Tuesday, December 11, 2012

Boehner: 'Let's be honest, we're broke ... Even If We Did Exactly What the President Wants, We Would See Red Ink'


Let's be honest, he's an idiot and I'm sorry but so is anyone who listens to him.

Story at Weekly Standard that reviews today's "progress" in the fiscal follies being played out by our government morons.  Both sides seem to be digging in deeper and I am having a hard time seeing under what   political circumstances the GOP would agree to a substantial raising of the debt ceiling.

A government cannot be "broke" in it's own currency moron Boehner.  Hey Mr. Speaker, can you do us all a big favor and just stop speaking...


2 comments:

Mike Norman said...

Send him Stephanie Kelton's interview on RT. http://www.youtube.com/user/CapitalAccount

Roger Erickson said...

There are always endless new directions to better divert our efforts to, but there is rarely, if ever, any purpose in arbitrarily reducing public initiative. Making decisions BASED ON THAT LOGIC ALONE always IMPAIRS distributed decision-making, rather than IMPROVING it.

Instead, we always want MORE public initiative, better directed.

"Let's be honest, we're broke." John "Boneheaded" Boehner
Is he an innocent fraud? Or an outright traitor?

Either way, anyone that incompetent has to get out of the way.

Fiat currency is NOT a store of static value.
http://en.wikipedia.org/wiki/Fiat_currency

It is liquidity for all the dynamic value that a growing culture spawns.
http://moslereconomics.com/mandatory-readings/

Ergo:
Fiat currency is "backed" by public initiative, and the return-on-coordination that an organized public can generate.

Until we run out of public initiative, we can't run out of fiat currency.

Fiat currency is simply the spreadsheet numerals we use to denominate social liquidity (aka, teamwork, coordination, social credits, national affinity, patriotism, etc, etc).