Related Link » The End of TrustA payback plan? Why would The Obama Himself mention a payback plan? Is there anyone with a functioning brain who believes He has any intention of paying anything back? Can anyone not spell P-o-n-z-i?
“So again, these are dangerous times. There is no one in this administration reminding Americans to purchase wisely, not to take on debt that they cannot service, and to remember that no government of any size, especially not one as bankrupt as our own, can solve self-created miseries. Instead the 24/7 megaphone is essentially, ‘It is not your fault you can’t meet your mortgage, pay off your credit card, pay your taxes, pay for your college, or buy catastrophic health insurance, and we are going to rewrite the law to make sure we can get you even with all those who did those things to you’. Has anyone heard Obama state exactly how we are to pay back the soon to be reached $20 trillion in debt? Has he mentioned a payback plan yet or much of anything other than promising more borrowing to more constituents?”
— Victor Davis Hanson, April 8th, 2010 (PJTV)
Once again I must take it upon myself to perform not only my own social obligation, but the Administration's as well: this out-of-control borrowing and spending is not sustainable. There is no free lunch. There is only postponed obligation to pay for it. And unlike the Ponzi premise on which it is based, there is no possibility of postponement in perpetuity. Because, dear reader, there is not sufficient wealth creation possible to pay for an infinite amount of "free" lunch that must be payed for.
And that is also why no one has yet created a perpetual-motion machine — because there is no self-replenishing energy in this universe. Furthermore, only The Obama Himself fancies Himself a reincarnation of the mythological Midas, who turned anything he touched into gold. But He is only partially right — He only knows how to turn gold into shit. He is the adjoint Midas.
This has been a recording. Stay tuned.
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| Next Up: The Adjoint Midas focuses on financial regulatory system h/t TheDC |
Post #1,198 The Adjoint Midas
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