April 25, 2011
— Monty "The Fed bet $900 billion it didnÂ’t have — and it lost."
In what can only be termed comic understatement, the New York Times calls a $900B waste of taxpayer money “disappointing”. (In the same way they refer to World War II as “that bit of mid-20th century unpleasantness”.)
America's welfare empire. And Barack Hussein Obama rules as emperor over this domain. (Ferrara refers to a book I've linked in a previous book thread: Never Enough: America's Limitless Welfare State.)
Michael Barone opines further on the essential unsustainability of most defined-benefit systems. The basic problem with these systems is that actuaries cannot yet accurately predict the future more than five or six years ahead (and sometimes not even that far), and so they rely on (usually overoptimistic) rate-of-return calculations that turn out to be wildly off the mark. But these overoptimistic projections mean that people can contribute less (or nothing at all, if it is a shared plan), which is why there is a vested interest in assuming high rate of returns. In private pension plans, bankruptcy or a bail-out is the usual end-state; for sovereigns, collapse and penury. ("We have turned into a pension plan with an Army," is how one commentator put it.)
It bears repeating, too: We really suck at predicting the future.
Let's all welcome Australia to the Loyal Order of the Terminally Boned! A big hand for the new guy!
Finally, a public-service message -- if you operate on the distaff side of the law-and-order divide from time to time, you might want to be aware that your favorite bail bondsman may no longer accept the title on your crackhouse as collateral on your bail-bond.
[UPDATE 1]: Congressman Ryan's budget doesn't benefit the recliner-bound all that much, that's true. However, I consider that a advantage, not a drawback.
[UPDATE 2]: Fareed Zakaria: "The Chinese will keep buying our debt! They have nowhere else to go!" China: "We might stop buying your debt." Fareed Zakaria: "...aw, shit."
[UPDATE 3]: Maxed-out America. (Via Insty.)
"Stop! Stop! You're killin' me with the DOOM! vibe, man!"

Posted by: Monty at
05:20 AM
| Comments (224)
Post contains 363 words, total size 4 kb.
Posted by: phoenixgirl at April 25, 2011 05:23 AM (eOXTH)
As for the welfare State, it will continue right up until the government collapses because the Dems own it and the Repubs are scared to mess with it.
Posted by: Vic at April 25, 2011 05:23 AM (M9Ie6)
Most have gone to the "cash balance" system (which is what I have). It sucks compared to the old system but it is better than nothing.
Guess which companies still have the old system? if you said union you would be correct and that includes the government.
Posted by: Vic at April 25, 2011 05:26 AM (M9Ie6)
Doom! DOOM! DOOOOOOM!
That's the scene from LOTR right? Where those guys are so totally bon...
Oh yeah, I see your point.
Posted by: Hussein the Plumber at April 25, 2011 05:26 AM (jx2j9)
Posted by: Monty at April 25, 2011 05:27 AM (/0a60)
Posted by: Lady in Black at April 25, 2011 05:32 AM (usvhr)
Posted by: jeannie in MT at April 25, 2011 05:34 AM (4jYa7)
They, the politicians from both sides, and the leftleaning spox and economists, that what we fear isn't going to happen.
It keeps happening!
The visual keeps popping into my mind where the Borg Queen tells Picard, “Watch your future’s end.”
WeÂ’re all Picard now!
Posted by: Hussein the Plumber at April 25, 2011 05:39 AM (jx2j9)
Posted by: Bill D. Cat at April 25, 2011 05:41 AM (npr0X)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 05:44 AM (jT08R)
Posted by: phoenixgirl at April 25, 2011 05:44 AM (eOXTH)
Posted by: phoenixgirl at April 25, 2011 05:45 AM (eOXTH)
Posted by: TheLastDJ at April 25, 2011 05:45 AM (ofeYG)
When we fix it, we will have long memories, pointy sticks and will be coming for you.
Posted by: Marcus at April 25, 2011 05:47 AM (CHrmZ)
Posted by: Average Joe at April 25, 2011 05:48 AM (bN5ZU)
Congress is setting up hearings and committees to "investigate" gas prices as if the government had, and has, nothing to do with the swirling porcelain whirlpool we find ourselves descending into.
Well served. That's exactly how I would describe us.
Posted by: Hussein the Plumber at April 25, 2011 05:48 AM (jx2j9)
As I see it, the biggest failure of the stimulus (in all its forms) has been that it has been used to purchase nothing but overhead. The token efforts at infrastructure improvements were largely waste projects (bike paths and other useless crap), or paying for projects already undertaken by the states. Most dollars went to maintaining employment in government that already existed - not for creating anything new. Had the state governments been forced to shrink and eliminate bureaucrats and other excess workers, and had the stimulus spending gone to something useful and productive, the results would have been better, at least short term, and given us a breather to work out the serious policy problems we're facing.
The Fed is doing nothing more than using the very limited tools at its disposal to try (perhaps in vain) hold things together. The real blame for our problems rests on the federal government and its inability to spend wisely.
Regardless, I remain concerned that our leaders will do little other than fight over spending. I see no progress being made to eliminate wasteful regulation, nor to improve our energy supplies, or any other improvement that will actually provide a better private economy. That's the real problem. Unemployment will remain bad until those corrections are made. Even if we get the budget cuts we want, the confidence fairies will not be enough to prevent the additional leg down in employment that cutting off spending will create.
Posted by: Reactionary at April 25, 2011 05:48 AM (xUM1Q)
Posted by: Fritz at April 25, 2011 05:49 AM (GwPRU)
via Drudge: Lightning striking at White House on Easter night...
Jesus is coming and he is pissed.
Posted by: CanaDave at April 25, 2011 05:50 AM (6FX+Y)
Posted by: Marcus at April 25, 2011 09:47 AM (CHrmZ)
I like the way you think. It's nice to have some hopeful words now and then.
