Posts Tagged ‘printing money’

Things To Consider As Obama’s Propagandists Attack Rick Perry For His Remark About Bernanke

August 17, 2011

The mainstream media and the Obama administration are trying to make the most of Rick Perry’s remark:

“If this guy prints more money between now and the election, I don’t know what you all would do to him in Iowa, but we would treat him pretty ugly down in Texas,” Perry said. “Printing more money to play politics at this particular time in American history is almost … treasonous in my opinion.”

Charles Krauthammer said that it was somewhat tactless for Rick Perry to use the “t” word to describe what he and almost every other conservatives agrees is fiscally despicable behavior on the part of Obama’s Federal Reserve Chairman and the Obama Fed.  And then Krauthammer turned the shining white-hot lens back at Obama and pointed out that Obama is engaging in this very same conduct every time he demonizes Republicans as the political equivalent of terrorists, and that he is basically too cunning (I would have chosen the word ‘weaselly’) to use the “t” word when his rhetoric clearly matches it.

Recently, Obama claimed that Republicans basically wanted to turn America into a banana republic.

As one example, Obama said this:

BARACK OBAMA, (D) PRESIDENT OF THE UNITED STATES: “The only thing that is holding us back is our politics. The only thing that prevents us from passing the bills I just mentioned is the refusal of a faction in Congress to put country ahead of party. And that has to stop. I need your help sending a message to Congress that it’s time to put politics aside and get something done.”

Geez, I wonder what “faction” of which “party” that eagerly puts party ahead of country, and seeks to hurt the country for political gain.  Because, I mean, that would be practically, well, treasonous.

And then Obama said this:

Some in Congress would rather see their opponents lose than America win … we can’t have patience with that kind of behavior anymore,” Obama told a crowd.

Which prompted this dose of rational commentary on Obama’s transparent tactic:

He’s accusing his opponents of being unpatriotic, and at some point the next step is [accusing them of] being traitorous,” Michael Franc, vice president for government studies at the Heritage Foundation, told The Daily Caller Monday afternoon. “If Michele Bachmann had said ‘If you disagree with me, you’re unpatriotic,’ [Democrats] would be calling it a loyalty oath or a religious test,” Franc said.

And of course it would – and the media would be all over Obama for his vicious demoagic tactics – if they were even remotely honest.

What Michael Franc said is obviously true.  But the media simply won’t report Obama’s words.  I had a very easy time finding Perry’s rhetoric and a very difficult time finding Obama’s.  But Obama is doing the very same thing that everybody and their dog is accusing Perry of doing.

Krauthammer responds to Obama’s tactics:

KRAUTHAMMER:When the president accuses the Republicans of putting party over country and another stop he said they want America to fail so they will succeed politically, that is a sophisticated way of essentially accusing the Republicans of near treasonous behavior. He is sophisticated and practiced and articulate so he won’t use the word the way Perry did. But it’s the same idea.

BAIER: Are you suggesting that Texas Governor Perry is not articulate?

KRAUTHAMMER: I’m saying the way he articulated attack on Bernanke was a demonstration that he does not have the art and the artful way of presenting it that Obama does.

It’s an essentially an equivalent claim. These people care nothing about country, only about self-interest and politics and reelection. So “A,” it demonstrates that the president is practiced at this. Perry could use practice. But it’s essentially the same unhealthy kind of attack. It’s really something neither party ought to do.

And the president combines it with a pretense that he stands above all of this. But look at this scene. He is on a political trip, which he pretends is not. Therefore our tax money is paying for this trip under the pretense that he is explaining his policies. It’s clearly a campaign trip. It’s all a stump speech.

So he is on political trip in which he accuses his opponents of playing politics when he himself is engaged of politics at the same time and pretending only he speaks in the name of the national interest. He does it over and over again. I know it’s going to be a theme of his campaign. If you call out Perry on his use of that, I’d call out the president on that as well.

OBAMA has been putting his narrow partisan political interests ahead of the well-being of the United States and America and the American people ever since the day he came to office.  His boondoggle stimulus that cost the American people $3.27 TRILLION and pissed away our resources – and went overwhelmingly to Democrat districts.  His unconstitutional ObamaCare that he rammed down America’s throat along with its more than 160 death panels. His hostile takeover of the financial industry a.k.a. the Dodd-Frank act.  His being in the pocket of labor unions on issue after issue.  And he’s the guy who is lecturing us about putting country ahead of party and partisan interest?!?!?

