Monday, June 20, 2011

Parsing the Feds

parse -
transitive verb
2: to examine in a minute way : analyze critically

Our federal financial types are telling us that if we don't raise the debt limit so we can borrow more money, then we'll have to default on our current obligations. Treasury Secretary Timothy Geithner says that interest rates would spike, stock and home values would sink, savings and investment would dry up, jobs would disappear, businesses would fail, and everything from tax refunds to troops' salaries would go unpaid.

Here's the translation for normal people:
We owe too much right now, so we'd better borrow some more.

It's interesting that paying down debt apparently hasn't occurred to anyone in DC.

I wish I could run my household like that. Of course, I wish I could tell my employer how much more he has to pay me every year as well.

Posted by Pygmalion 56

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