Putting America's Tax Hike In Perspective

Tyler Durden's picture




 

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

Houston, we may have a spending problem.

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Tue, 01/01/2013 - 21:44 | 3113508 Campagnolo
Campagnolo's picture

free fall or escape velocity?

Wed, 01/02/2013 - 01:08 | 3114043 FreedomGuy
FreedomGuy's picture

No, FREE STUFF for all.

The deficit is the difference between what we want and what we are actually willing and able to pay for. Since, 1969 we have wanted more stuff than what we were willing to pay for. We balanced the budgets only by complete accident during the tech bubble burst of wealth and tax revenues. It did not outstip the ability and willingness to spend.

Tue, 01/01/2013 - 12:18 | 3112094 vast-dom
vast-dom's picture

it will in all actuality be a lot less than the above $62B when it is loopholed, written off and offshored. happy new year.

Tue, 01/01/2013 - 14:23 | 3112393 TheSilverJournal
TheSilverJournal's picture

Yes, it could even result in less money brought in through tax revenue. But hey, appearances are all that matter at this point...anything to create doubt that the world economy is one giant debt ponzi.

Wed, 01/02/2013 - 00:43 | 3113965 mt paul
mt paul's picture

and the checks for free....

Tue, 01/01/2013 - 16:15 | 3112669 venturen
venturen's picture

DOWNWARD!?!

Tue, 01/01/2013 - 19:55 | 3113173 ball-and-chain
ball-and-chain's picture

I have no sympathy for the rich.

Take all their money.

Perhaps I'm a filthy communist.

I just can't help myself.

http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-made-beef-and-egg.html

Tue, 01/01/2013 - 11:07 | 3111901 Boilermaker
Boilermaker's picture

It's not a problem if you are a recipient of the spending...

Perspective, man...perspective.

Tue, 01/01/2013 - 17:12 | 3112808 Radical Marijuana
Radical Marijuana's picture

It is especially not a problem if you are the one able to make the money out of nothing to spend, as long as you can continue to force everyone else to go along with that fraud.

Tue, 01/01/2013 - 19:08 | 3113076 auric1234
auric1234's picture

It's not money. As soon as people realize it's just worthless paper, the emperor will appear naked.

 

Tue, 01/01/2013 - 19:50 | 3113158 Radical Marijuana
Radical Marijuana's picture

Yes, auric1234, you are correct, "It's not money." Gradually the meaning of the word "money" became inverted and perverted.  The word "money" originally referred to metal coins. In particular, the dollar, as money, MEANT an amout of minted silver.

Gradually, the international banksters bribed American politicians to change the meaning of the word "money," to become the opposite of what it used to mean. In 1874, a legislative trick demonetized silver, and thus, the destruction of the meaning of the word "money" began, which then picked up speed, as "money" became credits, or money-as-debt, rather than "money" with intrinsic value, backed by silver and gold. It is astonishing to recognize that, under the current system, if there was NO debt, then there would be NO money! That is how out of control insane the American system has become, whereby the very meaning of words was reversed!

But nevertheless, there IS something more than worthless paper. There is the full force of the American police and armed forced, to back up the legalized fraud that we now call the "money" system. The Emperor may be naked, but nevertheless, is very well armed with weapons of mass destruction!

Tue, 01/01/2013 - 22:07 | 3113569 Captain Kink
Captain Kink's picture

Fuck the recipients.  

Fucking rapists. At gunpoint, no less.

Some say meat is murder.  Progressive taxation is torture, and an insult to the recipients. Fucking losers. Think they're "Winning".

Tue, 01/01/2013 - 22:51 | 3113699 pods
pods's picture

Income tax is slavery.

Shit, I could make the argument that fiat currency is slavery.

pods

Tue, 01/01/2013 - 11:07 | 3111902 BattlegroundEur...
BattlegroundEurope2011's picture

How dumb are the American ppl?

Tue, 01/01/2013 - 11:10 | 3111907 Boilermaker
Boilermaker's picture

Look in the mirror, Europe.  You'll get your answer.

Tue, 01/01/2013 - 11:13 | 3111916 john39
john39's picture

why stop at Europe... the debt bomb is a global issue (by design)....  and countries that won't go for debt master's fiat hell, get the real bombs.