Posted by: Reactionary at April 25, 2011 05:51 AM (xUM1Q)
Posted by: Dave in Fla at April 25, 2011 05:52 AM (nsN4E)
Posted by: Monty at April 25, 2011 05:53 AM (/0a60)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 05:53 AM (jT08R)
Would be nice. So of course, there's no way it can possibly be legit...
Posted by: AoSHQ's worst commenter, DarkLord© at April 25, 2011 05:55 AM (GBXon)
Posted by: Rocks at April 25, 2011 05:56 AM (th0op)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 09:53 AM (jT08R)
Yes, it's called a death certificate.
Posted by: Rocks at April 25, 2011 05:57 AM (th0op)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 05:58 AM (jT08R)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 09:58 AM (jT08R)
All you bases are belong to us. China.
Posted by: The Federal Government at April 25, 2011 06:00 AM (th0op)
Posted by: The IRS at April 25, 2011 06:01 AM (i6RpT)
Posted this over in the Headlines thread, but seeing the mention of Paul Ryan above I thought it worthwhile to move it over here, too. The left really DOESN'T understand anything, does it? Like the fact that wanting to rein in spending and restore a little fiscal sanity doesn't make you evil.
----
HuffWatch has released a new report about death threats being posted in HuffPo comments by a serial lefty whackjob:
Our newest special report documents the fact that for the third time in two months, HuffPost has allowed one of its most long-term, threat-spewing, radical leftist Moderators to return to the site, after banning him. These bans occurred almost immediately after our reports on HuffPost's and his actions were published, in December 2010 and February 2011.
So much for new tone.
Disturbingly, this loon appears to have developed a particularly virulent hatred for Paul Ryan, and has intimated several times that he lives near Ryan's district and plans on "infiltrating" a Ryan event. In light of the Tucson massacre, I think this psycho needs a visit from the police.
H/T PJ Tatler
Posted by: MWR at April 25, 2011 06:02 AM (4df7R)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 09:58 AM (jT08R)
No one individual will be fingered for any specific dollar figure. But you can rest assured that no matter how you parse the semantics, we're all on the hook. You can't escape taxes, and it's not like some portion of your personal taxes go to fund specific things, debt or otherwise. They don't.
Go ahead and try to pay only part of your taxes. I do wish you luck. But personally I think you'll be disappointed with the results.
Posted by: Reactionary at April 25, 2011 06:03 AM (xUM1Q)
Posted by: Tattoo De Plane at April 25, 2011 06:04 AM (mHQ7T)
Posted by: Empire of Jeff at April 25, 2011 06:04 AM (W7Ddq)
You'll want to read this!
Posted by: laceyunderalls at April 25, 2011 06:05 AM (pLTLS)
You know what's particularly sad about the gas price map posted by sig over on the Headlines thread? The fact that the low end of the scale is "< $3.50." That's just... pathetic. When the BEST you can hope for is still more than $3/gal, it's time to start hoarding ammo, food, and assless leather chaps.
Posted by: MWR at April 25, 2011 06:06 AM (4df7R)
Is that the same Fareed Zakharia who declared Paul Ryan's Debt Reduction plan an unserious proposal but then two days later declared Obama's debt reduction plan a serious proposal.
You see, when you raise taxes it means you're proposal is serious.
Posted by: Ben at April 25, 2011 06:07 AM (wuv1c)
Posted by: The DNC at April 25, 2011 06:07 AM (mHQ7T)
Posted by: joncelli at April 25, 2011 06:07 AM (RD7QR)
Posted by: I'mWithStupid at April 25, 2011 06:07 AM (xhNbo)
Posted by: Quilly Mammoth at April 25, 2011 06:08 AM (EcAS1)
it's time to start hoarding ammo, food, and assless leather chaps.
I think all morons know that chaps are by nature assless.
Posted by: Ben at April 25, 2011 06:08 AM (wuv1c)
Posted by: phoenixgirl at April 25, 2011 06:08 AM (eOXTH)
Posted by: Monty at April 25, 2011 09:53 AM (/0a60)
I compare QE2 to the Hindenburg. The only thing it is "easing" us towards is an economic disaster. Prices are soaring and the Dollar is so diluted it is getting dangerous. I think they have actually created the perfect storm.
The only thing left is for major debt holder to start shedding our debt and there are some signs that may be selectively happening.
Posted by: Marcus at April 25, 2011 06:09 AM (CHrmZ)
Supreme Court Rejects Virginia Request for Review of Health Care Law
Breaking from Fox, no details yet...
Posted by: AoSHQ's worst commenter, DarkLord© at April 25, 2011 06:09 AM (GBXon)
via blogprof
Posted by: huerfano at April 25, 2011 06:09 AM (6zFxS)
"The top 1 percent own 35 percent of the nation's wealth and their share of income is 20 percent."
i hate this too. Wealth is made/created, not "owned" in the merchantilist sense.
It's not a pie static in size that we all take a slice from.
Posted by: Ben at April 25, 2011 06:10 AM (wuv1c)
Posted by: Dr. Heinz Doofensmirtz at April 25, 2011 06:10 AM (jT08R)
Supreme Court Rejects Virginia Request for Review of Health Care Law
Breaking from Fox, no details yet...
So it's unconstitutional? If the supreme court won't hear it, does that mean the Florida and Virginia rulings stand?
Posted by: Ben at April 25, 2011 06:10 AM (wuv1c)
Posted by: That liberal response you've come to know and loathe at April 25, 2011 06:12 AM (RD7QR)
Meanwhile - creepy democrats are doing what they do best - LIE.
