In a (carefully choreographed as ususal) townhall meeting yesterday in Montgomery, Alabama, the Bush-war was talking to a funeral home owner about the benefits of a thrift savings-type retirement account (emphasis added):
| ....THE PRESIDENT: Let me ask you something about the Thrift Savings Plan. This is a Thrift Savings Plan that has a mix of stocks and bonds? MS. WEBSTER: Yes, sir. THE PRESIDENT: Now, how hard was that to learn how to do that? MS. WEBSTER: And I chose the safe plan, government bonds. (Laughter.) THE PRESIDENT: That's all right. Well, not so safe, unless we fix the deficit. But other than that -- (laughter). We're fixing the deficit. (Applause.).... |
Hey, Republicans! Wake up, your next-to-god leader, who does no wrong, just admitted that his deficits are making U.S. government bonds unstable! This really isn't a big deal unless you realize that in a not-even-worst-case scenario it (continued deficits) could lead to world-wide financial market collapse and massive depressions. (Tip to dKos for the lead.)
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