Showing posts with label borrow. Show all posts
Showing posts with label borrow. Show all posts

November 23, 2010

Korean War II?

Click to enlarge.
I haven't had a Dictator Watch posting in quite some time, but I probably should have been a little more attentive.  The threat of international pariahs like Kim Jong Il do not just go away because the United States and other Western economies have turned a blind eye.  Being busy with a faltering economy and being preoccupied with a midterm election does not stop foreign despots from busying themselves with suppressing their own people or aggressively attacking nearby nations.

No.  In fact it encourages them to do so.

March 6, 2009

Stop the Insanity!

Where is Susan Powter when you need her? In yet another cover-your-rear (you know what I mean) move, Senator Chris Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.

Another $500 Billion bailout? At least this is from one government agency to another, but it also reinforces the idea that the thinking in Washington - at least among those with the power to make decisions affecting EVERY LIVING AND NOT YET BORN AMERICAN - is to just throw money at every problem. Perhaps in Dodd's case there's a bit of cover your tracks thinking behind this as well. If you throw enough money at the problem and it solves it, then you might hide the fact that you were taking questionable loans from those you were supposed to be over-seeing.

What's the government tally up to now? Has anybody been keeping a running tally of not only the immediate cost but also the debt financing required to carry this? Numbers are varying from source to source - but all are in the trillions, some ranging as high as $20 trillion. The entire world does not have that kind of money. They only way to do this is to borrow against future generations, and that's where the narcissism and selfishness on the left kicks in. The Democrats don't care about the future - and they don't care about future generations. Is it any wonder that a party intent on legalizing abortion would give a damn about what the current generation's grandchildren will have to face? It's a non-issue for them, and it means it's a non-starter in trying to persuade them to think about the unbearable cost implications of what they are doing.

Is it nihilism or a sense of entitlement to instant gratification that is driving this shopping spree? In either case they are going to do what they are going to do. There's no stopping it - we're all doomed. America, North America, the whole world. It's an unstoppable catastrophe.

Or alternatively, you could stand up and be heard.


Please choose the latter. I'm just saying...
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