San Fran leftwing luntic and destroyer of whole nations - Nancy Pelosi is out there lying that Paul Ryan wants to destroy medicare by... you know - trying to actually fix it. and then she spews the same lefty lie about giving tax breaks to the rich. All while Obama doens't even pay his fair share.
Posted by: Lemon Kitten at April 25, 2011 06:13 AM (0fzsA)
Posted by: Monty at April 25, 2011 06:13 AM (/0a60)
No offense, but why should they believe that? Your countrymen are ADD-afflicted and passive. they're happy being BONED. There will be no pushback.
Posted by: glowing blue meat at April 25, 2011 06:14 AM (K/USr)
So it's unconstitutional? If the supreme court won't hear it, does that mean the Florida and Virginia rulings stand?
Posted by: Ben at April 25, 2011 10:10 AM (wuv1c)
I don't know. Wasn't this a request for an expedited ruling? Maybe they are just saying they have to go through the whole process.
Posted by: Rocks at April 25, 2011 06:14 AM (th0op)
Posted by: Tattoo De Plane at April 25, 2011 06:14 AM (mHQ7T)
Posted by: nevergiveup at April 25, 2011 06:14 AM (i6RpT)
Posted by: nevergiveup at April 25, 2011 06:15 AM (i6RpT)
Posted by: Lady in Black at April 25, 2011 06:15 AM (usvhr)
Posted by: AoSHQ's worst commenter, DarkLord© at April 25, 2011 06:16 AM (GBXon)
Just wondering, is all.
Posted by: I'mWithStupid at April 25, 2011 10:07 AM (xhNbo)
That would be from fear of being called a RAAAAACISSST if you don't approve of Preznit Obammy. But most people can't name 1/100th of Congress, let alone their racial makeup, so it's an approval free-for-all.
Posted by: MWR at April 25, 2011 06:16 AM (4df7R)
Posted by: nevergiveup at April 25, 2011 06:16 AM (i6RpT)
Yes, I believe it is called a renunciation of citizenship. And if I'm not mistaken, you have to pay to leave....
Posted by: glowing blue meat at April 25, 2011 06:16 AM (K/USr)
I think all morons know that chaps are by nature assless.
Posted by: Ben at April 25, 2011 10:08 AM (wuv1c)
This is true.
Posted by: MWR at April 25, 2011 06:17 AM (4df7R)
Depends on what the appeals court rules. They didn't think expedited review would happen anyway.
Posted by: Vic at April 25, 2011 06:17 AM (M9Ie6)
Posted by: Tattoo De Plane at April 25, 2011 06:18 AM (mHQ7T)
Posted by: Meanchelle at April 25, 2011 06:19 AM (mHQ7T)
Posted by: AoSHQ's worst commenter, DarkLord© at April 25, 2011 06:19 AM (GBXon)
Hence the war on the "rich". It reminds me of that thing Ronald Reagan used to say about how leftists couldn't see a fat man standing next to a thin man without feeling as though the fat man had somehow taken advantage of the thin man in some way.
Yeah, that was from his Time for Choosing speech, which was his best in my opinion.
Posted by: Ben at April 25, 2011 06:20 AM (wuv1c)
Posted by: Meanchelle at April 25, 2011 10:19 AM (mHQ7T)
You've had enough pie. You can't have mine!
Posted by: DarkLord© likes...pie! at April 25, 2011 06:20 AM (GBXon)
Thanks, SCOTUS! *headdesk*
Well, an expedited hearing was just a dream made out of fairy dust and unicorn glitter anyway. *sigh*
Posted by: MWR at April 25, 2011 06:20 AM (4df7R)
Posted by: Tattoo De Plane at April 25, 2011 06:20 AM (mHQ7T)
Posted by: joncelli at April 25, 2011 06:21 AM (RD7QR)
Who WOULDN'T see printing more currency to devalue the dollar so you can buy up the overspending and maintain your profligate waste in a shaky world economy as a GOOD idea?
Posted by: nickless at April 25, 2011 06:22 AM (i3VkX)
Posted by: Grim at April 25, 2011 06:22 AM (gyNYk)
Posted by: Rocks at April 25, 2011 06:23 AM (th0op)
Posted by: joncelli at April 25, 2011 06:24 AM (RD7QR)
Posted by: polynikes at April 25, 2011 06:25 AM (IEZ0J)
Posted by: joncelli at April 25, 2011 06:26 AM (RD7QR)
Posted by: Empire of Jeff at April 25, 2011 06:28 AM (W7Ddq)
Posted by: polynikes at April 25, 2011 06:28 AM (IEZ0J)
Who WOULDN'T see printing more currency to devalue the dollar so you can buy up the overspending and maintain your profligate waste in a shaky world economy as a GOOD idea?
Posted by: nickless at April 25, 2011 10:22 AM (i3VkX)
Heh, ain't it the truth!
Of course, I'd like to direct everyone's attention to Zombie's blog post over at PJM from 4/23, chronicling Teh Won's trip to SanFran. Allow me to quote Zombie's quote from one of the Preznit's supporters:
"Pay especial attention to the segment starting at 2:05, in which one Obama voter proposes, in all seriousness, her solution to the U.S. going into debt: 'ThatÂ’s an absolute shame. And I donÂ’t think we need to borrow any money. We print the money. So why do we need to borrow the money? Just print some more!' Why didnÂ’t I think of that? Economics 101!"