Hey, Obama, how about if you pay for your damn bus tour instead of making the American people pay for it since it is obviously a campaign tour?!?!  I mean, given that you alone are above politics and all…

But, of course, the mainstream media would report on any of the above (other than the stuff that makes Rick Perrylook bad), because that would be fair and objective and honest.  And today’s media is none of those things.

I actually believe Perry’s taking on Fed policies – which are impoverishing grandmas and grandpas to enrich The State, and which have destroyed 3.5 million jobs – is a dang good idea.

Ron Paul rightly compares this policy of artificially creating money out of thin air with counterfeiting. The federal government is counterfeiting its own money, with the same exact motive that all other counterfeiters have.

The White House jumped all over this, self-righteously proclaiming, “We take the independence of the Federal Reserve quite seriously and certainly think threatening the Fed chairman is probably not a good idea.”  But other than the fact that just who in their right mind actually believes Rick Perry physically threatened Bernanke with literal violence?!?!?  I would point out that shouldn’t Obama therefore take the independence of the Supreme Court quite seriously, too?  And yet Obama has REPEATEDLY belittled their rulings.  In one speech Obama deceitfully demonized the court for exercising it’s “independence,” prompting Samuel Alito to mouth the words “That’s not true” to Obama’s demagogic attack.  And it was just today that Obama essentially said that either the Supreme Court would rule the way he wanted them to rule on ObamaCare, or they would be making up the law like some sort of kangaroo court:

“If the Supreme Court follows existing precedent, existing law, it should be upheld without a problem,” Obama said. “If the Supreme Court does not follow existing law and precedent, then, you know, we’ll have to manage that when it happens.”

But hey, refusing to honor the independence of one of the three branches of our government (the executive, the legislature and THE JUDICIARY) established by our Constitution is nothing.  Refusing to honor a Federal Reserve Entity having nothing whatsoever to do with our Constitution and in fact flying in the very face of it is quite another, indeed.

If Rick Perry used a word that cunning, weaselly political strategists say is ill-advised to describe his personal and political disgust and contempt for a disgusting and contemptible fiscal and political policy by an out-of-control Federal Reserve system, I can live with that.  In fact, I’m just glad that somebody is out there on my side who is willing to get in somebody’s face over the crap that is imploding our country.

Conservatives are beyond furious. They want a candidate who will punch Barack Obama right in the mouth and then keep punching until he is politically down on his back and able to get up. The last thing we want to see is another wimpy establishment candidate refuse to go after Obama as a guy who spent 23 years in a racist, Marxist, anti-American “God damn America!” church.

Racist, because imagine the Republican candidate having spent 23 years in a church with a WHITE values system and a commitment to the WHITE family. Because Obama’s “church” continued to spout racism while Obama was there and after he finally left it to cover his political backside. Because imagine the Republican candidate being so inspired of the equivalent of “White folk’s greed runs a world in need” – maybe “Black folk’s crime runs a world of slime” – and being so inspired he writes a book bearing the same title as that sermon.

Marxist because the “liberation theology” that Trinity United preached every single day was Marxist to its core, deriving from Marxist priests who were aiding the Marxist Sandinistas in Nicaragua. Because then Cardinal Ratziger (Now Pope Benedict) officially pronounced liberation theology as coming “from radically marxist positions”. Because the Obama Party is the Party of self-avowed communist Van Jones. Because the “reverend” who was Obama’s “spiritual mentor” is an open Marxist and socialist. Because the Communist Party USA backed Obama in the last election and is backing him in this one, too. And because just what the hell is the difference between Obama’s redistribution of wealth agenda and Karl Marx’s redistribution of wealth agenda?

Anti-American because Obama’s church and Obama’s presidency is “GOD DAMN AMERICA!” Because this is the Cloward and Piven presidency to implode America so it would be forced to embrace communism. Because it continues to the Cloward and Piven administration that is looking to achieve communism in America. Because we have continued to see that this is the Cloward and Piven ideology unfolding in hopes of imploding America.

Conservatives are looking for a guy who will tear into Barack Obama like a junkyard dog going after a thief who’s trying to rob its master. Only in this case the thief was a cynical liar who illegitimately seized the White House in 2008 with a fraudulent campaign of lies, and the “master” is the American people who need someone to fight for them.

You’ve got to be smart and polished, Governor Perry.  Because the same dishonest mainstream media that overlooks Obama’s and Democrats’ constant vile rhetoric will eagerly report every single thing you say that either crosses the line or that they can make appear to have crossed the line.

