November 28, 2012
— andy On the so-called "fiscal cliff", it seems like the last time we were being stampeded to do something now or there will be DOOM!!11! was the 2009 stimulus, and before that it was TARP. There's no way to prove the counterfactual, but it sure seems like we'd have been better off today without either of those ... the former in its entirety and the latter at the very least in the open-ended form it took.
Maybe I'm just in the "let it burn" mindset, but if it takes sequestration to get a spending cut, bring it on. And as far as letting the "Bush tax cuts" expire goes, maybe it takes that to move beyond "blame Bush". Plus, everyone knows that you can't just raise tax rates on the rich and generate enough tax revenue to close the gap to spending (skip to about 2:00 below if you're short on time).
As a matter of fact, we simply can't tax enough for D.C.'s spending appetite, so arguing about the details of who pays what is pointless. We've never collected more than 20% of GDP in tax revenues for any sustained period of time, and nothing indicates that we can do it now. Obamasized government's opening bet is about 25% of GDP. Good luck with that.
But, alas, this probably isn't going to happen. Our erstwhile guardians of the public fisc would rather explain why they did something ... even if it was the wrong thing ... than why they did nothing. So there will be a compromise, and it will kick the can down the road making the ultimate resolution of the problem even more painful.
There's no easy way out of the hole we've dug ourselves. The sooner we admit that, the better.
Posted by: andy at
04:25 AM
| Comments (181)
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Posted by: BCochran1981 at November 28, 2012 04:34 AM (da5Wo)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 04:35 AM (3Y7RV)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at November 28, 2012 04:35 AM (5DR1j)
Posted by: Stuff Vic Said, Vol 1 at November 28, 2012 04:36 AM (5DR1j)
Posted by: Morseus at November 28, 2012 04:37 AM (YWZwH)
Posted by: Andy at November 28, 2012 04:37 AM (OZPoa)
So the government won't even bother to try to make the sale- and blame each other for not doing so.
This will not end well...
Posted by: Nighthawk at November 28, 2012 04:37 AM (RSqz2)
Posted by: uterus cannon at November 28, 2012 04:37 AM (3ZtZW)
Posted by: soothsayer at November 28, 2012 04:38 AM (70Yu+)
Posted by: Ms Choksondik at November 28, 2012 04:39 AM (YOZSv)
Posted by: Schrödinger's cat [/i] at November 28, 2012 04:40 AM (feFL6)
Here's a question:
No, we haven't collected more than 20% in ever, but what was the average collection rate for teh USSR? I'm asking out of pure disinterest, of course.
Posted by: uterus cannon at November 28, 2012 04:40 AM (3ZtZW)
Posted by: Beaux Vine at November 28, 2012 04:40 AM (I2LwF)
Posted by: DangerGirl - feeling empty at November 28, 2012 04:41 AM (+kzsa)
Posted by: soothsayer at November 28, 2012 04:42 AM (70Yu+)
This is nothing a little (or a lot) inflation can't solve.
No wonder why Chuck Schumacker is getting anstsy over the tiny little start up bitcoin -- open source money. Throwing words around like money laundering.
If government couldn't control the money supply, oh boy then they'd have a problem. They'd actually have to collect what they spend.
Posted by: Guys guys guys at November 28, 2012 04:42 AM (qxcKC)
Posted by: Paladin at November 28, 2012 04:43 AM (LTquJ)
Posted by: soothsayer at November 28, 2012 08:42 AM (70Yu+)
More like Wednesday night. Budgeting be like hard work!
Posted by: Hrothgar - L.I.B or SMOD (for the Children) at November 28, 2012 04:43 AM (Cnqmv)
Posted by: Andy at November 28, 2012 04:44 AM (OZPoa)
“Government is like a baby: an alimentary canal with a big appetite at one end and no sense of responsibility at the other.”
― Ronald Reagan
Posted by: BCochran1981 at November 28, 2012 04:45 AM (da5Wo)
Posted by: Fritz at November 28, 2012 04:45 AM (/ZZCn)
Posted by: soothsayer at November 28, 2012 04:46 AM (70Yu+)
Seeing as how Roth IRA's are AFTER TAX, how could they tax it a second time? Oh yeah....this is government we're talking about.
This will lead to something bad. Real bad.
Posted by: EC at November 28, 2012 04:46 AM (GQ8sn)
Posted by: Jones in CO at November 28, 2012 04:47 AM (8sCoq)
Posted by: beach at November 28, 2012 04:48 AM (LpQbZ)
How do they do that? Because the Senate refuses to bring a budget to the floor and the balless House Republicans keep passing continuing resolutions to keep the government going under the old Democrat budget.
