It may be funnier if you’re Canadian….
... but when the Coward in Chief does his zen master imitation and claims (quote from the Mount Doom website, so the link may become invalid without warning):
« Now, first, you know, I'm sure some folks think that the Social Security trust is actually a system where the government has taken your payroll taxes, kept it for you, and then is going to give it back to you. This is a pay-as-you-go system. There's no such thing as a trust.»
...people who live in the United States and who remember voting for representatives who bumped up our social security taxes so that they would pay for the trust fund that Maximum Leader Genius claims doesn't exist may not think it's quite so amusing. Terrifying, yes, but I guess if the plan is to wreck the US economy so thoroughly that the country will never recover, dancing around saying "We're gonig to default on our bonds! We're going to default on our bonds!" is certainly the way to go.
Imagine how much fun it would be if the banks decided to use the same logic. "Deposits? There are no deposits. This is a pay as you go system! And we've sold your mortgages to the local credit card companies, which will now be charging you 30% interest!"
I'd like to believe that I'm engaging in paranoiac hyperbole here, but this is the Evil Party and their masters we're talking about here.
(link from Canadian Cynic)