Tuesday, March 24, 2009
Senator Judd Gregg says America facing bankruptcy
This guy is totally out of paradigm. We are not on a gold standard. It is functionally impossible for a nation that issues non-convertible currency and spends by crediting bank accounts to go bankrupt.
Judd is an idiot and being purposely alarmist because Conservatives are scared shitless right now that Obama's plan will work. The only thing they have to counter this is by saying, "Yeah, it's working temporarily, but it will eventually bankrupt us."
This guy is a dangerous guy. He voted against the stimulus and feels okay, I guess, with women becoming prostitutes, strippers and porn actresses to pay the bills because that's better than the government providing support to the economy.