Gulp: U.S. to lose AAA debt rating?
posted at 8:16 am on May 22, 2009 by Allahpundit
I guess my question would be, if we haven’t lost it already, how fantastically huge would our annual deficits have to be before we do lose it? $3 trillion? $4 trillion?
Something for Obama to shoot for now that national health care’s on the way.
“It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner said in an interview with Bloomberg Television yesterday. He added that the target is reducing the gap to about 3 percent of gross domestic product, from a projected 12.9 percent this year.
The dollar extended declines today after Treasuries and American stocks slumped on concern the U.S. government’s debt rating may at some point be lowered. Bill Gross, the co-chief investment officer of Pacific Investment Management Co., said the U.S. “eventually” will lose its AAA grade…
It’s “critically important” to bring down the American deficit, Geithner said.
It’s “critically important,” and by The One’s own admission our debt is “unsustainable,” and yet his two attempts at reducing spending thus far produced an initial budget cut of .0029% followed by a further cut of roughly one-half of one percent, later cannibalized by an upward revision in spending. Believe it or not, S&P was sounding alarms about America’s debt rating eight months ago, after the financial crisis first hit and Bush dumped $85 billion in AIG’s lap. Trillions of dollars in bailouts and stimulus later, with enormous new entitlements on the way, the problem’s considerably worse — and yet The One’s defenders insist there’s technically zero risk of a lower rating because the U.S. could simply print more money to pay off its debt and avert any looming default. Which, as far as I understand, means we’re facing the following choice eventually: Either increase the monetary supply to meet our obligations and risk massive inflation, or refuse to meet our obligations and suffer a lower debt rating, thereby triggering even more massive deficits. What am I missing here?
Fortunately, The One has a super secret plan by which nationalizing health care will actually bring down spending, so let’s look forward to that.
Blowback
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Is it a coincidence that Barack Obama is the first POTUS born after the introduction of the plastic credit card?
Stickeehands on May 22, 2009 at 9:14 AM
Onus on May 22, 2009 at 9:12 AM
Well done.
myrenovations on May 22, 2009 at 9:16 AM
Consequences, schmonsequences.
aero on May 22, 2009 at 9:17 AM
I’m tellin’ ya, we would be better off if we printed up a million crisp new dollars for every citizen of the United States. All the new millionaires would immediately demand an end to government spending and new money printing.
Buddahpundit on May 22, 2009 at 9:18 AM
slouching towards zimbabwe…
right4life on May 22, 2009 at 9:18 AM
I’m more worried about him fighting the windmills. He thinks they’re all giant George Bush’s!
Barack Quixote to the rescue!
Mr Purple on May 22, 2009 at 9:18 AM
Four families in every garage! A lizard in every pot!
Limerick on May 22, 2009 at 9:19 AM
ZERO wants us all to live in a cardboard box just like his half brother does.
Reparations … That’s what it all about.
tarpon on May 22, 2009 at 9:20 AM
they taste like chicken!!
its like the ‘mystery meat’ in a seedy chinese restaruant’s stir fry….I hear dog is tasty too…
right4life on May 22, 2009 at 9:21 AM
It’s like that Dave Chapelle skit – only at the government level.
Mr Purple on May 22, 2009 at 9:21 AM
Minor OT, but what the hey.
Instead of Obama Derangement Syndrome, why not call it Obama Disgust Syndrome–seems more apt to me.
irongrampa on May 22, 2009 at 9:21 AM
Four families in every garage! A lizard in every pot!
Limerick on May 22, 2009
No lizards here in Indiana. Can I have a groundhog instead?
SKYFOX on May 22, 2009 at 9:23 AM
Or Obama Deficit Syndrome
Mr Purple on May 22, 2009 at 9:24 AM
I’ve got five living under my garage. If they become the new currency I am rich.
myrenovations on May 22, 2009 at 9:27 AM
Yes, but you have to pay the federal groundhog tax.
AUINSC on May 22, 2009 at 9:27 AM
Oh crap… In that case, I only have 1.5 groundhogs living under my garage.
myrenovations on May 22, 2009 at 9:29 AM
The libs don’t understand economics. The mere THREAT of inflation is driving up the price needed to satisfy buyers of US bonds. Actual inflation will really hurt the future value of bonds. Printing money will not save our credit rating, it will lead inevitably to the downgrade.
hawksruleva on May 22, 2009 at 9:32 AM
We are going to need AAA big time once we have to drive those “smart” cars in a few years. ;-)
WashJeff on May 22, 2009 at 9:33 AM
Look for the deficit to jump big time if this happens because of what it is going to do to the bond cost.
