Becksteria: "The final chapters, if we don't wake up, America, are being written about us right now"
November 24, 2009 5:23 pm ET
From the November 24 edition of Fox News' Glenn Beck:
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Fox "news" should adopt the air quotes as their corporate logo, and there should be a pair of hands making that gesture on-screen 24 hours a day.
And the problem is?
Coulda fooled me...
This debt talk is a joke too - its just a distraction from anything real. The 12 trillion is our debt in 2009 - ooo HOW SCARY! Except who the heck knows what this means. Our GDP grows most years and the recession makes things even more complicated. Really, the debt for 2009 is 90.4 percent of GDP. Not great but by no means something catastrophic. Because this is not some untred water we have entered. In 1950, after WWII our deficit was 94 % of GDP. And guess what? The economy started booming! So the deficit is not any indicator of the future of the economy. Coming out of the recession will likely increase the GDP, improve the dollar and dramatically lower that 90 percent figure. Plus, Japan has been operating just fine on debt far, far higher percentage of GDP than our own. And the books Beck was referring to was likely the cumulation of expenses for Obama's entire term or some nonsense or more likely the projections of the deficit at the end of his term which can be meaningless - countless factors can change such numbers. Of course, beck doesnt say this and he likely never quoted any numbers because they are very volatile and could change within the year never mind three years down the line. This humongous 12 TRILLION NUMBER is just fear-mongering. Its ridiculous. How many people watching this show have any clue what to compare this to or how the debt even works. All they think is WOW - WHAT A BIG NUMBER! That is way more than I will ever have. The number represents every American in the country though not a single individual. Its 12 trillion divided over 308 million not over one lonely American.