No Worries!

Well, thank goodness. Here I was, silly religiogunclingy type that I am, getting all concerned and nervous because our government is spending money at a rate far faster than we can hope to repay whilst at the same time increasing the regulations and restrictions on both our economic activity and our Constitutional rights. Oh, and we’re underwriting European bankruptcies as well. But fear not, simpleton that thou art, Bingley!

The US exposure to the European debt bailout could be at least $50 billion, but the chance of taxpayers actually being on the hook for that appears remote.

See? “Remote”. This from the same group of Real Smart People who said Fannie Mae and Freddie Mac “posed no risk to the government or Us taxpayers.” The same group who told us how ObamaCare would bend that cost curve and save money.

So I am perfectly comfortable in the knowledge that we are totally screwed yet again.

7 Responses to “No Worries!”

  1. Skyler says:

    Fifty billion here, fifty billion there, who cares? The new number to worry about is a trillion. Fifty billion is chump change.

  2. Mr. Bingley says:

    Sad but true.

  3. JeffS says:

    Them socialists gotta stick together, after all.

  4. Yojimbo says:

    “AT LEAST”!#&^%

  5. Dave E. says:

    I find your lack of faith disturbing, Bingley.

  6. Yojimbo says:

    Where are all these “useable resources” anyway?

    The IMF would be first in line as a creditor on a Greek default. What could possibly go wrong with that!

    Not even sure that there is no counterparty risk with the ECB anymore. Exactly what would the ECB look like on Monday if the EU had unwound over the weekend?

    Last week people were arguing over whether we should be on the hook for six to eight billion. Progress.

  7. don says:

    $50 Billion, oh, that’s chump change anyway.

    I honestly feel there is a bigger picture in everything taking place yet not understood.

    I’m unsure of exactly what it involves, at the moment.

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