JeffinSac on May 22, 2009 at 9:33 AM
Is Obama’s super secret plan the magic beans that got he and Michelle out of debt?
Queasy on May 22, 2009 at 9:36 AM
The state & muni pension bailouts will dwarf the private company bailouts of the last year. That will be follwed by the big nail in the coffin Medicare and Soc Sec. Adding Univerisal Healthcare will be the concrete around the coffin to make sure we are buried for good.
WashJeff on May 22, 2009 at 9:38 AM
Will have to have Tapper checkout the White House garden or lookat whitehousegarden.gov
WashJeff on May 22, 2009 at 9:41 AM
Long before our debt is down graded long term interest rates will start rising. That is happening right now. Ten year treasuries are yielding 3.42% which in a deflationary environment is getting pretty high. Econ 101: high real interest rates mean investors think there is a doubt they will get paid back. Argentina here we come.
Bill C on May 22, 2009 at 9:42 AM
That debt thingie is going to be a mite tougher to manage.
drjohn on May 22, 2009 at 9:43 AM
They need to target their “vocal opposition” to “purple” states where Democrat Senators are up for re-election in 2010, where reckless overspending is not politically popular, with the idea (in the short run) of enticing some Democrats to join filibusters to slow down the massive spending juggernaut.
They also need to propose alternative solutions to major problems (health care, energy) that are more free-market based, and demonstrate to some Democrats that their programs would be more fiscally responsible than the Obama socialist spending orgy.
In the long run, they need to recruit solid fiscal conservative candidates (who are also pro-military and for domestic oil and gas development) for swing districts in the House, and “purple” states in the Senate, who can explain the dangers of the current policies. By November 2010, the inflationary impact of the massive Obama spending splurge should become apparent to many voters, and spending restraint could look like a GOOD alternative by then. It’s time for a new Contract With America, to take back the House in 2010.
Steve Z on May 22, 2009 at 9:43 AM
Start acting more like Cheney and less like Specter. Stop acting frightened of Obama.
Return to fiscal restraint. Point out Obama’s hypocrisy at every opportunity.
drjohn on May 22, 2009 at 9:45 AM
Maybe the One can get his ACORN hoodlums to threaten the credit reporting agencies executives.
jukin on May 22, 2009 at 9:51 AM
Here in Britain, they’re already saying that they don’t rate the ratings agencies. LOL, shoot the messenger time for libs.
Fortunata on May 22, 2009 at 10:02 AM
Deadbeatonomics meets Junk Bond Nation.
Cicero43 on May 22, 2009 at 10:02 AM
This could be one thing that puts the brakes to Obamanomics. It’s a scary thing when the check-and-balance we’re counting on is creditors like the ChiComs.
snickelfritz on May 22, 2009 at 10:05 AM
Some of us predicted our future quite awhile ago.
michaelo on May 22, 2009 at 10:06 AM
Step 1: Admit you have a problem.
hicsuget on May 22, 2009 at 10:11 AM
Critical mass is coming. Please remember 1994 when the GOP did get majority in the House. We ended up with six more years of Bubba. The same thing will happen again.
Clyde5445 on May 22, 2009 at 10:15 AM
There really is no way out of it if all of Obama’s debt is realized. The fact is that very little, if any, of his reckless trillions in spending will increase capital formation and wealth creation at all: rearranging deck chairs can’t keep the ship afloat.
So, with no new value creation, there will be more dollars for the same underlying economic value. Thus, the dollar will necessarily shrink in value.
Now, the government can artificially increase demand for dollars by selling debt instruments, but soon the market will be saturated with those instruments, and therefore the price of them must drop (and, as a consequence, the interest rate that they pay must increase). This process, in turn, drives down the selling price (and therefore increases the cost to the borrower) of other debt instruments.
To provide the cash flow to service their debt (the principal form of financing of almost all businesses), the prices of the goods they sell must go up. Those increases in prices are passed along the value chain until the final consumers (us) buy the goods. Businesses, faced with higher interest cost, must cut cost elsewhere. One obvious big cost is personnel. Consequently, unemployment rises.
