The question is how far over the cliff have we already gone?
This part of his commentary is delusional:
unless the Fed monetizes the debt, a complication we have so far largely avoided
Er, excuse me? “Quantitative easing,” anybody? Twenty-first century Newspeak for “financing the debt by the printing press.” Doesn’t the Fed now “own” $1 trillion or more of government and corporate paper for which it “paid” in newly-printed dollar bills? What happens when all that newly printed money hits the streets?
I also think he takes Team Barack far too much at his word. The Obamabums only call it a “stimulus” to fool the rubes. They don’t give a damn if it ‘stimulates’ anything or nothing. That’s not the point. The point is to drastically increase the amount of the national treasure that’s funneled through the wise hands of Washington before being spent, and the point of that is to significantly increase the power those wise hands have to reshape our miserable contrary teabagging selves into bright ‘n’ shiny happy little well-performing cogs in the Great Social Machine that they will be driving.
Onward, men! Don’t you want to throw your otherwise worthless little lives and savings into the giant wonderful project? Save The Planet! Heal The Dvisions! Peace In Our Time! Cheap Health Care For All! Paradise On Earth! One Ring to rule us all!
The question is how far over the cliff have we already gone?
This part of his commentary is delusional:
unless the Fed monetizes the debt, a complication we have so far largely avoided
Er, excuse me? “Quantitative easing,” anybody? Twenty-first century Newspeak for “financing the debt by the printing press.” Doesn’t the Fed now “own” $1 trillion or more of government and corporate paper for which it “paid” in newly-printed dollar bills? What happens when all that newly printed money hits the streets?
I also think he takes Team Barack far too much at his word. The Obamabums only call it a “stimulus” to fool the rubes. They don’t give a damn if it ‘stimulates’ anything or nothing. That’s not the point. The point is to drastically increase the amount of the national treasure that’s funneled through the wise hands of Washington before being spent, and the point of that is to significantly increase the power those wise hands have to reshape our miserable contrary teabagging selves into bright ‘n’ shiny happy little well-performing cogs in the Great Social Machine that they will be driving.
Onward, men! Don’t you want to throw your otherwise worthless little lives and savings into the giant wonderful project? Save The Planet! Heal The Dvisions! Peace In Our Time! Cheap Health Care For All! Paradise On Earth! One Ring to rule us all!