Guest Post: Battle of the Budget Bulge: Living Within Our Means?

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Thu, 04/21/2011 - 21:02 | 1194879 Sock Puppet
Sock Puppet's picture

As another ZHer said the other day, better start fasting 2 or 3 times a week to prepare for the colapse.

Fri, 04/22/2011 - 03:50 | 1195490 Sudden Debt
Sudden Debt's picture

I think Americans are alreday well prepared for a comming crisis.

Most have fat reserves that will last them for 2 years without food.

The only problem they'll  have will be the surplus skin after those 2 years...

 

 

 

Sat, 04/23/2011 - 01:16 | 1198480 Tail Dogging The Wag
Tail Dogging The Wag's picture


"Investors need to diversify, they need to own some real estate, they need to own some farmland, they need to own some equities, some cash, and some precious metals..."   Marc Faber —Investment analyst

Got real estate and farmland outside your home country yet?

http://www.thorssoncapital.weebly.com

Thu, 04/21/2011 - 21:06 | 1194891 FOC 1183
FOC 1183's picture

Perfect monologue for PS122

Thu, 04/21/2011 - 21:08 | 1194895 Bent Nail
Bent Nail's picture

Reduce the world population to about 500 million and everything will be okie dokie . . . so long as I am one of the 500 million.

Thu, 04/21/2011 - 21:59 | 1195006 topcallingtroll
topcallingtroll's picture

Your humor flies over at least one person.

Thu, 04/21/2011 - 22:12 | 1195041 lincolnsteffens
lincolnsteffens's picture

Sounds like that is from Helen Caldicot? No one can say you are wrong. But how many

is too much. I can ga ron tee 1Bil. would be ok too. One thing that is for sure is the concept of "If you don't grow, you die". is part of the problem. Think of humanity like yeast. If you have a nice big bucket of sugar water and only a few yeast multiplying slowly it is no problem. The problem with yeast and people is they have no concept of finite food. They just keep multiplying at their programmed rate until there is nothing left. Then they all die. So far it would appear we are no smarter and have no more control over ourselves than yeast.

Any way you cut it, we have too many using too much and we are shitting all over the place we live

 

Thu, 04/21/2011 - 23:47 | 1195228 Ident 7777 economy
Ident 7777 economy's picture

Sounds like that is from Helen Caldicot?

- - - - - -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  - 

The 'Physicians for Social Responsibility' are into population control too?

Fri, 04/22/2011 - 07:40 | 1195614 ibjamming
ibjamming's picture

So then you admit that Stalin, Mao, Hitler...were all RIGHT?  You DO need to kill off a bunch of people every so often.

Fri, 04/22/2011 - 03:56 | 1195493 css1971
css1971's picture

300 million Americans. 5% of the world population of ~6billion. 25% of world resources consumed by 300 million Americans.

Methinks 300 million americans are going to see their resource consumption drop dramatically. In fact seems to be already in progress.

Mon, 04/25/2011 - 19:02 | 1205650 tomster0126
tomster0126's picture

It definitely is in progress already...people are scared to spend, and literally don't have money to spend on anything.  we consume so goddamn much it's not even funny, all the hippies that told us to recycle in the 80s are crying now or rolling in their graves. 

 

www.forecastfortomorrow.com

Thu, 04/21/2011 - 21:09 | 1194901 Debtless
Debtless's picture

We'll be eating one another soon enough bitchez.

Thu, 04/21/2011 - 22:07 | 1195034 Long-John-Silver
Long-John-Silver's picture

Stay away from the brain and spinal cord or you'll get the shakes.

Thu, 04/21/2011 - 23:21 | 1195189 Andrew G
Andrew G's picture

Fortunately there's lots of vegetarians and vegans on this planet - I'll only eat them. Eating carnivores is not healthy.

Thu, 04/21/2011 - 21:09 | 1194904 slewie the pi-rat
slewie the pi-rat's picture

that's it.  he drowned.  he's gone.  fabulous!