They are afraid the MFM will blame them if the government shuts down. But mostly they are just afraid.
We didn't get in this hole from taxes and we will not get out of it from taxes. The Democrats will simply increase spending if we raise taxes. That is what commies do.
Stuff Vic said Vol II
Posted by: Vic at November 28, 2012 04:48 AM (YdQQY)
33 The politicians don't want to solve the problem so much as benefit from it. They see our fiscal meltdown as a game to be played- how to pin the blame on the other side, how to position themselves to take advantage, how to use it as a campaign issue. The politicians will always put their respective party and personal politics ahead of what is best for the country. This is why I despise all politicians with the burning white hot intensity of a thousand suns.
Posted by: Jones in CO at November 28, 2012 08:47 AM (8sCoq)
I believe this is the exact argument for TERM LIMITS.
Posted by: BCochran1981 at November 28, 2012 04:48 AM (da5Wo)
This will not result in any taxpayer making less than $50,000 paying an extra dime in 401k or IRA taxes.
Use your Obamaphone to call your Congressperson to tall, him to vote for this measure, and remind him that the SEIU knows where they live!
Posted by: Barky Ochooma (Redistributor of YOUR Wealth) at November 28, 2012 04:49 AM (Cnqmv)
This is the real pisser. Did what I could do to prepare for retirement since I was 28. Did the 401k's, the IRA's, my wifes 403B. Because you could pretty much figure that SS wouldn't be there. So I did without so I could retire. The gubmint now figures out people like me are at fault for saving too much for a rainy day.
GIVE ME MORE!!!!
Posted by: Bruce at November 28, 2012 04:50 AM (qB0/v)
Posted by: soothsayer at November 28, 2012 04:50 AM (70Yu+)
Posted by: SpongeBob Saget at November 28, 2012 04:51 AM (epxV4)
Posted by: Jim Lahey at November 28, 2012 04:51 AM (u6Ixe)
Posted by: and irresolute at November 28, 2012 04:51 AM (DBH1h)
Posted by: Blacksheep at November 28, 2012 04:51 AM (bS6uW)
Posted by: BCochran1981 at November 28, 2012 08:48 AM (da5Wo)
oh man I've been down for term limits forever
2 terms Senate
4 terms House
10 years all federal judges all the way up to SCOTUS
Posted by: Jones in CO at November 28, 2012 04:51 AM (8sCoq)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 04:52 AM (3Y7RV)
Posted by: Mr pink at November 28, 2012 04:52 AM (gILAa)
The politicians don't want to solve the problem so much as benefit from it. They see our fiscal meltdown as a game to be played- how to pin the blame on the other side, how to position themselves to take advantage, how to use it as a campaign issue. The politicians will always put their respective party and personal politics ahead of what is best for the country. This is why I despise all politicians with the burning white hot intensity of a thousand suns.
This!
My friends, in order to avoid the fiscal cliff caused by Bush's reckless spending and incessant tax cuts, I am proposing a temporary tax on those 401ks and IRAs held by the millionaires and billionaires that don't pay their fair share and fly corporate jets. This temporary tax will end as soon as we have achieved a balanced budget and reduced the deficit to zero.
This will not result in any taxpayer making less than $50,000 paying an extra dime in 401k or IRA taxes.
Use your Obamaphone to call your Congressperson to tall, him to vote for this measure, and remind him that the SEIU knows where they live!
AND this!
I believe this is the exact argument for TERM LIMITS.
No. It's the exact argument for HANGING EVERY LAST ONE OF THE BASTARDS.
Posted by: Mary Poppins' Practically Perfect Piercing at November 28, 2012 04:52 AM (zF6Iw)
Posted by: Truman North at November 28, 2012 04:53 AM (I2LwF)
Posted by: Blacksheep at November 28, 2012 08:51 AM (bS6uW)
What is this math of which you speak? Teleprompter rhetoric, a media Stalin would have loved, good socialist policies (and good re-education camp commandants) can solve any problem!
Posted by: Barky Ochooma (Redistributor of YOUR Wealth) at November 28, 2012 04:55 AM (Cnqmv)
Posted by: Jones in CO at November 28, 2012 08:51 AM (8sCoq)
Sounds like a plan to me.
No. It's the exact argument for HANGING EVERY LAST ONE OF THE BASTARDS.
