Wednesday, October 16, 2013

We don't need no stinkin' math. We're reporters.

“The unconscionable, unacceptable use of language, the word ‘default,’ when the borrowing we need for 2014 is we’re 16 percent short on revenue. To use the word ‘default,’ to scare the markets—are politics really that important to this administration that it ignores basic math?”

“[T]here is no such thing as default unless there is an actual evil attempt from the administration. When you have 18 percent of GDP coming in in cash, less than 2 percent going out in debt coverage—I’m stunned you all fall for it in the press. None of you were math majors, were you?” – Rep. David Schweikert (R-Ariz.)

http://www.powerlineblog.com/archive...s-were-you.php

(The ill-begotten use of language. Government shutdown. Default. What was that earlier thing ... Fiscal cliff. Words words words words words. Of course both houses of Congress will deal. They used another crisis, both as-of-yet-unplagued houses, and the only thing left to do is Let's Make a Deal. Behind Door No 1 is "U R A Dipstick 2.)

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