A Capital Awash in Borrowed Money

The Al and Jesse extor­tion strat­egy has again proved its merit. It worked with cor­po­rate Amer­ica and with a lit­tle fine-​​tuning it also works with the Amer­i­can taxpayer.

Among the [Black] cau­cus’ demands were greater assis­tance for minority-​​owned auto deal­er­ships and banks that lend in African-​​American com­mu­ni­ties and more gov­ern­ment adver­tis­ing in minority-​​owned media.

The rea­son this works is because Wash­ing­ton is awash in dol­lars and is hard-​​pressed to find ways to spend them.

In a bold but risky year-​​end strat­egy, Democ­rats are prepar­ing to raise the fed­eral debt ceil­ing by as much as $1.8 tril­lion before New Year’s rather than have to face the issue again prior to the 2010 elections.

All so the United States can bor­row more money to give emer­gency “loans” to peo­ple in order to add to the loans they have already proven they can’t repay. Oh! If you’re black it’s time to start an adver­tis­ing agency.

Here’s the extor­tion story and Here’s the debt story. If you’re feel­ing very, very strong Here’s the U.S. Debt Clock.

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Tags: debt, stimulus