Posted by: Mary Poppins' Practically Perfect Piercing at November 28, 2012 08:52 AM (zF6Iw)
Well, there might be a couple worth not hanging....but yeah, generally speaking HANG EM HIGH
Posted by: BCochran1981 at November 28, 2012 04:57 AM (da5Wo)
*sitting in the corner cleaning new firearm*
*listening to my new favorite song - Disco Inferno*
Posted by: catman at November 28, 2012 04:57 AM (YKUmW)
I think the plan is sort of an international staring contest at this point. Everybody is collapsing, so everybody will default. The only question is what order that will occur in. The last to fall has the most "value" left.
And yes, I know that's simplistic. Look at who's in charge.
Posted by: uterus cannon at November 28, 2012 04:57 AM (3ZtZW)
Posted by: soothsayer at November 28, 2012 04:57 AM (70Yu+)
Posted by: beach at November 28, 2012 04:58 AM (LpQbZ)
Term limits and compensation in the form of per diem only, capped at $1000 per year.
Also, once a legislator, Executive appointee, or member of the judiciary leaves federal service, he or she should be banned for at least twenty years from working in any position that requires interaction with government. This means no leaving office and then joining some dipshit nonprofit as a chief officer of funding and government outreach. No.
Also, Senators and Representatives should be required to spend 75% of their terms in their home districts.
These are all things I dearly, dearly want, and they are STILL more than politicians and their appointees deserve.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:00 AM (4df7R)
What would a "soft" revolution look like? It would look like conservative Icons like Jeb Henserling losing in primaries to "new blood." Not because he's any part of the problem, but because he's been part of the losing team for too long. It would look like mushy moderates like Boehner and McConnell losing in primaries to people who are really conservative.
The media would call it "anti-incumbent sentiment" because even long-time Republicans, many of them very Conservative, would be ousted in primaries. But the media would be wrong. And when the dust settled, Obama would find himself virtually alone in Washington, DC.
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at November 28, 2012 05:00 AM (5DR1j)
Posted by: phoenixgirl at November 28, 2012 05:00 AM (GVxQo)
Posted by: Anthony Weiner, Bitches - We Won at November 28, 2012 05:01 AM (8hBZi)
Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 28, 2012 05:01 AM (VtjlW)
Posted by: Whatev at November 28, 2012 05:01 AM (2t6Gz)
Posted by: Baldy at November 28, 2012 05:01 AM (opS9C)
Posted by: Thorvald at November 28, 2012 05:02 AM (1V6Pv)
59 I still have not gotten a clear answer on this, are these actual cuts, as in spending less money than last year, or are they government "cuts" which means spending only 4% more instead of 5% more than last year?
Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 28, 2012 09:01 AM (VtjlW)
Well, see, if you look at the budget here and.....what? oh.
Posted by: BCochran1981 at November 28, 2012 05:03 AM (da5Wo)
I still have not gotten a clear answer on this, are these actual cuts, as in spending less money than last year, or are they government "cuts" which means spending only 4% more instead of 5% more than last year?
The odds of either party demanding GENUINE cuts -- as in, spending less money than the year before -- are exactly zero. You can be assured that they're talking about cuts in the INCREASE in funding.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:03 AM (4df7R)
So we need to increase it to 1 for 1.
http://is.gd/tGMHd9
Posted by: Vic at November 28, 2012 05:04 AM (YdQQY)
No, it would look like the great mortgage walkaway of 2008-2010. People would simply stop paying taxes period. There will be mass arrests by IRS collection agents, but that would lead to more citizens not paying.
Posted by: EC at November 28, 2012 05:04 AM (GQ8sn)
Posted by: Anthony Weiner, Bitches - We Won at November 28, 2012 05:04 AM (8hBZi)
Posted by: rickb223 Let. It. Burn. at November 28, 2012 05:04 AM (GFM2b)
Is that too hard for Boehner to state?
How about this one John; "We have a spending problem, not a tax problem". Or "It's not that we don't tax people enough, it's that we spend too much".
Is it very difficult for Mr. Boehner to ask Mr. Obama specifically what cuts will he immediately make to cover the other 1/11th of the annual debt he's accumulating? That is if Republicans fold on taxes...
I guess so.
Oh and if Republicans fold on taxes (you can cloak it as "revenue" if you want but people know it's taxes) they are finished.
Posted by: Marcus at November 28, 2012 05:05 AM (GGCsk)
Since the cliff is what a number of Dems are already shouting for, and will happen on Jan. 1 as long as nothing new is passed, let er rip.
Increased income taxes on everyone. Major jumps in capital gains taxes. Estate taxes so onerous that small businesses will be forced to liquidate rather than be handed down. Taxing the shit out of dividends. Let it all kick in. Oh, and don't do the annual 'doc fix' either; let their Medicare reimbursements drop 30%.
