{"id":32023,"date":"2012-11-26T06:00:06","date_gmt":"2012-11-26T12:00:06","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=32023"},"modified":"2012-11-25T10:35:00","modified_gmt":"2012-11-25T16:35:00","slug":"limits-have-always-been-dumb-winston","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=32023","title":{"rendered":"Limits Have Always Been Dumb, Winston!"},"content":{"rendered":"

Joe Doakes from Como Park emails:<\/p>\n

Why Obama Administration Treasury Secretary Geithner says there shouldn\u2019t be a debt limit for the federal government<\/a>.<\/p>\n

\"\"<\/p>\n

On the other hand, we can be certain most of that $23,000,000,000,000.00 is Bush\u2019s fault. Must be. Somehow. So I suppose that\u2019s okay, then.<\/p>\n

I still haven\u2019t figured out The Plan. We can run up unlimited debt without any consequences because, why, exactly?<\/p>\n

We don\u2019t have enough money to fund day-to-day operations so we take an operating loan. Fine, but doesn\u2019t that loan eventually get repaid meaning someday you expect not only to have enough money to fund day-to-day operations, but also surplus money to pay down the principal? How many rich people do we have and can we possibly tax them enough to pay off that kind of debt? If now, what\u2019s the plan for retiring the debt?<\/p>\n

Alternatively, if the plan is not to repay it but to keep printing money, doesn\u2019t that result in Weimar or Zimbabwe inflation and economic ruin?<\/p>\n

I don\u2019t understand it. Fine, I\u2019m ignorant, explain it. But the politicians can\u2019t explain it in a way that I can understand it. So either I\u2019m ignorant AND stupid, or they\u2019re bullshitting me and have no solution but won\u2019t admit it. I concede the possibility of the former but I suspect the latter.<\/p>\n

Joe Doakes<\/p>\n

Como Park<\/p><\/blockquote>\n

I’m trying to figure out what the Dem’s campaign to make unlmited debt seem normal, even good – because that’s what they’ve done for every perversion of reality they’ve inveigled the American people into accepting – is going to look like.<\/p>\n

I’m going to guess:<\/p>\n