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Biderman Nominates Krugman For 'The Big Lie' Award

Tyler Durden's picture




 

Biderman's back and belligerent as ever. The TrimTabs CEO is perplexed at Krugman's (empirically) flawed assumptions that the US government can manage the US economy (better than a free market), destroys Krugman's cornerstone argument that the deficit is reducing to sustainable levels (thanks only to a big jump in taxes and not growth), and suggest he win an award for perpetuating "The Big Lie" that deficits don't matter because 'we owe it to ourselves'. The bottom line is thanks to simple supply and demand, the Fed is blowing a huge bubble in stocks "that will explode," since the typical growth in incomes is not there. Biderman wholeheartedly agrees with David Stockman and goes on to warn of the "Ides of April" as, while many proclaim the calendar as indicative of it being a great month; in bull runs, he notes, taxpayers are 'trained' to sell at the last moment and with tax-day arriving soon, he expects this week to remain bid (on quarterly flows) and next week to be trouble (as taxes weigh).

 

Spend the time and listen to the numbers - they are fact not fiction...

 

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Tue, 04/02/2013 - 20:25 | 3401464 P Rankmug
P Rankmug's picture

Who hasn't destroyed a Krugman argument?

Tue, 04/02/2013 - 20:29 | 3401472 akak
akak's picture

Not even excluding Krugman himself!

Tue, 04/02/2013 - 20:46 | 3401509 Stoploss
Stoploss's picture

I guess the US bank account seizures start in Cali??

Tue, 04/02/2013 - 20:59 | 3401531 AlaricBalth
AlaricBalth's picture

... we owe it to ourselves.
The Fed is not "ourselves. "

Tue, 04/02/2013 - 21:05 | 3401548 nmewn
nmewn's picture

Zactly...therein is the Big Lie.

Tue, 04/02/2013 - 21:10 | 3401564 TheFourthStooge-ing
Tue, 04/02/2013 - 21:29 | 3401620 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

This assumption would only be correct if "ourselves" was in fact one individual or entity.  If Krugman knew anything about double-entry accounting he would not make such asinine statements (see intercompany debt / loan).

Tue, 04/02/2013 - 21:38 | 3401647 centerline
centerline's picture

Steve Keen did a good job of laying this out (endogenous money creation, re: the fallacy of how/when money is created in a modern credit based system - another of Krugman's "mistakes").  I think the bigger point though is the simple understanding that economic models are inadequate and obscure the truth of human behavior (greed).

Tue, 04/02/2013 - 21:45 | 3401660 Mr. Saxby
Mr. Saxby's picture

I'm fairly certain that Krugman is intimately familiar with double-entry accounting. How else can you explain the spitroasting that John Q. Public has received over the last 20 years?

Wed, 04/03/2013 - 00:55 | 3402104 All Risk No Reward
All Risk No Reward's picture

>>perpetuating "The Big Lie" that deficits don't matter because 'we owe it to ourselves'.<<

That assumes Biggest Finance / Monopoly / Politico Capital is part of "we."

The irony is they think they are better than "we" by "divine right" or, if you prefer, Darwin's "Preservation of Favoured Races in the Struggle for Life," until it went to marketing once it was decided to sell it to the unfavored races.

The truth is there is a predator class and there is a prey class.  If you didn't know this, you are, by definition, in the prey class.

Debt Money Tyranny

http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77

Tue, 04/23/2013 - 03:40 | 3487018 Pseudolus
Pseudolus's picture

Its a Royal 'We'...ie. it doesnt include us

To be more precise: it does include us, if you consider the legal uses of the word 'include' which can mean 'only those specified but not others'

Your rights about Darwin. The Wedgewood/Darwins/Spencer/Huxleys and all their sociopathic biological and ideological heirs have a perfectibilist plan for us all

Its for our own good, of course

Always enjoy your posts. When is the blog coming?

 

Tue, 04/02/2013 - 23:17 | 3401903 juggalo1
juggalo1's picture

By and large, the Fed is in fact ourselves.  If the Fed loses a bunch of money, who suffers?  People who use the dollar.  If the Fed profits, who gets the money?  The US federal government.  That is me and my representatives.

Tue, 04/02/2013 - 20:44 | 3401507 SK8boarder
SK8boarder's picture

CNBC FOX Business and most of there guest.. BUY BUY BUY.. will grow are way out of this.. and take the gold bugs down at the same time..  same thing everyday. I'm sure everything is just fine..

