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On Rick Santelli's "Meet The Press" Appearance, A $113 Trillion Future Rounding Error, And The Metamorphosis Of The American Dream To A Nightmare

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Sun, 02/20/2011 - 15:17 | 979823 buzzsaw99
buzzsaw99's picture

the msm, the ny, dc, and chicago elite will lead us out of bondage and into the promised land. LMAO!!

Sun, 02/20/2011 - 15:53 | 979902 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Silver lease and LBMA rates moving higher...time to rock and roll



Sun, 02/20/2011 - 19:29 | 980351 IQ 145
IQ 145's picture

 Multi-kilo lots of Silver bullion selling for over $32/oz. now in London; "The reason they call it the American Dream, is that you have to be asleep to believe it." George Carlin.

Mon, 02/21/2011 - 00:38 | 980771 dick cheneys ghost
dick cheneys ghost's picture

mega cities.........how will the world cope?




Sun, 02/20/2011 - 16:58 | 979980 Michael
Michael's picture

Wisconsin Governor Scott Walker is killing two birds with one stone.  He is doing defect reduction and removing power from public unions at the same time. The MSM is trying to make the legislation about one issue money, or the other issue removing collective bargaining rights. Both are necessary to fix the problem in the long run and I applaud the Governor for having the balls to stand up to the unions. We the taxpayers have had the public unions hands ringing our necks for too long, squeezing every drop of taxpayer money from us they could possibly get their grubby paws on. This is just the beginning of public union dominoes to fall and causing the democrat base to crumble. The end of the nanny state is near. Halleluyah!

Sun, 02/20/2011 - 17:29 | 980067 goldfish1
goldfish1's picture

That fascist fukk passes new entitlement programs for his cronies to the tune of $130 M and then wants to cut collective bargaining power to the people? He can go to hell along with Kasich in Ohio.

Sun, 02/20/2011 - 22:07 | 980613 Michael
Michael's picture

If you are actually one of the few the public school system taught to read, it's really quite simple spelled out in plain English.

Plunder: How Public Employee Unions are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation


Sun, 02/20/2011 - 17:52 | 980116 Lord Koos
Lord Koos's picture

So now you're pro-government and anti-worker.  Do you really think that screwing a bunch of teachers over is going to fix the budget in that state?  You think the tax breaks the governor gave are going to create jobs?  

Sun, 02/20/2011 - 17:54 | 980128 Backspin
Backspin's picture

The teachers aren't getting screwed.  They are simply being given terms more similar to workers in the private sector.  The deal that they have had up until now is one that involve the taxpayer getting screwed for their benefit.  And yes, tax breaks will create jobs.  The private sector will always deploy capital more efficiently that the public sector.  Always.  The difference is that the jobs produces will actually result in goods and services that are more in demand.


Sun, 02/20/2011 - 18:08 | 980165 unununium
unununium's picture

Always?  The private sector has deployed your capital to Jamie Dimon.  Are you just peachy with that?

Sun, 02/20/2011 - 20:08 | 980418 DonnieD
DonnieD's picture

Actually, the public sector deploys capital to Jamie Dimon. What world do you live in?

Mon, 02/21/2011 - 10:16 | 981390 unununium
unununium's picture

How wretched and sad to see teacher pay, of all things, blamed for even the slightest part of these problems.

Mon, 02/21/2011 - 00:31 | 980766 Popo
Popo's picture

The private sector??? It was the Public sector that deployed capital to C. A true private sector enterprise would be bankrupt already, and Dimon would be the laughing stock of the financial world. It was only through the public sector that he survived and prospered.

Sun, 02/20/2011 - 18:09 | 980168 Lord Koos
Lord Koos's picture

Terms similar to the private sector???  Teachers in the private sector make more money than public school teachers.  Teachers in the private sector are also free to negotiate with the boss.

Perhaps you can explain to us all how the Bush tax cuts created so many jobs.

The private sector, unregulated, will deploy their capital to Switzerland and the Caymans, after first deploying it to China, India and Thailand.  I don't see how this country could bend over any further to satisfy big business.

Sun, 02/20/2011 - 20:13 | 980426 DonnieD
DonnieD's picture

You've almost got it figured out. Just one more step until you reach the conclusion that both the public sector and big business are screwing over everyone else not lucky enough to have their political connections.