This is, of course, highly simplified, but pretty much summarizes where we’re headed: high interest rates, high inflation and high unemployment. Carried far enough (and I think that’s Ogabe’s intent), we have a perfect recipe for an economy of Zimbabwean stability and growth. The criminal class (ie. politicians) will take care of themselves, dining on Waygu beef and champagne, and even build elaborate buildings and fancy monuments to themselves, while we regular folks swat flies.
mr.blacksheep on May 22, 2009 at 10:24 AM
Obama-hyper-inflation is on the way to the USA.
albill on May 22, 2009 at 10:25 AM
The Debtocratic Party
rockmom on May 22, 2009 at 10:32 AM
Like it’s “critically important” to pay your taxes as well?
What an ass clown.
JeffinOrlando on May 22, 2009 at 10:37 AM
In Gold I Trust. Seriously, close to 300% increase since I started buying it back in the 2000′s. I love this nation, but I wouldn’t bet my money on its (financial?)survival at this rate.
abobo on May 22, 2009 at 10:46 AM
Kenyan president, Kenyan economy. I think his plan is to get his face printed on the billion dollar note.
BDavis on May 22, 2009 at 10:47 AM
Perfect!
Loxodonta on May 22, 2009 at 10:51 AM
There is door #3 – foreign entities could simply refuse to accept dollars and start seizing overseas American assets to be made whole. Can you say, “Endgame!”?
steveegg on May 22, 2009 at 10:56 AM
In Lead & Gunpowder I Trust. You can’t take game or shoot looters with gold, after all.
steveegg on May 22, 2009 at 10:57 AM
Fortunately we have one thing that Zimbabwe does not: the second amendment.
And there are lots of Americans like me who know how to exercise it.
UltimateBob on May 22, 2009 at 10:57 AM
Comment of the Day™
steveegg on May 22, 2009 at 10:58 AM
Maybe a telethon on that new Obama/White House TV channel is in order.
Is Jerry Lewis still around?
Knucklehead on May 22, 2009 at 11:00 AM
This is a perfect example of why central banks are evil. They own us.
True_King on May 22, 2009 at 11:04 AM
The issue isn’t that this Pres. doesn’t know or understand why the economy will fail, that would be bad enough, the issue at this point is the case can be strongly made that this Pres. wants the economy to fail.
Speakup on May 22, 2009 at 11:21 AM
I can explain this. Most people are unaware of it, but The Precedent isn’t funding health care with dollars. He’s funding it with anti-dollars. So, you see, the more anti-dollars we waste on health care expansion the lower our deficit goes. This is why having the government involved is good, because we know that the government will cause the cost to be much greater than with private companies, and, since we’re using anti-dollars to expand health care, that will leverage the inefficiency of government into putting our budget into balance.
progressoverpeace on May 22, 2009 at 11:21 AM
Good one!
Speakup on May 22, 2009 at 11:24 AM
Did I mention that I know Ka-Ra-Teh? Seriously though, a few guns is more than enough for protection, no need to actually invest in them. Hope you have planty of canned goods and distilled water as well.
ps: After the apocalypse, I call the Sierra Nevadas!!
abobo on May 22, 2009 at 11:29 AM
I’ll gladly pay you Tuesday for a Cheeseburger today.
The secret plan to reduce the cost of healthcare is based on reducing the amount of healthcare available.
It’s a simple math problem: Cap the price paid for a thing, then reduce number of things that can be purchased. Total amount spent goes down.
This is easy. I should run for office.
BobMbx on May 22, 2009 at 11:31 AM
The debt as a pct of GDP is more alarming when one considers that the administration’s projections for GDP growth are wildly inflated.
dedalus on May 22, 2009 at 11:42 AM
Barry’s problem is that economics is NEVER covered in Socialism 101. Which explains why ‘all things are possible’. Until reality comes along and nails you right in the balls.
GarandFan on May 22, 2009 at 11:42 AM
Well that’s as reassuring as Dean Wormer’s double secret probation was daunting.
ladyingray on May 22, 2009 at 11:47 AM
The good thing in this will be that we’ll at least know what the implosion of the Soviet Union felt like.
elduende on May 22, 2009 at 12:29 PM
LOL!
scalleywag on May 22, 2009 at 12:30 PM
*Mind is boggled*
I think I will just be ok if I can use my Life, Monopoly, & Payday game $$ for real currency.
