aceofspadeshq at gee mail.com
CBD:
cbd.aoshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com
Obama Submits $4 Trillion Budget, Says He "Won't Accept" Budget That Doesn't Raise Spending
President Obama said Monday he will reject any budget from Congress that doesn’t boost spending on both defense and his own domestic priorities, saying the spending "sequesters" need to go. "America can’t afford being short-sighted and I’m 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.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.
His budget calls for boosting discretionary spending by more than 6 percent, and raising taxes to pay for it.
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.
Comments
(Jump to bottom of comments)I think there was a memo that got distributed.
Posted by: @JohnTant at February 02, 2015 01:59 PM (PFy0L)
Posted by: Lizzy at February 02, 2015 02:00 PM (ABcz/)
Why it is important to vote republican.
Posted by: Bob from table9 at February 02, 2015 02:00 PM (WNERA)
Posted by: Anna Puma (+SmuD) at February 02, 2015 02:00 PM (I7upL)
Posted by: Misanthropic Humanitarian at February 02, 2015 02:01 PM (/GgDU)
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/)
Posted by: Jane D'oh at February 02, 2015 02:01 PM (FsuaD)
Posted by: Null at February 02, 2015 02:01 PM (xjpRj)
This is pure insanity.
Posted by: Jaws at February 02, 2015 02:02 PM (WKNX4)
Posted by: Secundus at February 02, 2015 02:03 PM (dxjfk)
What a f*cking little dictator this POS is.
Posted by: Jane D'oh at February 02, 2015 02:03 PM (FsuaD)
He's just nuts, ol' Sideshow Barry, he is.
Posted by: Sort-of-Mad Max at February 02, 2015 02:03 PM (DLu2s)
Posted by: Secundus at February 02, 2015 02:03 PM (dxjfk)
It is only money.
Posted by: Bob from table9 at February 02, 2015 02:03 PM (WNERA)
A whole universe of bad possibilities.
Posted by: Lance McCormick at February 02, 2015 02:03 PM (Z0i6n)
Posted by: Trunk Monkey at February 02, 2015 02:04 PM (fLKzW)
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:04 PM (kff5f)
Posted by: Vic at February 02, 2015 02:04 PM (wlDny)
Posted by: MMW at February 02, 2015 02:04 PM (kt/h1)
**arms outstretched, starts spinning aounrd like Julie Andrews**
Posted by: "Agent Orange" Boehner at February 02, 2015 02:05 PM (f8y+G)
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)
Posted by: duke at February 02, 2015 02:05 PM (ChY2Q)
Posted by: 49% at February 02, 2015 02:05 PM (Tj+s6)
Posted by: joncelli at February 02, 2015 02:05 PM (RD7QR)
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)
Posted by: Soona at February 02, 2015 02:05 PM (/HX7u)
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)
Anything other than that is known as "bankruptcy".
Posted by: alexthechick - Commence drinking now. at February 02, 2015 02:06 PM (mf5HN)
Posted by: Bandersnatch at February 02, 2015 02:06 PM (1xUj/)
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)
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)
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)
Posted by: Bob Belcher at February 02, 2015 02:07 PM (Xrson)
Posted by: Valerie Jarrett at February 02, 2015 02:07 PM (B/VB5)
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)
-----------------------
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)
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)
Posted by: HR needs donuts at February 02, 2015 02:07 PM (ZKzrr)
Posted by: andycanuck at February 02, 2015 02:08 PM (L6/+u)
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)
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)
Posted by: Anna Puma (+SmuD) at February 02, 2015 02:08 PM (I7upL)
Posted by: andycanuck at February 02, 2015 02:08 PM (L6/+u)
Posted by: HR needs donuts at February 02, 2015
Auto Pen Baby
Posted by: Misanthropic Humanitarian at February 02, 2015 02:08 PM (/GgDU)
unfunded spending does he want?"
Posted by: AllenG
Fixed.
