Newsweek Clift: "We won't face Greek Dept Tragedy because we can print money!"

[teapartysamurai]

"Is America in danger of the current debt crisis becoming a sovereign debt crisis as Mort [Zuckerman] mentioned, like the one that is now hitting Greece, yes or no?" McLaughlin asked.

MSNBC political analyst Pat Buchanan warned it was more "imminent" than many people have forecast. He cited British historian and Harvard professor Niall Ferguson, who has declared the country to be on the brink of a Greek-like collapse.


"Not only yes, but it's a lot sooner than the 10 years Mort is talking about," Buchanan said. "Niall Ferguson is talking about two years. It could be imminent. The Greek thing hit - bam."



However, Newsweek's Eleanor Clift - a proponent of many of the spending policies the Obama administration has put in place, said this wasn't a danger. Why? The ability of the government to monetize debt.

"No - because we can print money and Greece can't," Clift declared. "And the Bush tax cuts are for the people at the upper-end of the income scale - not the middle class."​

Newsweek's Clift: U.S. Won't Face Greek Debt Tragedy 'Because We Can Print Money' | NewsBusters.org

This is an example of what liberals think is the solution to our problems. Just print money, regardless of whether or not, the stuff will be worthless.

Did Ms. Clift ever study what happened to Weimar Germany with such a policy. The legends about needing a wheel barrow full of money to buy shoes?

Why can't liberals ever learn from history? Because, history tells them their policies are wrong, and they just don't want to hear it.




​

 

[Sherry]

They know history and they know how to collapse the system.

 

[Baruch Menachem]

The Greeks had the same attitude.

There is a greek word for it. Hubris.

 

[bucs90]

Wow. I'd say "amazing", but it's not. It's just the rotted, disfunctional brain of the liberal mental disorder. "We can print money".

It goes back to my theory of Mommy Syndrome liberals suffer from. A mom telling her kid "Money doesn't grow on trees" when he wants more and more and whines when he doesn't get it. Now, libs are in charge of the printing press, and think they'll just print more and more and more money, and NOTHING will be affected.

Stupid liberals. They are the mental oil spill of our country.

 

[LibocalypseNow]

Clift is a loyal Hopey Changey so her absurd comments are not surprising. What else would a Socialist/Progressive Democrat say? What a loon.

 

[SFC Ollie]

Scary, very very scary.