Then sit back and enjoy the show. It's a guaranteed recession, but so what -- not our fault. Docs will drop Medicare patients like mad -- gee, that's a shame, ain't it? Not our fault.
Posted by: GnuBreed at November 28, 2012 05:05 AM (ccXZP)
So there's a headline at Drudge about an "atmospheric river" setting up over CA that could pose a severe flood risk for the state.
Am I the only one cheering it on?
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:06 AM (4df7R)
We can't hold the line on no taxes on the wealthy, only. This is what I see over and over, the Republican brand distilled down to opposing taxes on the rich. I say propose several new brackets up there for the very wealthy. Nail huge pots of inherited wealth. Make the Democrats oppose something. They get to play Santa to our Scrooge as a general rule.
Grover Norquist has made the Republicans into a one-trick pony with a side of Islamic supremacism.
Posted by: Beagle at November 28, 2012 05:06 AM (sOtz/)
There's no easy way out of the hole we've dug ourselves. The sooner we admit that, the better.
We? In the famous words of Tonto, Faithful Indian Companion, when faced with an attack, "What you mean we, paleface?"
Let me be clear: this is Not What I Voted For. I voted for someone to go to DC and act as I would act. That means that I wanted someone to conduct the fiscal affairs of my (former) country as I would my own finances. Specifically, I don't spend more than I take in, and I expect the people I vote for to do the same thing while in office. It is what I pay them to do. Or at least, it was when I was working and paying taxes.
I also expect the people I vote for to embrace capitalism and the law that contains those who would exploit the freedom inherent in it. I expect the people I vote for to make sure I have the greatest amount of opportunity. This means that there should be as little interference with the free market as possible. I don't want a bunch of fucking busybodies in DC trying to justify their exhorbitant salaries by restricting how I make money through their craven need for control over the economy.
This is what I voted for. I have not gotten what I voted for.
Let It Burn.
Posted by: BackwardsBoy, who did not vote for this shit. at November 28, 2012 05:06 AM (lOmbq)
>>>Will it be a "soft" revolution at the ballot box, or a hard revolution with guns and bullets?
It will be coordinated through the use of government-provided cellphones and begin in lower/working class areas of the country, then spread to university campuses through Twitter and other social media outlets.
Not the revolution you were talking about?
Posted by: uterus cannon at November 28, 2012 05:06 AM (3ZtZW)
2010: The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort. http://tinyurl.com/ycws5m2
Posted by: Baldy at November 28, 2012 05:07 AM (opS9C)
Posted by: Anthony Weiner, Bitches - We Won at November 28, 2012 05:07 AM (8hBZi)
Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 28, 2012 05:07 AM (VtjlW)
Posted by: Thorvald at November 28, 2012 05:07 AM (1V6Pv)
But our friends and neighbors won't fucking listen. They're too busy posting pictures of their pumpkin spice lattes on Facebook. College educated people earning in the top 10% don't get it or CARE. You think some dumbass single mom who wants government to take care of her bastard offspring does?
Tax the rich! Tax the rich! Republicans hate wymnnns and wants to steal their tamponseesss!
In the last few weeks I've shored up my food stores, bought emergency medical supplies, more solar lighting, and cooking device that can use multiple types of fuel.
Layoffs are coming to my workplace. Most of my fellow employees don't know. They remain blissfully unaware of the shit storm to come. Me, I'm well-positioned and have quite a bit of job security. And while I'm nice to everyone on the outside, inside I'm beginning to take a colder, more me-first attitude. Why? Because I didn't fucking create this problem. They did.
The world is about to get tougher. I'm doing my best to be ready for it.
Posted by: Warden at November 28, 2012 05:07 AM (0DlnM)
Posted by: beach at November 28, 2012 05:08 AM (LpQbZ)
Posted by: Fritz at November 28, 2012 05:08 AM (/ZZCn)
Posted by: catman at November 28, 2012 05:08 AM (NYdB8)
Yeah but, I'd still like to tax Buffett, Gates and the rest of the "we don't pay enough taxes" hypocrites into the poor house
Posted by: TheQuietMan at November 28, 2012 05:08 AM (1Jaio)
I cannot believe that the tax the rich thing sells. All you have to do is some simple math. Tax the rich more and you get about $80 billion a year. The annual deficit is 1.2 trillion. AND NOW WHAT?
This is because people are stupid. Seriously, just stupid. Not merely ignorant, but STUPID. And this is why they get no sympathy from me.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:08 AM (4df7R)
It's actually the only proposal on the table that will produce real cuts.
Is it what we want? No.
But the President should own it.
He's betting Boehner will do anything to avoid it.
