• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Scariest Charts From Paul Ryan's Proposed Budget

Tyler Durden's picture




 

A little while ago, Paul Ryan revealed his proposal for a US budget titled "The Path to Prosperity" which is a 91-page waste of time, because if America nearly fired more people than were employed as a result of an $85 billion reduction to the increasing US rate of spending, at least according to math and logic-challenged Maxine Waters, Ryan's suggestion to really gut spending by cutting $4.6 trillion from the deficit over the next decade would be Armageddon incarnate as interpreted by the Obama administration. Which, no matter what one thinks of Ryan's political views, is unfortunate as the fundamental ideas contained in the budget are spot on: America has an unsustainable spending problem which, however, simply can not be resolved, period. After all - why bother: Bernanke will fund US deficit spending until the very end.

So while we present the budget in its entirety for those who need a handy paperback to print out, below we have cropped the key, read scariest charts, from Ryan's budget. They are self-explanatory.

Full budget:

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Tue, 03/12/2013 - 11:35 | 3322520 Super Marco
Super Marco's picture

Ben Bernanke doesn't have $85B to give... oh wait.

Tue, 03/12/2013 - 11:37 | 3322531 Richard Chesler
Richard Chesler's picture

Interest to banksters bitchez!

 

Tue, 03/12/2013 - 11:41 | 3322549 Ruffcut
Ruffcut's picture

The fed, biggie ass bank, is buying the government to control it and charging us interest and then printing to buy all the stock s to own everything else.

They will print to own until they have it all and you bitchezz have nothing but a drone chasing you with a rocket with your name on it.

 

Tue, 03/12/2013 - 11:52 | 3322602 camaro68ss
camaro68ss's picture

Its all transitory, until collapse.

Tue, 03/12/2013 - 13:55 | 3323055 SamAdams
SamAdams's picture

How to defeat the mind of the Bolshevists?  All power is derived from monopoly of money creation.  This allows them to buy the service of the defunct GoyMason.  They have not come to power through legal means, regardless of what they say.  The courts are in their hands, politics are controlled media.  The only recourse is force.  The power to coin money must forcefully be taken back by the American people.  That is the only solution.

On the flip side, that is what they want.  Divide and conquer, order from chaos, DHS_1.5B_TSA_UN.  Better wake up as many strong, intelligent people as possible.  The only recourse is force.  They will never concede their power peacefully (Iceland is not the war resource).

Tue, 03/12/2013 - 16:22 | 3323688 RockyRacoon
RockyRacoon's picture

Better wake up as many strong, intelligent people as possible.

That would be, ahhh, ohhh, about 3 in my world.  How 'bout you?

Tue, 03/12/2013 - 11:52 | 3322599 Banksters
Banksters's picture

There will never be an equation under our current system that accurately shows what level of growth will lead to prosperity.   That is because it can't exist.   Monetary policy is really designed to take the land, labor, resources and liberties of the vast majority of people.  It is a scam, a lie, a ponzi.  It will fail.

Tue, 03/12/2013 - 12:29 | 3322751 orez65
orez65's picture

Try to explain that to a Liberal aka the "walking dead"

Tue, 03/12/2013 - 12:35 | 3322773 Banksters
Banksters's picture

I try, but they can't fathom the idea that individual rights are to be cherished.

Tue, 03/12/2013 - 13:23 | 3322954 MachoMan
MachoMan's picture

Despite themselves actually believing in their own individual rights and, thereby, being conservatives in substance...

Tue, 03/12/2013 - 13:36 | 3322993 SeattleBruce
SeattleBruce's picture

Right - so basically, they enjoy beating their heads against a wall...

Tue, 03/12/2013 - 14:16 | 3323142 akak
akak's picture

Yes.  And no.

WTF is a "liberal?!"

WTF is a "conservative?"

If "WTF" = A, and "WTF" = B, then by the commutative principle of political doublespeak, a "liberal" is identical to a "conservative".

QED

Tue, 03/12/2013 - 15:52 | 3323590 SimplePrinciple
SimplePrinciple's picture

That explains how John McCain, Lindsey Graham, and Barack Obama have dinner parties together, after which they can all bad-mouth Rand Paul.

Wed, 03/13/2013 - 09:59 | 3325669 MachoMan
MachoMan's picture

The wikipedia entries should be a good explanation for everyone as to how virtually everyone gets the terminology wrong (they're literally all over the place)...  the simple fact is that of our representatives, only a handful expressly hold themselves out as conservatives.  What commonly occurs is that liberal is used interchangeably with democrat and conservative with republican...  However, this has NOTHING to do with liberalism and conservativism.  The reason why McCain, Graham, and Obama can go to dinner parties together and get chummy, is because their political ideals are the same (liberals)...  their political party affiliation is irrelevant.

