1 I think I head redneck cat say "boy" at the end of his sentence

2 heard not head, shoot.

3 LOL, jobless claims have less validity than Grimm's Fairy Tales. At least when they collected those stories they based them on what people had seen.

As for the dollar, I have been expecting it to tank for a long time. The only thing holding it up right now is China trying to keep theirs low and the fact that the Europeans are also in a race to see who can be the most BONED.

4 Redneck Kitty looks like my cat when I have not properly given him enough food.

5 (This is also why I despair of the GOP ever really getting a handle on our budgetary mess at the state and local level. They tend to love spending taxpayer money just as much as the Democrats do, just on different stuff.)

Indeed.  Conservatives across the fruited plain disabused themselves of any last fantasies of the GOP pulling itself together to save the nation last night.  I received phone calls from many of them detailing just how flabbergasted they are at the Republicans faltering at this critical hour.
I suppose I'm one of the not-surprised-at-all crew. o_x
On the flip side, we got some wicked awesome magic beans.  I wonder if they can be used as currency in the new Mad Max era.

6 Yet when you discuss politics with a lefty, you can't even get into the debate of what to cut. You now spend all your time arguing whether or not we are actually broke. They insist not, despite the fact you can take all the rich people's money in the US and still not really cover the debt.

7 Miss the Seventies, yet?

8

Ben, I stil got your intent. Heh.

Monty, the thing about lagging indicators and jobs and recovery -- it may lag a recovery, but the fact that the rate of layoffs has slowed is no evidence that recovery has begun. QED: A year ago, everything was about Portugal, Greece, Ireland, and Spain and how their economies were falling off a cliff. They all got bailouts and were SAVED! Now, they're about to go bankrupt again. The only thing they did was delay it a year and burn up a bunch of German taxpayers' money.

9 Yet when you discuss politics with a lefty, you can't even get into the debate of what to cut. You now spend all your time arguing whether or not we are actually broke. They insist not, despite the fact you can take all the rich people's money in the US and still not really cover the debt. Funny. That's exactly what that Stephen Lerner guy said that Glenn Beck caught on tape, planning to "take down" the banks and Wall Street, said that the Left ought to be saying as part of their attack.

10 Most voters don't trust government at any level not to be corrupt.   This covers both left and right.    So it's easy for the dems to argue that it would hurt someone to cut spending.   The voters figure at least I get something now, if its cut then it only goes to someone else.    Deficits are vague things to many.

The GOP needs to put concrete things back in peoples hands (and cut the deficit at the same time).   Small things to start help on some of the tough ones.

For example, on Social Security   Bush's proposal for private accounts was good but too easy to demagogue that the markets would destroy peoples accounts.   How about giving younger workers their SS contribution in T bills (actual T bills not IOUs) with maturities scaled for a portion due at age 50.  All could be cashed out at maturity tax free and passed to your estate.

The public can't be convinced you are sincere until you show some evidence.

11 no evidence that recovery has begun

Oh, I totally agree. We've drowned and sunk; now we're just bumping along the bottom. It's less a "plateau" than a "trough". Or the Marianas Trench.

12 Monty I love the cat pics. The doom, not so much, but you are always right on the money with your assessments. Thanks for depressing me further this morning. Thank goodness I am not in Ca , but in Texas. Unfortunately, all you retards from CA are coming over here and screwing us up with your damn hippie liberal communist pinko ideas. Austin was weird enough without CA freaks moving into town. sigh... Okay I am going to sit on the back porch now and polish my shotgun.

13 Monty@11. Thank God. I thought you were beginning to believe, like, the AP finance writers. Recovery Summer, baby!

14 So wow is CNBC lucky that it can burn up the airwaves with this Sokol/Berkshire Hathaway story.  Makes it so much easier not to talk about the zero tax bill their parent company enjoyed.  And warren will be so busy with this mess bet he won't have time to deal with those golden slacks warrants so that will surely be put off until a later date.

15 If you look what happen in Japan, they were never able to monetize their debt due to political pressures. Happy Jack Bernacke's plan to inflate will have as much success as a Hugh Hefner penile implant.

16 its day one of Baseball........... go Cubs.......... i think they will win it all this year. 

17 Well at least I enjoyed life as we knew it while it lasted. I guess I should invest in lead and brass. I fully intend to be an insurgent if that JEF hands us into a caliphate. May only go Galt if we become a full fledged commie nation.

18 Posted by: DirtyJobsGuy at March 31, 2011 10:14 AM (N7ULP)

If you told me about your plan with t bills, I would refuse to fund my retirement and keep my money, thanks.

19

Ohio Gov. Kasich plans to cut government spending...by increasing spending by 11%.

It's a dream come true! It's a dream come true!

20 Aaarrgggh! Giving. Giving a Lewinsky.

21 DOOM is a little crunchy today, need to add so beauty:

http://tinyurl.com/6787zjr

22

Is Kasich's spending increases actual spending increases or tax cuts that are called spending increases?

