Wednesday, April 28, 2010

Brief US Government Debt update

I find the federal government amusing at times. We recently discussed the woeful state of their finances, which means our finances. They have really gotten themselves into a pickle. So anyway, enough voters have discovered this long term ridiculous misbehavior and are asking hard questions about when the government is going to get a backbone and stop giving money to everybody that wants some.

So, they finally decided they have to "take action" so they at least have the appearance of fixing something. Here's an article about their "plan" which is suspiciously vague:

Orszag warns about debt...

Of course, this is like the house burglar warning the homeowner, at gunpoint, about the risks of not locking your house at night. Here's a particular quote I like:

"Reining in the deficit, which was $1.4 trillion in 2009, would "require significant changes in policy that build on what we have done," Orszag said."

Translation: We spent a trainload of money that we didn't have, in fact more than anybody has ever spent in the history of the universe, so, ummm, now we're going to have to do something different.

I would argue that his phrase "build on" really means, "diametrically opposite to" what we have done in the recent past.

If this wasn't so tragically bad for our nation and the world, really, it would be funny.

Finest regards,


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