Mon, 02/21/2011 - 09:09 | 981235 amsterdamzero
amsterdamzero's picture

+12.5% contribution to your own health coverage.

Sun, 02/20/2011 - 21:12 | 980523 Ham Wallet
Ham Wallet's picture

Feel free to look up the avg. Private teacher salary v. Public teacher salary in Wisconsin, dopey.

Sun, 02/20/2011 - 22:24 | 980644 Michael
Michael's picture

Actually, this move by the Governor and legislature may count as killing four birds with one stone.


Mon, 02/21/2011 - 00:36 | 980769 Popo
Popo's picture

Wow, you're confused. Private school teachers make significantly LESS than public school teachers.

The rest of your argument falls apart after that one enormous misconception.

And actually, the tax cuts did create jobs....


Sun, 02/20/2011 - 19:36 | 980366 IQ 145
IQ 145's picture

 This is exactly correct; it's frightening to realize that the morons who junked you probably vote; It's amazing that people can't understand something this simple.

Mon, 02/21/2011 - 00:40 | 980775 Popo
Popo's picture

The "morons" here responded with factual corrections. So mr. iQ 145: what are the comparative average private vs. public teacher salaries?

Mon, 02/21/2011 - 12:57 | 981861 Matt
Matt's picture

http://www.wpri.org/WIInterest/Vol11No3/Niederjohn11.3.pdf shows the wage gap between public teachers being $8-$9K higher than private school teachers. It covers the health insurance benefits of the public sector teachers, and pay of unionized teachers vs non-union, but does not cover total benefits of the unionized public teachers compared to non-union private school teachers.

From that article, the conclusion is the only public teachers that are underpaid are the ones who are really good at their job, as the pay spread from highest to lowest performing is quite small.

unfortunately, it does not cover total compensation for public and private employees. the numbers do not at all match the numbers at http://www.econbrowser.com/archives/2011/02/analogy_watch_c.html which are from the BLS.

Which brings up the whole problem that if no one knows or can agree on the numbers, how can anything be resolved? is the Wisconsin State deficit $137 million or $4 billion? That is a huge disparity.

Sun, 02/20/2011 - 18:00 | 980141 MachoMan
MachoMan's picture

This is the inevitable conclusion to our expansionary policies...  our ability to collectively bargain is going to be cast aside...  the size and scope of our government dramatically reduced...  and the victors of the wealth gap emerge with even more power...

eventually, we get up the nerve to begin collective bargaining again and the cycle beings anew...

I think the way to look at the WI issue is not "screwing over a bunch of teachers", but rather "not stealing from the general populace"...  You're talking about a zero sum game bud...  it's us or them...  better to be them.  [not that it hasn't already been us for the last 3+ years].

I'll leave you with a closing thought as to the success of failing to throw dead weight overboard...  General Motors. 

Sun, 02/20/2011 - 18:11 | 980170 Lord Koos
Lord Koos's picture

General Motors was a drop in the bucket compared to the banks.

Sun, 02/20/2011 - 21:35 | 980557 MachoMan
MachoMan's picture

I agree...  so what?

Mon, 02/21/2011 - 00:43 | 980777 Popo
Popo's picture

And Darfur pales before Stalin's purges. Your point?

Sun, 02/20/2011 - 18:28 | 980209 Freddie
Freddie's picture

Teachers are govt stupid.

Sun, 02/20/2011 - 21:35 | 980553 mtomato2
mtomato2's picture

Don't be a dick, L.K..  Supporting one politician isn't anywhere NEAR being pro-government.  Take your straw man to hell with you.

Sun, 02/20/2011 - 17:51 | 980117 Backspin
Backspin's picture

Amen, bro.

Sun, 02/20/2011 - 18:19 | 980185 Sean7k
Sean7k's picture

I would feel better if he was standing up to the police, fire and hwy patrol unions, but he is not. This is a violation of equal treatment under the law. He is creating a special class- which makes him just another asshole.

Sun, 02/20/2011 - 20:57 | 980498 Bastiat
Bastiat's picture

Exactly the shit Whitman tried to pull in CA -- making a deal with police and fire. 

Mon, 02/21/2011 - 00:54 | 980787 StychoKiller
StychoKiller's picture

Well, the police do carry firearms -- we can't have them going "postal", now can we?  Guess the firemen also need motivation to actually do their job(s) too.  Bottom line:  Neither of these professions should be supplied by the govt. at any level.

