I believe many of you hard left wingers get too defensive when I talk shit about Obama. Clearly I hate all politicians, some more than others of course. I felt Bush was the worst President the world had ever known and now I think Obama is from Kenya. Business as usual at The House of Fly, hating on all politicians since 1976.
But I’m not interested in policies that will help create jobs. I am not concerned about the GDP or anything else that doesn’t affect me. Quite the contrary. I only care about the insolvency of the entire fucking country–because THAT will have a sticking impact on me–forcing me back into a world of grit and murder.
Let’s speak plainly, fucked of the face. If we don’t cut back on the fucking welfare, in 10 years the national debt will be in excess of $25 trillion, not including additional expenditures for our national penchant for wars and bailouts. To service that kind of debt, even with these low rates, we are looking at $500 billion in interest alone. UNSUSTAINABLE.
This is not our problem. I get very upset over financial malfeasance. I have never witnessed retarded incompetence like this and it’s happening in slow motion, BACKED by 47% of you fucking idiots.
In many regards, the country deserves what’s coming. But I figured I might as well voice an opinion on these matters, because it is a life and death crossroad.
Nevertheless, I will not allow my disdain and hatred for my local politician detract from my coin banking ways. Instead of boycotting or shorting stocks, I will bang my cane into the pavement, declaring “tomfoolery” when watching CNBC. December is almost here and I had a very good year. I am exercising discretion because it would be stupid of me to risk too much with so little time left in the year. Also, I am well aware that the national debt is NOT at a tipping point and Ben Bernanke is firmly in charge of the markets, stoned out on 8-balls of blow.
In short, the wall of worry that is “The Fiscal Cliff” will create volatility. We will dive lower by 2,000 points if a bad deal is made, lose 1,000 immediately if no deal is made–and we will rise by 500 upon successful completion of an acceptable can kick. Until this shit is resolved, I will remain defensive.
http://www.youtube.com/watch?v=3FniHgiyaTY
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” in 10 years the national debt will be in excess of $25 billion”….Only if Rick Santelli was voted President..
Santelli would have a surplus…
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from your mouth to gods ears.
“Let’s speak plainly, fucked of the face. If we don’t cut back on the fucking welfare, in 10 years the national debt will be in excess of $25 billion”
I believe you meant $25 trillion, but I think we all get the picture.
yeah, I fixed that.
Inflation will be the great equalizer for the “47%” sucking the government tit. Until that day happens it will be nonstop liberal spend spend spend..
It will only take 1 failed treasury auction and the federal reserve will be forced to buy 100% of financed debt.
that will not happen. evryone has been waiting for that for 4 years now.
The Greeks, Italians, and Spanish all thought the same thing too. The difference being we don’t have to go through the EU. The path of least resistance is money printing.
Treasury auctions do not fail by design.
You realize who buys the majority of the auctions right? The primary deals – i.e. JPM, Goldman, etal. If you ever believe there will be a failed auction in Cramerica you are dreaming.
I tried having a conversation with a wealthy business owner last night who didn’t seem to pay any attention to any of this. His answer is .. “go ahead and tax me. I’ll just work harder.”
You make so many valid points in this article. I think he fails to see that he can only really work harder and grow his business with the help of employees.
If they fall, he goes back to being a single shop owner and life isn’t $150M in sales anymore.
The insolvency of this country would affect him.
I explained a bit about MF Global. He was unaware.
He figured if he has money in the Bank, your problems aren’t his.
Sadly, money may not mean much and we’re all on this boat together so indeed, my problems will become your problems.
Great post Fly. I’ll try and copy this and send it. Maybe he’ll read it and get it.
He’s not an ignorant person, he just doesn’t have the time or the interest to think about this stuff.
Maybe I can change that. Who knows. Worth a shot.
Your point is valid also in that it won’t be the wealthy and productive who will be hurt, but the rubes who think the Chicago Machine can answer all their problems.
They are just becoming more enmired in a process that is by definition enslaving. As a result, the nation will be a shell of it’s former self, and many who have much will have less…
But many who have little will have none….