Tue, 04/02/2013 - 21:06 | 3401540 rhinoblitzing
rhinoblitzing's picture

RE: The Big Lie

Add Nightly Business Report (NBR) formerly of NPR bought out by CNBC in February. Now you have more consolidation of propaganda. Only staff member they kept was Suzie Gharib. CNBC heads now seen on scores of affiliate pgms throughout the day.

The networks have the "teleprompter readers" do triple duty.... suppressing job openings, and consolidating staff within an even tighter circle - and the ones left in the circle scared of losing thier jobs if they don't toe the party line.

I'm starting to feel as if Santelli is just kept around as "Bear trap bait".

Tue, 04/02/2013 - 21:07 | 3401559 Freddie
Freddie's picture

I nominate Paul Krugman for Douchebag of The Decade

Tue, 04/02/2013 - 21:22 | 3401606 DeadFred
DeadFred's picture

Stiff competition for that one though. Bernake, Holder, Liesman, Dimon, and old what's-his-face the Kenyan guy- the list grows real fast.

Tue, 04/02/2013 - 21:28 | 3401625 ejmoosa
ejmoosa's picture

Let's not forget Greenspan who abandoned free market principles at the first sign of trouble.

Wed, 04/03/2013 - 00:38 | 3402074 indygo55
indygo55's picture
Dont forget that bitch Corzine.
Tue, 04/02/2013 - 22:43 | 3401794 RafterManFMJ
RafterManFMJ's picture

Stiff competition for that one though. Bernake, Holder, Liesman, Dimon, and old what's-his-face the Kenyan guy- the list grows real fast.

 

So let's do it progressive style - They all get a DBoTH award; see? Everbody's a winner.

Wed, 04/03/2013 - 10:39 | 3403162 Carl Spackler
Carl Spackler's picture

All good candidates, Deadfred.

That Kenyan guy has got to take the cake, though.

He's the lie that keeps on lying.

Tue, 04/02/2013 - 22:53 | 3401829 newdoobie
newdoobie's picture

What Douchebag down arrowed you?

Wed, 04/03/2013 - 01:46 | 3402155 zhandax
zhandax's picture

Why, Dr Paul Krugman, of course.  Speaking of which, where has that douchebag been the last few days....he was getting to be a regular here.  MDB seems to be AWOL as well.  Hmmmm, he did say he was the Dr.  Could he have been telling the truth for once?

Wed, 04/03/2013 - 10:33 | 3403131 Carl Spackler
Carl Spackler's picture

I second Biderman's and Freddie's nominations.

All in favor...

Wed, 04/03/2013 - 06:15 | 3402378 Ghordius
Ghordius's picture

"...Krugman argument?" How about his argument that the EUR is doomed? and that balanced budgets are poison?

Tue, 04/02/2013 - 20:29 | 3401475 NoDebt
NoDebt's picture

Leave Krugman alone.  He's just another sycophant trying to earn a buck off a doomed system.  He'll burn with the rest of us.

Tue, 04/02/2013 - 20:34 | 3401482 akak
akak's picture

I have the matches.

Tue, 04/02/2013 - 21:07 | 3401557 lewy14
lewy14's picture

I'll bring the LNG tanker.

Tue, 04/02/2013 - 21:10 | 3401567 knukles
knukles's picture

He will be badly judged by God.

Tue, 04/02/2013 - 22:03 | 3401700 Freddie
Freddie's picture

Krugman needs to get to that judgement day a lot sooner than later.

Tue, 04/02/2013 - 22:11 | 3401718 WillyGroper
WillyGroper's picture

I can donate about 5 gallons.

Tue, 04/02/2013 - 21:55 | 3401690 Cabreado
Cabreado's picture

The sycophants, collectively, have control.
Those that pay them are insulated.

If you give Krugman a pass, you give the whole mess a pass, too.

We are very good at neglecting the most simple, enabling forces.
In fact, we defend them...
We defend them by omission.

We act is if we do not really care.

We are fools.

And that is how we got here.

Tue, 04/02/2013 - 22:08 | 3401712 Freddie
Freddie's picture

Well F TV and F Hollywood plus the rest of the media.  They enable and empower these evil f***** people. 

