|
View previous topic :: View next topic
|
| Author |
Message |
Winona Ghost Ryder lives in a monochromatic world

Joined: 04 Dec 2006
|
Posted: Sat Jul 23, 2011 4:13 am |
|
|
| Christ. |
|
| Filter / Back to top |
|
 |
parker a wolf adventuring

Joined: 31 May 2007 Location: suplex city
|
Posted: Sat Jul 23, 2011 5:23 am |
|
|
80 dead to one gunman, what was he some kind of super soldier? I guess he was on an island full of unarmed kids but still, he must have been a great shot and or have been hauling around a ton of ammunition. _________________
 |
|
| Filter / Back to top |
|
 |
sawtooth heh

Joined: 04 Dec 2006 Location: flashback
|
|
| Filter / Back to top |
|
 |
Takashi

Joined: 04 Dec 2006
|
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Sat Jul 23, 2011 3:58 pm |
|
|
COIN SEIGNIORAGE: A LEGAL ALTERNATIVE TO THE DEBT CEILING
| Quote: |
Well, the debt limit crisis is upon us. Treasury Secretary Geithner says the US Government will not be able to meet all its obligations on August 3, unless the debt ceiling is increased by Congress. The Secretary says he is out of moves to extend this date. I don’t think that’s true. I think he can use proof platinum coin seigniorage to supply all the money needed to spend Congressional Appropriations. I do not know if the Administration knows about this idea yet. It may, and it may simply have been unwilling to mention it for its own reasons. But just in case it doesn’t know, and also for the sake of the rest of us, I’m making another attempt to state the case for using coin seigniorage, so that as many people as possible know that the President has an alternative to the “shock doctrine,” make a deal approach to cutting essential spending and services including the social safety net, in return for getting $2.6 Trillion more in debt issuance authority.
The idea of using coin seigniorage to remove the need for issuing debt, and so to always stay under the debt ceiling, is due to a commenter (and occasional blogger) on economics and politics blogs whose screen name is beowulf. He first presented the idea in comments and then posted the seminal blog on coin seigniorage. Throughout the next six months, a number of other posts appeared at various sites (see here for links) with increasing frequency as the debt limit problem received more attention. In the last few days, as coin seigniorage itself climbed up the hierarchy of public awareness, Felix Salmon and Matt Yglesias, both well-respected, mainstream, and professional bloggers, have mentioned the proposal while taking issue with it for reasons I’ll analyze below.
Before, I do that however, here’s what’s involved in proof platinum coin seigniorage. Congress has provided the authority, in legislation passed in 1996, for the US Mint to create platinum bullion or proof platinum coins with arbitrary fiat face value having no relationship to the value of the platinum used in these coins. The US code also provides for the Treasury to periodically “sweep” the Mint’s account at the Federal Reserve Bank for profits earned from coin seigniorage. These profits are then booked as miscellaneous receipts (revenue) to the Treasury and go into the Treasury General Account, narrowing the revenue gap between spending and tax revenues. Platinum coins with huge face values e.g. $2 Trillion, could close the revenue gap entirely, and technically end deficit spending, while still retaining the gap between tax revenues and spending. |
I have no idea at all how realistic this is but it's pretty interesting to read about either way. _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
Dark Age Iron Savior king of finders

Joined: 06 Dec 2006 Location: Spacecraft, Juanelia Country
|
Posted: Sat Jul 23, 2011 8:33 pm |
|
|
a huge document, apparently written by Anders (the man who surrendered who is currently believed to be the only attacker in the bomb/shooting spree), was apparently sent off to a lot of people who he thought might share his interests. It seems to be equal parts rambling manifesto and intimate diary, and the usual highlights are about to catch media attention
| Code: |
| A usual day for me involves email farming, writing, sharing “moderate” resources from my book on debate groups to coach fellow cultural conservatives, smoking, eating chocolate lol, taking a daily 1 hour walk/motivational meditation and doing some occasional battlegrounds in WoW on my badass Horde resto druid. I just completed Dragon Age Origins not long ago. A brilliant game!:D It’s important to have fun a few hours every day. I regret to admit that I’ve become a notorious downloader of pirated movies, series and games etc. but have noticed that an increasing number of sites have been closed down lately. Stealing is bad, I admit, but then again, when you have devoted your entire life to a good cause you can allow yourself some naughtiness especially if it can contribute to conserve your funds, cough;). Yes, yes, no ones perfect:P |
| Code: |
February 2010
I just bought Modern Warfare 2, the game. It is probably the best military simulator out there and it’s one of the hottest games this year. I played MW1 as well but I didn’t really like it as I’m generally more the fantasy RPG kind of person – Dragon Age Origins etc .and not so much into first person shooters. I see MW2 more as a part of my training-simulation than anything else. I’ve still learned to love it though and especially the multiplayer part is amazing. You can more or less completely simulate actual operations. |
So video games and internet piracy were the culprit |
|
| Filter / Back to top |
|
 |
ionustron
Joined: 05 Dec 2006
|
Posted: Sat Jul 23, 2011 9:39 pm |
|
|
| isn't it always...... |
|
| Filter / Back to top |
|
 |
Dracko a sapphist fool

