I am too confused to pick a topic to comment on. Jell-o is pissed about being told they are like Obumer. Boehner needs to stand firm and not cave (big trick), lets just default now and not pay anyone. If we start over at zero maybe we can get a government that works. Last thing, tell Pelosi it is okay to have another drink, there is still enough money for booze.
Boner Speaks Speak, boy speak... Roll over Boner... Fetch Boner... Now, step and fetch like that mutt in the White House... Step and fetch for Wall Street TBTF rulers that own you Boner... Good Boner...
#1 : anyone who pays for pr0n these days is an idiot
#2 : if you set it up right, a meta-pr0n site with illegally redirecting adlinks to proxy dumbsock sites gets you $500k a month -- if you don't know the industry, this has offset the massive loss of revenues that sole content sites have lost [Pulp/DVD/Hardcopy -- indeed, if you store pr0n on your computer these days, you're a muppet]
1) This government is, fairly openly, keeping 20-40% of the population alive. Cutting it off now _ends the country_.
2) If everything is worth zero, then so is my life -- and, more importantly, yours as well. Once enough people get that sense of (lack of) value, it is on and the streets run red.
Ever heard of Debt? You dont have Zero Value Arseholes, you and all your fuckers still owe your debts to the Chinese. Me? I'm a South African Wheat grower.
What's the most bankrupt socioeconomic theory in history? Marxism? Nope. Socialism? Nope. Corporatism or fascism? Nope? It's empire. Empires always self-destruct...every time. And the leaders never see the edge of the cliff coming.
Actually, most Empires fail because people inherit the issues - mostly the people who create them enable a good 50-350 years of 'good times' before the 'tards fuck it up.
Look at Murdoch - something tells me that James isn't up to the old man's scratch .... and the old man knows it [and thus forced $250mil buyout on his daughter to present a new legitimacy]
so we can agree, both democrat and republican, that the
savers and elderly need be ass fucked and sodomized so we
as representatives lording over their heritage and labor can
continue perfecting our golf swings and full body tans, not
to mention our enjoyment of the orphans and the stolen sexual
favors of same at our monumental roman washington soirees, but
we have irreconcilable differences regarding taxing the ubber wealthy
to pay the interest on the un payable debt / money supply. it
makes no sense to tax the ubber wealthy because the system is designed
for them to receive the value of the tax anyway, so what is the point?
save the money on the bureaucratic system and just let them have the
money. their money. all the money. that is fiat money created out
of thin air by .... the public or the private, themselves or their
partners, forces.
.
what is absurd here is that both criminal, stealing rapist parties
are arguing for fiscal discipline of their particular favorite flavor
( fucking the savers and seniors and children, this they have as common
cause ) and demanding an......
wait for it ........... ahhhh ....
increase in the debt !!!!!
.
the only way to square this is to speak gibberish to the
point of audience fatigue, and then declare a good evening.
turn out the lights and top yourself. the shit show of experiencing
these shitheads articulate this absurdity is painful and must mark,
as a signature, the end of an epoch.
.
money system.
.
they are either very stupid or very evil, or both. no one will
say....
end the fed. the solution. why? because they are all in on the take.
the central crime of our time. they are criminals and thieves and they are either
too stupid or too evil to deal with it. this is the stuff revolutions are made of.
ubiquitous denial and stupidity. imo
apologies.
but it is not about style contrary to
popular infatuation. it is about the substance
of a scam. stealing with a nice suit and a tan.
stealing from the elderly and the young by a
group of people who deserve not the heads they
carry on their shoulders.
we have the prisons and the space for the guilty.
though, i'll have my guillotine made from styrofoam please. in a world that's all surface, it would be a shame to choose violence before dada.
i say we turn the Masters course into FCI Augusta and let these mofos still be able to get in their round a day (as long as they tend the grounds and use net zero water & energy of course). we could even charge $99 a person to watch them play to help pay down the debt. (no cameras allowed)
it'll be a bigger hit than Disneyland, i'm telling ya. shame's a great seller.
A bankrupt Europe initiates a new infinitely capitalized rescue fund from thin air to save the infinitely bankrupt members of Europe. Will the Nordic North still love the Slovenly South? Will the Italian and Greek beauties still prance about in string bikinis during the perpetual holiday of public disorder?
America teeters on the horizon of an event of default.... for which there is no grace nor cure period. Will the money bags of Asia keep face and fund the scam or pull the plug on the whole world?
Will freedom reign from sea to shining sea across the MENA region perptuated through ever increasing theaters of war, or will everybody just learn to get along?
