Saturday, December 31, 2011
Maliki Kalikimaka RTP&GGrs!
We're off to Hawaii to see Decoy & Candy Cane. See you next year!
Best Small Government-Big Freedom Wishes to all RTP&GGrs
Thursday, December 29, 2011
16,400,000,000,000
The Obama administration will ask Congress to raise the nation's borrowing limit by $1.2 trillion this week, marking the third and final increase from a deal negotiated over summer.[...]Those two trillion dollars in "cuts" are not real cuts.
In August, Congress and the administration agreed to raise the borrowing limit by $2.1 trillion in three steps. The deal was reached hours before a potential default on the nation's debt and only after the parties also agreed to cut more than $2 trillion from the deficit over the next 10 years.
Also the government just released some numbersBoth parties tell us that the debt-limit deal includes $2 trillion in spending cuts, and the national media dutifully reports that those cuts are severe, yet the Congressional Budget Office (CBO) tells us that we are still on course for the national debt to increase by $8 trillion over the next 10 years. Why doesn’t the discussion over the federal budget, spending and debt in Washington make any sense?
It is called baseline budgeting. Here is how the hocus pocus works. The CBO assumes a “baseline” for federal spending over the next 10 years that includes federal spending increases of $9.5 trillion over that time. Any increase in those 10 years of less than $9.5 trillion will be reported by CBO as a cut in federal spending.
That professionalism is evident in the GAO analysis of the net present value of the Social Security and Medicare promises Washington has made to Americans. “Net present value” means the total that would have to be set aside today to pay the costs of these programs in the future. The government puts these numbers in appendices, rather than in headlines. But the costs are real.
In fiscal 2011, the cost of the promises grew from $30.9 trillion to $33.8 trillion. To put that in context, consider that the total value of companies traded on U.S. stock markets is $13.1 trillion, based on the Wilshire 5000 index, and the value of the equity in U.S. taxpayers’ homes, according to Freddie Mac, is $6.2 trillion. Said another way, there is not enough wealth in America to meet those promises.
Bottom line: the nation is headed for a debt crisis, the Republicans have failed to cuts spending as promised and there is no viable Republican candidate for president that plans to cut spending of the magnitude necessary to prevent the looming debt crisis, and there is extremely little possibility of the debt being reduced in the future as to do so would mean a depression.
Saturday, December 24, 2011
We Have A Commie In Our Midst
I come to you today to declare and warn you that we have a communist, red, socialist in our midst. I levy this most unfortunate charge after much consideration and research over the course of several years. Whether it is supporting international organizations, such as the IMF and the World Bank that were created to advance socialism throughout the world-- indeed these organizations were founded and shaped by a socialist and a communist so it is no wonder that these organizations help to promote world -wide socialism; the spirited defense of such organizations using well crafted attacks used by free market detractors, namely asymmetric information and perfect competition (he even had me fooled); allaying our concerns over these organization's growing powers saying that "... IOs are good because the only ones that have succeeded or will succeed will be in our net interest", but we have seen how this turned out; supporting the government gaining control over the internet through the FCC regulations ; his love for rock music and his well crafted support for ending the drug war; this man has been slowly advancing with Karl Marx through his long, corrupting march through America's institutions--to include this blog-- helping to corrupt the very foundation of our free society and our belief in the free market of those of us on this blog. This man is none other than MelMarx codename Melkor. This case will be laid out over the coming year/s.