Interesting Opinion Piece by Dick Lamb

[sturn18]

Can anyone say Hyperinflation?

http://www.denverpost.com/opinion/ci_23014921/confessions-former-keynesian

[roberth]

Former Keynesian Dick Lamn. Well I guess he came around to the light. The government is absolutely the wrong entity to stimulate the economy. I like where he admits to the 100-200 trillion in unfunded government liability, I think this number will continue to grow.

When will the bill come due? When will the entitled scum start kicking down doors looking for whatever it is they think someone else owes them? I don't know the answer to either of these questions except to say that it is coming.

[halletts]

We have nothing to fear. That wise sage Bloomberg has assured us that there is an infinite amount of money.

“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”

http://politicker.com/2013/03/mayor-bloomberg-dont-panic-about-the-sequester/

[Sawin]

We have nothing to fear. That wise sage Bloomberg has assured us that there is an infinite amount of money.

“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”

http://politicker.com/2013/03/mayor-bloomberg-dont-panic-about-the-sequester/

Of course they can, dumbass. It may not necessarily be in the interest of the "world economy" but when did that matter to communist regimes who want to dominate everyone... it could happen any time now.