Wednesday, April 06, 2005

Dubya Will Get His Back, of Course

Josh Marshall points out something interesting about the Chimp's sneering visit to West Virginia yesterday:

Foreigners hold quite a bit of US debt. What are theirs worth? Are they going to get their money paid back?

Wealthy Americans do too. In fact, most of President Bush's personal wealth is in the form of US government debt. Is he going to get his money paid back?

He wants to borrow $5 trillion more. Are those folks going to get paid back?

That's what this is all about. Defaulting on that portion of the federal debt. Those folks will all get their money back. But the president figures you can be stiffed.

If you pay most of your taxes in payroll taxes (like the overwhelming majority of Americans) he's trying to play you for a fool.

Simple as that.

The parasites will get their money, the Chinese will get their money, and to hell with you, my friend.


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