If you watch any TV or Hollywood's sh*t then you are helping them.   And Fox News is not your friend.  They are all the problem.

Tue, 04/02/2013 - 20:34 | 3401481 Downtoolong
Downtoolong's picture

 'we owe it to ourselves'

Margin call, the client's collateral just fell below agreed limits.

Tue, 04/02/2013 - 20:38 | 3401489 ebworthen
ebworthen's picture

I love it.

Krugman, you are a clueless asshole.

Phoney money, phoney money, phoney money everywhere!

Sell!  Sell!  Sell!  If you are in equities TAKE YOUR PROFITS NOW!!!

Buy some Gold and Silver while it is on sale and go to cash.  You will thank me cum June/July.

Tue, 04/02/2013 - 21:34 | 3401638 BoNeSxxx
BoNeSxxx's picture

I see no reason to wait for June.

THANK YOU.

Tue, 04/02/2013 - 20:38 | 3401490 Bay of Pigs
Bay of Pigs's picture

Da Beedermon mon. Pass da spleef mon...

 

Tue, 04/02/2013 - 20:39 | 3401492 CunnyFunt
CunnyFunt's picture

http://www.ratemyprofessors.com/ShowRatings.jsp?tid=243005

The kiddies just love him. No amount of rational repudiation will change their minds. There will be plenty more krugmanite robots waiting in the wings as the next reincarnation. We're fucked. Get ready.

Tue, 04/02/2013 - 20:49 | 3401519 NoDebt
NoDebt's picture

Nah, nah, nah.  GO LOOK AT THAT LINK AGAIN.  He's got as many haters as supporters.  But check out the difference between them:

Supporters basically say "thank goodness we have a hero to push back against stupid conservatives."

Haters say "he's boring, thinks he has all the answers and does not encourage critical discussion."

We're not fucked yet.  Well, OK, yes we are, but not because this guy's ideas are going to take over the world one student at a time.

Tue, 04/02/2013 - 21:24 | 3401612 McMolotov
McMolotov's picture

If I were in Krugman's class, I'd slip something in his coffee to make his fucking beard fall off, like the CIA tried to do to Castro.

Tue, 04/02/2013 - 22:02 | 3401698 PubliusTacitus
PubliusTacitus's picture

I would pay a decent amount of money to audit one of his classes and harass him in the front row.

Then I'd punch him in the throat after class.

Tue, 04/02/2013 - 23:59 | 3402011 Papasmurf
Papasmurf's picture

You would find Ben Bernanke underneath.

Tue, 04/02/2013 - 20:43 | 3401505 Stoploss
Stoploss's picture

Don't hold back Charlie!

 

GO CALOLO!!IFORNIA!!!!

 

 

Tue, 04/02/2013 - 20:59 | 3401506 tom a taxpayer
tom a taxpayer's picture

Surf's up. I have a Biderman board. Watch me hang ten.

Krugman is a waxboy!

Tue, 04/02/2013 - 20:45 | 3401508 nmewn
nmewn's picture

"The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"--which states that the number of potential connections in a network is proportional to the square of the number of participants--becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." - Paul Krugman

Still battin a thousand after all these years...lol.

Tue, 04/02/2013 - 21:07 | 3401560 chump666
chump666's picture

lol

 

 

 

Tue, 04/02/2013 - 20:49 | 3401517 fonzannoon
fonzannoon's picture

Biderman is correct but watching him put another time stamp (April now?) only to get his balls stuffed down his throat is getting old. He is literally a broken clock without the being right part happening yet.

Tue, 04/02/2013 - 20:55 | 3401527 NoDebt
NoDebt's picture

It's a clock with a lot more than 12 hours on it, I guess.

Hey, he (and others) really think they're going to be right at some point before they die or get too old to care.  And he's not all that young a guy.  So..... you know, that kinda brackets the timeframe, I guess.

2nd week of April because of tax returns?  Um..... maybe he should have ended the video before he got to that part.  While you're still winning, drop the mic and walk off the stage.

Tue, 04/02/2013 - 21:01 | 3401539 fonzannoon
fonzannoon's picture

exactly. someone should email him the pomo schedule.

