Senate Majority Harry Reid and his “leadership team” are rallying behind Obama, calling for him to be ready to use any means to keep the U.S. from a credit default and ringing in this fragile new year with a bona fide global financial crisis.
Reuters put this story on their headline today.
Doh! Our monthly interest payment on the $16.4 trillion debt is $40 billion. The average income of the federal government from all sources is $200 billion.
Hello! THERE WILL BE NO DEFAULT ON OUR DEBT if the Treasury Department does what every head of household in America does, and pay the most important bills first.
This is giving me migraines, all this gay Democrat poo-pah about “defaulting on our debt” and destroying the “good faith and credit of the United States.” Grown men screaming like a drag queen in some lame Hollywood reality show. Not a hair on one of their chests.
Reid encourages Obama to use “any lawful steps.” Like minting a $1 trillion monopoly coin. Or maybe twisting the 14th Amendment all out of proportion.
The Federal Reserve has no doubt been put on notice to speed up their printing presses beyond the $40 billion a month they’ve been printing for the last 18 months to by U.S. Treasury bills.
There’s always the poison pen and an Executive Order.
Hairless Reid has always been a drama queen. Now he has a few more Dems in drag to accompany Obama to the Valentine’s Day debt massacre. (The CBO says Goldilocks’ glass heels turn into smelly sneakers on February 15th.) If that’s not love, I don’t know what is.
Maybe old man Reid will have a heart attack.
Do us all a favor.