Hey John- tell me what's so bad about it? The devastating affects?
Why would Republicans own that- you know, because we're 1/3 of the government.
Posted by: Marcus at November 28, 2012 05:09 AM (GGCsk)
Posted by: soothsayer at November 28, 2012 05:09 AM (70Yu+)
Posted by: rickb223 Let. It. Burn. at November 28, 2012 05:09 AM (GFM2b)
Posted by: Jamie Foxx at November 28, 2012 05:09 AM (wIgpo)
Posted by: Anthony Weiner, Bitches - We Won at November 28, 2012 05:10 AM (8hBZi)
Posted by: Mr pink at November 28, 2012 05:10 AM (gILAa)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:10 AM (3Y7RV)
Posted by: Blacksheep at November 28, 2012 05:11 AM (bS6uW)
Posted by: Thorvald at November 28, 2012 05:12 AM (1V6Pv)
Posted by: soothsayer at November 28, 2012 05:12 AM (70Yu+)
One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States.
In effect, government pensions for everyone, not unlike the European system and regardless of personal choice.
http://tinyurl.com/bq4zwt5
Posted by: Baldy at November 28, 2012 05:12 AM (opS9C)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:13 AM (3Y7RV)
>>>Republicans hate wymnnns and wants to steal their tamponseesss!
Smeagol! Gollum!!!! Hates the Bagginses!
Posted by: uterus cannon at November 28, 2012 05:13 AM (3ZtZW)
We? In the famous words of Tonto, Faithful Indian Companion, when faced with an attack, "What you mean we, paleface?"
Let me be clear: this is Not What I Voted For. I voted for someone to go to DC and act as I would act. That means that I wanted someone to conduct the fiscal affairs of my (former) country as I would my own finances. Specifically, I don't spend more than I take in, and I expect the people I vote for to do the same thing while in office. It is what I pay them to do. Or at least, it was when I was working and paying taxes.
I also expect the people I vote for to embrace capitalism and the law that contains those who would exploit the freedom inherent in it. I expect the people I vote for to make sure I have the greatest amount of opportunity. This means that there should be as little interference with the free market as possible. I don't want a bunch of fucking busybodies in DC trying to justify their exhorbitant salaries by restricting how I make money through their craven need for control over the economy.
This is what I voted for. I have not gotten what I voted for.
Let It Burn. Close the thread. We have a winner!
Posted by: rickb223 Let. It. Burn. at November 28, 2012 05:14 AM (zji3t)
Posted by: sTevo at November 28, 2012 05:14 AM (sYewh)
Posted by: rickb223 Let. It. Burn. at November 28, 2012 09:09 AM (GFM2b)
Let's go all in. Major earthquake coupled with massive flooding on the west coast, and then let's have the Cumbre Vieja erupt near the Canary Islands, thus generating a massive tsunami that would wipe out the east coast. I'm in NH and I'd bite it along with everyone else, but I'm willing to make that sacrifice if it means what's left of this country will rebuild itself into the America it USED to be.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:14 AM (4df7R)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 09:13 AM (3Y7RV)
Are there no debtor's prisons?
Posted by: Ebenezer Scrooge at November 28, 2012 05:15 AM (Cnqmv)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:16 AM (3Y7RV)
>>>We are pretty much seeing the collapse of western democracy.
We will find a guy that's really really good at Excel spreadsheets. Just you watch.
Posted by: uterus cannon at November 28, 2012 05:16 AM (3ZtZW)
Posted by: soothsayer at November 28, 2012 09:12 AM (70Yu+)
Economics weren't important during the campaign. Back then Mitt's dog was a top news story
Posted by: TheQuietMan at November 28, 2012 05:16 AM (1Jaio)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 09:16 AM (3Y7RV)
Now there's a tax the rich approach I can go along with!
Posted by: Hrothgar - L.I.B or SMOD (for the Children) at November 28, 2012 05:17 AM (Cnqmv)
Posted by: Joe Scamborough at November 28, 2012 05:17 AM (o2sGG)
Posted by: Ebenezer Scrooge at November 28, 2012 09:15 AM (Cnqmv)
If they're going to die they'd best do it and decrease the surplus population.
(Yes, I'm looking at you, aging hippy Baby Boomers).\
I've become very Malthusian in my thirties.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit [/i][/b][/u] at November 28, 2012 05:18 AM (4df7R)
Posted by: Hrothgar - L.I.B or SMOD (for the Children) at November 28, 2012 05:18 AM (Cnqmv)
Posted by: soothsayer at November 28, 2012 05:18 AM (70Yu+)
No. I suspect that would be the beginning of the hard revolution. That's the Boston Tea Party all over again. That will lead to a modern day Boston Massacre.
