Craig L (blipvert) wrote,
Craig L

  • Mood:

Looks like we're going to get the pork

So the US Senate caved and passed their version of the stimulus bill. And, much like the House's version, what it really stimulates is my gag reflex.

Backed by the Full Faith and Credit of the People's Republic of China

If there's anything to be gained in this whole experience, it must be the myth that the Great Depression might have been avoided if the Federal Government had only acted quickly enough to prop up those failing banks. Of course, in those days money was something tangible — the equivalent of gold — and hence not something to be treated lightly. In contrast, today's Congress can simply invent A HUNDRED THOUSAND MILLION ZILLION DOLLARS to throw at the problem. How cool is that?

First rule of holes: When you're in one, stop digging

When I was a kid back in the 1970s, people still talked about the national debt as if it were something which had to be paid back eventually. How nutty! No one talks that today. The national debt is a wonderful bottomless well from which flows endless wealth. With that kind of magical thinking, what is the point of fiscal responsibility? Unless something catastrophic happens, of course ... like, say, the collapse of the global credit market?
Tags: rant
  • Post a new comment


    default userpic

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.