PS — re; Obamacare… take a look at the stories coming out of the UK about NHS personnel getting assaulted by frustrated “patients.”
Of course, they are murdering doctors in China….
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And NHS has like 85% approval in UK. They look over here and are aghast. I’ve spoken to many “Eurotrash” who cannot believe the American system of healthcare.
$100 tomato’s will have the “47%” government tit suckers begging for the Tea Party. In the interm it’s sit back, and get a good seat for the show unfolding before your eyes.
Cheesefries, more comments such as this, and I might recommend you to V.King as Ambassador to the U.N. for the V.Kingdom.
Duties include:
1) Backhanding American diplomats with messy items.
2) Emphatically waving pocket watch with HOBOma mesmerising facility, whilst offending in garlic breath said US reps.
3) Finally, we must negotiate with haggard-hoe Hillary about all Democratic “Secret Service” Escort service face shot junkets. Shire Rookness encourages employing women of the measurements 36-24-36.
Indeud: Ambassador Poutine.
Keep sharp with your modus in diplomacy.
p.s. Oh, and, the V.Kingdom requires ordering at least 999 peas at all such Diplomatic functions.
You can’t trade the world you want, you have to trade the world you’ve been given. Mr Fly is only pointing out reality, which is the debt service cost on an unsustainable debt load. The US is on the same path Argentina has taken (repeatedly). And look how far that got them. Next up: US Treasuries get downgraded, and, eventually, default / restructuring of the debt.
Much worse than Argentina. We are currency reserve.
Exactly.
The USA is obviously viewed as “the last safe haven”. When our funds fail to elicit any excitement fiscally speaking, and fall into the “Meh” category, the world as we know it will come unhinged. The result will make our current dabbling in the MidEast look like child’s play in a sandbox with toy soldiers.
There will be no safe haven once the majority of “folks” (as 0 calls us) figure out that IT REALLY IS A HOUSE OF CARDS.
It will be interesting from a historical standpoint to observe what the final tipping point will be.
There is only 1 thing left to do:those who make over $250,000 annually must immediately start planning for a 1 million man-woman march on Washington. I have no doubt that we should be able to get easily at least 2-3 million to march before Dec 31. Who is with me?
PS: (Besides the march we’ll have entry fees, corp. sponsorships, booths with info for sale on how to beat the IRS, etc., etc. The American Dream – we are the job creators – is alive and well!)
I like this!
The Million Millionaire March!
The John Galt March.
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The Downtrodden Unite!
Welfare?
CVO + 12% on no news?
Anybody?
Nevermind, I sold CVO today up 15.86% today!
well, on 2nd thought, what’s the weather gonna be like end of December?
Maybe we should wait until March or April when the cherry blossoms are bloomin?
Anyways, who is in? Common, show of hands here folks.
( Maybe we can get Bill O’Reilly and Hannity to march with us if we promiose their ratings will go up.)
Put them all in jail and have another election is my reaction if they can’t fix the FC… it’s criminal for them to be paid and put in positions of Power and not do their jobs. It’s like them going AWOL.
Obama won, as I said. And now the fiscal cliff is resolved at the last minute. Market will chop until we reach a deal, and then the uptrend continues.
this
Obama won??!?!! Alert the media! Dude above said it first.
Cutting spending is impossible in a democracy. Whoever proposes it will lose the next election. You can vaguely propose cutting spending as a good idea, but you can never get to specifics because if you do you are a mean ass dirty dog for taking away necessary funding for some sympathetic program. We are fucked. The only solution is to devalue the currency so the debt becomes managable.
All paths lead to inflation. That is how you steal from people little by little. As you say there are no cuts… all the “cuts” they are talking about are cuts to future spending, not actual cuts. It is hilarious to hear the military talk about how “cuts” will hurt their ability to rule the world – we outspend the next 23 nations combined.