Once people have decided simply to ignore the law, we're no longer in a "soft" revolution scenario.
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at November 28, 2012 05:18 AM (5DR1j)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit, rooting for SMOD or the Mayans, whichever comes first [/i][/b] at November 28, 2012 05:19 AM (4df7R)
Worse, this lot underwent a nearly lethal mutation/BodySnatcher Invasion around 1968. Give them free rein and you'll have killing fields.
That is where the train is headed.. let's get there already! So, I can fight and die and not my kids..
At this point, avoiding this for them and the eventual grandkids is all we really have. Fuck "Let it burn" let's light a match and hand the Dems the lighter fluid.
Posted by: catman at November 28, 2012 05:19 AM (NYdB8)
Posted by: beach at November 28, 2012 05:20 AM (LpQbZ)
No. I suspect that would be the beginning of the hard revolution. That's the Boston Tea Party all over again. That will lead to a modern day Boston Massacre.
And since it's the modern day, the "massacre" part of "Boston Massacre" would really BE a massacre this time.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit, rooting for SMOD or the Mayans, whichever comes first [/i][/b] at November 28, 2012 05:20 AM (4df7R)
Posted by: Hrothgar - L.I.B or SMOD (for the Children) at November 28, 2012 05:20 AM (Cnqmv)
Posted by: Schrödinger's cat [/i] at November 28, 2012 05:20 AM (feFL6)
Posted by: Thorvald at November 28, 2012 05:21 AM (1V6Pv)
Posted by: Blacksheep at November 28, 2012 05:21 AM (bS6uW)
Posted by: Lady in Black at November 28, 2012 05:22 AM (lTVJy)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit, rooting for SMOD or the Mayans, whichever comes first [/i][/b] at November 28, 2012 05:22 AM (4df7R)
And from there, a revolution is actually preferable, since that would involve some amount of organization and, likely, people both willing and able to step into the role of government afterwards.
The other option being complete anarchy and chaos.
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at November 28, 2012 05:22 AM (5DR1j)
@77
The Kircher approach is likely I agree. It's always that more socialism is needed. But they will justify it after tanking the bubble in the stock market. The fiscal cliff has a built-in selloff of stocks due to the tax consequences. Another boom-bust brought to you by the federal government with the money pump, crazy regulation, fiscal cliff plan.
Posted by: Beagle at November 28, 2012 05:24 AM (sOtz/)
Posted by: What's Jebby Akin Smokin'? at November 28, 2012 05:24 AM (m7mrm)
>>>At this point, avoiding this for them and the eventual grandkids is all we really have. Fuck "Let it burn" let's light a match and hand the Dems the lighter fluid.
Honestly, there is something to this. We can wait until its all set and ready to go, or get them there before they're fully prepped for the harvest. Your pick. They ain't changing their tune. You know it, I know it.
Posted by: uterus cannon at November 28, 2012 05:24 AM (3ZtZW)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:24 AM (3Y7RV)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:26 AM (3Y7RV)
Posted by: rickb223 Let. It. Burn. at November 28, 2012 05:27 AM (GFM2b)
----
As do I. Which leads me to believe he will be the next GOP presidential nominee. Pushed along by the same woman (name escapes me) who valiantly declared Mitt would be our nominee this go 'round.
Posted by: Lady in Black at November 28, 2012 05:28 AM (lTVJy)
Posted by: Oldsailors Poet, Wonders what Dagny thinks at November 28, 2012 05:29 AM (3Y7RV)
That, and the sad, slow realization that they can not spend that 166 billion.
Posted by: Mallamutt, RINO President for Life at November 28, 2012 09:28 AM (OWjjx)
I wish i could agree, but here's what would actually happen:
"We'll just print the rest of the money to make up the difference! And we'll print more so that we can spend more on worthy programs!"
Posted by: MWR, Proud Tea(rrorist) Party Hobbit, rooting for SMOD or the Mayans, whichever comes first [/i][/b] at November 28, 2012 05:30 AM (4df7R)
What will the US do in desperation to save itself? China is smiling.
What will the idiot Progs in DC do to "save" us? Nothing that makes sense outside of the Beltway, that's for sure. And you can bet your ass it won't make sense to anyone who can operate a calculator either. Anything that doesn't involve a re-embrace of Capitalism and freedom cannot and will not work.
What should we do to actually save ourselves? How about becoming as self-sufficient as a nation can be? We have a wealth of natural resources and the world's largest consumer market within our shores. We could be making our own products with our own materials. We could concentrate on ourselves and tell the rest of the world that they're on their own: We Come First. You want leadership? We'll show you how it's done. You can either follow our example (which has been proven to work) or do whatever suits you. You are free.
