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William Gaddis

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Jr Goes To Washington

A congressional hearing exposes the hypocrisy of American superiority.

"So that’s where you need these cheap inflation dollars so everybody can pay everybody back, right? See we had this neat idea of this here trickle down theory only it didn’t work out so good, I mean it all like got stuck at the top where 15 years ago this richest 1 percent of the nation held 27 percent of the wealth now they’ve got almost 36 percent, I mean it mostly like trickled up. And see where the Administration’s goal was to end inflation it worked so good that this sudden massive collapse of it brought these terrific budget deficits so like now we’re this world’s biggest debtor nation where if these here Japanese weren’t like buying $60 billion in Treasury bonds a year we couldn’t hardly pay the gas bill, right?"