Saturday, November 28, 2009

While You Were Eating Turkey...

The Federal Reserve's balance sheet hit a new all time record of $2.2 Trillion in assets

Add to this the "all time record" of our deficits, and you have to wonder why the bozos in Washington are furiously looking to add another trillion dollar entitlement.

One thought is that as long as the country is going to go bankrupt you might as well run up all the credit cards as high as you can. There is no conceivable way we can climb out of this mess other than massive inflation or default.

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