March 1, 2013

The wisdom of Bloomberg: citizens cannot be trusted with 32 oz of soda, but US Government has ‘infinite amount of money’ so sequester is no BFD [Darleen Click]

Say what?

[W]hile saying the federal deficit does indeed need to be curtailed, Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default.

“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”

Chutzpah, on steroids.

h/t Weasel Zippers

Posted by Darleen @ 6:58pm

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Comments (30)

  1. “There’s no chance that the iPhone is going to get any significant market share. ”
    –Steve Ballmer

    “They can’t stop lending us more money.”
    –Michael Bloomberg

    “I am not a dictator.”
    –Barack Obama

  2. heard elsewhere: If Feds have infinite amount of money, then why do us citizens need to pay taxes?


  3. If Feds have infinite amount of money,

    then it is worthless. see: grains of sand.

  4. “Listen, I’ve worked now in government for 11 years,” he said. “One of the problems is the definition of ‘waste.’ You think the programs that I want are waste. And I think the problems that you want are waste. It’s not like somebody is taking wheelbarrows full of dollar bills and throwing them out the window. It’s a question of definition, what is ‘waste’ and what is not. Everything we have was put in by Congress, signed by the president. There was a reason for it, or a constituency for it. Most of the tax breaks are designed to encourage or discourage economic activity. There’s a reason for it.”

    Fucking used car salesmen.

    We have handed the country over to a bunch of fucking used car salesmen.

  5. One of the problems is the definition of ‘waste.’

    paying teachers to sit in a room for 10+ years to do nothing might be wasteful if you’re not a union thug.

  6. Just for the record, there aren’t an infinite number of particles in the universe — not even close. Despite his wealth, I’m guessing Bloomberg understands the concept of fiat money about as well as he understands the concept of infinite.

  7. If a dollar is worth less than a grain of sand, I’m-a start stockpiling sand.

  8. is there a plethora of stupid people with power these days or is it sumthing i et?

  9. – What we’ve become is a nation of TV prime time advertising slogans.

    “The more you spend the more you save!”

    – Straight out of a Madison avenue ad campaign.

  10. – What dickhead Bloombutt isn’t saying is what happens to any organization that gets into debt at 20 or 30 times its fiscal earnings, and thats taking a very opptimistic view of our actual “fiscal value” in terms of annual earnings, or in this case, “true wealth”.

    – Last time I looked China essentially owns us, thanks to assholes like the Won and his flock of fascists.

  11. Something about Bloomberg makes me just want to drink corn syrup and do whippets all day.

    This might be his clever plan.

    Follow the money.

  12. listening to a shriveled-dick fascist like sexual harassment aficionado michael bloomberg lecture about our failshit little country’s obscenely ginormous debt is kinda like listening to effete canadian trust funder david frum expostulate about bad-ass palinesque killchicks

  13. there’s a simile in there somewheres I swear to god

  14. – Gods only part in any of this is to provide us with free will and the opportunity to make complete and utter assholes of ourselves, and Bloombutt wastes no time taking full advantage of the opportunity.

  15. Mr. Hunter osama bin laden scared the piss out of pussy new yorkers to where they just want mommy to tell them what’s good and what’s bad for so they don’t have to think

    it’s like stockholm syndrome times 1,000 with them ones

  16. Something about Bloomberg makes me just want to drink corn syrup and do whippets all day.

    This might be his clever plan.

    This. Bravo.

  17. He’s just trying to educate us, you haters.

    You can still take your smaller cup and refill it a bunch of times. Which- exercise! Right?

    He’s a thinker, that one.

  18. Carin, when did you develop a lisp?

  19. The stupid has worn me out.

    I’m assimilating.

    “Let’s MOVE!”

  20. When I am King, I’m going to make everyone do P90X and run.

    Soda?HA. Water kefir for everyone.

    These bitches don’t know how to do healthy. I laugh at their feeble measures.

  21. And I feel very confident that I could beat Moochelle at a pushup contest.

    And someone tell that bitch that her body is supposed to be flat. She sticks up put up.Poor form.

  22. When I am King, I’m going to make everyone do P90X and run.

    So you’re the secret Gov. Snyder pick to manage Detroit. Things are looking up then for SE Michigan.

  23. So you’re the secret Gov. Snyder pick to manage Detroit. Things are looking up then for SE Michigan.

    I’m gonna close all the “Fried chicken/shrimp/ you buy- we fry” shacks in the city.

    It’s for their own effen good.

  24. I think it is only a matter of time before the school systems realize that they must eliminate all use of the capital letters “L”, “J”, “F”, and “V.” The teaching of these “Gateway Shapes” contributes greatly to the increasing occurrence of these pre-violence events among our impressionable children.

  25. Carin, you can ease your new charges into their exercise routines by making them clean up their yards, fix their screens, paint the house and mow the grass.

    You need a catchy motto about how cleaning the neighborhood is good—with an underlying threat in the message of “or else”, of course.

  26. Human sacrifices, totalitarianism. Human sacrifices, totalitarianism. Human sacrifices, totalitarianism.

    I’m thinking, I’m thinking!

  27. Detroit.

    The urban disaster that is today’s Detroit is almost beyond imagination. Just compare it to Hiroshima. In 1945, the latter was flattened by an atomic bomb and Detroit was the fourth largest city in the United States, with a population of over 1.8 million, the center of its largest and most powerful industry. Today, Hiroshima is a gleaming, modern city and Detroit has a population of 706,585 and ranks 18th, behind such cities as Indianapolis, Columbus, Ohio, and Charlotte, North Carolina. Long the arson capital of the United States, whole neighborhoods are now barren wastelands.
    Led by a kleptocracy in league with municipal unions, Detroit continues to hemorrhage population, wealth, and quality of life. It didn’t take an atomic bomb to destroy Detroit. Mayors such as Coleman Young and Kwame Kilpatrick were quite enough.

    You’re a piker Bloomie, you too Rahm, come to Michigan and see how to really destroy a big city. Damn pantywaist, minor league, tyrants.

  28. The city counsel in Detroit has to be wetting itself if its books are subject to audit.

    We’ll learn where all that bacon that was brought home from Washington ended up.

    Good times.