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The thing is, obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. such a thing has never happened and can't be allowed to happen.
-John Podhoretz
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The Thing Is, Obama Is Right That

John Podhoretz
The thing is, obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. such a thing has never happened and can't be allowed to happen.
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Government Would Be Debt

More From John Podhoretz

By creating the european central bank, the member states exposed their own government bonds to the risk of default. developed countries that issue bonds in their own currency never default, because they can always print money. their currency may depreciate, but the risk of default is absent.
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Mr. obama denounced the $2.3 trillion added to the national debt on mr. bush's watch as 'deficits as far as the eye can see.' but mr. obama's budget adds $9.3 trillion to the debt over the next 10 years. what happened to obama the deficit hawk?
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Whoever invented the meeting must have had hollywood in mind. i think they should consider giving oscars for meetings: best meeting of the year, best supporting meeting, best meeting based on material from another meeting.
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I challenge hillary clinton; take away your secret service. take it away now! take away your secret service! dismiss them! have no security around you. have no guns around you, hillary. i dare you! i dare you! obama, same thing. drop your guns, obama! take your secret service away, obama. take it all away! leave the white house unguarded, obama. let everybody know there's no guns on the white house grounds, obama. you know what would happen in 30 seconds? both of those people would no longer be on planet earth.
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This debt crisis coming to our country. the wall and tidal wave of debt that is befalling our nation. medicare and social security go bankrupt within ten years, we have a debt that is looming so high that in the last year of president obama's budget just the interest payments on our debt is $916 billion dollars.
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It's not that you don't want to earn as much money as you can - it is your obligation, of course - but companies have obligations beyond that and they certainly have obligations beyond that at certain times, in the times in which they operate. and they also certainly ought to know that meeting and beating expectations is probably yesterday's game and it will be increasingly so, which would be by the way very healthy for companies. running a company that meets and beats expectations, and that runs their company accordingly, are companies that i would question why anyone would invest in.
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