Tue, 04/02/2013 - 20:48 | 3401518 Cursive
Cursive's picture

I'll be sure to tell my mortgage holder that Krugman says the payments are no big deal because I owe it to myself, so I really don't have to pay it.  For that matter, why doesn't Krugman just declare a jubilee?  Of course he wouldn't.  He's just an asshat who makes fart noises with his blow box.

Tue, 04/02/2013 - 20:50 | 3401523 Stuck on Zero
Stuck on Zero's picture

Does it make any sense for the stock market to grow much faster than personal incomes?

 

Tue, 04/02/2013 - 21:01 | 3401535 khakuda
khakuda's picture

You'd probably have to be more specific.  A big piece of the US stock market is foreign earnings, so the market could grow faster than the earnings of US citizens if foreign markets are growing faster.  Plus, there is a reinvestment aspect to earnings...they don't pay all the earnings out as dividends, but reinvest for growth.  You could also get productivity growth from getting more efficient over time through technology, robotics, outsourcing.  You also get population growth juicing earnings and innovation as well.  Maybe you get a breakthrough and get cheaper energy like natural gas, juicing earnings by lowering costs.  So, the answer is yes, they can grow faster than incomes.  Over time, though, corporate profits can't really take up an ever increasing amount of GDP, so there is some limit.

On the other hand, I'm not convinced house prices in the US can grow faster than incomes over the long run.

Wed, 04/03/2013 - 04:46 | 3402299 css1971
css1971's picture

Absolutely. If you want to become and remain one of the 0.01%.

Tue, 04/02/2013 - 20:56 | 3401530 JR
JR's picture

At this point in our life cycle, we need the money that created the deficit, so we need to pay ourselves back, now. That seems pretty simple doesn’t it?

And since it’s the same amount, we’ll be able to get the same amount back. And, poof, like magic, the deficits are gone and we’re in the money.

Crisis solved!

No one knew that Krugman, with that silly look on his face, had the answer all the time; we just didn’t pay attention. Who says he’s a leading flake, with an idea like that?

Every Congress in recent years has been struggling with that; but who knew that Krugman knew?

Tue, 04/02/2013 - 21:13 | 3401575 nmewn
nmewn's picture

Yes.

"And since it’s the same amount, we’ll be able to get the same amount back."

Now, if only Coke were still a nickel and gas was still nineteen cents a gallon he'd be worthy of a Nobel for running in place or sumpin! ;-)

Tue, 04/02/2013 - 23:16 | 3401897 JR
JR's picture

You know, nmewn, this gobbledygook was meant to confuse.  The Fed and its Krugmans have created an illusion to hide their goal – and that is to create modern serfdom as they are now doing in the EU, where everyone is ending up as an indentured servant working for the Troika, a ruling class of financial nobility.

Fiat money in the hands of the international bankers is the handiwork of the Devil:

“The money is originally created by the issue of a loan at interest by the ‘bankers’ who lend nothing themselves but in effect make a forced levy in kind on the nation by conferring on the borrower the power to purchase a corresponding amount of wealth on the market, which wealth does not belong to them, or those who borrow from them, but to the community.”

That’s how a Demand for Monetary Reform in England in 1943 framed the cause of the world’s unrest at that time; that's how everything ends up dominated by a supra-national banker power; that's how economic enslavement begins.

As G. Edward Griffin said when explaining the Fed’s Open Market Operation:

“A word of warning: Don’t expect what follows to make any sense. Just be prepared to know that this is how they do it. The trick lies in the use of words and phrases which have technical meanings quite different from what they imply in the average citizen. So keep your eye on the words. They are not meant to explain but to deceive. In spite of first appearances, the process is not complicated. It is just absurd.”

And that’s what Krugman is, absurd, a Fed mouthpiece who’s gone haywire, two degrees off center.  He’s just isn't with it enough to hide the blatant scam that we know as the Federal Reserve System. But why should he be; he's got a Nobel Prize and the NY Times prints his nonsense. He knows the American dollar has no intrinsic value, that it’s a classic example of fiat money with no limit to the quantity that can be produced.  But he forgets and reveals he’s playing with powerful magic (money out of thin air)…which is true when the toll is taken of its destructive boom-bust cycles on mankind's lives and livelihoods.

If Americans would just say, No thanks, to more debt, new debts would not be created as old ones are paid off, the money supply would shrink and the Fed would disappear in a puff of sorcerer’s smoke…because in modern America, as Griffin points out, “debt is money.” Says EG:

“We are living in an age of fiat money, and it is sobering to realize that every previous nation in history that has adopted such money eventually was economically destroyed by it.”

