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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Wednesday, July 20, 2011

Coburn: Washington to impose “financial repression” if spending not reduced

(By Ed Morrissey, Hot Air) - CNS News reports on a presentation by Senator Tom Coburn on Monday for his deficit-reduction proposal, “Back in Black,” in which the doctor from Oklahoma delivers a very tough diagnosis and prognosis for America. If Congress doesn’t end its profligate spending and fix the personal and corporate tax codes, the resulting debt load will force the government to start printing “fiat money” in order to meet its obligations. That will destroy accumulated capital among all classes in the US and significantly lower living standards for the next generations of Americans. We don’t have long to act before Washington begins imposing “financial repression,” Coburn warns:


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