Putting America's Tax Hike In Perspective

Submitted by Tyler Durden on 01/01/2013 11:02 -0400

One of those occasions when one picture really does speak a thousands words.

Houston, we may have a spending problem.

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Putting It All Into Perspective

Tue, 01/01/2013 - 11:06 | 3111899 tsx500

FORWARD !!

Tue, 01/01/2013 - 11:20 | 3111931 GetZeeGold

Forward has just been changed to free fall.

Tue, 01/01/2013 - 11:27 | 3111943 Middle_Finger_Market

Free fall to free for all.

Tue, 01/01/2013 - 11:57 | 3112038 CH1

We're saved!!!

All hail our whorish overlords!!

Tue, 01/01/2013 - 12:39 | 3112157 knukles

Goodie.
Now we resume our regular programming.

^{_{(Congrats, Tyler. Linked from Drudge... gettin' mainstream recognition. Long way from shat upon by CNBS.... Happy New Year)}}

Tue, 01/01/2013 - 12:40 | 3112161 francis_sawyer

1 step FORWARD... 1000 steps back

Tue, 01/01/2013 - 13:00 | 3112210 negative rates

People willingly pay taxes, by their own accord, or out of stupidity.

Tue, 01/01/2013 - 13:03 | 3112215 jekyll island

Damn, gotta get me one of them central banks. Do you know how I can get an application?

Tue, 01/01/2013 - 13:13 | 3112237 economics9698

You have to be of sub human linage and a worshiper of sticks and twigs.

Tue, 01/01/2013 - 13:20 | 3112257 SafelyGraze

fify

http://oi45.tinypic.com/25tx0d5.jpg

_{budgets grow exponentially, so the data should always be displayed on a log scale to be meaningful}

Tue, 01/01/2013 - 14:32 | 3112409 Muppet Pimp

Look at what they have done since they killed JFK:

http://blog.heritage.org/wp-content/uploads/chart32.jpg

1 month after his death silver dropped from 90% to 40%, and five years later no more silver in coins.

These are not coincidences, we were infiltrated. The numbers speak for themselves.

The 'war on poverty' is code for implementing communism by getting everyone on the teat.

Can you hear me now?

Tue, 01/01/2013 - 15:29 | 3112546 Richard Chesler

Let us face Mecca five times a day and intone "In debt we trust".

Tue, 01/01/2013 - 16:22 | 3112690 economics9698

Substitute 33 Liberty Plaza for Mecca.

Tue, 01/01/2013 - 17:20 | 3112819 This just in

QUick! SOmeone find out what Justin Bieber thinks about all of this!

Tue, 01/01/2013 - 17:39 | 3112867 putaipan

to paraphrase the best post i saw left here last year- "it's almost like somone hatched this plan at a secrtet meeting on a secluded island somewhere"

Tue, 01/01/2013 - 19:49 | 3113161 Michaelwiseguy

As the world turns and the probability of ever paying back the national debt drops to zero, on a long enough timeline.

Tue, 01/01/2013 - 22:00 | 3113176 CPL

Once you hit 100% GDP, which everyone is now, that's the point of no return.

All that's happening now is people are taking bets when the train hits the mountain. Fast or slow, doesn't matter, the train is destroyed and nobody gets to ride anymore.

Tue, 01/01/2013 - 20:41 | 3113250 GOLDTRADERRR

No need to consult with Justin Bieber.

Honey Boo Boo is the 'go to' girl for economic advice.

http://goldtradercommentsaugust2010.blogspot.com/

Tue, 01/01/2013 - 13:14 | 3112241 Enslavethechild...

Cops need to arrest the real criminals and leave their victims alone. What we really need to do as a nation is place all the cops under citizens arrest, then remove the criminals from office.

Tue, 01/01/2013 - 20:41 | 3113254 GOLDTRADERRR

Who is this 'we' you speak of Kemo Sabe?

Who makes the first move?

And how many of you can 'we' count on to cover our backs

when the lead starts flying?

http://goldtradercommentsaugust2010.blogspot.com/

Tue, 01/01/2013 - 23:19 | 3113752 Ranger4564

I couldn't agree more. 1000000000+ to you.