Posted by: rickb223 MD 20/20 at February 02, 2015 02:09 PM (0SPUe)
Posted by: Mr. Moo Moo at February 02, 2015 02:09 PM (0LHZx)
Posted by: Bob from table9 at February 02, 2015 02:09 PM (WNERA)
Posted by: Secundus at February 02, 2015 02:09 PM (dxjfk)
Posted by: Chris_Balsz at February 02, 2015 02:09 PM (kTWS+)
Posted by: dfbaskwill at February 02, 2015 02:09 PM (zllbf)
Posted by: thathalfrican at February 02, 2015 02:10 PM (/gk1A)
Posted by: The Prophet Some Dope at February 02, 2015 02:10 PM (hKyl0)
Posted by: SE Pa Moron at February 02, 2015 02:10 PM (zxQ4h)
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/)
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)
Posted by: American Voters at February 02, 2015 02:11 PM (ZPrif)
Posted by: Buzzion at February 02, 2015 02:11 PM (z/Ubi)
Posted by: Trunk Monkey at February 02, 2015 02:11 PM (fLKzW)
Posted by: Yeah, I'm being facetious at February 02, 2015 02:11 PM (SCcgT)
So Barky ADMITS that he manufactured the criseses.
Posted by: rickb223 MD 20/20 at February 02, 2015 02:11 PM (0SPUe)
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)
------------------------
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)
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)
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/)
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)
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+)
Posted by: diBlasio's dead groundhog at February 02, 2015 02:12 PM (NeFrd)
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)
Posted by: Jane D'oh at February 02, 2015 02:12 PM (FsuaD)
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)
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)
Posted by: Cicero (@cicero) at February 02, 2015 02:12 PM (8ZskC)
Posted by: huerfano at February 02, 2015 02:13 PM (bAGA/)
Posted by: Thatch at February 02, 2015 02:13 PM (m/nBa)
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)
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)
Posted by: Barky I Numbnuts at February 02, 2015 02:13 PM (8ZskC)
Posted by: Bigby's Pill-Popping Hands at February 02, 2015 02:13 PM (3ZtZW)
Posted by: Stateless Infidel at February 02, 2015 02:14 PM (AC0lD)
Posted by: Soona at February 02, 2015 02:14 PM (/HX7u)
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)
Posted by: J.J. Sefton at February 02, 2015 02:14 PM (CMkNk)
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)
Posted by: Super Creepy Rob Lowe at February 02, 2015 02:15 PM (oDCMR)
Posted by: Cicero (@cicero) at February 02, 2015 02:15 PM (8ZskC)
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)
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)
Posted by: Lizzy at February 02, 2015 02:15 PM (ABcz/)
Posted by: Bob from table9 at February 02, 2015 02:15 PM (WNERA)
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)
Posted by: diBlasio's dead groundhog at February 02, 2015 02:16 PM (NeFrd)
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)
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)
Posted by: Thelma & Barack at February 02, 2015 02:16 PM (8ZskC)
Posted by: Pete Carroll at February 02, 2015 02:16 PM (fLKzW)
$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)
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)
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/)
Hence the teleprompter.
Posted by: AmishDude at February 02, 2015 02:16 PM (L2xDv)
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)
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)
Posted by: Buzzion at February 02, 2015 02:17 PM (z/Ubi)
;-)
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)
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)
You're a fucking idiot.
--
Go fuck yourself, dipshit.
Posted by: Costanza Defense at February 02, 2015 02:17 PM (ZPrif)
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)
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)
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)
Posted by: Jimmy Carter's $1.33T 1980 Federal Budget at February 02, 2015 02:18 PM (8ZskC)
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)
Posted by: Joe Mama at February 02, 2015 02:18 PM (OM9Av)
***
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)
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)
Posted by: Misanthropic Humanitarian at February 02, 2015 02:18 PM (/GgDU)
Posted by: wooga at February 02, 2015 02:18 PM (HoRFj)
Posted by: Costanza Defense at February 02, 2015 02:18 PM (ZPrif)
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)
"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)
***
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)
Posted by: ScoggDog at February 02, 2015 02:19 PM (qcr5D)
Posted by: Blue Hen at February 02, 2015 02:19 PM (Spluw)
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)
Posted by: torquewrench at February 02, 2015 02:17 PM (noWW6)
Posted by: Misanthropic Humanitarian at February 02, 2015 02:19 PM (/GgDU)
Posted by: Carol at February 02, 2015 02:19 PM (sj3Ax)
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)
Posted by: Steve Austerity at February 02, 2015 02:20 PM (wAQA5)
Posted by: Costanza Defense at February 02, 2015 02:20 PM (ZPrif)
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)
Posted by: Misanthropic Humanitarian at February 02, 2015 02:20 PM (/GgDU)
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)
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)
Posted by: bonhomme at February 02, 2015 02:20 PM (jhqr1)
THIS
Posted by: Sean Bannion at February 02, 2015 02:21 PM (6rKEC)
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)
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)
It is only money."
