[Be sure to read the last comment below]
Santelli Rants Against The Intellectual Arrogance Of The "Intellectuals"
The American public is "just too darn stupid to get it."
That is the message that CNBC's Rick Santelli hears from the mainstream media when discussing polls that suggest US citizens are against a rise in the debt ceiling.
Perhaps, as he exclaims, "we should only poll the Harvard and Princeton professors," since they have such a good grasp of reality.
But, it is the "giant leap of faith" that the Fed can really move unemployment and keep the economy humming along to support the level of equities that has the Chicagoan irate.
Congress - listen up - he explodes, "70% of Americans oppose raising the debt ceiling, and 55% oppose it even if it means default."
With the mid-terms not so far away, Santelli warns,
"Americans know exactly what they want and they are not getting it from the current Congress."
That is the message that CNBC's Rick Santelli hears from the mainstream media when discussing polls that suggest US citizens are against a rise in the debt ceiling.
Perhaps, as he exclaims, "we should only poll the Harvard and Princeton professors," since they have such a good grasp of reality.
But, it is the "giant leap of faith" that the Fed can really move unemployment and keep the economy humming along to support the level of equities that has the Chicagoan irate.
Congress - listen up - he explodes, "70% of Americans oppose raising the debt ceiling, and 55% oppose it even if it means default."
With the mid-terms not so far away, Santelli warns,
"Americans know exactly what they want and they are not getting it from the current Congress."
Fri, 09/13/2013 - 16:03 | 3956221
King_of_simpletons
Most people just have not had the system as a whole explained to them ...... on purpose.
For as Mr. Henry Ford said:
"It is good that the general public does not understand our banking and money system, for if they did I believe there would be revolution in the streets before morning" (or something similar)
Seriously.
17 Trillion of debt, and no way it's gonna stop growing, or go away, without reversing a hundred years worth' of a flawed banking system and social programs...
Just enjoy the time we have now before the SHTF for real.
Fri, 09/13/2013 - 16:47 | 3956386
angel_of_joy
Glad I could help.
The dufuses are the intellectuals.
1. you can't get out of a hole by digging it deeper
2. you can't spend your way out of debt by borrowing more money.
Fri, 09/13/2013 - 15:54 | 3956175
AlaricBalth
;-)
Fri, 09/13/2013 - 16:14 | 3956223
TruthInSunshine
***BREAKING NEWS ALERT***
President Barack Obama: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."
***END BREAKING NEWS ALERT***
oooops, my bad....That was Senator Obama voting against raising the debt ceiling in 2006, when the *official* National Debt was 10 trillion USD LESS.
My bad...
http://www.zerohedge.com/news/2013-09-13/santelli-rants-against-intellectual-arrogance-intellectuals
To make the vital difference saving America from DC, click here now:
I used to be him, he needs to accept that he is one of those that can see the meteor heading this way. No use screaming, just prepare and let it happen.