Joined: 06 Dec 2006
|
Posted: Sat Jul 23, 2011 9:44 pm |
|
|
| Dark Age Iron Savior wrote: |
| Code: |
February 2010
I just bought Modern Warfare 2, the game. It is probably the best military simulator out there and it’s one of the hottest games this year. I played MW1 as well but I didn’t really like it as I’m generally more the fantasy RPG kind of person – Dragon Age Origins etc .and not so much into first person shooters. I see MW2 more as a part of my training-simulation than anything else. I’ve still learned to love it though and especially the multiplayer part is amazing. You can more or less completely simulate actual operations. |
So video games and internet piracy were the culprit |
_________________
      |
|
| Filter / Back to top |
|
 |
Dark Age Iron Savior king of finders

Joined: 06 Dec 2006 Location: Spacecraft, Juanelia Country
|
Posted: Sat Jul 23, 2011 10:03 pm |
|
|
some of the document (well, the excerpts other people are posting, I'm not going in there) is actually kind of fascinating. The whole plan and how he developed it (and what it was meant to achieve) is in there, along with all his reservations and attempts to psyche himself up. There's a bunch of right-wing writing and propaganda from other sources thrown in, as well as this whole idea he has for a new Knights Templar group and how it would work (people aren't sure yet whether certain things he wrote about fellow participants in such a group are evidence of collaborators or just wishful thinking). He's extreme right-wing and proclaims himself Christian, but Christianity isn't really part of his craziness (well, explicitly) - rather, it's how he was raised and he sees it as one of the most powerful tools to resist multiculturalism and insure stability in Europe (and he's down on the biggest churches for their attempts to promote inter-faith tolerance). There's ideas about making WMDs, seizing nuclear power plants, all kinds of crap.
Two things I saw pointed out that especially caught my attention:
1. Although he is a crazy racist and mostly down on Muslims, he was apparently worried about how the Roma ("gypsies") are being treated and especially how they might accidentally suffer if the revived right-wing had to resort to outright genocide of the undesirable types. So he basically wanted to make an Israel for them:
| Code: |
There is a great risk that the Rom/gypsies in the future will be severely persecuted in Eastern Europe. They even risk being massacred. How can we avoid this?
A majority of the Rom/gypsies are descendants of Hindu slaves brought to Europe through Hindu Kush by the Ottoman Caliphate. Approximately 100 000 Rom slaves were left behind after the Battle of Vienna in 1683. They were never invited by Europeans and are today resented by a great deal of Eastern Europeans for various reasons, their criminal behaviour being one. A majority of Rom are unwilling to assimilate to European culture and norms.
A realistic solution would be to give the Rom/gypsies a nation of their own as they are totalling approximately 5 million individuals worldwide (with a majority living in Eastern Europe). They should be granted land in Eastern Anatolia after we liberate West/East Anatolia at the end of this century. Problem solved and a potential future genocide prevented. This option will be given to those unwilling to assimilate. |
2. He was pretty down on liberalism (which he saw as weakening national strength and paving the way towards Marxism), but he thought it deserved to be allowed to thrive in it's own way:
| Code: |
There should be at least one of these liberal zones per country (extreme Las Vegas style). Suggested liberal zone regulation:
- Radically liberal in regards to moral and ethical standards
- Unrestricted access to alcohol, marihuana, prostitution and entertainment (hard drugs will still be illegal).
- Unrestricted possibilities for artistical, sexual, cultural expression (exceptions are political messages that indirectly/directly undermine the best interest of the nation state such as many Marxist political doctrines).
- Alternative schools – providing that they are residents in the zone (up for consideration).
- Separate media – radically liberal – no censorship (with exception of political propaganda). Access to the liberal media networks will be limited to residents of the liberal zone to avoid unnecessary cultural contamination. |
If this had been 40 or 50 years ago or so, before the internet age, he probably would have killed himself in some dumb accident and someone would have found this manuscript in his house, and people would be marveling at the sheer crazy curiosity of it for years.
one of the pictures he include of himself (click for full size):
both ridiculous and frightening. |
|
| Filter / Back to top |
|
 |
allensmithee polyglamorous

