"This is the United States of America," declared President Obama to the burghers of Liberty, Missouri, on Friday. "We're not some banana republic."
Read the whole thing (excerpts below) - discussing several ways that America is actually quite "banana republic-esque".
He was talking about the Annual Raising of the Debt Ceiling, a glorious American tradition that seems to come round earlier every year. "This is not a deadbeat nation," President Obama continued. "We don't run out on our tab."
True. But we don't pay it off either. We just keep running it up, ever higher. And every time the bartender says, "Mebbe you've had enough, pal", we protest, "Jush another couple trillion for the road. Set 'em up, Joe."
As Obama explained in another of his recent speeches, "Raising the debt ceiling, which has been done over a hundred times, does not increase our debt."
Where do you go to get a piece of this action? As the old saying goes, bank robbers rob banks because that's where the money is. But the smart guys rob taxpayers because that's where the big money is.
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