Obama Submits $4 Trillion Budget, Says He "Won't Accept" Budget That Doesn't Raise Spending

This f*cking guy.

President Obama said Monday he will reject any budget from Congress that doesnít boost spending on both defense and his own domestic priorities, saying the spending "sequesters" need to go.

"America canít afford being short-sighted and Iím not going to allow it," the president said while speaking at the Homeland Security Department as he released his $4 trillion budget for fiscal 2016.


His budget calls for boosting discretionary spending by more than 6 percent, and raising taxes to pay for it.

The Wall Street Journal's news division, which is every bit as progressive as the New York Times, claims Obama's huge budget and increased taxes will, get this, "boost the middle class."

Yup. Just like his taxes on 529 educational funds.

WASHINGTON--President Barack Obama proposed a nearly $4 trillion budget package Monday aimed at improving the nation's infrastructure and boosting middle-class Americans, but with a cost of tax increases on businesses and the wealthy as well as an end to existing spending caps.

The budget, much of which Mr. Obama has detailed over the past month, makes a case for easing Washington's emphasis on deficit-reduction measures, given the strengthening economy. It makes no new effort to fix the swelling costs of Social Security and Medicare.

In a message to Congress that accompanied the budget release, Mr. Obama said his proposals were "practical, not partisan."

The proposed budget calls for $3.99 trillion in spending and $3.53 trillion in revenue, while running a $474 billion deficit in the fiscal year beginning Oct. 1.

The 2,000-page plan calls for an end to the automatic, across-the-board spending cuts that both parties agreed to four years ago, dismissing them as "mindless austerity" brought about through "manufactured crises."

The nation has changed. Ten years ago, a president proposing even higher spending after running up the debt to $18 trillion would be run out on a rail. Now many of our countrymen think this just might be a swell idea.

Note that Obama may feel emboldened by the success of the extreme left-wing winning on an anti-austerity, tax-and-spend platform in left-wing Greece.

Posted by: Ace at 01:58 PM




Comments

(Jump to bottom of page)

1 The news I listen to on the radio every morning used the "boost the middle class" line too.

I think there was a memo that got distributed.

Posted by: @JohnTant at February 02, 2015 01:59 PM (PFy0L)

2 You know what we won't accept, Obama?

Posted by: Lizzy at February 02, 2015 02:00 PM (ABcz/)

3 But Michael Medved said Boehner had cut the budget.
Why it is important to vote republican.

Posted by: Bob from table9 at February 02, 2015 02:00 PM (WNERA)

4 *pulls out the chicken bones and gris-gris*

Posted by: Anna Puma (+SmuD) at February 02, 2015 02:00 PM (I7upL)

5 Boehner/McCOnnell find balls? Ha

Posted by: Misanthropic Humanitarian at February 02, 2015 02:01 PM (/GgDU)

6 >>The 2,000-page plan calls for an end to the automatic, across-the-board
spending cuts that both parties agreed to four years ago, dismissing
them as "mindless austerity" brought about through "manufactured
crises."

Of course.

Posted by: Lizzy at February 02, 2015 02:01 PM (ABcz/)

7 The beatings will continue until morale improves.

The bonening.

Posted by: Jane D'oh at February 02, 2015 02:01 PM (FsuaD)

8 It's no longer possible to save us, is it.

Posted by: Null at February 02, 2015 02:01 PM (xjpRj)

9 TFG can say he pinched off a steaming loaf onto the South Lawn for the benefit of the middle class and the MSM would eagerly nod their heads in agreement.

This is pure insanity.

Posted by: Jaws at February 02, 2015 02:02 PM (WKNX4)

10 So we'll end up with no budget, same as the last six years, then?

Posted by: Secundus at February 02, 2015 02:03 PM (dxjfk)

11 "America can't afford being short-sighted and I'm not going to allow it," the president said



What a f*cking little dictator this POS is.

Posted by: Jane D'oh at February 02, 2015 02:03 PM (FsuaD)

12 Much better to take heart from commies winning in Greece, than think about the epic reaming he got in the '14 elections. Got it.

He's just nuts, ol' Sideshow Barry, he is.

Posted by: Sort-of-Mad Max at February 02, 2015 02:03 PM (DLu2s)

13 Hang on. Didn't Congress pass a funding resolution like six weeks ago?

Posted by: Secundus at February 02, 2015 02:03 PM (dxjfk)

14 Go Obama. Go Obama. Can you say 20 Trillion debt?
It is only money.

Posted by: Bob from table9 at February 02, 2015 02:03 PM (WNERA)

15 Imagine, if we impeached this clown, we'd never have found about all his fcuckwittery. (I still say that a competent GOP [not the one we have, I hastily hasten to add] could've ju-jutsu'd enough support for moderate or nervous Dems to do such a thing, Biden notwithstanding.)

A whole universe of bad possibilities.

Posted by: Lance McCormick at February 02, 2015 02:03 PM (Z0i6n)

16 Haven't we been operating under a CR for the last 5 years? What does a budget actually mean anymore????

Posted by: Trunk Monkey at February 02, 2015 02:04 PM (fLKzW)

17 Barack Obama is a SCOAMT.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:04 PM (kff5f)

18 Not one of his budgets has ever passed, and this will not either. I say shut it down for real if he tries. Not just that fake 15% he did before that the MFM lied about.

Posted by: Vic at February 02, 2015 02:04 PM (wlDny)

19 "10 So we'll end up with no budget, same as the last six years, then?"

Pretty much. Sigh.

Posted by: MMW at February 02, 2015 02:04 PM (kt/h1)

20 These hills aren't for dying. They're for music!


**arms outstretched, starts spinning aounrd like Julie Andrews**

Posted by: "Agent Orange" Boehner at February 02, 2015 02:05 PM (f8y+G)

21 Much better to take heart from commies winning in Greece, than think about the epic reaming he got in the '14 elections. Got it.

Posted by: Sort-of-Mad Max at February 02, 2015 02:03 PM (DLu2s)

Well, he said he 'heard' all the people who didn't vote... Which includes all of Greece.

He listened to the voters, all right-- just not the ones *here*.

Posted by: Secundus at February 02, 2015 02:05 PM (dxjfk)

22 Obama is threatening to shut down the government if he doesn't get his way. Can't wait for the media to berate him day after day for threatening to shut down grandma's social security payments and close airports, highways, etc. They're going to do that, right?

Posted by: duke at February 02, 2015 02:05 PM (ChY2Q)

23 hey, we're not paying for it, give us more of that money!

Posted by: 49% at February 02, 2015 02:05 PM (Tj+s6)

24 We could use some austerity, mindless or not.

Posted by: joncelli at February 02, 2015 02:05 PM (RD7QR)

25 16 Haven't we been operating under a CR for the last 5 years? What does a budget actually mean anymore????
Posted by: Trunk Monkey at February 02, 2015 02:04 PM (fLKzW)

Something that my household and I bet yours follows.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:05 PM (/GgDU)

26 This means dem controlled CR's until the SCOAMT leaves office. We are so fucking boned.

Posted by: Soona at February 02, 2015 02:05 PM (/HX7u)

27 Fund the Federal Rodent Safety Commission!!


Just 39 cents a day will buy a little safety helmet for one little groundhog like me. Won't you help?

Posted by: diBlasio's dead groundhog, sitting on Sally Struthers' voluminous lap at February 02, 2015 02:05 PM (NeFrd)

28 You know, maybe it's just me, but I always understood a "budget" to mean a process and plan by which a person or entity confirms that the incoming money is balanced to the outflow of money. Hopefully with some left over.

Anything other than that is known as "bankruptcy".

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:06 PM (mf5HN)

29 Battleground prep. Get used to it.


And President Warren.

Posted by: Bandersnatch at February 02, 2015 02:06 PM (1xUj/)

30 The 2,000-page plan calls for an end to the automatic, across-the-board spending cuts that both parties agreed to four years ago, dismissing them as "mindless austerity" brought about through "manufactured crises."


Of course.
Posted by: Lizzy



Remind me again. Who was in control 4 years ago?

Posted by: rickb223 MD 20/20 at February 02, 2015 02:06 PM (0SPUe)

31 How many times must we walk this budget path before people figure out the game plan?

the answer, my friends, is blowing in the wind.

It's not like we've not ever seen this movie before.

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 02:06 PM (XvQDV)

32 Then let him shut down the government.

Send him budget after budget, and let him veto them all.

Yes, the MFM (delenda est) will call it "The Republican Shutdown." So what? Simply reply with "The Republican Congress has passed X budgets. What is the President's problem with them? That we're not increasing spending and taxes. We added over $1 Trillion dollars to the national debt last year alone, how much more spending does he want?"

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:07 PM (kff5f)

33 All my prep food and supplies are just sitting with nothing to do. Obama is doing the best he can to create a job for them.

Posted by: Bob Belcher at February 02, 2015 02:07 PM (Xrson)

34 Fund the Federal Rodent Safety Commission!!

Yeah!

Posted by: Valerie Jarrett at February 02, 2015 02:07 PM (B/VB5)

35 18 Not one of his budgets has ever passed, and this will not either. I say shut it down for real if he tries. Not just that fake 15% he did before that the MFM lied about.
Posted by: Vic at February 02, 2015 02:04 PM (wlDny)

Here is expected tax revenue, here is proposal that is balanced. If you don't like it quit. Oh yeah, what the hell am I thinking?????

Posted by: Misanthropic Humanitarian at February 02, 2015 02:07 PM (/GgDU)

36 @18 Not one of his budgets has ever passed, and this will not either. I say shut it down for real if he tries. Not just that fake 15% he did before that the MFM lied about.
-----------------------

The problem in this case isn't that he's submitting a bad budget. It's that he's essentially threatening to veto any budget that doesn't include the spending increase.

Posted by: junior at February 02, 2015 02:07 PM (UWFpX)

37
Cut the budget by 1% and send it to him. If he vetos it, hold another vote. Force the Dems to defend why they can't even find 1% worth of wasteful spending in the governement.

Posted by: Colorado Alex at February 02, 2015 02:07 PM (OiH3z)

38 Has he ever signed a budget? It's been so long I forget.

Posted by: HR needs donuts at February 02, 2015 02:07 PM (ZKzrr)

39 And seven years ago the MFM was going ape that Bush's deficit for eight years (most of which accrued after the Dums took over both Houses) was $1-trillion and Obama would save us from deficits!!!!!

Posted by: andycanuck at February 02, 2015 02:08 PM (L6/+u)

40 You know, maybe it's just me, but I always understood a "budget" to mean a process and plan by which a person or entity confirms that the incoming money is balanced to the outflow of money. Hopefully with some left over.

Anything other than that is known as "bankruptcy".
Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:06 PM (mf5HN)

Accounting is cisnormative heterofascism.

*throws tampons*
*blows rape whistle*

Posted by: Secundus at February 02, 2015 02:08 PM (dxjfk)

41 ..."mindless austerity" brought about through "manufactured crises."

US national debt: $17,820,000,000,000.00
Share of US national debt per person living in the US: $55,341.62

Manufactured crisis? This truly is "President say stuff", because what he says and reality are orthogonal.

Posted by: bonhomme at February 02, 2015 02:08 PM (jhqr1)

42 Socialism, the real VooDoo Economics.

Posted by: Anna Puma (+SmuD) at February 02, 2015 02:08 PM (I7upL)

43 I think there was a memo that got distributed.
That sounds "overwhelmingly white".

Posted by: andycanuck at February 02, 2015 02:08 PM (L6/+u)

44 38 Has he ever signed a budget? It's been so long I forget.
Posted by: HR needs donuts at February 02, 2015

Auto Pen Baby

Posted by: Misanthropic Humanitarian at February 02, 2015 02:08 PM (/GgDU)

45 We added over $1 Trillion dollars to the national debt last year alone, how much more
unfunded spending does he want?"
Posted by: AllenG


Fixed.

Posted by: rickb223 MD 20/20 at February 02, 2015 02:09 PM (0SPUe)

46 Nous sommes fucked

Posted by: Mr. Moo Moo at February 02, 2015 02:09 PM (0LHZx)

47 Next Obama will be selling BLM land to the Chinese along with mineral rights. Expect them to ignore the EPA.

Posted by: Bob from table9 at February 02, 2015 02:09 PM (WNERA)

48 Print, baby, print!

Posted by: Secundus at February 02, 2015 02:09 PM (dxjfk)

49 What are Republicans going to do to generate the votes to oppose passage of the Obama budget?

Posted by: Chris_Balsz at February 02, 2015 02:09 PM (kTWS+)

50 4 Trillion Dollars. Unfathomable. Except among the "Let's repair bridges" crowd. I say we just get rid of all the fuc*ing bridges. $4T saved!

Posted by: dfbaskwill at February 02, 2015 02:09 PM (zllbf)

51 Can't wait to see the Republicans cave on this fight too.

Posted by: thathalfrican at February 02, 2015 02:10 PM (/gk1A)

52 That's us. The new Greece, because the peeps demand it. Must get away from them

Posted by: The Prophet Some Dope at February 02, 2015 02:10 PM (hKyl0)

53 The 'right' to vote needs to be seriously reconsidered. We don't let mentally deficient individuals drive automobiles. We shouldn't let them embolden the Precedent to do stupid shit.

Posted by: SE Pa Moron at February 02, 2015 02:10 PM (zxQ4h)

54 I've always wondered: just how far Left does Obama go? At the risk of sounding paranoid and conspiracy-obsessed, is this guy a straight-up, old-school Marxist communist? Imagine the tightrope he walks, moving forward a genuinely radical, longterm agenda while simultaneously, outwardlystriving to resemble a quasi-traditional American liberal.

Seems to me the mask is indeed coming off. The scary part is the American public isn't reacting the way I thought they would; that is, with horror and disbelief. Many people seem cool with this whole Marxist socialist thing. Now that is scary.

Posted by: troyriser at February 02, 2015 02:10 PM (CAJL/)

55 If there was any sort of real opposition to this wanna-be dictator they would put this to a vote, immediately, and make his own party eat this turd sandwich - just keep saying FOUR TRILLION DOLLAR BUDGET and TWENTY TRILLION DOLLAR DEBT for the next 2-years, basically.

But we don't have one of those opposition party thingies, do we.

Oh, and as to "mindless austerity"? Spare me. The western world wouldn't know true austerity (without the scare quotes) if it bit us on our overfed, overused a**es. The poorest of the poor in the western world have access to shelter, clothing, technology and, oh yeah, food that is the envy of 85% of the rest of the world. That someone has to give-up cable for broadcast on their LCD TV and maybe drop some of the data on their mobile is not austerity.

Posted by: DocJ at February 02, 2015 02:10 PM (0RQVM)

56 Math is hard!

Posted by: American Voters at February 02, 2015 02:11 PM (ZPrif)

57 So much for his lie of for every increase he is going to propose a cut for somewhere else. Anyone else remember that bullshit claim of his from his debates with McCain?

Posted by: Buzzion at February 02, 2015 02:11 PM (z/Ubi)

58 I am thinking of starting my own Federal Reserve. It will be modest in scope.

Posted by: Trunk Monkey at February 02, 2015 02:11 PM (fLKzW)

59 But money in government hands helps people! Totes!

Posted by: Yeah, I'm being facetious at February 02, 2015 02:11 PM (SCcgT)

60 across-the-board spending cuts that both parties agreed to four years ago, dismissing them as "mindless austerity" brought about through "manufactured crises."



So Barky ADMITS that he manufactured the criseses.

Posted by: rickb223 MD 20/20 at February 02, 2015 02:11 PM (0SPUe)

61 44
38 Has he ever signed a budget?



The f*cker's never *made* a budget. Remember how he told us how in debt he and Mooch were?

Posted by: Jane D'oh at February 02, 2015 02:11 PM (FsuaD)

62 @38 Has he ever signed a budget? It's been so long I forget.
------------------------

I seem to recall Reid submitting to criticism that the Senate had been neglecting its constitutionally mandated job, and finally submitting one either last year or the year before.

I don't remember if it passed the House, or was signed by the President, though.

Posted by: junior at February 02, 2015 02:11 PM (UWFpX)

63 Posted by: rickb223 MD 20/20 at February 02, 2015 02:09 PM (0SPUe)

No. I like it and you like it, but that word would become the focus. And they'd claim "They wouldn't *be* unfunded if you raised taxes!"

Mine keeps the options for that kind of thing to a minimum.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:11 PM (kff5f)

64 Someone here recently suggested they send him budget items one at a time (when they were putting together the last CR). I say they should do it now review each agency's budget, trim the fat, and send it to his desk. None of this giant budget with a huge price tag and too many details to review.
It's not like the place will fall apart w/out a budget when this has been the norm since Obama took office.

Posted by: Lizzy at February 02, 2015 02:11 PM (ABcz/)

65 51 Can't wait to see the Republicans cave on this fight too.
Posted by: thathalfrican at February 02, 2015 02:10 PM (/gk1A)

____________

They're still caving on amnesty. Give them a week to finish that.

Posted by: Mr. Moo Moo at February 02, 2015 02:11 PM (0LHZx)

66 "The problem in this case isn't that he's submitting a bad budget. It's that he's essentially threatening to veto any budget that doesn't include the spending increase."

But he doesn't get any money until and unless Congress authorizes it.

And while it's technically true that Budget A, once vetoed, will need 2/3 of both chambers to pass, Budget B, which is Budget A with a "." changed to a ";", can pass and land on the President's desk with a simple majority of each chamber.

Posted by: Chris_Balsz at February 02, 2015 02:12 PM (kTWS+)

67 4 trillion dollars!!! This guy's been dropped on his head one too many times. And trust me, I know about being dropped on your head.

Posted by: diBlasio's dead groundhog at February 02, 2015 02:12 PM (NeFrd)

68 Remember when the Democrats said, "Sure, the economy is good, but anyone can have a good economy with a $200 Billion deficit".

That was during the Reagan years. So Barky can't produce Reagan's economy with Reagan's (comparatively tiny) deficit?

Posted by: bonhomme at February 02, 2015 02:12 PM (jhqr1)

69 56
Math is hard!

Posted by: American Voters at February 02, 2015 02:11 PM (ZPrif)


And racisss!

Posted by: Jane D'oh at February 02, 2015 02:12 PM (FsuaD)

70 Posted by: Lizzy at February 02, 2015 02:11 PM (ABcz/)

Yep. That's a good idea, too.

But the House caved on that for the last 2 years, so I don't expect it.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:12 PM (kff5f)

71 Perhaps Monty brought this up earlier. I haven't looked. If I'm revoicing unnecessarily, well, by God, I've done a turn in the barrel before and I can do it again.

So the big repeated applause line at the Democrats' private confab last week (the one at which journalistas were accompanied by 'minders' even into the lavatories) was about how Obamanomics had "restored prosperity" to the nation, pointing to the 5% growth figure in Q3 2014.

The implicit corollary here being that it's perfectly okay for Uncle Sugar to start spending wildly again (no one there having pointed out that the wild spending never actually stopped, 'sequestration' aside). Five percent growth excuses all sins.

Then after the cleanup crew came in to sweep up the broken champagne glasses, and the lights were turned off in the banquet hall, the Q4 '14 figures were released.

2.6% growth. A massive deceleration from the previous quarter. And working out to only 2.4% growth overall for the totality of 2014, including the single 5% quarter.

Given the flood of new arrivals into the country, economic growth at that quite modest level is not increasing per capita wealth in America at all. It's merely keeping pace with population growth.

And no, we can't actually afford a huge new pile of Fedzilla spending.

But what this will be spun as, fairly obviously, is that "Democrats want to spend more to help the middle class; tightfisted obstructionist Republicans only want to help the rich."

Oldest play in the book. Older than Lucy pulling the football away from Charlie Brown. Yet the GOP will fail to counter it adequately, again. Just like Charlie Brown.

Posted by: torquewrench at February 02, 2015 02:12 PM (noWW6)

72 In many ways, Greece is the story of Obama.

Posted by: Cicero (@cicero) at February 02, 2015 02:12 PM (8ZskC)

73 The Keystone pipeline is infrastructure spending without the government doing the spending, but we can't have that. Since those are all temporary jobs. Like all construction jobs, including government construction jobs eventually, only more heh heh, shovel ready.

Posted by: huerfano at February 02, 2015 02:13 PM (bAGA/)

74 This "boosts" the middle class the same way those ancient Soviet rockets just boosted that payload which exploded before it made it to orbit.

Posted by: Thatch at February 02, 2015 02:13 PM (m/nBa)

75 Headlines from the day after Walker is inaugurated:

DEBT CRISIS THREATENS FISCAL STABILITY

CONGRESS DEMANDS ACTION FROM PRESIDENT WALKER

PELOSI, REID ISSUE STATEMENT: "THIS IS REPUBLICAN LEADERSHIP"

Posted by: Secundus at February 02, 2015 02:13 PM (dxjfk)

76 Here's a weird thing, several of the libertarians I know were happy that the Syrzup crazies in Greece won. Libertarians cheering on Communists -- kinda weird.

Why? Their answers were incoherent, but mostly revolved around sticking it to the "banksters".

That's what the state of libertarian thinking has devolved to.

Posted by: Costanza Defense at February 02, 2015 02:13 PM (ZPrif)

77 What, you wingnuts never heard of baseline budgeting and shit?

Posted by: Barky I Numbnuts at February 02, 2015 02:13 PM (8ZskC)

78 Jeez

It really *is* Groundhog Day

Posted by: Bigby's Pill-Popping Hands at February 02, 2015 02:13 PM (3ZtZW)

79 This is part of the "Let it Burn" scenario - Obama's just hitting the turbocharger as he steers the car into the ditch.

Posted by: Stateless Infidel at February 02, 2015 02:14 PM (AC0lD)

80 The only way I see to get around this is to send him the budget piecemeal. For instance, send him a bill for funding the EPA with cuts. He vetos it, shut down the EPA. Same could be done for the NEA, DHS, IRS, etc.

Posted by: Soona at February 02, 2015 02:14 PM (/HX7u)

81 54 I've always wondered: just how far Left does Obama go? ..................

They would let him go as far left as he would want to go. There is no concern about the Republic. Its all a power game to them.
The only ones who care are us peons in flyover country.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:14 PM (/GgDU)

82

Boost?

Where I come from, the expression "boost" means to steal.

So he's accurate there.


Posted by: J.J. Sefton at February 02, 2015 02:14 PM (CMkNk)

83 Anything other than that is known as "bankruptcy".


Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:06 PM (mf5HN)

You're adorable! But leave this to your betters.

[and some extra foam on my latte please]

Posted by: Inside The Beltway (cocktails anyone?) at February 02, 2015 02:14 PM (Zu3d9)

84 I bet Obama wouldn't eat his spinach either.

Posted by: Super Creepy Rob Lowe at February 02, 2015 02:15 PM (oDCMR)

85 I saw Mindless Austerity open for Weimar Republic at the Cow Palance in '72.

Posted by: Cicero (@cicero) at February 02, 2015 02:15 PM (8ZskC)

86 Look up the budget from 2000. Pass that.

Publicly ask why President Precedent wants to spend twice as much as President Clinton did.

Posted by: 18-1 at February 02, 2015 02:15 PM (5DM9u)

87 80 The only way I see to get around this is to send him the budget piecemeal. For instance, send him a bill for funding the EPA with cuts. He vetos it, shut down the EPA. Same could be done for the NEA, DHS, IRS, etc.

Posted by: Soona at February 02, 2015 02:14 PM (/HX7u)


The GOP? ROFLMFAO!!!!!!!!!


Posted by: J.J. Sefton at February 02, 2015 02:15 PM (CMkNk)

88 >>He vetos it, shut down the EPA.

Ooh, like that idea!

Posted by: Lizzy at February 02, 2015 02:15 PM (ABcz/)

89 Raise interest rates and I'll show you austerity.

Posted by: Bob from table9 at February 02, 2015 02:15 PM (WNERA)

90
Oldest play in the book. Older than Lucy pulling the football away from Charlie Brown. Yet the GOP will fail to counter it adequately, again. Just like Charlie Brown.
Posted by: torquewrench at February 02, 2015 02:12 PM (noWW6)

I promise I won't c*m in your mouth. Promise.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:16 PM (/GgDU)

91 We're petitioning the City to install safety netting around the mayor's waistline. Too late for me of course, but if we can save just one nocturnal burrowing rodent...

Posted by: diBlasio's dead groundhog at February 02, 2015 02:16 PM (NeFrd)

92 Boost?
Where I come from, the expression "boost" means to steal.
Posted by: J.J. Sefton at February 02, 2015 02:14 PM (CMkNk)


...and women are "dames" or "broads" or "tomatoes".

Are you from a 1950s rom-com?

;-)

Posted by: Sean Bannion at February 02, 2015 02:16 PM (6rKEC)

93
Oldest play in the book. Older than Lucy pulling the football away from Charlie Brown. Yet the GOP will fail to counter it adequately, again. Just like Charlie Brown.
Posted by: torquewrench at February 02, 2015 02:12 PM (noWW6)

I promise I won't c*m in your mouth. Promise.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:16 PM (/GgDU)

94 Wheeeeeee!!!!!!

Posted by: Thelma & Barack at February 02, 2015 02:16 PM (8ZskC)

95 Boy this Obama guy sure is a fuck up.... AmIRight?

Posted by: Pete Carroll at February 02, 2015 02:16 PM (fLKzW)

96

$3.99 Trillion? That's an outrage!

Naw -- just yanking you. Where do we co-sign?

Posted by: The Fiscally Severely Conservative GOP

Posted by: Laurie David's Cervix at February 02, 2015 02:16 PM (kdS6q)

97 4 Trillion.... for FEDERAL Government... add in and estimate 1.7 Trillions for Local and State Govs....

We had a 16.7 Trillion GDP last year....
So.... 5.7 Tillion total for government, supported by 16.7 Trillion GDP... or 34%

Add in that 1.1 trillion of that GDP, was the Fed Government borrowing money (the added debt from last year)..


Where is Ross Perot with his charts, when ya need him?



Posted by: Bb Wolf at February 02, 2015 02:16 PM (qh617)

98 Why? Their answers were incoherent, but mostly revolved around sticking it to the "banksters".

That's what the state of libertarian thinking has devolved to.


So, that's analysis? That's an evaluation of libertarianism?

You're a fucking idiot.

Posted by: Bandersnatch at February 02, 2015 02:16 PM (1xUj/)

99 Imagine the tightrope he walks, moving forward a genuinely radical, longterm agenda while simultaneously, outwardlystriving to resemble a quasi-traditional American liberal.

Hence the teleprompter.

Posted by: AmishDude at February 02, 2015 02:16 PM (L2xDv)

100 They should pass a basic budget and then debate the merits of obama's "Apple tax".

Weeks of testimony from companies that will all take it in the slats if this money grab occurs. And from experts on how this would affect the prices of iphones. Keep talking about iphones and other consumer goods.
Publish the list of companies, and make sure that the total number of companies is known. And at least one product that will rise in price.

Posted by: Blue Hen at February 02, 2015 02:16 PM (Spluw)

101 That's what the state of libertarian thinking has devolved to.

Posted by: Costanza Defense at February 02, 2015 02:13 PM (ZPrif)

Don't forget getting high.

