Penn Jillette on Borrowing

This is from a CNN op-ed piece, exactly as Patterico quoted it:

Obama tells us that we can spend our way out of debt. He tells us that even though the government had control over the banks and did nothing to stop the bad that’s going on, if we give them more control over more other bank-like things, then they can make sure bad stuff doesn’t happen ever again. He says we can get out of all those big wars President Bush caused by sending more troops into Afghanistan. And I don’t know. I really don’t know.

I trusted my Dad that turning into a skid would work. I trusted my carny mentor, Doc Swan, that closing my mouth around a burning torch would put it out. They were right. Maybe the United States borrowing more money than I could imagine in a billion years with a billion computers and a billion monkeys typing on them, will get us out of financial trouble. I really don’t know. It’s certainly true that many counterintuitive things are true, and when you have the guts to do something counterintuitive that works, it’s really cool. It’s a superpower under our yellow sun.

But there are some things that are just intuitive. Did you know, that if you’re going 100 mph, directly at a very, very thick, reinforced concrete wall, and you speed up, so you’re accelerating right when you hit the wall that the accident you have is going to be much worse than if you’d jammed on the brakes as soon as you saw the wall at the end of the street? Did you know that? It’s exactly what everything you know and feel would tell you, and it’s exactly true. Most times when you’re driving, or playing with fire, or handling money, the thing that makes sense to you is also true.

I way hope we’re turning into a skid and not accelerating into a concrete wall.