"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
On the Rocks
Submitted by Derek Henson on Fri, 2009-02-13 17:00
in
'Obama's bailout plan, added to the FY 2009 budget deficit he has inherited from Bush, opens a expenditure hole of about $3 trillion. As Roberts, former assistant secretary of the Treasury in the Reagan years, pointed out here last week, ?Who is going to purchase $3 trillion of US Treasury bonds? Not the US consumer. The consumer is out of work and out of money. Private sector credit market debt is 174 per cent of GDP.??
0
Your rating: None
- Login to post comments
User Login
Search This Site
Related Columns
Recent comments
-
Cuomo (just like his father) is the very definition of a com...1 week 4 days ago
-
No real surprise.7 weeks 3 days ago
-
https://gx2527leftinvietnam.com/8 weeks 4 days ago
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...12 weeks 2 days ago
-
And of course, both of the author/commentators are Jews. No...12 weeks 4 days ago
-
Surprised to see Switzerland at only 32/100. Would've be...14 weeks 1 day ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...18 weeks 4 days ago
-
An early Christmas present, it seems -- here, some 17 years...22 weeks 5 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...37 weeks 3 days ago
-
Straight out of the communist playbook, as per Saul Alinsky...1 year 4 weeks ago
more