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A quick look at the headlines over the past
weekend shows that this country's fiscal crisis is being brought into greater
focus. States are proposing cutbacks, and governors are telling
constituents that we cannot kick the can down the road any longer. It all
makes sense, and it is rhetoric that we have all heard before, and in politics,
words speak louder than actions.
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Channeling Chumbawamba:
I will not submit or consent.
I have seen the light
G.G? pray enlighten me.
sheer poppycock! it's always a v-bottom in America. god bless the bernank.
oh yeah, and tell that fuking midget G.G. his sister is psycho.
I vote we put an original american from his reservation in charge of america. He couldn't do a worse job than the sons of the pilgrim fathers. (Monetarists, reds, blues, TBTF addicts, all included).That way, at least the land of the free and the home of the brave would pay back a little to those whom they robbed in the first place. After a black president, let's have a 'tomahawk' president. He may chop off a lot of the BS now being circulated. Send those lobbyists and corporate elitists to some new reservations...Maybe, elect Meredith and ZH luminaries as select counsellors, get the ball rolling to a new dawning, spawning sons of Chingachgook and Hawk-eye as new pathfinders.
It is interesting how we are basically fucked because people and politicians have put us deeply in debt, so the answer is tax me more? I am not a banker, just hardworking upper middle class. I will go john galt on you. Guess how much tax money you get when I slow down at my business and.start dealing in cash?
The time for sacrifice has indeed arrived. Let's sacrifice the Fed first.
how about a double-play, Fed and Washington, one cut and get it over with... sorted
"i wont pay" movement spreads in greece.
http://nakedempire.wordpress.com/
Well, to be realistic about it, they already weren't paying in Greece. Tax evasion has been a ubiquitous practice in Greece. Maybe, to emphasize that things have changed, greeks could say "I now openly refuse to pay!"
I know, I know. I read the piece. It involves a lot of little civil disobedience sort of things now, not paying tolls and subway fees etc. But you get my point.
I've always been frugal. Paid cash for a home in 1992. Saved 15-25% yearly and paid cash for my son's college. Its so liberating.
peasant austerity , jobless recovery, new normal
selective bailout agenda, like looting only more systematic
and thorough. perhaps "draining the swamp" would be
an alternate phrase that could be used in private. or skinning
the natives, creating demand for the mendicant and mortician.
along those lines
No more road and the can is a lot bigger.
that's a political strategy called 'suicide socialism' ...each new politician follows the same path without ever learning what the Final Chapter says first... we're 'led' by Lemmings
I guess that's what happens if you never leave your serfdome.
I fully think the chickens are coming home to roost. Hopefully not to the point where I have to go back to the north woods and be "off the grid" and self sufficient. Only time will tell. Mark Twain... If you tell the truth, you don't have to remember anything. Small phrase, infinite wisdom.
What about user name and password?
Yep, but the sad thing is, these idiots think their fascist fantasies are real, and that they patriotic. Thus they can talk about bullshit freely, because they freely believe their sophist bullshit.
Talk about morons.
Glass-Steagall
I work for the federal government, and from what I have seen, the government has squandered multiple opportunities over decades to resolve the problems while they were still..... if you will, somewhat small. Funny how now that I have this job which was considered to be the most secure is probably one of the most unstable. 99er I wish not to be, and that is why I reside here now. Hopefully, more enlightend. F me for wanting something stable.
Don't feel sorry. Only insane people look down at gov't jobs.
It's what people do IN gov't jobs that should be bitched at, IF they are DIRECTLY part of the problem. 99.99% have no say on the PATH they take. Many GOOD gov't workers, are held back by CAPTURED and CORRUPTED gov't workers. You don't judge gov't by the bad apples that are put into power, apparently most of the time they are the same ones that do the bitching.
You don't destruct gov't....you use it correctly. Get rid of the scumbags, the idiots, those with no vision....as the ones setting policy.
Nothing wrong with having a gov't job. The idiots are going to have to deal with it.
But you see without gov't, you can't have a private sector. At least one that isn't even 10x more screwed up than what we have now.
It's always amazing how many people push for policies that do the exact opposite of what they want, or need. Then bitch about it, and elect even bigger retards.
No more monetarism.
We need Glass-Steagall
P.S. It's not a buzzword, it's a fascist idea that isn't needed, and will only needlessly cause harm. Not surprisingly it's pushed mostly by those that caused the situation with their idiocy. You fucked up with your fucked up completely wrong system, and now you want the people to pay for it. You can eat shit for all I care!
