In a CNBC interview on Tuesday, Kenneth Langone, Home Depot founder tried to explain how Obama's plans for deficit reduction and "investment" (spending) for the future amounted to "generational theft of an enormous magnitude".
"The fundamentals haven't changed", Langone said. "And we don't know when the storm
is going to hit." ... "It has to happen. If you look at our
debt to GDP, eventually you reach a point where there's no turning
back."
Langone had to resort to a simplistic analogy for the tribe of ever-slow-on-the-uptake interviewers at Squawk Box.
"If you had one meal left, and you had your grandchild with you, would you eat it or give it to your grandchild?"
He said all people would say "give it to my grandchild."
Following Obama's dream, he argued, "[Is] eating the
grandchildren's breakfast, lunch and dinner right now. And the
[grandchildren] haven't been born yet."
It's not that Obama, Reid and Pelosi don't get it .... in point of fact, they do - what's so detestable and insidious is that they really don't care how devastating economic collapse is for everyone else; not only because they personally expect to be insulated but because the economic self-implosion of the United States must occur in order for their moronic left-wing, liberal ideology to become institutionalized.
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