Sunday, February 28, 2010

More D.C. fun!

From Reason’sHit & Run” blog (above): “Rep. Maxine Waters (D-Calif.) and Fed Chairman Ben Bernanke during testimony before the House Committee on Financial Services. Rep. Waters, a member of the committee since 1990, doesn't understand the difference between the federal funds rate and the discount rate. The difference between these two very distinct concepts, for those interested (and Rep. Waters, if she is reading), is explained here. CBS follows up with a reasonable question: ‘Is Maxine Waters really as dumb as she seems?’”

I thought you had to have some sort of qualifications – like experience – if you were going to be an important federal official. No, I’m not talking about that guy…no, this guy.

Another “friend” goes under the bus.

Wait – I thought they were going to get rid of The Patriot Act. Never mind

Folks, this is just the warm-up to the day (coming soon!) that our national debt is effectively doubled.

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