It’s up to Governor Perry to do a better job walking through the long field of land mines the media will place in his path.  And it is up to every single Republican and conservative and tea party member to keep a documented record of everything that Obama and the Democrats say so we can play the game of finger-pointing that is the quintessential tactic of liberals.

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Just How Is Obama NOT An Abject Failure?

August 27, 2010

Under Barry Husseins’ pathetic failure of leadership, 24% of Americans believe that the recession will last 2 years.  And another 51% believe that it will last MORE than two years.  Given the fact that Obama will only be president for another two years, and given the fact that Obama was elected to fix the economy, what we basically have is a statement from 75% of Americans that Obama will be a completely failed president.

Here’s another one, and allow me to quote from below:

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Now, understand: the stimulus is officially $862 billion, but it’s actual cost according to the Congressional Budget Office will be $3.27 TRILLION.  And 87% of the American people say that this beyond supermassive sum of money which will burden our children for decades either had no effect at all or actually HURT them.

Now, this $3.27 trillion will surely ultimately be ripped out of the hide of the US economy.  It’s only a matter of time.  An increase in the money supply is rather like an overdose of drugs.  And in this case the effect of the overdose will be hyperinflation.  Basically, the moment we have any kind of genuine recovery, our staggering deficit is going to begin to create an ultimately gigantic inflation rate.  Why?  Because we have massively artificially increased our money supply beyond our ability to actually produce real wealth, and that means that money will ultimately be devalued.  There’s simply no way it can’t be.  If simply printing money solved financial problems, the government could just mail everyone several million dollars, and we could all retire.  The problem is that more money chasing a limited supply of goods simply pushes up prices higher and higher without doing anything to solve the underlying economic problems.  If we have a recovery, with increased economic activity, there will be increased demand on the money supply, forcing an upward climb in interest rates as a means of controlling the currency.  And then we’ll begin to seriously pay for Obama’s and the Democrat Party’s sins.  Paradoxically, the only thing preventing hyperinflation now is the recession, because people aren’t buying anything and therefore aren’t competing for those limited goods.

That said, there is solid evidence that the stimulus actually HURT THE ECONOMY AND EMPLOYMENT IN THE RIGHT-HERE-AND-NOW by sucking money out of the private sector where it would have been put to good use and instead funneling it through the government were it was pissed away on political boondoggles and bureaucratic inefficiencies.  The evidence is clear: the governments that did not pass huge stimulus packages have fared much better than those like the US which did.

A further fact in our economic and political collapse is that Obama is creating a permanent elite class of government bureaucrats.  USA Today found that “At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn.”  Obama has massively expanded government, even as the the real pie for everyone (the economy) has been shrinking.  Since government workers don’t actually create wealth, but merely live off the taxes paid by those who create wealth, and since there are more and more government workers and fewer and fewer private sector workers, we’re heading for a real problem.  Again, “paradoxically” is a good word, as paradoxically Obama is creating a ruling class over the people who consume the peoples’ wealth in the name of helping the people.

And all of the above contributes to why Gerald Celente says America is about to experience what he calls “the Greatest Depression.”

July 13, 2010 6:30 PM
Poll: Americans Say Bad Economy Will Linger
Posted by Brian Montopoli

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.

(Credit: CBS)

A majority of Americans have a negative impression of the economy and expect the effects of the recession to linger for years, according to a new CBS News poll.

Most also say President Obama has spent too little time on the economy, which Americans cite as the country’s most important problem by a wide margin.

Three in four Americans now say the effects of the recession will last another two years or more. More than eight in 10 say the condition of the economy is bad, up five points from last month.

Just 25 percent of Americans say the economy is getting better – down from 41 percent in April. About half say it is staying the same, and the remaining quarter say it is getting worse.

More than half of Americans – 52 percent – say Mr. Obama has spent too little time dealing with the economy.

And with unemployment near 10 percent, the economy is their priority: Thirty-eight percent volunteer it as the country’s most important problem. That far outpaces the percentage that cited the wars in Iraq or Afghanistan (seven percent), health care (six percent), the deficit (five percent), and the oil spill in the Gulf (five percent).

The county’s most important economic problem, Americans say, is jobs, volunteered by 38 percent of respondents. Coming in a distant second was the national debt, the deficit and spending, cited by 10 percent in the poll, which was conducted between July 9th and 12th.

