If you were the finance minister of Bolivia....you’d really sit and admire these American guys...with seven-dollar words, finance gimmicks that would require a degree to understand, and mythical solutions that never seem to deliver but look awful pretty.
So imagine a train heading for a fallen bridge with the throttle set to 10. Everyone on the train sees the fallen bridge but the engineers don’t want to disturb the passengers too much with a sudden decrease in speed so they only decrease the throttle to 9.9999
You’re still hurtling towards a fallen bridge you frikkin’ idiots!
Rearranging the deck chairs on the Titanic did not save her, and neither will this phony so-called deal.
Ryan is a weak sellout.
“2-3 years” starts in a few months, Rep Ryan...
Hannity show, Mar 27, 2012:
HANNITY: What happens in two to three years if the bond market says, too much debt, we can’t give it to you anymore.
RYAN: We have a massive spike in interest rates. All the experts are telling us, we have about two to three years is the time frame they tell us, which is the bond markets. Remember, half of our debt is owned by foreigners. And 40 cents of every dollar government spends is borrowed money. So we are really in debt, I mean, to a huge amount. So the bond markets if they turn on us then our interest rates go up tremendously. That means car loans, housing loans, business loans, home loans, all of that is really expensive. It shuts down and slows down the economy. At the same time, you can have an inflation problem that can get out of control. So your money isn’t buying much as it used to because of the Federal Reserve hasn’t gotten inflation under control, we’ve got a real problem on our hands.
I missed it. Sounds entertaining. I will have to hear the replay.
HOORAY Mark! ‘Rat with a smiley face ALERT! Mickey Mouse, indeed.
The check is in the mail.