Will Japan to remain permanently "offline" with everybody developing mysterious rashes, blisters, skin sloughing and hair falling out or will an imaginary solution be discovered, covering all unusable land with cheesecloth, duct tape and Saran Wrap? Will the rest of the world stop buying anything from Japan or will governments quit measuring radiation and declare the world safe?
Will inclement record prolonged heat cause disruptions to summer crop yields resulting in mass food shortages, higher prices and starvation or will many people learn to live without food?
Will inflation be solved by wage and price controls before or after the peasantry revolt?
Will ther ever be any jobs, again?
Will central banks act responsibly?
Will the system keep coming unglued or is the end of the world nigh?
Stay tuned for this season's premiere of Adults Unsupervised, coming right up in real time, high definition.
It's not just reality, it's the end of the fucking world. And immediately after Adults Unsupervised, the full multi-season rerun of Jersey Shore!
Yes, scam continues, warfare is profitable, blisters yes, offline for a while but never coming back really, yes expensive food, fema camps, they come with hats and nametags, never have yet why should they stop being criminals, end is near.
Let Obama sign the order to allow the treasury to "print". I beleive it is unconstitutional for the treasury to borrow without Congressional approval, that is why there is a debt ceiling statute in the first place. The treasury can print without congressional approval according to the 14th amendment. If Timmy borrows unlawfully, Congress may have the federal marshals arrest him and anything he borrows may not be backed by the full faith and credit of the U.S.
Last week, all six Republicans running as Democrats in Wisconsin got beat. Boehner is of no use whatsoever. He was going to go to Camp David on one Friday. Then last Friday the Neocon clowns trotted out Steve Wynn. Steve, if you like Chinese workers, sell out and go live in China. Republicans cannot say that tax cuts create jobs. Politically, they've shot themselves in the foot. The hemorraghing continues.
Default and do a no deficit economy.
That means cutting government spending by about 50% overnight.
GDP will crash about 17% in the first year...and this is why they won't do it.
Socialism does not work, period. I suppose we should keep 300 million enslaved to debt forever so a few don't die in protests. Oh, okay. When the ponzi collapses, millions could die. And that's what you want?
I think that's what a lot of the right-side voters wanted in the last Congressional election, yes. Which see Totin's comment above.
The problem is: You've gone too far in the equation. You now either have to let the market decide when it blows, or start shooting it yourself, and that will include the human factor in all of this.
If one measures unemployment in the same fashion as during the First Great Depression, then we're about 20% unemployment. Now, add in gubamint workers. So, about half of all America works for the gubamint or some such fucked up large number. And of those who do work for the gubamint, less than 50% actually work, so there's another 20% to add to the prior 20% making 40% effectively unemployed. Then add in the 25% of the population on the dole. Add that 25% to the 40% and fuck me by any reasonable standard, "Sur-prise, Sur-prise" and that makes it about 65% of America don't fucking work anyhow. Leaving some small measley 35% who do the cart pulling.
And you're worried about 59% unemployment?Who cares?
You already got 59% unemployment. As long as Jersey Shore, the View, CNBS, Mr Rogers Neighborhood and MTV are available along with free porn on the Internet, a few more people get food stamps and it's No Fucking Change!
The last I read on Shadowstats, it was about 25 1/2%, and that was with a 9 1/2% headline figure.
The only way this changes is, when the time comes, the population must contract, since the tax base will not expand to the point it needs to to support the current 310-315M.
Ummm... taxes? The Federal Government is borrwing 50% of the outlays. That means that 50% is already available thru taxation. Cut spenditures in half and you balance the budget.
@'..balance the budget." but only the
federal budget
and you also collapse the economy.
.
but being that every federal reserve note
and all derivatives created from or based
on those notes are debt instrument in excess of 100 %
of all notes and credit as p does not equal p + i,
a deficit free economy is an economy with no fiat
money or outstanding loans.
.
where does the money come from? what is legal tender?
do we need tender that must be legal? if so, by what
authority?
Incredibly foolish optimism...50% of government spending would be ~1.8T dollars out of a $14.7T GDP, or about 12%, but would have much more drastic repercussions as it rippled through the rest of the economy because the jobs supported by that spending would cause people to stop their own spending as well. The nurse working at the hospital funded by Medicare would not buy a new car. The laid off auto-worker would not go to the football game. The vendor from the stadium would not buy... etc...until you've given up 30-40% of GDP for many years. It would not magically right itself after a year, no matter how fervently you believe in the invisible hand. If anything, you would make the entire country that much more dependent on credit from the very banksters you decry here daily.
You do not kick cocaine and heroin cold-turkey without serious biological consequences. You do not kick debt overnight without serious economic consequences.
