The Family Research Council’s Tony Perkins is a deeply ignorant man and a first class bigot and he puts both of those traits on prominent display in a recent diatribe on his radio show in which he claimed that gay rights is going to destroy the American economy. See if you can follow this breathtakingly moronic screed:
We don’t deal with the social issues. We let this president redefine the military through pushing the military, forcing the military to embrace open homosexuality, redefine the definition of marriage, we’ve weakened our military and he’s pushed his radical health care policy draining our government of the resources it needs to perform its constitutionally mandated duties, and so Russia makes a move.
As I’ve talked with General [Jerry Boykin, FRC’s vice president], the US currency being the world standard, if that’s taken away, if Russia convinces China and others to move away from the US Dollar as the international standard, here’s what happens: America is no longer able to just print money. See, no other country has been able to do what we have done in terms of $17 trillion in debt because we can just monetize the debt; Greece, their financial problem wasn’t as bad as ours but they couldn’t print more money.
We have the benefit — because everybody uses our standard, our dollar — we’re able to print more money. But as soon as people start to back away from that and there’s no confidence in the dollar, this house of cards that has been built comes tumbling down. So there goes the economy all because we ignored the morality of the issues of this administration.
So. Much. Stupid. First, he confuses two different subjects — monetizing the debt (which we do by selling treasury bills, about 25% of which are bought up by other countries, including China and Russia) and the dollar as a reserve currency (some of which is done by owning those treasury securities, but only some). And none of that has anything to do with whether we can print money or not. Second, does he really think if Russia and China did decide to stop using the dollar as a reserve currency, it would have anything remotely to do with whether we respect gay rights or not? Seriously?
And this man is running for Congress, for fuck’s sake.