Even the Medicare “cuts” they are talking about now are 10-20 years – i.e. they will never happen because some politico 10-20 years out will say the economy can’t handle those cuts at the time, and they will kick the can.
Fed buying forever.
You wanna slash welfare spending, unemployment comp, SS disability pay and food stamps?
Just raise the minimum wage to $12 an hour.
Make WORKING worthwhile.
Good point!
$12?
Unionize EVERYTHING and make min wage $30 per hour!!!!
You just about have to in order to cut unemployment. When you get $300/wk for not working you gotta get $20/hr to get $12/hr. Then if you get food stamps, housing assistance etc. its a better deal to not work. Take on a few side jobs and you have it made.
Why stop at $12?
I think $50 is an equitable hourly wage, and must heretofore be paid to every dipshit, no matter the value he/she provides.
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Serious comment… can we instill a simple IQ test for commentary? I think “name the major vowels” would have kept the above clown out, whether one included “y” or not.
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Because $12 an hour – $24K per year- puts you ABOVE the eligibility level for food stamps; and if you are working you don’t collect unemployment or welfare or disability. Einstein.
How many $8-$9/hour jobs do you think will be available at $12/hour?
And is “o” a vowel or a number?
EINSTEIN?
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ALL of ’em. The economy will boom as much-needed demand pours in from the new $24K “middle class”.
Those paying $2 for a burger now will happily pay $2.50 – six burgers a week will cost the $300 a year more, but they will be making $8000 a year more.
And they can buy a Ford Focus.
You are an uneducated fucktard.
Really, you are.
That’s ‘riggedgame’, above.
Math hurts.
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As the late great Milton Friedman stated, there would be much MORE opportunity for workers if there was NO minimum wage…Why? Much greater possibilty of learning marketable skills. Pure genius.
Milton Friedman. Ground 0 of the economic collapse. Everything fucked up about today’s economy can be traced back to him.
Really? Name one thing he got wrong…
One of the great mistakes is to judge policies and programs by their intentions rather than their results.”
? Milton Friedman
Goldman is targeting a 12-month target of 1,575 for the Standard & Poor’s 500 index SPX +0.10% , which they say implies a 12% potential return on stocks – corporate fundamentas will support continued profit-cycle expansion.
Revenues for the S&P are expected to rise by more than 4% in 2013 and 2014, with margins hovering around the current 8.8% to 9%, earnings climbing by more than 6% and the price/earning multiple getting a modest bump — from 13.2 times to 13.8 times by the end of 2013.
And that pesky “turbulent political environment that curtailed corporate risk-taking in 2012,” is, whew, going away, says Goldman. The fiscal cliff will be avoided, but taxes will go up and federal spending is coming down.
And the U.S. economy will gain strength as the new year progresses, says Goldman, growing 1.9% in 2013 and 2.9% in 2014.
Other targets from Goldman: S&P 500 at 1,450 in three months and 1,500 in six months.
They also lay out five growth-capturing strategies for the new year.
1) Stocks will outperform treasuries
2) Equities will beat credit returns, though not on a risk-adjusted basis
3) Cyclical sectors will beat defensive sectors — materials, industrials, information technology over consumer staples, telecom and healthcare
….
( still do not understand id they always say bullshit or if they’re perfect-contrarian when outing in media )
Fly, you have to admit Obama has been excellent and will continue to be very good for :
a) wall street
b) Sr. Tropicanna and
c) scalpers, swing traders and buy & holders
But it’s unsustainable.
well, since when is volatility bad for the nimble trader? I’m not saying during Obama market is on the up and up and it will continue up. I’m saying, we go up, we go down, we go up…
when did sustainability start to matter?
When the difference between Third and First World living became a reality.
See, “United Kingdom, 1977,” for further prologue.
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Everyone with a job is contributing to the natnl. debt through FICA, since the funds are required by law to purchase u.s. bonds. Every time that purchase happens it gets tacked onto the public debt side. Anyone that buys a bond is contributing to the natnl. debt, domestic or foreign. It going to rise no matter what, unless the govt. stops selling bonds. It’s almost totally pointless to even argue over it.