*HEADDESK HEADDESK HEADDESK*
Posted by: MWR at April 25, 2011 06:29 AM (4df7R)
Posted by: eman: Japanese Babe Rescue Team at April 25, 2011 06:30 AM (x/Gxz)
Posted by: Quilly Mammoth at April 25, 2011 06:31 AM (EcAS1)
http://tinyurl.com/4373jlh
Posted by: Quilly Mammoth at April 25, 2011 06:33 AM (EcAS1)
Posted by: joncelli at April 25, 2011 06:33 AM (RD7QR)
Posted by: eman: Japanese Babe Rescue Team at April 25, 2011 06:33 AM (x/Gxz)
Posted by: joncelli at April 25, 2011 06:34 AM (RD7QR)
Filed under, “Stuff You Already Know.” (Subtitled, “Smart Diplomacy”)
Posted by: Hussein the Plumber at April 25, 2011 06:34 AM (jx2j9)
We take all of the douche-bags in congress and put them on a Japanese style game-show where they have to eat live bugs and get kicked repeatedly in the nuts amongst other things to win prizes keep their jobs. The event will last several years and be broadcast on world wide pay per view.
We just need a catchy name...
Posted by: Lemmiwinks at April 25, 2011 06:35 AM (pdRb1)
Unless their own green-tards quell their natural gas production.
Posted by: Kratos (Ghost of Sparta) at April 25, 2011 06:35 AM (9hSKh)
From Christan Coalition Website:
OLD VERSION:The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away. Come winter, the ant is warm and well fed. The grasshopper has no food or shelter, so he dies out in the cold.
MODERN VERSION:
The ant works hard in the withering heat and the
rain all summer long building his house and laying up supplies for the
winter. The grasshopper thinks the ant is a fool and laughs and dances
and plays the summer away. Come winter, the shivering grasshopper calls a
press conference and demands to know why the ant should be allowed to
be warm and well fed while he is cold and starving.
CBS, NBC , PBS, CNN, and ABC show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food. America is stunned by the sharp contrast.
How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so? Kermit the Frog appears on Oprah with the grasshopper and everybody cries when they sing, 'It's Not Easy Being Green.'
ACORN stages a demonstration in front of the ant's house where the news stations film the group singing, "We shall overcome." Then Rev. Jeremiah Wright has the group kneel down to pray to God for the grasshopper's sake. President Obama condemns the ant and blames President Bush, President Reagan, Christopher Columbus, and the Pope for the grasshopper's plight.
Nancy Pelosi & Harry Reid exclaim in an interview with Larry King that the ant has gotten rich off the back of the grasshopper, and both call for an immediate tax hike on the ant to make him pay his fair share. Finally, the EEOC drafts the Economic Equity & Anti-Ant Act retroactive to the beginning of the summer.
The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar and given to the grasshopper.
The story ends as we see the grasshopper and his free-loading friends finishing up the last bits of the ant's food while the government house he is in,which as you recall, just happens to be the ant's old house, crumbles around them because the grasshopper doesn't maintain it.
The ant has disappeared in the snow, never to be seen again. The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorize the ramshackle, once prosperous and once peaceful, neighborhood. The entire Nation collapses bringing the rest of the free world with it.
Posted by: The Robot Devil at April 25, 2011 06:37 AM (136wp)
We're pretty close.
Posted by: DarkLord© likes...pie! at April 25, 2011 06:37 AM (GBXon)
Posted by: joncelli at April 25, 2011 06:38 AM (RD7QR)
Posted by: polynikes at April 25, 2011 10:25 AM (IEZ0J)
I still say that we should start charging the rest of the world for every boot we put on the ground, plane we put in the air, ship we set sail, and piece of armament or tactical weapons technology we deploy on their behalf in any kind of combat situation. The French and British want to use our military to bomb Libya? Fine. Pay us, or forgive our debt in corresponding amounts. UN wants to use Americans as "peacekeepers" in some African hell hole? Pay us. Shipping lanes in the Indian Ocean want to depend on the US Navy to keep pirates at bay (not that this is working out all that great)? Fine. Pay us.
I would, however, recommend NOT charging for humanitarian relief, such as our military has provided in Japan in the aftermath of the earthquake and tsunami. We're a charitable nation by nature. But if we're going to keep acting as the world's policemen we need to get compensated in one way or another.
Posted by: MWR at April 25, 2011 06:39 AM (4df7R)
Posted by: eman: Japanese Babe Rescue Team at April 25, 2011 10:33 AM (x/Gxz)
That would imply the Government is self-aware. If only.
Posted by: MWR at April 25, 2011 06:40 AM (4df7R)
One thing I could never stand was to see a filthy, dirty old drunkie, howling away at the filthy songs of his fathers and going blerp, blerp in between, as it might be a filthy old orchestra in his stinking rotten guts. I could never stand to see anyone like that, whatever his age might be, but more especially when he was real old like this one was.
Goober'sreaction to Ed Schultz.
Posted by: Ginormous Goober DeLarge at April 25, 2011 06:43 AM (Q5+Og)
Posted by: MWR at April 25, 2011 10:39 AM (4df7R)
And at a profitable rate, too. No getting 50% or 75% of the cost of military action. Especially for garrisoning Europe and South Korea. They can pay us or watch us leave.
Posted by: Josef K., Roman Catholic Troll at April 25, 2011 06:43 AM (7+pP9)
Posted by: Mr Pink at April 25, 2011 06:46 AM (50AER)
Posted by: Dave in Fla at April 25, 2011 06:46 AM (nsN4E)
Posted by: millionaires defending the death tax at April 25, 2011 06:47 AM (cL0J2)
Posted by: Mary Clogginstein from Brattleboro, VT at April 25, 2011 06:48 AM (By4wu)
Symbolic, indeed...
Posted by: AoSHQ's worst commenter, DarkLord© at April 25, 2011 06:48 AM (GBXon)
Posted by: Unclefacts Luxury-Yacht at April 25, 2011 06:50 AM (6IReR)
Gotcha, smartass! Estate Tax!
Posted by: millionaires defending the death tax at April 25, 2011 10:47 AM (cL0J2)
That isn't the dead guy's concern.
