Evans read a statement from an “overseas analyst” who said that the “economy was recovering” and that he expected bond yields to increase in coming months.
The analyst said that the only obstacle he sees to the continued expansion of the U.S. economy were “lunatic Republicans” who may bring about an “insane technical default” when they attempt to negotiate spending cuts as part of a deal to increase the debt ceiling limit.
“That’s the worry here,” Evans concurred. “Will we have a self-inflicted wound – a gunshot to the head?”
“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?’”