Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for June 28th, 2010

G20 Games

Posted by Phoenix Woman on June 28, 2010

Yes, it’s pretty upsetting that the entire civilized world seems to be drinking the Kool-Aid mixed up by Pete Peterson and his bond-market buddies.

Except if you read the fine print, it’s all a scam:

“To be honest, it was more than I expected,” German chancellor Angela Merkel said of the G20’s non-binding pledge to halve budget deficits by 2013 and balance budgets from 2016.

“Non-binding” means no pledge at all. In other words, this was all kabuki intended to quiet the bond markets. There will be stimulus, it just won’t be rolled out with banner announcements.

Posted in deficit, economy | Comments Off on G20 Games

Rest in Peace, Senator Byrd

Posted by MEC on June 28, 2010

The Constitution has lost a great champion.

Posted in Uncategorized | 6 Comments »

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