Sun, 02/20/2011 - 23:39 | 980712 hayleecomet
hayleecomet's picture

Unions are no friend of mine and I think they are as corrupt as our government.  In this case, Walker has exempted the police,firefighters and state troopers because those three unions supported him.  This is all about politics and taking away the unions that support the dems.  Wisconsin was in a good financial position until his tax cuts to large corporations.  He is just another fuck, like the rest of them.

Sun, 02/20/2011 - 19:25 | 980340 LawsofPhysics
LawsofPhysics's picture

I presume that you want to end ALL unions, not just public.  I mean, after all we have been BAILING THEM OUT and will no see any return of that taxpayer money.  If you don't, then you are just another fucking hypocrite. I agree end ALL unions and ALL bailouts, when a company goes down, fuck em.  Everyone for themselves, I will do fine in a third world economy.  Everyone wants great public services, but does not want to pay for them, fine with me, I can hire and feed my own police force.  I am sure none of you mind ME being the law for a while.  I like where this is going.

Sun, 02/20/2011 - 21:12 | 980522 Terminus C
Terminus C's picture

You'd better find yourself a patron lord before you think of becoming the "law".  You may have some money and might be the local big swinging dick for a time, but you'll get squashed by the bigger swinging dick if you don't bow down and give it a sweet little suck.

Feudalism bitchez.

Sun, 02/20/2011 - 20:22 | 980439 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The word union is described as a special interest; a group with commonalities.  So to think that there is something wrong with people sharing their ideas concerning their rights is moronic.  Everyone will always form special interest groups.

Now if you have a problem with the way a particular union runs their operation, I understand.  Unions can be very shady.  But hold content for the people involved, not the concept of the union itself.

Sun, 02/20/2011 - 22:15 | 980628 lawrence1
lawrence1's picture

You are so ignorant and misinformed that you are hopeless.
This govenor is another corporate whore doing their bidding in the guise of reducing the deficit. Name one republican who goes after the banks or military spending, and name one who supports the common man. Corporate cocksuckers all.

Sun, 02/20/2011 - 23:04 | 980686 Attitude_Check
Attitude_Check's picture

Who do you think makes money when the State issues bonds? The Banks


Who gets the future tax benefits of the interest being paid on those bonds?  The Bond holders which tend to the the wealthy (think PIMCO)


Now tell me how it is in the benefit of the Wisconsin taxpayer to increase the State debt?  WHO ACTUALLY IS THE BENEFICIARY?  When you answer that, you know where to point your anger.

Mon, 02/21/2011 - 01:17 | 980838 sun tzu
sun tzu's picture

Ron Paul and Rand Paul. Now name one banker cocksucking Democrat who has gone after the bankers. Cocksuckers Obama  & Holder just decided that Angelo Mozilo did not commit any crimes. No criminal charges will be filed against him or any other bankers. LOL

Mon, 02/21/2011 - 11:23 | 981577 Commander Cody
Commander Cody's picture

I wonder if Walker will attack the cops' unions next.  I wonder what they'll do if so.

Sun, 02/20/2011 - 17:41 | 980095 Pegasus Muse
Pegasus Muse's picture
I cut this from a rather lengthy article that touches on a lot of problems the country has so far just glossed over or avoided entirely.


Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion – We Are Egypt [Revolution Roundup #3]

IX :: The Battle in Madison: A Sign of Things to Come

While bloated federal and state spending has grown to staggering levels of debt, and demands immediate attention, any cut in spending or attempts to reduce the deficit must first come at the expense of the organized criminal class that has looted the national economy. Any cuts that happen before that need to be understood as an escalation and extension of the attacks on the American people.

While continuing their attacks on American small businesses and private-sector workers, the global financial elite are now stepping up their attacks on public workers. In this context, the Wisconsin state government attacks against the state teachers’ union doesn’t have anything to do with the old Democrat Vs. Republican divide and conquer debates of the past. This is about people fighting back against their economic oppressors. In Egypt, Mubarak was the Neo-Liberal Aristocracy’s local enforcer. In Wisconsin, Scott Walker is the Neo-Liberal Aristocracy’s local enforcer.

This battle in Madison, Wisconsin, between the American people and the global financial elite, represents the opening salvo, the awakening of an American resistance movement and a sign of what’s to come.




