In an incredible exchange with a liberal drone in Silicon Valley, Elizabeth Warren made it appear that she was unaware that the federal government borrows and spends money: A conference attendee asked Sen. Warren, a Massachusetts Democrat, a fairly straightforward question: Why isn't the government, with interest rates so low and the country so obviously in need of infrastructure and other investments, doing the common-sense thing, which would be to borrow money at those low rates and invest? "We are not doing it because the people in Washington – too many of the people in Washington – do not represent the folks who elected them. They represent the rich and the powerful, who don't want their taxes raised," Warren said.  As of this writing, our federal debt was over 18 trillion dollars, and our unfunded obligations are probably in the neighborhood of 200 trillion dollars.  We borrow hundreds of billions of dollars because of...(Read Full Post)