In response to:
But drunken sailors stop spending when they run out of money.
Don’t worry, folks. All is well.
Barack Obama “gets” it.
"The president gets it," says the chief executive officer and chairman of Honeywell, in a Reuters article.
“David Cote, chief executive and chairman of Honeywell,” says Reuters, “told reporters that Obama understood a combination of tax measures and reforms of social programs will be necessary to address the so-called fiscal cliff and beyond that, the deficit.”
I’m really glad that Obama met with business leaders to straighten out that pesky “tax” thing that the rest of us have been so confused about. I’m equally comforted that the major wire services...
The only reason he can continue to spend now is because the U.S. currency is the world base currency. When that is changed like the Pound Sterling was dropped our printing presses will have to stop and our money will be worth nothing.