Americans frequently laugh at politicians, but sometimes their statements are less funny than they are insane. Take for example this new rant from Vice President Joe Biden, who apparently thinks the only way to prevent bankruptcy is to spend money we don’t have.
Vice President Biden defended the Obama administration’s economic stimulus package Thursday by suggesting that without the federal government spending massive amounts of money to shore up the economy the country would go bankrupt.
“We’re going to go bankrupt as a nation,” Biden warned at an event in the backyard of the House’s No. 2 Republican.
“People, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?” he said. “The answer is yes.”
It’s not a good sign for the country if our Vice President believes something this stupid. The people he mentioned who question his thinking on this point don’t do so without reason: bankruptcy is defined by Princeton as the “inability to discharge all your debts as they come due.”
So…we should become unable to pay our debts to avoid being unable to pay our debts?Published in