Just 27 percent of Americans say their local job market is good. Seventy-one percent call it bad. Nearly one in four expect their household finances to get worse over the next year, twice the percentage that expects their finances to improve.

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Twenty-three percent say the stimulus package made the economy better – down from 32 percent in April and 36 percent last September. Eighteen percent say the stimulus package damaged the economy, while 56 percent say it had no effect.

The president’s job approval rating on the economy now stands at 40 percent – a drop of five points from last month. Fifty-four percent disapprove of his handling of the issue.

In general, Americans see Mr. Obama as spending too little time on the economy and the oil spill in the Gulf, and too much time on health care: Thirty-nine percent say he has spent too much time on the issue, while 24 percent say he spent too little time.

Americans do believe the president takes decisive action, with two and three suggesting he does. But more than half (53 percent) say he is not tough enough in his approach.

Americans are evenly split, meanwhile, on whether the president shares their priorities. Two in three believe he cares at least to some degree about people like them.

The president’s overall approval rating now stands at 44 percent, matching his disapproval rating. It stood at 47 percent last month.

The Issues: Economic Priorities

Most Americans – 53 percent – say the best way to get the economy moving is to cut taxes. Thirty-seven percent instead choose government spending on job creation.

Americans are split about how the federal government should spend its money: Forty-six percent say the priority should be spending to create jobs, and 47 percent want to put the focus on deficit reduction.

More than half want Congress to extend unemployment benefits now, a Democratic priority that has been blocked by Congressional Republicans.

Immigration:

Support for Arizona’s controversial immigration measure has increased: Fifty-seven percent say the law is “about right,” up five points from May. Just 23 percent say the law goes too far, while 17 percent say it doesn’t go far enough.

More than half say states should be allowed to pass illegal immigration laws, while 42 percent say only the federal government should have that power.

Americans are somewhat split on the impact of illegal immigrants: 42 percent say they take jobs away from Americans, while more – 50 percent – say they take jobs Americans don’t want.

Health Care:

Americans still largely disapprove more than they approve of Mr. Obama’s sweeping health care reforms. Forty-nine percent of Americans disapprove of the health reform legislation, while 36 percent support the law. Support has dropped seven points since May.

The Oil Spill:

Americans are roughly evenly split on whether BP will stop the flow of oil in the Gulf of Mexico by the end of the summer. Most (58 percent) are not confident that the company will fairly compensate those affected by the spill.

Wall Street Reform:

With Democrats poised to pass sweeping reforms of Wall Street this week, a majority (57 percent) say bank regulations should be increased.

Afghanistan and Iraq:

Sixty-two percent of Americans say things are going badly for the United States in Afghanistan, up from 49 percent in May. Just 31 percent say things are going well.

In Iraq, 55 percent say things are going well, while 28 percent say things are going badly.

Most Americans favor a timetable for withdrawing troops from Afghanistan. Fifty-four percent back a timetable, while 41 percent oppose one. Mr. Obama has said the United States will start removing troops from the country in July of next year, but only if conditions on the ground permit.

Elena Kagan:

Most Americans can’t say whether Supreme Court nominee Elena Kagan should be confirmed. Among those who have an opinion, 21 percent say yes and 19 percent say no. Less than half say they are closely following news about her nomination.

The Long Run:

Despite their concerns about the economy, Americans do not believe their country is on the decline. Fifty-nine percent expect things to get better in the long run, while 36 percent say America’s best days have passed.

Read the Complete Poll

More from the poll:

Poll: Support For Health Care Reform Drops

Poll: Most Want Afghanistan Withdrawal Timeline

Poll: Support for Arizona Immigration Law Hits 57 Percent

Obama’s Approval Rating on Economy Drops


This poll was conducted among a random sample of 966 adults nationwide, interviewed by telephone July 9-12, 2010. Phone numbers were dialed from random digit dial samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups is higher.

This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.

This article was written in July.  And it is amazing how far we have fallen since those days only a little over the month ago (that was back when Obama was pitching his pseudo “summer of economic recovery, donchaknow).

Now here we are, with Obama’s failures being revealed to be even MORE magnificent, as the jobless claims rise to their highest levels in 9 months (with over half a million new filings).

The Associated Press reports:

The layoffs add to growing fears that the economic recovery is slowing and the country could slip back into a recession.

There’s your double-dip recession for you.  And that recession belongs entirely to Obama and the Democrat Party, which are leading us toward complete ruination.