Posted by: Rocks at April 25, 2011 06:51 AM (th0op)
Posted by: Mr Pink at April 25, 2011 10:46 AM (50AER)
Place blame where blame belongs. The stupidity of the American electorate brought this plague. We earned it, we deserve it, we will endure it.
Posted by: maddogg at April 25, 2011 06:52 AM (OlN4e)
We take all of the douche-bags in congress and put them on a Japanese style game-show where they have to eat live bugs and get kicked repeatedly in the nuts amongst other things to win prizes keep their jobs. The event will last several years and be broadcast on world wide pay per view.
We just need a catchy name...
Posted by: Lemmiwinks at April 25, 2011 10:35 AM (pdRb1)
THIS.
For a little cultural flavor, we could call it, "Batsu!" The show's logo can be a couple of stick figures, one of whom (labeled "Constituent") is wearing a really big boot. The other (labeled "Politician") can be huddled in a sniveling little ball, preparing to be booted by the Constituent.
(Batsu has a few different meanings, but in most of the Japanese game shows and variety shows I watch it translates to "punishment." One of the more common punishments I see is dropping a sturdy metal washpan on the offender's head. The Japanese are... well, very Japanese.)
Or we could go for the Reality TV approach and call it something like "Dream Job!" Because all these Congress Critters got elected and imagined it would be a dream job of endless perks and power, when in fact they end up getting kicked in the shins repeatedly by pissed off voters wearing steel-toed boots.
Posted by: MWR at April 25, 2011 06:52 AM (4df7R)
I always thought "distaff" meant "female." Have I been wrong all these years?
Posted by: BeckoningChasm at April 25, 2011 06:53 AM (081kp)
Posted by: BeckoningChasm at April 25, 2011 10:53 AM (081kp)
no, it refers to the female side of a family.
Posted by: Unclefacts Luxury-Yacht at April 25, 2011 06:55 AM (6IReR)
--
That's you kidding, right? You're kidding. Or insane?
Retaking control of the gulf oil fields ends all these problems. It places a hard backing to the currency (if done correctly, though I have doubts about that being pulled off by the retards that inhabit Washington) along with taking out, in one fell swoop, just about 98% of all threats emanating from the arab/persian/muslim world, and that includes political as well as physical threats.
I'm betting insane - or really naive. We cannot even conduct a war in Afghanistan with no oil assets to protect. You plan on drafting a few million young men to protect those oil fields?
Posted by: Chi-Town Jerry at April 25, 2011 06:56 AM (f9c2L)
NONE of the justices excused themselves from the ruling.
Posted by: Vic at April 25, 2011 06:57 AM (M9Ie6)
it refers to the female side of a family.
Posted by: Unclefacts Luxury-Yacht at April 25, 2011 10:55 AM (6IReR)
To be fair, it's branched out in recent years to become a descriptor of the female side of just about anything, like sporting events, etc.
Posted by: MWR at April 25, 2011 06:58 AM (4df7R)
I'm betting insane - or really naive.
Wow. ShyTownGerri calling IKtL naive...
never had popcorn with my coffee before.
Posted by: garrett at April 25, 2011 06:59 AM (spbRY)
I hope the rat is ok.
Posted by: garrett at April 25, 2011 10:51 AM (spbRY)
I wonder whatever happened to that little rodent? I was rooting for it, whatever it was. It looked more like a vole to me than a rat. Either way I felt it had more class and dignity than the actual rat in the Oval Office.
Posted by: MWR at April 25, 2011 07:01 AM (4df7R)
No, it was the stupidity of the people who vot6ed for the 24th amendment with the BS all inclusive wording at the end.
That assured that the plunderers could vote themselves a living. There will always be more plunderers than producers when the government is ruled by the plunderers.
Posted by: Vic at April 25, 2011 07:01 AM (M9Ie6)
Posted by: blaster at April 25, 2011 10:51 AM (l5dj7)
I forgot all about that movie. Looking back now that seems like a prophecy.
Posted by: Lemmiwinks at April 25, 2011 07:01 AM (pdRb1)
To be fair, it's branched out in recent years to become a descriptor of the female side of just about anything, like sporting events, etc.
Posted by: MWR at April 25, 2011 10:58 AM (4df7R)
probably so, but I've tried to make it a habit the last couple years to stop helping the destruction of the language.
Posted by: Unclefacts Luxury-Yacht at April 25, 2011 07:02 AM (6IReR)
1. Announce we will not intervene in Syria.
2. Syria starts the slaughter.
3. Send strongly worded letter.
4. Syria picks up the slaughter pace.
5. So now we are considering.....OMG....sanctions!
6. Profit.
Posted by: Guy Fawkes at April 25, 2011 07:03 AM (IXLvN)
Posted by: PJ at April 25, 2011 07:03 AM (POf3u)
Clement firm drops DOMA case
The statement is silent on the reasons for the decision, but the firm faced protests at its Atlanta office and a national campaign against it. And now the House majority is looking for a new lawyer.
Posted by: Rocks at April 25, 2011 07:04 AM (th0op)
Kinda ot, but evidences another reason why we are doomed...
As with St. Pancake, “the narrative” is handily employed in the beatification of a new saint.
Posted by: Hussein the Plumber at April 25, 2011 07:05 AM (jx2j9)
Posted by: PJ at April 25, 2011 11:03 AM (POf3u)
I think someone calculated that on a Doom thread last week. I seem to remember they came up with 12%.
Posted by: Tami at April 25, 2011 07:05 AM (VuLos)
Clement firm drops DOMA case
The statement is silent on the reasons for the decision, but the firm faced protests at its Atlanta office and a national campaign against it. And now the House majority is looking for a new lawyer.
