Sunday, August 7, 2011

DUMB AND DUMBER BLOVIATE

The Gunny has said it before and most likely, will say it again. This is the kind of sh*t you get when you put dinosaurs stuck in the 1950's and academia together.

EXCERPT: "Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the {de}Press{ed}. "What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan.

Austan Goolsbee, the chairman of the White House's council of economic advisors, hit out at S&P on the same show, insisting the credit ratings agency had got its math wrong. "Well, the basic case is they made a $2 trillion math error and forgot to check their work," he said. "So rating agencies that didn't make a $2 trillion math error reaffirmed the AAA status. You saw Warren Buffet say that, if they had a AAAA, he would put U.S. Treasurys in AAAA status."
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How can one combat such stupidity? How can morons like this worm their way into our government and screw everything up? At least Greenspan has an excuse, he's probably senile, with one foot in the grave and the other on a banana peel but Goolsby? That guy is just a flat out moron and the idiot finally quit chairing Obunghole's economic committee and went back to Harvard, to, get this, teach economics!

We can pay off any debt because we can print more money. It's enough to make ya want to squirt blood out of your eyes. And when inflation hits, and then hyperinflation hits, and then more debt piles up, why, we'll just do what we always do, tax the piss out of 40% who pay taxes in this nation while THEY dodge their taxes, using fancy lawyers and tax accountants. Or "screw up" like Turbo Tax Timmy did. And later, when the dollar is worth about the same as a Mexican peso, they'll just bustle off t their gated communities or Dominican Republic cabana (Rangel), and chill for a spell.

Our debt is now ONE HUNDRED PERCENT of our GDP. Our GDP for 2010 was 14.6 Trillion. So in effect, we are in debt for everything we make. This is like someone making 50G's a year and having bills that equal 50G's a year. In other words, there ain't no way to pay them off, ain't to way to get "into the sunshine." To be blunt, you're screwed and that is where we are today. But the government can simply print more money.

How someone can be so stupid as to think that one can just keep printing money with no side-effects, no rocks and shoals to run up on, is simply unbelievable. Are they ignorant of history (Weimar Republic, Zimbabwe, US during the Jimmy "KGB" Karter years), or just as dumb as dirt?

Goolsby bleated: "Well, the basic case is they made a $2 trillion math error and forgot to check their work," he said. "So rating agencies that didn't make a $2 trillion math error reaffirmed the AAA status. You saw Warren Buffet say that, if they had a AAAA, he would put U.S. Treasurys in AAAA status."

Did Goolsby bother to remember that Buffett is an Obama asskisser, a donor to Obama? Obama serviced Buffet with a Medal of Freedom, like the Tyrant got serviced with a Nobel Peace Prize he did not deserve in the MJS (Mutual Jackoff Society). Yeah, HIS credibility is 100%. NOT!

Obammy bails out banks and Buffet profits by it and Buffet thanks him. (Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money. The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt.)

http://www.zerohedge.com/article/warrens-billions-thank-uncle-sam-bailing-them-out
http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

God help us until we get some adults back into this government.

http://www.cnbc.com/id/44051683

15 comments:

  1. I'd like to make them squirt blood out of their eyes. Can't we get some of these turds to hunt quail with Dead Eye Dick Cheney?

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  2. TGP,

    I'd rather have them run from target 1 to target 50 during a 200 yd rapid fire, Dick Cheney might miss.

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  3. I saw the program. I could not believe that Greenspan actually said that had I not seen it myself. He must be senile. What a moron.

    Printing more devaluates our currency. QE1 & QE2 already proved it.

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  4. The government might be able to pay it off.
    If it cuts every entitlement program;
    If it cuts every government grant;
    If it cuts foreign aid;
    If it cuts aid to UN;
    and
    If it gets rid of the wetbacks;
    If it gets rid of the barricades to drilling;
    If it lets small business run small business.
    What're the chances??????????????

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  5. So they made a $2T error. Even with the debt "deal", we will be adding more than 50% to the debt in the next decade. The Dems and establishment Pubs aren't taking the debt seriously. The credit rating should have been downgraded the day after Boehner agreed to the last continuing resolution, with its fake savings.

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  6. Greenspan is the architect of this fiasco. What the HELL was Ronaldus Magnus thinking when he brought the fool on board? Of course,to explain Greenspan's current idiocy,one need only to look at his wife. How would YOU like to go home to Andrea Bitchell,NBC News,Washington(said sneeringly) every day?

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  7. Gunny,

    Is that eyes-open 200 rapid fire, or eyes-closed? We once killed a bunch of horses on Vieques when they ran out on the 203 range. Rounds were already in the air. I wish those horses had been liberals; I lost sleep over the horses.

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  8. Loud Liberal YankeeAugust 9, 2011 at 6:02 AM

    "This is like someone making 50G's a year and having bills that equal 50G's a year." Your point is? Anyone with a mortgage (the regular, pre-subprime kind) on their home owes a heck of a lot more than one year's salary. It's called financial responsibility. What are you, a renter?

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  9. you people are hysterical
    It's a shame stupidity isn't painful

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  10. Loud Liberal Yankee,

    When you have a mortgage, your debt to income is based on the payments you make in a 12 month period. As a general rule, the amount you should finance on a mortgage is 3 times your annual salary. For your limited math skills, that means that if you make 50 dollars a year, you can afford a $150 house. If you buy a house that costs $450 dollars, your annual payments now exceed your income, therefore you can't afford your bills. That is the comparison Gunny made you stupid turd.

    The US Government should have a C or D rating; America is still AAA, but the government is failing. Like your teachers apparently failed you.

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  11. Loud Liberal YankeeAugust 10, 2011 at 7:30 AM

    Dear 10G Pat,
    Your math is spot on, your logic, sadly, ain't. Gunny's point is that because gross debt equals gross annual income, we're broke. He's wrong. So are you. But you do raise a relevant point. The last administration seemed hell-bent on allowing banks to give mortgages 5 and 10 times borrowers' annual salary. As I remember right, that's what got us into this mess in the first place. If my math is limited, your knowledge of history ain't much better. Or at least your willingness to admit it. C'mon dude, man up. Screaming "turd" at folks won't save anything or anyone. WE are the government. Time to take it back, not abolish it.

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  12. Yankee,

    Oddly enough, I agree totally that it is time tio take the government back. But I am as anti-liberal as the Gunny, so I am sure I am on the opposite side of "back" as you.

    Just a little question: If gross debt equals gross income, why are we borrowing money to pay the bills? You are wrong, we are broke. And we are on the brink of bankruptcy. What will that do to our credit rating?

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  13. Loud Liberal YankeeAugust 10, 2011 at 12:41 PM

    I won't take you back to the original meaning of "liberal," cause that'd bore you to tears and you wouldn't believe me anyway. Fact is, we're nowhere near fiscally broke, but we are politically bankrupt. If it weren't for the double-whammy of Irag and the tax cuts for the rich, we wouldn't be in this mess. Eliminate the tax-vacation Karl Rove & Co. gave millionaires, and we'd be in the black again. Don't get me wrong, I'm not against being rich. Heck, I'd do it if I could. And I think entitlement reform is needed. But the wealthy don't make jobs by themselves. They only do it with employees who contribute skills and know-how. Peace, bro. I know you're an old-school lib at heart.

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  14. Backwards thinking. The rich are already paying their "share" The rest of us need to help the rich pay for our government. Remember taxation without representation? It works both ways. The poor and middle class need to pay taxes to get their voice.

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  15. The US Government is creating a memorial site to flight 93. $63 million. Now, am I insensitive or is this a little excessive or both...?

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