We're going to pass Glass-Steagall and you're (author) whole fantasy will come crashing down.
But you see without gov't, you can't have a private sector. At least one that isn't even 10x more screwed up than what we have now.
But you see, without a PRIVATE SECTOR you can't have GOVERNMENT.
THERE. Fixed it for you. You are a perfect representation of my previous thesis that the elites own the Universities and thus you are indoctrinated and live inside this matrix , conditioned perhaps, to love your servitude.
Nice. Couldn't have said it any better myself.
We created these federal and state governments to serve the people...defend the country, maintain the roads, keep the peace, etc...and they have grown into enormous parasites over the years.
In order to kill the parasite, you have to cut it off from the host...some states are attempting to do that now (ie Wisconsin). The public sector employees will need to learn to be happy with what we (taxpayers) give them. They're the "overhead" of the state's economies...NOT the producers.
Unfortunately our fedgov has the FED so until that goes, it's just a plain lost cause...you cannot lower federal spending because of the existence of the FED...won't happen...can't happen.
Obviously junked by a dumbass whose reality isn't reality. Junk me all you want, you'll find out your reality isn't real one way or another. This will stand the test of time. Your fascism won't. If you're thinking is all fucked up, and it is, change it. Instead they 'hit junk', like it matters to me, and then they go their stupid way and keep on believing bullshit. You're only digging your own schizophrenia hell deeper.
Glass-Steagall
ROFL another guy who thinks it's 'right' to cut because of a MONETARY deficit, caused by MONETARY imbalances, due to MONETARY bullshit.
Here's a clue.
No need to print to pay off fraudulent debt. (Why devalue the currency for bad fraudulent debts?)
No need to have austerity to divert tax monies away from what they are collected for, and instead to pay off the banksters for their fraudulent debt.
You see YOU are just as bad as Big Ben and Paul Krugman. Just like them, you want to PAY OFF THE FRAUD?
Hell no.
Instead we're going to GLASS-STEAGALL their asses, and wipe all the fraudulent debt from existence.
Barack Paul the Keynesian Austrian, wants to pay off the banksters. No patriot, or hell any person that values their country (any of them) over the banksters will
Then guess what, no need to strip people of their rights, lower minimum wage, cut social security or medicare/aid.
Because you see, that insane quest you've been on, is exactly why the banksters got us in this position.
The idiots think that's what the people voted for? They ran on an inch, and they're taking a mile...hell a Daytona 500.
Sorry, unions were never the problem, sorry you didn't get the memo. You must of been believing the sophistry bullshit. No fascist Walker/Christie idiocy is going to happen without blowback. They are fascist authoritarians with no grip on reality, and no idea what they are talking about. Just big time idiots, who have the balls, to promote their fascist ideas in public by trying to enact them. So what if Christie says 'see I said my fascist idea, and I'm still here'. Well Jizz Jizzme, not for long.
That being said, same with NerObama.
Left/Right/Center/Tea/Wall Street Non-partisans ALL want to bend over for the fraud....either they're full of shit, stupid, or complicit in the scam. Neither is a reason to follow them. The founding fathers are 180 degrees opposite of these assholes. Those are the facts. They were AGAINST monetarism SO much...they created this country.
These assholes wants us to believe that his monetarism is patriotic. It isn't. It's traitorous. Free trade, outsourcing, etc. Everything these dipshits believe. If you told George Washington what you believe during the revolutionary war....he probably would of shot you.
Ain't reality a motherfucker? Not really, but for a monetarist it sure will be soon. All monetarist thinkers on all sides (generally and historically the right, but now just as much on the left) will be shown to be the frauds that they are very soon.
Here's a clue....no one (that isn't insane) wants to cut services that kill people because the banksters have good lobbyists and got away with economic murder. But that is exactly what you are proposing, and your sophistry won't sway anyone, anymore. Where's the rotten tomatoes? (or you can be on his FASCIST side, and be in the wrong against ~6.9 billion people)
Glass-Steagall
JCM,
Carter Glass (of Glass-Steagal) also brought us the U.S. Federal Reserve system, which isn't U.S., Federal or Reserved, so i'm not feeling the love with much that he touched. Sorry, Iknow you are a big fan of Glass-Steagal, but I'm more inclined to end the Fed, which may achieve your same goal-while making me happy Chairsatan will be a 99er! :)
has germman austerity failed? looks like it
http://nakedempire.wordpress.com/
It is about who pays the taxes. If the corporations had been paying more for all these years our govt would not be broke, and the bailouts would work without causing sovereign collapse.