All Obama has going for him are false blame on Bush to explain his two-years’ worth of abject failure and outright lies, such as his recent one taking credit for a stimulus dollar success when the stimulus didn’t have anything to do with the project Obama cited.

For the record, Obama has been lying about employment all along.

With $862 billion dollars you’d think Obama could find at least one actual success.  But the porkulus was THAT bad; there weren’t any.

Some other things that the poll didn’t mention: a solid majority of Americans now believe that their president is a socialist (as people like me were saying all along).

And Americans now trust Republicans more than Democrats on ALL TEN of the most important issues facing the country, according to the lastest Rasmussen survey:

If all of this doesn’t represent a massive failure of leadership, precipitating a failure of trust which itself creates massive economic suffering, please tell me how it isn’t.

China Alarmed By Obama’s Deficits, Shocking Irresponsibility

September 8, 2009

It’s sad that a communist regime quotes our own founding fathers to us, because our President and the party in power has so blatantly ignored their wisdom.  But that’s what happened, as you will see reading the following article:

China alarmed by US money printing
The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

By Ambrose Evans-Pritchard, in Cernobbio, Italy
Published: 9:06PM BST 06 Sep 2009

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to “credit easing”.

“We hope there will be a change in monetary policy as soon as they have positive growth again,” he said at the Ambrosetti Workshop, a policy gathering on Lake Como.

“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,” he said.

China’s reserves are more than – $2 trillion, the world’s largest.

“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,” he added.

The comments suggest that China has become the driving force in the gold market and can be counted on to
buy whenever there is a price dip, putting a floor under any correction.

Mr Cheng said the Fed’s loose monetary policy was stoking an unstable asset boom in China. “If we raise interest rates, we will be flooded with hot money. We have to wait for them. If they raise, we raise.

“Credit in China is too loose. We have a bubble in the housing market and in stocks so we have to be very careful, because this could fall down.”

Mr Cheng said China had learned from the West that it is a mistake for central banks to target retail price inflation and take their eye off assets.

“This is where Greenspan went wrong from 2000 to 2004,” he said. “He thought everything was alright because inflation was low, but assets absorbed the liquidity.”

Mr Cheng said China had lost 20m jobs as a result of the crisis and advised the West not to over-estimate the role that his country can play in global recovery.

China’s task is to switch from export dependency to internal consumption, but that requires a “change in the ideology of the Chinese people” to discourage excess saving. “This is very difficult”.

Mr Cheng said the root cause of global imbalances is spending patterns in US (and UK) and China.

“The US spends tomorrow’s money today,” he said. “We Chinese spend today’s money tomorrow. That’s why we have this financial crisis.”

Yet the consequences are not symmetric.

“He who goes borrowing, goes sorrowing,” said Mr Cheng.

It was a quote from US founding father Benjamin Franklin.

Ever heard the phrase, “own worst enemy”?  That’s the United States, to itself.  Or more particularly, that’s the president of the United States, to the country he’s supposed to be helping.

China can seriously screw us financially; they could literally bankrupt us.  They don’t want to do that, because hurting us would hurt their investment in us.  Yet the subtitle of the article drives the point home: “The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy.”  We are pursuing such a fiscally reckless policy that China will be compelled to cut its losses – and truly leave us high and dry.

What Obama is doing is going to gut the U.S. currency, and China is being forced to act like a rat jumping off a sinking ship.  And just to make sure nobody fails to understand: WE’RE the ship that Obama is sinking.

Democrats – flagrant hypocrites that they are – actually had the chutzpah to demagogue Bush for his “fiscal mismanagement.” A lot of Bush’s spending WAS in fact irresponsible – but Democrats complaining about government spending is very much like Stalin complaining about Soviet gulags; it simply flies in the face of any and all reason.

When you realize that Obama’s 2009 deficit – just one year of his spending – is higher than all 8 years of Bush’s deficits COMBINED, it ought to tell you just how shockingly irresponsible Obama and the Democrats are, as well as what appalling hypocrites they are.

Just imagine putting Nancy Pelosi and Howard Dean in a time machine, and launching them six years into the future so they could see that – under total Democrat control – they would spend more than eight times more than George Bush spent in his VERY WORST YEAR.  And then realize that such is the loathsomeness of their characters that they would return to their own time and STILL demagogue Bush for his spending.  It’s just what they are. Hypocrisy is their defining characteristic, to go along with their naked demagoguery.

The danger that the Chinese point to is crystal clear.  Even key Obama-ally Warren Buffett is publicly demanding that Obama and the Democrats cut their spending to avoid massive inflation.

