Here's a quote to remember:

"That's why I have already promised the [health care insurance] reform will not add to our deficit over the next 10 years."--President Barack Obama.

Oh, sure. The 10-year cost of the plan is estimated to be $1 trillion. Where will the money come from?

The silliness is here

Barney Frank can't take the heat

He flees the kitchen.

Remember the 21.5 % prime rate?

Well, it's coming back

Arthur Laffer warns in the Wall Street Journal that we need to get ready for inflation and higher interest rates.

To date what's happened is potentially far more inflationary than were the monetary policies of the 1970s, when the prime interest rate peaked at 21.5% and inflation peaked in the low double digits. Gold prices went from $35 per ounce to $850 per ounce, and the dollar collapsed on the foreign exchanges. It wasn't a pretty picture.

Get ready to be frightened, when he points out that:

unfunded liabilities of federal programs -- such as Social Security, civil-service and military pensions, the Pension Benefit Guarantee Corporation, Medicare and Medicaid -- are over the $100 trillion mark. With U.S. GDP and federal tax receipts at about $14 trillion and $2.4 trillion respectively, such a debt all but guarantees higher interest rates, massive tax increases, and partial default on government promises.

If Bush had done it...

Or, where is Comedy Central now?

This has been making the rounds on the Internet, and worth repeating:

If George W. Bush had made a joke at the expense of the Special Olympics, would you have approved?

If George W. Bush had given Gordon Brown set of inexpensive and useless (to Tony Blair's UK video formatting) DVDs, when Brown had given him a thoughtful and historically significant gift, would you have approved?

If George W. Bush had given the Queen of England an iPod containing videos of his speeches, would you have approved?

If George W. Bush had bowed to the King of Saudi Arabia , would you have approved?

If George W. Bush had visited Austria and made reference to the non-existent "Austrian language," would you have brushed it off as a minor slip?

If George W. Bush had filled his cabinet and circle of advisers with people who cannot seem to keep current on their income taxes, would you have approved?

If George W. Bush had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?

If George W. Bush had proposed to double the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?

If George W. Bush had then proposed to double the debt again within 10 years, would you have approved?

So, tell me again, what is it about Obama that makes him so brilliant and impressive?

Can't think of anything? Don't worry. He's done all this in 10 weeks -- so you'll have three years and nine-and-a-half months to come up with an answer.