It’s the best plan yet! Think of all the Monopoly $$ alone that is out there in your kids’ closets!
Badger40 on May 22, 2009 at 12:33 PM
LOL! My favorite guy ever! Wimpy!
Badger40 on May 22, 2009 at 12:34 PM
Which would be more useful?
Cantonese or Mandarin?
daesleeper on May 22, 2009 at 12:49 PM
Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone
KentAllard on May 22, 2009 at 12:50 PM
And no air conditioning? Even with all the lizards in Arizona you better expect refugees up north. Besides some stupid Dem will declared lizards and endangered species and then we starve.
petunia on May 22, 2009 at 12:50 PM
Either banks fail, or the government fails.
One or the other will happen. The govt. can decide if they want the banks to fail or the dollar to collapse. It’s up to them.
KentAllard on May 22, 2009 at 12:52 PM
I think you should be Obama’s press secretary. You explain it so well.
petunia on May 22, 2009 at 12:53 PM
Empathy is a good thing. It gets you to the Supreme Court.
petunia on May 22, 2009 at 12:55 PM
Geithner = Baghdad Bob
KentAllard on May 22, 2009 at 12:55 PM
KentAllard on May 22, 2009 at 12:57 PM
We will fight tooth and nail to destroy those giant deficits that we inherited from that evil Bush. Soon we will be running huge surpluses. Our credit rating will be AAAAAAAAA++++++ and the Chinese will be begging us to sell them more treasury bonds. There will never be any inflation. That is a delusion.
- Baghdad Geithner
(P.S. Adults are in charge)
MB4 on May 22, 2009 at 1:10 PM
Changing W-4 to withhold as little as possible.
I’m guessing Tax Refunds won’t be coming next year.
PappaMac on May 22, 2009 at 1:26 PM
Basic economics for children. Borrow far too much money and act surprised when credit rating falls.
How stupid can they be? Even Barney Frank under waterboarding would admit that people on a school bus driver salary probably are over extended buying a 600,000 dollar house.
seven on May 22, 2009 at 1:31 PM
Results of Obama’s Keynesian experiment are beginning to trickle in. At what point, if ever, does he declare it a failure and go back to proven methods?
Dee2008 on May 22, 2009 at 1:34 PM
petunia on May 22, 2009 at 12:55 PM
Indeed I recently found out I’m either on the short list of SCOTUS nominees or a Homeland security list. Who can tell these days?
On a related note the catharsis of suffering a Soviet Union style collapse will allow us to dredge up an apology to Russia for our crimes during the Cold War. Can’t wait.
elduende on May 22, 2009 at 1:37 PM
Super Secret Solution determined by Oprah and billionaire club the other day behind closed doors? AS IF Hollywood would produce movies for nothin’ donating all proceeds of every movie the next decade to bring down the deficit. No pay to any actors, directors, camera crews, ALL PURE DONATION.
And Obama and all Democrats can forfeit all pay, donated to provide funding to sponsor their programs. No one else will be earning anything after taxes. Start at the top with the ones who want to pass the laws; affect only them for the first 3 years on a trial basis to see how they really like their ideas in action. WE ALREADY KNOW WE DON’T AGREE WITH THE SOCIALIST IDEAS: count us out of the trial.
maverick muse on May 22, 2009 at 1:41 PM
“Reset” already set that stage for Obama’s pantywaist default during discussion, forfeiting Eastern Europe and the Middle East to Russia.
Russia’s contracts and delivery of nuclear missiles to Iran stand unchallenged by the international Wunderkind occupying the White House.
Meanwhile, our military contracts are cut off, and our allies rebuffed, promises broken.
maverick muse on May 22, 2009 at 1:48 PM
Who cares if the American Automobile Association gives our country a bad rating?
Many Americans now have GPS’s and don’t need AAA’s obsolete Trip Tickets any more to get where they’re going.
Oh, AAA debt rating? Never mind!
/sarc off
Sweet_Thang on May 22, 2009 at 1:51 PM
Limbaugh ridiculed Obama’s executive order and fanatical spending fantasies: legitimize counterfeit money.
Complete military contracts on course.
Drill here, drill now.
Nuclear energy in America.
Stop funding illegal aliens.