And Monopoly money at that.
Posted by: Keith Arnold at February 02, 2015 02:22 PM (iIzG7)
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)
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)
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)
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)
Posted by: Super Creepy Rob Lowe at February 02, 2015 02:23 PM (oDCMR)
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)
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)
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)
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)
[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)
---------
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)
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)
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)
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)
Posted by: Costanza Defense at February 02, 2015 02:24 PM (ZPrif)
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)
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)
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)
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)
He hit the nitrous and found he couldn't steer.
Posted by: rickb223 MD 20/20 at February 02, 2015 02:25 PM (0SPUe)
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)
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)
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)
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)
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)
Posted by: jwpaine at February 02, 2015 02:26 PM (a3NCX)
Posted by: MTF at February 02, 2015 02:26 PM (FCsIb)
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)
Posted by: Super Creepy Rob Lowe at February 02, 2015 02:26 PM (oDCMR)
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)
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)
***
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)
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)
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)
Posted by: rickb223 MD 20/20 at February 02, 2015 02:28 PM (0SPUe)
Posted by: Super Creepy Rob Lowe at February 02, 2015 02:28 PM (oDCMR)
Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 02:28 PM (6fyGz)
Posted by: Bertram Cabot Jr. at February 02, 2015 02:28 PM (W5DcG)
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)
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)
Posted by: Lizzy at February 02, 2015 02:29 PM (ABcz/)
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)
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)
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)
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)
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)
Posted by: diBlasio's dead groundhog, spokesrodent extraordinaire at February 02, 2015 02:31 PM (NeFrd)
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)
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)
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)
Posted by: Bob Belcher at February 02, 2015 02:31 PM (Xrson)
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)
Posted by: Dissent555 at February 02, 2015 02:31 PM (VFhMt)
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)
------------------------------
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)
Posted by: diBlasio's dead groundhog at February 02, 2015 02:32 PM (NeFrd)
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/)
Posted by: Aldo Moro at February 02, 2015 02:33 PM (8CdUx)
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)
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)
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)
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)
Yeah ... that'll work.
Posted by: ScoggDog at February 02, 2015 02:33 PM (qcr5D)
"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)
--------------------
Freeze them. Its what Yankees do.
Posted by: Super Creepy Rob Lowe at February 02, 2015 02:34 PM (oDCMR)
Posted by: MaxMBJ at February 02, 2015 02:34 PM (5/iFs)
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)
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)
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)
Posted by: Mr. Moo Moo at February 02, 2015 02:34 PM (0LHZx)
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)
-------------------
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)
Posted by: joe-impeachin44 at February 02, 2015 02:35 PM (8UKC6)
Posted by: joe-impeachin44 at February 02, 2015 02:35 PM (8UKC6)
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)
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)
------------------------------
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)
Punch 'em out like in Airplane!
Posted by: Bertram Cabot Jr. at February 02, 2015 02:36 PM (W5DcG)
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)
Posted by: The Mega Independent at February 02, 2015 02:36 PM (QCo5R)
Posted by: Soothsayer at February 02, 2015 02:36 PM (kgXbV)
Posted by: Soona at February 02, 2015 02:37 PM (/HX7u)
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)
And the Middle Class.
Posted by: Fritz at February 02, 2015 02:37 PM (UzPAd)
Posted by: Kraken at February 02, 2015 02:37 PM (5+mPY)
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)
He's not going to lame duck himself, you know.
Posted by: joe-impeachin44 at February 02, 2015 02:37 PM (8UKC6)
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)
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)
Posted by: Some guy at February 02, 2015 02:38 PM (RYQAM)
Posted by: CharlieBrown'sDildo at February 02, 2015 02:38 PM (Zu3d9)
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)
Posted by: The Republican leadership at February 02, 2015 02:38 PM (5DM9u)
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)
Posted by: John Doe@Another Quidam at February 02, 2015 02:38 PM (g1MTt)
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)
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)
Posted by: Bob Belcher at February 02, 2015 02:39 PM (Xrson)
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)
___
What are you talking about? My bank accounts are growing quite well.
