“We have to spend money to keep from going bankrupt.”


if you ever wondered what a Joe Isuzu-Rainman Administration would look like your quest is over

The one bright spot in the long, dark night (if I can say that without being accused of racism) into which America has slid it is the Administration’s idiot savant, Vice President Joe Biden. Today CNSNews (obligatory h/t to Drudge) reports on Biden’s appearance at an AARP sponsored “town hall” meeting in Alexandria, VA, in which Biden clearly articulates a previously undiscovered economic principal: you can spend your way out of bankruptcy.

“We’re going to go bankrupt as a nation,” Biden said.

“Well, people when I say that look at me and say, ‘What are you talking about? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, I’m telling you.”

(I’m sure video will appear in the future but for the moment there is only audio.)


The American Spectator picks up on another Biden instant classic:

Biden noted that Medicare and Medicaid, unless changes are made, “will eventually grow larger than what our government spends on everything else in the world combined.”

The Washington Post, unsurprisingly, refuses to report Biden’s blindingly stupid statements, but even their supportive coverage contains the certifiably bizarre.

“We’re doing things that we know are going to save you, your children and your grand children billions of dollars over the next years. But we’re not able to prove it,” Biden said. He said the Obama administration has studied the effects of their proposed reforms and that reports have shown that the plan will save money.

“We’re not going to increase the deficit. By covering more people you’ll save money,” he said.

Biden’s airy dismissal of everything humans have learned about economics since Eve opened a discount fruit stand is funny until you realize this actually reflects the administration’s fiscal policies.

They are, indeed, attempting to spend their way out of a financial mess largely of their own making. They have presided over the destruction of billions of dollars of capital and thrashed a century or so of bankruptcy law in their nationalization of GM. Now they are intent on destroying any free market solutions to providing health care.

Ultimately, they will find that basic priniciples of economics can no more be defied than basic principles of physics. Tremendous damage will be done to our economy and our social fabric in the interim but one can’t expect achieving a dictatorship of the proletariat to be painless I suppose.


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30 Comments Leave a comment

Stupid is

bobojake Thursday, July 16th at 7:18PM EDT (link)

as Stupid does.
obiden go back in your hole.

You just yet to acquire the bellyfeel for this doubleplusgood blackwhite plan

6eorge Jetson Thursday, July 16th at 8:59PM EDT (link)

Newspeak dictionary

Don’t believe your lying eyes.

.

 
 

No Streiff,

clement Thursday, July 16th at 7:24PM EDT (link)

Not idiot savant, just idiot.

Good point. A Savant is good at SOMETHING. nt.

randy streu Thursday, July 16th at 7:27PM EDT (link)

Does idiocy count? If so he is actually an "idiocy" savant.

Tbone Thursday, July 16th at 7:48PM EDT (link)

I mean really, the guy can open his mouth and spew the most complex examples of idiocy ever contructed. He only needs to hear statements of gross stupidity once and he can recite them word for word. And he can even create idiocy out of multiple realities. FDR was a President; TV exists; there was a stock market crash in 1929.

Envisioning when all that is Left is the Right.

 
 
 

It's become a running theme in the Democrat party...

randy streu Thursday, July 16th at 7:26PM EDT (link)

and a defining one for this administration: Either they’re stupid, or they think we are. Or, perhaps, both.

 

What A Dunce!

mblack Thursday, July 16th at 7:36PM EDT (link)

Crazy Joe is just a reminder of the old adage “I can’t be broke I still have checks left”.

Or, to paraphrase

TNJim Thursday, July 16th at 7:39PM EDT (link)

“We can’t be broke, we still have the U.S. mint left!”

“No. You can’t” -Moe Lane

 
 

FREDO BIDEN

Dencal26 Thursday, July 16th at 7:38PM EDT (link)

When does Don Obama send Fredo on a fishing trip in the lake?

Obama Needs Biden

Spartan4Life Thursday, July 16th at 9:49PM EDT (link)

Somebody he can look smart standing next to.

 
 

You're a unique brand of Idiot Joe...

Mark D Thursday, July 16th at 7:55PM EDT (link)

And America loves you for it!

DON’T YOU EVER CHANGE! Do you hear me Joe? Don’t ever change.

You know you’ve reached rock bottom when you’re told you have character flaws by a man who hanged his predecessor in a military coup.

 

I'll take a thousand gaffe Joes over 1 deliberately deceitful Zero anyday

Common_Cents Thursday, July 16th at 8:05PM EDT (link)

At least you know what you are up against.