Thu, 04/21/2011 - 21:13 | 1194905 Goldenballs
Goldenballs's picture

Sod this Austerity,time to go into the only growth industry left - Crime.

Thu, 04/21/2011 - 22:11 | 1195038 Long-John-Silver
Long-John-Silver's picture

If they catch you all they do is give you free health care, 3 meals a day, a bed, and conjugal visits.

Fri, 04/22/2011 - 00:14 | 1195273 Newsboy
Newsboy's picture

I think "getting conjugal visits" happens from the bigger, stronger prisoners, many of whom have AIDS. I don't think it is experienced as a good thing.

Thu, 04/21/2011 - 21:14 | 1194908 granolageek
granolageek's picture

Dude, you're way too rational for ZH. Around here we believe in infinite growth on a finite planet and that no one making more than 200% of the median income should pay any income taxes at all.

Fri, 04/22/2011 - 06:35 | 1195577 billwilson
billwilson's picture

Yup! It's "morning in America" again. Time to throw off all those artificial socialist limits imposed by governments. Consume, consume, consume, consume and just STFU about limits.

Pretty much sums up why we are screwed.

 

Thu, 04/21/2011 - 21:25 | 1194942 BORT
BORT's picture

We're fucked, Bitchez

Mon, 04/25/2011 - 19:03 | 1205655 tomster0126
tomster0126's picture

Yupp.  the infrastructure is collapsing from within, and there's no way around it.  We need to invest as much as we possibly can in wind and solar, now.

 

www.forecastfortomorrow.com

Thu, 04/21/2011 - 21:26 | 1194945 RockyRacoon
RockyRacoon's picture

Well, one does wonder about that "tax on the rich" thingy.  If lower taxes on the "small business" end of the spectrum is all that effective, let's just say it's ZERO.  That should do wonders for "growth" and we'll be out of this mess in no time.   The Bush tax cuts have proven this thesis... right?

(I've not been junked in a while and I'm feeling unloved...)

Thu, 04/21/2011 - 22:59 | 1195143 Hulk
Hulk's picture

junked you RR. Can you just feel the love now???

Thu, 04/21/2011 - 23:00 | 1195151 InconvenientCou...
InconvenientCounterParty's picture

I have an idea... Let's set up a system whereby the upper 1 % amass huge disproportionate wealth and then they will choose to do what's best for the rest of us because they are so smart and noble. We'll call it "tinkle down"

Please give it a chance though. It might take a few decades to really kick in.

Fri, 04/22/2011 - 08:11 | 1195494 Sudden Debt
Sudden Debt's picture

Anybody who has a job is deemed rich and will be taxed.

SHAME ON YOU FOR WORKING AND GETTING A SALARY IN RETURN!!

SHAME ON YOU, YOU CAPITALIST PIGS!!

 

 

 

 

Fri, 04/22/2011 - 09:55 | 1195838 New_Meat
New_Meat's picture

RR, Cal Coolidge handled something similar quite a bit better than Hoover, Rosie, 43, and O. - Ned

Fri, 04/22/2011 - 10:46 | 1196044 hardcleareye
hardcleareye's picture

RR you cute furry little varmint, this post is not up to your normal "posting standard", feeling unloved must be affecting your grammar and sentence structure (or maybe your just tired and need to get laid) <"good natured busting of chops">...... but your point is spot on. 

You got 8 junks, got a ways to go to beat Trav's 50 plus junks the other day, now that's a man (at least I think he's male) that's "loved".....

Sat, 04/23/2011 - 17:04 | 1199693 RockyRacoon
RockyRacoon's picture

I ain't go no posting standards, but you could be right about the burn-out.

Thu, 04/21/2011 - 21:31 | 1194953 honestann
honestann's picture

Yes, huge numbers of creative, inventive, productive people ARE "shrugging"... and not starting a business in the USSA.  Huge numbers, and I am one of them.

The appropriate size of government is ZERO, at least as people understand "government" today.  ZERO budget, ZERO services, ZERO actions.