Yes, that fate is coming whether we default or not; call it an analog to built-up tolerance. We could have taken our medicine at several points during the last 5 decades, but chose not to be responsible. People voted for Reagan after he spent money he didn't have. People voted for Clinton after he spent money he didn't have. People voted for Dubya after he spent money he didn't have. People will probably vote for Obama again after he's spent money he doesn't have. If that was you, then pat yourselves on the backs; you're the pusher-man's best friend too.
If the SHTF for real, pennies, nickels, dimes, etc. will be the real currency. Silver and gold will so coveted you will never see it, except maybe when the grave robbers are taking it from cemeteries.
Why would republicans be afraid of the voters, whatever they do? Reelection rate? 90%... Defaulting or raising the debt ceiling won't change those reelection rates.
Corporate Tax Holiday in Debt Ceiling Deal: Where's the Uproar?
I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second “one-time tax holiday” will be approved for corporations as part of whatever sordid deal emerges from the debt-ceiling negotiations.
This is for the suffer This is for the proof This is for the lover soaking in the truth This is for the liar This is for the dream This is for America burning at the seams
Cut Off. Cut Off. Cut Off. Cut Off.
This is for the treason This is for the speed This is for the money cumming in the mouths of the meek This is for the president This is for the bomb This is for the believers and all who belong
{}
This is for the believers of the proof This is for the believers of the truth These are for the seeds for all who pollute Polluters of the mind and all who use
Ain't never heard such big talk from a bunch of slaves.
You actin like your forefathers paid for freedom with blood and you were vigilantly and jealously guarding it. You were really just effin off in the back pasture with some slave gurls, barleycorn malt and fake paper federal reserve debt notes.
My only question is what date and time do I show up on the mall in Washington DC with a bad attitude and a couple of broken bricks to toss at riot police?
The Treasury's checking account grew by a big $57 bn last week. The money appears to have been simply transferred from the bank reserves that everyone has been so focused up, which fell $60 bn.
At this rate the Treasury can tap another cool $1.6 trillion.
Why not? The Fed typed up the bank reserves in the first place. Now they're typing them over to the Treasury.
For all those wringing their hands over fear that the banks might someday start loaning out the typed up reserves, the real outlet for the 'parked at the Fed reserves' is instead via Treasury check writing.
Maybe this is THE PLAN and they want to default this way and not through inflation like we all expect. Maybe when they played golf together and drank beers they said "Hey. Lets fuck with everyone and default the old fashioned way. We'll pretend we hate each other and each blame the other side." They really they don't give a fuck one way or the other in my opinion. Bottom line America can't keep Welfare and Warfaring like we've been doing. Their's not enough money or resources on this planet to sustain it. Looks like they are more than happy to keep the Warfare for themselves and get rid of the Welfare for their people. God Bless the United Imperial Colonialist Oligarchical States of the World Empire. (UICSWE)
Beavis and Butthead would do a better job. They don't have any credit, their GDP goes to nachos, they work part time, they go to school and they know what to do with cockroaches.
do i have this correct?
both parties are arguing we suffer
from a lack of fiscal discipline but
agree that the debt ceiling must be raised?
.
is this really the nature of the debate
at this surreal moment in time?
.
it is just two zombie thieves arguing over
the best cuts of meat as they drool
and mumble incoherently over the corpse
of their parentage.
.
honor, only two kinds, get honor and stay
honor.
.
and it will not be sunshine and light for
this mentality when reality asserts itself
regardless of recent past experience.
What, not a line about that lame masses that could easily kill this zombie with a headshot but, instead, sit at home with its brightest arguing on a message board, imploring each other to "go first" with the first shot?
That should read: "Americans voted for a divided government." And ended up with a GOP yobish crowd. Why is the U.S full of people that often voted against their own interest?
Because it turns out, as a character in Herman Wouk's Marjorie Morningstar once bitterly pointed out, "the unwashed worship the washed."
All those middle class fools think that one day they can be rich, too, so they vote for the representatives of the rich. It never seems to occur to them that by doing so, they are perpetuating a system that makes it harder than ever to get rich.
To me, the perfect paradigm right now of the far right's ability to deflect attention from the ghastly breakdown of democracy is Michele Bachmann crowing about a victory for personal freedom over LIGHT BULBS, while the government concedes all but a facade of control and power to the corporate plutocracy whose money buys all the legislation it wants.
When they write about the downfall of the American democracy, it will all be traced back to the influence of money, particularly corporate money, in politics, that no one seemed able to stop.
The Republicans are banking (you should pardon the expression) on being on the side of (read: in the pockets of) the winners, forgetting that most plutocracies are short-lived because they engender bloody revolt.