I can't watch the video here at work

23 "Let me be clear, I am fiscally conservative, I don't rent, I pay cash"

24 That looks more like 'White Lightning' cat or 'Thunder Road' pussy.

Sure looks like that might be a backwoods still set up there.

25 Me and Redneck Kitty have an attitude in common. My land is my land and I would die to keep it. Like me Pop said, most of my land is only good for holding the world together (mountain ground and mostly rock) but it's still MY LAND, and they ain't makin' any more.

26

The problem Kasich faces is the problem that the Federal Government faces, writ in the size of the state.

Entitlements.

Most of the State of Ohio budget is Education and Medicare/Medicaid (state share of Federal mandate).

They won't cut their education outlays enough, and they are restricted as to how much Medicare/Medicaid gets cut (the state mandated part). They've cut around the edges, and that alone has made the nitwit nellies in the new media all askew with silliness.

Ohio legislators are all term-limited, so most of them are not "career" politicians. What are they worried about?

The 11%,  $5.5 billion dollar increase in the state budget is not so much a surprise as a disappointment.   A BF disappointment. These guys frankly will just not cut, because they are afraid of those meanies in the media calling them mean names.

There is frankly no political courage anywhere to do what has to be done.  Half the states probably really want to do the right thing, and half are going to tap -dance off the cliff and expect the Federal Gov. to save them with QE-27 (stay tuned!). So no one makes hard decisions and sticks by them.

A real third party arising is not unthinkable to me anymore.

In short, we're boned. And doomed.

27

Aaarrgggh! Giving. Giving a Lewinsky.

Posted by: Rep. Kasich after givinginton a Lewinsky at

Dude, step away from the browser before you hurt yourself.

28 This is all so unexpected!

29

Given his demonstrated leftist and socialist as well as his anti-American tendencies, this cannot be a coincidence.  This is a concerted and thought out effort on Obama's and his allies' parts to undermine the economy. 

 

How is that hope and change bullshit working out for you mental midgets and blacks who voted for a clearly unqualified idiot for president?  he is fucking you over right along with the real Americans.

 

 

30 Weeeee, more doom.  I'd just assume blow my fucking head off and be just done with it but I'd suspect that would make my parents rather cross.

31

I'm reading that the House leadership is leaning on Paul Ryan and asking him to tread lightly on entitlements, though another article contradicts that. Anyway, here's what has been said so far:

*Block grants for Medicaid

*Medicare vouchers for everyone 65 and above. Future retirees will be able to choose from a list of private plans.

32 I'd just assume blow my fucking head off and be just done with it but I'd suspect that would make my parents rather cross.

The true warrior continues living out of bitterness and spite. It is the Shaolin way.

33 leaning on Paul Ryan and asking him to tread lightly on entitlements

I feel for Ryan, I really do. He clearly understands the scope of the problem, but he is also a politican and cannot speak the blunt truth aloud lest he be ridden out of town on a rail. He considers politics, in Bismarck's phrase, to be "the art of the possible", so he continues to find ways to advance the ball even if it doesn't seem to hold much hope of leading to a score.

But the problem he (and the rest of us) face is this: we will never succeed by cutting inches when we need to be cutting yards. At some point the American taxpayers are going to have to hear the hard truth, and be told that they have no real choice but to deal with it. The politician who does this may not survive the attempt, which is why I think it probably will not happen (at least not in the timeframe it needs to happen).

34 The document dump by the Fed today ought to be good for some shits and giggles .

35 Jim Cramer and CNBC will see me through these tough times. I put my trust in them in the name of the Father, the Son and the Dividend.

36 Does redneck kitteh play banjo?

37 32 The true warrior continues living out of bitterness and spite. It is the Shaolin way.
______

I always thought the Shaolin way involved cottage cheese.

Or maybe that's the Shaolin whey?

38

The vice chairman of the Budget Committee put it this way:

“Politics plays into this,” said Representative Scott Garrett, a New Jersey Republican and vice chairman of RyanÂ’s Budget Committee. “Is he going to come out with a plan where he wants to go, or is he coming out with a plan of where he is being allowed to go” by the party leadership. “We need to start taking some of these tough calls now.”   So there is a talk that the leadership has heard from the oh-so-concerned appropriators and their allies, that they are worried about tackling Social Security and are limited the options. Sadly, that's within Boehner's rights to say no, since this is a consensus budget; he also took 4mos. to sign-off on entitlement reform.   I say the Budget Committee should gather their allies and push-back. While it's true that Medicare and Medicaid are two of the primary drivers of the debt and SS is peanuts in comparison, it's going to become a larger problem later and Ryan knows it. He shouldn't be made to avoid the issue simply because the leadership (excepting Hensarling) is getting cold feet.

