CHICAGO (AP) -- Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday.
Translation:
If you don't let me and the Fed keep pissing away trillions of dollars every year to hide the impacts of the Permanent Bush Depression, we will fall right back into the Permanent Bush Depression, only we'll be a few trillion deeper in debt than we were when Bush was President. In other words, I haven't accomplished diddly-squat other than create billionaires on Wall Street.
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