Short-sighted, lemming-like fools. They need to look back at the Pharoahs, the Roman Empire, the fall of Louis XVI and Marie Antoinette, the Romanovs, etc. They won't, of course, but they should.
And the middle-class should head for the Mall with torches and pitchforks. Now
Let me ask you a question. Do you get paid to post that dumb crap on forums and blogspots? Seriously. Now that I'm retired, I could always use a few extra bucks and I'll pimp for who ever pays the bills...right wing, left wing, doesn't matter.
Even the anarcho-capitalists on this site must relish this genius political drama. [pours third Highland Park, neat, splash of room-temp water, tries to forget "high-end" bubble article from yesterday]
So, how do we file a lawsuit against the NYT for their bogus and misleading crap they spewed Thrusday about a deal being done? How many people lost money on their investments due to this scam reporting if you had Gold/Silver/or short the ponzi market?
Dupe.
I am too confused to pick a topic to comment on. Jell-o is pissed about being told they are like Obumer. Boehner needs to stand firm and not cave (big trick), lets just default now and not pay anyone. If we start over at zero maybe we can get a government that works. Last thing, tell Pelosi it is okay to have another drink, there is still enough money for booze.
lol...this is bullish for jello...BTFD
Boner Speaks
Speak, boy speak... Roll over Boner... Fetch Boner... Now, step and fetch like that mutt in the White House... Step and fetch for Wall Street TBTF rulers that own you Boner... Good Boner...
Boner = junk
Obama = junk
Wall Street = junk
Apple Computers = junk
McDonalds = junk
Hollywood = junk
TV/NETFLIX = junk
Treasuries = junk
US Military = junk
FBI = junk
USA = junk
DEFAULT
The US people deserve, for once in their life, to see their world for what it is. JUNK. WORTH NOTHING. HAS NO VALUE. ZERO.
Brilliant analysis, really. But this could be your lucky day. If you can manage to scavenge Apple, I'll give you $15 for it.
Now that the faggot Eurotrash has been heard from... oh, wait.
I agree.
Web porn = the gift that keeps on giving
#1 : anyone who pays for pr0n these days is an idiot
#2 : if you set it up right, a meta-pr0n site with illegally redirecting adlinks to proxy dumbsock sites gets you $500k a month -- if you don't know the industry, this has offset the massive loss of revenues that sole content sites have lost [Pulp/DVD/Hardcopy -- indeed, if you store pr0n on your computer these days, you're a muppet]
#3 : Amateur > Pro anytime
slaughterer < junk
Remix to Team America? Fuck yeah!
Remix to Team America? Fuck yeah!
Rodeos?
Taco Bell?
Internet?
Pornos?
Wallmart?
Slavery?
Immigrants?
Remix to Idiocracy? :D
But you don't get two things:
1) This government is, fairly openly, keeping 20-40% of the population alive. Cutting it off now _ends the country_.
2) If everything is worth zero, then so is my life -- and, more importantly, yours as well. Once enough people get that sense of (lack of) value, it is on and the streets run red.
Ever heard of Debt? You dont have Zero Value Arseholes, you and all your fuckers still owe your debts to the Chinese. Me? I'm a South African Wheat grower.
What's the most bankrupt socioeconomic theory in history? Marxism? Nope. Socialism? Nope. Corporatism or fascism? Nope? It's empire. Empires always self-destruct...every time. And the leaders never see the edge of the cliff coming.
Actually, most Empires fail because people inherit the issues - mostly the people who create them enable a good 50-350 years of 'good times' before the 'tards fuck it up.
Look at Murdoch - something tells me that James isn't up to the old man's scratch .... and the old man knows it [and thus forced $250mil buyout on his daughter to present a new legitimacy]
So much for Keynesianism.
grab a cocktail and your best lady...cuz its whispers time...
And The Beat Goes On
Keynesianism = JUNK!!!!!!!!!!!!!!!!!!!
There, there. Have a glass of Ouzo.
OK, BARBECUE = NOT JUNK. LOL.
Idiot politicians, bitchez!
Idiot politicians, bitchez!
so we can agree, both democrat and republican, that the
savers and elderly need be ass fucked and sodomized so we
as representatives lording over their heritage and labor can
continue perfecting our golf swings and full body tans, not
to mention our enjoyment of the orphans and the stolen sexual
favors of same at our monumental roman washington soirees, but
we have irreconcilable differences regarding taxing the ubber wealthy
to pay the interest on the un payable debt / money supply. it
makes no sense to tax the ubber wealthy because the system is designed
for them to receive the value of the tax anyway, so what is the point?
save the money on the bureaucratic system and just let them have the
money. their money. all the money. that is fiat money created out
of thin air by .... the public or the private, themselves or their
partners, forces.