39

Let's try that again:

“Politics plays into this,” said Representative Scott Garrett, a New Jersey Republican and vice chairman of RyanÂ’s Budget Committee. “Is he going to come out with a plan where he wants to go, or is he coming out with a plan of where he is being allowed to go” by the party leadership. “We need to start taking some of these tough calls now.”  

 So there is a talk that the leadership has heard from the oh-so-concerned appropriators and their allies, that they are worried about tackling Social Security and are limited the options. Sadly, that's within Boehner's rights to say no, since this is a consensus budget; he also took 4mos. to sign-off on entitlement reform.  

I say the Budget Committee should gather their allies and push-back. While it's true that Medicare and Medicaid are two of the primary drivers of the debt and SS is peanuts in comparison, it's going to become a larger problem later and Ryan knows it. He shouldn't be made to avoid the issue simply because the leadership (excepting Hensarling) is getting cold feet.

40 32 The true warrior continues living out of bitterness and spite. It is the Shaolin way.

Posted by: Monty at March 31, 2011 10:53 AM (FC+dS)

Ah, so, it's like a variation of the "hate keeps me warm" philosophy proposed by the late, great Patrick Swayze.

41 #6  Reality,  you need to get a copy of Bill Whittle's video explanation of Iowahawk's excellent column.

Here is the url for the video. 

http://tinyurl.com/499xan5

It illustrates that if we take ALL of the money from all billionaires and millionaires and all of the Fortune 500 corporations,  stop foreign aid, take all of the money spent in Afghanistan and Iraq, all salaries of all sports stars,  sell of the homes in Beverly Hills,  we can get through one year of Obama's spending.  Then you have to start over,  and there is nothing left to take.

DOOM!

42

More on the budget proposals:

"His plan reportedly would turn Medicaid, which provides fee health coverage for the poor and is facing a massive spending increase under President ObamaÂ’s national health care law, into a block grant program for states instead of a program administered in Washington.

On Medicare, the insurance program for senior citizens, Ryan would repace a system in which people pay in all their lives and then get government insurance to a system in which seniors would get vouchers to buy insurance on the open market."

43 I'd just assume blow my fucking head off


The true warrior continues living out of bitterness and spite. It is the Shaolin way.

"What me worry"  Alfred E. Neumann

Early departure may save you from the cannibal hordes but it leaves your mess for others to clean up and isn't that how we got here?

44 At some point the American taxpayers are going to have to hear the hard truth, and be told that they have no real choice but to deal with it. The politician who does this may not survive the attempt, which is why I think it probably will not happen (at least not in the timeframe it needs to happen).

No nasally voiced rich midgets please

45 Watch Irish doom live .

46 41 ... sell of the homes in Beverly Hills, we can get through one year of Obama's spending. Then you have to start over, and there is nothing left to take.
_________

Well, you could sell all of the homes in Beverly Hills again...

47

In 2010 USD declined on FX markets by 3%.  So far in boom 2011 year,  declining 1% per month.

Glad Japan and EU are doing so well, but a tad sorry for us.

48

" pensions aren't the biggest budgetary problems facing states right now. "

Pension payouts aren't on budget, duh.  NRO, why not just close the doors already?

49 Well we've hit the iceberg, and we don't have enough lifeboats.

"Well then...the morons shall retire to the bar..."

50 Well, Just Damn.

I'd always planned on working until the day I die... now, I'll just plan on fighting 'til the day I die...

51

@43: "Early departure may save you from the cannibal hordes but it leaves your mess for others to clean up and isn't that how we got here?"

One cannot leave a mess for others if one has no others.

52 As others, such as Pete Peterson of the Blackstone Group and Mary Meeker, have shown much better and for far longer than I, the true but unrecorded debt of the U.S. Treasury is not $9.1 trillion or even $11-12 trillion when Agency and Student Loan liabilities are thrown in, but $65 trillion more! This country appears to have an off-balance-sheet, unrecorded debt burden of close to 500% of GDP! We are out-Greeking the Greeks, dear reader.

Redneck-Shotgun Kitteh better have lots of ammo.

53

Darn, I have a lot to do today, won't be back here but was surprised that there's only 52 comments in the DOOM thread.

I love this thread. Every weekday, this motivates me.

Everyone have a great day.

54  If Texas and other states (admittedly which have their own pension problems) decide to opt out of the US altogether and use their oil reserves as backing for their own new "Confederate" currency, where does the Social Security/Medicare obligation go? If they are null and void in the newly formed country, would those who are "promised" these benefits have to return to the "Union" US to claim their benefits? Cause at some point, people are going to refuse or be unable to pay any more in taxes. The best feature of this plan is the off-loading of Medicaid and other unfunded mandates. Who's with me?

55 I must be finally beginning to live the Ace of Spades lifestyle.  When I first saw the title of the post, I thought it said:
DOOM! in my pecker like grains of sandDo you morons have any idea how painful that is?

56

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