Whenever somebody asks me about my political leanings they invariably say something like, "You sound sort of libertarian."

Then I punch them, because I will be damned if I want to be linked to that bunch of knuckle-dragging, booger-eating retards.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:17 PM (Zu3d9)

102 If he vetoes the budget send him a new budget. That's smaller. Reduce it in a percentage based on the days from his veto to the passage of the next budget.

Posted by: Buzzion at February 02, 2015 02:17 PM (z/Ubi)

103 91 Are you from a 1950s rom-com?

;-)
Posted by: Sean Bannion at February 02, 2015 02:16 PM (6rKEC)


No. Just Brooklyn. The real Brooklyn, as opposed to the borough currently occupied by out of town hipsters and the same old shvar . . .

Posted by: J.J. Sefton at February 02, 2015 02:17 PM (CMkNk)

104 This is part of the "Let it Burn" scenario - Obama's just hitting the turbocharger as he steers the car into the ditch.

Yeah, given how the American people don't seem to be reacting in horror to the current situation, I just don't see the magical "Hey, this situation is untenable, let's let the Republicans take over the country" moment people seem to be hoping for.

Posted by: bonhomme at February 02, 2015 02:17 PM (jhqr1)

105 So, that's analysis? That's an evaluation of libertarianism?

You're a fucking idiot.
--
Go fuck yourself, dipshit.

Posted by: Costanza Defense at February 02, 2015 02:17 PM (ZPrif)

106 "Remember when the Democrats said, 'Sure, the economy is good, but anyone can have a good economy with a $200 Billion deficit'. That was during the Reagan years. So Barky can't produce Reagan's economy with Reagan's (comparatively tiny) deficit?"

I've beaten this particular dead horse till there's nothing left of it save for tail and teeth.

What the GOP Congress need to do is to give Obama a budget that contains Bill Clinton levels of money. Adjusted for inflation and population growth.

And then repeatedly, pointedly, publicly put the onus on Obama to perform.

"Clinton was able to produce strong growth and low unemployment with this level of spending. What's the problem with Obama that he can't do the same? Is Barack Obama not as smart as Bill Clinton?"

You can imagine how happy such comparisons would make the Pathological Narcissist In Chief.

Posted by: torquewrench at February 02, 2015 02:17 PM (noWW6)

107 Raise interest rates and I'll show you austerity.

Posted by: Bob from table9 at February 02, 2015 02:15 PM (WNERA)
*******
I am a Stone Cold BITCH

Posted by: Math at February 02, 2015 02:17 PM (fLKzW)

108
What do you expect from a president who had his credit card declined after dinner of burrata with salsa verde and endive salad?
Historic.

Posted by: wth at February 02, 2015 02:18 PM (wAQA5)

109 Miss me yet?

Posted by: Jimmy Carter's $1.33T 1980 Federal Budget at February 02, 2015 02:18 PM (8ZskC)

110 Whatever, there's no opposition party so it really doesn't matter anymore.

The GOP is paralyzed at the prospect of being blamed for a government shut down so expect Orange Crush and the Tennessee turtle to bend their knee.

The only thing I pray to god is this asshole doesn't get another shot at a SCOTUS nomination or God forbid more.

Posted by: Kreplach at February 02, 2015 02:18 PM (DDFkt)

111 How's that Cromnibus Bill looking now GOPe?

Posted by: Joe Mama at February 02, 2015 02:18 PM (OM9Av)

112 This "boosts" the middle class the same way those ancient Soviet rockets just boosted that payload which exploded before it made it to orbit.

***

I swear the mayor said as he lifted me out of the cage, "Let me give you a boost there, lil fella!"

Posted by: diBlasio's dead groundhog at February 02, 2015 02:18 PM (NeFrd)

113 Posted by: Bob from table9 at February 02, 2015 02:15 PM (WNERA)

Good point.

The fed funds rate (often misreported as the "Prime rate" which is different) is currently 0%. The actual Prime rate is 3.25%.

What happens when the fed funds rate goes up to .5%? 1%?

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:18 PM (kff5f)

114 Yay, cat fight!!!

Posted by: Misanthropic Humanitarian at February 02, 2015 02:18 PM (/GgDU)

115 Father of the groom, after the wedding massacre: "Please, this is supposed to be a happy occasion. Let's not bicker and argue over who killed who."

Posted by: wooga at February 02, 2015 02:18 PM (HoRFj)

116 Average libertarian is an idiot or barely concealed paranoid jew-hater. That's just Science.

Posted by: Costanza Defense at February 02, 2015 02:18 PM (ZPrif)

117 The f*cker's never *made* a budget.

IIRC, he submitted at least one that a Democrat-run Senate voted down without a single yea. But yeah, "he" in that sentence means "some dim kids whose parents bought them a job in Washington."

Posted by: HR needs donuts at February 02, 2015 02:18 PM (ZKzrr)

118 From earlier threads:

"There stands Boehner and McConnell, like a stone wall."

Also:

"Any budget sent by the President is dead on arrival." Press conference on the Capital steps by . . . Tip O'Neil.

Posted by: RoyalOil at February 02, 2015 02:18 PM (5yHi1)

119 That's what the state of libertarian thinking has devolved to.
***
In the late 90s the libertarian establishment made a hard play for the dopetarians.

They did this by deprioritizing every other libertarian stand.

And it worked. They managed to get a lot of dopetarians aligned with the LP or just "libertarianism".

The problem is that these new "libertarians" believe in a leviathan strong enough to crush those that dissent from environmentalism, socialism, and the rest of the modern left's isms...as long as everyone gets free weed.

And so we now see the corruption of libertarianism.

Posted by: 18-1 at February 02, 2015 02:18 PM (5DM9u)

120 Over / Under on odds King Putt tries to push forward the Nationalized Pension, complete with IRA and 401k conversions, once this busts ?

Posted by: ScoggDog at February 02, 2015 02:19 PM (qcr5D)

121 Aren't we glad that the socons, purists ad other such undesirable scum hve been purged, thus making way for the fiscally responsible growups?

Posted by: Blue Hen at February 02, 2015 02:19 PM (Spluw)

122 Miss me yet?

Posted by: Jimmy Carter...


****


Aaaaaahhh! Get away from me with that canoe paddle you wabbit whacker!

Posted by: diBlasio's dead groundhog, swimming for his life at February 02, 2015 02:19 PM (NeFrd)

123 You can imagine how happy such comparisons would make the Pathological Narcissist In Chief.
Posted by: torquewrench at February 02, 2015 02:17 PM (noWW6)

Posted by: Misanthropic Humanitarian at February 02, 2015 02:19 PM (/GgDU)

124 I can't wait until he's gone!

Posted by: Carol at February 02, 2015 02:19 PM (sj3Ax)

125 116 Average libertarian is an idiot or barely concealed paranoid jew-hater. That's just Science.

You forget the "stoners who have not this thing through," "gold bugs," and "tire-walled compound dweller" contingents.

Posted by: wooga at February 02, 2015 02:20 PM (HoRFj)

126 I'll see you on down the road.

Posted by: Steve Austerity at February 02, 2015 02:20 PM (wAQA5)

127 I wasn't talking to Bandersnatch, but he felt the need for the personal insult. Which is typical of him.

Posted by: Costanza Defense at February 02, 2015 02:20 PM (ZPrif)

128 120 Over / Under on odds King Putt tries to push forward the Nationalized Pension, complete with IRA and 401k conversions, once this busts ?
Posted by: ScoggDog at February 02, 2015 02:19 PM (qcr5D)


It's always been out there. Now it will come to the fore.

Posted by: J.J. Sefton at February 02, 2015 02:20 PM (CMkNk)

129 OOPS, Not a big fan of Newt, but he has bigger balls than Johnny in reference to #123

Posted by: Misanthropic Humanitarian at February 02, 2015 02:20 PM (/GgDU)

130 So, that's analysis? That's an evaluation of libertarianism?

You're a fucking idiot.


Just as there are reasonable and normal feminists, so do reasonable and normal libertarians exist. But "feminism" as practiced by a substantial plurality is a loony and whacky land, just as libertarians can be.

Posted by: bonhomme at February 02, 2015 02:20 PM (jhqr1)

131 I'll just point out the contrast here between the Orange Worm, where the Republicans control both Houses of Congress-

and Tip O'Neill, Democrat speaker of the House, when the Dims only ran the House when Reagan was President-

When Reagan proposed a budget,

Tip (O'the Dick) O'Neill would call a news conference come out and say- quote-

"The President's budget is dead on arrival."

or

"This budget is dead on arrival."

and then say very little else.

Strangely enough, he was able to get much of what he wanted-

while only controlling one half of one third of the gov't.


Orange Worm and Turdle fail.





Posted by: naturalfake at February 02, 2015 02:20 PM (0cMkb)

132 But "feminism" as practiced by a substantial plurality is a loony and whacky land, just as libertarians can be.
Posted by: bonhomme at February 02, 2015 02:20 PM (jhqr1)


THIS

Posted by: Sean Bannion at February 02, 2015 02:21 PM (6rKEC)

133 "Clinton was able to produce strong growth and low unemployment with this level of spending. What's the problem with Obama that he can't do the same? Is Barack Obama not as smart as Bill Clinton?" You can imagine how happy such comparisons would make the Pathological Narcissist In Chief.
Posted by: torquewrench

And watch the clinton camp go into convulsions. To pounce or not?

Posted by: Blue Hen at February 02, 2015 02:21 PM (Spluw)

134 "Here's a weird thing, several of the libertarians I know were happy that the Syrzup crazies in Greece won. Libertarians cheering on Communists -- kinda weird."

I'll just mention again here briefly the Greek anarchist bloc noisily protesting in the streets. Protesting against... pay and benefit cuts for wildly overpaid Greek public sector employees.

Anarchists For Big Government.

I completely expect to see similar scenes in the USA as the whole hopelessly bankrupt national apparatus follows the Greek trajectory. Our "anarchists" aren't any more intellectually consistent than are theirs.

Posted by: torquewrench at February 02, 2015 02:21 PM (noWW6)

135 "Go Obama. Go Obama. Can you say 20 Trillion debt?
It is only money."


And Monopoly money at that.

Posted by: Keith Arnold at February 02, 2015 02:22 PM (iIzG7)

136 I've long said: Since the Dems love, love, love to tell us how great the economy was under Clinton--why in the world won't the Republicans just send up a word-for-word copy of Clinton's budget proposals merely adjusted for inflation.

And when the fuckers howl and whine about the massive, horrendous cuts: Tell them it's Clinton's budget, and if it was good enough to bring about all that prosperity then, it's doubly good now.


Posted by: RoyalOil at February 02, 2015 02:22 PM (5yHi1)

137 And Monopoly money at that.

Posted by: Keith Arnold at February 02, 2015 02:22 PM (iIzG7)


I think, at this point, the Monopoly money has more value.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:22 PM (kff5f)

138 Posted by: torquewrench at February 02, 2015 02:12 PM (noWW6)

Now add in the 1.1 Trillion the Fed Gov went into debt last year....

Which COUNTS as GDP numbers...

So 6.5% of GDP last year was additional debt accrued by the Fed Government....

Which is 2.5 TIMES higher, than their 'growth' rate...


Annndddd... considering there are less Native born citizens working... and Household incomes have dropped... where is this 'growth'? ie... just who in the hell is making more money?

Posted by: BB Wolf at February 02, 2015 02:22 PM (qh617)

139 68 Remember when the Democrats said, "Sure, the economy is good, but anyone can have a good economy with a $200 Billion deficit".

That was during the Reagan years. So Barky can't produce Reagan's economy with Reagan's (comparatively tiny) deficit?
Posted by: bonhomme at February 02, 2015 02:12 PM (jhqr1)


I like this, so I'm quoting it again.

Posted by: AmishDude at February 02, 2015 02:22 PM (L2xDv)

140 So the only jobs created in Obama's recovery were all due to Fracking and high oil prices. Any guesses what the next couple of quarter's umemployment will look like now that gas is cheaper than milk by the gallon?

Posted by: Super Creepy Rob Lowe at February 02, 2015 02:23 PM (oDCMR)

141 The fed funds rate (often misreported as the "Prime rate" which is different) is currently 0%. The actual Prime rate is 3.25%. What happens when the fed funds rate goes up to .5%? 1%?
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:18 PM (kff5f)


--------------------------------------


Buy gold now!

Posted by: Glenn Beck at February 02, 2015 02:23 PM (/HX7u)

142 When Reagan proposed a budget, Tip (O'the Dick) O'Neill would call a news conference come out and say- quote- "The President's budget is dead on arrival." or "This budget is dead on arrival." and then say very little else. Strangely enough, he was able to get much of what he wanted- while only controlling one half of one third of the gov't. Orange Worm and Turdle fail.
Posted by: naturalfake

he was a dem. They can say this shit and get away with it. Obama manufactured both the crisis AND the sequester. And he's allowed to get away with blaming others.

Posted by: Blue Hen at February 02, 2015 02:23 PM (Spluw)

143 Another idea for the opposition party we wished we had...

There are roughly 100M taxpayers. So a $4T budget means $40k a piece.

The LIVs don't get what a trillion is...so only talk about the budget moving forward in the cost of the average taxpayer.

Obama's budget takes $40,000 from the average taxpayer...we can't afford him to throw around money like that!!!

Of course the liberals and the state media won't play along...but talk about it that way and the LIVs will start to understand the scope of the problem.

Posted by: 18-1 at February 02, 2015 02:23 PM (5DM9u)

144 You know what Americans can't afford?

4 FUCKING TRILLION DOLLARS ON TOP OF 18 TRILLION IN THE HOLE.

Posted by: Tattoo De Plane at February 02, 2015 02:23 PM (Y92Nd)

145 You're adorable! But leave this to your betters.

[and some extra foam on my latte please]
Posted by: Inside The Beltway (cocktails anyone?) at February 02, 2015 02:14 PM (Zu3d9)



No problem!

What? Yes, that is totes foam.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:23 PM (mf5HN)

146 Posted by: huerfano at February 02, 2015 02:13 PM (bAGA/)
---------
I've worked road construction. Those jobs are always temporary, then you go look for another project. Durbin (who can go suck a bag of dicks) keeps running out that same old tired argument. That Keystone would only create about 35 permanent jobs. A road construction project doesn't create any permanent jobs.

Posted by: Old Blue at February 02, 2015 02:23 PM (vVSOO)

147 Buy gold now!

Posted by: Glenn Beck at February 02, 2015 02:23 PM (/HX7u)


You misspelled "guns and ammunition."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:23 PM (kff5f)

148 The Hill asks, "Can Obama's Approval Rating Keep Rising?"

It can and it will, because he will continue to troll for the rest of his term, the actions all done to posit him as a reasonable man trying to give to the middle class, and all cynically political to bait his opposition into looking like nasty fools.

Posted by: the littl shyning man at February 02, 2015 02:23 PM (vSxTY)

149 And watch the clinton camp go into convulsions. To pounce or not?
Posted by: Blue Hen at February 02, 2015 02:21 PM (Spluw

I'm just saying, if it were me as a GOP elected official I wouldnt bring up any possible positive things of a Clinton administration. Hillary doesn't need any help from our side. And I use the word "Our" loosely.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:23 PM (/GgDU)

150 Ron Paul, America's best know libertarian, built an entire political movement railing against "banksters". Paranoid jew-hatred isn't exactly a new thing for libertarianism.

Posted by: Costanza Defense at February 02, 2015 02:24 PM (ZPrif)

151 68 Remember when the Democrats said, "Sure, the economy is good, but anyone can have a good economy with a $200 Billion deficit".

That was during the Reagan years. So Barky can't produce Reagan's economy with Reagan's (comparatively tiny) deficit?
Posted by: bonhomme at February 02, 2015 02:12 PM (jhqr1)


Yes but...

RACISM!!!!!!!!!!!!

Posted by: Cicero (@cicero) at February 02, 2015 02:24 PM (8ZskC)

152 The nation has changed. Ten years ago, a president proposing even higher spending after running up the debt to $18 trillion would be run out on a rail

I think you misspelled One Hundred and Fifty. Deficit spending is a hobby long enjoyed by presidents and congresses of both parties.

Posted by: Gristle Encased Head at February 02, 2015 02:25 PM (+lsX1)

153 "Hey, this situation is untenable, let's let the Republicans take over the country" moment people seem to be hoping for.





Posted by: bonhomme at February 02, 2015 02:17 PM (jhqr1)

Whoa,....no one said anything about the Republicans being willing or even able to stop this train wreck.

With well over $100 Trillion in Unfunded Liabilities, the brightest of them know the only way that could ever be paid without actually cutting the programs is to seriously devalue the dollar.
I don't think even the Republicans have a plan as this hits the wall.
We can all sit around talking about the situation in 10 or 20 years as we sip our $5000 coffees at Tim Hortons.

Posted by: Stateless Infidel at February 02, 2015 02:25 PM (AC0lD)

154 Co-worker issues again. It's a daily thing now.

Maybe it's a thing with working with women.

Do any of ya'll have drama at your workplaces?

Posted by: TickledPink at February 02, 2015 02:25 PM (TMe1n)

155 This is part of the "Let it Burn" scenario - Obama's just hitting the turbocharger as he steers the car into the ditch.




He hit the nitrous and found he couldn't steer.

Posted by: rickb223 MD 20/20 at February 02, 2015 02:25 PM (0SPUe)

156 Burt Sugarman called and said that what this thread needed was a theme song.

So here you go folks, all the way from 1977.

https://www.youtube.com/watch?v=4gpNqB4dnT4

Posted by: The Humpty at February 02, 2015 02:25 PM (2cmzM)

157 Annndddd... considering there are less Native born citizens working... and Household incomes have dropped... where is this 'growth'? ie... just who in the hell is making more money?
Posted by: BB Wolf at February 02, 2015 02:22 PM (qh617)

Corporations are people, my friend.

Posted by: Tattoo De Plane at February 02, 2015 02:25 PM (Y92Nd)

158 37

Cut the budget by 1% and send it to him. If he vetos it, hold
another vote. Force the Dems to defend why they can't even find 1% worth
of wasteful spending in the governement.
==========
Because even a 1% across-the-board cut would cut into the Republican's favorite welfare programs.

You know, like the USDA--food stamps and farm subsidies. And if they can't get that sweet, sweet corporate cash, how the hell do you expect them to win elections? You want them to actually take a position the voters agree with?

Posted by: RoyalOil at February 02, 2015 02:25 PM (5yHi1)

159 I can honestly say that I have never been dropped on my head by a libertarian.

There was one brief fumble by a librarian in 2003, but I landed on a grassy surface plus she was hawt, so I don't really count that time.

Posted by: diBlasio's dead groundhog, swimming for his life at February 02, 2015 02:26 PM (NeFrd)

160 Do any of ya'll have drama at your workplaces?
Posted by: TickledPink at February 02, 2015 02:25 PM (TMe1n)


:::: swingblade voice ::::

Mmmmmm hmmmmm

Posted by: Sean Bannion at February 02, 2015 02:26 PM (6rKEC)

161 Reality is for people who can't handle socialism.

Posted by: jwpaine at February 02, 2015 02:26 PM (a3NCX)

162 If the GOP could become more populist, its right on this Tea Party issue of deficit spending and the resulting debt. Let TFG and his Democrat sponges beg for more and bigger private airplanes, better agency celebrations and "conferences" and more crony "investment" gifts. Go ahead, let them be those assholes. Lets see GOP candidates mock them for stealing savings from hard working people, condemn them for creating more debt than ever done before in the history of man, and justifying the whole mess with fake "climate change" and "health care for all" and all the other bullshit.

Posted by: MTF at February 02, 2015 02:26 PM (FCsIb)

163 154 Co-worker issues again. It's a daily thing now.

Maybe it's a thing with working with women.

Do any of ya'll have drama at your workplaces?
Posted by: TickledPink at February 02, 2015 02:25 PM (TMe1n

Can't work with them, can't shoot them.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:26 PM (/GgDU)

164 Doesn't a ratchet work both ways?

Posted by: Super Creepy Rob Lowe at February 02, 2015 02:26 PM (oDCMR)

165 ...and women are "dames" or "broads" or "tomatoes".

Are you from a 1950s rom-com?



Of all the gin joints......

Posted by: rickb223 MD 20/20 at February 02, 2015 02:26 PM (0SPUe)

166 $4T is over $33k per US household.

So taking that out of the middle class helps the middle class.

Awesome logic.

Posted by: 0302 at February 02, 2015 02:27 PM (N6eLE)

167 Over / Under on odds King Putt tries to push forward the Nationalized Pension, complete with IRA and 401k conversions, once this busts ?
***
Interestingly, if/when this comes it will be a good last measure of where we are as a country.

Barky demanding everything you've spent your whole life working for so that he can pay off his friends....

Will the citizenry stand for it or do something Boston Tea Party-ish? If not the American Republic is truly dead.

Posted by: 18-1 at February 02, 2015 02:27 PM (5DM9u)

168 Posted by: Bandersnatch at February 02, 2015 02:16 PM (1xUj/)

I present the recent Reason.com article about Chris Kyle being a murderer as proof positive that libertarianism has devolved into a flaccid, shallow political philosophy that is obsessed by legalizing drugs.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:27 PM (Zu3d9)

169
President I Don't Wanna Play Whack-A-Mole Deserves A Spending Spree. After All, obama Cut The Deficit In Half.

Posted by: Soothsayer at February 02, 2015 02:27 PM (kgXbV)

170 Corporations are people, my friend.
Posted by: Tattoo De Plane



So is Soylent Green......

Posted by: rickb223 MD 20/20 at February 02, 2015 02:28 PM (0SPUe)

171 Considering how well Kenya is doing you have to ask yourself 'did we get the only retarded Kenyan'?

Posted by: Super Creepy Rob Lowe at February 02, 2015 02:28 PM (oDCMR)

172 So when will it be time to shoot the bastards? Just wondering.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:28 PM (6fyGz)

173

Out : Mindless austerity
In : Mindless profligate spending

Posted by: Bertram Cabot Jr. at February 02, 2015 02:28 PM (W5DcG)

174 And watch the clinton camp go into convulsions. To pounce or not? Posted by: Blue Hen at February 02, 2015 02:21 PM (Spluw I'm just saying, if it were me as a GOP elected official I wouldnt bring up any possible positive things of a Clinton administration. Hillary doesn't need any help from our side. And I use the word "Our" loosely.
Posted by: Misanthropic Humanitarian

The Clinton camp will either ignore it, deny it, or run with it. Ignoring it is dangerous, because they are letting the clinton magic be bandied about. If JEF refutes it, that damages the said magic. Denying it isn't likely. Running with it means that the dems ad the MFM are going to turn on each other.

Posted by: Blue Hen at February 02, 2015 02:29 PM (Spluw)

175 >>>>And so we now see the corruption of libertarianism.

Well, let's face it -- it's inherent to the system

/still being oppressed

Posted by: Dennis the Peasant at February 02, 2015 02:29 PM (3ZtZW)

176 Hey, maybe we can't afford free college and community college?

Posted by: Lizzy at February 02, 2015 02:29 PM (ABcz/)

177 Buy gold now!

Posted by: Glenn Beck at February 02, 2015 02:23 PM (/HX7u)

You misspelled "guns and ammunition."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:23 PM (kff5f)



****

You misspelled "burrowing mammalian herbivores".

Posted by: diBlasio's dead groundhog, spokesrodent extraordinaire at February 02, 2015 02:29 PM (NeFrd)

178 I present the recent Reason.com article about Chris Kyle being a murderer as proof positive that libertarianism has devolved into a flaccid, shallow political philosophy that is obsessed by legalizing drugs.
Posted by: CharlieBrown'sDildo at February 02, 2015 02:27 PM (Zu3d9)


Right. And they are supposedly the intellectual mothership of libertarianism.

Somewhere Lyndon LaRouche is smiling and rubbing his hands together gleefully.

Posted by: Sean Bannion at February 02, 2015 02:29 PM (6rKEC)

179 "So the only jobs created in Obama's recovery were all due to Fracking
and high oil prices. Any guesses what the next couple of quarter's
unemployment will look like now that gas is cheaper than milk by the
gallon?"

We are expecting those numbers to look quite good, now that you mention it.

Posted by: Department Of Illegal Alien Work Permits at February 02, 2015 02:29 PM (1BQGO)

180 168 Posted by: Bandersnatch at February 02, 2015 02:16 PM (1xUj/)

I present the recent Reason.com article about Chris Kyle being a murderer as proof positive that libertarianism has devolved into a flaccid, shallow political philosophy that is obsessed by legalizing drugs.
Posted by: CharlieBrown'sDildo at February 02, 2015 02:27 PM (Zu3d9)

Now if he had been shooting at the other party in the ME he would be a hero, amirite?

Posted by: Misanthropic Humanitarian at February 02, 2015 02:31 PM (/GgDU)

181 Posted by: RoyalOil at February 02, 2015 02:25 PM (5yHi1)

Yup... the only real difference I see between Democrats and Republicans...

is which group they want to use Government power to give money to....

Nobody is Washington is actually talking about should they be taking that money at all...

Posted by: BB Wolf at February 02, 2015 02:31 PM (qh617)

182 President I Don't Wanna Play Whack-A-Mole


*****


Now that's what I'm talkin' about.

Posted by: diBlasio's dead groundhog, spokesrodent extraordinaire at February 02, 2015 02:31 PM (NeFrd)

183 Co-worker issues again. It's a daily thing now.

Maybe it's a thing with working with women.

Do any of ya'll have drama at your workplaces?
Posted by: TickledPink at February 02, 2015 02:25 PM (TMe1n)


Not here and my office is overwhelmingly female. It's also very small so any drama would be stamped out immediately since we have no choice but to get along

There's a reason I refer to working at my old job as working for the psychopaths.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:31 PM (mf5HN)

184
Be happy that you're not This Guy:

https://twitter.com/Pats_Superbowl/status/559733616977399809/photo/1

Posted by: Soothsayer at February 02, 2015 02:31 PM (kgXbV)

185 As a practical matter, if we had an opposition party that was truly willing to go after leviathan we could makes things hard for the government party out of the gate.

Part of the reason the government party works so well it is fully insulated.

Give your average government drone the experience of losing his job because you cut his job from the budget and suddenly he might care about the state of the private sector...because he's going to have to go job hunting there even if the Dems retake the government in 2 years...

Posted by: 18-1 at February 02, 2015 02:31 PM (5DM9u)

186 I'm trying to find a way to keep cigarettes fairly fresh for as long as possible. I figure you could nitrogen seal them and they would still be smokable after a couple of years. Any thoughts from smokers out there?

Posted by: Bob Belcher at February 02, 2015 02:31 PM (Xrson)

187 "For the middle class..."

I call bullshit. The SCOAMF has never seen the middle class, and has no evidence of its existence. In his mind, or at least in what passes for his mind, there are teeming masses of the "underprivileged" in need of a big, statist central government to provide for them, a cloister of rich cronies to funnel all that sweet government money to, and "the rest of us," whose sole purpose for existence to to be bullied, browbeaten, or punked into voting for him and funding his Leviathan. Just like there are flyover states, the middle class is flyover people to him and his kind.