Weigh the consequences good and bad of trumping China with the charge that should they debunk the dollar, we’re not paying back the loans.
Severe.
maverick muse on May 22, 2009 at 1:53 PM
The Lone Ranger didn’t do to bad with silver.
MarkTheGreat on May 22, 2009 at 1:59 PM
This has nothing to do with central banks.
Nor do the banks own us.
MarkTheGreat on May 22, 2009 at 2:01 PM
Yes, his ‘Super Secret Plan’ has a name:
CAROUSEL!
Sapwolf on May 22, 2009 at 2:01 PM
Onus,
Add some mean lookin scraggly dogs leashed on tethers out front, with a bunch of horny cats all over the place.
Be sure to let the dung pile up and put fans near it to blow the smell to neighbors.
And, don’t forget those foodstamps while your at it.
Sapwolf on May 22, 2009 at 2:04 PM
That reminds me….
We Don’t Get Fooled in ‘10
And the world just ain’t the same
And the history sure has changed
‘Cause the Che banners, they all flown in the Chi Wards
I’ll tip my hat to the old constitution
Won’t take a bow for the new destitution
Frown and spit at hope ‘n change all around me
Pick up my guitar and play
Just like yesterday?
No, no!
I’ll move myself and my family inside
‘Cause our freedoms won’t be left half alive
I’ll get my rollin’papers and smile at the sky
For I know that the hypnotizers always lie
Do ya?
YAAAAAAAAAAAAAAAAAH!
There’s nothing in the street
Looks any different to me
And the slogans are replaced, by Stimuli
Pork-spending trillions by the left
Backstabbing RINOS on the right
And they’ve turned us into Zimbabwe overnight
I’ll tip my hat to the new OLD constitution
Take a bow for the Right Revolution
Frown and spit at hopey/changey all around me
Pick up my guitar and play
Just like yesterday
Then I’ll get on my knees and pray
We don’t get fooled in ‘10
Don’t get fooled in ‘10
No, no!
Meet the new boss
Hussein’s win is you’re loss
YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!
Sweet_Thang on May 22, 2009 at 2:06 PM
I assume that Obama is just going to solve the problem by going to one of those Title Loan thugs that advertise late Sunday night after Showtime at da Appollo..
ClassicCon on May 22, 2009 at 2:22 PM
Sooner or later the real S will hit the fan
While the Chosen has a Plan, the S may hit the Plan also
The Chosen gave too much too soon to his election repayment plan. The bucks went to local yocals instead of propping the States. That could have been his plan, since he let Congress have a feeding frenzy unchecked
It was a giant Congressional payoff Pinata
Now the party is over. The Grief and Suffering he is supposed to abate with National Health may not be assuaged. Those putting off chemo and surgery are a smaller group than those needing new shoes, jobs, and gas money
This is because the Chosen and his buddies are not geniuses. They are ideologues
A genius could not fix what is coming but a genius might play it better
entagor on May 22, 2009 at 2:30 PM
Maxed out on credit. I told you so.
seven on May 22, 2009 at 2:31 PM
What are there 500 million americans according to pelosi that lost their jobs and can’t afford healthcare?
So now we promise the government who can’t afford to give them healthcare either wants to try to?
seven on May 22, 2009 at 2:41 PM
Well that’s what happens when you don’t pay your bills. We deserve it. Our Grand parents were honest and forthright. Their legacy was the most powerful, secure, richest and most advanced civilization in history. We knew better though, and so have partied it into the ground. As my Grandmother says, “Grab a root and growl”. We took liberty for granted. Now it’s gone. However petty it may seem. Next time you think you are free, drive without a seatbelt, then don’t pay. Hell, ride a bike without a helmet. See how free you are. Petty? The triviality proves the point that even such small matters are forced upon me. I don’t get to make a choice. Even when I’m riding a bike. The creepiest part is that, at least in Seattle, other bicyclists take it upon themselves to chastise and even threaten me for not wearing a helmet. My job has been effected because I let on. Little Red Book with a forced smile.
