Friday, January 4, 2013

“Childish,” Santelli replied. “We need to get serious about this debt and quit calling people ‘lunatics’ that acknowledge it.”



CNBC host Rick Santelli became visibly frustrated with cohost Kelly Evans after she read a comment from an “overseas analyst” who said that the economy is recovering but “lunatic Republicans” negotiating over the debt ceiling limit could scuttle that recovery. - Mediaite

“What about the lunatics that spent $16.4 trillion and want another check? Aren’t they the crazies, Kelly,” Santelli asked pointedly. “Why are the lunatics the people that say ‘overspending and creating too much debt’ are lunatics?’”

“If you think that we have a Congress that can’t get our house in order, do you think that we’re ever going to be able to worry about a long-term event and plan ahead,” Santelli asked.

"Lunatic Republicans" who believe crazy things like "you cannot spend a trillion more than you have every year and expect the math to work out in your favor." - Ace

Rick Santelli Is Right! - Zerohedge

Today on CNBC (view clip at econmatters.com) during the coverage of the monthly employment report, Rick Santelli pointed out that there is some absurdity in calling the Republicans “lunatics” when they are the only responsible voice in Washington right now trying to call attention to the out of control government spending in the overall context of an unsustainable federal deficit while the Democrats are running the country into the ground with even additional spending programs that the government has to borrow more money to fund.

His point is that if anybody should be labeled a lunatic, it should be the Democrats and those that are encouraging these unsound financial spending policies....

the mainstream media should be chided for not doing their job, and holding Washington`s feet to the fire with regard to implementing sound financial principles into the government budgetary framework, and not busy promoting additional, irresponsible, creative finance workarounds that just dig the country into a further hole by not facing up to the real issue.

Balance the freaking budget, develop a surplus, and start paying down the country`s debt! Sound financial principles at work whether in the context of a government or household.

Ergo, the media needs to spend less time inventing and promoting “Governmental Coin” budgetary gimmicks and start asking some tough questions of our governmental representatives like, Does the 2013 budget balance with projected revenues? If not, why? What do we need to do to make this the last year where this country runs a budget deficit? Remember, you cannot even start to address the national debt, until you finally have a budgetary surplus!

Yes, Rick Santelli given the context of the consecutive years of running budgetary deficits, the size of the federal debt, and the projected obligations going forward, anyone not for major spending cuts in Washington or the mainstream media is an actual “Lunatic”.