Posted by: Obama at February 02, 2015 02:39 PM (5DM9u)
Posted by: toby928(C) at February 02, 2015 02:40 PM (evdj2)
Posted by: Lyndon LaDouche at February 02, 2015 02:40 PM (W5DcG)
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)
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)
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)
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)
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)
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+)
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)
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)
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)
Posted by: Damiano at February 02, 2015 02:42 PM (eAw1o)
***
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)
***
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)
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)
Posted by: RWC at February 02, 2015 02:43 PM (fWAjv)
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)
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)
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)
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)
@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)
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)
No bill gets passed until TFG shoves that bill up his ass.
Posted by: Tex Lovera at February 02, 2015 02:44 PM (wtvvX)
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)
-------
And our president missed that week of class.
Posted by: Misanthropic Humanitarian at February 02, 2015 02:45 PM (/GgDU)
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)
------------------
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)
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/)
Wait, what?
Whose insane idea was that?
Posted by: AllenG (DedicatedTenther) - TrueCon at February 02, 2015 02:45 PM (kff5f)
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)
Posted by: redc1c4 at February 02, 2015 02:46 PM (RiMtm)
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)
Posted by: Mr. Moo Moo at February 02, 2015 02:46 PM (0LHZx)
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)
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)
Posted by: John Maynard Keynes at February 02, 2015 02:46 PM (Msg5U)
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)
Posted by: rplat at February 02, 2015 02:47 PM (PYTq2)
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)
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)
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)
Posted by: artisanal 'ette at February 02, 2015 02:48 PM (IXrOn)
Posted by: Soothsayer at February 02, 2015 02:49 PM (kgXbV)
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)
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)
Boned to the bone we are.
Posted by: toby928(C) at February 02, 2015 02:50 PM (evdj2)
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)
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+)
Posted by: DocJ at February 02, 2015 02:50 PM (0RQVM)
Posted by: lulz at February 02, 2015 02:50 PM (9Z8lH)
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)
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)
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)
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)
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)
Posted by: redc1c4 at February 02, 2015 02:51 PM (RiMtm)
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)
Posted by: Kraken at February 02, 2015 02:51 PM (5+mPY)
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)
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)
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)
Seems like one of the few legitimate purposes of Federal Government to me.
Posted by: ScoggDog at February 02, 2015 02:52 PM (qcr5D)
Posted by: artisanal 'ette at February 02, 2015 02:52 PM (IXrOn)
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)
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)
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)
Posted by: toby928(C) at February 02, 2015 02:53 PM (evdj2)
Posted by: Illiniwek at February 02, 2015 02:53 PM (veVl1)
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)
Posted by: Bob Belcher at February 02, 2015 02:53 PM (Xrson)
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)
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/)
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+)
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)
Posted by: Carol at February 02, 2015 02:55 PM (sj3Ax)
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)
Posted by: @JohnTant at February 02, 2015 02:55 PM (PFy0L)
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)
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)
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)
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/)
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)
Posted by: Hello, I'm Math... and I am one heartless bitch(TM) at February 02, 2015 02:56 PM (bWFHa)
Posted by: Bob Belcher at February 02, 2015 02:57 PM (Xrson)
*snort*
Posted by: toby928(C) at February 02, 2015 02:57 PM (evdj2)
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)
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)
Holy crap! Never heard of her before.
She is gorgeous......
Posted by: Tex Lovera at February 02, 2015 02:59 PM (wtvvX)
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)
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)
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)
Posted by: Jeb Bush at February 02, 2015 02:59 PM (zxQ4h)
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)
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)
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/)
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)
Posted by: @JohnTant at February 02, 2015 03:00 PM (PFy0L)
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)
Posted by: steevy at February 02, 2015 03:00 PM (v5UtH)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
It's already over the cliff in free fall.
Posted by: artisanal 'ette at February 02, 2015 03:01 PM (IXrOn)
I think we all know which choice our betters have made.
Posted by: toby928(C) at February 02, 2015 03:01 PM (evdj2)
Posted by: Che Guevara at February 02, 2015 03:02 PM (e8kgV)
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)
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)
Posted by: Nevergiveup at February 02, 2015 03:02 PM (nzKvP)
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)
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)
"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)
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)
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)
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)
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)
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)
Posted by: Bob from table9 at February 02, 2015 03:05 PM (WNERA)
Posted by: FenelonSpoke at February 02, 2015 03:05 PM (DXzRD)
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)
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)
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)
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/)
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)
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)
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)
I'm pretty sure he was being sarcastic.
