Spend now, pay later becomes our official policy

Times online ^ | 3/1/10 | Irwin Stelzer: American Account

[Nachum]

“WATCH what we do, not what we say,” President Richard Nixon’s attorney-general told the press. Unfortunately for both men, the press eventually did that, and we got the first of the “gates” — Watergate. The consequences for President Barack Obama of watching what he does rather than what he says will be less dire, but nevertheless revealing.

Americans overwhelmingly say their main concern is jobs, and that they are satisfied with their present healthcare arrangements. In response, an allegedly chastened Obama “pivoted”, and said his primary concern from now on will be job creation, which will take priority over his controversial plan to radically change the nation’s healthcare system.

[Nachum]

Good 'ol tricky Hussein

[Doogle]

like it’s something new?

[DManA]

Pay now, borrow now, roll debt over infinitely.

[Ingtar]

Why use $1,000 billion instead of $1 trillion? LOL

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

-~~Ludwig Von Mises

[existtoexcel]

Obama “pivoted”, and said his primary concern from now on will be job creation

oh no, not the 'touch', jobs are now doomed.