Friday, May 15, 2009

3/4 Of The Truth (is still a lie).

Obama recently went to New Mexico to tell the people there that the U.S. Long-Term Debt Load [is] ‘Unsustainable’, according to Bloomberg News.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
It's true that what is "economic stimulus" in Washington, DC is "mortgaging our children's future" in places like Rio Rancho, but you wouldn't expect someone who spent the last 100 days writing trillion dollar checks, backed by "our children's future" tax payments, to financial institutions, assuming the debt of enormous, failing private companies and such to plainly say so. Why, he even sent his secretary of state to China to tell Wen Jibiao, effectively, "No worries, you can keep buying our debt."

The article read like von Mises, but was quoting Obama. Something was definitely fishy. I continued reading, and wondering, "what could possibly motivate this two-bit Machiavelli to speak such a truth?" Then I came across the punchline:
“Most of what is driving us into debt is health care, so we have to drive down costs,” he said.

So, are you saying, Mr. Obama, that Americans went into debt to pay Not for toys and vacations? Not for second homes, SUV's, big-screen TV's and The Good Life in general? And not, especially, because your administration has socialized the losses of the largest business failures in history?

Perhaps it depends on what you mean by "most." In any event, It will be interesting to see what this presidential obsession with healthcare and cost cutting is all about, and how it's going to impact the lives of everyday people in a nation where said president's regard for human life is of such a quality that he can refer to an infant as "punishment."


Post a Comment

<< Home