Posted by: Insomniac at February 02, 2015 03:06 PM (2Ojst)
-------------------------------------
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)
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)
SO HOW BOUT DEM PATRIOTS?!?!
Posted by: Soothsayer at February 02, 2015 03:06 PM (kgXbV)
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)
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)
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)
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)
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)
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)
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)
Posted by: Soothsayer at February 02, 2015 03:08 PM (kgXbV)
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)
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)
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)
Note to self. Self, quit drinking coffee in the afternoon.
Posted by: Misanthropic Humanitarian at February 02, 2015 03:09 PM (/GgDU)
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)
Posted by: CharlieBrown'sDildo at February 02, 2015 03:09 PM (Zu3d9)
Posted by: Mr. Boo Boo at February 02, 2015 03:09 PM (MbqmP)
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)
Posted by: Berserker-Dragonheads Division at February 02, 2015 03:10 PM (FMbng)
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)
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+)
Posted by: Cornfed at February 02, 2015 03:10 PM (Hoy9u)
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)
Posted by: Kraken at February 02, 2015 03:11 PM (5+mPY)
Posted by: SFGoth at February 02, 2015 03:11 PM (26s9t)
Posted by: Barry Soetoro at February 02, 2015 03:11 PM (evdj2)
Posted by: In Exile at February 02, 2015 03:11 PM (/3yYD)
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)
Posted by: Barky Feckless at February 02, 2015 03:11 PM (/GgDU)
Good time, good times.
Posted by: JB1000 at February 02, 2015 03:11 PM (16OL0)
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)
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)
Posted by: Al Gore at February 02, 2015 03:12 PM (evdj2)
Posted by: Garrett at February 02, 2015 03:13 PM (lq9ci)
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)
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)
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+)
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)
Posted by: GGE of the Moron Horde, NC Chapter at February 02, 2015 03:13 PM (6fyGz)
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)
it says it is "aimed at"
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)
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)
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)
Fixed for accuracy.
Posted by: Golfman in NC at February 02, 2015 03:15 PM (wVWRM)
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)
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)
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)
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)
Until you can't make 6% and you lose your house, retard.
Posted by: Garrett at February 02, 2015 03:15 PM (lq9ci)
Posted by: George Orwell de Leon at February 02, 2015 03:16 PM (1BQGO)
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)
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)
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)
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)
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)
Posted by: Lincolntf at February 02, 2015 03:18 PM (2cS/G)
Posted by: blaster at February 02, 2015 03:18 PM (Rx8ML)
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)
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)
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+)
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)
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)
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)
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)
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+)
Posted by: Golfman in NC at February 02, 2015 03:20 PM (wVWRM)
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)
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+)
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)
Posted by: Anthropology Guy at February 02, 2015 03:21 PM (jYERN)
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)
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)
Posted by: FenelonSpoke at February 02, 2015 03:23 PM (DXzRD)
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)
Posted by: Roy at February 02, 2015 03:23 PM (fWLrt)
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)
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+)
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)
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)
Posted by: Lincolntf at February 02, 2015 03:25 PM (2cS/G)
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)
Posted by: Garrett at February 02, 2015 03:26 PM (lq9ci)
Posted by: Soona at February 02, 2015 03:26 PM (/HX7u)
I guess that's better than being Flo.
Posted by: Bertram Cabot Jr. at February 02, 2015 03:26 PM (W5DcG)
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)
Posted by: rickb223 MD 20/20 at February 02, 2015 03:27 PM (0SPUe)
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)
Posted by: Mr. Moo Moo at February 02, 2015 03:27 PM (0LHZx)
Posted by: Anna Puma (+SmuD) at February 02, 2015 03:28 PM (I7upL)
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+)
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)
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)
Posted by: Garrett at February 02, 2015 03:29 PM (lq9ci)
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/)
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)
I glanced & saw picture of him & closed it.
Posted by: Carol at February 02, 2015 03:29 PM (sj3Ax)
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)
Posted by: Mr. Moo Moo at February 02, 2015 03:29 PM (0LHZx)
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)
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)
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)
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)
Posted by: Bigby's Typing Hands at February 02, 2015 03:30 PM (3ZtZW)
Posted by: Ruth at February 02, 2015 03:30 PM (oXsQ7)
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)
Posted by: Garrett at February 02, 2015 03:31 PM (lq9ci)
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)
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)
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)
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)
Posted by: Lincolntf at February 02, 2015 03:32 PM (2cS/G)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Posted by: Lincolntf at February 02, 2015 03:34 PM (2cS/G)
Posted by: kbdabear at February 02, 2015 03:27 PM (GrXXa)
IIRC, the Chinese stopped buying our
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)
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)
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/)
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)
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)
Damn. What happened to nickle, dime and $40/ounce bags?
Posted by: rickb223 MD 20/20 at February 02, 2015 03:35 PM (0SPUe)
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)
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)
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)
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)
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)
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)
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)
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)
Posted by: Jane D'oh at February 02, 2015 03:37 PM (FsuaD)
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)
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)
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)
"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)
Posted by: Misanthropic Humanitarian at February 02, 2015 03:39 PM (/GgDU)
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)
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)
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)
Posted by: Anderson Cooper's Smoked Sausages at February 02, 2015 03:39 PM (MbqmP)
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)
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)
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)
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)
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)
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)
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)
Posted by: Needle Grassy Tyson at February 02, 2015 03:42 PM (/GgDU)
Posted by: grammie winger, watching the fig tree at February 02, 2015 03:42 PM (dFi94)
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)
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)
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)
Posted by: Misanthropic Humanitarian at February 02, 2015 03:42 PM (/GgDU)
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+)
Posted by: Mike Hammer, etc., etc. at February 02, 2015 03:43 PM (/GgDU)
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)
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)
----
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)
Posted by: Barack 'Goodfella' Obama at February 02, 2015 03:43 PM (ppaKI)
Posted by: George Orwell de Leon at February 02, 2015 03:44 PM (1BQGO)
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)
Posted by: gwelf at February 02, 2015 03:44 PM (TJ8HB)
Posted by: Joke Biden at February 02, 2015 03:44 PM (f8y+G)
He's PSYCHIC!!!!!
Posted by: @JohnTant at February 02, 2015 03:44 PM (PFy0L)
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)
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)
Posted by: Bigby's Typing Hands at February 02, 2015 03:45 PM (3ZtZW)
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)
---------------
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)
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)
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)
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)
Posted by: Lincolntf at February 02, 2015 03:46 PM (2cS/G)
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)
Posted by: flounder at February 02, 2015 03:46 PM (FHh8u)
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)
Posted by: Insomniac at February 02, 2015 03:46 PM (2Ojst)
Posted by: - Former Senator Kay Hagen at February 02, 2015 03:46 PM (/GgDU)
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)
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/)
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)
Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 03:47 PM (0HooB)
Posted by: edj at February 02, 2015 03:47 PM (klzyR)
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)
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)
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)
----
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)
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)
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)
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)
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)
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)
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)
Wipe with your left, eat with your right.
Posted by: Haji Al Moo Moo at February 02, 2015 03:50 PM (Zu3d9)
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)
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)
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)
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)
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)
Posted by: Jean at February 02, 2015 03:51 PM (DwF62)
Posted by: CharlieBrown'sDildo at February 02, 2015 03:51 PM (Zu3d9)
Posted by: Misanthropic
-------------
If it involves Champagne, I'm out..
Posted by: - Former Senator Kay Hagen at February 02, 2015 03:51 PM (/GgDU)
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)
http://dailycaller.com/2015/02/02/obama-quietly-adds-5-46-million
Posted by: Tortuga at February 02, 2015 03:51 PM (80yQt)
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)
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)
Pretty awesome.
Posted by: MTF at February 02, 2015 03:51 PM (FCsIb)
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)
Posted by: Misanthropic Humanitarian at February 02, 2015 03:51 PM (/GgDU)
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)
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)
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)
Posted by: artisanal 'ette at February 02, 2015 03:53 PM (IXrOn)
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)
Posted by: Lincolntf at February 02, 2015 03:53 PM (2cS/G)
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+)
Posted by: Mr. Moo Moo at February 02, 2015 03:53 PM (0LHZx)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Our debt to GDP is now 112%
It was 26% in 1985.
