… though he doesn’t seem to recognize it what he’s really saying, which is that the nation’s politicians and elites really do believe that our economy and nation are untouchable, no matter how much we screw up.
Furthermore, while saying the federal deficit does indeed need to be curtailed, Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default.
“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”
Well, that’s a relief. (/sarc)
Wanna bet, Mike?
Or would prefer that our creditors hold our economy hostage? Or maybe start (or continue??) dictating our foreign policy?
–Daniel Day Lewis
–Youngest Video Game App Inventor
–Woman Sues Over a C+
–California Doctor Shortage
–Horsemeat in the UK
–Instrument Made of Guns
Best Line (of many good ones): “A Pennsylvania first-grade girl has become the youngest person to create a video-game app. Democrats say they already look forward to taxing all the money she makes on it.”
Montgomery County deputies caught a home invasion suspect as he was being treated for a gunshot wound he suffered during the crime.
Adrian Granados-Yepez, 27, of Tomball was arrested at Memorial Hermann Hospital Jan. 28, in Houston, after deputies say he was shot by a Magnolia woman, after breaking into her home. The home invasion occurred in the 18700 block of Mink Lake Drive.
Deputies said that three men attempted to enter the home Jan. 25 , but fled after the 33-year-old mother shot Yepez.
The woman, who did not want to be identified, told deputies that she was putting her 6-year-old son to bed when she heard noises coming from her bedroom. She then ran into her living room, where she saw three masked men pointing a gun at her.
She told detectives that she then led the men to her bedroom, promising to get them money, where she retrieved her pistol and shot Yepez in the stomach. While Yepez and another man fled, a third suspect grabbed the woman’s gun and kicked her, before running out of the house. …
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"(ACORN) says it provide lots of services for poor people, but a recent NewsBusters post by Tom Blumer exposes the hollow facts behind the claims."