Posted by: Rocks at April 25, 2011 11:04 AM (th0op)
Everyone, hey! Hey, come look! Come see all these idiot protesters trampling the rule of law and order! YAY! Thanks, President Obama! Thanks for opting to no longer carry out the duties of your office! This is great!
Posted by: MWR at April 25, 2011 07:06 AM (4df7R)
Posted by: comatus at April 25, 2011 07:08 AM (W5ilH)
Posted by: Smart Ass Obama at April 25, 2011 07:09 AM (mka2b)
Posted by: PJ at April 25, 2011 11:03 AM (POf3u)
I think someone calculated that on a Doom thread last week. I seem to remember they came up with 12%.
Posted by: Tami at April 25, 2011 11:05 AM (VuLos)
It's not inflation, it's the Fed de-valuing the dollar (same effect - different cause). By making dollars cheap, multi-national businesses can reap profits (ala GE) overseas.
Posted by: The Robot Devil at April 25, 2011 07:09 AM (136wp)
But, I guess it is better to simply surrender above board than it is to put in one of those "non-defense defenses" like they have done in the past.
Posted by: Vic at April 25, 2011 07:10 AM (M9Ie6)
Has anyone computed the real inflation rate for consumers?
While we're at it...anyone got a link to my daughters porn?
Posted by: Laurence Fishburne at April 25, 2011 07:10 AM (spbRY)
Posted by: comatus at April 25, 2011 07:11 AM (W5ilH)
http://tinyurl.com/mg6z5
Posted by: Vic at April 25, 2011 11:07 AM (M9Ie6)
I know most food items in Oregon have gone up 30-50% in the last 6 months. Of course none of this has anything to do with our stoopid voters deciding to raise taxes on business owners and the rich.
"Oregon Voters Tax the Rich.....Poor People Hardest Hit"
Posted by: Lemmiwinks at April 25, 2011 07:12 AM (pdRb1)
Look at this map of Libya alone: http://tli.tl/hetm44
Lybya - which is a fairly small producer compared to others - has oil fields spread all over the place. Add to that the refineries which must be protected - as well as staffed, unless you plan on staffing all the oil fields with Americans as well - and the ports (same thing?).
Now - you are going to capture and hold all those locations - and keep the oil flowing without disruption?
And then you are going to repeat that with American personnel in all the other Middle East oil producing countries???
Posted by: Chi-Town Jerry at April 25, 2011 07:12 AM (f9c2L)
Posted by: comatus at April 25, 2011 11:08 AM (W5ilH)
I don't know.
Posted by: Rocks at April 25, 2011 07:16 AM (th0op)
Posted by: Mary Clogginstein from Brattleboro, VT at April 25, 2011 07:18 AM (By4wu)
You guys see the light at the end of the tunnel? I've got good news, and I've got bad news.
The good news is that's not a train.
The bad news is it's not sunlight either. It may be related to sunlight, but its source is far closer than 93 million miles (or inches, or millimeters, though it's probably just a bit further out than 93 million microns given the heat wave didn't evaporate us).
Posted by: steveegg at April 25, 2011 07:19 AM (o44nj)
Posted by: iknowtheleft at April 25, 2011 10:45 AM (G/MYk)
As unpalatable as this may seem, it rings true. The next 30 years is going to be a blood letting, head chopping lollapalooza. This economic shit always ends in a WW. Our generation isn't gonna escape it, and we as a nation are ill prepared, unwilling even, to do what is necessary to win.
Posted by: Derak at April 25, 2011 07:20 AM (CjpKH)
I don't see any raised hands. Blame the retards and waterheads who did vote for him.
Posted by: A Balrog of Morgoth at April 25, 2011 07:20 AM (oDMwn)
Posted by: JackStraw at April 25, 2011 07:23 AM (TMB3S)
Posted by: Derak
Oh bullshit. How about not walking away from the table before the wheel has even stopped spinning? Even a casual review of our history suggests we can move from unwillingness to fervor pretty damned quickly.
Posted by: A Balrog of Morgoth at April 25, 2011 07:23 AM (oDMwn)
Posted by: Miss'80sBaby at April 25, 2011 07:24 AM (170sK)
Posted by: A Balrog of Morgoth at April 25, 2011 07:25 AM (oDMwn)
Posted by: eman: Japanese Babe Rescue Team at April 25, 2011 07:25 AM (x/Gxz)
Posted by: A Balrog of Morgoth at April 25, 2011 07:26 AM (oDMwn)
I love the Der Spiegel article in the sidebar. You can FEEL the liberal gall at having to write about these "nationalist" parties that are springing up and "unexpectedly" making big gains in elections all over Europe. I mean, this is just the teaser (emphases mine):
The success of the True Finns in last week's Finnish elections has shocked Brussels. They are just one of a number of right-wing populist parties currently flourishing in Europe. Their rise could threaten the euro bailout.
Ohhh, you mean Europeans are starting to think that maybe they don't want their hard earned money going to bailout countries like Portugal, with only a 25% high school graduation rate? They're finally figuring out that letting some faraway bureaucrat in Belgium decide their nation's fiscal policy isn't a good idea? And they're starting to listen to the people who have been saying this for a long time? Gosh, what a shock.
Until now, the small country in the far northeastern corner of the continent was seen as a model member of the European Union. (MWR - That's some praise there, Der Spiegel. *gag*) It was known for its successful export-oriented companies, liberal social policies and the best-performing school students in the Western industrialized world. (MWR - That sentence reads so badly. It sounds like they've got the best students in performing schools, not the best-performing students, period. The "school" is redundant. But I digress.) It is ironic (MWR - Is it?) that it is here in Finland -- a part of Europe that always seemed eminently European (MWR - What?) -- that a movement is now coming to power that inveighs against immigrants and abortions (MWR - Oooh, scary!), considers Brussels to be the "heart of darkness" (MWR - Justifiably so) and rejects all financial assistance for what it calls "wasteful countries," like Greece, Ireland and Portugal (MWR - So-called because they are wasteful countries. Imagine that.) "We were too soft on Europe," says Soini, adding that Finland should not be made to "pay for the mistakes of others."
