Things 2010-05-24

Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woes (This is one of Obama’s top advisers. He says politicians don’t seem to have a “sense of urgency".)

Biden says Brussels is the new capital of the free world (Oh yeah, because when the world thinks of individual liberty and economic dynamism, the first place that comes to mind is Belgium.)

Democrats are unlikely to pass a federal budget (It’s an election year, and they don’t want to be on the record for passing new tax increases or voting for a budget with another $2 trillion deficit. This is what moral and intellectual bankruptcy looks like.)

Bill Clinton blames economic inequality and the financial crisis on the US leaving the gold standard (Wow. He’s able to identify a major part of the problem, which is impressive. But he then attempts to justify it anyway. Wouldn’t want some wacky Rothschild-spawn coming at his junk with a hunting knife or anything. Lulz.)