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Breaking news Tuesday evening from MSNBC's Keith Olbermann: foreign countries own a lot of U.S. debt.
Most of us have known this for some time and conservatives have insisted on cutting spending to help dig the United States out from underneath its debt.
So what is now bringing the attention of Democrats to this blatant problem? As Olbermann explains the twisted thinking, keeping tax cuts for America's wealthiest would mean borrowing more.
Neither Olbermann or Rep. Bobby Scott, D-Va., hint that perhaps the U.S. government's spending has been out of line. Instead, they now claim to be concerned about America's mounting debt only after President Obama signaled a possible compromise with congressional Republicans.
Closing question: Even if Obama didn't compromise and the Bush tax cuts weren't extended for America's biggest taxpayers, does Olbermann honestly think the amount of foreign-held debt would decline? Puh-lease.
P.S. -- Isn't it interesting that while tea partiers were staging protests around the country and Glenn Beck took to Fox News' airwaves, urging fiscal sanity, decreased spending and more cost-cutting efforts to stem the tide of America's growing debt, liberal pundits like Olbermann ignored them, claiming they were just dumb racists who hated Obama.
Apparently Olbermann has a very short memory.
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