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... we're so broke that Paul Ryan (R-Wisky) can't even afford to make something other than a tinny-audioed video marking the point when this nation has rocketed past the $15 trillion debt mark.
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He's right though - a historic mark in our country's history is also marked by a historic abdication in leadership on this issue by which the (P)resident has simply refused to take one step towards any meaningful action.
Thursday, November 17, 2011
How broke are we...?
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3 comments:
Last night cspan aired a congressional hearing on small bank and credit union legislation to repeal some over regulation. They key was how TARP further destroyed the housing market through mark-to-market which was intended to save large banks. We are on the verge of a new round of housing price deflation because regulations are causing small banks to write down performing loans. These banks then close despite good loans and good capital reserves. Big TARPed banks then take the assets and auction it off which reduces market prices for houses in even smaller communities.
He's a Republican...they don't give a rat about production standards or appealing to pop-culture. But at least he's saying it. GOP should be running a prime-time ad campaign.
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