.
what is absurd here is that both criminal, stealing rapist parties
are arguing for fiscal discipline of their particular favorite flavor
( fucking the savers and seniors and children, this they have as common
cause ) and demanding an......
wait for it ........... ahhhh ....
increase in the debt !!!!!
.
the only way to square this is to speak gibberish to the
point of audience fatigue, and then declare a good evening.
turn out the lights and top yourself. the shit show of experiencing
these shitheads articulate this absurdity is painful and must mark,
as a signature, the end of an epoch.
.
money system.
.
they are either very stupid or very evil, or both. no one will
say....
end the fed. the solution. why? because they are all in on the take.
the central crime of our time. they are criminals and thieves and they are either
too stupid or too evil to deal with it. this is the stuff revolutions are made of.
ubiquitous denial and stupidity. imo
-1, style
apologies.
but it is not about style contrary to
popular infatuation. it is about the substance
of a scam. stealing with a nice suit and a tan.
stealing from the elderly and the young by a
group of people who deserve not the heads they
carry on their shoulders.
we have the prisons and the space for the guilty.
-2, hole in one on the 15th for john Q. no-eyes.
though, i'll have my guillotine made from styrofoam please. in a world that's all surface, it would be a shame to choose violence before dada.
i say we turn the Masters course into FCI Augusta and let these mofos still be able to get in their round a day (as long as they tend the grounds and use net zero water & energy of course). we could even charge $99 a person to watch them play to help pay down the debt. (no cameras allowed)
it'll be a bigger hit than Disneyland, i'm telling ya. shame's a great seller.
!
Pardon, but is this 'Boner fucks the American people' ?
The meme department is having a field day lately.
Real drama next, on "Adults Unsupervised"
A bankrupt Europe initiates a new infinitely capitalized rescue fund from thin air to save the infinitely bankrupt members of Europe. Will the Nordic North still love the Slovenly South? Will the Italian and Greek beauties still prance about in string bikinis during the perpetual holiday of public disorder?
America teeters on the horizon of an event of default.... for which there is no grace nor cure period. Will the money bags of Asia keep face and fund the scam or pull the plug on the whole world?
Will freedom reign from sea to shining sea across the MENA region perptuated through ever increasing theaters of war, or will everybody just learn to get along?
Will Japan to remain permanently "offline" with everybody developing mysterious rashes, blisters, skin sloughing and hair falling out or will an imaginary solution be discovered, covering all unusable land with cheesecloth, duct tape and Saran Wrap? Will the rest of the world stop buying anything from Japan or will governments quit measuring radiation and declare the world safe?
Will inclement record prolonged heat cause disruptions to summer crop yields resulting in mass food shortages, higher prices and starvation or will many people learn to live without food?
Will inflation be solved by wage and price controls before or after the peasantry revolt?
Will ther ever be any jobs, again?
Will central banks act responsibly?
Will the system keep coming unglued or is the end of the world nigh?
Stay tuned for this season's premiere of Adults Unsupervised, coming right up in real time, high definition.
It's not just reality, it's the end of the fucking world.
And immediately after Adults Unsupervised, the full multi-season rerun of Jersey Shore!
Yes, scam continues, warfare is profitable, blisters yes, offline for a while but never coming back really, yes expensive food, fema camps, they come with hats and nametags, never have yet why should they stop being criminals, end is near.
We are seriously fucked.
Didn't boehner get the memo? He's supposed to eat his peas!!!
http://48577.spreadshirt.com/green-obama-A7837883
Boner pulled a Hopey!
hahahahahahahahaha!!
So funny in an insidiously sick way.
Let Obama sign the order to allow the treasury to "print". I beleive it is unconstitutional for the treasury to borrow without Congressional approval, that is why there is a debt ceiling statute in the first place. The treasury can print without congressional approval according to the 14th amendment. If Timmy borrows unlawfully, Congress may have the federal marshals arrest him and anything he borrows may not be backed by the full faith and credit of the U.S.
Last week, all six Republicans running as Democrats in Wisconsin got beat. Boehner is of no use whatsoever. He was going to go to Camp David on one Friday. Then last Friday the Neocon clowns trotted out Steve Wynn. Steve, if you like Chinese workers, sell out and go live in China. Republicans cannot say that tax cuts create jobs. Politically, they've shot themselves in the foot. The hemorraghing continues.
...and you are saying that increasing taxes creates jobs?
Boehner is of no use whatsoever. He was going to go to Camp David on one Friday.