Posted by: Keith Arnold at February 02, 2015 02:31 PM (iIzG7)

188 Yeah.

"boosting the middle class "

boosting cars . . .

Same difference.

Posted by: Dissent555 at February 02, 2015 02:31 PM (VFhMt)

189 Do any of ya'll have drama at your workplaces?


Posted by: TickledPink at February 02, 2015 02:25 PM (TMe1n)



I work nights specifically to escape all the BS but I occasionally see a drama llama at the hitching post.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:31 PM (6fyGz)

190 @120 Over / Under on odds King Putt tries to push forward the Nationalized Pension, complete with IRA and 401k conversions, once this busts ?
------------------------------

I don't think he has enough time in office. There's a certain amount of groundwork that will need to be laid in order to pull it off, and I don't think he has enough time to do that.

Posted by: junior at February 02, 2015 02:31 PM (UWFpX)

191 Fine- I'm outta here. See y'all in six weeks or so.

Posted by: diBlasio's dead groundhog at February 02, 2015 02:32 PM (NeFrd)

192 Posted by: bonhomme at February 02, 2015 02:20 PM (jhqr1)

There is nothing good to libertarianism. Nothing but chemtrails and 9-11 Trutherism and flouridated water radio mind control evil Joo Banker Illuminati conspiracy bullshit. Oh, yeah: free weed for everybody. So there's that.

Screw libertarianism. Worthless. Pointless. And now complete with suicidal ideas about foreign policy that somehow champion cartoony villain states like Iran and Russia and demonize Israel--you know, Israel, where all those evil Joos live.

Ron Paul is batshit crazy and--odds on--so is his son. That fruit is rotten to the core.

Posted by: troyriser at February 02, 2015 02:32 PM (CAJL/)

193 Seattle has changed its nickname to


THE LEGION OF OOPS!!!!!!!!!!!



Posted by: Aldo Moro at February 02, 2015 02:33 PM (8CdUx)

194 Somewhere Lyndon LaRouche is smiling and rubbing his hands together gleefully.
Posted by: Sean Bannion at February 02, 2015 02:29 PM (6rKEC)


By the insanity of cthulhu, I had no idea that LaRouche was still a thing.

I remember being a wee(er) alex and going to O'Hare to pick up my uncle when he flew in to visit and the LaRouche freaks were out and about with the Moonies.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:33 PM (mf5HN)

195 Mindless austerity...

Sure I by the new iPhone every year - but this time I wasn't allowed to buy a new case!

Obamanomics...

I got the new iPhone and an unlimited budget at RussianWives.com!

Posted by: 18-1 at February 02, 2015 02:33 PM (5DM9u)

196 Barky demanding everything you've spent your whole life working for so that he can pay off his friends.... Will the citizenry stand for it or do something Boston Tea Party-ish? If not the American Republic is truly dead.
Posted by: 18-1 at February 02, 2015 02:27 PM (5DM9u)


---------------------------------------


As long as the gubmint keeps the masses warm and comfortable with cell-phones and HD tvs, no one will lift a finger.

Yeah, the republic is gone.

Posted by: Glenn Beck at February 02, 2015 02:33 PM (/HX7u)

197
I present the recent Reason.com article about
Chris Kyle being a murderer as proof positive that libertarianism has
devolved into a flaccid, shallow political philosophy that is obsessed
by legalizing drugs.


Posted by: CharlieBrown'sDildo at February 02, 2015 02:27 PM (Zu3d9)

The evidence is indeed abundant. Libertines have thoroughly corrupted libertarianism.

Forgot which libertarian cob around here told me a few years ago that lumping libertines and libertarians together wasn't smart.

Yeah, well... proof's in the pudding, folks.

Posted by: Kinley Ardal at February 02, 2015 02:33 PM (9LuAk)

198 Oh well ... I guess the GOP just doesn't have the votes. Looks like they'll need the House, Senate, AND Oval Office to reduce government and limit spending.


Yeah ... that'll work.

Posted by: ScoggDog at February 02, 2015 02:33 PM (qcr5D)

199 188 Yeah.

"boosting the middle class "

boosting cars . . .

Same difference.
Posted by: Dissent555 at February 02, 2015 02:31 PM (VFhMt

Quite frankly I don't want to be boosted.
I would just like to be left alone. PERIOD

Posted by: Misanthropic Humanitarian at February 02, 2015 02:34 PM (/GgDU)

200 186 I'm trying to find a way to keep cigarettes fairly fresh for as long as possible. I figure you could nitrogen seal them and they would still be smokable after a couple of years. Any thoughts from smokers out there?
--------------------
Freeze them. Its what Yankees do.

Posted by: Super Creepy Rob Lowe at February 02, 2015 02:34 PM (oDCMR)

201 You're right, Ace, the nation has changed. But not really. The part that changed is the vocal left seized the microphone for the last six years. The silent right voted.

Posted by: MaxMBJ at February 02, 2015 02:34 PM (5/iFs)

202 I present the recent Reason.com article about Chris
Kyle being a murderer as proof positive that libertarianism has devolved
into a flaccid, shallow political philosophy that is obsessed by
legalizing drugs.


Posted by: CharlieBrown'sDildo at February 02, 2015 02:27 PM (Zu3d9)



Once upon a time I was a card-carrying member of the Libertarian Party...right up until they, as a party, could not decide if it was OK to go after the terrorists on 9/12/01. Party of principle my bleeding anus. Drugged up pacifists is more like it.

I agree with a lot of their stated principles, but they as a party have a hard time aligning them with the real world or actually living up to them when they have the chance.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:34 PM (6fyGz)

203 By the insanity of cthulhu, I had no idea that LaRouche was still a thing.
Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:33 PM (mf5HN)


He lives an hour from me.

Maybe we can set-up a field trip for the NoVAMoMee III crowd.

Posted by: Sean Bannion at February 02, 2015 02:34 PM (6rKEC)

204 What? Yes, that is totes foam.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:23 PM (mf5HN)

What really fcuking pisses me off is when these idiots talk about how borrowing can be healthy, and then trot out the retarded comparison with buying a house.

Yes....many of us go into debt to purchase homes. With positive cash flow to service that debt. And a payment schedule that decreases the debt every year for a finite period until paid in full.

I hate them all. I hate them for insulting me with the assumption that I am stupid. I hate them for being stupid themselves and not realizing it.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:34 PM (Zu3d9)

205 In 1985 the deficit to GDP ratio was -5%.

Last year it was -2.5%

Posted by: Mr. Moo Moo at February 02, 2015 02:34 PM (0LHZx)

206 Do any of ya'll have drama at your workplaces?


Daily. But it's males doing the whining and bitching (notice I did not say men).

Protip: Facilities isn't going to turn up the thermostat, go buy some socks and shut up already.

Posted by: HR needs donuts at February 02, 2015 02:35 PM (ZKzrr)

207 @194 By the insanity of cthulhu, I had no idea that LaRouche was still a thing.
-------------------

I think the last time I saw anything La Rouche related was a year or two before Bush left office. There was a group of supporters that would sometimes set up a display on the sidewalk decrying the evil Cheney, among other things.

Posted by: junior at February 02, 2015 02:35 PM (UWFpX)

208 Jug ears doesn't care about the budget. He is living out the left wing playbook based on the fantasy that shut-down theater is a winner for the donks everytime.

Posted by: joe-impeachin44 at February 02, 2015 02:35 PM (8UKC6)

209 Jug ears doesn't care about the budget. He is living out the left wing playbook based on the fantasy that shut-down theater is a winner for the donks everytime.

Posted by: joe-impeachin44 at February 02, 2015 02:35 PM (8UKC6)

210 Here is the drama of the day today.

So, TWO weeks ago...I was going to go run errands (for my job), took some cash out, and as it turns out, and I had forgotten, it was MLK day. The places I was needing to go, including the post office were closed. I forgot I had the cash, and left it in my purse. I normally put the cash back in IMMEDIATELY when I get back from the errands.

This is the only time in 10 years I have ever forgotten to put the money back in. Well, co-worker of mine, the same from the prior stories balanced the cash, and asked if I knew about it. It jarred my memory and I explained that I had it, because I hadn't gotten to any of the places I needed to go. And, I forgot to put it back in. Just like I just told you guys.

She claimed she understood, it seemed to be hashed out, and nothing more has come of it. Until today....out of nowhere, she went to my boss and told her about the entire episode. Now, I don't know what was said on her end; I only know that my boss approached me about it. Again, once in 10 years, and as far as I knew, the air was cleared two weeks ago.

Why, all of the sudden, did this woman feel the need to go talk to the boss about it? Only 4 more days to go this work week.

Posted by: TickledPink at February 02, 2015 02:36 PM (TMe1n)

211 I don't think he has enough time in office. There's a certain amount of groundwork that will need to be laid in order to pull it off, and I don't think he has enough time to do that.
Posted by: junior at February 02, 2015 02:31 PM (UWFpX)


----------------------------------------


Two years is plenty of time for this regime. What's congress going to do? Stop him? How?

Posted by: Glenn Beck at February 02, 2015 02:36 PM (/HX7u)

212 190 @120 Over / Under on odds King Putt tries to push forward the Nationalized Pension, complete with IRA and 401k conversions, once this busts ?
------------------------------

I don't think he has enough time in office. There's a certain amount of groundwork that will need to be laid in order to pull it off, and I don't think he has enough time to do that.
Posted by: junior at February 02, 2015 02:31 PM (UWFpX

GOPe co-conspirators.
I wouldn't bet against it

Posted by: Misanthropic Humanitarian at February 02, 2015 02:36 PM (/GgDU)

213 I remember being a wee(er) alex and going to O'Hare to pick up my uncle when he flew in to visit and the LaRouche freaks were out and about with the Moonies.

Punch 'em out like in Airplane!

Posted by: Bertram Cabot Jr. at February 02, 2015 02:36 PM (W5DcG)

214 He lives an hour from me.

Maybe we can set-up a field trip for the NoVAMoMee III crowd.
Posted by: Sean Bannion at February 02, 2015 02:34 PM (6rKEC)



Wait. He's still alive?

LaRouche was 10,000 years older than sand when I was like 7.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:36 PM (mf5HN)

215 Hey bandersnatch, go douche somewhere and relax.

Posted by: The Mega Independent at February 02, 2015 02:36 PM (QCo5R)

216
There was a time when no one ever even thought of buying a house without at least 20% down.

Posted by: Soothsayer at February 02, 2015 02:36 PM (kgXbV)

217 Off weepy and melencholy sock

Posted by: Soona at February 02, 2015 02:37 PM (/HX7u)

218
Screw libertarianism. Worthless. Pointless
***
The problem isn't really the ideal - it has been around since before 1776, but the deep mistakes made in the ideological leadership since the late 90s.

In some ways it is very similar to the problem with the Republican party.

But it is much easier* to kick out party leadership and replace them with someone who isn't a cheese eating surrender turtle/oompha loompa then it is to clear out a corrupted ideology.

*Note I didn't say easy.

Posted by: 18-1 at February 02, 2015 02:37 PM (5DM9u)

219 I'd bet two quatloos that everything Obama knows about Greece he learned from Olivia Newton-John and John Travolta.

And the Middle Class.

Posted by: Fritz at February 02, 2015 02:37 PM (UzPAd)

220 It seems like, some days, like today, our Tyrant just does shit to push us further and further to the Right. Like he won't be happy until there's a rebellion and break- up. Couldn't possibly be the case, though, cause he loves his country so much.

Posted by: Kraken at February 02, 2015 02:37 PM (5+mPY)

221 The SCOAMF has never seen the middle class,

He did spend twenty years in a church that preached about how being middle-class was bad.

Posted by: HR needs donuts at February 02, 2015 02:37 PM (ZKzrr)

222 and, really, if our unpopular shit-head lameduck president perceives the opposition party is full of dickless humps that will roll over the minute he pretends to play hard ball...can you blame him for pretending to play hard ball?

He's not going to lame duck himself, you know.

Posted by: joe-impeachin44 at February 02, 2015 02:37 PM (8UKC6)

223 So a quick followup on the 2.4% economic growth in 2014:

Over the same calendar year, the federal debt went up by more then 4.5%.

What Obamanomics is delivering isn't really "growth" at all, net of debt.

Posted by: torquewrench at February 02, 2015 02:38 PM (noWW6)

224 216
There was a time when no one ever even thought of buying a house without at least 20% down.

Posted by: Soothsayer at February 02, 2015 02:36 PM (kgXbV)

__________

And there was a time when 36 month car loans were the norm. Today 60 is the norm, 84 is not unheard of.

Posted by: Mr. Moo Moo at February 02, 2015 02:38 PM (0LHZx)

225 Who President this is?

Posted by: Some guy at February 02, 2015 02:38 PM (RYQAM)

226 Posted by: Mr. Moo Moo at February 02, 2015 02:34 PM (0LHZx)

Check your math.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:38 PM (Zu3d9)

227 As long as the gubmint keeps the masses warm and comfortable with cell-phones and HD tvs, no one will lift a finger.



Yeah, the republic is gone.

Posted by: Glenn Beck at February 02, 2015 02:33 PM (/HX7u)


Is that bread I smell? And is that a calliope I hear? The circus must be in town, see all the monkeys?

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:38 PM (6fyGz)

228 GOPe co-conspirators.
I wouldn't bet against it
___
This is not the hill to die on.

Posted by: The Republican leadership at February 02, 2015 02:38 PM (5DM9u)

229 Also, why won't the GOP take a page out of Obama's playbook?

Propose the Fair Assessment Tax; a modest plan to retire the debt.

What is the FAT?

Merely a one-time only assessment upon each and every American of their fair share of the federal debt.

It's one time only, that's not so bad right?

And it's fair, it's right there in the name.

And it's a tax, Democrats love raising taxes.

What's that? It'll be something like $50k for everyone? But, how can they afford that?!!!

Exactly, fuckers: Now, pay the fuck up or go to jail.
Don't forget to vote for your favorite Democrat in November!

Posted by: RoyalOil at February 02, 2015 02:38 PM (5yHi1)

230 Another day, another f*ck you from Teh Won. Shameless little punk. Karma, puhleassse....

Posted by: John Doe@Another Quidam at February 02, 2015 02:38 PM (g1MTt)

231
Wait. He's still alive?

LaRouche was 10,000 years older than sand when I was like 7.
Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:36 PM (mf5HN)


He's 92 and lives in Leesburg, VA

Posted by: Sean Bannion at February 02, 2015 02:39 PM (6rKEC)

232 9 TFG can say he pinched off a steaming loaf onto the South Lawn for the benefit of the middle class and the MSM would eagerly nod their heads in agreement.

This is pure insanity.
Posted by: Jaws at February 02, 2015 02:02 PM (WKNX4)

He could bugger a Boy Scout on national television and Time would run a cover story lauding his courage in breaking a taboo.

Posted by: Northernlurker at February 02, 2015 02:39 PM (xNkaN)

233 If I were king I would implement a 10% cut on all government salaries and entitlements except for active duty military. I would next implement a flat tax. Lastly I would proclaim prima nocta for Kate Upton and Heather Graham.

Posted by: Bob Belcher at February 02, 2015 02:39 PM (Xrson)

234 218
No use for the Libertarian Party, but I do likes me some Liberty. Not so big of Egalite et Fraternite, cause tumbrels.

Posted by: Kraken at February 02, 2015 02:39 PM (5+mPY)

235 What Obamanomics is delivering isn't really "growth" at all, net of debt.
___
What are you talking about? My bank accounts are growing quite well.

Posted by: Obama at February 02, 2015 02:39 PM (5DM9u)

236 In before the Scorpion!

Posted by: toby928(C) at February 02, 2015 02:40 PM (evdj2)

237 The Queen of England sells heroin to our children.

Posted by: Lyndon LaDouche at February 02, 2015 02:40 PM (W5DcG)

238 "[Obama] did spend twenty years in a church that preached about how being middle-class was bad."

To be a bit more precise about it, what the Rev'd Wright preached was that it was bad for blacks to be "middle-class", for fear it would dampen their revolutionary leftist ardor.

Being white and middle class was bad in the Wright-Cone theology, but so was being white and rich, or white and poor.

Posted by: torquewrench at February 02, 2015 02:40 PM (noWW6)

239 Forgot which libertarian cob around here told me a few years ago that lumping libertines and libertarians together wasn't smart.

Yeah, well... proof's in the pudding, folks.


Exactly why I compared Libertarians to Feminists.

Some Feminists legitimately believe and act as if Feminism is all about equality. I applaud those people.

Some Libertarians legitimately believe and act as if Libertarianism is all about maximizing liberty. I applaud those people.

However, there are large contingents of both crowds that control real-world application of both philosophies. And their actions are ugly and unmistakably different from those aforementioned ideals.

You can legitimately argue that both philosophies are flawed and that the application is an inevitable consequence of the ideas. If so, more power to you. I'm content to realize the reality of how the philosophies are practiced by their "thought leaders."

Posted by: bonhomme at February 02, 2015 02:40 PM (jhqr1)

240 Latest weather forecast at 2:15 in Boston has temps in mid 20s. My thermometer had 17 last time I looked.

Thanks to everyone last week that told me to take things off radiators. It's much warmer w/o towels & a few things drying on them.

Posted by: Carol at February 02, 2015 02:41 PM (sj3Ax)

241 you know what also helps the middle class?

5.5Million plus new immigrants or H1B visas and 10 million illegals to take their jobs and drive down wages.

It's basic economics.

Posted by: joe-impeachin44 at February 02, 2015 02:41 PM (8UKC6)

242 I agree with a lot of their stated principles, but they as a party have a hard time aligning them with the real world or actually living up to them when they have the chance.
Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:34 PM (6fyGz)



Ding, ding, ding.

As someone who freely admits that I am fonder of theory than I am of reality, and as someone who is more along the libertarian side of the spectrum, I freely admit that the problem is when the gorgeous theory of libertarianism meets messy reality.

Reality is difficult and requires trading off of costs and benefits. Theory is much easier. Hell, crafting an intellectually consistent libertarian foreign policy position that takes into account real world consequences is tremendously challenging. It is far simpler to say screw you guys, I'm going home.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:41 PM (mf5HN)

243 Note: Obama may feel emboldened bc he realizes that the GOPe isn't going to oppose him on anything in the next two years.

What a bizarro world we live in, the R's win historic majorities in Congress, and the result is Obama is strengthened and even more ambitious in pushing through his destructive prog agenda.

Posted by: L, elle at February 02, 2015 02:41 PM (2x3L+)

244 By the insanity of cthulhu, I had no idea that LaRouche was still a thing.

About 2 years ago when I went to the DMV last there was a small LaRouche booth outside with IMPEACH OBAMA! stickers and stuff. I didn't pay a lot of attention to it.

Posted by: Ian S. at February 02, 2015 02:41 PM (B/VB5)

245 What really fcuking pisses me off is when these idiots talk about how borrowing can be healthy, and then trot out the retarded comparison with buying a house.

They borrow more like Cousin Pookey getting payday loans.

And in the Alternate Universe (no, not that one. NO, not that one *either*) where we have an actual opposition party, THAT is the comparison that is brought up frequently.

"Yes, responsible people often borrow substantial sums of money to purchase homes. If you hadn't noticed, we have a home. This is much more like someone visiting the payday loan stores one after the other, always getting deeper in debt."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:42 PM (kff5f)

246

Houses used to be within reach, decades ago, for just abot everyone with a full time job. Those with lousy jobs could buy a house if their WIFE worked.

But like health care and college, govt meddling has driven the price of housing sky high.

And today we have men who have 'husbands'.

Everything is all fucked up.

Posted by: Soothsayer at February 02, 2015 02:42 PM (kgXbV)

247 This word, "budget"... I don't think it means what TFG thinks it means.

Posted by: Damiano at February 02, 2015 02:42 PM (eAw1o)

248 By the insanity of cthulhu, I had no idea that LaRouche was still a thing.
***
yeah, the MSM4DNC somehow used them to libel/smear the tea party. because only one side has cwazzyy ideas.

Posted by: joe-impeachin44 at February 02, 2015 02:43 PM (8UKC6)

249 By the insanity of cthulhu, I had no idea that LaRouche was still a thing.
***
yeah, the MSM4DNC somehow used them to libel/smear the tea party. because only one side has cwazzyy ideas.

Posted by: joe-impeachin44 at February 02, 2015 02:43 PM (8UKC6)

250 LaRouche was 10,000 years older than sand when I was like 7.

Posted by: alexthechick has a link in her name that pixy doesn't like at February 02, 2015 02:36 PM (mf5HN)



It's the formaldehyde. Keeps him well preserved.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:43 PM (6fyGz)

251 #BlackLivesMatter versus Rev. Al

Pass the popcorn.


Posted by: RWC at February 02, 2015 02:43 PM (fWAjv)

252 1985 GDP 4.3T
1985 deficit 212B

4.9% deficit to GDP ratio.

OK so I said 5%, it was 4.9%....my bad.



Posted by: Mr. Moo Moo at February 02, 2015 02:43 PM (0LHZx)

253 Reality is difficult and requires trading off of costs and benefits.

And with no certain of success if changes are implemented, Your Grace.

Political theory is all hubris, says I.

Posted by: toby928(C) at February 02, 2015 02:43 PM (evdj2)

254 There was a time when no one ever even thought of buying a house without at least 20% down.

Now, with negative amortization mortgages they can put next to nothing down and not even pay enough to keep even. Instead the principle amount rises every year.

Those damn predatory (whisper 'Jew') bankers are the problem. And Wall Street.

/sarc

Posted by: SE Pa Moron at February 02, 2015 02:44 PM (zxQ4h)

255 234 218
No use for the Libertarian Party, but I do likes me some Liberty. Not so big of Egalite et Fraternite, cause tumbrels.

Posted by: Kraken at February 02, 2015 02:39 PM (5+mPY)



Liberte, Egalite, Nudite.

Posted by: Jay Guevara at February 02, 2015 02:44 PM (oKE6c)

256 Pretty comprehensible to me. Obama hates Israel. And America. But especially Israel.

@chasrmartin: Egypt's Foreign Minister: Muslim Brotherhood/State Dept Meeting 'Incomprehensible' http://fb.me/3vpiLrr3t

Posted by: Costanza Defense at February 02, 2015 02:44 PM (ZPrif)

257 It's the formaldehyde. Keeps him well preserved.
Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:43 PM (6fyGz)



Chemtrails, man, chemtrails.


Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:44 PM (mf5HN)

258 House and/or Senate should pass their own new rule:

No bill gets passed until TFG shoves that bill up his ass.

Posted by: Tex Lovera at February 02, 2015 02:44 PM (wtvvX)

259 Political theory is all hubris, says I.
Posted by: toby928(C) at February 02, 2015 02:43 PM (evdj2)


*ahem*

Get off my turf, kid.

Posted by: Socrates at February 02, 2015 02:45 PM (6rKEC)

260 >>>Reality is difficult and requires trading off of costs and benefits. Theory is much easier
-------

And our president missed that week of class.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:45 PM (/GgDU)

261 Oh well ... I guess the GOP just doesn't have the votes. Looks like
they'll need the House, Senate, AND Oval Office to reduce government and
limit spending.


Yeah, that worked like a charm the last time that was the case, right?

Oh, wait...

Posted by: DocJ at February 02, 2015 02:45 PM (0RQVM)

262 @211 Two years is plenty of time for this regime. What's congress going to do? Stop him? How?
------------------

The *public* isn't ready for it. Everyone still thinks they deserve what's in their own retirement accounts. Some Dems have suggested taxing Roth IRAs (again, I might add, since money is put into a Roth after being taxed), but the party leaders haven't felt crazy enough to act on those ideas yet. Messing with retirement accounts is simply too much political suicide at this point, even when you're talking about retirement accounts that are billed as being for rich people (since Roths are frequently used after non-taxable accounts hit their annual maximum).

Nationalizing the accounts will require a PR campaign that will need to last at least a couple of years to bring enough of the public around. Remember, right now we're constantly assured by the Dems that nothing is wrong with Social Security. When you start to hear the Dems proclaiming otherwise, then expect to see moves toward looting the retirement accounts.

Posted by: junior at February 02, 2015 02:45 PM (UWFpX)

263 I would imagine Obama won't try the 401K takeover until after the 2016 election.

I can only imagine how many stunts he will pull in the two months between the election and his leaving office. He will be kil of LIB because if I can't be president, no one can!

Will probably make Clinton's last minute pardons, furniture stealing, and office vandalism look cute and harmless.

Posted by: Lizzy at February 02, 2015 02:45 PM (ABcz/)

264 and not even pay enough to keep even. Instead the principle amount rises every year.

Wait, what?

Whose insane idea was that?

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:45 PM (kff5f)

265 Borrowing for EBT consumption is just the same as borrowing to build a factory.

Where have you gone Calvin Coolidge, our nation turns it's lonely eyes to you, woohoohoo.

Posted by: toby928(C) at February 02, 2015 02:46 PM (evdj2)

266 will the actual budget clear $4.5 billion, or will it just be more continuing resolutions and bullshit right down the line?

Posted by: redc1c4 at February 02, 2015 02:46 PM (RiMtm)

267 "Note that Obama may feel emboldened by the success of the extreme left-wing winning on an anti-austerity, tax-and-spend platform in left-wing Greece."

Well then. Let's hold off on this whole budget thing. We've gotten by without one for 6 years. Let's wait a couple more years and see how this Greece thing works out.

Better safe then rush into a sorry unsustainable budget process. Just keep what we have for two more years, and then see what happens.

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 02:46 PM (lMzso)

268 2014 GDP 16.8 T
2014 deficit 492 B

2.9% ratio, less than 1/2 the ratio in 1985


Posted by: Mr. Moo Moo at February 02, 2015 02:46 PM (0LHZx)

269 Liberte, Egalite, Nudite.

Posted by: Jay Guevara at February 02, 2015 02:44 PM (oKE6c)


As you wish. NSFW, by the way: http://goo.gl/fmzwBs

Posted by: physics geek at February 02, 2015 02:46 PM (MT22W)

270 They borrow more like Cousin Pookey getting payday loans.



And in the Alternate Universe (no, not that one. NO, not that one
*either*) where we have an actual opposition party, THAT is the
comparison that is brought up frequently.



"Yes, responsible people often borrow substantial sums of money to
purchase homes. If you hadn't noticed, we have a home. This is much
more like someone visiting the payday loan stores one after the other,
always getting deeper in debt."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:42 PM (kff5f)


You mean carrying debt so huge that you have to borrow money just to pay the interest is a bad thing? Whodathunkit...

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:46 PM (6fyGz)

271 Well we can try it again....I guess. But gees, i even think is bullshit.

Posted by: John Maynard Keynes at February 02, 2015 02:46 PM (Msg5U)

272 252 1985 GDP 4.3T
1985 deficit 212B

4.9% deficit to GDP ratio.

OK so I said 5%, it was 4.9%....my bad.



