Skip to comments." ALL WE HAVE TO FEAR, IS LACK OF DEBT ITSELF ! "
Posted on 09/07/2011 10:57:23 PM PDT by Graewoulf
Back in the day, Frankie sat by his cuddly fire and opined about "Fear" and the glowing virtues of his and Ellie's New Deal. He was a great orator - - - . Ah , those were the days!
Today, The New Deal has successfully bankrupted America AND we still have a great orator! Yes, indeedy! Professor You Lie is on hand to wax poetic on the updated agenda of this day: that golden, luxurious solver of all problems - - - ABUNDANT DEBT! Oh, joy! Oh, Rapture! But wait! There is evil all around us - - - . NO! Do not listen to the evil banks! Listen to You Lie: We NEED more debt!
With arrogant precision You Lie addresses the partial Joint Session of Congress - - - .
BTW, ping me tomorrow about Zero's speech, as Green Bay is about to kick off.
With a fiat currency, money is lent into existence by the government. So the government books would always show it is “out” by the amount of outstanding money in circulation, even if nothing more.
Thanks for the clarification about the fiat in my pocket.
If all we have to fear is lack of debt, then what say you?