Sun, 02/20/2011 - 17:51 | 980114 Waterfallsparkles
Waterfallsparkles's picture

I think a lot of it has to do with the States and Counties getting huge amounts of revenues from Property Taxes as Real Estate Prices rose.  Now with Real Estate prices tanking the revenues are hugely reduced.  State and County Governments became to rely on those taxes and now they are gone.

Another boom bust cycle from our Fed affecting our daily lives.

Sun, 02/20/2011 - 18:52 | 980254 gs_runsthiscountry
gs_runsthiscountry's picture



And, as federal cuts have steadily increased, the education costs have steadily been transferred to the property tax rolls.

The lowest common denominator....loss of property tax base. That extend and pretend by banks of all size is coming home to roost in 2011-2012. As the foreclosures have started to hit the last 90 days it has been eye opening. I personally watched the bottom drop out of values in my area. I can now throw stones from my home, to homes that have fallen in value 75%+ from the peek. And, you can not collect property tax revenue on a foreclosed home when no one is buying it.

We now read Banks are walking away in some regions of the country from foreclosed homes. Chris Whalen has outlined this many of times in his writings and speeches, and he is dead on.

I would love to be a fly on the wall at our local assessors office for the conversations going on now. Assessments to be released  2-1/2 months....tick tick tick. I have already talked to local officials, as have neighbors, after my prodding. We are already ready to challenge the assessments, as last years was not even close. Also, knowing full well it will be made up via increase in Mil rates.

So, the property owners get screwed again, as banks maybe walking away from property taxes, only to be made up by those who are maintaining their property. How many property owners in 2011 will be faced with the dilemma of falling into the red or even deeper. At what point does this not inspire more jingle mail, even from those who have a strong moral compass. How many will just throw in the towel?

Sun, 02/20/2011 - 19:05 | 980291 Waterfallsparkles
Waterfallsparkles's picture

In my state you can request an assessment hearing every year.  You have to check the City or County website.

I got stuck for 3 years on a few propertys.  One they raised the property taxes from $3,000. to $7,100. in three years.  Now I got it back to $4,200.  Not a victory but a help.  Yet for 3 years I paid into the coffers a lot of money. 

The biggest problem the City faced was that by raising Property Taxes so high it in effect lowered Property values by the same amout as the taxes.  So, as property taxes went thru the roof the property values went down to compensate for the taxes.  As the Taxes are calculated in Buyers monthlly payment as to what they can afford.  So, fewer Buyers, lower prices.

Sun, 02/20/2011 - 19:29 | 980347 LawsofPhysics
LawsofPhysics's picture

Wait until the muni market caves.  You will be taxed, but in a different way.

Mon, 02/21/2011 - 01:18 | 980841 sun tzu
sun tzu's picture

Federal cuts have steadily increased? In which universe?

Mon, 02/21/2011 - 03:39 | 981016 gs_runsthiscountry
gs_runsthiscountry's picture

You are correct - should have read "state."

It was the state aid I was referring to. K-12 and local college now make up 43% of our local property taxes, w/ the college levy increasing 31% in the past 6 years.

Sun, 02/20/2011 - 22:12 | 980619 lincolnsteffens
lincolnsteffens's picture

Whose real estate taxes have been reduced?? Not mine. In fact mine went up 8%, my health care went up 12%, and sales tax last year went from 5% to 6.25%. Now there is talk about  a Federal value added tax. Fuck that. Sorry but bloated Govt. and excessive regulations have to get cut big time before I'll support any added taxes. I've been responsible, finished my last debt payment. I could have applied for unemployment but so far have not. Instead I'm working full time for paid health insurance and a few other small perks. Do I deserve to be forced to bail out the criminal or foolish? I don't think so!!!!

Mon, 02/21/2011 - 09:43 | 981317 Absinthe Minded
Absinthe Minded's picture

Yeah, but the people in Egypt are protesting so they can afford to eat and feed their children. The fucksters in Wisconsin are protesting so they can buy another flatscreen and keep up with the Joneses. Face it we are fucked. No politician has the balls to get up there and say,"This is it, we need to cut 20% of all budgets across the board." That's what we need to do. Even the 5% national sales tax would be fine with me, if it were in conjunction with the government cuts. Everybody needs to take a hit. We've lived high off the hog for too long. Junk away but you all know it's true. And I'm not referring to everyone, I know there are people that are hurting, but their not part of the unions in Wisconsin.

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