I would argue – in disagreement with Buffett – that we didn’t need to launch into such massive government spending (although we sure bailed out Wall Street-types like Buffett by doing so, didn’t we?).  In the initial panic, the Bush team reacted by spending, as though we could patch the holes of our debt-ruined economy by stuffing them with borrowed money.  But already, by the time Obama launched into his even more massive stimulus, it seemed readily apparent that the government wasn’t getting much of a bang for its buck – unless the “bang” was the bang of a future debt-induced economic implosion.

Think about it from this angle: do you know how small businesses are actually the driving engine of our economy and our job creation?  Well, 98% of small businesses didn’t receive any money from the Obama stimulus at all.  If fact, the National Endowment for the Arts – which recently displayed it’s pro-Obama ideological partisanship – received more stimulus funds than the small businesses that drive our economy.

By selecting Bush-appointee Bernanke to serve another term as the Chairman of the Federal Reserve, Obama was implicitly embracing most of the very Bush policies he had personally and repeatedly demagogued during the campaign.

And now in Obama’s spending we have the very worst of Bush — times EIGHT.

The Chinese are quoting Benjamin Franklin to point out America’s insanity under Barack Obama.

I would suggest another Franklin quote as well: “When the people find that they can vote themselves money, that will herald the end of the republic. “

U.S. To Raise Debt Ceiling So It Can Continue Insane Spending Spree

August 11, 2009

“It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,” Geithner said.

Oh, thank God!  Our leaders have finally – FINALLY! – recognized the critical need to bring in some semblance of fiscal sanity to our federal government.  Treasury Secretary Geithner is at last demanding that Congress put its clown-shoe-clad foot down and insist that we finally begin coming to grips with our $11.6 trillion debt.

I take it all back.  Everything I said about these Democrats.  They’re not really stupid.  They’re not really insane.  They’re not spending us into bankruptcy.

What’s that?  What’s that, you say? Turbo Tax Tim is actually asking Congress to RAISE our debt ceiling just so we can keep up the reckless borrowing without hitting any common-sense roadblocks? You mean he’s saying that we should raise our current limit (well, it’s really more of a guide than a limit) of $12.1 trillion because we’re spending so damn fast we’re going to hit our fragile little skulls on the ceiling?

Why would he do something like that?  I mean, doesn’t he know that Barack Obama repeatedly promised a net spending cut if elected? Doesn’t he know that Obama said, “Well, we are out of money now” when he was asked, “At what point are we going to run out of money?”  We don’t need to increase our debt ceiling; Obama assured us we’d be able to lower it.

What’s your reasoning for raising the debt ceiling, Mr. Treasury Secretary?

WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.

“It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,” Geithner said in a letter to Senate Majority Leader Harry Reid that was obtained by Reuters.

A Treasury spokeswoman declined to comment on the letter.

Whoa, WHOA, WHOA!!!???  What are you SAYING, Turbo Tax Tim?  Are you actually suggesting that if we increase our debt ceiling so we can keep spending and spending and spending more hundreds of billions and trillions of dollars that you think our “partners” here and abroad will “remain confident”?  Are you serious?

What on earth is wrong with your brain?

That reminds me of the Vice President’s lunacy when he said – and I quote – “we have to go spend money to keep from going bankrupt.”

You’re not exactly understanding our “partners” right, Turbo Tax Tim.  I guess someone is going to have to translate for you.  As the Associated Press reported, “China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending.” And the Chinese have repeatedly warned us not to start “printing money.”  So when you say something truly stupid like, “Increasing our debt ceiling will give our partners confidence that we will be able to meet our obligations,” what you are REALLY saying is, “Lord help me, I’m just not that bright.”

The budget deficit is right on tract to exceed $1.8 trillion – four times 2008’s record $455 deficit (you know, when the Democrats had the whale-sized balls to complain over Bush’s fiscal irresponsibility).

Okay.  So what’s the Democrat plan?  You’re going to WHAT???  You mean to tell me that after spending like drunken sailors on speed that you’re going to buy EIGHT FANCY PRIVATE JETS AT  A COST OF MORE THAN HALF A BILLION DOLLARS??? After you just got through demonizing and demagoguing the bejeezus out of auto company CEOs for daring to fly private jets?

We don’t have any more money.  But if shame, demogoguery, and stupidity were currency, we would be rich beyond our wildest dreams under Barack Obama, Nancy Pelosi, Harry Reid, and the Democrat Party.