National Debt Clock
Showing posts with label Biden. Show all posts
Showing posts with label Biden. Show all posts

Thursday, July 16, 2009

Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

http://www.cnsnews.com/public/content/article.aspx?RsrcID=51162

" 'You’re telling me we have to go spend money to keep from going bankrupt?’ Biden said. 'The answer is yes, I’m telling you.'”

Definitions:
Bankrupt: Having been legally declared financially insolvent.
Insolvent: Having liabilities in excess of a reasonable market value of assets held

According to these definitions, to prevent bankruptcy, one must become more solvent. That would mean reducing liabilities or increase assets.

According to Biden, to prevent bankruptcy, one must also become more solvent. This is accomplished by increasing liabilities, borrowing more debt, and decreasing assets, spending money. Make sense? duh.

Thursday, April 9, 2009

Rove Calls Biden 'Liar' After VP Boasts of Scolding Bush

http://www.foxnews.com/politics/first100days/2009/04/09/rove-calls-biden-liar-bush-aides-challenge-vps-boasts/

Imagine what would have happened if Cheney had continuously lied about events...I'm sure the press would be all over him, but when it's a liberal democrat, it's okay, we can tolerate those that stretch the truth.

Also, I don't like Rove's comment that Biden could get away with this as a Senator. No sir, you can't get away with it ever. This is why people don't like politics. We need to demand from our politicians a higher standard since they are leaders.