The bubbles would not have happened.
And we wouldn't have borrowed all that money from China and Japan.
And the voters would have constrained govt. spending because they felt the pain.
The economy would have been restrained from all that "irrational exuberance". And the Fed could remain irrelevant.
http://ghickeyblog.blogspot.com
gh
absolute nonsense--the corporate tax collects little revenue, and corporations are fleeing the US anyway due to taxes and regulation.
Corporates should pay more.
If corporates are fleeing they should renounce their citizenship, then they can't use their billions to influence politics.
Move the corporate rate to 90%. Business investment is still deductible. Remember, these are taxes on PROFITS. Instead of putting their profits in a bank, they have to re-invest in this country.
Stop corporate welfare.
gh
If the corporations had been paying more for all these years our govt would not be broke, and the bailouts would work without causing sovereign collapse.
When you finally realize the CORPORATIONS are the GOVERNMENT.... then you may have come to understand it is about the corporations looting the WORLD now. China and the MIddle East have both been "paying" for our debt for 30 years now. Now the elite can bring THEM down. The elite stole all those resources. Now they can rebuild here........ There is no global warming, there is no "peak oil".......... there really are lies, damn lies, and statistics. CORPORATIONS elites ........... they OWN the media and they OWN the universities........... it is all orchestrated. If you EVER realize that the Matrix was the most authentic movie to be seen in your life., THEN you may understand...... we are surrounded.
"that you are a slave Neo. That you were born into bondage. A prison for your mind."
A movie. Gimme a break!
You rail against everything. Do you vote?
The problem is that the american people have been bribed into apathy. Unfortunately, only hardship will wake them, and then they are so ill informed that the loudest demagogue gets their support.
I don't believe in conspiracies. I think that there are many politicians, especially at the local level who are trying to do the right thing. They DO try to get re-elected, and this leads them to be short term oriented in nature, just like the people who elect them. The politicians are still answerable to the voters. It is the voters who can't make up their minds.
When the stock market was in freefall 2 years ago, I didn't hear much dissent about bailouts.
When the twin towers were falling I didn't hear much dissent about the cost of war.
When interest rates had been going down for 25 years I didn't hear much complaining.
When the NASDAQ was going to 5000 I didn't hear much complaining.
Now that things have gone sour, all I hear is people blaming someone else. It is always someone else who caused the problems.
"WE" saw it coming, they say. "WE" are not the ones to blame.
It happened because thats what humans do. It is a social phenomena that happens to rats that come into a large granary. They all get fat and lazy, and shit in their food. Then when the food gets scarce, the tear into each other.
rantingly yours,
gh
Vote. Please. I have voted in every election for at least 40 years. No one I have ever voted for has been elected. Taxation without representation anyone. BTW, you may wish to have your ears checked.
"The Buzzword is austerity" for everyone but the banksters and their connections.
There, fixed it for ya.
Now, let's everyone get out there and kill the poor, we want every one of their pennies, and as our boy Bene says there is 'no' 'inflation', we're not doing it fast enough
http://www.youtube.com/watch?v=sgpa7wEAz7I
"The sun beams down on a brand new day
No more welfare tax to pay
Unsightly slums gone up in flashing light
Jobless millions whisked away
At last we have more room to play
All systems go to kill the poor tonight ...
Behold the sparkle of champagne
The crime rate's gone
Feel free again
O' life's a dream with you, Miss Lily White
(Nancy) on the screen today
Convinced the liberals it's okay
So let's get dressed and dance away the night!"
'Auchteritywitz' will surely put the fear of God (Lloyd's Dad) into what's left of the middle classes too while they race 'em to the bottom! Wheeee!
They set the fire and then they try to kill the firemen when they get there.