Fucking gibberish nonsense. I swear some of you are morons.
“By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are “special issues” of the United States Treasury. Such securities are available only to the trust funds.”
http://www.ssa.gov/oact/progdata/fundFAQ.html
Reply
You truly are a stupe… do you think if perhaps we CUT SPENDING in other areas, we could REPLACE THAT DEBT with the debt of the SS WITHOUT INCREASING OVERALL DEBT?
Hominy grits.
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Spending cuts amount to income reduction, no? What if you’re clients cut how much they wanted to pay you? You would see an income reduction.
I’m not going to sit here and resort to calling people stupid, as many bloggers do here. Name call all you like, I won’t take any offense I just see things differently.
Ok, let’s look at it rationally, then.
What IS government spending?
It’s just INCOME taken from you and me and SPENT by some top down technocrat as a result of some POLITCALLY driven degree.
Now, whose dollar do you think is spent more efficiently?
I am seriously giving you the benefit of the doubt here, but you’ve already one strike against you from the comment above.
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Above should read “decree” not “degree.”
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Surprising how many otherwise intelligent people seem to believe that government spending = wealth creation.
Where on God’s good earth did that thinking originate?
Because the government is the ONLY supplier of currency. Whether you get if from a bank or a business, it ORIGINATED at the government level.
Cullen Roche?
Common sense. Over and over and over again we’ve seen the Fed officals make these statements.
In the fantasy land called “Libtard-ville”
Same the lib vs con bullshit. I’m neither one, so go shove that shit up your ass.
“The U.S. government is the sole manufacturer of the U.S. dollar.”
Not an exact quote,as i’m paraphrasing, but you get the drift.
So, if there is only one single supplier of currency how do the rest of us wind up with that currency?
It isn’t necessarily taking and giving. At a state level, yeah it is as states must tax to generate revenue. The federal side is a bit different, being that only they have the legal right to ‘manufacture’ the currency.
So why does the federal side tax? In my opinion (and others) it’s a supply & demand issue, rather than a take from you and give to another issue.
FX Trade is correct. The obsession with debt and the deficit is totally misplaced. When the government deficit spends it is literally creating money out of thin air and distributing it to the private sector. How is that a bad thing? Especially with the private sector struggling to pay down its debt load. The US government will ALWAYS be able to pay its debt with the push of the button. Right now the Federal Reserve could buy back every piece of US debt, leaving the private sector with dollars. Would you rather hold an interest bearing asset or one that just sits there doing nothing? I’ll go with the interest bearing asset. Also, right now, Congress could enact a law saying that when the treasury deficit spends it does not need to issue debt. Simply press a button and accounts get credited, no debt needed. But who would want that? If I get paid I want a place to park that money which is safe and bears interest. If we didn’t have debt that would prevent that from happening.
The other thing is projections like the CBOs almost never come to fruition. You change one of their inputs ever so slightly and the outcome is radically changed. Take a look at this paper which alters the interest rate only and look at the results: http://www.levyinstitute.org/pubs/pn_11_02.pdf
First, the FED is not the US government, it is the head of our quasi-private banking cartel. Second, thinking that gov spending increases wealth is keynesian theory and has been disproven over the last 100 years. Third, when the FED monetizes debt we experience rapid inflation (hidden tax on you plebes), rates rise across the board, our shitty government grinds to a halt, and you are stuck paying $10 for a loaf of bread from the dollar store.
The problem is clearly spending, and no amount of FED printing and treasury buying will fix our current deficit. Shit, they have been propping up our government for decades.
Leave the political viewpoint out of it totally. Face is the government supplies all legal currency. Arguing over a banking cartel and such is pointless. All currency comes from a government level of some sort. They’re the only one’s who can legally produce the currency you use.
scarily, i agree w all le flea has just typed .. particularly the part about Obama being fm kenya
and the no freebies/welfare part … earn yer keep on govy commie-style farms and ditch-digging .. no welfare unless ur sick or dying
CCC?
