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	<title>
	Comments on: Who&#8217;s Being Fooled?	</title>
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	<link>https://norunnyeggs.com/2009/01/whos-being-fooled/</link>
	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		<title>
		By: dad29		</title>
		<link>https://norunnyeggs.com/2009/01/whos-being-fooled/comment-page-1/#comment-36897</link>

		<dc:creator><![CDATA[dad29]]></dc:creator>
		<pubDate>Fri, 09 Jan 2009 02:10:50 +0000</pubDate>
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					<description><![CDATA[One wonders if Ayn Rand&#039;s philosophy has taken its final poison at the hand of Al Greenspan, Rand-ite disciple....

That would be the good news!]]></description>
			<content:encoded><![CDATA[<p>One wonders if Ayn Rand&#8217;s philosophy has taken its final poison at the hand of Al Greenspan, Rand-ite disciple&#8230;.</p>
<p>That would be the good news!</p>
]]></content:encoded>
		
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		<title>
		By: Shoebox		</title>
		<link>https://norunnyeggs.com/2009/01/whos-being-fooled/comment-page-1/#comment-36894</link>

		<dc:creator><![CDATA[Shoebox]]></dc:creator>
		<pubDate>Thu, 08 Jan 2009 17:07:18 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=4352#comment-36894</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2009/01/whos-being-fooled/comment-page-1/#comment-36892&quot;&gt;scott&lt;/a&gt;.

Well, not blogging for one.  But, to your specific point.
Not all debt is bad...that goes for households and govts.  However, Obama (yes and Bush) are taking us down the path that looks just like the subprime debacle.  They want to overleverage the debt side and do it with debt that will likely (unless Treasury gets good at something they&#039;ve never been able to do previously, taking their foot off the gas at JUST the right time) have significantly increasing interest rates.  They&#039;re basically signing up for a no money down, teaser rated, variable mortgage.

I&#039;ve consistently been a &quot;cut the spending&quot; guy....I&#039;ve been that way through Bush and will continue with Obama.  No economy has ever spent their way to prosperity but many have failed attempting to do so.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2009/01/whos-being-fooled/comment-page-1/#comment-36892">scott</a>.</p>
<p>Well, not blogging for one.  But, to your specific point.<br />
Not all debt is bad&#8230;that goes for households and govts.  However, Obama (yes and Bush) are taking us down the path that looks just like the subprime debacle.  They want to overleverage the debt side and do it with debt that will likely (unless Treasury gets good at something they&#8217;ve never been able to do previously, taking their foot off the gas at JUST the right time) have significantly increasing interest rates.  They&#8217;re basically signing up for a no money down, teaser rated, variable mortgage.</p>
<p>I&#8217;ve consistently been a &#8220;cut the spending&#8221; guy&#8230;.I&#8217;ve been that way through Bush and will continue with Obama.  No economy has ever spent their way to prosperity but many have failed attempting to do so.</p>
]]></content:encoded>
		
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		<title>
		By: scott		</title>
		<link>https://norunnyeggs.com/2009/01/whos-being-fooled/comment-page-1/#comment-36892</link>

		<dc:creator><![CDATA[scott]]></dc:creator>
		<pubDate>Thu, 08 Jan 2009 16:16:10 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=4352#comment-36892</guid>

					<description><![CDATA[Where were you when Republicans were decrying US treasury bonds as &quot;worthless IOUs&quot;?  That was back when they were trying to privatize social security.  Remember?]]></description>
			<content:encoded><![CDATA[<p>Where were you when Republicans were decrying US treasury bonds as &#8220;worthless IOUs&#8221;?  That was back when they were trying to privatize social security.  Remember?</p>
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