Monday, March 16, 2009

ORedheads Redux

clipped from pajamasmedia.com

$3.6 trillion budget. $1.7 trillion annual deficit. $800 billion plus borrowing stimulus.  $600 billion plus in outlays for new nationalized health care, and then another $600 billion again for cap-and-trade.

These numbers are so fantastic, so absolutely crazed, that the thought of ever paying them off boggles the mathematical senses.

How many of those diabolical rich making $250,000 and above are there left to gouge to pay for this all? It simply doesn’t compute. One is left with the only possibility that we slash defense, or we will inflate our way out, since no foreign debtor will want to supply those staggering sums of cash.

 

Athens in the fourth century B.C. chose to mint “redheads”, silver coins with bronze cores that  were quickly exposed once the patina around the coins’ imprinted busts wore off.