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Drunk on Our Money
The Atlas Society - The Center for Objectivism ^ | 2/5/2010 | Edward Hudgins

Posted on 02/05/2010 1:05:30 PM PST by Ed Hudgins

You walk into a bar and see the same drunk who’s there every night lying on the floor in a pool of his reeking fluids. He raises his head and looks around at the room in general—the folks having a few beers, wines, or just Diet Pepsis, as well as the other drunks. With what little coherence he still can muster, he declares: “People drink too much. We gotta get this under control.”

Then, in fits and starts, he utters something like the following: “Yesterday I downed a whole quart of whiskey and a six-pack of brews. Today I was gonna suck in two quarts and two six packs. But I’m cuttin’ back. Today I’ll only lap up a quart and a half of whiskey and a six pack and a half of the suds! See, I cut back by a whole half a quart and half a six-pack!”

He then demands that everyone else alter their own drinking habits as well. He orders another drink and asks everyone else in the bar to pay for it since he’s spent himself broke and his credit is worthless.

Sober people would look with disgust on such a silly sot. Perhaps friends or family would also take pity on him, take away his wallet and car keys, and lock him away in a detox.

Drunk’s logic

President Obama and the Dems in Congress are just such drunks, inebriated on our money, complaining about over-spending and deficits even as they order another round in the Washington bar.

In February 2009, shortly after taking office, The One signed the now-infamous $787 billion stimulus package. He argued that it would ensure that unemployment wouldn’t go over 8.5 percent. The jobless rate hit 10.5 percent, but the administration declared with a drunk’s logic that

(Excerpt) Read more at atlassociety.org ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Philosophy
KEYWORDS: budgetdeficits; nationaldebt; obama; spending

1 posted on 02/05/2010 1:05:30 PM PST by Ed Hudgins
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To: Ed Hudgins

So this explains Teddy Kennedy.


2 posted on 02/05/2010 1:21:30 PM PST by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: Ed Hudgins

Pretty good analogy!


3 posted on 02/05/2010 1:36:54 PM PST by Pessimist (u)
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To: Ed Hudgins
Drunk’s Obama's logic

Obama would advise a drunk to drink himself sober.

4 posted on 02/05/2010 2:31:00 PM PST by MosesKnows (Love many, Trust few, and always paddle your own canoe)
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To: MosesKnows

Excellent way to put it! But we still need more Americans waking up and looking with disgust and contempt at the “eat ‘til we’re thin, drink ‘til we’re sober, spend ‘til we’re solvent” nonsense.


5 posted on 02/05/2010 3:10:37 PM PST by Ed Hudgins (Rand fan)
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To: Ed Hudgins
We are all to blame, and we are all getting hosed. This is probably the fairest recession of all time.

Everyone, for their own reasons, oversold the housing sector. Conservatives and libertarians were basically turned into shills and useful idiots for the housing sector because big business can do no wrong. Liberals just wanted all of their interests groups to get a piece of the ever expanding pie.

When the walls that separated banks from investment companies were taken down the conservatives and libertarians cheered (When I get a new checking account at Citibank I can get junk mail from CitiBrokers, CitiInsurance, CitiFoods, and CitiPets. Whoopee!) When creative accounting tricks like CDOs and CDSs were created conservatives and libertarians cheered even more. All that liberals did was invite all their buddies to be the last people into the pyramid scheme.

No one was even questioning the existence of Fannie Mae and Freddie Mac. Conservatives and libertarians may have believed they were too lenient in handing out loans, but they shouldn't exist in the first place.

And talk about institutions that shouldn't exist in the first place: The Fed! Why does a free market economy need a quasi-governmental organization to set interest rates? If a free market can't properly set interest rates then maybe free markets are bad. Or maybe the truth is that the free market could set the interest rate better and we would do well to nix the Fed.

All along useful idiots were convincing us all that hedge funds were actually investing money and they should be allowed to trade in the dark at the highest leveraging and lowest tax rates possible. We were never that nice to the mob when they were running Vegas!

Liberals give us more government, and conservatives/libertarians give us more tax cuts. The only ones who suffer are those yet born.

6 posted on 02/10/2010 5:25:32 AM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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