Did You Know...


Greenspan: US Will Never Default Because We Can Just Print Money

By Doug Powers  •  August 8, 2011 03:10 PM

**Written by Doug Powers

Try the “I printed the money” approach in any high school accounting class to explain how you fixed ugly discrepancies on your balance sheet and you’ll fail the course. Do the same thing as a former Fed Chairman you’re an economic guru.

Real Clear Politics:

David Gregory, moderator of “Meet The Press” on NBC: “Are U.S. treasury bonds still safe to invest in?”

Alan Greenspan, Former Chairman of the Federal Reserve: “Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default.”

It’s amazing America is solvent at all.

Click the pic to roll tape:


Warren Buffet agrees.

“You mean the Warren Buffet who just got downgraded too?”

Yeah, that one.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
Posted in: Politics

Principled stand of the week: Hillary courageously comes out against trade deal she’s supported dozens of times

October 8, 2015 04:59 AM by Doug Powers


Maybe Val the bartender can help her sort this out

Global warming causes Sierra Club president to melt during Ted Cruz questions about ‘cooking’ planet

October 7, 2015 07:49 AM by Doug Powers


Access to “50/50” and “phone a friend” lifelines denied

Tech firm gives ‘cloud’ backup of Hillary’s (aka Val the bartender) email to FBI

October 6, 2015 08:53 PM by Doug Powers


Super-transparent presidential candidate update

Live from New York, it’s a 6-minute campaign ad for Hillary Clinton! (a Sunday open thread)

October 4, 2015 11:03 AM by Doug Powers


Satire within a satire

Joe Biden schools people who think the 2nd Amendment mentions bazookas and F-15s

October 2, 2015 02:11 PM by Doug Powers


Straw men in the crosshairs

Categories: 2016 Campaign, Barack Obama, Guns, Joe Biden

Follow me on Twitter Follow me on Facebook