Posted by: Mr. Moo Moo at February 02, 2015 02:43 PM (

You were probably picking your nose and eating it in 1985

Posted by: Misanthropic Humanitarian at February 02, 2015 02:47 PM (/GgDU)

273 Good . . . so let's just limp along for another 23 months then get rid of this dolt and rebuild everything.

Posted by: rplat at February 02, 2015 02:47 PM (PYTq2)

274 The nation has changed. Ten years ago

No one has a clue. And no one is talking directly to them, telling them why this sh*t is bad. No one. If you listen to the responses from most Republicans, it's like driftwood talking.

Posted by: artisanal 'ette at February 02, 2015 02:47 PM (IXrOn)

275 272 252 1985 GDP 4.3T
1985 deficit 212B

4.9% deficit to GDP ratio.

OK so I said 5%, it was 4.9%....my bad.



Posted by: Mr. Moo Moo at February 02, 2015 02:43 PM (

You were probably picking your nose and eating it in 1985
Posted by: Misanthropic Humanitarian at February 02, 2015 02:47 PM (/GgDU)

Way to evade the point.

Let's try again.

Last years deficit to GDP ratio was 1/2 what it was in 1985.

Posted by: Mr. Moo Moo at February 02, 2015 02:48 PM (0LHZx)

276 Posted by: Mr. Moo Moo at February 02, 2015 02:43 PM (0LHZx)

Uh....you said ratio but provided a %.

So the deficit has doubled. Okay.

Take a look at the debt....the scarier number.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:48 PM (Zu3d9)

277

Find a way to protect your own.
Family first.

Posted by: artisanal 'ette at February 02, 2015 02:48 PM (IXrOn)

278
Hey, so how does PA like its new guvnah?

How do they like their new gas tax?

Posted by: Soothsayer at February 02, 2015 02:49 PM (kgXbV)

279 269 Liberte, Egalite, Nudite.

Posted by: Jay Guevara at February 02, 2015 02:44 PM (oKE6c)

As you wish. NSFW, by the way: http://goo.gl/fmzwBs
Posted by: physics geek at February 02, 2015 02:46 PM (MT22W)

Oh man, should I, should I, should I...........

Posted by: Kraken at February 02, 2015 02:49 PM (5+mPY)

280 Once upon a time I was a card-carrying member of the Libertarian Party...right up until they, as a party, could not decide if it was OK to go after the terrorists on 9/12/01. Party of principle my bleeding anus.




Never was one.
Free and open boarders = national suicide.
3.4 Party Plank.

Posted by: rickb223 MD 20/20 at February 02, 2015 02:49 PM (0SPUe)

281 When the rates for sovereign borrowing return to 3-5%, as they must, the entire tax take of the US will be required to service the existing debt.

Boned to the bone we are.

Posted by: toby928(C) at February 02, 2015 02:50 PM (evdj2)

282 And with no certain of success if changes are implemented, Your Grace.

Political theory is all hubris, says I.
Posted by: toby928(C) at February 02, 2015 02:43 PM (evdj2)



As someone with an undergrad degree in political theory, my only response is yup.

Here. I sum up all political theory for you.

One: People are asshats.

II. One group of people will always want to control the other group of people.

Trois. No single one of us is as stupid as all of us.

Quattro. Groups of people, who are asshats, will stupidly try to control those other groups of people, who are also stupid asshats, and will use any weapon available to do it.

There. You. Go.

Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:50 PM (mf5HN)

283 What's to complain about?

This is Barack Obama. He's smart. Not like Sarah Palin, who's dumb.

The country got what it want. Now, pay up and quit your bitchin.

Posted by: jwest at February 02, 2015 02:50 PM (9ZZd+)

284 @252 I'm pretty sure he was calling BS on your 2014 number. The actual debt to the penny increased by over $1T in FY 2014, not the BS $483B that's regularly quoted.

Posted by: DocJ at February 02, 2015 02:50 PM (0RQVM)

285 2.9% ratio, less than 1/2 the ratio in 1985

Ah, MBAs. Is there simple math they can't fuck up?

Posted by: lulz at February 02, 2015 02:50 PM (9Z8lH)

286 Posted by: Mr. Moo Moo at February 02, 2015 02:43 PM (0LHZx)

Oops...I swapped your numbers.

But what is your point? The deficit swings wildly, but the debt continues to grow. That is the problem.

Posted by: CharlieBrown'sDildo at February 02, 2015 02:50 PM (Zu3d9)

287 Oh man, should I, should I, should I...........

Posted by: Kraken at February 02, 2015 02:49 PM (5+mPY)


It's Keeley Hazell, so I say "go for it". However, here's one that is a little safer for work:

http://goo.gl/0awQL1

Posted by: physics geek at February 02, 2015 02:51 PM (MT22W)

288 Lizzy,
I'm sure that you're right about him vandalizing the White House on his way out.
He's a vindictive SOB.

Posted by: Carol at February 02, 2015 02:51 PM (sj3Ax)

289 Moo Moo:

US Debt, 9/30/2013: 16,738,183,526,697.32
US Debt, 9/30/2014: 17,824,071,380,733.82
US Debt RIGHT NOW: ~18,105,400,000,000.00

Tell me again how last year's deficit was less than .5 Trillion.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:51 PM (kff5f)

290 Chemtrails, man, chemtrails.

My hippy sister flat-out asked my (then) Air Force pilot brother if they put anything "extra" in the engines for aerosolization.

Posted by: bonhomme at February 02, 2015 02:51 PM (jhqr1)

291 "You were probably picking your nose and eating it in 198"

as he does in 2015

Posted by: redc1c4 at February 02, 2015 02:51 PM (RiMtm)

292 Uh....you said ratio but provided a %.

So the deficit has doubled. Okay.

Take a look at the debt....the scarier number.
Posted by: CharlieBrown'sDildo at February 02, 2015 02:48 PM (Zu3d9)

________

The fuck? Ratio and % is the same thing.

I'll repeat again....the deficit to GDP ratio of today is 1/2 what it was in 1985.

Posted by: Mr. Moo Moo at February 02, 2015 02:51 PM (0LHZx)

293 Monday afternoon, the Moo Moo fights, followed by MUMR Madness, .. but no Thin Veneer nastiness, I've heard tell. He must have been unusually naughty.

Posted by: Kraken at February 02, 2015 02:51 PM (5+mPY)

294 283 What's to complain about?

This is Barack Obama. He's smart. Not like Sarah Palin, who's dumb.

The country got what it want. Now, pay up and quit your bitchin.
***************
fuck yeah, Palin is dumb. We are better off with $8Trillion in debt and 20 million immigrants, legal and illegal destroying the middle class.

suckers...

Posted by: joe-impeachin44 at February 02, 2015 02:52 PM (8UKC6)

295 I can only imagine how many stunts he will pull in the two months between the election and his leaving office. He will be kil of LIB because if I can't be president, no one can!Will probably make Clinton's last minute pardons, furniture stealing, and office vandalism look cute and harmless.
Posted by: Lizzy at February 02, 2015 02:45 PM (ABcz/)


---------------------------------------------


He'll pull the fed reserve interest rate trigger. And with the absolute chaos that will be happening after these next two years, it'll probably kill the American economy for a long time.

Posted by: Soona at February 02, 2015 02:52 PM (/HX7u)

296 Way to evade the point.

Let's try again.

Last years deficit to GDP ratio was 1/2 what it was in 1985.

Posted by: Mr. Moo Moo at February 02, 2015 02:48 PM (0LHZx

Figures lie and liars figure or something like that.
In 1985 we had a roaring economy.
In 1985 we didn't have socialized eerrr I mean taxed medicine.

Yeah, Moo you're the go to economist. So when are you leaving Sea Chicken land to guide us to the promised land in DC?

Posted by: Misanthropic Humanitarian at February 02, 2015 02:52 PM (/GgDU)

297 Gotta' admit, I have no idea what Ron Paul finds so hard to understand about a Federal Government promoting the interests of US Citizens above the interests of Foreign Nationals.


Seems like one of the few legitimate purposes of Federal Government to me.

Posted by: ScoggDog at February 02, 2015 02:52 PM (qcr5D)

298

The JEF needs a leash.

Posted by: artisanal 'ette at February 02, 2015 02:52 PM (IXrOn)

299 But what is your point? The deficit swings wildly, but the debt continues to grow. That is the problem.

Yep.

http://www.multpl.com/u-s-federal-deficit-percent/table

I note that there was a surplus/GDP ratio for 1999, 2000 and 2001....

Posted by: @JohnTant at February 02, 2015 02:53 PM (PFy0L)

300 Dildo:

1985: You make $100K a year, you have a $10K deficit

2015: You make $400K a year you have a $20K deficit.

In which year are you worse off?

Posted by: Mr. Moo Moo at February 02, 2015 02:53 PM (0LHZx)

301 Because the economy in 1985 was exactly the same as it is today.

Hey MooMoo, what was growth like in 1985?

Would you like to compare it to today's growth while using 1985 metrics?

Posted by: Garrett at February 02, 2015 02:53 PM (lq9ci)

302 Interest Expense on the Debt Outstanding

http://is.gd/lguZEq


This will turn your hair white.

Posted by: toby928(C) at February 02, 2015 02:53 PM (evdj2)

303 Obama needs to tax away Tom Brady's supermodel wife, and give her to the less fortunate, in the name of fairness.

Posted by: Illiniwek at February 02, 2015 02:53 PM (veVl1)

304 followed by MUMR Madness

he/she didn't hang around last time

either he/she was busy, or the /ignore was really working

Posted by: artisanal 'ette at February 02, 2015 02:53 PM (IXrOn)

305 I think that there is 99.9% probability that the government will not ever seize your 401k in any manner but if they do, that's my call to arms.

Posted by: Bob Belcher at February 02, 2015 02:53 PM (Xrson)

306 Whose insane idea was that?

They've been around a while. Truth be told, I have one myself. But I RTFM'd (read the friendly manual) and did some basic math and kept on schedule.

The odds of Low Information peeps doing the same?
1. Slim
2. None
3. I didn't understand the question

Posted by: SE Pa Moron at February 02, 2015 02:54 PM (zxQ4h)

307 Hell, crafting an intellectually consistent libertarian foreign policy position that takes into account real world consequences is tremendously challenging

I have to say, as a guy who's self-identified as libertarian for a quarter of a century, I don't see how it applies to foreign policy.

I know that a lot of prominent libertarians are isolationist. I know that's our brand. I don't buy into that part of it.

The world is made out of Realpolitik. You have to deal with it that way.

Posted by: Bandersnatch at February 02, 2015 02:54 PM (1xUj/)

308 "fuck yeah, Palin is dumb. We are better off with $8Trillion in debt and 20 million immigrants, legal and illegal destroying the middle class."


You'll notice that the Guild of Elitist Right Wing Writers haven't come out in force to question and protest Mr. Obama's proposals.

Only the cleansing of Dumbness from the party rates that kind of unity.

Posted by: jwest at February 02, 2015 02:55 PM (9ZZd+)

309 You mean carrying debt so huge that you have to borrow money just to pay the interest is a bad thing? Whodathunkit...

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:46 PM (6fyGz)



When we got a mortgage in 2001 the broker talked up all sorts of fancy shit, ARMs, interest only, home equity loan, nothing down, no documentation, the works. We told her "No thanks. Simple 20% down, 30 year fixed, fast ball down the middle of the plate, thank you very much."

She looked at us as though we were crazy. We could borrow more, and take the cash out! House prices only go up (especially in CA), and we could refi later and take more cash out! Woot!

"No thanks."

Fast forward eight years. Interest rates at historic lows, so we refi. The broker (different one, of course) asks what we have now - any home equity loans, anything like that? Nope. She smiled and said, "That makes it simple and easy."

Posted by: Jay Guevara at February 02, 2015 02:55 PM (oKE6c)

310 TFG also wants to expand No Child Left Behind.

Posted by: Carol at February 02, 2015 02:55 PM (sj3Ax)

311

Why is it that people think things are going okay for them, for the country?

What evidence are they pointing to?

TV shows?

Posted by: artisanal 'ette at February 02, 2015 02:55 PM (IXrOn)

312 1985 CPI, 109.3

2014 CPI, 234.8

Hmm.

Posted by: @JohnTant at February 02, 2015 02:55 PM (PFy0L)

313 We won't even factor in the tax breaks that were I. The horizon in 85.

Whereas, today, we have looming tax increases...

You might be the most myopic troll we've ever had Moo.

Posted by: Garrett at February 02, 2015 02:56 PM (lq9ci)

314 "In 1985 the deficit to GDP ratio was -5%. Last year it was -2.5%"

Oh dear, I'm responding to Mr. Frou Frou.

A few quick notes, Frou Frou:

In 1985, the country was at the peak of spending of the Reagan re-armament program. Reagan was having to spend a shit-ton of money to deal with the feckless irresponsibility of his predecessor, who handed Reagan a military full of ships that couldn't sail and aircraft which couldn't fly.

Reagan needed to spend that money because the USA was being actively confronted by the USSR, with a colossal nuclear arsenal, whose own military forces had grown hugely at the same time that America's forces had been terribly cut back by Reagan's predecessor.

Note also that 1985 was only two years in to "Reaganomics" per se. Reagan's signature economic measure, the Kemp-Roth tax cuts, had been deliberately delayed in their effect for two full years by the liberal Democrats in Congress. Reaganomics thus didn't kick in until early 1983.

So the Reagan "recovery" was only in its second year by 1985. Whereas the Obama "recovery" was in what was supposed to be its fifth year last year. Apples and oranges comparisons much?

Posted by: torquewrench at February 02, 2015 02:56 PM (noWW6)

315 298

The JEF needs a leash.
Posted by: artisanal 'ette at February 02, 2015 02:52 PM (IXrOn)

Be careful of the material you use in this leash.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:56 PM (/GgDU)

316 >>I'm sure that you're right about him vandalizing the White House on his way out.

He's a vindictive SOB.


I remember when Clinton implemented a bunch of new regulations on the day he left office that would have been wildly unpopular to do while in office (e.g. EPA clean water regs), and IIRC, one of the first things Bush did was have them stop printing the regulations so that they wouldn't go into effect.


Posted by: Lizzy at February 02, 2015 02:56 PM (ABcz/)

317 I'll repeat again....the deficit to GDP ratio of today is 1/2 what it was in 1985.

Posted by: Mr. Moo Moo at February 02, 2015 02:51 PM (0LHZx)

I misread your initial point. Thus the "oops" in a comment above.

But you are ignoring the real issue. THE DEBT IS GROWING!

Why do you trot out one year's deficit to prove whatever point you are trying to make?

Deficits fluctuate. But the debt has been climbing every year. It will eventually become unsustainable. Is this a complicated point?

Posted by: CharlieBrown'sDildo at February 02, 2015 02:56 PM (Zu3d9)

318
Who run Barter-Town?

Posted by: Hello, I'm Math... and I am one heartless bitch(TM) at February 02, 2015 02:56 PM (bWFHa)

319 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.

Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson)

320 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.

*snort*

Posted by: toby928(C) at February 02, 2015 02:57 PM (evdj2)

321 306 Whose insane idea was that?

They've been around a while. Truth be told, I have one myself. But I RTFM'd (read the friendly manual) and did some basic math and kept on schedule.

The odds of Low Information peeps doing the same?
1. Slim
2. None
3. I didn't understand the question

Posted by: SE Pa Moron at February 02, 2015 02:54 PM (zxQ4h)



Let's face it, reading is not the LIVs' strong suit. Nor is reading comprehension. Or math. Breeding and voting are about the only things they can actually do.

Posted by: Jay Guevara at February 02, 2015 02:57 PM (oKE6c)

322 319 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.
Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson

While picking his nose.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:58 PM (/GgDU)

323 It's Keeley Hazell, so I say "go for it".

Holy crap! Never heard of her before.

She is gorgeous......

Posted by: Tex Lovera at February 02, 2015 02:59 PM (wtvvX)

324 "TFG also wants to expand No Child Left Behind."

to what: "Everyone Left Behind"?

or does he just want to get in every child's behind?

Posted by: redc1c4 at February 02, 2015 02:59 PM (RiMtm)

325 312 1985 CPI, 109.3

2014 CPI, 234.8

Hmm.
Posted by: @JohnTant at February 02, 2015 02:55 PM (PFy0L)

________

LOL.
And?
Do you even know what that means?

Posted by: Mr. Moo Moo at February 02, 2015 02:59 PM (0LHZx)

326 310 TFG also wants to expand No Child Left Behind.
Posted by: Carol at February 02, 2015 02:55 PM (sj3Ax)

Of course he does. Government dependence. He got that from his Soviet model. Faps to his photograph, most likely. Stalin, I mean, not his own. Maybe.

Posted by: Kraken at February 02, 2015 02:59 PM (5+mPY)

327 TFG also wants to expand No Child Left Behind.

As the youngest Bush I support this concept.

Posted by: Jeb Bush at February 02, 2015 02:59 PM (zxQ4h)

328 My hippy sister flat-out asked my (then) Air Force
pilot brother if they put anything "extra" in the engines for
aerosolization.





Posted by: bonhomme at February 02, 2015 02:51 PM (jhqr1)



I'd have looked at her without cracking a smile and said "G-23 Paxilon Hydrochlorate."

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:59 PM (6fyGz)

329 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.
Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson

While picking his nose.
Posted by: Misanthropic Humanitarian at February 02, 2015 02:58 PM (/GgDU)


And this is why I hang out here.

Posted by: @JohnTant at February 02, 2015 02:59 PM (PFy0L)

330 I'd have looked at her without cracking a smile and said "G-23 Paxilon Hydrochlorate."
Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:59 PM (6fyGz)

It was the Pax.

Posted by: troyriser at February 02, 2015 03:00 PM (CAJL/)

331 While picking his nose.

Posted by: Misanthropic Humanitarian at February 02, 2015 02:58 PM (/GgDU)

And masturbating furiously to pictures of Nick Gillespie in a Speedo.

Posted by: Kinley Ardal at February 02, 2015 03:00 PM (9LuAk)

332 LOL.
And?
Do you even know what that means?


That you're a nosepicker?

Posted by: @JohnTant at February 02, 2015 03:00 PM (PFy0L)

333 But you are ignoring the real issue. THE DEBT IS GROWING!

Why do you trot out one year's deficit to prove whatever point you are trying to make?

Deficits fluctuate. But the debt has been climbing every year. It will eventually become unsustainable. Is this a complicated point?
Posted by: CharlieBrown'sDildo at February 02, 2015 02:56 PM (Zu3d9)

_________

The debt has always been growing, for the past 200+ years.

That's my point. The hysteria of today and of the 1980s is misplaced.

Posted by: Mr. Moo Moo at February 02, 2015 03:00 PM (0LHZx)

334 The majority of the American public thinks we can overspend forever with no consequences.

Posted by: steevy at February 02, 2015 03:00 PM (v5UtH)

335 At one march on December 23 from Midtown to Harlem, I repeatedly heard participants say "Fuck Sharpton" and dismiss the notion that he was in any way a leader of their movement.

Today, the 60-year-old reverend responded to the growing challenge by lashing out at younger activists, addressing them in a speech to his congregants.

"They are pimping you," he said, referring to activists who he said were trying to divide young protesters from the older generation of activists.


... Rev Al Sharpton should know all about "pimping"

Posted by: The "Fuck Sharpton" Guys at February 02, 2015 03:00 PM (e8kgV)

336 264 and not even pay enough to keep even. Instead the principle amount rises every year.

Wait, what?

Whose insane idea was that?

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:45 PM (kff5f)




It's the financial equivalent of pulling the pin on a grenade and then sitting on it.

Posted by: Jay Guevara at February 02, 2015 03:00 PM (oKE6c)

337 She smiled and said, "That makes it simple and easy."

Posted by: Jay Guevara at February 02, 2015 02:55 PM (oKE6c)

And while some knuckleheads around here will trot out carefully constructed and rare circumstances that belie this point, for the vast majority of people, Paying off that mortgage is a very good thing. And that holds true for governments as well.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:00 PM (Zu3d9)

338 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.
Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson


That's only because he steam cleans his genitals every 12 hours

Posted by: Nevergiveup at February 02, 2015 03:00 PM (nzKvP)

339 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.
Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson

While picking his nose.
Posted by: Misanthropic Humanitarian at February 02, 2015 02:58 PM (/GgDU)

And this is why I hang out here.
Posted by: @JohnTant at February 02, 2015 02:59 PM (PFy0L)


The teachings of the value of multi-tasking?

Posted by: artisanal 'ette at February 02, 2015 03:01 PM (IXrOn)

340 A couple of things about the GDP and deficit numbers:

1980's: 2.57, 2.46, 3.82, 5.77,4.85, 4.88, 4.81, 3.07, 2.95, 2.69,

2008-pres: 3.11, 9.79, 8.64, 8.37, 6.72, 4.05, 2.77

If you look at Reagan's worst year and Obama's best, the numbers tell a different story than comparing the totality of each's time in office.

Posted by: In Exile at February 02, 2015 03:01 PM (/3yYD)

341 In 1985 our GDP was 7T and our outstanding debt was 1.8T.

Today our GDP is 16T and our Debt is now 18T.

We are underwater and no amount of hand waving and magical thinking are going to prevent the catastrophe that's on the horizon.

Posted by: Kreplach at February 02, 2015 03:01 PM (DDFkt)

342 Oh, and one more note about deficit-to GDP percentages. They assume that the deficit numbers are plausible and reliable.

Last fiscal year's deficit was billed officially and ostensibly by the White House OMB and and the Congressional CBO at $480B.

Okay, so the debt went up by $480B, yes?

No. The debt went up by over $1T in the same period. Using the actual figures buried deep in the bowels of the Treasury.

Hmmmmmmmmm.

None of Fedzilla's official econometrics are reliable any longer. They've all been gamed and massaged into effective unreality.

Posted by: torquewrench at February 02, 2015 03:01 PM (noWW6)

343 Why is it that people think things are going okay for them, for the country?

They are both working, don't have to personal worries about anyone who is unemployed or underemployed ,can buy what they want to and point to "help wanted" signs as the evidence things are looking up. I know people like that. The husband brings in about 125,0000 year, and the wife has a generous pension from her job as a retired school teacher. They are good and decent and generous people but they just "don't get it."

Posted by: FenelonSpoke at February 02, 2015 03:01 PM (DXzRD)

344 And masturbating furiously to pictures of Nick Gillespie in a Speedo.
Posted by: Kinley Ardal at February 02, 2015 03:00 PM (9LuAk

*damn, coffee on keyboard*

Posted by: Misanthropic Humanitarian at February 02, 2015 03:01 PM (/GgDU)

345 "Strengthening economy"?

These are the same people who insert the word "unexpected" into any bad economic news when a Democrat is in the WH

Posted by: kbdabear at February 02, 2015 03:01 PM (GrXXa)

346 And while some knuckleheads around here will trot out carefully constructed and rare circumstances that belie this point, for the vast majority of people, Paying off that mortgage is a very good thing. And that holds true for governments as well.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:00 PM (Zu3d9)

And if anyone wants to pay off my mortgage and do a REAL GOOD thing, be my guest.

Posted by: Nevergiveup at February 02, 2015 03:01 PM (nzKvP)

347 You guys keep arguing about how far off the cliff the nation has already gone.

It's already over the cliff in free fall.

Posted by: artisanal 'ette at February 02, 2015 03:01 PM (IXrOn)

348 The debt is so huge that it cannot be paid back, ever. The choice is between repudiation and monetization via inflation.

I think we all know which choice our betters have made.

Posted by: toby928(C) at February 02, 2015 03:01 PM (evdj2)

349 Texas Observes "Chris Kyle Day"

Posted by: Che Guevara at February 02, 2015 03:02 PM (e8kgV)

350 The debt has always been growing, for the past 200+ years.


That's my point. The hysteria of today and of the 1980s is misplaced.

Posted by: Mr. Moo Moo at February 02, 2015 03:00 PM (0LHZx)

1. You are incorrect.

2. Debt becomes unsustainable at a certain level. How you cannot see this is beyond me.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:02 PM (Zu3d9)

351 And masturbating furiously to pictures of Nick Gillespie in a Speedo.
Posted by: Kinley Ardal at February 02, 2015 03:00 PM (9LuAk


Gillespie and Sarah Silverman seem one in the same.

creepy

Posted by: artisanal 'ette at February 02, 2015 03:02 PM (IXrOn)

352 The guy that plows my driveway has been doing it for about 10 years at least and he still does not quite know where it is. Sigh

Posted by: Nevergiveup at February 02, 2015 03:02 PM (nzKvP)

353 338
That's only because he steam cleans his genitals every 12 hours
Posted by: Nevergiveup at February 02, 2015 03:00 PM (nzKvP)

Gwyneth, that you, baby?

Posted by: Kraken at February 02, 2015 03:03 PM (5+mPY)

354 Lizzy,
We need a republican with balls to do the same with all new regulations TFG will pull.
I had Rush on & Drudge has poll & Walker is winning.

Posted by: Carol at February 02, 2015 03:03 PM (sj3Ax)

355 For OBummer, for the Dem-Proggs, and really, for ALL tyrants, it all boils down to:

"Whatever you had in the past;
whatever you have now;
whatever you hope to have in the future --
IT IS ALL MINE TO DO WITH AS I PLEASE.
Now shut up and gimme or I'll kill you and take it anyway."

Posted by: A_Nonny_Mouse at February 02, 2015 03:03 PM (tcGUz)

356 Before getting hysterical about debts and deficits, look at percentages not absolute numbers. The debt increased more, percentage wise between 1974 and 1979 than between 2008 and 2013.

And somehow the republic survived after 1979.

It's going to be OK everyone, I promise.

Posted by: Mr. Moo Moo at February 02, 2015 03:03 PM (0LHZx)

357 Gillespie and Sarah Silverman seem one in the same.



creepy

Posted by: artisanal 'ette at February 02, 2015 03:02 PM (IXrOn)


Oh, that's a good one. That's damned good. I have to work that into a joke somehow...

Posted by: Kinley Ardal at February 02, 2015 03:04 PM (9LuAk)

358 350 The debt has always been growing, for the past 200+ years.


That's my point. The hysteria of today and of the 1980s is misplaced.

Posted by: Mr. Moo Moo at February 02, 2015 03:00 PM (0LHZx)

1. You are incorrect.

2. Debt becomes unsustainable at a certain level. How you cannot see this is beyond me.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:02 PM (Zu3d9)

Debt must be ok if you can print money.
My wife and I are pretty handy, but we haven't figured out the plates for the printing yet.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:04 PM (/GgDU)

359 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you.

You're talking about Moo Moo? How do you know? Are you acquainted with him personally. How do we know it's not a big trolling routine w/hiim, and what difference does it make to whatever arguments other people put forth? Personally I don't have a lot of confidence in people who repeatedly say things like "I pay more money in taxes (or dry cleaning) that you make in a year."