Tue, 04/02/2013 - 21:22 | 3401603 knukles
knukles's picture

Right.
We're smack in the fucking middle of the All Expenses Paid by Us of Everybody in the World Perdition Trip to Hell because of "his" debt and fiat money and Paul says its all A-fucking-OK

I am truly surprised that somebody has not yet beat the living crap out of him.  Seriously!  Just how many people has he pissed off with his root toot and bend-over horseshit?
He's a fucking affront to humanity with is preposterous sophist rubbish.

Tue, 04/02/2013 - 21:27 | 3401623 fonzannoon
fonzannoon's picture

It's just easier to blame your neighbor who's doing a little better than you are even though he is actually in debt up to his ass and is faking it till he does not make it than to realize it's parastites like PK that are the real problem.

Tue, 04/02/2013 - 21:49 | 3401666 BoNeSxxx
BoNeSxxx's picture

Krugman is like a preacher giving sermon to the choir... his audience is comprised of sophist assclowns indoctrinated in the same pablum as him... All it takes is 12 monkeys (or economists).  

How I loathe every word that emanates from his worthless pie hole...

Tue, 04/02/2013 - 20:58 | 3401532 Bill D. Cat
Bill D. Cat's picture

Looks like he's tipped a few .

Tue, 04/02/2013 - 21:01 | 3401534 caimen garou
caimen garou's picture

krugman is nothing more than a pimple on benake's ass, his filthy mouth should be washed out with vinager after spewing out so much bullshit!

Tue, 04/02/2013 - 21:06 | 3401537 Brixton Guns
Brixton Guns's picture

newsflash.

pot calls kettle black.

 

film at eleven.

Tue, 04/02/2013 - 21:03 | 3401541 Moe Hamhead
Moe Hamhead's picture

That' still not a sell signal.

Tue, 04/02/2013 - 21:50 | 3401673 Rusty Shorts
Tue, 04/02/2013 - 23:48 | 3401982 yogibear
yogibear's picture

The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.

Tue, 04/02/2013 - 21:05 | 3401547 Charles Nelson ...
Charles Nelson Reilly's picture

Maybe this will convince Krugman to quit his day job as a self proclaimed "economist" and seek a career in Siamese cat breeding.

Tue, 04/02/2013 - 21:16 | 3401580 knukles
knukles's picture

I hadn't heard that humans could impregnate cats, yet.

Tue, 04/02/2013 - 21:29 | 3401626 centerline
centerline's picture

Ewww..  the image that just crossed my mind is going to be difficult to get rid of.  Thanks.

 

edit:  I am surprised there has not been a pussy joke yet.  lol.

Tue, 04/02/2013 - 22:53 | 3401831 Hulk
Hulk's picture

Its getting past the hair on your tongue part that prevents this...

Tue, 04/02/2013 - 23:16 | 3401896 knukles
knukles's picture

Holy Jesus, man...

Tue, 04/02/2013 - 21:10 | 3401566 FranSix
FranSix's picture

Bloomberg declared a bear market in silver today. 

 

http://scharts.co/XJ0xHI

Tue, 04/02/2013 - 21:16 | 3401588 mt paul
mt paul's picture

bear market

 

grizzly or polar...

Tue, 04/02/2013 - 21:22 | 3401601 Iocosus
Iocosus's picture

You guys have Krugman all wrong. He's a satirist, like Million Dollar Bonus. I think they're both hilarious.

Tue, 04/02/2013 - 23:01 | 3401859 Burr's 2nd Shot
Burr&#039;s 2nd Shot's picture

It doesn't matter to the faithful. PK could come out tomorrow and say, "Sorry, folks, was just a joke all along" and it wouldn't change a thing. Faith-based economics requires a high priest and he just has the job for now. Never fear, though, as our institutions of higher learning have bred "intellectuals" who despise humanity even more than PK does, and they will gladly step in to sell debt-slavery to the masses.

Tue, 04/02/2013 - 21:31 | 3401622 centerline
centerline's picture

The parlor trick these "economists" all play is to hide inside closed systems with boiled down extrapolations of human behavior.  Even the best modeling/simulation still falls woefully short of capturing the obvious.  Not to discount the need to understand the mechanics absent the variables and boundary contraints that are near impossible to simulate.  But, to think that the work of these economists can be used directly to guide policy is pure folly.