How old ARE you, Bruce?
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fitty-six, pourquoi monsieur?
Because you sound like you were around in the 30’s… but maybe you were in school in the 70’s when they were still lying to people and telling them FDR’s make-work programs (like CCC and WPA) were what got us out of the Great Depression….
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True CCC and WPA did not end Depression, they only kept people from starving, begging and drinking themselves to death and wandering around in rags.
We have a much better charitable and social safety net now to prevent this.
If Libs stop trying to relive the 30’s, I will stop trying to relive the 80s-90s
no, I just think there should basically be no welfare, no food stamps except in rare circumstances … if you can’t find a private sector job or employ yourself somehow, then that’s where the govy should step in with some work for food/shelter/clothing type of program … better than handing out your tax money for nothing … if you got a better idea, I’m all ears
Private charity.
The more local, the better.
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Isn’t he past the age limit to post on here?
Juice precedes IBC, gives him the right.
Those programs are known as “Automatic Stabilizers”. Study after study has been done on them, and they’ve been proven to function exactly as automatic stabilizers. Without them, it would be collapse you wish you’d never seen happen They’re not going away. The data on all of it is out there.
What programs? Ditch digging programs?
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Ditch diggers would be more productive than sitting at home collecting unemployment, no? 🙂
Unemployment, Social Security, Welfare, among others are considered stabilizers. Take money away from people who can’t go out and earn it and those people don’t spend money. Money that benefits the businesses they spend that money at.
Now before you go off and call me a crazy liberal, like I know you want to, think about how much money would be lost to the businesses those people spend that money at.
I really try to avoid the political rhetoric on this shit and look at the cause and effect of things, rather than the morality or immorality or who’s being lazy and not lazy.
My point being, such ‘programs’ serve something higher than just paying freeloaders.
House of cards is what you describe. It won’t go on forever.
You need production to create wealth, not just moving money around with the government printing more of it.
Right, you PAY people to PRODUCE things. And what i’m describing isn’t just moving money around and printing it.
Imagine what you get when you remove the unproductive and they have no money to spend (benefit to business).
I’m not advocating anything but the reality of the system.
Take away the automatic stabilizers and you have a mass of people with no money to spend at the businesses they frequent. If you think that’s not going to impact the economy and worsen conditions I don’t know what to tell you. Go ahead and do it. You’ll probably think twice after doing it though.
the automatic stabilizers and PBS and all that discretionary stuff is like 23% of the budget. You are playing with small stuff.
Defense, Medicare, and to a lesser degree Social Security. You don’t cut there, the rest is a rounding error.
I swear this is the same argument that comes through here every 30 days or so, but under a new moniker.
Do you understand that “currency” is just a stand in for an exchange of value? And that you cannot just “create” value out of thin air? If you run the printing press, all you are doing is devaluing the rest of the currency, or, (worse), creating a false asset bubble which is destined to collapse and ruin the economy (as the last one did).
Why do you wacky monetarist-Keynesians believe that just because God decided the U.S. dollar would be temporarirly globally sovereign, it ever would be thus?
You guys are MAD DANGEROUS.
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Jake, line up recent QE dates with US dollar values. Dollar value has risen every time.
Also, the floating exchange rate is key to all of this.
“By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are “special issues” of the United States Treasury. Such securities are available only to the trust funds.”
http://www.ssa.gov/oact/progdata/fundFAQ.html
See above commentary stating why this does not necessarily have to ADD to our debt load.
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“But I’m not interested in policies that will help create jobs. I am not concerned about the GDP or anything else that doesn’t affect me.“-Exactly why your country is fucked- nobody considers themselves part of a greater whole, and is thus unwilling to do anything that is good for the country. Every man for himself mentality means the the rich gluttons want more more more money, yachts,cars, etc. and your poor gluttons want more more more deep fried food and walmart bling. A spoiled and selfish lot.
I’m assuming your not from around here…
Storms a come’n
Except for the fact that the rich are spending THEIR money (which de facto provides value to the economy), while the parasites are spending YOURS.