No, he declined that invitation
Then last Friday the Neocon clowns trotted out Steve Wynn
Steve Wynn trotted himself out. This magical vast conspiracy that you see, does not exist.
Republicans cannot say that tax cuts create jobs. Politically, they've shot themselves in the foot.
It's proven that tax cuts do create jobs, hello. Please, put down the crack pipe.
Please do link to whatever Laffer curve promotional materials you've mistaken for 'proof' that tax cuts create jobs, ignoramus.
At least in movies there were surprise endings.
This episode seems to be all too predictable
borrow more
no cuts
slap each other on the back for a job well done
reelect them
we're screwed
Default and do a no deficit economy.
That means cutting government spending by about 50% overnight.
GDP will crash about 17% in the first year...and this is why they won't do it.
Cut government spending by 50%. Result: Unemployment goes to 59%
Cut it by 20%. Yes, unemployment goes up temporarily, until the warped economy readjusts and actual productive jobs are created.
Here. Here....AMEN brother. Let me hear one more time...
And how many people get killed in the interim?
(Or (and this is what I think many in the current Tea Party believe) is THAT how you adjust the economy (by openly exterminating the unproductive!)?)
Socialism does not work, period. I suppose we should keep 300 million enslaved to debt forever so a few don't die in protests. Oh, okay. When the ponzi collapses, millions could die. And that's what you want?
I think that's what a lot of the right-side voters wanted in the last Congressional election, yes. Which see Totin's comment above.
The problem is: You've gone too far in the equation. You now either have to let the market decide when it blows, or start shooting it yourself, and that will include the human factor in all of this.
59%????????????????????????????????
If one measures unemployment in the same fashion as during the First Great Depression, then we're about 20% unemployment.
Now, add in gubamint workers. So, about half of all America works for the gubamint or some such fucked up large number. And of those who do work for the gubamint, less than 50% actually work, so there's another 20% to add to the prior 20% making 40% effectively unemployed.
Then add in the 25% of the population on the dole.
Add that 25% to the 40% and fuck me by any reasonable standard, "Sur-prise, Sur-prise" and that makes it about 65% of America don't fucking work anyhow.
Leaving some small measley 35% who do the cart pulling.
And you're worried about 59% unemployment?Who cares?
You already got 59% unemployment. As long as Jersey Shore, the View, CNBS, Mr Rogers Neighborhood and MTV are available along with free porn on the Internet, a few more people get food stamps and it's No Fucking Change!
This is Fucked!
The last I read on Shadowstats, it was about 25 1/2%, and that was with a 9 1/2% headline figure.
The only way this changes is, when the time comes, the population must contract, since the tax base will not expand to the point it needs to to support the current 310-315M.
And I speak as one of the first to probably go...
@"no deficit economy". where does the money come from?
Ummm... taxes? The Federal Government is borrwing 50% of the outlays. That means that 50% is already available thru taxation. Cut spenditures in half and you balance the budget.
@'..balance the budget." but only the
federal budget
and you also collapse the economy.
.
but being that every federal reserve note
and all derivatives created from or based
on those notes are debt instrument in excess of 100 %
of all notes and credit as p does not equal p + i,
a deficit free economy is an economy with no fiat
money or outstanding loans.
.
where does the money come from? what is legal tender?
do we need tender that must be legal? if so, by what
authority?
Incredibly foolish optimism...50% of government spending would be ~1.8T dollars out of a $14.7T GDP, or about 12%, but would have much more drastic repercussions as it rippled through the rest of the economy because the jobs supported by that spending would cause people to stop their own spending as well. The nurse working at the hospital funded by Medicare would not buy a new car. The laid off auto-worker would not go to the football game. The vendor from the stadium would not buy... etc...until you've given up 30-40% of GDP for many years. It would not magically right itself after a year, no matter how fervently you believe in the invisible hand. If anything, you would make the entire country that much more dependent on credit from the very banksters you decry here daily.
You do not kick cocaine and heroin cold-turkey without serious biological consequences. You do not kick debt overnight without serious economic consequences.
Yes, that fate is coming whether we default or not; call it an analog to built-up tolerance. We could have taken our medicine at several points during the last 5 decades, but chose not to be responsible. People voted for Reagan after he spent money he didn't have. People voted for Clinton after he spent money he didn't have. People voted for Dubya after he spent money he didn't have. People will probably vote for Obama again after he's spent money he doesn't have. If that was you, then pat yourselves on the backs; you're the pusher-man's best friend too.
we better hope we still have change in our pockets when this is over
I think that a boehner speaks for itself.
Tuco
Yeah, don't that suit look gooood! Image is everything.
