Allow me to introduce you to the new federal accounting sleight-of-hand.
Watch, in hand A, as we hear of the new promise to spend down the Republican* deficit:
WASHINGTON (Reuters) – President Barack Obama wants to slash the ballooning deficit in half by 2013, U.S. officials said on Saturday, after massively increasing public spending to stem the worst economic crisis in decades.
Whatever you do, don't pay attention to hand B, where we promise to increase spending
by unprecedented amounts, thusly increasing the Federal deficit sevenfold
The official said the White House is asking for a “down payment” of about $635 billion to begin overhauling the nation’s health-care system, which Obama has said is critical to expanding health-insurance coverage and getting the government’s fiscal house in order.
I think AoSHQ'er PersonFromPorlock
has hit the nail on the head:—It's high time we start talking about defaulting completely on Federal debt.
The Democratic Party has made it absolutely clear that it intends to spend Federal money faster than a drunken tinpot dictatorship no matter what we do, so why not throw a monkey-wrench into the actual process of borrowing
said money? If lending institutions were worried about what we crazy Republicans would do
after we get back into power, surely they'd shy away from forking over any more of their hard-earned dollars to the Federal government.Voluntarily
, at least.
There's always the time-honored tradition of extortion
, which the DNC has perfected into a science
, if you're thinking that the "Bush Deficit" was bad, you might want to take a little peek at this chart
. Our government has officially been launched off of the train tracks, thanks to the New Soviet Democratic Majority.
Thanks to Ace