Posted by: FenelonSpoke at February 02, 2015 03:04 PM (DXzRD)

360 We need a republican with balls to do the same with all new regulations TFG will pull.

Posted by: Carol at February 02, 2015 03:03 PM (sj3Ax)


That's all that really needs to be said.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:04 PM (6fyGz)

361 Debt straw meet camel.

Posted by: Bob from table9 at February 02, 2015 03:05 PM (WNERA)

362 because what Moo Moo makes in a year is completely irrelevant to me and has no effect on whether he can make good arguments or not.

Posted by: FenelonSpoke at February 02, 2015 03:05 PM (DXzRD)

363 It's going to be OK everyone, I promise.

Posted by: Mr. Moo Moo at February 02, 2015 03:03 PM (0LHZx

Thank you God for sending 2nd Son.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:05 PM (/GgDU)

364 I don't want to seem ungrateful, but 6% after what we've been thru seems kind of meager. Doesn't Obama love us?

Boehner, let's just double his budget and boost the hell out of taxes, ok? No more dinking around, let's just skip straight to prosperity!

Posted by: t-bird at February 02, 2015 03:05 PM (j37Ud)

365 You're talking about Moo Moo? How do you know? Are you acquainted with him personally. How do we know it's not a big trolling routine w/hiim, and what difference does it make to whatever arguments other people put forth? Personally I don't have a lot of confidence in people who repeatedly say things like "I pay more money in taxes (or dry cleaning) that you make in a year."

Of course it's a big trolling routine. He's probably like 23 years old and posts here in between shifts at the Piggly Wiggly.

Posted by: @JohnTant at February 02, 2015 03:05 PM (PFy0L)

366 Posted by: toby928(C) at February 02, 2015 03:01 PM (evdj2)

It can be paid back--wait, no, correction: it will be paid back, one way or the other, via one medium or another. At some point after the grand feast, the bill will come due and the waiter will be paid.

Posted by: troyriser at February 02, 2015 03:05 PM (CAJL/)

367 Posted by: Mr. Moo Moo at February 02, 2015 03:03 PM (0LHZx)

Wow.

I give up.

Up until today, I didn't think you could possibly be as stupid as you sometimes seem, but I was wrong.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:06 PM (Zu3d9)

368 I don't have a lot of confidence in people who repeatedly say things like "I pay more money in taxes (or dry cleaning) that you make in a year."
Posted by: FenelonSpoke at February 02, 2015 03:04 PM (DXzRD)

Oh yee of little faith

Posted by: B. Madoff at February 02, 2015 03:06 PM (nzKvP)

369 That "awesome" 5 percent GDP growth in the 3rd quarter?

That was mostly increased healthcare spending due to massively rising costs thanks to Obamacare

But in the good news front, the chocolate rations have been increased from 10 ounces to 8 ounces

Posted by: kbdabear at February 02, 2015 03:06 PM (GrXXa)

370 Posted by: FenelonSpoke at February 02, 2015 03:05 PM (DXzRD)

I'm pretty sure he was being sarcastic.

Posted by: Insomniac at February 02, 2015 03:06 PM (2Ojst)

371 You guys keep arguing with a guy who pays more in dry cleaning than you make in a year. Give it up. It's a no win for you. Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson

-------------------------------------


Oh, yeah. I forgot. He makes so much more money than the rest of us make. And he cheats everyone in business, so it's all good.

Posted by: Soona at February 02, 2015 03:06 PM (/HX7u)

372 Holy crap! Never heard of her before.

She is gorgeous......

Posted by: Tex Lovera at February 02, 2015 02:59 PM (wtvvX


Wut, really? Okay then, how about Gemma Atkinson? Also not entirely safe for work:

http://goo.gl/rR9kAr

And yes, I do have a thing for large breasted British women. Why do you ask?

Posted by: physics geek at February 02, 2015 03:06 PM (MT22W)

373
SO HOW BOUT DEM PATRIOTS?!?!

Posted by: Soothsayer at February 02, 2015 03:06 PM (kgXbV)

374 And somehow the republic survived after 1979.



It's going to be OK everyone, I promise.





Posted by: Mr. Moo Moo at February 02, 2015 03:03 PM (0LHZx)


<koff koff reaganomics koff koff>

Notice there's no Reagan on the horizon? Boned we are.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:06 PM (6fyGz)

375 1. You are incorrect.

2. Debt becomes unsustainable at a certain level. How you cannot see this is beyond me.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:02 PM (Zu3d9)

__________

1. OK, fine there was a brief period in the 1820s when the US had $0 debt. Aside from that, we have had a debt since the birth of the country to now.

2. That's my point. You're looking at the numbers in absolute terms. What matters is the debt within the context of the economy. And within the context of the economy, our debt situation isn't as bad as you think it is. It's not great, but it's been worse.

Posted by: Mr. Moo Moo at February 02, 2015 03:06 PM (0LHZx)

376 Up until today, I didn't think you could possibly be as stupid as you sometimes seem, but I was wrong.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:06 PM (Zu3d9)

His little anti-Semitic rant didn't give you a clue?

Posted by: Nevergiveup at February 02, 2015 03:07 PM (nzKvP)

377
http://www.ssa.gov/oact/cola/central.html

Median income has doubled since '85, for most people.

CPI has more than doubled. Net gain for most people is negative, not accounting for mystery adjustments to rate of inflation minus food and energy.

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 03:07 PM (lMzso)

378 The debt has always been growing, for the past 200+ years.

Posted by: Mr. Moo Moo at February 02, 2015 03:00 PM (0LHZx)


You are utterly full of shit, you are stupid, & you should be embarrassed of the stupid crap you post here, but somehow you are not. Poop tossing baboons are ashamed that you are their relative. You should have your nose rubbed in the dippy comments you post like a dog who has shit on the carpet.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:07 PM (MbqmP)

379 At some point after the grand feast, the bill will come due and the waiter will be paid.

It will be a dine and dash. The waiter will be paid like Confederate Bondholders. The new dollar is coming. I hope it has Reagan's face on it rather than the SCoaMF's.

Posted by: toby928(C) at February 02, 2015 03:07 PM (evdj2)

380 And while some knuckleheads around here will trot out carefully
constructed and rare circumstances that belie this point, for the vast
majority of people, Paying off that mortgage is a very good thing. And
that holds true for governments as well.


Posted by: CharlieBrown'sDildo at February 02, 2015 03:00 PM (Zu3d9)



Yep. I taught my sons that debt constrains you, and limits your options (illustrated with examples you no doubt can easily imagine), but boiling down you're now at the mercy of your creditor. Can you burn the creditor? Maybe, but if you do, no one else will loan you money, at least without onerous conditions.

It was part of an ongoing financial seminar series that started with how revolving credit works, and how to read a credit statement (viz., start with the smallest font part).

Now if only our government had sat in on this seminar series ...

Posted by: Jay Guevara at February 02, 2015 03:07 PM (oKE6c)

381
Butler had a vision.

Posted by: Soothsayer at February 02, 2015 03:08 PM (kgXbV)

382 SO HOW BOUT DEM PATRIOTS?!?!
Posted by: Soothsayer at February 02, 2015 03:06 PM (kgXbV)


----------------------------------------


Y'all are lucky Pete Carroll is a dumbshit.

Posted by: Soona at February 02, 2015 03:08 PM (/HX7u)

383 The guy that plows my driveway has been doing it for about 10 years at least and he still does not quite know where it is. Sigh
Posted by: Nevergiveup at February 02, 2015 03:02 PM (nzKvP)


I just came in from shoveling the 2nd time today.

Posted by: artisanal 'ette at February 02, 2015 03:09 PM (IXrOn)

384 Now if only our government had sat in on this seminar series ...
Posted by: Jay Guevara at February 02, 2015 03:07 PM (oKE6c)

Yeah, but we can print our own money, so suck it!

Posted by: The Feds at February 02, 2015 03:09 PM (2Ojst)

385 Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:07 PM (MbqmP

Note to self. Self, quit drinking coffee in the afternoon.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:09 PM (/GgDU)

386 In 1985 we were engaged in an all-out, world wide struggle with
communism with enormous increase in military spending. That was widely
accepted by both supporters and foes of the military buildup as the
reason for the deficits. The spending had the desired effect and
eventually caused or at least hastened the collapse of the Soviet Union.
It was a deficit money well spent.

The deficit spending going on
today is driven by money being thrown down a black hole of endless
welfare and entitlement program trying to solve problems that are getting worse and will
soon consume the whole federal budget.

Posted by: George Orwell de Leon at February 02, 2015 03:09 PM (1BQGO)

387 Posted by: physics geek at February 02, 2015 03:06 PM (MT22W)

Oh...my!

Posted by: CharlieBrown'sDildo at February 02, 2015 03:09 PM (Zu3d9)

388 I pay more for my male enhancement than most of you make in house payments!

Posted by: Mr. Boo Boo at February 02, 2015 03:09 PM (MbqmP)

389 380 And while some knuckleheads around here will trot out carefully
constructed and rare circumstances that belie this point, for the vast
majority of people, Paying off that mortgage is a very good thing. And
that holds true for governments as well.


Posted by: CharlieBrown'sDildo at February 02, 2015 03:00 PM (Zu3d9)

________

It's idiotic to pay off a 3% mortgage when you can earn 6% with the money.

But hey, what do I know? I'm the dumb guy who thinks percentages and ratios are like the same thing and stuff.

Posted by: Mr. Moo Moo at February 02, 2015 03:09 PM (0LHZx)

390 Christ, all this math gives me a headache. I just use the "fucked", or "not fucked" scale. Although since Obama "totally fucked" appeared on the scale.

Posted by: Berserker-Dragonheads Division at February 02, 2015 03:10 PM (FMbng)

391 And yes, I do have a thing for large breasted British women. Why do you ask?





Posted by: physics geek at February 02, 2015 03:06 PM (MT22W)


Show me the gingers!

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:10 PM (6fyGz)

392 After 200 years of accumulating debt, I don't want someone to come into office thinking that it would be good plan to pay it off in a couple of generations with onerous taxes and austerity.

The better plan is to monetize the assets the government has wrongly been hording - offshore mineral rights, public land, everything not necessary for the function of government - and start from zero with a fresh set of laws and budget that prevent runaway debt from occurring again.

Posted by: jwest at February 02, 2015 03:10 PM (9ZZd+)

393 No, it doesn't say it "will" boost the middle class, it says it is "aimed at" boosting the middle class. Big difference, wouldn't you say?

Posted by: Cornfed at February 02, 2015 03:10 PM (Hoy9u)

394 I just came in from shoveling the 2nd time today.
Posted by: artisanal 'ette at February 02, 2015 03:09 PM (IXrOn)


That's nothing compared to me! I'm shovelling so much bullshit into this thread my fonts have all turned brown!

Posted by: Mr. Boo Boo at February 02, 2015 03:10 PM (MbqmP)

395 For the government, debt is no big deal, cause they are never, ever, gonna pay it off. The only fucking for that is gonna be me and you. They don't give a damn. Power, baby!

Posted by: Kraken at February 02, 2015 03:11 PM (5+mPY)

396 Uh, no, in 2005, Bush could've easily asked to spend umpteen trillion $ and his Congress would have given it to him.

Posted by: SFGoth at February 02, 2015 03:11 PM (26s9t)

397 Although since Obama "totally fucked" appeared on the scale.

My amp goes to 11.

Posted by: Barry Soetoro at February 02, 2015 03:11 PM (evdj2)

398 Moo Moo: It is idiotic to pay off a 3% mortgage when you can make 6% only if there is no risk to the 6%. A lot of people get burned when equities drop and that 6% return goes to -6% for a couple of years.

Posted by: In Exile at February 02, 2015 03:11 PM (/3yYD)

399 Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:07 PM (MbqmP)

Okay....."LOL" is tossed about pretty frequently.

But I really did laugh out loud. And it wasn't just a little chuckle. It was a full-on belly laugh.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:11 PM (Zu3d9)

400 Taxing overseas businesses will encourage U.S. Corporations, thus helping the middle class.

Posted by: Barky Feckless at February 02, 2015 03:11 PM (/GgDU)

401 Remember when you said Bush's 400 billion dollar budget was un-American, SENATOR Obama?

Good time, good times.

Posted by: JB1000 at February 02, 2015 03:11 PM (16OL0)

402 Yeah, but we can print our own money, so suck it!

Posted by: The Feds at February 02, 2015 03:09 PM (2Ojst)

I love that argument, and the one that government is not like a family or a business. Surprisingly, government IS subject to gravity, so not all of reality has been suspended.

Posted by: Jay Guevara at February 02, 2015 03:12 PM (oKE6c)

403 Huh. My comment hasn't gotten a response.

Moo-moo must not have seen it, so I'll repost it here:


US Debt, 9/30/2013: 16,738,183,526,697.32
US Debt, 9/30/2014: 17,824,071,380,733.82
US Debt RIGHT NOW: ~18,105,400,000,000.00

Tell me again how last year's deficit was less than .5 Trillion.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:12 PM (kff5f)

404 One word: Lockbox

Posted by: Al Gore at February 02, 2015 03:12 PM (evdj2)

405 >>>Gillespie and Sarah Silverman seem one in the same.


Not true. I'd fuck Sarah Silverman.

Posted by: Garrett at February 02, 2015 03:13 PM (lq9ci)

406 No, it doesn't say it "will" boost the middle class,
it says it is "aimed at" boosting the middle class. Big difference,
wouldn't you say?


Posted by: Cornfed at February 02, 2015 03:10 PM (Hoy9u)



edited for accuracy

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:13 PM (6fyGz)

407 *bangs head into desk*

Gov. Jelly Donut wades into the vaccination debate and talks about parental choice.

http://wtkr.com/2015/02/02/chris-christie-wades-into-vaccination-debate/

Posted by: Anna Puma (+SmuD) at February 02, 2015 03:13 PM (I7upL)

408 "1. OK, fine there was a brief period in the 1820s when the US had $0 debt. Aside from that, we have had a debt since the birth of the country to now. "

We have had debt. There almost always were bonds being paid.

The payments on the debt more often than not did not exceed annual revenues.

So while we have had bonds and war bonds and T-bills, we have not had annual budget deficits most of the time.

"2. That's my point. You're looking at the numbers in absolute terms. What matters is the debt within the context of the economy. And within the context of the economy, our debt situation isn't as bad as you think it is. It's not great, but it's been worse. "

When has it ever been 100% of GDP before?

Posted by: Chris_Balsz at February 02, 2015 03:13 PM (kTWS+)

409 398 Moo Moo: It is idiotic to pay off a 3% mortgage when you can make 6% only if there is no risk to the 6%. A lot of people get burned when equities drop and that 6% return goes to -6% for a couple of years.
Posted by: In Exile at February 02, 2015 03:11 PM (/3yYD)

____________

Over the past 20 years, even with the 2 market crashes of 2001/2002 and 2008/2009 the S&P500 has returned about 9.5% on average, 11% if you reinvested dividends every year.

Posted by: Mr. Moo Moo at February 02, 2015 03:13 PM (0LHZx)

410 crap

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:13 PM (6fyGz)

411 It's the financial equivalent of pulling the pin on a grenade and then sitting on it.

I kinda got coerced into it. I wanted a home that was a tad outside of my price range. But I knew my earnings, and the wife's earnings were going to increase over time. We never chose to 'fix' the payment and go negative. We cut spending.

Looking back in 20/20 it worked for us. Home is worth a cool half million more then we paid for it. It is a 'sophisticated' loan which should not be sold to the unsophisticated. Which probably means I'm a racist.

Posted by: SE Pa Moron at February 02, 2015 03:13 PM (zxQ4h)

412 No, it doesn't say it "will" boost the middle class,
it says it is "aimed at" boosting the middle class. Big difference,
wouldn't you say?


Posted by: Cornfed at February 02, 2015 03:10 PM (Hoy9u)



There. NOW edited for accuracy.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:14 PM (6fyGz)

413 @403 - those numbers are, erm, "inconvenient", aren't they.

Debt-to-the-penny plus basic arithmetic - you'd think journalism majors would be able to do that much but evidently only during Republican administrations.

Posted by: DocJ at February 02, 2015 03:14 PM (0RQVM)

414 We have had debt. There almost always were bonds being paid.

The payments on the debt more often than not did not exceed annual revenues.

So while we have had bonds and war bonds and T-bills, we have not had annual budget deficits most of the time.

__________

What the fuck do you think debt is today? It's bonds.

And explain to me how today payments on the bonds exceed annual revenue. This I have to hear.

Posted by: Mr. Moo Moo at February 02, 2015 03:14 PM (0LHZx)

415 Note that Obama may feel emboldened by the success of the extreme left right-wing winning the 2014 mid-terms and then caving like a bitch.

Fixed for accuracy.

Posted by: Golfman in NC at February 02, 2015 03:15 PM (wVWRM)

416 Show me the gingers!

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:10 PM (6fyGz)


Ask and ye shall receive (NSFW): http://goo.gl/Zjeau9

And here are some more of indeterminate hair color:
http://goo.gl/r7UoQt

Posted by: physics geek at February 02, 2015 03:15 PM (MT22W)

417 Borrowing money to beat existential threats seems like it is defensible. So you borrow money to win WWII? The Civil War? The Cold War?

Yeah, let's do it.

Borrowing money from the Chinese to give to poor people to buy drugs seems like a bad idea.

Posted by: blaster at February 02, 2015 03:15 PM (Rx8ML)

418 For the government, debt is no big deal, cause they are never, ever, gonna pay it off. The only fucking for that is gonna be me and you. They don't give a damn. Power, baby!
Posted by: Kraken
------------------

If the government needs money, the answer is obvious. Just print it.

Posted by: Needle Grassy Tyson at February 02, 2015 03:15 PM (/GgDU)

419 Well, that ties it! I'm convinced!

I'm gonna go get a mortgage and invest it in the stock market!

Wheeeeeee!


Posted by: @JohnTant at February 02, 2015 03:15 PM (PFy0L)

420 >>>It's idiotic to pay off a 3% mortgage when you can earn 6% with the money.



Until you can't make 6% and you lose your house, retard.

Posted by: Garrett at February 02, 2015 03:15 PM (lq9ci)

421 People go broke slowly, then all at once. I've seen this happen to other people a few times and it is undoubtedly true. This the same for countries as well, but the time line gets stretched out. We are getting close to the all at once part.

Posted by: George Orwell de Leon at February 02, 2015 03:16 PM (1BQGO)

422 That's nothing compared to me! I'm shovelling so much bullshit into this thread my fonts have all turned brown!
Posted by: Mr. Boo Boo at February 02, 2015 03:10 PM (MbqmP)


glad I missed it

Posted by: artisanal 'ette at February 02, 2015 03:16 PM (IXrOn)

423
US Debt, 9/30/2013: 16,738,183,526,697.32
US Debt, 9/30/2014: 17,824,071,380,733.82
US Debt RIGHT NOW: ~18,105,400,000,000.00

Tell me again how last year's deficit was less than .5 Trillion.
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:12 PM (kff5f)

_________________

You're right. It's all a conspiracy. The $494B was false. You figured it all out. It's amazing how everyone was fooled except you.

Good work detective.

Posted by: Mr. Moo Moo at February 02, 2015 03:16 PM (0LHZx)

424 Over the past 20 years, even with the 2 market crashes of 2001/2002 and 2008/2009 the S&P500 has returned about 9.5% on average, 11% if you reinvested dividends every year.

Posted by: Mr. Moo Moo at February 02, 2015 03:13 PM (0LHZx)

Agreed, but there is a difference between long term averages and individual years. You would have to be an idiot to pay down your 3% mortgage before 20% CC debt ALWAYS, but levering up to invest in the market is a context-specific decision.

Posted by: In Exile at February 02, 2015 03:17 PM (/3yYD)

425 Ask and ye shall receive (NSFW): http://goo.gl/Zjeau9



And here are some more of indeterminate hair color:

http://goo.gl/r7UoQt

Posted by: physics geek at February 02, 2015 03:15 PM (MT22W)



Bless you sir.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:17 PM (6fyGz)

426
hahahahaha, I'm watching my local news. It's snowing heavy now and tv crews are everywhere.

So these two assholes on a four-wheel atv are driving on the street, spinning around, having a blast, and they crash into a car. They weren't hurt, (too bad), but they did a lot of damage to the car. They quickly hop back on the motorbike and speed away.

And it's all caught on camera.

Posted by: Soothsayer at February 02, 2015 03:17 PM (kgXbV)

427 Yeah, Moo Moo, you're the guy who thinks that if we cut 50% of the pork in the budget, we have to cut 50% of the military budget. Consistency, maaaaan. Like if you switch cable companies and cut your bill in half, therefore you have to cut your food/shelter budget in half. "Sorry kids, it's sleeping bags and Ramen noodles from here on out, but think of the money we're saving! Now pass me that cheese rind..."

Posted by: Lincolntf at February 02, 2015 03:18 PM (2cS/G)

428 The deficit is under $.5T if you count everything over $.5T as not the deficit.

Posted by: blaster at February 02, 2015 03:18 PM (Rx8ML)

429 404 One word: Lockbox

Posted by: Al Gore at February 02, 2015 03:12 PM (evdj2)



Another fave. It brings to mind a vault full of money just patiently waiting to support someone in his later years. A lot of people believe that it actually exists; whether Dem politicians are that stupid or not I haven't figured out.

I've asked True Believers in this concept how Social Security paid for the first round of checks that went out. I've never received the correct answer: from the first contributions that came in. Carlo Ponzi must be spluttering in rage at the injustice of his getting popped for doing the same thing.

Posted by: Jay Guevara at February 02, 2015 03:18 PM (oKE6c)

430 We are getting close to the all at once part.

I'm surprised we've lasted this long. I guess being the tallest munchkin in munchkin land has it's privileges.

Posted by: toby928(C) at February 02, 2015 03:18 PM (evdj2)

431 Until you can't make 6% and you lose your house, retard.

Posted by: Garrett at February 02, 2015 03:15 PM (lq9ci)



Apparently math isn't your strong point.

If you stop making the 6% (and don't feel like settling for 5%) just pay off the mortgage.

No one is going evict you.

The point is that 3% interest money is cheap. Use it wisely and benefit.

Posted by: jwest at February 02, 2015 03:19 PM (9ZZd+)

432 Agreed, but there is a difference between long term averages and individual years. You would have to be an idiot to pay down your 3% mortgage before 20% CC debt ALWAYS, but levering up to invest in the market is a context-specific decision.
Posted by: In Exile at February 02, 2015 03:17 PM (/3yYD)

__________

I didn't mean just invest in the market. I meant generally speaking, you can earn more than 3%, whether paying off higher cost debt, investing in the market, paying your kid's college tuition so he doesn't have to borrow at 5%, etc.

When the bank is essentially giving you free money, it's a stupid idea to say, no thank you.

Posted by: Mr. Moo Moo at February 02, 2015 03:19 PM (0LHZx)

433 We are getting close to the all at once part.



I'm surprised we've lasted this long. I guess being the tallest munchkin in munchkin land has it's privileges.

Indeed, the prettiest horse in the glue factory tends to be last to be processed. Still end-up glue, of course. But I'm sure Moo Moo will be by to tell us how we can get a guaranteed 6% annual return on Bartertown.

Posted by: DocJ at February 02, 2015 03:20 PM (0RQVM)

434 The proposed budget would boost the amount of ass-meat on the butts of couch-dwelling individuals currently on the dole or projected to be on the dole in the coming fiscal year. Military spending used as partial justification, but will be reneged upon later. Irrelevant anyway as it will be rejected.

A phony baloney non-proposal is what it is. Like the previous proposed budgets out of this administration.

Posted by: Edgar Allan Schmoe at February 02, 2015 03:20 PM (akV4W)

435 Carlo Ponzi must be spluttering in rage at the injustice of his getting popped for doing the same thing.
Posted by: Jay Guevara

Carlo Ponzi is probably just jealous that he didn't have men with guns forcing new people into his scheme.

Posted by: Prince Ludwig the Indestructible 23 Skidoo at February 02, 2015 03:20 PM (GuwT9)

436 "What the fuck do you think debt is today? It's bonds.

And explain to me how today payments on the bonds exceed annual revenue. This I have to hear."

I didn't say they do today exceed annual revenues. I said they didn't in previous decades. So even though we did have debt, it didn't prevent us from having an annual budget surplus, and a positive balance in the Treasury.

Borrowing a majority of our national budget, at a time when the federal debt exceeds 100% of GDP, and every year is a deficit year, is not comparable to paying bond payments during the 1900s.


Posted by: Chris_Balsz at February 02, 2015 03:20 PM (kTWS+)

437 Damn. Is this Zerohedge.com?

Posted by: Golfman in NC at February 02, 2015 03:20 PM (wVWRM)

438 _________________



You're right. It's all a conspiracy. The $494B was false. You
figured it all out. It's amazing how everyone was fooled except you.



Good work detective.



Posted by: Mr. Moo Moo at February 02, 2015 03:16 PM (0LHZx)



somehow can't help but notice you didn't answer his question there genius.

Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:20 PM (6fyGz)

439 "If you stop making the 6% (and don't feel like settling for 5%) just pay off the mortgage.

No one is going evict you. "

You don't have property taxes where you live, do you?

Posted by: Chris_Balsz at February 02, 2015 03:21 PM (kTWS+)

440 If you stop making the 6% (and don't feel like settling for 5%) just pay off the mortgage.

No one is going evict you.

The point is that 3% interest money is cheap. Use it wisely and benefit.
Posted by: jwest at February 02, 2015 03:19 PM (9ZZd+)

___________

Huh?

Jezuz fuck, does nobody here have even a rudimentary understanding of how this works? i feel like I'm in an Esurance commercial.

Posted by: Mr. Moo Moo at February 02, 2015 03:21 PM (0LHZx)

441 Everything you need to know about how this works is contained in 318.

Posted by: Anthropology Guy at February 02, 2015 03:21 PM (jYERN)

442 I just called my bank.

Me: I want to borrow money against my house.

Bank: What, for like a remodel or something?

Me: No, I want to invest the money in the stock market.

Bank:

Me:

Bank:

Me:

Bank: Did that nosepicker Poo Poo or something send you...?

Posted by: @JohnTant at February 02, 2015 03:22 PM (PFy0L)

443
Japan announces it will one up the U.S., and will tax profits in the U.S. by 15%...and so on and so on.
This is such absolutely pure idiocy, it just makes my head blow up.
Why would any country consider themselves U.S. companies when the total tax is 35 + 14%, which now surpasses the UAE and we are first on the list of worst countries to do business in?
How does this work for GM with their bankruptcy-deficient tax amnesty?
I guess that hand-to-mouth discussion Obama so sorely needed when hewas younger will never happen now.

Posted by: Flaming libbie Obama apologist at February 02, 2015 03:22 PM (MelgH)

444 I think Moo Moo works for some Soros organization and is some sort of troll that occasionally throws out some anti Obama message zoo we're to think he's a conservative. He's worth whatever he makes He uses up so much time of other posters here.

Posted by: FenelonSpoke at February 02, 2015 03:23 PM (DXzRD)

445 Borrowing a majority of our national budget,


Posted by: Chris_Balsz at February 02, 2015 03:20 PM (kTWS+)

________

Do you know what the word majority means?

We borrowed $490B for a budget of $3.something trillion.

Posted by: Mr. Moo Moo at February 02, 2015 03:23 PM (0LHZx)

446 McConnell needs to say "Budget? What's that?" like Reid did, for the next two years.

Posted by: Roy at February 02, 2015 03:23 PM (fWLrt)

447 You're right. It's all a conspiracy. The $494B was false. You figured it all out. It's amazing how everyone was fooled except you.

Hmmm... I never claimed it was a conspiracy. This seems a little... defensive, no?

If the deficit in a given year is .5T (rounded) then the debt would go up by .5T. This is because debt service (which should at least maintain the current amount of debt, else you're not actually servicing your debt) is part of the budget.

However, actual debt increased not by .5T(rounded) but by MORE THAN TWICE that amount (1.1T(rounded)). And that is after *only* 6.7T (rounded) over the previous 5 years.

So, again, tell me how the deficit was only .5T We're less than 6 mos into THIS (fiscal) year, and it's already up by .3T

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:23 PM (kff5f)

448 Jezuz fuck, does nobody here have even a rudimentary understanding of how this works? i feel like I'm in an Esurance commercial.


Posted by: Mr. Moo Moo at February 02, 2015 03:21 PM (0LHZx)



Slow down there Buckwheat, I'm defending you.

One side of risk adverse morons is saying to use capital to pay off your mortgage.

I (and apparently you) are saying no, if you can get money for 3% use it to make more money instead.

Posted by: jwest at February 02, 2015 03:24 PM (9ZZd+)

449 I didn't mean just invest in the market. I meant generally speaking, you can earn more than 3%, whether paying off higher cost debt, investing in the market, paying your kid's college tuition so he doesn't have to borrow at 5%, etc.

When the bank is essentially giving you free money, it's a stupid idea to say, no thank you.
Posted by: Mr. Moo Moo at February 02, 2015 03:19 PM (0LHZx)


Guys! I'm a real investor! I made 72 million last year & I'm only 17! It's true!

Posted by: Mr. Boo Boo at February 02, 2015 03:25 PM (MbqmP)

450 We borrowed $490B for a budget of $3.something trillion.

Actually, not to continue to bring-up a point you can't seem to wishcast away, but we borrowed $1.081T, not $490B. But what do I know, it's just arithmetic and stuff.

Posted by: DocJ at February 02, 2015 03:25 PM (0RQVM)

451 Speaking of Japan, we haven't seen them at full war footing for a while. Could be interesting. To China, among other parties. But especially to ISIS. Here's hoping against a measured response. Find a base/hub, wipe it the fuck off the map, maybe even drop some Origami piglets.

Posted by: Lincolntf at February 02, 2015 03:25 PM (2cS/G)

452 One of the libertarians I know who rants about "banksters" also likes to send out ZeroHedge links. Shock face.

There have literally been dozens of times in the last 6 years that he's sent out claims that the entire financial system will collapse within two weeks, thanks to the "banksters".

Despite claiming to believe in imminent, catastrophic financial chaos -- he has yet to move to the hills or really change anything material in his life.

Posted by: Costanza Defense at February 02, 2015 03:25 PM (ZPrif)

453 How can you not understand that solvency trumps debt?

Posted by: Garrett at February 02, 2015 03:26 PM (lq9ci)

454 Pay off your mortgage if you can, people. And your car. I did, and I have never been more financially secure. It's nice having no debt except for paying off the credit card every month (in full). Debt is going to be a bitch once the bottom falls out. And it will fall out eventually. Math demands it.

Posted by: Soona at February 02, 2015 03:26 PM (/HX7u)

455 Jezuz fuck, does nobody here have even a rudimentary understanding of how this works? i feel like I'm in an Esurance commercial.

I guess that's better than being Flo.

Posted by: Bertram Cabot Jr. at February 02, 2015 03:26 PM (W5DcG)

456 421 People go broke slowly, then all at once. I've seen this happen to other people a few times and it is undoubtedly true. This the same for countries as well, but the time line gets stretched out. We are getting close to the all at once part.

Posted by: George Orwell de Leon at February 02, 2015 03:16 PM (1BQGO)



I read a history of the housing crash, and was fascinated by how quickly it blew up some firms. Lehman Brothers was founded in 1850, and blew up over night. Lehman Brothers used to borrow their operating costs each night, rolling over from day to day.

Once lenders became concerned about their counterparty exposure, and nervous about their dodgy accounting practices, they refused to lend any more, and their clients ran for cover. Poof! The company went bankrupt ... overnight. Literally, overnight. They couldn't borrow operating capital, so they couldn't even open their doors, much less conduct business.

Posted by: Jay Guevara at February 02, 2015 03:27 PM (oKE6c)

457 Speaking of Japan, we haven't seen them at full war footing for a while.



Godzirra!

Posted by: rickb223 MD 20/20 at February 02, 2015 03:27 PM (0SPUe)

458 Who knows how long we can keep printing money to fund deficit spending? The dollar is still the world's reserve currency but China and Russia are starting to end run around that. If the dollar fails to hold its status as the only reserve currency, the economy will get mighty interesting in a hurry

Paul Krugman loves to shill for debt and inflation under the theory that we'll be paying the Chinese bond holders 30 cents on the dollar back. That assumes that in the future we won't have politicians borrowing to pay for goods and services at the inflated rate. That also assumes that the Chinese don't say "fuck you, we're dumping T-Bills onto the markets all at once"

Posted by: kbdabear at February 02, 2015 03:27 PM (GrXXa)

459 You guys should call the FBI. Seems like there's mystery $500B that got added to the debt when nobody was looking. Terrific detective work. You might get a medal or something.

Posted by: Mr. Moo Moo at February 02, 2015 03:27 PM (0LHZx)

460 Gojira tai VagISIL?

Be like Bambi vs Godzilla.

Posted by: Anna Puma (+SmuD) at February 02, 2015 03:28 PM (I7upL)

461 453 How can you not understand that solvency trumps debt?


Actually, it's liquidity that trumps everything.

Having the cash, in hand, when other don't allows you take advantage of opportunities.

Fuck paid off mortgages. Give me the cash.

Posted by: jwest at February 02, 2015 03:28 PM (9ZZd+)

462 454 Pay off your mortgage if you can, people. And your car. I did, and I have never been more financially secure. It's nice having no debt except for paying off the credit card every month (in full). Debt is going to be a bitch once the bottom falls out. And it will fall out eventually. Math demands it.
Posted by: Soona at February 02, 2015 03:26 PM (/HX7u)

____________

You're financially secure but losing money every day. Congrats.

Posted by: Mr. Moo Moo at February 02, 2015 03:28 PM (0LHZx)

463 I (and apparently you) are saying no, if you can get money for 3% use it to make more money instead.

Posted by: jwest at February 02, 2015 03:24 PM (9ZZd+)


The risk to reward is a little skewed there. There is a 0% chance that your bank is going to stop charging you 3% on your mortgage. There is an actual chance that your investments will not pay at least 6%, & you had better calculate that before you borrow against your house to buy investments.

Or don't. I mean, it's not like anyone ever had this happen to them in 1929 or some fanciful crap that happened almost 100 years ago.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:28 PM (MbqmP)

464 You do realize that there is a tax burden to exiting the market, right?

Posted by: Garrett at February 02, 2015 03:29 PM (lq9ci)

465 Carlo Ponzi is probably just jealous that he didn't have men with guns forcing new people into his scheme.
Posted by: Prince Ludwig the Indestructible 23 Skidoo at February 02, 2015 03:20 PM (GuwT9)

I'm halfway convinced Carlo Ponzi was a complete dolt who didn't know what he was doing was illegal until he was busted for it. The reason he was so successful at conning people is that the man himself didn't know he was conning people until late in the game. It is highly probable Ponzi himself thought postal reply coupons really were a magical, once-in-a-lifetime opportunity.

The bad news is that many people lost their savings because of Ponzi. The good news is that Ponzi later worked for Benito Mussolini as a financial advisor to Fascist Italy.

Posted by: troyriser at February 02, 2015 03:29 PM (CAJL/)

466 <<Ten years ago, a president proposing even higher spending after running up the debt to $18 trillion would be run out on a rail.>>

Can't remember who said it but the quote is (roughly) "Once given the ability to vote themselves a share of the state treasury, the people will continue to vote themselves raises until there is no country left to vote in."

Posted by: SGT York at February 02, 2015 03:29 PM (cU/TV)

467 WSJ Capitol Journal has article that TFG has his swagger back & wants other D's to do same.
I glanced & saw picture of him & closed it.

Posted by: Carol at February 02, 2015 03:29 PM (sj3Ax)

468 >>>Jezuz fuck, does nobody here have even a
rudimentary understanding of how this works? i feel like I'm in an
Esurance commercial.



I guess that's better than being Flo.



Posted by: Bertram Cabot Jr. at February 02, 2015 03:26 PM (W5DcG)<<<

I wish my parents didn't have Nationwide!

Posted by: Moo Moo's pet chicken at February 02, 2015 03:29 PM (f8y+G)

469 Do you all think inflation is coming?

Posted by: Mr. Moo Moo at February 02, 2015 03:29 PM (0LHZx)

470 >>>>solvency trumps debt

It used to. We're now in an era where nothing of worth is truly owned, amounting to a game where everyone is obliged to juggle debt. The trick now is how much your debt is worth [owed or potential in the form of credit], not your property or monies.

Posted by: Bigby's Typing Hands at February 02, 2015 03:29 PM (3ZtZW)

471 You guys should call the FBI. Seems like there's mystery $500B that got added to the debt when nobody was looking. Terrific detective work. You might get a medal or something.
Posted by: Mr. Moo Moo at February 02, 2015 03:27 PM (0LHZx)


You are an idiot. You should be ashamed of the stupid crap you post. Why are you not ashamed?

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:30 PM (MbqmP)

472 The Congress must send separate budgets for each department, with the most important ones first.

Force him to veto the budgets. Keep on sending them to him.

Accuse him of hurting children and poor people in order for him to toss piles of money on his cronies.

Politically attack, more boldly than fortune seems to permit.

Oh, wait... we're talking about Boehner and McConnell.

Nevermind.

Posted by: The Political Hat at February 02, 2015 03:30 PM (0Ew3K)

473 "119
That's what the state of libertarian thinking has devolved to.

***

In the late 90s the libertarian establishment made a hard play for the dopetarians.



They did this by deprioritizing every other libertarian stand.



And it worked. They managed to get a lot of dopetarians aligned with the LP or just "libertarianism".



The problem is that these new "libertarians" believe in a leviathan
strong enough to crush those that dissent from environmentalism,
socialism, and the rest of the modern left's isms...as long as everyone
gets free weed.



And so we now see the corruption of libertarianism.

Posted by: 18-1 at February 02, 2015 02:18 PM (5DM9u)"

Interesting. I wondered what had happened to the old "Leave us alone" Libertarians. With Sheldon Richman's douschbaggery and the Libertarian Party seems like a lot less of a lifeboat as the Republicans demonstrate that they are useless.

Posted by: Obnoxious A-Hole at February 02, 2015 03:30 PM (KDbAT)

474 ...and given that, there really aren't solid penalties for wrong behaviors, in the sense that if you skipped out on paying your debts you're only losing what could never be yours anyway.

Posted by: Bigby's Typing Hands at February 02, 2015 03:30 PM (3ZtZW)

475 The House needs to go back to the old but sane days when spending bills were for one item only instead of these humongous cover-everything-and-then-some bills. Then let the people see Little Barry veto each bill separately.

Posted by: Ruth at February 02, 2015 03:30 PM (oXsQ7)

476 <The reason he was so successful at conning people is that the man
himself didn't know he was conning people until late in the game.>

Which is why Enron went on for so long. No one at the company thought 'Mark to Market' cooking of the books was in any way unethical simply on the basis that no one else had done it and it wasn't technically illegal.

Posted by: SGT York at February 02, 2015 03:30 PM (cU/TV)

477 There is no free lunch.

Posted by: Garrett at February 02, 2015 03:31 PM (lq9ci)

478 Fuck paid off mortgages. Give me the cash.

Paid off debts = stockpile cash faster.

It's a question of what your window is, I suppose.

Posted by: Brother Cavil, Unrepresented at February 02, 2015 03:31 PM (DT3rQ)

479 The risk to reward is a little skewed there. There is a 0% chance that your bank is going to stop charging you 3% on your mortgage. There is an actual chance that your investments will not pay at least 6%, & you had better calculate that before you borrow against your house to buy investments.

Or don't. I mean, it's not like anyone ever had this happen to them in 1929 or some fanciful crap that happened almost 100 years ago.
Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:28 PM (MbqmP)




_______

You know what also happened after 1929, real estate prices crashed. Which means the people most hurt were those who owned real estate outright, while those with mortgages just walked away.

That's the real risk, owning assets outright that can lose 1/2 their value overnight.

Posted by: Mr. Moo Moo at February 02, 2015 03:31 PM (0LHZx)

480 You're financially secure but losing money every day. Congrats.
Posted by: Mr. Moo Moo at February 02, 2015 03:28 PM (0LHZx)


------------------------------------


Given the choice, I'd rather be financially secure. Peace of mind and all that. Something that gamblers and cheaters never have.

Posted by: Soona at February 02, 2015 03:31 PM (/HX7u)

481 Do you all think inflation is coming?

Posted by: Mr. Moo Moo at February 02, 2015 03:29 PM (0LHZx)


Is coming? No.

It's here. When a pair of pants costs more this year than it did last year, and food costs more this *month* than it did last month- that's inflation.

But keep believing what the Democrats tell you. I'm sure it'll be fine.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:31 PM (kff5f)

482 Free weed is bad. Profitable weed is good. "25 dollars for an eighth" is what our consultant told us good recreational weed goes for in CO. Does that seem way too cheap?

Posted by: Lincolntf at February 02, 2015 03:32 PM (2cS/G)

483 Paid off debts = stockpile cash faster.

It's a question of what your window is, I suppose.
Posted by: Brother Cavil, Unrepresented at February 02, 2015 03:31 PM (DT3rQ)

__________

Oh fuck, don't tell me, you're a Dave Ramsey devotee?

Posted by: Mr. Moo Moo at February 02, 2015 03:32 PM (0LHZx)

484 You guys should call the FBI. Seems like there's mystery $500B that got
added to the debt when nobody was looking. Terrific detective work. You
might get a medal or something.


Wow, your brilliance astounds. Truly.

Do us all a favor and leave. Please and thank you.

Posted by: DocJ at February 02, 2015 03:32 PM (0RQVM)

485 >>>Paul Krugman loves to shill for debt and inflation
under the theory that we'll be paying the Chinese bond holders 30 cents
on the dollar back. That assumes that in the future we won't have
politicians borrowing to pay for goods and services at the inflated
rate. That also assumes that the Chinese don't say "fuck you, we're
dumping T-Bills onto the markets all at once"



Posted by: kbdabear at February 02, 2015 03:27 PM (GrXXa)<<<

Waaaaait a minute. Has anyone seen Poo Poo and former Enron advisor Paul Krugman in the same place at the same time???

Posted by: Art Mullen's Marshal stiffy at February 02, 2015 03:32 PM (f8y+G)

486 Do you all think inflation is coming?
Posted by: Mr. Moo Moo at February 02, 2015 03:29 PM (0LHZx)


Guys! I just figured it out! Doo Doo thinks that the government calculates inflation the same way they calculated inflation in 1979. Oh well, I guess it sucks to be stupid.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:32 PM (MbqmP)

487 Do you all think inflation is coming?

Coming? I'm pretty sure we've been tripping over its baggage in the hall for quite some time now.

Posted by: Brother Cavil, Unrepresented at February 02, 2015 03:33 PM (DT3rQ)

488 "465
Carlo Ponzi is probably just jealous that he didn't have men with guns forcing new people into his scheme.

Posted by: Prince Ludwig the Indestructible 23 Skidoo at February 02, 2015 03:20 PM (GuwT9)



I'm halfway convinced Carlo Ponzi was a complete dolt who didn't
know what he was doing was illegal until he was busted for it. The
reason he was so successful at conning people is that the man himself
didn't know he was conning people until late in the game. It is highly
probable Ponzi himself thought postal reply coupons really were a
magical, once-in-a-lifetime opportunity.



The bad news is that many people lost their savings because of
Ponzi. The good news is that Ponzi later worked for Benito Mussolini as a
financial advisor to Fascist Italy.

Posted by: troyriser at February 02, 2015 03:29 PM (CAJL/)"

But what about Thomas Ponzi, the guy who invented the scheme that is named after him?

Posted by: Obnoxious A-Hole at February 02, 2015 03:33 PM (KDbAT)

489 You are an idiot. You should be ashamed of the stupid crap you post. Why are you not ashamed?

Erm...

Asked: Why are you not ashamed?
Answered: You are an idiot.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:33 PM (kff5f)

490 481 Do you all think inflation is coming?

Posted by: Mr. Moo Moo at February 02, 2015 03:29 PM (0LHZx)

Is coming? No.

It's here. When a pair of pants costs more this year than it did last year, and food costs more this *month* than it did last month- that's inflation.

But keep believing what the Democrats tell you. I'm sure it'll be fine.
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:31 PM (kff5f)

___________

OK. So you think inflation is here and will be here in the future...and yet you think debt is bad.

Think about that for a second, and get back to me with why the two ideas cannot mutually exist.

Posted by: Mr. Moo Moo at February 02, 2015 03:33 PM (0LHZx)

491 "Pay off your mortgage if you can, people. And your car. I did, and I
have never been more financially secure. It's nice having no debt except
for paying off the credit card every month (in full). Debt is going to
be a bitch once the bottom falls out. And it will fall out eventually.
Math demands it."

Exactly.
My nearly debt-free existence (just a relatively small 15 year
mortgage) allowed me to glide through the worst of the recession even
though I saw at least a 30% drop in income and two more mouths to feed.
Had I been living like most Americans and just managing my debt for the
past 15 years like all he experts tell you (instead of just
eliminating it altogether) it would have been a disaster.

Posted by: George Orwell de Leon at February 02, 2015 03:33 PM (1BQGO)

492 InflateGate!

Posted by: Lincolntf at February 02, 2015 03:34 PM (2cS/G)

493 Paul Krugman loves to shill for debt and inflation under the theory that we'll be paying the Chinese bond holders 30 cents on the dollar back. That assumes that in the future we won't have politicians borrowing to pay for goods and services at the inflated rate. That also assumes that the Chinese don't say "fuck you, we're dumping T-Bills onto the markets all at once"

Posted by: kbdabear at February 02, 2015 03:27 PM (GrXXa)



IIRC, the Chinese stopped buying our toilet paper T bills several years ago, because the interest rate was too low in view of the inflation risk (risk, hell, that's a certainty because of QE).

So now we buy our own debt. I like the concept. I just loaned myself $1 billion, and promise myself to repay myself as soon as I feel like it.

Posted by: Jay Guevara at February 02, 2015 03:34 PM (oKE6c)

494 You know what also happened after 1929, real estate prices crashed. Which means the people most hurt were those who owned real estate outright, while those with mortgages just walked away.

That's the real risk, owning assets outright that can lose 1/2 their value overnight.
Posted by: Mr. Moo Moo at February 02, 2015 03:31 PM (0LHZx)


You are astoundingly stupid, & you have very bad ideas. People like you should not be allowed to speak without adult supervision.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:34 PM (MbqmP)

495 But what about Thomas Ponzi, the guy who invented the scheme that is named after him?
Posted by: Obnoxious A-Hole at February 02, 2015 03:33 PM (KDbAT)

Lolwut?

Posted by: troyriser at February 02, 2015 03:34 PM (CAJL/)

496 OK so the consensus among you all is inflation is rampant.

And yet holding cash is also a good idea and debt is a bad idea.

And yet you all call other people LIVs......

Posted by: Mr. Moo Moo at February 02, 2015 03:34 PM (0LHZx)

497 "In 1985 we were engaged in an all-out, world wide struggle with
communism with enormous increase in military spending. That was widely accepted by both supporters and foes of the military buildup as the reason for the deficits."

Also note that domestic discretionary spending, which many people imagine had been slashed by Reagan, really didn't go down at all. It was the price the congressional Democrats exacted for letting Reagan spend sorely needed money on the armed forces.

"The spending had the desired effect and eventually caused or at least hastened the collapse of the Soviet Union. It was a deficit money well spent."

Yep. Bill Clinton was able to look "fiscally responsible" in the 1990s because he was able to hugely slash defense spending. Clinton was able to do this to defense spending because the Cold War had been won by the time of his arrival, something Clinton had nothing to do with.

The Cold War had been won because of... Reagan taking the heat for heavy deficit spending in the previous decade.

Who gets credit in this equation? Clinton.

There ain't no justice.

Posted by: torquewrench at February 02, 2015 03:35 PM (noWW6)

498 Free weed is bad. Profitable weed is good. "25 dollars for an eighth" is what our consultant told us good recreational weed goes for in CO. Does that seem way too cheap?


Damn. What happened to nickle, dime and $40/ounce bags?

Posted by: rickb223 MD 20/20 at February 02, 2015 03:35 PM (0SPUe)

499 "OK. So you think inflation is here and will be here in the future...and yet you think debt is bad.

Think about that for a second, and get back to me with why the two ideas cannot mutually exist.
Posted by: Mr. Moo Moo at February 02, 2015 03:33 PM (0LHZx)"

You assume that you will have income that exceeds the rate of inflation. Why would you think that? Because you always have in the past? And nothing will every change that?

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 03:35 PM (lMzso)

500 That's the real risk, owning assets outright that can lose 1/2 their value overnight.

Posted by: Mr. Moo Moo at February 02, 2015 03:31 PM (0LHZx)
You forgot the sarc tag

Posted by: Velvet Ambition at February 02, 2015 03:35 PM (R8hU8)

Posted by: George Orwell de Leon at February 02, 2015 03:36 PM (1BQGO)

502
Holy shit.

Tuned in *just* in time to watch MooMoo and jwest arguing over finance.


That shit would earn me more than 6% on pay-per-view.

Posted by: fixerupper at February 02, 2015 03:36 PM (NaV4z)

503 You know what also happened after 1929, real estate prices crashed. Which means the people most hurt were those who owned real estate outright, while those with mortgages just walked away. That's the real risk, owning assets outright that can lose 1/2 their value overnight.
Posted by: Mr. Moo Moo at February 02, 2015 03:31 PM (0LHZx)


-----------------------------------------


You're missing the point. Whether it's only worth half or not, I'll still own the property. It's mine and no one can take it away from me.

Posted by: Soona at February 02, 2015 03:36 PM (/HX7u)

504 Ummm-----Haven't we all spent enough time arguing
with Moo Moo today?

Time for a new thread. Maybe if it's an art of film thread we can leave Moo Moo behind.

Posted by: FenelonSpoke at February 02, 2015 03:36 PM (DXzRD)

505 Do you all think inflation is coming?


Coming? I'm pretty sure we've been tripping over its baggage in the hall for quite some time now.




You're soaking in it.
-Madge

Posted by: rickb223 at February 02, 2015 03:36 PM (0SPUe)

506 Also, one more quick one there, Moo:

In your scenario (choosing not to "pay off" your mortgage at 3% because you can "invest" at 6%), you're at least still paying your mortgage, right? I mean, if you weren't, the bank would come for your house.

Which would be bad, yes? Not having a house (plus having your debt-worthiness (that is: your credit rating) badly damaged) would be very bad for you.

Because that is much, much closer to what the US Government is doing today. The debt is going up more than the "official" deficit because we *aren't* servicing the debt properly.

We're not making 6% on that "extra" money- we're taking the money for the mortgage payment and using that as an "investment."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:37 PM (kff5f)

507 You're missing the point. Whether it's only worth half or not, I'll still own the property. It's mine and no one can take it away from me.
Posted by: Soona at February 02, 2015 03:36 PM (/HX7u)

_______

Unless you forget to pay the property tax.

Posted by: Mr. Moo Moo at February 02, 2015 03:37 PM (0LHZx)

508 *looks in*

*backs away*


Posted by: Jane D'oh at February 02, 2015 03:37 PM (FsuaD)

509 OK so the consensus among you all is inflation is rampant.

And yet holding cash is also a good idea and debt is a bad idea.

And yet you all call other people LIVs......
Posted by: Mr. Moo Moo at February 02, 2015 03:34 PM (0LHZx)


Says the dumbass who thinks that the fact that a cell-phone costs less than it did in 1991 means there hasn't been any inflation.

Get it through your thick skull: you are stupid & should be ashamed of the stupid crap you post here.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:38 PM (MbqmP)

510
You guys are just frustrated because you can't convince someone that debt is bad and eventually unsustainable.

There are tens of millions of moo moo's out there...

Posted by: Soothsayer at February 02, 2015 03:38 PM (kgXbV)

511 200/oz is the going rate in most states where there is a legal alternative to the black market.

Reason being that most growers are shut out of the legal market due to past criminal records. They aren't going to stop growing, so they are constantly undercutting the 'legal' costs.

Posted by: Garrett at February 02, 2015 03:38 PM (lq9ci)

512 >>> Do you all think inflation is coming?

"Coming? I'm pretty sure we've been tripping over its baggage in the hall for quite some time now."

It's been landing on us like a ton of wet sand every time we go grocery shopping.

We save receipts on a year over year basis, and we always buy pretty much the same basic staple-food ingredients, so it's possible to make fairly accurate calculations of the real rate of food price inflation. It's through the roof.

There was a time not all that long ago when I could not physically pick up a C-note worth of basic no-frills groceries. Not any more.

For some reason, the people I see who are "paying" with EBT cards appear wholly unconcerned about price. Funny, that.

Posted by: torquewrench at February 02, 2015 03:39 PM (noWW6)

513 Hey Moo,

Contact Scottie Walker, he's looking for Top. F*cking. Men like you in his cabinet.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:39 PM (/GgDU)

514 Given the choice, I'd rather be financially secure. Peace of mind and all that. Something that gamblers and cheaters never have.

Posted by: Soona at February 02, 2015 03:31 PM (/HX7u)


I'm with you 100%, and do exactly the same thing. We live within our means, and have no debt. Yeah, I understand that the higher the inflation rate, the more attractive debt becomes, in principle, but I'd rather not have to worry about my family sleeping under an overpass.When the housing bubble burst I was driving with our two sons past a fancy sea-view house nearby that had a boat and four ATVs outside. "See that house?" I pointed out to them. "They've got lots that we don't have. Including a foreclosure notice."Yep, it was a bank repo.

Posted by: Jay Guevara at February 02, 2015 03:39 PM (oKE6c)

515 I should not have looked at the upcoming conventions list... Pensacon at end of month.

Colin Baker, Nichelle Nichols, Marina Sirtis, Garrett Wang, Finn Jones, Julian Glover, Herbert 'Boomer' Jefferson Jr, David Warner, Jeremy 'Bobba Fett' Bulloch, Noah Hathaway, and so on.

http://pensacon.com/guests/

Posted by: Anna Puma (+SmuD) at February 02, 2015 03:39 PM (I7upL)

516 We have the worst off both worlds, imho. We have price inflation. Anyone who goes to the grocery store can see that. (My personal favorite is charging the same for a smaller package of product).