Ahhh, I love it. I love the smell of left-wing tears in the morning. Smells like victory!
(And also Lutefisk. This is Scandinavia, after all)
Posted by: MWR at April 25, 2011 07:27 AM (4df7R)
Posted by: ShyTown Gerri at April 25, 2011 11:23 AM (spbRY)
I was bummed out when she came out of the closet. I always wanted to be with a chick who would shake when I screwed her.
Posted by: Quilly Mammoth at April 25, 2011 07:28 AM (EcAS1)
We spent the better part of an open thread last week discussing various items that have jumped in price. Some are huge.
Posted by: Vic at April 25, 2011 07:28 AM (M9Ie6)
Posted by: A Balrog of Morgoth at April 25, 2011 07:32 AM (oDMwn)
Posted by: AmishDude at April 25, 2011 07:32 AM (T0NGe)
Posted by: Ben Bernanke at April 25, 2011 07:34 AM (AZGON)
Posted by: Mr Pink at April 25, 2011 07:35 AM (50AER)
Not that I want a nuclear attack, obviously, though I could see the "silver lining of the dark cloud" utility of a failed attempt on one of our nests of libtardism to maybe wake some of those fuckers up to just what we are dealing with here.
Posted by: A Balrog of Morgoth at April 25, 2011 07:36 AM (oDMwn)
Posted by: A Balrog of Morgoth at April 25, 2011 07:37 AM (oDMwn)
Posted by: Miss'80sBaby at April 25, 2011 07:37 AM (170sK)
You seem to prefer that the
arab/persian/muslim world holds the tap on the lifeblood of the world
and uses the money it derives from that tap in order to threaten and
attack us and our interests and to destabilize the civilized world in
order to make way for their primitive supremacy. Okey doke.
------------
Not at all. But if you are really concerned about "our lifeblood", try getting some facts correct.
12% of US oil used comes from the middle east. 12%. Most of the imports come from Mexico, Venezuela and Canada.
Rather than starting a world war and needing to defend widepsread assets for decades to come, why not simply drill more here. 12%. Fuck 'em. And fuck the rest of the world. If they depend on the Middle East for oil more than we do, let them spend the money to defend and/or takeover those places. It's not our fucking job. Fuck England. Fuck France, Germany and all the rest of 'em. Let them stand up and protect their interests. China too. Where's China forces protecting the Middle East oil fields? I bet they depend on that oil more than we do.
Posted by: Chi-Town Jerry at April 25, 2011 07:38 AM (f9c2L)
Hey, you know what's kind of awesome in the UK? Even though polygamy is illegal, and bigamy alone is punishable by up to 7-years in jail, if you do happen to find yourself in a polygamous marriage (entered into in another country), you can get up to £$10,000 a year in financial assistance.
For breaking the law.
Of course, we can all guess which ethnic population is most prone to polygamy.
H/T Five Feet of Fury
Posted by: MWR at April 25, 2011 07:38 AM (4df7R)
Posted by: TurboTaxTimmy at April 25, 2011 07:38 AM (o44nj)
Posted by: Mr Pink at April 25, 2011 07:39 AM (50AER)
Posted by: joncelli at April 25, 2011 07:41 AM (RD7QR)
What the fuck is BO looking at and Can YOU Spot the SS?
Think there is a giant mirror on the wall?
Posted by: momma at April 25, 2011 07:42 AM (penCf)
Posted by: Tattoo De Plane at April 25, 2011 07:44 AM (mHQ7T)
Posted by: Donald Trump at April 25, 2011 07:44 AM (Ai494)
Posted by: Monty at April 25, 2011 07:44 AM (/0a60)
Posted by: Ben Bernanke at April 25, 2011 07:44 AM (AZGON)
Posted by: Tattoo De Plane at April 25, 2011 07:45 AM (mHQ7T)
Posted by: JackStraw at April 25, 2011 07:46 AM (TMB3S)
Even More Good News: Hundreds of High Risk Terrorists Released From Gitmo...
Good News!! Hundreds of Taliban escape from southern Afghan Kandahar prison (Bonus: Email the Taliban)
Posted by: momma at April 25, 2011 07:47 AM (penCf)
Posted by: Monty at April 25, 2011 07:48 AM (/0a60)
Posted by: George Orwell at April 25, 2011 07:49 AM (AZGON)
Detroit Transit Appeals Our Free Speech Victory Verdict on Freedom Buses
Seeks to Impose Sharia (Blasphemy) Laws on Dearborn Buses
Posted by: momma at April 25, 2011 07:49 AM (penCf)
Oil is a fungible commodity, though. We buy our oil, as does most of the world, on the generalized oil market, not from individual sellers. We don't buy "Canadian" oil or "Mexican" oil; we just buy oil.
Of course, if the refiner/seller of that crude pumped it from a field it owns, it wouldn't really matter how much it costs on the generalized oil market. The problem is, the only places where that's possible are on a significant scale are the US and Canada, and we're so fucking stupid that we won't let anybody drill.
Posted by: steveegg at April 25, 2011 07:49 AM (o44nj)
We will get a real good idea after that pc whether or not we will have a QE3.
Posted by: momma at April 25, 2011 07:50 AM (penCf)
Posted by: Monty at April 25, 2011 07:51 AM (/0a60)
Posted by: A Balrog of Morgoth at April 25, 2011 07:51 AM (oDMwn)
Posted by: Tattoo De Plane at April 25, 2011 07:52 AM (mHQ7T)
Teachers With Conviction Actually, let's call it teachers with convictions. But hey, they do it for the children or something:
More than 500 teachers convicted of crimes in the last five years -- from drunken driving to assault to manslaughter -- are still skulking around the schools because the Department of Education is hamstrung from getting rid of them.
