Our hot-tempered pal Erick son of Erick is always about one cheeseburger away from a stroke (have another deep fried potato skin, Erick) and today it is no different.
But today it is Matthew Yglesias who has gotten under e2 collar.
Why, what did Yglesias do, you ask?
Simple: he told the truth about the debt:
And here is Ewick’s weaction…
…which begins with a long section that is a personal attack on Yglesias (with lots of outgoing links to Twitchy and the like to, you know, footnote his epithets):
Let us turn our attention to Matthew Yglesias, the Executive Editor of Ezra Klein’s new site. As my friend Pejman Yousefzadeh has well documented, Yglesias is just not that bright. He thinks Joe Lieberman is a dumb Jewish politician; was shocked to discover Senators represent the states as opposed to populations; was unaware of a black conservative tradition; couldn’t understand why Miami didn’t expand westward (hint: a giant swamp); had no idea an incumbent President had been defeated in primaries (Jimmy Carter lost 13 primaries in 1980 to Ted Kennedy and Jerry Brown); thought Bobby Jindal’s reputation for intelligence was just ethnic stereotyping; argued it was okay to lie about having kids; wanted to know why Egypt didn’t have a Parliamentary system as if it’d matter and, by the way, it already does have one; thinks there are too many banks; thinks no banks have been chartered in 2013 even though banks were chartered in 2013; and the list goes on.
See, there that proves it that Yglesias is not smart, like E-E is!
Which brings us to his video at the JuiceVox Media website. He tries to explain the National Debt and out of the gate beings with a lie. He claims the national debt is $5 trillion less than the U.S. Treasury says it is.
Yglesias notes that he’s excluding debt owed from one arm of the government to another, and only including federal debt held by the public.
Then he uses deficit and debt interchangeably.
Ewick, debt is the sum of the deficit over many years. So long as you understand that one is an annual figure and the other is the total, there’s nothing wrong with looking at them as two views of the same number. That’s accounting 101.
Then he claims the U.S. Government can never run out of money.
This is true, of course, and is why we got off the Gold Standard, much to Ron Paul’s chagrin.
He goes through all of this to conclude that the national debt, which he understated, is just not anything to worry about.
This isn’t education. It is not explaining. It is left-wing propaganda. It is also sponsored by General Electric. Why is General Electric sponsoring left-wing propaganda?
Everything in the video is true, which means it is not left-wing propaganda (facts don’t have a bias). The problem of course is that if any factual information makes it into the noggins of the teabaggers from Possum Hollar, Ark., they might not buy into the whole narrative that to save the village the GOP must burn the village.