Sunday, February 8, 2009

Attention Reporters: Questions for Politicians

1. What do you suspect will the FY 2009 federal budget deficit be? How much will we add to the national debt? Why are those numbers different?

2. Who buys our debt if there are no buyers? How much debt has the Federal Reserve bought? 
Do we pay the Federal Reserve interest when they buy Treasury Securities?

3. In theory, who would spend more money in Washington, a conservative Republican, or a liberal Democrat? If Blue Dog Democrats agree there must be less spending in Washington, wouldn't they continually be opposed to Democrat Chairmen and Speaker of the House Nancy Pelosi?

4. Aren't you worried about our dollar becoming worthless (inflation) and extremely high interest rates (cost to borrow) if we borrow $2.5 trillion in one year?

5. Aren't you scared that you don't know what you are doing in Washington? Do you ever look over at Maxine Waters and think to yourself, "God Help Us?"

6. Is America still the richest country in the world?

7. Since you have been elected, what warnings did you give to predict this economic crisis?

8. When did you first learn about a mortgage backed security and a credit default swap? When was the first time you used "tranche" in a sentence. Was it before or after you learned the word "gravitas?"

9. Who do you rely on for comfort when you vote to spend money we don't have?

10. Are we selling gold on the open market to raise money to pay off our debts and to buy large blocks of oil at todays prices?


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