Posted by: Kreplach at February 02, 2015 03:58 PM (DDFkt)
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)
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)
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)
====================
Damn! I completely missed that in the sidebar. Wonderful picture though
Posted by: MTF at February 02, 2015 03:59 PM (FCsIb)
Posted by: grammie winger, watching the fig tree at February 02, 2015 03:59 PM (dFi94)
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)
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)
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)
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)
Posted by: flmomof4 at February 02, 2015 04:00 PM (nSjrf)
Posted by: East Bay Jay at February 02, 2015 04:00 PM (7v8o1)
Posted by: BackwardsBoy, who did not vote for this sh1t at February 02, 2015 04:01 PM (0HooB)
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)
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)
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)
---
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)
Some people need to cut back on the glue sniffing.
Posted by: SE Pa Moron at February 02, 2015 04:02 PM (zxQ4h)
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+)
Posted by: Insomniac at February 02, 2015 04:02 PM (2Ojst)
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)
Posted by: Bob Belcher at February 02, 2015 04:02 PM (Xrson)
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)
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)
Posted by: Jane D'oh at February 02, 2015 04:03 PM (FsuaD)
Posted by: Johnny Foot8-Ball at February 02, 2015 04:04 PM (f8y+G)
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)
Someone in DC has to have balls. No one tells TFG no.
Posted by: Carol at February 02, 2015 04:05 PM (sj3Ax)
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)
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)
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)
Posted by: Slow Fester, apprentice fry cook at February 02, 2015 04:07 PM (lMzso)
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)
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)
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)
Temps keep going down & snow isn't slowing down.
Posted by: Carol at February 02, 2015 04:08 PM (sj3Ax)
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)
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)
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)
_______
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)
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/)
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)
I would call dibs on the liver but, AoS lifestyle.
Posted by: toby928(C) at February 02, 2015 04:11 PM (evdj2)
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)
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)
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)
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/)
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)
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)
Posted by: Johnny Foot 8-Ball at February 02, 2015 04:13 PM (f8y+G)
Posted by: Suppressed Flasher at February 02, 2015 04:13 PM (X+nFp)
Posted by: artisanal 'ette at February 02, 2015 04:13 PM (IXrOn)
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)
Posted by: SH at February 02, 2015 04:16 PM (gmeXX)
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)
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)
Posted by: Austin Milbarge, GLG 20 at February 02, 2015 04:21 PM (amQXf)
Posted by: Achilles at February 02, 2015 04:42 PM (TpeIH)
"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)
Posted by: ron n. at February 02, 2015 07:50 PM (YVQn/)
Posted by: burt at February 03, 2015 10:37 AM (ls8AU)
Processing 0.07, elapsed 0.0797 seconds.
15 queries taking 0.0283 seconds, 687 records returned.
Page size 368 kb.
Powered by Minx 0.8 beta.
Real Clear Politics
Gallup
Paul Anka Haiku Contest Announcement
Integrity SAT's: Entrance Exam for Paul Anka's Band
AllahPundit's Paul Anka 45's Collection
AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings)
George Bush Slices Don Rumsfeld Like an F*ckin' Hammer
Democratic Forays into Erotica
New Shows On Gore's DNC/MTV Network
Nicknames for Potatoes, By People Who Really Hate Potatoes
Star Wars Euphemisms for Self-Abuse
Signs You're at an Iraqi "Wedding Party"
Signs Your Clown Has Gone Bad
Signs That You, Geroge Michael, Should Probably Just Give It Up
Signs of Hip-Hop Influence on John Kerry
NYT Headlines Spinning Bush's Jobs Boom
Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?"
Signs that Paul Krugman Has Lost His Frickin' Mind
All-Time Best NBA Players, According to Senator Robert Byrd
Other Bad Things About the Jews, According to the Koran
Signs That David Letterman Just Doesn't Care Anymore
Examples of Bob Kerrey's Insufferable Racial Jackassery
Signs Andy Rooney Is Going Senile
Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance
Collective Names for Groups of People
John Kerry's Other Vietnam Super-Pets
Cool Things About the XM8 Assault Rifle
Media-Approved Facts About the Democrat Spy
Changes to Make Christianity More "Inclusive"
Secret John Kerry Senatorial Accomplishments
John Edwards Campaign Excuses
John Kerry Pick-Up Lines
Changes Liberal Senator George Michell Will Make at Disney
Torments in Dog-Hell
The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)