The only reason why these things are confusing is because the terminology is purposefully misused and corrupted.  Do you want more government?  If so, you're a liberal.  If you want less government, then you're a conservative.  Simple as that.

Tue, 03/12/2013 - 11:55 | 3322616 Clayton Bigsby
Clayton Bigsby's picture

The US will soon officially be "Barter-town" - Mooch is Auntie Entity and the Bernank is MasterBlaster - obama, he's one of the pigs in the basement.

Tue, 03/12/2013 - 11:57 | 3322622 Sudden Debt
Sudden Debt's picture

whatever... you'll be paying it back anyway... and your kids... their kids.. and their kids untill they jump the fence and try to make a run into Mexcico to get a real job by than.

Tue, 03/12/2013 - 12:05 | 3322656 StarTedStackin'
StarTedStackin''s picture

How much have YOU had to pay back?

Tue, 03/12/2013 - 12:17 | 3322715 toady
toady's picture

30 to 40k a year used to go to the taxman before I jumped off the merry-go-round. They still get me for 4 to 5k a year.

Tue, 03/12/2013 - 12:27 | 3322743 Kayman
Kayman's picture

You are not alone. I have been winding down for the last 4 years.  It is pointless to run a business and create private sector jobs.

Tue, 03/12/2013 - 12:33 | 3322764 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Alas, very true.

Tue, 03/12/2013 - 12:53 | 3322848 Manthong
Manthong's picture

The central planning idiots think everybody, including business owners have a government worker salary oriented mindset.

Boy, are they in for a surprise.

Tue, 03/12/2013 - 13:25 | 3322961 MachoMan
MachoMan's picture

That depends on the will and perseverance of the people...  they'll only be surprised when the whip and gun cannot get the mules to pull the cart any longer...  we're still in the "carrot on a stick" stage of the game.

Tue, 03/12/2013 - 14:12 | 3323132 Dieselclam
Dieselclam's picture

It's a lot less traumatic to be a burden who pays nothing than to be the 80hr/week slave who was handing JUST the IRS $70,000/yr a few years ago.

Tue, 03/12/2013 - 13:41 | 3323013 SeattleBruce
SeattleBruce's picture

"It is pointless to run a business and create private sector jobs."

Come on Kayman - you're not being a team player!  Don't you know there are poor bankrupt bankers to be fed, not to mention funding pay raises for the TOTUS (not to mention greens fees and junkets for his family and entourage) and CONgress?  Oh, did I fail to mention all the moochers...come on man, get up and give me 20 more (years)!

Where's your sense of civic duty?!  /massive sarc, in case anyone could not detect.

Tue, 03/12/2013 - 12:50 | 3322832 TBT or not TBT
TBT or not TBT's picture

Starve problems and feed solutions.

Tue, 03/12/2013 - 12:27 | 3322740 Son of Loki
Son of Loki's picture

I told mi hijo to learn Espanol ASAP. He'll need it for a good job in Guatemala or Panama where the yobs are when he grows up.

Tue, 03/12/2013 - 12:11 | 3322685 SheepDog-One
SheepDog-One's picture

'The Path to Prosperity!'

LULZ yea sure...

Tue, 03/12/2013 - 13:20 | 3322948 IridiumRebel
IridiumRebel's picture

Give? No

Print? Yes

Tue, 03/12/2013 - 11:35 | 3322523 firstdivision
firstdivision's picture

What Ryan left out would be how he would add $10T in debt in other areas since the banks wouldn't like the US letting the economy/markets tank. 

Tue, 03/12/2013 - 11:45 | 3322565 Ruffcut
Ruffcut's picture

Your debts are your problem. Their debts are still your problem. Ryan is as full of shit as anyone on the hill, the hill of a huge stinkin pile of shit. Glad I have not stepped in it, but seems to taste real bad, so far.

Tue, 03/12/2013 - 13:45 | 3323031 SeattleBruce
SeattleBruce's picture

"Glad I have not stepped in it" - what are you talking about?  Assuming you're an American, we're all knee deep (or higher!) in this sh#$.  OK, so figuratively and literally, some portion of us are retreating to the hills...

Tue, 03/12/2013 - 16:26 | 3323702 RockyRacoon
RockyRacoon's picture

...the hill of a huge stinkin pile of shit.

Yep.  And we all live down-wind from it, no matter what point of the compass we occupy.

