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

Climate change getting so bad the State Dept. has issued a worldwide travel warning

November 24, 2015 09:49 AM by Doug Powers


Way to go, climate deniers!

Obama to Pentagon: Hurry up with an excuse for why I told everybody ISIS was contained when it obviously wasn’t

November 23, 2015 07:49 PM by Doug Powers


Desperately seeking scapegoats

Harry Reid (D-Espicable) preemptively blames Republicans and NRA for the next terrorist attack in the U.S.

November 20, 2015 01:23 PM by Doug Powers


Retirement beckons

Your tax dollars at work: Planned Parenthood announces $20 million effort to defeat Republicans

November 19, 2015 07:51 AM by Doug Powers


“God bless you” Planned Parenthood

Categories: Abortion, Barack Obama, Democrats, GOP

Follow me on Twitter Follow me on Facebook