For example, Krugman is correct in his debt statement... in a closed system.  And if one ignores that the creation of money is not clean.  There are those who benefit from it's creation.  The closer to the process, the greater the tactical advantage.  Therefore, debt levels do matter because it is wealth transfer mechanism.  More debt = more wealth transfer.  We see this everyday.  We live it.  We breath it.  And the "economists" continue to ignore it like a 900 lb gorilla in the room (who is now looking really pissed off).

Tue, 04/02/2013 - 21:32 | 3401633 q99x2
q99x2's picture

Krugman is more Feds pushing shit into everyone's faces. He is a sick joke to make people feel powerless. Well they are F'kn wrong.

Tue, 04/02/2013 - 21:45 | 3401661 luna_man
luna_man's picture

 

 

Come on krugman, defend yourself!...

 

I know your ears are burnin

Tue, 04/02/2013 - 21:55 | 3401689 orangegeek
orangegeek's picture

Paul Krugman - the George Costanza of economics.

 

Here's a tribute to you ..... George.

 

http://www.youtube.com/watch?v=2PSW7tIudqc

Tue, 04/02/2013 - 22:01 | 3401694 PubliusTacitus
PubliusTacitus's picture

Fuck you Krugman!!!!!!!!!!!!!!!!!!!!

Tue, 04/02/2013 - 22:26 | 3401749 Smuckers
Smuckers's picture

All Krugman ideas <ANAGRAM> I am a gnarled sulk.

Tue, 04/02/2013 - 22:44 | 3401799 Wanton1
Wanton1's picture

This is some circle jerk . . . Biderman knocking Krugman.

The FED is shorting gold and pumping stocks,

Which you will never hear from these bozos.   

The truth is anti-semitic. 

 

Tue, 04/02/2013 - 22:57 | 3401844 Debt Slave
Debt Slave's picture

Wait, you mean there are people who actually take Krugman seriously? Come on now, April Fools was yesterday.

Wed, 04/03/2013 - 01:42 | 3402153 kchrisc
kchrisc's picture

And I nominate him for the "Guillotine Award." Awarded every 50 years or so to those that society needs rid of and to send a message of accountability to the rest.

Now with that said, will this guy have ANY quarter when the SHTF?!

I can't see foreign powers wanting such a court-jester in their midst's.               hujel

Wed, 04/03/2013 - 02:09 | 3402186 SoundMoney45
SoundMoney45's picture

Anyone who purchased an economics degree from Princeton in the past two decades should demand a tuition refund. 

Wed, 04/03/2013 - 04:51 | 3402304 css1971
css1971's picture

'we owe it to ourselves'

To steal from our children...

Put another way, more in keeping with the spirit of how these things are really meant and done.

"I owe it to myself to steal from your children."


Wed, 04/03/2013 - 06:10 | 3402372 GoldIsMoney
GoldIsMoney's picture

I guess Krugman would not say he's lying, just bending the truth a bit ;-(

 

We should take him very serious. See what he proposes and to the exact opposite and the recovery will begin....

Wed, 04/03/2013 - 06:29 | 3402391 Iam Yue2
Iam Yue2's picture

The talking St Bernard puts the boot into the lugubrious mole.

Wed, 04/03/2013 - 06:40 | 3402404 pine_marten
pine_marten's picture

If Krugman were on a wilderness expedition, the other party members would stone him for the common good.

Wed, 04/03/2013 - 11:23 | 3403443 moneybots
moneybots's picture

"Let's not forget Greenspan who abandoned free market principles at the first sign of trouble."

Since when are manipulated FED interest rates, free market princples?  Greenspan never abandoned free market principles as he never practiced them in the first place.

Wed, 04/03/2013 - 11:45 | 3403553 moneybots
moneybots's picture

"The trick lies in the use of words and phrases which have technical meanings quite different from what they imply in the average citizen. So keep your eye on the words. They are not meant to explain but to deceive."

 

"Pay down the debt."  "A balanced approach."  "Spending cuts."  "Affordable Care Act."  "Patriot Act." "A balanced budget." 

The list of words and phreases meant to deceive is getting rathewr endless.

Do NOT follow this link or you will be banned from the site!