See the difference? One can be as selfish as one wants, on one’s own resources… that’s why people want to COME to this country.
(Or used to….)
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I was merely trying to point out that to act sensibly within a democracy, an informed citizenry collectively makes decisions for the common good. What I have witnessed from my perspective, is that Americans in general are only interested in their own personal gain,fuck the rest. No agreement is possible with disparate groups: see US Congress.
Americans being interested only in their own personal gain worked fine for the first 150 years of this country’s life, thanks to a respect for a Consitution that respected rights and property.
The advent of German-European social “progressivism” however, gave voice to the more traditional feudal pathologies of paternalism, and authoritarianism, which have led us to the current use of our Constitution as outhouse abrasive.
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Americans interested only in personal gain begat the dirty thirties- duststorms that reached as far as 300 miles offshore. Nearly destroyed the great plains. Americans concerned with the greater good restored soil conditions and prevented widespread desertification. Unfettered Capitalism has no conscience, and can be destructive see :2008.
You can’t talk facts to these folks. That’s why you don’t see a lot of people who are not Far Right Wingers posting here. These people live in an alternate fact-free reality like the one on Fox News.
Don’t worry about the U.S. though. The Far Right Wingers posting here are the folks who just lost the election. The people who know the facts– e.g. that welfare for the rich costs U.S. taxpayers far far more than welfare for the poor– just won the election. We will take care of things while the Right Wingers continue to whine & buy guns & claim Obama is not a U.S. citizen. It doesn’t matter. Their party is shrinking every day.
You have energy, I will give you that. There are many people who do not listen to the political entertainment media such as FOX or MSNBC that still disagree with you, Frog. How do you square that? I don’t listen to Ed or Rush. I never turn Rachael or Bill an I still disagree with you. If I hear or read about something the TPC wrote I go read that document. I don’t let Rachael, Chris, Sean or Bill ‘splain it to me. Feel Me?
Youare very correct about one thing. The productive class in this nation is in decline. It is shrinking rapidly.
Answer me this? Why is everyone of disagrees with you a far right winger?
Some of us are just bad “typers” like me. LOL
I hope you are right ( correct ) Frog; There really are 2 completely different Americas aren`t there? I appreciate and admire the one you are part of. I hope sanity prevails.
Thanks, CalgaryG. It will. Yes, the saner part of the U.S. won the election. No worries.
Winning an election in no way suddlenly proves the validity of the winning party’s ideas and principles. That is a refrain that all victories parties use. We won because we were right. How did that work for in 2002 when after Bush bucked the trend and his party increased its majorities in congress and people were predicting the end of the Democrat Party?
Keep in mind Bush won twice. How does that square with you? I know, I know, you will cry he did it with nefarious tactics engineered by Carl Rove. Kinda like the point Republicans are making about class warfare and “Kill Romney” now.
Seriously, how old are you, 22? You have no perspective. The truth is the last president that had a real mandate was Reagan. That happens when you when 49 states. Clinton won TWO elections with less than 50% of the vote. Neat trick that one. Obama won a close election in historical terms. Enjoy it while it lasts. Nothing in the world remains static. That is especially true of politics.
I am pleased that you rest easy know you have the keys to the kingdom intellectually. LOL
Bullshit.
“Unfettered capitalism” creates pricing mechanisms which naturally govern overuse of assets like the Dust bowl.
We do not have “unfettered capitalism,” however, and our capitalism is extremely fettered.
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It wasn`t pricing mechanisms that had anything to with remediating the damage done to the land in the 30s, but your old friend FDR did!
Bush truly was the worst president we ever had. An added disgrace to a disgraceful nation. The hilarity of “compassionate conservative” still brings me to a chuckle.
Yes, it’s all Bush’s fault.
He should have known he was enabling Pelosi, Reid, and the One.
