obama-Pelosi-Reid brain trust stop fooling around and just eliminate the debt ceiling altogether? Crank up the presses and print all the money needed for everybody and everything, cradle to grave, erection to resurrection. The Chinese? Ha! The joke's on them, because they get paid in our worthless, inflated Funny Money. Stick that in your Kung Pao!
It's a plan!
What about domestic private investment? Not a problem! Capital markets were always unfair and icky, so we'll just take an overdue giant step into the future and do it a new way. It's a no brainer: Redefine the TARP mission so Tim "Turbo Tax" Geithner decides who gets investment funds and then doles them out. Enough with the chaos of capitalism -- Tim can do it better it with his computer programs. Rational planning! Why nobody thought of this approach before is beyond me...
It's Obamanomics!
Do I smell another Nobel Prize?
Byron
posted by Byron | Thursday, December 10, 2009
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