“Never interrupt your enemy when he’s making a mistake.” Napoleon - Well, unless he is ruining your country! Common Cents

A cult of personality arises when a country’s leader uses mass media to create a heroic public image, often through unquestioning flattery and praise.[1] Cults of personality are often found in dictatorships.

 

WOW

10ksnooker Thursday, July 16th at 8:40PM EDT (link)

If Palin were this dumb …

He was in the clear..

pharos Thursday, July 16th at 11:20PM EDT (link)

Biden was in the clear - every critic of Palin was comparing her against Obama instead of her actual counterpart.

After all, McCain was so old, she was likely to be the real choice in the election should nature take its course (sigh)…

 
 

This has to be a bad dream.

smitch61 Thursday, July 16th at 9:10PM EDT (link)

I swear to god you would think this whole debacle is a nightmare.

 

Thank God we got a qualified VP instead of Sarah Palin.

NeoKong Thursday, July 16th at 9:13PM EDT (link)

Just a heartbeat away.

We sure Dodged a bullet.
Chrysler me a river.

The opinion of a wise whitino male.

 

Joe is just articulating Keynesian economic theory

Spartan4Life Thursday, July 16th at 9:45PM EDT (link)

It really is ridiculous when you hear it out loud but this has been accepted economic dogma for 75 years.

Does anybody ever think about what kind of shape we are in as a country and a world economy if it is proven(like I think it will be) that Keynes was a liberal buffoon?

Keynes has done more damage to the global economy than anyone could have done if they tried. Go back and read his writings. Even he knew his idea of government spending money they didn’t have was just a musing on a dull day. Yet it has been the prevailing economic thought since the 30s. Keynes is dead. Time for a new world order.

Disagree

Streiff Friday, July 17th at 8:52AM EDT (link)

while agreeing that Keynesian economics has probably created more misery that it has averted, Biden’s description is not of Keynesian economics.

“A man does what he can and endures what he must.”

you are correct

kyle8 Friday, July 17th at 9:31AM EDT (link)

When it comes to Keynes’s theories.

But as to his actual practical experience, During the FDR days, he definitely advocated massive borrowing in order to stimulate the economy. So the fact is that he didn’t practice what he preached and the left wing has been operating that way ever since.

I have heard people on Redstate who believe that Obama knows that he is destroying the nation and is doing it on purpose. I don’t believe that. I think he genuinely believes that he will be another FDR and he is using all the same things in FDR’s playbook: Deficit spending, pro-unionism, nationalization industries. It all comes from the new deal.

“Nothing works like freedom, Nothing succeeds like liberty”
Kyle

 
 
 

He Should Mail Me A Large Personal Check

Repair_Man_Jack Thursday, July 16th at 9:51PM EDT (link)

Perhaps it would increase the balance in his bank account.

Hope is not a plan. Change is not always good.

 

Is Biden's statement any different than

bk Thursday, July 16th at 10:18PM EDT (link)

“We will use racial preferences to eliminate racial preferences.”

or

“We plan to reduce the number of abortions by eliminating all abortion restrictions and paying for them upon request.”

or

There seems to be a pattern here.

 

And they were worried about Palin?!

drjecdo Thursday, July 16th at 10:32PM EDT (link)

This guy was the biggest moron in the Senate through 4 decades; he leaves, and Al Franken takes his spot. Barbara Boxer just can’t catch a break.

 

AARP = ACORN w/ discount motels

popdaddy Thursday, July 16th at 11:21PM EDT (link)

After days of reading about Medicare dismemberment, rationing and The Moron’s desire for seniors to check into a hospice to save healthcare funds, I checked the AARP website today.

The AARP homepage is filled with discount offers for motel, travel and their healthcare suppemental plans but there there was only ONE link to an article about the current healthcare disaster being proposed. Of course it read as sometning straight from the Moron administration or AP (same as).

No doubt real Americans are overwhelmed with the attack on the economy, taxes and values by the Moron administration. But do not think the kind, socialist democrat folks at AARP give a rats behind about anything other than supporting the socialist agenda being proposed in Congress.

It’s amazing to me people give money to this sorry lot. Where is the outrage we saw from AARP when President Bush actually proposed something to strengthen the failing Social Security program?

Harry and Louise to return to Ads...

JLenardDetroit Thursday, July 16th at 11:31PM EDT (link)

(I say that here as didn’t AARP have something to do with those ads?… anyway…) This time to SUPPORT HC (mislabeled) Reform!!! What a Joke… I’m thinking they are in favor of it now because they need to ensure (or, insure ;-) ) their Bills are covered WHEN THEY HAVE THEIR HEADS EXAMINED for this reversal of supporting a complete Takeover of HC when it was oppose by them in Ads under Clinton.