If somebody wants to offer services that we can voluntarily decide to subscribe-to or not, then fine, they can call themself "government" if they want, as long as they understand that doesn't give "them DBA government" any more power than "others DBA government" (namely ZERO).

Wake up!  Stop supporting FICTIONs.  All organizations are FICTIONs.  FICTIONs.  FICTIONs.  Get that into your heads.  Why do you keep taking these FICTIONAL aka NON-EXISTENT ENTITIES as the most utterly central aspects of reality?  Get real.

Why should any of us support...

predators DBA government
   ... or ...
predators DBA central banks
   ... or ...
predators DBA large financial corporations
   ... or ...
predators DBA large corporations of any kind

?????????????

Answer: This must stop, and damn soon too.  Otherwise the predators-that-be and predator-class will take full advantage of technologies that did not exist before today and make this planet a permanent slave planet.

How much theft is ethical?  ZERO.

How much abuse is ethical?  ZERO.

How much enslavement is ethical?  ZERO.

Wake up.  Get real.  Advocate what is real, and ethical, even if you are one in a million... for now.

Thu, 04/21/2011 - 21:57 | 1195003 slewie the pi-rat
slewie the pi-rat's picture

we have great respect, here, for unethical abuse.

Fri, 04/22/2011 - 10:04 | 1195857 RockyRacoon
RockyRacoon's picture

So, Mr. Rat, what's your take on today's news that McCain is in Libya?  He says that the rebels are "his heroes".   Gag.   This means that we are IN the fight.  The 3rd front on the war on a strategy (terrorism) will soon be in full bloom.   (I kinda like the correlation between war and flowers -- reminds me of my youth in the 1960s.)   The entree into this thing was assured from the first round fired, but now it's clenched with Republican support.   This economic mess can be overshadowed with some newly trumped up froth of war.   What say ye, matey?

Mon, 04/25/2011 - 19:11 | 1205666 tomster0126
tomster0126's picture

Ethics?  I don't think that word is in Bernutty's vocab.  To beat em, you gotta join em. 

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 08:22 | 1195665 jplotinus
jplotinus's picture

I would 'unjunk' the post, all the while disagreeing with it. Here's why: We live in an era of 'empire' where the norms of civilization are largely dominated by 'the West' in general and 'the USA' in particular. This period of empire has been characterized by a heavy dependence upon the use of warring against hapless foes, but not against foes who are at or above a certain minimum level of military capability, with few exceptions. The bombing of Serbia might be at the outer limit of nations that are subject to arbitrary military attack by 'the West.' Iran appears to be just ahead of Serbia and, therefore, immune to attack.  Ditto North Korea.

Empires are often replaced by periods of lower levels of organization, as in the 'Dark Ages' that might not have been 'dark' by any measure other than the lack of empire. In dark age periods, it may well be that the level of warring is less destructive than it is in ages of empire.

The question is this: Does humanity advance more in periods of empire; or, does humanity advance more in 'dark ages'?

Fri, 04/22/2011 - 08:53 | 1195705 Zedge Hero
Zedge Hero's picture

Predators of Religion- Don't forget them sleazy bastards.

Thu, 04/21/2011 - 21:37 | 1194960 Misean
Misean's picture

Nice sermon, oh great priest of gaia.

Such a deep thinker. Any deeper and he be suffocating in his own horseshit. Or compost.

Fri, 04/22/2011 - 03:49 | 1195488 css1971
css1971's picture

And you claim to be Misean?

You must recognise the requirement for credit to grow exponentially to pay interest on the previous generation of debt. It's where the religion of growth comes from. The debtors need more money to pay the debts on their marginal enterprises. It's a subsidy of failure.

Replace the word "environment" in the article with "all the stuff around you". Is it infinite? No. Only the (fiat) money and debt are infinite.

 

Fri, 04/22/2011 - 05:50 | 1195545 Seer
Seer's picture

Another reality denier, someone else who doesn't understand something as SIMPLE as exponential functions!

css1971 is spot-on.  But you won't be responding because you're trolling here...