QUOTE: But America is the richest nation in the world, and “we’ve” never been richer. There’s no reason for us to turn on our teachers, our unionized workers, our poor and needy, and our elderly. The notion that “we” can no longer afford it is claptrap… Wisconsin Governor Scott Walker won’t budge. He insists on delivering a knockout blow to public unions in his state… In DC, House Republicans won’t budge on the $61 billion cut they pushed through last week… – Robert Reich, from the Coming Showdowns: What’s Really at Stake (02.21.11)
QUOTE: For what’s happening in Wisconsin isn’t about the state budget, despite Mr. Walker’s pretense that he’s just trying to be fiscally responsible. It is, instead, about power. What Mr. Walker and his backers are trying to do is to make Wisconsin – and eventually, America – less of a functioning democracy and more of a third-world-style oligarchy...In principle, every American citizen has an equal say in our political process. In practice, of course, some of us are more equal than others. Billionaires can field armies of lobbyists; they can finance think tanks that put the desired spin on policy issues; they can funnel cash to politicians with sympathetic views -- Paul Krugman, Wisconsin Power Play, NYT (02.20.11)
Characterizations of the developments in Wisconsin and other states dealing with budget shortfalls by proposing union contract revisions as "union busting" or “anti-union” are incorrect. Taxpayers are the public service unions' employers; politicians are only the taxpayers' representatives. And taxpayers, by their votes in recent elections, are effectively establishing their bargaining position at the “collective bargaining” table -- suggesting that passed agreements will eventually sink all state treasuries, eventually eliminating all state services. And make no mistake, it is not current salaries that will sink the state treasuries; it is future salaries and benefits -- or in other words, budget-busting “collective bargaining.”
Since public employee unions are essentially "government," if taxpayers oppose the direction these unions are taking, their mood should not be described as "union" busting but "government" busting.
Nevermind that Reich and Krugman (and his wife) are in the education business, of course.
There are so many partisans on both sides who DO NOT UNDERSTAND that this time it is different, this time it is NOT ABOUT POLITICS.
The walls falling upon their heads will leave them dumbfounded, I just can't believe that so many just DON'T GET IT.
Right on. It's called arithmetic.
Right on. This time let's start at the top instead of going after the weak and vulnerable first, for once. I know it's not the "American Way", but what the heck, why not give it a shot?
The following figures are the California FY2011 $86.6 billion state budget. You’ll notice that the bankers and the elite rich, i.e., "the top," are not listed here. So it is a misdirected argument to suggest we California taxpayers find them and "start at the top” to cut when these are the figures California taxpayers have to pay. And if you're waiting for Congress to rope in billionaires Paulson and Blankfein and Dimon, in the meantime, if you have some extra cash, could you help us out a little?
California has a total state debt of $290,855,041,516 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap
Overall, with loss of federal funding, declining revenues and the FY2011 shortfall, the state faces an estimated $28 billion budget deficit through June 2012. Projections show that the FY2011 budget will produce a shortfall of at least $10 billion — more than 11% of state spending — in the FY2012.
The K-12 Education proposed budget is $36.2 billion or 43% of Budget; Higher Education is $9.8 billion, or 12% of Budget. Overall, Education is 55% of Budget. Health and Human Services represents 25% of Budget and Corrections, 11%. Together, these three areas represent 91% of California’s Budget, leaving 9% for Legislative/Judicial/Executive (3%), Natural Resources (2%), General Government (2%), Business/Transportation/Housing (0.8%,), States and Consumer Services ((0.7%), Labor and Workforce Departments (0.5%), and Environmental Protection (0.1%).
So you tell me, without cutting budget and discontinuing to raise the taxation, how does California assuage the hemorrhaging of taxpayers exiting the state?
http://sunshinereview.org/index.php/California_state_budget
I was in a whole traffic jam of California plates here in Texas today!!! Californians got tired of the liberal environmentalist bull crap......... regulatory hell. Only thing is that if
Texas doesn't get on it FAST and kick out all the illegals then Texas is heading in the same direction.
Uh, how is my 'start at the top' argument 'misdirected' when you're the one doing the misdirection?
Now I know that CA is just one of many effed states, but for some perspective: relax, that 290 billion of red ink isn't even close to half of what the US spends, per year, on stirring up hornets' nests worldwide.
Fucking tax that .1% 'til they shit white and you'll have all you need. They're the ones that are a drain on your coffers with their "Free for those who can afford it, very expensive for those who can't" meme. Add to that a few stiff prison sentences for those you derived that onerous debt from by unwittingly taking on financial products designed to fail, default on the fraudulent loans, and robert's your father's brother. Those things get done first and I'm sure that everybody will be more than willing to take the necessary paycuts to cover any shortfall. That's what I mean by starting at the top.
