About That $700 Billion
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number [bold mine-DL].” ~Forbes
I suppose we should be grateful that there are people in government who think multiple hundreds of billions still count as a large number.
What? Seriously, Daniel, I can’t believe you ever thought that they weren’t just making this up as they go along.
Take ‘er down!
http://www.metacafe.com/watch/yt-Tst8sIfrNvg/ron_white_on_the_blue_collar_comedy_tour_part1/
I never said that I thought otherwise, but I didn’t expect them to admit it so readily. This is the administration that has made an art out of inventing b.s. reasons for things. It’s a little disappointing to see them concede the point so early on.