Only those with sex-related convictions can be given the boot immediately -- but the rest of the rogues' gallery gets to continue teaching throughout the arduous process of disciplinary hearings, according to records obtained by The Post.
Posted by: momma at April 25, 2011 07:55 AM (penCf)
Posted by: A Balrog of Morgoth at April 25, 2011 07:57 AM (oDMwn)
So...Happy Easter Monday.
Posted by: Guy Fawkes at April 25, 2011 07:57 AM (IXLvN)
Teachers With Conviction Actually, let's call it teachers with convictions. But hey, they do it for the children or something:
More than 500 teachers convicted of crimes in the last five years -- from drunken driving to assault to manslaughter -- are still skulking around the schools because the Department of Education is hamstrung from getting rid of them.
Only those with sex-related convictions can be given the boot immediately -- but the rest of the rogues' gallery gets to continue teaching throughout the arduous process of disciplinary hearings, according to records obtained by The Post.
Posted by: momma at April 25, 2011 11:55 AM (penCf)
You don't understand. Unions protect the workers, the actual students - not so much. But it is "for the children"
Posted by: The Robot Devil at April 25, 2011 07:58 AM (136wp)
Nope. The media in Ohio, Pennsylvania, etc. has declared all out war against fraking which is sad because Ohio could use the revenue.
Posted by: momma at April 25, 2011 07:59 AM (penCf)
Rise of Right-Wing Populist Parties in Europe Could Threaten the EU
Those of us who have been saying the Euro is boned for some time saw this coming. The "Right Wing" which is in reality most often a nationalist movement holding many traditional values are on the rise, globally.
I think it is all a catastrophic push-back on liberal policies which have caused tremendous frustration to a previously silent majority, globally.
Both here and abroad, these "Right Wing" groups are the greatest threat to decades of relatively unchecked liberal policies. That is why universally the response had been to scare, cajole, obstruct, destroy and threaten any participants. It is interesting in the article they say formation of a European "Tea Party" will be the end of The EU.
But in reality, these groups have a vision of restoring traditional values and rescue us from the brink of our current liberal created malaise. That's a powerful vision that is catching on and stoking the imagination of common people everywhere. Ride the wave. Oh and John Boehner- that sound you hear is this giant tsunami. It wipes out everyone in it's path.
Posted by: Marcus at April 25, 2011 08:03 AM (+YR/n)
Posted by: momma at April 25, 2011 08:04 AM (penCf)
Posted by: Eric Holder, bravely discussing race at April 25, 2011 08:05 AM (AZGON)
Posted by: Monty
--------
Price wise you are correct. But oil is not a truly fungible economy, especially for the United States. Much of the oil we import is geographically constrained.
The fact is, the oil we import would not be easily re-routed anywhere else. Mexico has increased ownership interests in Texas refineries. The US refining capacties exceed most other countries. It would simply be impractical - and more expensive - for Mexican oil to go anywhere else. Canadian oil doesn't even need to be shipped. Pielines directly to the US means that oil is definitely not fungible.
So, for all practical purposes, US oil imports are mainly regional and will remain so.
Venezuelan oil comes to the US also because it is cheaper than shipping it halfway 'round the world, thus increasing profits for Venzuela.
Fungible market prices do not equal fungible supplies.
Posted by: Chi-Town Jerry at April 25, 2011 08:10 AM (f9c2L)
Posted by: Chi-Town Jerry at April 25, 2011 08:11 AM (f9c2L)
Posted by: Chuckit at April 25, 2011 08:13 AM (+KKl+)
94 What we need is a telethon to retire our debt
that's beautiful man, I'm inspired to reach back to the easter weekends of my youth with 3 channels:
"Suuuuuuu mmmmmmm where, ooooooooo vaaaaaaah the rainbow".
Bring out the gimps!
Posted by: Todd Bridges, first to go bad, last to go down at April 25, 2011 09:30 AM (qL20/)
We will get a real good idea after that pc whether or not we will have a QE3. Basically, it's a matter of which poison we are going to drink.
Posted by: JackStraw at April 25, 2011 11:46 AM (TMB3S)
Silver has gone parabolic. Imagine what happens to precious metals if he announces another round of printing?
I woke up today scared.
Posted by: Warden at April 25, 2011 09:38 AM (fVIlG)
Yes. There's this notion that the levers of control are held by the two parties engaging in said transaction, but as I've said before it all boils down to Profits and Earnings ratios.
Now, I know that this stuff gets pretty complicated for you folks so let me break it down--we need to balance the economy ... end the speculation ... make things more fair ... and that's what I intend to do.
Posted by: President Saystuff at April 25, 2011 09:57 AM (fVIlG)
Yes, I believe it is called a renunciation of citizenship. And if I'm not mistaken, you have to pay to leave....
Posted by: glowing blue meat at April 25, 2011 10:16 AM (K/USr)
$495 American and it takes 6 to 12 months to get the final certificate. And 2 interviews at the US consulate. You need to have citizenship in a second country before taking the oath. They won't let you be stateless.
And if you have many assets, expect a financial colonoscopy from the IRS on the way out as well as a final bill for all of your US assets. The IRS can be very tough if they believe you are leaving to escape taxes.
/since I knew......
Posted by: Canadian Infidel at April 25, 2011 10:21 AM (GKQDR)
Coupon clippin time!
Posted by: PJ at April 25, 2011 07:16 PM (POf3u)
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Posted by: Chuckit at April 25, 2011 05:22 AM (+KKl+)