Tue, 01/01/2013 - 11:16 | 3111922 Boilermaker
Boilermaker's picture

Yea, but it's always great to see a self-absorbed European believe it's an 'Amerikkkan' issue.

Tue, 01/01/2013 - 11:58 | 3112039 Spastica Rex
Spastica Rex's picture

Self-absorbed?

Glass houses, dude.

Tue, 01/01/2013 - 12:25 | 3112117 Boilermaker
Boilermaker's picture


Insolence!!!

Tue, 01/01/2013 - 12:48 | 3112181 knukles
knukles's picture

Off to the Never Ending Summer Reeducation Camp for him.

Tue, 01/01/2013 - 14:24 | 3112396 wee-weed up
wee-weed up's picture

We'll be coming up to the 5th Summer of Recovery in a few months!

Tue, 01/01/2013 - 11:18 | 3111910 Pool Shark
Pool Shark's picture

 

 

It's not that they're dumb; just blind and greedy.

It is difficult to get a man to see something when his paycheck is dependent on him not seeing it.

Even most alcoholics know they have a drinking problem; but they still can't stop drinking...

 

 

Tue, 01/01/2013 - 12:11 | 3112080 Harlequin001
Harlequin001's picture

yeah, cheers...

Tue, 01/01/2013 - 13:38 | 3112299 Nothing To See Here
Nothing To See Here's picture

I would not even say they're blind and greedy. I would rather suggest that they have been matrixed.

Tue, 01/01/2013 - 11:15 | 3111915 Landotfree
Landotfree's picture

"How dumb are the American ppl?"

fixed for you

How dumb are humans on this floating rock?

They can eliminate the whole budget deficit and all of government, and the financial system will still collapse, matter of fact I would expect it to collape overnight.

 

 

The Architect - The matrix is older than you know. I prefer counting from the emergence of one integral anomaly to the emergence of the next, in which case this is the sixth version. 

*Again, the responses of the other Ones appear on the monitors: "Five versions? Three? I've been lied too. This is bull****."* 

Neo: There are only two possible explanations: either no one told me, or no one knows. 

The Architect - Precisely. As you are undoubtedly gathering, the anomaly's systemic, creating fluctuations in even the most simplistic equations. 

Tue, 01/01/2013 - 11:21 | 3111933 Cursive
Cursive's picture

@BattlegroundEurope2011

Whoever coined the term "sheeple" long ago was onto something.

Tue, 01/01/2013 - 11:33 | 3111969 Joe A
Joe A's picture

Just as dumb as us Europeans. We believe the crisis in the Eurozone is over because Oli Rehn says so.

Tue, 01/01/2013 - 11:48 | 3112008 CPL
CPL's picture

 

How dumb are ppl?

fix't

 

Very.

Tue, 01/01/2013 - 14:13 | 3112370 goldfish1
goldfish1's picture

THIS DUMB

http://www.guardian.co.uk/environment/2013/jan/01/oil-ship-runs-aground-...

"Shell and its contractors are no match for Alaska's weather and sea conditions either during drilling operations or during transit."

The grounding of the Kulluk, a conical, Arctic-class drill ship weighing nearly 28,000 gross tonnes, is a blow to Shell's $4.5bn (£2.8bn) offshore programme in Alaska. Its plan to convert the area into a major new oil frontier has alarmed environmentalists and many Alaska Natives, but excited industry supporters.

Tue, 01/01/2013 - 12:33 | 3112143 toomanyfakecons...
toomanyfakeconservatives's picture

I don't care much, as long as they always represent the largest army on earth and have an overwhelming edge in firepower, such that in the end, they will always be in charge. 

Tue, 01/01/2013 - 14:20 | 3112386 rwe2late
rwe2late's picture

 There is truth in your statement.

The Empire is subsidized by the rest of the world.

by such methods as:

1) exchange of goods for fiat "Confederate" IOUs.

2) petrodollar financial extortion racket

3) investments in bankster (Goldman Sachs et al) "securities"

4) resource plunder by corruption (IMF and dependent despots) and outright theft (Libyan oil and gold).