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The Harper, you can’t talk facts to Far Right Wingers. See my comments to CalgaryG above. I enjoy reading your comments myself. But be aware that Far Right Wingers are repulsed by facts & will never listen to them. And that this doesn’t matter, because the Far Right Wing is shrinking daily. There’s absolutely no need to convince them of reality. They can just keep whining while Obama gets the economic recovery going along well.
As Colbert states, “Facts have a well-knwn liberal bias.”
LOL @ Comrade Frog citing comedian Colbert as his Authoratative Voice.
The great thing about Comrade Frog is that he doesn’t even realized he’s being ever so slowly boiled in a pot of bubbling Irony.
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Jefferson quotes. Probably the wisest man ever to grace the halls of our capitol
http://jpetrie.myweb.uga.edu/TJ.html
I like this one:
“Of liberty I would say that, in the whole plenitude of its extent, it is unobstructed action according to our will. But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add “within the limits of the law,” because law is often but the tyrant’s will, and always so when it violates the right of an individual. “
Senor Fly,
If your going to talk real numbers about the debt you need to understand this:
http://www.usdebtclock.org/
Blows your fucking mind off
Boy, thats new! Haven’t heard of it.
Prescription Drug Liability is 22 TRILLION. Top 5 prescription drugs in the US?
1. Pain Pill
2. Pain Pill
3. Thyroid Pill
4. High pressure pill
5. Cholesterol pill
Conclusion: You fat fucks who sit around all day complaining of socialism do more harm to the national debt than the actual “socialists” you are whining about.
Also Bush and the lobbyists made sure that as part of that “Part D” the govt could not negotiate drug prices for Medicare. It is hilarious. The largest consumer int he world of drugs cannot buy at bulk prices. And we wonder where our tax money goes. Corporate socialism.
Get off welfare & youtube and get to a remedial math class quickly, Bottle Rocket.
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whats worse is that the people this administration says they want to help ,will pay the price as food, fuel increases . we have seen this for the last 3 years. no one seems to see this. it stupid to put corn in our gas tank. the cost of corn has hurt eveyone and the poor the most. so you obama suporters keep drinkin the cool-aid.( i didnt like bush either)
I agree that stupid to put corn in our gas tank. Obama isn’t perfect– just 200% better than Romney & the Repubs.
Faux News makes it their job to point out all of Obama’s real faults plus zillions of imaginary ones. Watch some other station for a change & you will see that Obama also has strong points & that the economic recovery is on the way.
Wow, Comrade Frog hitting the “Faux News” button again.
Comrade Frog’s even more of a parody than his parody version, despite the staleness of the ethic.
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If you are going to default do it in style I says. $100 billion trillion.
http://www.youtube.com/watch?v=y0O7_3o3BrI
There will be no default. It’s all media hype.
Let’s just round it off at a neat Zillion, eh?
No, FXNuttyMoneterist is correct. There won’t be a default… we just won’t be able to sell our shitty paper at some point in the future.
And that, will be that.
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I’ll take nutty over stupid. lol 🙂
PS
I did score 120 on my last IQ test BTW. 😛
I’d also like to say it was a monetarist that pointed out the flaws in the Euro system prior to the Euro system even being implemented.
It’s not all that nutty. 😉
DDD- Fly, what do you think of all these attacks on DDD? Do you think there is anything to be concerned about or are these just shorts that have accumulated huge losses?http://seekingalpha.com/article/1038241-3d-systems-corporation-doth-they-protest-too-much?source=email_rt_article_readmore&ifp=0
Agreed. The problem with our spending is not the loser who collects $800 a month in welfare… It is the welfare to the banking cartel, big AG, big pharma, and big MFG, and the continuation of the warfare state from the war on drugs and immigrants, to the war on “terror”
http://www.youtube.com/watch?v=q03cWio-zjk
I would have to examine your description of “welfare,” but if you mean R&D tax breaks, they you have to rewrite the whole tax code, because although those breaks go to the big companies, they go to the small ones in equal measure.
I agree as a whole, however, that the effects of lobbying lead to fascism, but more clearly through REGULATORY barriers (which can also be called welfare I guess).
