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Just when I was becoming convinced by all my liberal friends that George W. Bush is probably the dumbest man in the world, and surely the stupidest president we’ve ever had, Barack Obama lets us know, even before he is president, that we will need to run trillion dollar deficits for years to come.
Our nation’s problem is debt. So adding more debt for our children to pay off will get us out of debt?
Now that’s stupid!
Do I really think Obama is stupid? No, not really. So I’m not saying he’s actually stupid. But to believe such a fantasy that we can actually solve our national monetary problems with debt is absolutely absurd! Try that at home for any length of time, and see what happens to your personal value.
Yes, I know, an economy is more complex than this. Yes, I know that debt can be invested to produce more wealth than the initial amount of debt. Yes, I know that there are theorists out there that believe these things. And, yes, I believe they are also misguided by ideology instead of facing reality.
Here’s a video of Ron Paul on why we’re into this mess and why it won’t work:
