scream-of-consciousness;
"If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell."
Pages
▼
Monday, June 07, 2010
We Asked For It
CHARTZ
“
President
Barack Obama is poised to increase the U.S. debt to a level that
exceeds the value of the nation’s annual economic output - more
So much for the Keynesian economic solution the Obamacy brought back. Thanks, shitheads. This much out of control debt will never, ever be repaid. Solution? A world war. Hug your kids and grandkids; build good memories. Here's the real Laffer.
Well, the money has to be available before you can borrow it. My thinking is that it's not really there, and the willingness to lend is not there, either.
I'm thinking a substantial amount of congress critters are wondering if their next trip home will be best not made. I can only hope.
Wow, Hoffer sure described Chucky to a "T". Arrogant, boorish, displaying the DoYouKnowWhoIAm attitude. I don't know how he gets re-elected, ever. Oh, by the way, if he believes 1/10th of what he says, he is dumber than a small bag of Bull Manure. tomw
I see two possible outcomes that will be played out in my lifetime:
#1 We go the way of 5th Century Rome. Power devolves into warring strongholds. The West descends into anarchy not seen since the 500 year period after the fall of the Western Roman Empire.
#2 The end of the social welfare state. Its death throws causing wrenching economic pain. However, strong leadership presses the proverbial economic 'reset' switch. Public pension plans are largely defaulted on, govt. is cut back to levels not seen since the 19th century, and we see the end of fiat currencies (gold and silver become legal tender again).
One of the main problems with government debt is that borrowing takes money out of the available-for-investment pool and flushes it down the toilet on unproductive waste and graft, rather than enabling economically viable investments. Government enterprises are never intended to be economically productive, and they usually go to propping up economic failures. Digging holes, then filling them in provides jobs, alright; but that does not create wealth. The government does not generate wealth, it fritters wealth away. (What? Well, okay, by "fritters away" I mean "destroys, wholesale.")
Well, the money has to be available before you can borrow it. My thinking is that it's not really there, and the willingness to lend is not there, either.
ReplyDeleteI'm thinking a substantial amount of congress critters are wondering if their next trip home will be best not made. I can only hope.
Wow, Hoffer sure described Chucky to a "T". Arrogant, boorish, displaying the DoYouKnowWhoIAm attitude. I don't know how he gets re-elected, ever.
ReplyDeleteOh, by the way, if he believes 1/10th of what he says, he is dumber than a small bag of Bull Manure.
tomw
I see two possible outcomes that will be played out in my lifetime:
ReplyDelete#1 We go the way of 5th Century Rome. Power devolves into warring strongholds. The West descends into anarchy not seen since the 500 year period after the fall of the Western Roman Empire.
#2 The end of the social welfare state. Its death throws causing wrenching economic pain. However, strong leadership presses the proverbial economic 'reset' switch. Public pension plans are largely defaulted on, govt. is cut back to levels not seen since the 19th century, and we see the end of fiat currencies (gold and silver become legal tender again).
One of the main problems with government debt is that borrowing takes money out of the available-for-investment pool and flushes it down the toilet on unproductive waste and graft, rather than enabling economically viable investments.
ReplyDeleteGovernment enterprises are never intended to be economically productive, and they usually go to propping up economic failures. Digging holes, then filling them in provides jobs, alright; but that does not create wealth. The government does not generate wealth, it fritters wealth away.
(What? Well, okay, by "fritters away" I mean "destroys, wholesale.")