Otoh, we have wage stagnation which really hurts when prices go up. Any number of things can be the cause of the stagnant wages. My personal opinion is the REAL unemployment rate and labor participation rate have created an over supply of labor.

My two cents.

Posted by: Suppressed Flasher at February 02, 2015 03:39 PM (X+nFp)

517 Moo Moo Krugman. I swear, they just sponge from other people & think they're financial geniuses.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:39 PM (MbqmP)

518 "475
The House needs to go back to the old but sane days when spending bills
were for one item only instead of these humongous
cover-everything-and-then-some bills. Then let the people see Little
Barry veto each bill separately.


Posted by: Ruth at February 02, 2015 03:30 PM (oXsQ7)"

If Obama vetoes an omnibus bill, that is politics as usual and can easily be blamed on Republican obstruction. When every day Congress sends him a new budget for a different agency and Obama vetos it, that will happen in enough news cycles that Obama will eventually seem to be unreasonable. What matters is the number of news cycles that occur with "Obama signs another veto."

Posted by: Obnoxious A-Hole at February 02, 2015 03:40 PM (KDbAT)

519 We borrowed $490B for a budget of $3.something trillion.

Posted by: Mr. Moo Moo at February 02, 2015 03:23 PM (0LHZx)

Of which how much goes to service previous debt?

The debt is growing every year.

You really don't understand.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:40 PM (Zu3d9)

520 Unless you forget to pay the property tax.
Posted by: Mr. Moo Moo at February 02, 2015 03:37 PM (0LHZx)


------------------------------------------


Maybe in your state, but not mine.

Posted by: Soona at February 02, 2015 03:40 PM (/HX7u)

521 Says the dumbass who thinks that the fact that a cell-phone costs less than it did in 1991 means there hasn't been any inflation.

Get it through your thick skull: you are stupid & should be ashamed of the stupid crap you post here.
Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:38 PM (MbqmP)

___________

LOL. OK so in your world inflation is rampant, but it's also a good idea to hold cash.

Dude do you really not understand how idiotic and contradictory ideas are? The absolute last thing you want in an era of high inflation is cash.

Get a fucking clue. You're embarrassing yourself.

Posted by: Mr. Moo Moo at February 02, 2015 03:40 PM (0LHZx)

522 But what about Thomas Ponzi, the guy who invented the scheme that is named after him?
Posted by: Obnoxious A-Hole

May want to let wikipedia know, they seem to think it was Carlo "Charles" Ponzi.

Posted by: Prince Ludwig the Indestructible 23 Skidoo at February 02, 2015 03:41 PM (GuwT9)

523 Literally, overnight. They couldn't borrow operating capital, so they couldn't even open their doors, much less conduct business.
Posted by: Jay Guevara
-------------------

What could go wrong? Well..., we might wonder if the cycle here might assert itself..., just off the chart a way.

http://tinyurl.com/kme9yb9

Posted by: Needle Grassy Tyson at February 02, 2015 03:41 PM (/GgDU)

524 Let me guess - we've got to "invest" in infrastructure.
Which even Obama admitted doesn't really happen anymore.

But, hey, I'd settle for lefties just pointing out what the 8 Trillion in additional debt has done for us. Where's the Hoover Obama Dam?

Posted by: gwelf at February 02, 2015 03:42 PM (TJ8HB)

525 / error-ridden Tyson sock

Posted by: Needle Grassy Tyson at February 02, 2015 03:42 PM (/GgDU)

526 I was going to stop by and comment, but me and cows don't get along.

Catch you later.

Posted by: grammie winger, watching the fig tree at February 02, 2015 03:42 PM (dFi94)

527

We could always talk about underarm botox treatments.

I just heard a comedian talk about them. Never knew...

For people who sweat too much. heh.

Posted by: artisanal 'ette at February 02, 2015 03:42 PM (IXrOn)

528 You guys are just frustrated because you can't convince someone that debt is bad and eventually unsustainable.



There are tens of millions of moo moo's out there...


Yep - at least 65,915,796 of them, if Wikipedia can be trusted with tabulating the 2012 election results.

Posted by: DocJ at February 02, 2015 03:42 PM (0RQVM)

529 You really don't understand.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:40 PM (Zu3d9)


He pays more to get cuckolded by the Temple University JV raquetball team than you make in a decade.

Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:42 PM (MbqmP)

530 Ace, would you please leave twitter for awhile and post a new thread, PRETTY PLEASE

Posted by: Misanthropic Humanitarian at February 02, 2015 03:42 PM (/GgDU)

531 Most of the people here believe that it's impossible to use the equity in a house for investment purposes.

They assume that if you mortgage your house you automatically piss the money away on valueless crap, instead of buying higher return stocks, bonds or inventory for their business.

This comes from a life working for wages for somebody else.

As conservatives, I would hope there was a little more of an entrepreneurial attitude around here.

Posted by: jwest at February 02, 2015 03:43 PM (9ZZd+)

532 / again

Posted by: Mike Hammer, etc., etc. at February 02, 2015 03:43 PM (/GgDU)

533 519 We borrowed $490B for a budget of $3.something trillion.

Posted by: Mr. Moo Moo at February 02, 2015 03:23 PM (0LHZx)

Of which how much goes to service previous debt?

The debt is growing every year.

You really don't understand.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:40 PM (Zu3d9)

_________

yes, as I have said already, the debt grows every year like it has for 200+ years more or less.

Why is it so hard for you to understand?

Posted by: Mr. Moo Moo at February 02, 2015 03:43 PM (0LHZx)

534 OK so the consensus among you all is inflation is rampant.



And yet holding cash is also a good idea and debt is a bad idea.



Bit of a straw man. Holding cash is a bad idea, as is debt, IMO, but investing in assets that have a shot at keeping pace with inflation is not.

Posted by: Jay Guevara at February 02, 2015 03:43 PM (oKE6c)

535 But, hey, I'd settle for lefties just pointing out what the 8 Trillion in additional debt has done for us. Where's the Hoover Obama Dam?

----

Id settle for an explanation of what happen to the $1 Trillion we spent on stimulus, infrastructure and shovel ready projects.

Start with THAT.

Posted by: fixerupper at February 02, 2015 03:43 PM (NaV4z)

536 For us to live any other way was nuts. To us, those goody-good people who worked shitty jobs for bum paychecks and took the subway to work every day, and worried about their bills, were dead. I mean they were suckers. They had no balls. If we wanted something we just took it. If anyone complained twice they got hit so bad, believe me, they never complained again.

Posted by: Barack 'Goodfella' Obama at February 02, 2015 03:43 PM (ppaKI)

537 When you earn 6% you will pay taxes on those earnings so it is reduced to the 4% to 5% range. Plus there is risk involved, which has a cost to it. Paying off a 3% has no tax consequences, unless you itemize your deductions, in which case it would still probably be pretty minimal as it would have no effect until you pass the standard deduction.

Posted by: George Orwell de Leon at February 02, 2015 03:44 PM (1BQGO)

538 Mr. Moo Moo,

Your numbers are horseshit (but I think you knew that). The deficit was 1.086 trillion last year. TreasuryDirect.Gov has the daily numbers.

Stealing Medicare an SS tax receipts is not deficit reduction.

Posted by: Ernie McCracken at February 02, 2015 03:44 PM (5R3zC)

539 I can remember when the Junior Senator from Illinois said that a debt of ~150B per year was unpatriotic, robbed the future, and was unsustainable.


Posted by: gwelf at February 02, 2015 03:44 PM (TJ8HB)

540 This Moo Moo feller is my kind of guy.

Cut. Jib. Website number?

**goes back to eating paste**

Posted by: Joke Biden at February 02, 2015 03:44 PM (f8y+G)

541 Most of the people here believe that it's impossible to use the equity in a house for investment purposes....

He's PSYCHIC!!!!!

Posted by: @JohnTant at February 02, 2015 03:44 PM (PFy0L)

542 Posted by: Jay Guevara at February 02, 2015 03:39 PM (oKE6c)

Exactly what poo poo doesn't understand.

Obviously borrowing is a net positive in a market economy. Most businesses grow with at least some borrowed money. And the housing industry wouldn't exist without it.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:44 PM (Zu3d9)

543 Id settle for an explanation of what happen to the $1 Trillion we spent on stimulus, infrastructure and shovel ready projects.
Start with THAT.
Posted by: fixerupper

I know where it went.

Posted by: Teachers' Union Pension Funds at February 02, 2015 03:45 PM (GuwT9)

544 Nah. I think inflation is here and coming on strong, so I've bought goods rather than debt instruments. Inflating away debt is something I think the Govt is very much doing but the crash is going to be very hard.

Posted by: Bigby's Typing Hands at February 02, 2015 03:45 PM (3ZtZW)

545 Id settle for an explanation of what happen to the $1 Trillion we spent on stimulus, infrastructure and shovel ready projects.



Start with THAT.

Posted by: fixerupper at February 02, 2015 03:43 PM (NaV4z)

Those ARRA signs by the freeway don't come cheap.

Posted by: Jay Guevara at February 02, 2015 03:45 PM (oKE6c)

546 Most of the people here believe that it's impossible to use the equity in a house for investment purposes.
---------------

No one here has used the word "impossible", only the word "imprudent".

Kafkatrap fail.

Posted by: Mike Hammer, etc., etc. at February 02, 2015 03:45 PM (/GgDU)

547 Obviously borrowing is a net positive in a market economy. Most businesses grow with at least some borrowed money. And the housing industry wouldn't exist without it.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:44 PM (Zu3d9)



I think y'all know exactly what each other is saying.

Posted by: artisanal 'ette at February 02, 2015 03:45 PM (IXrOn)

548 531 Most of the people here believe that it's impossible to use the equity in a house for investment purposes.

They assume that if you mortgage your house you automatically piss the money away on valueless crap, instead of buying higher return stocks, bonds or inventory for their business.

This comes from a life working for wages for somebody else.

As conservatives, I would hope there was a little more of an entrepreneurial attitude around here.
Posted by: jwest at February 02, 2015 03:43 PM (9ZZd+)

____________

Conservatives are fearful by nature. Not a bad thing necessarily, but a bad thing when it comes to finances. Fear = aversion to risk.

Posted by: Mr. Moo Moo at February 02, 2015 03:45 PM (0LHZx)

549 the debt grows every year like it has for 200+ years more or less.

Posted by: Mr. Moo Moo at February 02, 2015 03:43 PM (0LHZx)

Nope. Not true.

Good bye.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:46 PM (Zu3d9)

550 I can't link, but an article that will show up with the search terms "Complex dot com Kush connoisseur " is the one I've just found with some prices. They vary widely! I'll be in CO for the first time in three weeks for plant tours and maybe investor meetings. I will be required to inhale. Our interest is entirely medical, but when in Estes Park, do as the Estes Parkians do....

Posted by: Lincolntf at February 02, 2015 03:46 PM (2cS/G)

551 It is time to punish Zionist banksters, legalize cannabis, and punish kulaks and wreckers. And the middle class.

Perhaps a nice tax credit for Ewok kibble will bring this blog to compliance.

Posted by: Mary Cloggenstein from Brattleboro, VT at February 02, 2015 03:46 PM (Iq27Y)

552 America, please never stick your dick in crazy again.

Posted by: flounder at February 02, 2015 03:46 PM (FHh8u)

553 Posted by: Mr. Moo Moo at February 02, 2015 03:33 PM (0LHZx)

You really are an idiot.

In no reality is *owing people money* better than *having your own money.*

In. No. Reality.

Let's look at your idea here. You have a 200K mortgage. Your payments are... what $1800 mo. You have $2000.00 a month that isn't going to other bills. You say you should pay the $1800 for the mortgage, and $200 to invest.

Now, that's good as far as it goes. But let's fast-forward here. It's 20 years later. The other guy in your position now has a paid off house which is still worth 200K. You do *not* have a paid off house. You still owe 200K on it, because you kept refinancing to get that sweet sweet cash to invest.

Now, as long as nothing bad happens, you're fine. You can keep making money on borrowed money (because that has never caused a problem) potentially indefinitely. BUT what happens when suddenly your investments all crash virtually overnight? Or what happens when you are quite suddenly and unexpectedly unemployed?

Are you really trying to tell me your situation will be better than your thrifty friend (who, by-the-by, now has an extra $1800/mo to invest how he sees fit)?

You are the Land-Owning class of the Roman Empire. You think things will go on, more or less, because they always have. We're telling you that there are barbarians at the f*cking gates, and all that privilege and currency isn't going to be worth dick pretty soon.

For given values, of course, of "at the gates" and "pretty soon."

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:46 PM (kff5f)

554 Ugh, it's a jwest and moo moo bromance. I think I'm going to puke.

Posted by: Insomniac at February 02, 2015 03:46 PM (2Ojst)

555 Id settle for an explanation of what happen to the $1 Trillion
-------------

I got my cut

Posted by: - Former Senator Kay Hagen at February 02, 2015 03:46 PM (/GgDU)

556

I think there is a bible quote somewhere, but right now I can't find it. It goes something like :

"The trolls will always be with you."

I think that is what Jesus said, but I am not a bible scholar.

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 03:46 PM (lMzso)

557 OK, y'all think the Libertarian brand is tarnished by chemtrails and pot.

So let's take this:

1. Leave me the fuck alone.
2. Employ exactly the enumerated powers granted under the Constitution.
3. In case of doubt, see #1.

If you don't like the word "Libertarian", call it "Pomegrantate". Do you have a problem with this?

Posted by: Bandersnatch at February 02, 2015 03:47 PM (1xUj/)

558 Your numbers are horseshit (but I think you knew that). The deficit was 1.086 trillion last year. TreasuryDirect.Gov has the daily numbers.

Stealing Medicare an SS tax receipts is not deficit reduction.
Posted by: Ernie McCracken at February 02, 2015 03:44 PM (5R3zC)

________

Another detective among us who figured out the "REAL" deficit, not the lies of the official numbers.

Good job.

Posted by: Mr. Moo Moo at February 02, 2015 03:47 PM (0LHZx)

559 We are ruled over by innumerate idiots who don't understand basic economics. Unless we get them out of orifice, we'll never have a good economy again.

Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 03:47 PM (0HooB)

560 What happens if Boehner doesn't fold like a cheap umbrella?

Posted by: edj at February 02, 2015 03:47 PM (klzyR)

561 Obviously borrowing is a net positive in a market economy. Most businesses grow with at least some borrowed money. And the housing industry wouldn't exist without it.
Posted by: CharlieBrown'sDildo at February 02, 2015 03:44 PM (Zu3d9)


---------------------------------------


Name to two words in CBD's statement that's critical in this scenario.

Posted by: Soona at February 02, 2015 03:48 PM (/HX7u)

562 Posted by: artisanal 'ette at February 02, 2015 03:45 PM (IXrOn)

Jay Guevara?

Yup. He makes perfect sense. I was just making another point.

We understand each other fairly well in spite of the handicaps of our educations!

Posted by: CharlieBrown'sDildo at February 02, 2015 03:48 PM (Zu3d9)

563 Let's look at your idea here. You have a 200K mortgage. Your payments are... what $1800 mo. You have $2000.00 a month that isn't going to other bills. You say you should pay the $1800 for the mortgage, and $200 to invest.

Now, that's good as far as it goes. But let's fast-forward here. It's 20 years later. The other guy in your position now has a paid off house which is still worth 200K. You do *not* have a paid off house. You still owe 200K on it, because you kept refinancing to get that sweet sweet cash to invest.

____________

Yes and done right, that refinancing and investing would yield $400K.

Posted by: Mr. Moo Moo at February 02, 2015 03:48 PM (0LHZx)

564 Most of the people here believe that it's impossible to use the equity in a house for investment purposes.

----

Unposible. No.

Leverage. Its a bitch tho. And if you dont understand that, not much further to add.

Posted by: fixerupper at February 02, 2015 03:48 PM (NaV4z)

565
Conservatives are fearful by nature. Not a bad thing necessarily, but a bad thing when it comes to finances. Fear = aversion to risk.
Posted by: Mr. Moo Moo at February 02, 2015 03:45 PM (0LHZx

First it was the financial lesson.
Now, its the sociology lesson.

F*ckin eh, I can't wait until he gets into the personal hygiene lessons

Posted by: Misanthropic Humanitarian at February 02, 2015 03:48 PM (/GgDU)

566
There are millions of R voters, too, who aren't at all concerned about govt debt.

Posted by: Soothsayer at February 02, 2015 03:48 PM (kgXbV)

567 The results f the Drudge poll are in, and Walker DESTROYS every other GOP potential nominee:

https://polldaddy.com/poll/8625087/?view=results


YOUR VOTE FOR REPUBLICAN PRESIDENTIAL CANDIDATE

Bush5%9,270 votes

Carson7%14,370 votes

Christie2%3,087 votes

Cruz14%27,530 votes

Fiorina
Huckabee2%2,976 votes

Palin4%7,031 votes

Paul13%25,050 votes

Perry2%3,275 votes

Rubio4%7,761 votes

Santorum1%1,415 votes

Trump1%2,843 votes

Walker47%92,756 votes

198,325 Total Votes

----

47% in a hugely crowded field is almost like "unanimous" at this stage. It's game over.

Also note that Cruz is in 2nd.

And what is the ticket I've been pushing all along?

Walker/Cruz 2016!!!

Posted by: zombie at February 02, 2015 03:49 PM (K4YiS)

568 528 Posted by: DocJ at February 02, 2015 03:42 PM (0RQVM)
Mau Mau has *part* of a point....

thanks to the 1-2 punch of inflation and the Fed gaming interest rates low for Uncle Sugar you don't really want to hold cash if there are non-perishable assets you can stockpile....

Go long on lead and brass futures along with any sales on long-term foodstuffs etc etc

Mau Mau believes we can print as much money as the presses can kick out and there's no down side....

the Federal government is going to test his and Krugaton's hypothesis.

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:49 PM (/4AZU)

569 Most of the people here believe that it's impossible to use the equity in a house for investment purposes.

Someone needs to call the ASPCS (American Society for the Prevention of Cruelty to Strawmen). There's some pretty ugly torture going on in this thread.

Posted by: DocJ at February 02, 2015 03:49 PM (0RQVM)

570 Yes and done right, that refinancing and investing would yield $400K.
Posted by: Mr. Moo Moo at February 02, 2015 03:48 PM (0LHZx)

I like the way this guy thinks!

Posted by: Bernie Madoff at February 02, 2015 03:49 PM (ZdA3v)

571 Posted by: Misanthropic Humanitarian at February 02, 2015 03:48 PM (/GgDU)

Wipe with your left, eat with your right.

Posted by: Haji Al Moo Moo at February 02, 2015 03:50 PM (Zu3d9)

572 >>>Id settle for an explanation of what happen to the $1 Trillion we spent on stimulus, infrastructure and shovel ready projects.



Start with THAT.

Posted by: fixerupper at February 02, 2015 03:43 PM (NaV4z)<<<
Choo-choos! **hops on his AMTRAK and rides away** Wheeeeeeeeee!!!



Posted by: Sherrif Joke Biden at February 02, 2015 03:50 PM (f8y+G)

573 If you don't like the word "Libertarian", call it "Pomegrantate". Do you have a problem with this?
Posted by: Bandersnatch at February 02, 2015 03:47 PM (1xUj/)

Can't I just call you Snatch?

Posted by: Misanthropic Humanitarian at February 02, 2015 03:50 PM (/GgDU)

574 565 Posted by: Misanthropic Humanitarian at February 02, 2015 03:48 PM (/GgDU)

Farm never ran better than when Mau Mau visited....

no Milk but biggest taters I've ever seen.

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:50 PM (/4AZU)

575 Posted by: jwest at February 02, 2015 03:43 PM (9ZZd+)

It's easy for you because I have the feeling you could give a fuck if you default on a loan that you took out for some type of enterprise. You would simply file for bankruptcy because that's how the system is set up. You would have no moral aversion to that prospect.

Posted by: Bob Belcher at February 02, 2015 03:50 PM (Xrson)

576 the Federal government is going to test his and Krugaton's hypothesis.

They already have and we're paying the price in rampant inflation, falling wages and a stagnant economy that's just dragging along the bottom.

Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 03:51 PM (0HooB)

577 I'm ok using a home equity loan on .308 by the case, right.

Posted by: Jean at February 02, 2015 03:51 PM (DwF62)

578 Walker/Cruz 2016!!!

Posted by: zombie at February 02, 2015 03:49 PM (K4YiS)

Instant wood.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:51 PM (Zu3d9)

579 F*ckin eh, I can't wait until he gets into the personal hygiene lessons
Posted by: Misanthropic
-------------

If it involves Champagne, I'm out..

Posted by: - Former Senator Kay Hagen at February 02, 2015 03:51 PM (/GgDU)

580 Obviously borrowing is a net positive in a market
economy. Most businesses grow with at least some borrowed money. And the
housing industry wouldn't exist without it.


Posted by: CharlieBrown'sDildo at February 02, 2015 03:44 PM (Zu3d9)


Yep. And the difference lies in what the borrowing is for. Many people borrow for consumption, aka "burning the furniture to keep warm." Borrowing for expansion or housing is basically just addressing a liquidity problem, as long as the sum borrowed is reasonable in the circumstances (e.g., does not presume that everything will go up and up forever), and is borrowed under reasonable terms.

Posted by: Jay Guevara at February 02, 2015 03:51 PM (oKE6c)

581 Millions of undocumented dimocrats are working for fed, state, and local govts, colleges, and foundations. Shame.

http://dailycaller.com/2015/02/02/obama-quietly-adds-5-46-million

Posted by: Tortuga at February 02, 2015 03:51 PM (80yQt)

582 F*ckin eh, I can't wait until he gets into the personal hygiene lessons
Posted by: Misanthropic Humanitarian at February 02, 2015 03:48 PM (/GgDU)

----

Didnt we already establish it's totes cool to suck champagne out of your mistresses bung hole???

Posted by: fixerupper at February 02, 2015 03:51 PM (NaV4z)

583 Zombie,
I voted & posted Walker was ahead. I didn't put results because I wanted more to vote.

Huck quit stupid show for nothing.

Posted by: Carol at February 02, 2015 03:51 PM (sj3Ax)

584 has everyone already seen the Bill Belicheck picture from yesterday, as he arrived at the Super Bowl wearing a Gadsden Flag T-Shirt reading prominently "Don't Tread On Me"?

Pretty awesome.

Posted by: MTF at February 02, 2015 03:51 PM (FCsIb)

585 "OK. So you think inflation is here and will be here in the future...and yet you think debt is bad.



Think about that for a second, and get back to me with why the two ideas cannot mutually exist.

Posted by: Mr. Moo Moo at February 02, 2015 03:33 PM (0LHZx)"

Current inflation is happening at the same time that wages are stagnant as is employment. There are fewer people working today than when Obama took office and there has been, and continues to be, a whole lot of immigration. I think that a lot of people are looking at the wage deflation and trying to reduce their level of risk exposure.


In a decent economy, if your company goes under or you lose your job, you get another job. In today's economy, not so much. If you lose your job it might be a while before you find another one.

Posted by: Obnoxious A-Hole at February 02, 2015 03:51 PM (KDbAT)

586 Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:50 PM

Nailed it.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:51 PM (/GgDU)

587
Walker/Cruz 2016!!!

Posted by: zombie at February 02, 2015 03:49 PM (K4YiS)

why am I not surprised someone with the name "zombie" wants "Walkers" in the WH

Posted by: MikeH at February 02, 2015 03:52 PM (ZdA3v)

588 Didnt we already establish it's totes cool to suck champagne out of your mistresses bung hole???
Posted by: fixerupper at February 02, 2015 03:51 PM (NaV4z

Us lowly morons did. But I haven't heard the official decision from my better, the cow pie boi.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:53 PM (/GgDU)

589
Congratulations, everyone!

Another pointless exercise of mental masturbation carried out in the bowels of AoS.

This one, however, was completely boob-less and sans civil war. Awful. Just awful.

Posted by: Soothsayer at February 02, 2015 03:53 PM (kgXbV)

590

I hope Ace didn't fall down.

Posted by: artisanal 'ette at February 02, 2015 03:53 PM (IXrOn)

591 577
I'm ok using a home equity loan on .308 by the case, right.

Posted by: Jean at February 02, 2015 03:51 PM (DwF62)

Beats the hell outta student loans...

Posted by: Tex Lovera at February 02, 2015 03:53 PM (wtvvX)

592 Yeah, I saw the Gadsden shirt pic a little while ago, meant to mention it. Bad ass.

Posted by: Lincolntf at February 02, 2015 03:53 PM (2cS/G)

593 "In no reality is *owing people money* better than *having your own money.* "


Wrong.

Let's take the example of a million dollar waterfront home.

You would bust ass and pay off the mortgage.

I would mortgage it to the hilt at 3% and put the money in some stocks and inventory for a business.

Then, through no fault of your own, your waterfront Love Canal home is worth next to nothing.

I walk away and tell the bank the eat shit and die.

You get to (have to, due to lack of funds) stay in the house and grow tumors out of your forehead.

Posted by: jwest at February 02, 2015 03:53 PM (9ZZd+)

594 OK so people are taking a Drudge poll seriously?

Seriously, seriously?

Posted by: Mr. Moo Moo at February 02, 2015 03:53 PM (0LHZx)

595 This one, however, was completely boob-less and sans civil war. Awful. Just awful.

No crossbows either, I take it? It's like I don't know you people any more...

Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 03:54 PM (0HooB)

596 And what is the ticket I've been pushing all along?

Walker/Cruz 2016!!!

Posted by: zombie at February 02, 2015 03:49 PM (K4YiS)


Big smile here.

Posted by: Mindy at February 02, 2015 03:54 PM (81V/7)

597 Many people borrow for consumption, aka "burning the
furniture to keep warm."

Posted by: Jay Guevara at February 02, 2015 03:51 PM (oKE6c)

And they are the people with whom I have to bite back the "Are you really that fcuking stupid?" comments.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:54 PM (Zu3d9)

598 This one, however, was completely boob-less and sans civil war. Awful. Just awful.
Posted by: Soothsayer

It wasn't completely boob-less, thanks to PhysicsGeek.

Posted by: Prince Ludwig the Indestructible at February 02, 2015 03:54 PM (GuwT9)

599 594 Posted by: Mr. Moo Moo at February 02, 2015 03:53 PM (0LHZx)

You take NYC and Philly's Precinct results seriously let alone Chicago's?

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:54 PM (/4AZU)

600 We understand each other fairly well in spite of the handicaps of our educations!


Posted by: CharlieBrown'sDildo at February 02, 2015 03:48 PM (Zu3d9)


A mind is a terrible thing to waste ... on education!

Posted by: Jay Guevara at February 02, 2015 03:55 PM (oKE6c)

601 has everyone already seen the Bill Belicheck picture from yesterday, as he arrived at the Super Bowl wearing a Gadsden Flag T-Shirt reading prominently "Don't Tread On Me"?