Wed, 01/02/2013 - 01:48 | 3114133 caconhma

America, Charge!

We are fucking doomed.

Tue, 01/01/2013 - 14:09 | 3112359 Harbanger

It's best to just follow what the central banks are doing. Slowly accumulate real assets and become your own central bank.

Tue, 01/01/2013 - 20:04 | 3113200 brettd

And stay out of debt.

Tue, 01/01/2013 - 23:47 | 3113799 honestpolitician

OK...just askin...why stay out of debt....with interest rates on Refi at 2.75 on 15 yr fixed why not take out as much equity as possible from your house and reinvest elsewhere? I think these rates will climb before year end and numbers like these will not be seen again in my lifetime.

Tue, 01/01/2013 - 15:36 | 3112565 SilverDOG

jekyll island,

No application.

An ounce at a time.

"Keep stacking my friends"

Tue, 01/01/2013 - 13:04 | 3112219 Popo

The reality is inescapable: America will do nothing do slow down or change course. Stick a fork in America. She's done.

Tue, 01/01/2013 - 13:13 | 3112238 nmewn

Popo...we've told them so many times it's probably not worth telling the ignorant & blind assholes again, but for the one millionth time...it's a spending problem not a funding problem!

Tue, 01/01/2013 - 14:21 | 3112390 DoChenRollingBearing

+ 1 trillion. But, a trillion ain't what it used to be.

Tue, 01/01/2013 - 15:34 | 3112562 centerline

It's a math problem. Ponzi schemes eventually implode.

Tue, 01/01/2013 - 15:43 | 3112588 eatthebanksters

QE baby! What' a little inflation when the world is facing financial meltdown?

Tue, 01/01/2013 - 19:14 | 3113087 boogerbently

If inflation is all we need to worry about, buy EVERYTHING on credit.

Dollars (wages) will increase while debt will remain the same.

Tue, 01/01/2013 - 17:09 | 3112800 Radical Marijuana

It is a spending problem because the money spent gets made out of nothing as debts.

For those able to make money out of nothing, every possible excuse is a "good idea."

Wed, 01/02/2013 - 00:44 | 3113972 DaveyJones

I wish we were still in the present progressive

Tue, 01/01/2013 - 19:11 | 3113083 foofoojin

on the flip side, people do receive entitlements, by others accord, or out of others stupidity. by a gun to others head.

Tue, 01/01/2013 - 20:25 | 3113240 tenpanhandle

I willingly pay taxes to stay out of prison.

Tue, 01/01/2013 - 21:55 | 3113538 Captain Kink

And there you have it....there it is.

I hate myself for feeding the beast in this way.

But I have kids.......the fact is that I should refuse and suffer the consequences BECAUSE I have kids!

Tue, 01/01/2013 - 22:43 | 3113686 FeralSerf

They sound more like hostages than kids.

Wed, 01/02/2013 - 02:53 | 3114187 Liberty2012

You would be refusing the current payment system, not the taxes. It happened in the Depression. WSJ ran on article on it a few years back. There were various forms of money around the country. Most seemed to involve getting several signatures on a note/check before redeeming - apparently an attempt to reverse the ponzi - making sure value was actually occurring. Some were just additional currency - even "ten cent" sea shells in a town in California.

Wed, 01/02/2013 - 02:51 | 3114188 Liberty2012

Sorry - double post

Tue, 01/01/2013 - 12:42 | 3112170 boogerbently

Now we resume our regular programmed spending.

Tue, 01/01/2013 - 14:09 | 3112365 goldfish1

A link from drudge is a death knell. so sorry to have to look at zh as infiltrated and ultimately owned.

Tue, 01/01/2013 - 17:07 | 3112795 Lore

Agreed -- A link from Drudge is NOT a compliment

Tue, 01/01/2013 - 17:19 | 3112818 tickhound

We should welcome all willing Drudgies into de-tox.

Tue, 01/01/2013 - 17:49 | 3112891 Miffed Microbio...

Without Drudge I never would have found ZH. Okay, no not many will make the effort and figure it out but some may. Without ZH I can imagine where I would be now....a fatter sheep ready for the slaughter.

Miffed:-)

Tue, 01/01/2013 - 18:52 | 3113045 monkeyshine