Wed, 01/02/2013 - 00:52 | 3113984 DaveyJones
DaveyJones's picture

and just as true is that this MO becomes an empire's own undoing as it must feed more and more resource into a less and less effective military as the rest of the world starts to get a clue and resist. Then, the empire starts to run out of resources at an exponential rate. It then turns on its own citizens. We're somewhere near the last chapter.

Tue, 01/01/2013 - 16:36 | 3112736 imbrbing
imbrbing's picture

Coming to a neighborhood near you

Tue, 01/01/2013 - 17:19 | 3112816 Radical Marijuana
Radical Marijuana's picture

The largest army on Earth is able to OVER-kill everybody thousands of times, instead of only hundreds, or dozens of times, like the lesser armies could. The largest pyramid scheme is backed up by the firepower threat to commit global suicide as the "alternative." WE WILL NOT CARE, UNTIL WE CAN NOT CARE, AND SO, THERE IS NO NEED TO WORRY.

Tue, 01/01/2013 - 20:36 | 3113258 tenpanhandle
tenpanhandle's picture

the largest army on earth is the armed populous of these several states.

Tue, 01/01/2013 - 13:29 | 3112277 yogibear
yogibear's picture

"How dumb are the American ppl"

Extremely, look who the sheeple elected.

 

 


Tue, 01/01/2013 - 14:00 | 3112347 Flakmeister
Flakmeister's picture

Referring to the Tea Pary creationist fools no doubt....

Tue, 01/01/2013 - 14:43 | 3112441 Harbanger
Harbanger's picture

No, I believe he's referring to the maggots who re-elected him.

Tue, 01/01/2013 - 21:17 | 3113272 tenpanhandle
tenpanhandle's picture

You tool.  Not all Tea Party members are creationists.  On the contrary, they believe in real science including Darwin's laws.  Its the so called progressives who are the true creationists with there selfserving created scientific outcomes and their money created out of thin air.  Additionally, you have created a giant headache for me.  Fuck off. 

Tue, 01/01/2013 - 22:13 | 3113602 jomama
jomama's picture

considering Darwin's theory has yet to be proven, and now in the present with the lack of evidence for anything even remotely resembling the 'missing link',  i'd say belief in this 'real science' is somewhat unfounded. 

Wed, 01/02/2013 - 01:21 | 3114077 FreedomGuy
FreedomGuy's picture

As opposed to atheists who might believe in central planning and collectivism?

Tue, 01/01/2013 - 19:35 | 3113138 GMadScientist
GMadScientist's picture

"How dumb are the American ppl?"

Well, let's see...they use 25% of the oil each year while being broke as Greece, have more weapons than all other countries combined, have countries around the world suckered into holding their bonds, and all while maintaining a massive trade deficit for decades.

Who's dumb again?

Tue, 01/01/2013 - 11:10 | 3111908 Jack of All Trades
Jack of All Trades's picture

Senate clearly saying "Get back to work Bernank!"

Tue, 01/01/2013 - 11:48 | 3112010 CPL
CPL's picture

PRNT MOAR MUNY!!!

Tue, 01/01/2013 - 14:14 | 3112376 zelator
zelator's picture

Foarward!

Tue, 01/01/2013 - 11:11 | 3111909 dogfish
dogfish's picture

They reelected Obozo.

Tue, 01/01/2013 - 11:19 | 3111929 Everybodys All ...
Everybodys All American's picture

We are witnessing the end of a once great country. Where are the patriots? Who will stop this madness?

Tue, 01/01/2013 - 11:22 | 3111935 Water Is Wet
Water Is Wet's picture

Endtimes revelation #983753995303535321 on Zerohedge this year.

Tue, 01/01/2013 - 14:26 | 3112400 HurricaneSeason
HurricaneSeason's picture

And that chart is totally taken out of context. $62 billion this year, $62 billion next year and pretty soon you're talking about a lot of money.

Tue, 01/01/2013 - 15:33 | 3112558 TradingChief
TradingChief's picture

Interest rates move up 1% and you pay another $160,000,000,000 in interest per year, pretty soon you are talking real money lol

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