This would require a drastic rethinking of government and its role in the every day affairs of men. So what? It's clear that the farther we've gotten away from the Constitution and limited government, the poorer we've become as a nation.
Posted by: BackwardsBoy, who did not vote for this shit. at November 28, 2012 05:31 AM (lOmbq)
----
Point of order..... we have a trillion dollar deficit......
We have a 16 trillion dollar debt, that grows one tril a year.
The new taxes dont even cover the deficit..... NOTHING touches the debt.
166 billion in new taxes covers about 20 days worth of fed spending.
Posted by: fixerupper at November 28, 2012 05:31 AM (nELVU)
Posted by: Blacksheep at November 28, 2012 05:31 AM (bS6uW)
1st rule of holes is you never talk about holes.
2nd rule of holes is you never talk about holes.
3rd rule of holes is you never talk about holes.
Posted by: @PurpAv at November 28, 2012 05:32 AM (00KTq)
They must be pretty religious...obviously they're praying for a miracle.
Posted by: @PurpAv at November 28, 2012 05:34 AM (00KTq)
Posted by: toby928© for TB at November 28, 2012 05:35 AM (evdj2)
Posted by: toby928© for TB at November 28, 2012 05:37 AM (evdj2)
and in this case you are not allowed a divorce.
Posted by: willow at November 28, 2012 05:38 AM (hX8cq)
Posted by: Baldy at November 28, 2012 09:01 AM (opS9C)
They are sending up the trial balloon for it. The left has been sending up the single payer health care system for decades, and Obamacare is the first step to actually implementing it.
The left isn't about taxing the IRAs, 401Ks, and other retirement plans. The left is about confiscating those funds for what they perceive to be the benefit of society, the welfare queens.
One plan that they floated back when Billy Jeff was President was the "Imputed Income Tax". It worked like this. If you bought your house 20 years ago, and your mortgage payment is $500 month, the government would determine the current value of your home, then figure out what the current mortgage payment would be. So if the current mortgage payment would be $1100 a month, the IRS would say that the $600 a month difference is "income" and you would be taxed on it. So if your salary is $93,000 a year, your new IRS "income" would be $100,000 a year. So a married couple would go from paying $15,506 to $17,256. An increase of $1750 per household.
When you see how much more that tax plan would bring in, you can see why the left would salivate at it. Plus, it has the added bonuses of not going after renters, the young, and those in gubmint housing. And another added bonus is that it goes after the retired, those who actually manage their finances, and the productive members of society.
Posted by: MrCaniac at November 28, 2012 05:38 AM (Zd/NW)
Posted by: The Rent is Too Damn High! at November 28, 2012 05:39 AM (1c58W)
Posted by: Thorvald at November 28, 2012 05:39 AM (1V6Pv)
Posted by: toby928© for TB at November 28, 2012 05:39 AM (evdj2)
>>They are sending up the trial balloon for it
Now's the time to figure out different retirement options. I wonder if the banks will create new plans?
Posted by: uterus cannon at November 28, 2012 05:41 AM (3ZtZW)
Posted by: toby928© for TB at November 28, 2012 05:42 AM (evdj2)
Posted by: Brother Cavil, with gasoline and matches, looking innocent at November 28, 2012 05:44 AM (GBXon)
Posted by: toby928© for TB at November 28, 2012 05:45 AM (evdj2)
Posted by: Hopeless at November 28, 2012 05:45 AM (0DMvp)
Posted by: Social Security and Medicare at November 28, 2012 05:46 AM (r2PLg)
Posted by: 98ZJUSMC Waiting for the Sun at November 28, 2012 05:48 AM (nKQYl)
They must be pretty religious...obviously they're praying for a miracle.
They need something to believe in. I'm ready to offer them the Holy Calculator of Antioch. If it doesn't make sense for a family, it certainly doesn't make sense for a government.
How hard can that be to understand? /rhetorical
Posted by: BackwardsBoy, who did not vote for this shit. at November 28, 2012 05:48 AM (lOmbq)
Posted by: LASue at November 28, 2012 05:49 AM (gjIQF)
Posted by: Hopeless at November 28, 2012 05:52 AM (R6s86)
Posted by: 98ZJUSMC Waiting for the Sun at November 28, 2012 05:53 AM (nKQYl)
Posted by: Hopeless at November 28, 2012 05:55 AM (R6s86)
@77
The Kircher approach is likely I agree. It's always that more socialism is needed.But they will justify it aftertanking the bubble in the stock market. The fiscal cliff has a built-in selloff of stocksdue to the tax consequences. Another boom-bust broughtto you by the federal government with the money pump, crazy regulation, fiscal cliff plan.