Tue, 03/12/2013 - 12:57 | 3322856 cougar_w
cougar_w's picture

Ryan's charts are stupid. Did he consult with Birinyi on how to use a ruler to extrapolate 50 years ahead?

Anybody extrapolating 50 days ahead needs to have their head examined. There are so many unknown unknowns at work right now that The Great Kreskin would be boggled.

Tue, 03/12/2013 - 13:05 | 3322884 Divine Wind
Divine Wind's picture

 

 

Excellent call.

The only numbers I even semi trust these days is that coming out of Shadow Stats.

Tue, 03/12/2013 - 11:36 | 3322527 the not so migh...
the not so mighty maximiza's picture

Mr Ryan voted for every bailout, he shouold be the last one to write a budget proposal.

Tue, 03/12/2013 - 11:46 | 3322569 blueRidgeBoy
blueRidgeBoy's picture

he seems to be the only one writing a budget proposal.

Tue, 03/12/2013 - 11:56 | 3322619 DOT
DOT's picture

Amazing that a Congress Critter can write at all. Normally all legislation is delivered to the Reps. with talking points.

Tue, 03/12/2013 - 14:19 | 3323155 SeattleBruce
SeattleBruce's picture

Funny you say that, I'm sure the TOTUS will have his teleprompter deliver his budget 'suggestions'...The Senate hasn't delivered a budget in over 3 years...apparently they don't need one.  Talk about the new normal.  None of the rest of us can live like that without getting thrown in jail.

Tue, 03/12/2013 - 11:48 | 3322577 ParkAveFlasher
ParkAveFlasher's picture

< Ryan is a poser

< Ryan is a poser

Tue, 03/12/2013 - 13:29 | 3322976 DoChenRollingBearing
DoChenRollingBearing's picture

<---  Ryan est un poseur...

Tue, 03/12/2013 - 14:11 | 3323128 cougar_w
cougar_w's picture

<--- DoChenRollingBearing is a poser

<--- cougar_w is da mac daddy yo.

Tue, 03/12/2013 - 12:06 | 3322660 McMolotov
McMolotov's picture

He wants us to think of him as a "policy wonk," but this is how I'll remember him forever:

http://www.youtube.com/watch?v=ewP01X5x9Nw

Tue, 03/12/2013 - 11:37 | 3322528 DoChenRollingBearing
DoChenRollingBearing's picture

And since no one wants to really control spending in DC, things will get worse.

Since almost NONE of us can do anything about DC and Fed machinations, I recommend getting OUT of the corrupt system by buying as much gold as you are comfortable with.

Tue, 03/12/2013 - 11:47 | 3322572 Deo vindice
Deo vindice's picture

One might even consider buying more gold than one is "comfortable with". Just saying...

Tue, 03/12/2013 - 12:25 | 3322697 DoChenRollingBearing
DoChenRollingBearing's picture

Speaking for myself only, I need a LOT of gold to feel comfortable...

 

EDIT:

Although I would settle for a LOT of good automotive bearings.

Tue, 03/12/2013 - 12:05 | 3322657 squidward
squidward's picture

Gold has been confiscated before, hedge with lead.  

Tue, 03/12/2013 - 12:13 | 3322687 akak
akak's picture

Correction: gold has been illegalized before, but it has NEVER been actually "confiscated".  There have NEVER been any door-to-door searches of homes and private property for any 'illicit' gold, so no privately held gold has ever been literally confiscated.

I am coming to suspect that this inappropriate and erroneous meme of gold "confiscation" has actually been purposely and repeated injected into discussion (not by you, squidward) by TPTB to scare current and potential gold owners, and to psychologically weaken their resolve to defy any potential illegalization of gold down the road.

Tue, 03/12/2013 - 12:20 | 3322716 DoChenRollingBearing
DoChenRollingBearing's picture

Yeah, could be akak...  So many naysayers on gold.  Makes me suspicious too.

On the other hand, lead becomes precious moving at a high enough velocity.  Even Russian steel!

***

We had a delicious dinner last night with three customers at a big chifa / buffet place on Javier Prado (some smart Peruvians in the bearing business, what a pleasure talking with them).  I´m gaining weight here akak, good thing we are heading back to America soon, or I would get FAT!

Tue, 03/12/2013 - 12:26 | 3322737 akak
akak's picture

LOL DoChen!

Despite all my hiking and backpacking, I can remember gaining weight on each of my trips to South America as well!  US 'american' citizenism citizens who have never left our borders simply have no conception of how good good food --- REAL food --- can be!

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