THE DEPTH OF DEBT -- Just A Minute radio for Monday 03-23-09

            Howdy for another week…

           

            We’re set to roll again for another round of JUST A MINUTE expose’s of what’s happening on the Treasury and White House door steps. I heard one commentator over the weekend say it was more than tragic – it’s incompetent for the Secretary of the Treasury to be unable to fill the ranks of his staff to get the job done that needs to be done.

 

            Well – I for one have wondered for a long time if we couldn’t do without quite the number of bureaucrats we seem to have… and like termites they swarm and multiply every year… unless they are exterminated… and it looks as if Senator Grassley from Iowa has collected quite a number of brickbats for suggesting there should be a number of suicides amongst those who were supposed to be watching the henhouse while the foxes stole the chickens.

 

            But – today’s program may throw a little more light on the subject. I dug the relevant statistics out of a report that originated in Red China… sorry … I know that’s not the politically correct name… but it looks nice on a yellow table cloth. Anyway… I think you’ll hear Mr. Wen speaking truth to power if you tune in or read today’s JUST A MINUTE.

 

            BTW – We’ve tried to establish a new discussion group on our sister blog – Just a Minute – on Facebook.  You certainly know the drill better than I… google JUST A MINUTE RADIO and you’ll certainly run across it… or try Jack Buttram… and eventually you can wend your way through that weed filled patch too.

 

            Anyway… I look forward to exchanging information and opinions with you from time to time as the opportunity arises. Now that Spring is here… perhaps this would take your mind off the economy.

 

            Cordially, IN HIM

 

            Jack

 

http://www.jebcovoice.net/audio/jama03-23-09.mp3

 

http://www.jebcovoice.net/scripts/jamt03-23-09.doc

 

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“JUST A MINUTE”

THE DEPTH OF DEBT

JUST A MINUTE – No bureaucrat seems able to explain to simpletons like me, just how bad a financial fix we’re in. But here’s a, Mr. Wen, from the Red China government saying he’s a “little worried” about the quality of the United States debt.  Now maybe we’re getting a more accurate financial picture out of Beijing than Washington.

Mr. Wen, is really saying even the U.S. national balance sheet has its limits. The dollar is the world's reserve currency, so we have the rare privilege among nations of being able to borrow (and then repay our debts in our own currency) – and America, at the moment -- remains a major safe haven.  But he’s adding -- reserve currency status isn't just conferred -- and it can vanish quickly when nations are irresponsible.

Message emphasized when German Chancellor, Angela Merkel, and other Europeans flatly rejected Obama's call for imitating our spending actions.  

          So -- it appears we now get a clearer picture of our problems from the Chinese Communist government than we get out of the White House or the Treasury. –  Congress, of course, is hopeless.

<> I’m Jack Buttram

 

 

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