Posted by: Beagle at November 28, 2012 09:24 AM (sOtz/)
Any decent portfolio manager has already sold what they need to sell. They will not wait until the last minute. It really won't be a huge sell off since they will need to re-invest that money somewhere, so they will just sell the stock, take the cap gains hit, then buy the stock again with the new price being the basis. What you will have selling in December will be the suckers. The pros will be buying from the suckers.
Posted by: MrCaniac at November 28, 2012 05:57 AM (Zd/NW)
Actually, there is an easy way out of our situation. Just take all of the programs in Eduction, Energy, Agriculture, Commerce, HHS, big chunks of Interior, and even pieces of Defense and block grant them to the States. Then write them out of the Federal Register, and cease budgeting for them. (Although it will probably take at least two years to achieve this. Depends on how serious we are about cutting government.)
No programs are interrupted, no sequestration of funds, no battles over higher taxes. Let the debates over the role of government in the citizens' lives occur at the State level where it belogs. The Federal government could quite easily dismantle itself.
BWAAHAHAHAHAHAHAHAHAH!!
Posted by: Lessons from the Ceramic Throne at November 28, 2012 06:10 AM (ze9yk)
Posted by: eman at November 28, 2012 06:39 AM (bWwMZ)
Everyone doesn't know that, in fact, there's millions of people who don't know that and the ones who do know it will either lie to your face about it or say it's still needed to reduce income inequality. I keep saying it but if we ever want tax cuts we can't just talk about in financial terms, we need to start pointing out how disgusting it really is to force people to work for government under threat of imprisonment, steal their money and pass it out. There is no counter argument to that other than to admit you're a fascist who wants to enslave people.
Posted by: booger at November 28, 2012 06:40 AM (HI6wa)
Posted by: rough times chooming in Hawaii at November 28, 2012 06:47 AM (Kflw4)
Posted by: Deety loves SMOD at November 28, 2012 06:49 AM (QG3g9)
Posted by: Deety loves SMOD at November 28, 2012 07:02 AM (QG3g9)
Posted by: LYNNDH at November 28, 2012 07:08 AM (mr9Ns)
If anyone wants to be realistic, there is no way out of the hole we have dug except straight through the other side and right past Chinese customs and immigration.
As we amass ruinous debt, we struggle and fail to even slow the increase in the borrowing, never you mind climbing out. The digging will not stop until the bottom is breached and everyone falls up into orbit.
That which cannot continue will not continue. The federal goose is cooked. I think the best thing that could happen at this point is if we broke into several smaller countries. Some states could manage to throw themselves clear of the wreckage, the Republics of Texas and Utah would not be liable for the unpayable debts of D.C. and they would at least have a chance of preserving a decent life.
Posted by: entropy at November 28, 2012 07:10 AM (TULs6)
Posted by: Hello, it's me Donna let it burn really.really bummed at November 28, 2012 07:11 AM (9+ccr)
Andy, I strongly disagree with your statement that "everyone knows." I am actually related to people who think that if the US would just cut foreign aid and Congress' salary and benefit plans, the budget would be balanced.
Some people are too f*(king stupid to live, but unfortunately they get to not only breathe my oxygen, but vote too.
Posted by: the other coyote at November 28, 2012 07:33 AM (yK44T)
Posted by: jimi ray at November 28, 2012 11:15 AM (79EF9)
Posted by: Mallamutt, RINO President for Life at November 28, 2012 10:27 AM (OWjjx)
***************************
You're right, of course. I was sneaking in time at work to post that and left it kinda incomplete. Yes, dump EPA, NASA, and the whole damn batch of alphabet soup. By all means either throw Social Security to the States, too, or privatise it. Medicare and Medicaid require a different approach - something more along the lines of getting away from the "Buyer's Club" model of medical coverage and reverting back to a for-real insurance (e.g. catastrophic coverage, and pay-for-your-own-damn-oil-change-&-brake-job) type of model. That might take another year, and then the gubmint can be out of the health / medical care business entirely.
Defense, State, Treasury, maybe a piece of Interior (until we can work out the transfer of Federal land holdings) get a pass, because they are constituted. As is the IRS. But let the States do the citizen involvement things. We have got to break the mind-set that only the Federal government can do things.
Posted by: Lessons from the Ceramic Throne at November 28, 2012 11:25 AM (ze9yk)
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Posted by: TexBob at November 28, 2012 04:28 AM (y7vIu)