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| Newsweek's Clift: U.S. Won't Face Greek Debt Tragedy 'Because We Can Print Money' |
| 2010-07-20 |
| We all probably knew the sentiment of the American left for just not getting the entire Tea Party movement concept, but this statement ought to cement that notion. On the July 18 broadcast of "The McLaughlin Group," host John McLaughlin asked his panelists what the long-term implications of national debt could be for the United States. "Is America in danger of the current debt crisis becoming a sovereign debt crisis as Mort [Zuckerman] mentioned, like the one that is now hitting Greece, yes or no?" McLaughlin asked. |
| Posted by:Fred |
| #15 I'm glad you put up a 100 trillion dollar bill from Zimbabwe. I saw an article on their inflation. That 100 trillion dollar bill will buy 3 eggs. They only had to print money for 3 years to destroy their currency. I'll bet you Obama can destroy the US dollar faster. It will sure be easy to pay of my mortgage. |
| Posted by: Dave 2010-07-20 20:55 |
| #14 ""No - because we can print money and Greece can't," Clift declared." Jeez - these clowns are so stupid, how do they even find their way to the bathroom in the morning? Oh, yeah - that's right - they can't. That's why they're so full of sh*t. |
| Posted by: Barbara Skolaut 2010-07-20 19:40 |
| #13 Yeah, good plan ... |
| Posted by: DMFD 2010-07-20 18:32 |
| #12 Money ONLY represents the economy. Changes in the supply of money are represented as changes in the value of money. You cannot do much except harm the economy by printing more money than (real i.e net out change in debt) economic growth allows. |
| Posted by: Bright Pebbles 2010-07-20 18:28 |
#11 Clift: |
| Posted by: Mizzou Mafia 2010-07-20 15:57 |
| #10 HAD to inject the word Bush into her rebuttal, even though it had no connotation to what she was talking about. Anyone else notice that? It's like they are trying to use Neuro Linguistic Programming at this point to keep Bush in the conversation. Bush's Tax Cuts are non-sequitur to the topic, but she uses it as her arguement?! |
| Posted by: bigjim-CA 2010-07-20 15:09 |
| #9 Printing money just allows us to dig a deeper hole. |
| Posted by: AuburnTom 2010-07-20 13:10 |
| #8 Sez the financially failing waiting room joke, unintentially stating that the democrat Congress is out of control. |
| Posted by: swksvolFF 2010-07-20 12:12 |
| #7 Eleanor Clift is still alive? Lefty ferret lifespans increase with the bitterness level, apparently |
| Posted by: Frank G 2010-07-20 10:12 |
| #6 The McLaughlin Group is still on the air? Eleanor Clift is still alive? Well, hell, I shouldn't be surprised. NPR still wheels Dan Schorr out of cryogenic suspension every Saturday to play "the 2000 year old man" for the wine-and-cheese crowd. Whenever I drive down to Pittsburgh, I listen with astonishment as his Boswell, Scott Simon, conjures from the old relic the creakiest set of truisms possible on whatever news the mainstream media is pretending to be important that week. He's like a senile, liberal version of those gag weather-forecasting rocks that summer camps set up out by the parking lot. |
| Posted by: Mitch H. 2010-07-20 09:18 |
| #5 We can just print the money!? Why wasn't I informed of this sooner!? Let's get started on that right away! Thanks MSNBC, the country would be lost without you! When you guys finally go under we'll use some of that money we're printing to nationalize your company. -- sez PrezBO. |
| Posted by: Keenster 2010-07-20 08:41 |
| #4 Shouldn't that be in "Today's Idiot"? |
| Posted by: g(r)omgoru 2010-07-20 04:09 |
| #3 Besides, future generations are unborn. We'll just lay it all on their prospective little heads. Yeah, that's the ticket! |
| Posted by: lex 2010-07-20 00:53 |
| #2 Sure we can. Until the Chinese cash the check. |
| Posted by: lex 2010-07-20 00:51 |
| #1 "'Because We Can Print Money'" So could the Wiemar Republic.... Idiot. "Our results also appeared to confirm the conjecture of Abel et al. that foreign nominal assets were a closer substitue for domestic money than were real assets in Germany during this period, although the degree of substitutability between money and real assets was rising more rapidly." |
| Posted by: newc 2010-07-20 00:12 |