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Monday, April 11, 2011

Obama's Foot in Mouth Disease. Common Side Effect of a Debt Addict

Another Day another few billion dollars: About 5 billion in Treasuries, maybe a few new planes to bomb some worthless African county that is Duh... Not winning and about 10,000 gallons of Jet Fuel to send ole' AF1 to the iron belt to talk about jobs to a bunch of 99ers (that's weeks unemployed).

All this on a random Monday in April.  

But can you hear the tick-tock-tick-tock-tick-tock in the back ground.  Listen closely-- no, it is not your Wife's biological clock telling you to sell your SLV to buy a minivan for another nino (or nina).  That is the sound of the US debt ceiling clock.  The tick-tock is getting louder and louder as the date gets closer to the debt ceiling.

Timothy 'Paper Tiger' Geithner has been screaming like a little girl for the last few weeks that the $14.3 trillion-- yes Mr. Obama-- that is Trillion with a 'T,' debt ceiling needs to be raised or the government will run out of money to fund many a program on May 16th. America running out of fake money.

Obama has a case of foot in mouth disease on this one.  As a senator in 2006 Obama voted against raising the debt ceiling.  In his defense he probably had no clue at that date that he would be President in a few years or that he would be in the presence of a Master Wizard at the head of the Fed.  How could anyone know that? Major bummer dude. In 2006 Obama was still sucking down Marlboro's and telling his buddies how the world would change if he had his 15 minutes... how right he was.


Enjoy this diddy in full: 
I will add a Homer Simpson:  DOH!  Where necessary... 
You should drink every time you see a DOH!
 Mr. OBAMA. to Mr. President:  I rise today to talk about America’s debt problem. DOH! The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure.DOH! DOH! DOH! It is a sign that the U.S. Government can’t pay its own bills. DOH! It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.DOH! Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.DOH! That is  ‘‘trillion’’ with a ‘‘T.’' DOH! That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. DOH! And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. DOH! Some people may wonder why they matter. DOH!... 

Sorry to stop off the fun-- I don't want you to get too hammered! 


Does it really matter if there is a 'debt ceiling?'  No.  Money is not real-- not to the US government!  The Federal Reserve Note that is a dollar is about as real as a Pink Polka-Dot Unicorn.  The idea of a debt ceiling is about as realistic as riding said Pink Polka-Dot Unicorn on the moon.  Does the governement really care if there is a debt ceiling?  No... No they do not. 


Every president has to eat their words at one point in their presidency (NO NEW TAXES anyone?).  But this is just bad timing-- right after the 'almost' government shut down.

I think it is fair to say that Obama is a debt addict.  There is no re-election with 'only' a $14.3 trillion dollar debt ceiling.  Not at 8.8% unemployment!  He knows that printing money is easier than creating jobs or paying it back.  Balance the budget-- that is funny!
  • Obama was worried about a $12 Trillion dollar budget by 2011 in his speech-- he will not increase that 'debt ceiling' to over $15 Trillion.
The ceiling will be lifted and the spending will continue.

(And it won't stop at Obama).

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