If the SHTF for real, pennies, nickels, dimes, etc. will be the real currency. Silver and gold will so coveted you will never see it, except maybe when the grave robbers are taking it from cemeteries.
It's over when nobody has anything but the uber-wealthy. Not before.
Of course we have more adjustments to make because they are still not addressing the real issue of energy and the end of cheap energy.
Also, to those that think the debt ceiling will be raised no matter what so we might as well accept it and move on:
I know for a fact that if we don't tell them to leave the debt ceiling as it is then we certainly won't get what we want. So-
To Congress: DON'T RAISE THE DEBT CEILING AND DO CUT THE SPENDING!
Don't worry. Energy will be plenty cheap when UE is at 40% and no one needs to drive to work or make anything anymore.
... got oatmeal??!
I can see it now. 'Boehner pulls a boner.'
It's a debate about our property, that it might have jobs and that we might steal from it.
No fear comrads, The Glorious Era of Soyuz begins!
http://nasawatch.com/archives/2011/07/rejoice-comrade.html
Boehner goes limp, pulls out... of talks with the White House.
cut every government check issued
by 50 %....a good start...
Why would republicans be afraid of the voters, whatever they do? Reelection rate? 90%... Defaulting or raising the debt ceiling won't change those reelection rates.
Just push some of their buttons...abortion, muslims, mexicans, whatever...they'll fall in line...they always do.
Señor Boner,
I want more taxes on the American People, the ones that make several million a week in unearned income.
You are just a puppet with no strings attached. Koch up a furball and what do you get?
Terrific new article by Matt Taibbi:
Corporate Tax Holiday in Debt Ceiling Deal: Where's the Uproar?
I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second “one-time tax holiday” will be approved for corporations as part of whatever sordid deal emerges from the debt-ceiling negotiations.
http://www.rollingstone.com/politics/blogs/taibblog/holiday-in-scambodia...
Matt loves the state. He thinks it's ok to steal. He's just jealous and convinced he could steal better.
So what. Everybody wants to steal, or slip into Coma America:
http://www.youtube.com/watch?v=omW06XfBcsM
This is for the suffer
This is for the proof
This is for the lover soaking in the truth
This is for the liar
This is for the dream
This is for America burning at the seams
Cut Off. Cut Off. Cut Off. Cut Off.
This is for the treason
This is for the speed
This is for the money cumming in the mouths of the meek
This is for the president
This is for the bomb
This is for the believers and all who belong
{}
This is for the believers of the proof
This is for the believers of the truth
These are for the seeds for all who pollute
Polluters of the mind and all who use
medication time.
It's the Son of Repatriation Tax Holiday...or the "Imelt Needs a Bigger Bonus" plan...but he'll create jobs here...honest!
Yall shore are petulant for a bunch of property.
Ain't never heard such big talk from a bunch of slaves.
You actin like your forefathers paid for freedom with blood and you were vigilantly and jealously guarding it. You were really just effin off in the back pasture with some slave gurls, barleycorn malt and fake paper federal reserve debt notes.
My only question is what date and time do I show up on the mall in Washington DC with a bad attitude and a couple of broken bricks to toss at riot police?
Depends on your position in all of this. For some, I could see as early as August 3rd itself, given what may or may not happen in "prioritization".
Without knowing your particular situation (and no interest in finding it out -- I'm just saying...), I can't say when your cracking point is.
Default?
Take a look at the Fed's latest balance sheet.
The Treasury's checking account grew by a big $57 bn last week. The money appears to have been simply transferred from the bank reserves that everyone has been so focused up, which fell $60 bn.
At this rate the Treasury can tap another cool $1.6 trillion.
Why not? The Fed typed up the bank reserves in the first place. Now they're typing them over to the Treasury.
For all those wringing their hands over fear that the banks might someday start loaning out the typed up reserves, the real outlet for the 'parked at the Fed reserves' is instead via Treasury check writing.
What do'ya think Tyler?
Go to paragraph 8 of the following
http://www.federalreserve.gov/releases/h41/current/h41.htm
You guys, the indian metals exchange opens up on saturday, what do you guys suggest i should do? i hold Copper Shorts as of now...
You guys, the indian metals exchange opens up on saturday, what do you guys suggest i should do? i hold Copper Shorts as of now...
I'd suggest you stop asking the same fucking stupid question on every thread, for a start.
