Drudge Retort: Red Meat for Yellow Dogs

Money

Obama's mega-borrowing is predicated on a rather thin margin of safety. We can service nearly $2 trillion in additional debt this yearon top the of the existing $11 trilliononly because interest rates are so low.

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JeffJ

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A couple of notes here:

1. This article addresses a variety of issues, not just money.

2. I don't agree with everything this author put forth. His condemnations of how Obama is handling Iraq and Afghanistan are off-base IMO due in large part to the fact that he isn't so much criticizing what Obama has already done, but what he believes Obama will do.

3. He DOES make a lot of good points with some solid historical data as support and he makes his points in a rather forceful manner.

the messiah is toast.

the messiah is toast.

#2 | Posted by chickenrancher at 2009-10-28 08:37 AM | Reply | Flag: racist

Jesus is NOT black.

There's an inconsistency in the article. The author mentions increased predator attacks in Afghanistan (peace prize material), Gitmo / Bagram, acting like Bush, etc.. but also claims Obama is an appeaser left of Carter.

Exactly, LoD.

I saw the same thing.

"Jesus is NOT black."

No, but he is swarthy. (g)

The author is a pant-pissing doomsayer
Enuf said

No, but he is swarthy. (g)

#6 | Posted by pragmatist at 2009-10-28 09:44 AM | Reply | Flag: Creepy admission

The author is a pant-pissing doomsayer
Enuf said

#7 | Posted by geehowdyfrommo at 2009-10-28 09:51 AM | Flag: Keepin' the Faith™


OFF TOPIC:

en.wikipedia.org

Shortly after Butler, in Helvering v. Davis,[22] the Supreme Court interpreted the clause even more expansively, conferring upon Congress a plenary power to impose taxes and to spend money for the general welfare subject almost entirely to its own discretion. Even more recently, the Court has included the power to indirectly coerce the states into adopting national standards by threatening to withhold federal funds in South Dakota v. Dole.[15]

To date, the Hamiltonian view of the General Welfare Clause predominates in case law. Historically, however, the Anti-Federalists were wary of such an interpretation of this power during the ratification debates in the 1780s.[23][24] Due to the objections raised by the Anti-Federalists, Madison was prompted to author his contributions to the Federalist Papers, attempting to quell the Anti-Federalists' fears of any such abuse by the proposed national government and to counter Anti-Federalist arguments against the Constitution.[16][25

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