But that was an awesome Strawman you came up with. Fucking wizard of oz epic; if you only had a brain, eh?
Noted.
1. Kick out the illegals.
2. Anyone on public assistance has to be verified legal, after one year they have to work in the fields picking lettuce to collect any bennies.
3. 1/2 tax rate for any legal citizen opening a business.
4. All loans on real estate require 20% down and the loaning institution must hold to maturity. No home equity loans allowed.
Next?
The population transfer from Mexico to America is one of the largest budget items facing Americans -- although it is being ignored in the media and in Congressional rhetoric -- especially when one talks about "entitlement programs" such as Medicaid and Social Security and education.
More than 50 million Mexicans have been added to America’s population, mostly within the past 15 years; Mexico’s remaining population is just twice that, 112 million.
Of the nation's total Hispanic population, 35.9% lives in California. New Mexico is the state with the highest ratio of Hispanics, 44.7%.
In California, according to Ed-Data, using National Center for Education Statistics 2005-06 data, whites comprise only 31% of California’s student population. Hispanics make up 50% of California’s 6,259,972 student population.
Half of California students (49%) are eligible for free or reduced-priced meals.
More than 170,000 prisoners occupy California prison facilities designed for 83,000, with Hispanic inmates making up approximately 37% of the population, African American and white inmates each representing about 27%, as of 2006.
From 1982 to 2000, California's prison population grew at a rate of 500%; to accommodate the increase, the state of California built 23 new prisons at a cost of 280 million to 350 million dollars apiece. By way of comparison, California had constructed a total of 12 prisons between 1852 and 1964.
Interesting that today Rahm Emmanuel was elected Mayor of Chicago. More than half the population of the state of Illinois lives in the Chicago metropolitan area.
Says Wikipedia: The racial makeup of the city was 42.0% white (includes most of Chicago’s Hispanic population), 36.8% black, 4.4% Asian, 0.1% Pacific Islander, 0.4% Native American, 13.6% from other races, and 2.9% from two or more races. 26.0% of the population were Hispanic of any race. 21.7% of the population was foreign born; of this, 56.3% came from Latin America, 23.1% from Europe, 18.0% from Asia and 2.6% from other parts of the world.[4] The 2007 community survey for the U.S. Census showed little variation.[5] Chicago has the fifth highest foreign-born population in the country…
http://en.wikipedia.org/wiki/Demographics_of_Chicago
50 million, huh?
Fact-checking should be part of your future.
Yes but contrary to popular belief they are not here against the wishes of the ruling class, not at all. The cheap labor they provide goes straight to their bottom line and the services they consume go straight to the tax/entitlement ledger, which is not their concern.
And they are driven to the polls to vote Democrat.
Do you guys even know any real Mexican immigrants? These are people who:
1. Take risks to get ahead.
2. Take care of their families.
3. Work. Hard.
4. Want to buy houses, open businesses, go to church and send their kids to good schools.
Does that sound a bit like ZH denizens???
Why you guys are driven to scapegoat them is beyond me.
And don't start on the fraction that behaves badly - there's a fraction of everything that behaves badly.
Flame away.
Sorry for the multiples, the site was behaving strangely. Gave me 404 errors.
Do you guys even know any real Mexican immigrants? These are people who:
1. Take risks to get ahead.
2. Take care of their families.
3. Work. Hard.
4. Want to buy houses, open businesses, go to church and send their kids to good schools.
Does that sound a bit like ZH denizens???
Why you guys are driven to scapegoat them is beyond me.
And don't start on the fraction that behaves badly - there's a fraction of everything that behaves badly.
Flame away.
Do you guys even know any real Mexican immigrants? These are people who:
1. Take risks to get ahead.
2. Take care of their families.
3. Work. Hard.
4. Want to buy houses, open businesses, go to church and send their kids to good schools.
Does that sound a bit like ZH denizens???
Why you guys are driven to scapegoat them is beyond me.
And don't start on the fraction that behaves badly - there's a fraction of everything that behaves badly.
Flame away.
Do you guys even know any real Mexican immigrants? These are people who:
1. Take risks to get ahead.
2. Take care of their families.
3. Work. Hard.
4. Want to buy houses, open businesses, go to church and send their kids to good schools.
Does that sound a bit like ZH denizens???
Why you guys are driven to scapegoat them is beyond me.
And don't start on the fraction that behaves badly - there's a fraction of everything that behaves badly.
Flame away.