Pretty awesome.
Posted by: MTF at February 02, 2015 03:51 PM (FCsIb)


yea, it's in the side bar here

he always looks like a slob, haha

I know his hoodie was his "good luck hoodie," but gosh

Posted by: artisanal 'ette at February 02, 2015 03:55 PM (IXrOn)

602 Yes and done right, that refinancing and investing would yield $400K.

Posted by: Mr. Moo Moo at February 02, 2015 03:48 PM (0LHZx)


And that $400K is going to do what when it vanishes overnight?

What's the cost of liquidating it suddenly to pay your bills when you suddenly lose your job?

Because that $400K isn't "money." It's a promise of money. And promises have expiration dates. Ask all the people who lost near everything in 2008. Many of them weren't in real estate at all, and still got taken to the cleaners.

Look at the .COM bubble.

You *might* have $400K. Or you might have $0.

In either case, your neighbor will have a nice home in which to sleep and food to eat.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:55 PM (kff5f)

603
Let's take the example of a million dollar waterfront home.

You would bust ass and pay off the mortgage.

I would mortgage it to the hilt at 3% and put the money in some stocks and inventory for a business.

Then, through no fault of your own, your waterfront Love Canal home is worth next to nothing.

I walk away and tell the bank the eat shit and die.

You get to (have to, due to lack of funds) stay in the house and grow tumors out of your forehead.

Posted by: jwest at February 02, 2015 03:53 PM (9ZZd+)

____________

bbbbbbut bbbbbbut bbbbbbut

What about morality? It's immoral to walk away. God will hate you and stuff.

Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)

604
Let's take the example of a million dollar waterfront home.

You would bust ass and pay off the mortgage.

I would mortgage it to the hilt at 3% and put the money in some stocks and inventory for a business.

Then, through no fault of your own, your waterfront Love Canal home is worth next to nothing.

I walk away and tell the bank the eat shit and die.

You get to (have to, due to lack of funds) stay in the house and grow tumors out of your forehead.

Posted by: jwest at February 02, 2015 03:53 PM (9ZZd+)

____________

bbbbbbut bbbbbbut bbbbbbut

What about morality? It's immoral to walk away. God will hate you and stuff.

Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)

605 She looked at us as though we were crazy. We could borrow more, and take the cash out! House prices only go up (especially in CA), and we could refi later and take more cash out! Woot!

Posted by: Jay Guevara at February 02, 2015 02:55 PM (oKE6c)

Citizen Morons, keep this in mind ALWAYS, and beat yourself with a hammer if you forget it ...

Bank loan officers work on COMMISSION. They do not make those nice commissions off of careful and cautious people. They don't have to give the commissions back if the loan goes bad. The loan you just took out was sold, packaged, bundled, resold, repackaged to MBS parties before you've gotten to your car from the branch office

Posted by: kbdabear at February 02, 2015 03:56 PM (GrXXa)

606 OK so people are taking a Drudge poll seriously?

Seriously, seriously?
Posted by: Mr. Moo Moo at February 02, 2015 03:53 PM (0LHZx)


No one here really takes any poll seriously.

It's just fun to dream sometimes.

Posted by: artisanal 'ette at February 02, 2015 03:56 PM (IXrOn)

607 Posted by: jwest at February 02, 2015 03:53 PM (9ZZd+

Thanks , you confirmed my post. I didn't expect though that you would so freely offer that you have no problem being a low life scum.

Posted by: Bob Belcher at February 02, 2015 03:56 PM (Xrson)

608 JWest and Mau Mau showing why you'd love to have them as neighbors...

the US deserves everything it's going to get comrades...

and folk like you will have me smiling from a nice bungalow in Nova Scotia.

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:56 PM (/4AZU)

609 Now that weed and gay marriage are legal I wonder what the super genius libertarians are gonna wage jihad for next?

My money's on euthanasia. They never seem to get around to fighting Affirmative Action or anything the Left might oppose.

But the freedom kill yourself, or have a doctor euthanize you? That's a Freedom I'm sure Reason will get behind! Durka durka!

Posted by: Costanza Defense at February 02, 2015 03:56 PM (ZPrif)

610 I walk away and tell the bank the eat shit and die.

You get to (have to, due to lack of funds) stay in the house and grow tumors out of your forehead.


Yes, but we already knew you were selfish and reprehensible.

What else is new?

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:57 PM (kff5f)

611 And that $400K is going to do what when it vanishes overnight?

What's the cost of liquidating it suddenly to pay your bills when you suddenly lose your job?

Because that $400K isn't "money." It's a promise of money. And promises have expiration dates. Ask all the people who lost near everything in 2008. Many of them weren't in real estate at all, and still got taken to the cleaners.

Look at the .COM bubble.

You *might* have $400K. Or you might have $0.

In either case, your neighbor will have a nice home in which to sleep and food to eat.
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:55 PM (kff5f)

____________

I don't really care what my neighbor has.

Back to the topic at hand, I have plenty of money to cover bills. I never said invest 100% of your money in risky instruments. I said it's idiotic to pay down 3% loans when you can earn well above 3% with the money.

Think for a second. It's not too hard, I promise.

Posted by: Mr. Moo Moo at February 02, 2015 03:57 PM (0LHZx)

612 597 Many people borrow for consumption, aka "burning the furniture to keep warm."

Posted by: Jay Guevara at February 02, 2015 03:51 PM (oKE6c)

And they are the people with whom I have to bite back the "Are you really that fcuking stupid?" comments.

Posted by: CharlieBrown'sDildo at February 02, 2015 03:54 PM (Zu3d9)



Same here. I dated a girl once who borrowed money to take a vacation. For a vacation? Really? Adios, muchacha!

Borrowing money to buy a depreciating asset is bad enough, but for straight-up consumption is madness, barring exigent circumstances.

Posted by: Jay Guevara at February 02, 2015 03:57 PM (oKE6c)

613 Let's take the example of a million dollar waterfront home.

You would bust ass and pay off the mortgage.

I would mortgage it to the hilt at 3% and put the money in some stocks and inventory for a business.

And how are you going to get a million dollar loan on a house you already owe a million dollars on?

Posted by: Insomniac at February 02, 2015 03:57 PM (2Ojst)

614 Sven @568 - concur.

Aside, as has been speculated above I'm actually starting to think MM and Paulie Krugnutz are one and the same person. I'm just wondering how many more countries have to go under before their mutated version of Keynes long-ago unworkable theory is relegated to the ashbin of history. But much like socialism, failure and high bodycounts never seem to much matter.

Posted by: DocJ at February 02, 2015 03:57 PM (0RQVM)

615 "557
OK, y'all think the Libertarian brand is tarnished by chemtrails and pot.



So let's take this:



1. Leave me the fuck alone.

2. Employ exactly the enumerated powers granted under the Constitution.

3. In case of doubt, see #1.



If you don't like the word "Libertarian", call it "Pomegrantate". Do you have a problem with this?

Posted by: Bandersnatch at February 02, 2015 03:47 PM (1xUj/)"

Sounds great. Too bad there is no longer a political party that advocates for that stuff.

Posted by: Obnoxious A-Hole at February 02, 2015 03:58 PM (KDbAT)

616 What about morality? It's immoral to walk away. God will hate you and stuff.

Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)


Huh.

You're right. Morality is overrated.

So I shouldn't just kill you and take your stuff... why?

Don't tell me I should laugh at morality today, and then be surprised when I do so tomorrow.

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:58 PM (kff5f)

617 Since 1985 our GDP has grown 127% while our debt has grown 892% over the same time.

Our debt to GDP is now 112%

It was 26% in 1985.

Posted by: Kreplach at February 02, 2015 03:58 PM (DDFkt)

618 610 Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:57 PM (kff5f)

It's *hard* to believe there's all that dilapidated factory and manufacturing space in the midwest when the investor class, the management class, and the workers all have this sort of attitude...

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 03:58 PM (/4AZU)

619 Borrowing money to buy a depreciating asset is bad enough, but for straight-up consumption is madness, barring exigent circumstances.
Posted by: Jay Guevara at February 02, 2015 03:57 PM (oKE6c)

_________

Agreed.

Posted by: Mr. Moo Moo at February 02, 2015 03:58 PM (0LHZx)

620 594 OK so people are taking a Drudge poll seriously?

Seriously, seriously?
Posted by: Mr. Moo Moo


It's a good gauge of what the enthusiastic online activist types want. No one imagines it's a valid poll of the entire nation -- but it is a valid poll of the engaged conservative online community -- who often create the narrative for the LIVs.

And any poll with Walker in front is 100% accurate!!!!!11!!1!!

Posted by: zombie at February 02, 2015 03:59 PM (K4YiS)

621 Posted by: artisanal 'ette at February 02, 2015 03:55 PM (IXrOn)
====================

Damn! I completely missed that in the sidebar. Wonderful picture though

Posted by: MTF at February 02, 2015 03:59 PM (FCsIb)

622 Think for a second. It's not too hard, I promise.



good grief

Posted by: grammie winger, watching the fig tree at February 02, 2015 03:59 PM (dFi94)

623 Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)

Huh.

You're right. Morality is overrated.

So I shouldn't just kill you and take your stuff... why?

Don't tell me I should laugh at morality today, and then be surprised when I do so tomorrow.
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:58 PM

Good for you Allen, go for it, I'll make popcorn.

Posted by: Misanthropic Humanitarian at February 02, 2015 03:59 PM (/GgDU)

624 622 Think for a second. It's not too hard, I promise.



good grief
Posted by: grammie winger, watching the fig tree at February 02, 2015 03:59 PM (dFi94)

Assholes gotta asshole.

Posted by: Insomniac at February 02, 2015 04:00 PM (2Ojst)

625 Huh.

You're right. Morality is overrated.

So I shouldn't just kill you and take your stuff... why?

Don't tell me I should laugh at morality today, and then be surprised when I do so tomorrow.
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 03:58 PM (kff5f)

___________

You sign a contract for the mortgage. It says pay the loan back or we take the house. You decide to stop paying, the bank takes the house. Both parties abide by the contract.

Morality has nothing to do with it.

Posted by: Mr. Moo Moo at February 02, 2015 04:00 PM (0LHZx)

626 Citizen Morons, keep this in mind ALWAYS, and beat yourself with a hammer if you forget it ...

Bank loan officers work on COMMISSION. They do not make those nice commissions off of careful and cautious people. They don't have to give the commissions back if the loan goes bad. The loan you just took out was sold, packaged, bundled, resold, repackaged to MBS parties before you've gotten to your car from the branch office

Posted by: kbdabear at February 02, 2015 03:56 PM (GrXXa)



Absolutely right. Just what I said to my wife: they're basically loan salesmen. Just as stock brokers are stock salesmen, and insurance brokers are insurance salesmen. Despite their faux friendly demeanor, their interests are not co-extensive with yours. In fact, in many cases, they're diametrically opposed.

Posted by: Jay Guevara at February 02, 2015 04:00 PM (oKE6c)

627 I'm of the 'pay off all debts' variety. Don't have a mortgage and cars are paid for. But I will borrow to buy something even if I have the cash to pay for it, especially when some companies will offer 2 years interest-free credit. Then it makes all the sense in the world, and only then.

Posted by: flmomof4 at February 02, 2015 04:00 PM (nSjrf)

628 Moo Moo is right, debt can't hurt us. Just ask the Japanese. Wait. What?

Posted by: East Bay Jay at February 02, 2015 04:00 PM (7v8o1)

629 Someone in Washington should tell TFG that the people won't accept any more irresponsible spending.

Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 04:01 PM (0HooB)

630 617 Since 1985 our GDP has grown 127%
Posted by: Kreplach at February 02, 2015 03:58 PM (DDFkt)

__________

No.

GDP 1985: 4.3T
GDP 2014: 16.8T

Just a weeee bit more than 127%

Posted by: Mr. Moo Moo at February 02, 2015 04:01 PM (0LHZx)

631 What about morality? It's immoral to walk away. God will hate you and stuff.
Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)


-----------------------------------------


It is immoral not to pay your debt. It's probably why this nation (among others) is in such bad shape economically right now.

And, yeah, paying debt is a devine principle.

Posted by: Soona at February 02, 2015 04:01 PM (/HX7u)

632 "I walk away and tell the bank the eat shit and die."

Banks can and do came after the borrowers. Especially if it a million dollar house and here are assets to seize. Walking away is a good strategy in those cases.

Posted by: George Orwell de Leon at February 02, 2015 04:01 PM (1BQGO)

633 You sign a contract for the mortgage. It says pay the loan back or we take the house. You decide to stop paying, the bank takes the house. Both parties abide by the contract.


---

Some states are non-recourse. The bank takes the house, but that doesn't extinguish the debt.

Posted by: SH at February 02, 2015 04:02 PM (gmeXX)

634 Yeah, stiff a bank and expect them to forget.

Some people need to cut back on the glue sniffing.

Posted by: SE Pa Moron at February 02, 2015 04:02 PM (zxQ4h)

635 I love the people who are still naÔve enough to think that the bank they've been dealing with for 30 years wouldn't assfuck them at the drop of a hat.

If you borrow money from your brother in law or your high school buddy, you do whatever it takes to pay it back in full.

If you borrow money from a bank and circumstances occur where it's worth walking away from it, don't bother to look back. Walk away without a second thought, because the bank certainly won't loose a second's sleep if they made 11 cents more fucking you.

Posted by: jwest at February 02, 2015 04:02 PM (9ZZd+)

636 It'll also be really funny when the bank forecloses the lien on jwest's equipment and sells it at auction.

Posted by: Insomniac at February 02, 2015 04:02 PM (2Ojst)

637 You sign a contract for the mortgage. It says pay the loan back or we take the house. You decide to stop paying, the bank takes the house. Both parties abide by the contract.

Morality has nothing to do with it.


No, no, you're absolutely right.

I'm sorry, I must have misplaced the contract that says I'm not supposed to kill you and take your stuff.

You simply don't understand that an amoral (let alone immoral) society simply can't exist, do you? Morality is why you can buy cheese, you idiot, and you can't even see it.

If I'm not moral, why on earth should I care about what a piece of paper says? Just because I signed it?

Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 04:02 PM (kff5f)

638 Moo Moo why are you conversing with the little people? Shouldn't you be hobnobbing people who share your tax bracket?

Posted by: Bob Belcher at February 02, 2015 04:02 PM (Xrson)

639 "I don't really care what my neighbor has.



Back to the topic at hand, I have plenty of money to cover bills. I
never said invest 100% of your money in risky instruments. I said it's
idiotic to pay down 3% loans when you can earn well above 3% with the
money.



Think for a second. It's not too hard, I promise.

Posted by: Mr. Moo Moo at February 02, 2015 03:57 PM (0LHZx)"

Well, that is the difference between us. My investment record convinces me that I am unlikely to make money by investing it. Quite the opposite, in fact. Your experience is different. I have plenty of skills but that is not one of them.

Posted by: Obnoxious A-Hole at February 02, 2015 04:02 PM (KDbAT)

640 And, yeah, paying debt is a devine principle.
Posted by: Soona at February 02, 2015 04:01 PM (/HX7u)

I like devine shrimp. Yummy.
Posted by: Uncle Joe Biden

Posted by: Misanthropic Humanitarian at February 02, 2015 04:03 PM (/GgDU)

641 *checks back in*

Jeebus.

*leaves*

Posted by: Jane D'oh at February 02, 2015 04:03 PM (FsuaD)

642 Ok, everybody. Hate to break up the fun, but me and Moo Moo have to get to rehab.

Posted by: Johnny Foot8-Ball at February 02, 2015 04:04 PM (f8y+G)

643 I said it's
idiotic to pay down 3% loans when you can earn well above 3% with the
money.


----

Assumes you are clairvoyant.

Posted by: SH at February 02, 2015 04:04 PM (gmeXX)

644 Backwards Boy,
Someone in DC has to have balls. No one tells TFG no.

Posted by: Carol at February 02, 2015 04:05 PM (sj3Ax)

645 I like devine shrimp. Yummy. Posted by: Uncle Joe Biden
Posted by: Misanthropic Humanitarian at February 02, 2015 04:03 PM (/GgDU)


----------------------------------


Heh. Damn autocorrect.

Posted by: Soona at February 02, 2015 04:06 PM (/HX7u)

646 643 Posted by: SH at February 02, 2015 04:04 PM (gmeXX)

With a better than break even batting average and no transactional costs...

but whatever dude leverage the baby's shoes and go grab that .9% margin baby...

"risk averse" indeed.

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 04:06 PM (/4AZU)

647 What about morality? It's immoral to walk away. God will hate you and stuff.

Posted by: Mr. Moo Moo at February 02, 2015 03:55 PM (0LHZx)

I'm old enough to remember back in 1987. 2000, and 2008 there were the Smartest Guys in the Room talking like you, and there would NEVER be another crash because this time the Smartest Guys in the Room were in charge.

God might not give a shit if you stiff your counterparties, but in a panic your counterparties are panicking and trying to pull cash together. I imagine if they are in a desperate situation they won't hate you, but they will do things to you that mob financiers might just find very effective.

Guys who have seen shit happen that wasn't supposed to happen usually keep a "no touch" cash reserve because the Smartest Guys in the Room usually don't know everything that is going on or they're running a scam operation that they think is too big to fail.

When the shit hits the fan, and it always does when "nobody could have seen this coming", probably your best investment will be the hardware discussed on the Sunday Gun Threads

Posted by: kbdabear at February 02, 2015 04:06 PM (GrXXa)

648 Morality has nothing to do with it, said the loan shark as his muscle man breaks your kneecaps. This is just business nothing personal.

Posted by: Slow Fester, apprentice fry cook at February 02, 2015 04:07 PM (lMzso)

649 Posted by: zombie at February 02, 2015 03:49 PM (K4YiS)

Before I would support Walker... I really need to hear his Plan for Illegals and the border.

He's been all over the map on this one... one time essentially saying Amnesty and making immigration easier (which means MORE legal immigration)...

Then saying he wasn't necessarily for Amnesty... (or he playing Sophistry games, where letting them stay and eventually giving them citizenship is not amnesty)...

And yes.... I will admit to being a Nativist... because I don't see that as a bad thing...

Posted by: BB Wolf at February 02, 2015 04:07 PM (qh617)

650 648 Posted by: Slow Fester, apprentice fry cook at February 02, 2015 04:07 PM (lMzso)

I'll see you in church this Sunday you may want to come early b/c well "crutches."

//Fat Tony the Legbreaker to Smartest Guy in the Room

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 04:07 PM (/4AZU)

651 This keeps up cow pie boi will be a top 10 finisher. As in his tax bracket

Posted by: Misanthropic Humanitarian at February 02, 2015 04:08 PM (/GgDU)

652 651 Posted by: Misanthropic Humanitarian at February 02, 2015 04:08 PM (/GgDU)

Speaking of which I need to stay away from these scrums and the doom threads.

Posted by: Sven S Blade a.k.a. El Assassin@sven10077 at February 02, 2015 04:08 PM (/4AZU)

653 Sorry for OT, but it's a Winter Nightmare here.
Temps keep going down & snow isn't slowing down.

Posted by: Carol at February 02, 2015 04:08 PM (sj3Ax)

654 BRICS, Russia/China direct currency swaps, alternate SWIFT system, Greece, Brazil, Argentina, Spain, etc completely broke, China's100 year plan to replace the USA, massive gold buys by China, Russia while Germany and several others demand repatriation of their gold reserves.

I dunno but it seems to me that the 1% and the politicians are simply looting the Republic before it collapses. Happened all through history.

Posted by: New Phone at February 02, 2015 04:09 PM (DA9he)

655
Heh. Damn autocorrect.
Posted by: Soona at February 02, 2015 04:06 PM (/HX7u)

Oh boy, don't I know that feature

:-)

Posted by: Misanthropic Humanitarian at February 02, 2015 04:09 PM (/GgDU)

656 O/T

That Nationwide Super Bowl ad with the dead kid would've made a great anti-abortion ad.

Accidents cause people.

Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 04:10 PM (0HooB)

657 Posted by: kbdabear at February 02, 2015 04:06 PM (GrXXa)

_______

I never said there won't be another crash. There is always going to be another crash.

Posted by: Mr. Moo Moo at February 02, 2015 04:11 PM (0LHZx)

658 If you don't like the word "Libertarian", call it "Pomegrantate". Do you have a problem with this?
Posted by: Bandersnatch at February 02, 2015 03:47 PM (1xUj/)

*raises hand* I'd love to leave Libertarians the fuck alone but they keep running for office as Republicans and they can't successfully hide the crazy.

Posted by: troyriser at February 02, 2015 04:11 PM (CAJL/)

659 656 O/T

That Nationwide Super Bowl ad with the dead kid would've made a great anti-abortion ad.

Accidents cause people.
Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 04:10

Oh great, now you gave Him another topic to better us on.

Posted by: Misanthropic Humanitarian at February 02, 2015 04:11 PM (/GgDU)

660 I'm sorry, I must have misplaced the contract that says I'm not supposed to kill you and take your stuff.

I would call dibs on the liver but, AoS lifestyle.

Posted by: toby928(C) at February 02, 2015 04:11 PM (evdj2)

661 Morality has nothing to do with it.

Posted by: Mr. Moo Moo at February 02, 2015 04:00 PM (0LHZx)


Which is exactly the attitude that caused the housing crash in the first place...

as both people and the banks knowingly wrote loans they knew were dumb...

And when there are enough of those out there... the system crashes...

Posted by: BB Wolf at February 02, 2015 04:12 PM (qh617)

662 I'm old enough to remember back in 1987. 2000, and 2008 there were the
Smartest Guys in the Room talking like you, and there would NEVER be
another crash because this time the Smartest Guys in the Room were in
charge.



That was a segment of the financial seminar series for our boys: whenever people start saying that the old rules no longer apply, and that the old mistakes can't be made now ... "pull your coat over your head and run for the door." Some bad shit is coming down, and some people are about to learn the hard way.

Posted by: Jay Guevara at February 02, 2015 04:12 PM (oKE6c)

663 653 Sorry for OT, but it's a Winter Nightmare here.
Temps keep going down & snow isn't slowing down.
Posted by: Carol at February 02, 2015 04:08 PM (sj3Ax)


Carol, you might be getting what we got Saturday night and all day and night Sunday. I think we ended up with about 12 inches of snow and blizzard level winds. Snowing and blowing and drifting and freezing.

Stay safe.

Posted by: grammie winger, watching the fig tree at February 02, 2015 04:12 PM (dFi94)

664 >>Sorry for OT, but it's a Winter Nightmare here.

Temps keep going down snow isn't slowing down.

Stay safe and warm, Carol! That's a lot of snow!!

Posted by: Lizzy at February 02, 2015 04:13 PM (ABcz/)

665 *raises hand* I'd love to leave Libertarians the fuck alone but they keep running for office as Republicans and they can't successfully hide the crazy.

Posted by: troyriser at February 02, 2015 04:11 PM (CAJL/)


And Republicans keep running as Conservatives... when the ones in Washington are anything but...

Posted by: BB Wolf at February 02, 2015 04:13 PM (qh617)

666 Posted by: Misanthropic Humanitarian at February

I like the commercial where the guy is texting friends if they can help move.

One friend replies: Yes

Then second text that said : No , damn auto correct

Posted by: Bob Belcher at February 02, 2015 04:13 PM (Xrson)

667 Ewok dug himself out of the snowbank. Nood up.

Posted by: Johnny Foot 8-Ball at February 02, 2015 04:13 PM (f8y+G)

668 Nood taxes

Posted by: Suppressed Flasher at February 02, 2015 04:13 PM (X+nFp)

669 wait til you see the new thread ace just posted

lol

Posted by: artisanal 'ette at February 02, 2015 04:13 PM (IXrOn)

670 653 Sorry for OT, but it's a Winter Nightmare here.

Temps keep going down snow isn't slowing down.

Posted by: Carol at February 02, 2015 04:08 PM (sj3Ax)

You must be in my neck of the woods (suburban Boston) - at least a foot of fresh global warming and the temps (which made it all the way up to almost 30) falling like a stone. Yep, lovely day here in the People's Republic of MA.

Posted by: DocJ at February 02, 2015 04:14 PM (0RQVM)

671 What's good for an individual is not the same as for a government. You want to invest rather than pay off debt. Have at it. Your decision. Its somewhat of a gamble, but one that will likely pay off. But if you are wrong, it is only you who fails. The bank has already built in the cost of your failure. But if a government is wrong, and because of the political element involved, it is almost assured they will be, it effects everyone. Society has not built in the cost of government failure.

Posted by: SH at February 02, 2015 04:16 PM (gmeXX)

672 "Im old enough to remember back in 1987. 2000, and 2008 there were the

Smartest Guys in the Room talking like you, and there would NEVER be

another crash because this time the Smartest Guys in the Room were in

charge."

Remeber the friction-free market theory of the 90's? The computer age was going to prevent future crashes because they were caused by bad information, which the internet would cure. I openly laughed at people that explained to me that obvious BS. None of them ever bothered to acknowledge I was right, BTW.

Posted by: George Orwell de Leon at February 02, 2015 04:17 PM (1BQGO)

673 What's scary about MMM's attitude is not what he himself does, because if he gets his tit caught in a wringer we would see him no more. What's scary is that the huge banks have that same attitude, the "reserve requirements" that banks are supposed to hold are a total fiction. Only TARP pulled a lot of big tits out of some nasty wringers in 2008, and not all the tits got unstuck. Derivatives exposure of the Big Boys is not exactly known, but there isn't a cash reserve big enough to bail them out, either in the Federal Reserve nor the pockets of the world's taxpayers.

It's one big casino out there, and sometimes the Grim Reaper is carrying a croupier's stick, not a wheat scythe

Posted by: kbdabear at February 02, 2015 04:19 PM (GrXXa)

674 Yep, it's a dickfer.

Posted by: Austin Milbarge, GLG 20 at February 02, 2015 04:21 PM (amQXf)

675 Remember that article "Who Goes Nazi?" The problem with Libertarians is that most Libertarians I meet would go Nazi. A desire for radical change, looking for a political savior, a huge sense of entitlement, and a hatred of Jews.

Posted by: Achilles at February 02, 2015 04:42 PM (TpeIH)

676 Mr. Moo Moo,

"Another detective among us who figured out the "REAL" deficit, not the lies of the official numbers.

Good job."

Total Public Debt Outstanding (9/30/13)

16,738,183,526,697.32

Total Public Debt Outstanding (9/30/14)

17,824,071,380,733.82

Do the math asshole. I've linked to the source in my name.

Then explain to us why the net change in the debt outstanding is not the true statement of a company or country's true financial condition.

Posted by: Ernie McCracken at February 02, 2015 07:33 PM (K1SnB)

677 Theres a boner of contention about the issue of budget and thats the politicans that drops his draws for demorats so fast, they generate a sonic boom on the way down, and he's not even in the demorat party. Boner (Lewinsky) Boehner.

Posted by: ron n. at February 02, 2015 07:50 PM (YVQn/)

678 Cut the budget starting with Obama's pay and golf lessons, and Air Force One trips.

Posted by: burt at February 03, 2015 10:37 AM (ls8AU)

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