YouTube has the video Steve Liesman Embarrasses Rick Santelli On CNBC.

Ironically, sometime in the future the things that Santelli predicts will actually happen. I can predict what the circumstances will be and what he will be saying.

Somehow, the economy finally gets turned around and we go into a boom phase. The federal budget will be running a surplus, we will be at full employment, inflation might even start rising. Santelli will say, look at how well the economy is doing. Imagine how much better it could do if we cut taxes. We don’t need no stinkin’ surplus. You know how to spend your money better than the government does. The surplus is so big we might end up paying off all of our debts, and their won’t be any need for treasury securities. If the government stops selling bonds the world will come to an end.

Somehow, the voters buy into this nonsense just as they did in the Bush years. We get the Bush tax-cuts, we get the hyperinflation that Santelli is no longer warning about, and then the market crashes. At this point Santelli has to change his advice on what to do, or else he will fall into the trap of being right for once in his life.