Funny Bonds
The President of the United States apparently thinks making jokes about the safety of U.S. Treasury bonds is funny.
Me? Not so much. Given that a pretty significant portion of the world’s economic system is based on the fact that the United States won’t renege on its debts, such jokes seem more than a little irresponsible to this blogger.
And the kicker is: the president admits in his little joke that the massive federal deficits he is overseeing are a problem. Too bad he can’t seem to figure out that his massively irresponsible tax cuts caused the problem.
(Hat tip: Atrios)
Update: Ducktape makes an excellent point with a comment following a related Think Progress entry:
I suppose those folks at the central banks in Japan, China, and other countries who are funding our ever-growing deficit may be interested to learn that the President thinks they?re ?not so safe? now.