We need that CPR group to do attack ads along the “joke line” of coverage to get heads examined for Harry and Louise to point out the blatant silliness of this move as unfounded, unreasonable, and questioning of what PAYOFFS had been made (Dem. Money Laundering) for support of this turkey that will HARM Seniors.

(RS:Help) (JLD) (Hollyweird) (Brain-deads) (SPIN-cycle) (Obamaocare) (Party of kNOw) (Conservatism) (TEApeats) (respectful) (Reco) (Quotes) (removeRINOs.com) (Merry RSmas)
+ 0bama Lies & your Bank acct will Die! (4/15 Truthers)
+ Heil “O” Hell No Obamao is NOT MY PRESIDENT! “No U won’t”
+ I want “O” to FAIL (here, here, & whole Diary (Ofail) here, is why)
The first Liberal was Satan” - a Rush caller (other Quotes)

 

Wow. Last time I checked, seniors were large consumers of healthcare.

6eorge Jetson Thursday, July 16th at 11:43PM EDT (link)

If the AARP was represented its stated constituents, they’d be fighting the Ministry of Plenty (rationing) tooth and nail over the Hellth Act. Of course, as you mention, the stated constituents (retirees) aren’t the ones whose interest they’re serving.

First they ticked me off

Lammo Friday, July 17th at 12:29AM EDT (link)

by sending me stuff before I turned 50. I’ve always had a sneaking suspicion that they had a very liberal agenda. Last night, AARP held a health care town hall in my fair city cosponsored with the SEIU - - guess which type of reform plan they were supporting. So, they’ve finally proved it. No hotel discount is worth giving a penny to those who work against my interests.

ACORN: Association of Criminals Obama Represented in the Nineties. (jupitersuite)

Don’t be so open minded that your brains fall out. (Fr. John Corapi, SOLT)

Crime never takes a holiday. (Dennis J. O’Shea, R.I.P.)

Unlawful is against the law. Illegal is a sick bird. (Ooold joke)

Outside of a dog, a book is a man’s best friend. Inside of a dog it’s too dark to read. (Groucho Marx)

 

yup, old fogies are first in line

Freedoms Truth Friday, July 17th at 12:32AM EDT (link)

See my latest diary “Ten Ways Obamacare will kill you”.

If you are over 65, see the writing on the wall. They are carving out cost-savings by letting grandma go quietly without that hip replacement surgery, or cataract surgery, or …

But AARP is like many a suck-up-to-liberalism organization, not much more than a useful idiot front group for the Democrats.

 
 
 

AARP doesn't give a hoot about senior health care.

Old_Crow Friday, July 17th at 6:48AM EDT (link)

Because if they did, then this portion of the bill would be met with outrage:

“One troubling provision of the House bill compels seniors to submit to a counseling session every five years (and more often if they become sick or go into a nursing home) about alternatives for end-of-life care (House bill, p. 425-430). The sessions cover highly sensitive matters such as whether to receive antibiotics and “the use of artificially administered nutrition and hydration.”

This mandate invites abuse, and seniors could easily be pushed to refuse care. Do we really want government involved in such deeply personal issues?”

“Enlightened statesmen will not always be at the helm.” — James Madison
“So this is how liberty dies.. with thunderous applause” — Star Wars III

And what about the Medicare and Medicaid "cuts"

bk Friday, July 17th at 8:55AM EDT (link)

Under Bush, cutting a sliver off the explosive growth of these entitlements would have been called an outrageous draconian cut aimed at the old and the poor.

 
 

The theory is sound!

drealoth Friday, July 17th at 1:31PM EDT (link)

In most computers, integers (whole numbers) are stored using 32 or 64 bits - that is, a string of 1’s and 0’s of length 32 or 64. In the same way that a normal 3 digit number (for example 235) can take on one of 10*10*10 = 1000 different values, a 3 digit binary number can take on one of 2*2*2 = 8 different values. Now, suppose we have the number 999 and we try to add 1 to it, BUT we only have 3 digits to use, what happens? We end up back at 0!

So, assuming that the computers keeping track of this great amount of debt are using 64 bit integers (as is the fancy at the time), once we hit about $1 800 000 000 000 000 000 in debt, if mine and Biden’s theory is correct, all of the computers should wrap around to zero again and we will all be saved. I heard somewhere that whoever spends that final dollar gets a prize, too.

I am a supporter of the Canadian Green Party, but forgot to mention that when I came here to troll around.

 

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