Maybe this is THE PLAN and they want to default this way and not through inflation like we all expect. Maybe when they played golf together and drank beers they said "Hey. Lets fuck with everyone and default the old fashioned way. We'll pretend we hate each other and each blame the other side." They really they don't give a fuck one way or the other in my opinion. Bottom line America can't keep Welfare and Warfaring like we've been doing. Their's not enough money or resources on this planet to sustain it. Looks like they are more than happy to keep the Warfare for themselves and get rid of the Welfare for their people. God Bless the United Imperial Colonialist Oligarchical States of the World Empire. (UICSWE)
All this drama is really unbecoming
we all know the default's coming
eventually
it's only a matter of timing
there is no way we'll be able to service that debt going forward
fuck
get it over with already, eh
cut to the chase
drive this fucker off a cliff on the front side
I don't feel like playing out the decades long endgame
is this some democratic ploy to run against obama? 1 term president coz he doesn't even get the nomination for the 2nd term? is that possible?
Beavis and Butthead would do a better job. They don't have any credit, their GDP goes to nachos, they work part time, they go to school and they know what to do with cockroaches.
Timely quotes:
"As the old WW I ballad said, "I don't know where we're going, but we're on our way." (Jesse's Cafe Americain).
My old quote: 'Bad news and good news': "We're lost, but we're ahead of schedule".
But the debt limit problem is worse: "We're lost, and in days we'll be behind schedule".
GOP = The Taliban
At their most effective, maybe.
The Taliban, though vile, is much more honest about their intentions.
do i have this correct?
both parties are arguing we suffer
from a lack of fiscal discipline but
agree that the debt ceiling must be raised?
.
is this really the nature of the debate
at this surreal moment in time?
.
it is just two zombie thieves arguing over
the best cuts of meat as they drool
and mumble incoherently over the corpse
of their parentage.
.
honor, only two kinds, get honor and stay
honor.
.
and it will not be sunshine and light for
this mentality when reality asserts itself
regardless of recent past experience.
What, not a line about that lame masses that could easily kill this zombie with a headshot but, instead, sit at home with its brightest arguing on a message board, imploring each other to "go first" with the first shot?
these weapons / guns etc. are dangerous !
i implore people to stay away from these weapons,
the projectile type,
of mass stupidity. maybe i'm crazy?
Affe mit Kalaschnikow
http://www.youtube.com/watch?v=yhvicq41lMw&feature=player_embedded
.
the heart is the weapon.
soul soldier
http://www.youtube.com/user/peacsees#p/u/15/PPKZW8c2E40
"Take your stinking paws off me, you damned dirty ape!"-Heston
That should read: "Americans voted for a divided government." And ended up with a GOP yobish crowd. Why is the U.S full of people that often voted against their own interest?
Because it turns out, as a character in Herman Wouk's Marjorie Morningstar once bitterly pointed out, "the unwashed worship the washed."
All those middle class fools think that one day they can be rich, too, so they vote for the representatives of the rich. It never seems to occur to them that by doing so, they are perpetuating a system that makes it harder than ever to get rich.
To me, the perfect paradigm right now of the far right's ability to deflect attention from the ghastly breakdown of democracy is Michele Bachmann crowing about a victory for personal freedom over LIGHT BULBS, while the government concedes all but a facade of control and power to the corporate plutocracy whose money buys all the legislation it wants.
When they write about the downfall of the American democracy, it will all be traced back to the influence of money, particularly corporate money, in politics, that no one seemed able to stop.
The Republicans are banking (you should pardon the expression) on being on the side of (read: in the pockets of) the winners, forgetting that most plutocracies are short-lived because they engender bloody revolt.
Short-sighted, lemming-like fools. They need to look back at the Pharoahs, the Roman Empire, the fall of Louis XVI and Marie Antoinette, the Romanovs, etc. They won't, of course, but they should.
And the middle-class should head for the Mall with torches and pitchforks. Now
Deleted
Let me ask you a question. Do you get paid to post that dumb crap on forums and blogspots? Seriously. Now that I'm retired, I could always use a few extra bucks and I'll pimp for who ever pays the bills...right wing, left wing, doesn't matter.
[slow clap]
Even the anarcho-capitalists on this site must relish this genius political drama. [pours third Highland Park, neat, splash of room-temp water, tries to forget "high-end" bubble article from yesterday]
So, how do we file a lawsuit against the NYT for their bogus and misleading crap they spewed Thrusday about a deal being done? How many people lost money on their investments due to this scam reporting if you had Gold/Silver/or short the ponzi market?
I think a serious lawsuit is warranted...
Please, please, please! Just keep the ponzi going until after I'm dead.
No one is going to make the hand choices here, that's not what politicians do. The decision will be forced on them in due time.
I wonder if USA can have Gladiator style games and be bloody. This might solve the crisis. If not ,USA can join the PIIGS or GIIPS.
Is the US dollar soon going to drop like a sack of lead or like every other piece of bad news in the last year is this already 'priced in'?