Thu, 04/21/2011 - 21:45 | 1194982 nodoctor
nodoctor's picture


Manifest destiny bitch.

Our dependence on foreign oil is one of the few coherent long term strategies that we have - buy everybody else's first.

Don't fret so much about the rest of it, though. Gaia will kill us off when Gaia is good and ready, and not a moment sooner. She has myriad ways. So does Helios. You're just scared the rapture will happen first and you won't get to experience that supreme schadenfreude of seeing starving first-worlders gnash their teeth and curse their sprawling ways.

Fri, 04/22/2011 - 06:15 | 1195561 Seer
Seer's picture

You're confusing WARNINGS with CHEERINGS.

Why is it that people think that those who forsee something are necessarily proponents?  Or is this just another (masked) denial mechanism?

Fri, 04/22/2011 - 07:22 | 1195600 Moe Howard
Moe Howard's picture

I agree with nodoctor. Don't pay attention to the noise; pay attention to the actions. Since at least 1972, the policy of TPTB has been to use as little of the United State's energy [oil, NG] resources as possible and buy the rest from everyone else. Nothing has been done to reduce consumption to any meaningful degree, in fact, they have been busy taking other power sources out of commission whenever they could, including hydro, wind farms run by the Tennessee Valley Authority since the 1930's, no new nukes, no new nuke tech put into production. TPTB seem to want to run everyone else out of oil and gas, while reducing alternatives within the US and setting up fake programs for alternative energy that never go anywhere.

That is the reality. They talk a different game, but those are the actions.  Actions speak louder than words.

Thu, 04/21/2011 - 21:52 | 1194993 topcallingtroll
topcallingtroll's picture

I agree the effects of progressive taxes on business formation and productivity are at the margin, but that might be a lot.

Unfortunately the loss of it is mostly of bastiat's unseen.

I am right at that margin of my work desire in a high demand industry. I could work extra hours and reduce waiting times for my widgets. Waiting sometimes results in harm in my industry. How much harm could be reduced if i were incented to produce more widgets?

The biggest drag on productivity that no one talks about is zero hedge which alone shaved a full percentage point from last quarter's productivity numbers.

Thu, 04/21/2011 - 22:10 | 1195036 bonddude
bonddude's picture

Milk spat on that one. Really fu#kin funny. Nice.

Fri, 04/22/2011 - 09:27 | 1195774 hardcleareye
hardcleareye's picture

TCT, you are NO troll......

I had to look up Bastiat, which led me to "The Candle Stick Makers Petition", oh what a good read....

http://bastiat.org/en/petition.html

I'm still laughing...

Thu, 04/21/2011 - 21:51 | 1194995 Seasmoke
Seasmoke's picture

flag as junk (101)

Thu, 04/21/2011 - 21:59 | 1195004 blunderdog
blunderdog's picture

This guy watches too much teevee and doesn't write well.

I think there's a good thought in that heap, but it could've been expressed in about two sentences.

Poor writing isn't a good substitute for poetry.

Thu, 04/21/2011 - 22:16 | 1195048 Calculated_Risk
Calculated_Risk's picture

'if we don't live within our means, we'll be forced to live below them!' Ron Paul

Fri, 04/22/2011 - 06:19 | 1195566 Seer
Seer's picture

And I reckon that most will interpret this to mean that govt is going to be doing the forcing, which is true in a sense, but the real "forcer" is Mother Nature.  We either choose how we're going to go forward, or Mother Nature will choose for us.  And we'll continue to blame some entity as we look away from the mirror...

Thu, 04/21/2011 - 22:23 | 1195060 gall batter
Fri, 04/22/2011 - 06:36 | 1195579 Seer
Seer's picture

Matt's always a fun read.  The first paragraph is fun name-calling, the rest is hypocrisy-shredding.

I don't know what's worse, folks like Ryan, or the folks who support him: I tend to get more worked up by the party hacks, as they're the ones who are blindly ignorant, and WANTING to be that way (like being lied to).

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