Tag Archive for 'We’re Fucked'
At this point, there is no plausible way for either party to argue that they oppose this stuff. The democrats could pretend to oppose it before Obama got into office, but he owns these programs now. The republicans could have claimed to oppose it if not for their full-throated defense of every police state measure Bush did and most of the ones Obama has done, too. That means the political press, which is basically the PR wing of the two parties, have little incentive to push on this issue. Popular unhappiness with it will be marginalized in the prestige media, just like opposition to the Iraq war and the bank bailouts was. Expect to see a lot of sneering about the silly rednecks wearing tinfoil hats, America-hating peaceniks who don’t want to keep us safe, etc. The smearing of Tea Party and Occupy protesters wasn’t the least bit subtle, I cant imagine this will be either. Ownership of the megaphones means you don’t have to be very subtle.
Those are my sentiments exactly. Nothing is going to change in this one party system of government we have. And for those of you that don’t think we live under a one party system, I would like to point you to this piece by Angelo Codevilla. I don’t agree with Codevilla on all of the particulars, but he certainly hits all the high points.
The fiscal gap — the present value difference over the infinite horizon — between all projected spending, including servicing official debt, and all projected taxes, is the label-free measure dictated by economic science of the unpaid bills being left to today’s and tomorrow’s children. It’s $222 trillion, based on the Congressional Budget Office’s latest projections. This true measure of our children’s fiscal abyss, which, by the way, grew $11 trillion over the last year, is almost 20 times the size of official debt held by the public!
Those of us in our 50′s might be screwed too. I don’t quite have a strategy figured out on how to deal with this problem.
For all of the current scandals facing the Obama administration, I’m going to give you the reason behind them all: It is the government doing what the government does.
Since we have a democrat administration, the government has a slightly higher tendency to screw with the populace than if it were a republican administration. Just a very slight tendency.
The first in what promises to be a series of interesting posts.
I’ll keep you notified of any updates.
Yeah, I got this from the Instapundit, but I just had to post. It’s Florida after all.
From the University of Minnesota.
I grew up in Minnesota. I won’t be going back.
Read the whole thing. Well, maybe not, if you’re planning on having a good weekend.
The Instapundit recommends tax rates of 50% on any income over the salary of the last government job.
Since I am on the outside of all this deal making and have to, you know, actually make my customers happy, I get pissed at this stuff. Members of both Team Coke and Team Pepsi do this shit.
I was aware of sports team owners being able to depreciate their player’s contracts and deduct the salaries as an operating expense, since Mrs. White Rock used to work in accounting at a local professional sports team. But you really need to go read the whole article to get a sense of the nonsense of pro sports subsidies.
The article also touches on college sports.
Update: I want it understood that when the author of the article says that tax exempt stadium bonds cost the treasury money he’s wrong, but it doesn’t change his overall point by much. One industry should not be favored over another. And pro sports seems to be a particularly bad industry to choose to subsidize if public policy goals at to help/grow the middle class.