On the other hand, subsidies for able bodies people not working are the least productive policy a society can design. And usually a sign of some sort of vote buying behavior for what its worth.
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it is a fact that more money is spent on corporate welfare thru tax deductions, loopholes, subsidies than the money gov. spends on welfare, food stamps, medicaid, etc
Don`t forget the military, which exists not only to protect the nation`s internal integrity, but also “American Interests“ abroad (ie business interests). Ever notice how the US doesn`t invade countries devoid of natural resources, or other `strategic“ attributes in the name of FREEDOM?
Keep in mind that Canada has vast resources and no real military. Great roads lead to Calgary. Watch you ass lest we invade you and take your shit.
What an infantile view of geopolitical dynamics.
Watch you ass lest we invade you and take your shit.
What an infantile view of geopolitical dynamics
LOL….. are you fucking kidding me?
It was a joke to illustrate what a tool you were being.
Canada gets “welfare” from the US in regard to “protection.”
And it’s NOT a fact that “corporate welfare” (which is really just tax breaks, not “transfers of money” like REAL welfare) is a higher amount than redistibutive transfers, which a approach a TRILLION a year.
I oppose what you term “corporate welfare” (again. more regulatory than tax cut stuff) because I think it’s FASCIST, in the sense that it entrenches certain large behemoth companies in an anti-competitive barricade that hurts competition, small business and most important, innovation.
But allowing a company to “keep” it’s net income, however, all you are doing is keeping the prices of its products to the end customer from being increased.
Corporations don’t pay taxes… their customers do (and to a less extent, their shareholders, who also are taxpayers).
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Just to clarify, are you saying Bush is the worst president in the history of the world because Stalin and Hitler were not presidents? Or are you instead saying he is even worse than Stalin and Hitler. Thanks in advance.
Mao was cool too. How about Tito? You could go on forever. Don’t confuse them. They are on a role.
I think they were talking about US Presidents.
But it’s a joke, Bush was not even close to the worst U.S. President. He wasn’t even the worst BUSH President.
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They did say history of the “World”.
The debt is huge and needs to be addressed now but I don’t think your system of government is capable of making the hard decisions necessary.
I live in a parliamentary democracy which essentially gives our Prime Minister dictatorial powers while he is in office, so it is possible to force through any “dificult decision” he wants.
In your country it is extremely difficult to get anything that causes short term pain done because too many people can derail the process.
What needs to be done is obvious. Reduce entitlements. Slash the military. Introduce a national goods and services tax. Make the income tax system more equitable so that the wealthy lose their loopholes and the portion of the 47% that make a decent wage can’t reduce their tax obligation to zero. Overhaul the corporate tax system to remove the subsidies and incentives. Reduce or eliminate subsidies for farmers.
Hmm. Sounds like a fiscal cliff.
Hmmmm… sounds like you want us to be Socialist Europe, like yourself.
Misery loves company, wot?
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Actually, Canada was in similar economic dire straits in the 90`s as your country faces today;high deficits and unsustainable debt. We`ve fixed our economy and are now exporting Canadian know-how to fix the mother country.Perhaps you lot need a hand as well? Wot?
CalgaryG, please deepen your thoughts beyond what you are spoon fed by the propogandists of our home and native land. You demean yourself and all of those who yearn to see behind the curtain. Sincerely, RCubed.
Canada simply followed the traditional Keynesian policy of increasing Gov’t deficit spending when times were bad and paying it back when times were good.
Of course that wouldn’t work in the USA because the gov’t doesn’t believe it ever needs to pay anything back.
Just pokin a sharp stick at Senor Gint Et Al. Re-Fucking -Lax…
.. ..SPORT.
I, for one, cannot wait until Jeb Bush is elected!
Obama is from Planet Earth, Milky way Galaxy. The mess will continue till it doesn’t high taxes are coming peeps, look for it California style land of the fruits and nuts
Caffeine cannot replace meat and potatoes as sustenance in an economy forever.