ronsfi on May 22, 2009 at 2:41 PM
Some laws are indeed petty, but seatbelts and helmets are proven to be effective in keeping people from severe physical injury. But if you’d rather risk Darwinizing yourself…
Dark-Star on May 22, 2009 at 2:52 PM
Riding along on an Obama screwousel
He’s trying to put the screws to all of you
Riding along on an Obama screwousel
Will he be able to put the screws to you
Napolitano chasing, and she’s racing
So near yet still a ways away
On an Obama screwousel, on an Obama screwousel
Nearer, nearer by changing laws
Still a ways away
People fighting for their constitution
Just get in the way
Round and round and round and round and round
And round and round and round with you
Up, down, up, down, up, down too
MB4 on May 22, 2009 at 2:53 PM
Oh and when you get tazed enjoy the twisted psychopaths who will say you deserved it. Apparently kissing up to the Police no matter how egregious their behavior, is the epitome of righteousness. The rule of law can be just as oppressive as any dictatorship when amputated from the democratic process as now. Two parties, elected for life, ruled by the extremes. Unaccountable, irresponsible and all powerful.
ronsfi on May 22, 2009 at 2:58 PM
.
So what? I don’t need you to keep me safe. Mind your own business.
More people die from brain injury in auto accidents than bicycling. Do you wear a helmet when you drive?
ronsfi on May 22, 2009 at 3:04 PM
I got curious about what the current debt as a percent of GDP chart looks like. Couldn’t find one that tracks our 2009 meltdown real time, but found this:
http://static.seekingalpha.com/uploads/2008/9/15/saupload_debt_vs_gdp.jpg
I then added some calculated values from further searches.
Jan 09 – debt: $10.6T GDP: $14.4T percentage: 73.6%
May 09 – debt: $11.3T GDP: $14.0T percentage: 80.7
We will be at WWII historical high levels before next year is out. From conscious choices of our govt.
Wait till the unintended consequences effects start kicking in.
I also just received a gov’t publication – Lessons from the crisis in Argentina. Haven’t digested it yet, because it is heavy geek, but I will.
Jimmy Doolittle on May 22, 2009 at 3:05 PM
What more perfect example of the Nanny State Ideology short of do it for the children. I am trying to be civil but deep down I want to say eff off!
ronsfi on May 22, 2009 at 3:06 PM
Invest in Canned foods
Kini on May 22, 2009 at 3:11 PM
It doesn’t even matter if the GOP regains congress and the presidency. They won’t have the will or the clout to roll back the programs Obama has created. We are riding a slow debt wagon to hell. We need to start to pull troops and equipment back from foreign countries because they may decided to keep our toys if they think we have become severely weakened.
DFCtomm on May 22, 2009 at 3:26 PM
I’m just waiting for the day when I will need wheelbarrows full of Obama’s trillion dollar bills to buy a loaf of bread because (although I’m exaggerating) that day is coming if the US treasury thinks it can print Monopoly money to get out of this problem.
Scorched_Earth on May 22, 2009 at 3:39 PM
One of the O-bot troll infections posted this at Scrappleface:
Count the buzz words. One of the O-team’s favorite Alinskyite methods is to paint any objection to their plans as fear-mongering. Got that? Bankrupting the nation is fear-mongering.
Like every communication from the O-team, this one is filled with boilerplate. Just shift the words around or substitute words for the policy du jour, and there you have another campaign speech.
Fisk away. Be prepared with plenty of logical objections. They are sure to fall on deaf ears of The One Who Will Remake America in His Own Image.
onlineanalyst on May 22, 2009 at 3:45 PM
This is an easy one. Past behavior predicts future behavior. Obama will print and print and print to the point we run out of creditability or ink.
Why does no one point out that “priming the pump”, as Jimmy Carter kept doing, doesn’t work.
I also want to point out we need to fire millions of government workers if we are to turn this thing around. Millions.
GunRunner on May 22, 2009 at 3:46 PM
We’ve been making a few extra trips to Costco for various canned goods and non-perishables. Canned corn and green beans are especially cheap at the moment. I’d estimate that we have around three months of reserve food and growing.
Shotgun and plenty of ammo in the safe along with silver coins (gold coins are annoyingly difficult to come by around here). I’ll be picking up my first handgun soon.
If the SHTF, we load up the truck with as much food, water, and valuables as it can carry, pack up the wife, father-in-law, and dog and high-tail it to my folks’ ranch just west of Yosemite.
I have to admit, it’s kind of fun and empowering preparing for the Obamapocalypse. =P
TheMightyMonarch on May 22, 2009 at 4:19 PM
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