Joined: 21 Apr 2011 Location: wherever it is, im dying to get out
|
Posted: Sat Jul 23, 2011 11:33 pm |
|
|
that's fucked and not only that but he's got a 3d head.
it really doesn't look like a real head. I think he hid his face. _________________
 |
|
| Filter / Back to top |
|
 |
CubaLibre the road lawyer

Joined: 02 Mar 2007 Location: Balmer
|
Posted: Sun Jul 24, 2011 7:50 am |
|
|
Figures this pathetic coward would be into tac porn.
I believe the stock response to this is, well, if the feds are going to spend the money, we might as well get some of it. _________________ Let's Play, starring me. |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Sun Jul 24, 2011 11:27 am |
|
|
WASHINGTON -- Debt ceiling negotiators think they've hit on a solution to address the debt ceiling impasse and the public's unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.
This "Super Congress," composed of members of both chambers and both parties, isn't mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers -- six from each chamber and six from each party.
Legislation approved by the Super Congress -- which some on Capitol Hill are calling the "super committee" -- would then be fast-tracked through both chambers, where it couldn't be amended by simple, regular lawmakers, who'd have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process.
I don't really know how serious this whole debt ceiling thing actually is but the leadership of both parties in the government sure do seem to be using it as the pretext to consolidate more power into less-accountable formats. _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
psiga saudade

Joined: 04 Dec 2006
|
Posted: Sun Jul 24, 2011 2:15 pm |
|
|
For a peek at the machinations behind the bluster, this might help a little: http://market-ticker.org/akcs-www?singlepost=2634033
In short, we won't default as long as interest on our debts gets paid, which we can absolutely do; however, our obligations such as socialized medicine/retirement/education/unemployment/warmongering are still more than we can afford, so we either need to raise the debt ceiling (to put more on the credit card), or cut services (which is what we need Super Congress for). |
|
| Filter / Back to top |
|
 |
ionustron
Joined: 05 Dec 2006
|
Posted: Mon Jul 25, 2011 1:46 am |
|
|
| as if Congress needed to mean any less... |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
|
| Filter / Back to top |
|
 |
psiga saudade

Joined: 04 Dec 2006
|
|
| Filter / Back to top |
|
 |
Loki Laufeyson fps fragmaster

Joined: 05 Dec 2006 Location: Beneath the Mushroom Kingdom
|
|
| Filter / Back to top |
|
 |
P1d40n3

Joined: 28 Jan 2008 Location: Rain
|
Posted: Thu Jul 28, 2011 7:44 am |
|
|
this whole debt ceiling thing is making me so obscenely sick.
I never understood how people could turn to drinking, but now I understand.
If it wasn't my duty as an American citizen, this shit would turn me off politics forever. _________________
| Gorblax wrote: |
| Consider me a bronycorn |
| Adilegian wrote: |
| The secret of the 53% is that they have more powerful wizards |
|
|
| Filter / Back to top |
|
 |
CubaLibre the road lawyer

Joined: 02 Mar 2007 Location: Balmer
|
|
| Filter / Back to top |
|
 |
evnvnv hapax legomenon

Joined: 05 Dec 2006 Location: the los angeles
|
Posted: Thu Jul 28, 2011 2:43 pm |
|
|
but, which one is the good cop :(:(:( _________________ The text will not live forever. The cup are small |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Fri Jul 29, 2011 3:47 am |
|
|
They take turns pretending but there actually aren't any good cops. _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
This Machine Kills Fascis Unfinite Indiscovery

Joined: 06 Dec 2006 Location: Inside Thomas the Tank Engine, screaming
|
Posted: Fri Jul 29, 2011 4:17 am |
|
|
Meh, the Republican party is throwing a hissy fit in an attempt to make Obama look bad in the wake of the upcoming election. The plan that Boehner brought to Obama earlier in the week would require two votes to raise the debt ceiling: an immediate vote and a secondary vote, during the election. Obama is forced to respond by playing himself off as Mr. Smith. Essentially, he's being forced to campaign early (though I guess he's been campaigning since, like, March anyway). I think the Republican strategists are banking on the idea that any controversy will reflect badly on the president, since as a leader he's supposed to be in control or something.
What's the word on the street? Do people generally feel that Boehner's speech was insulting, or does the reaction fall along party lines? _________________ "Godzilla could be anyone."
| MrSkeleton wrote: |
| i dont know how to give a thing made of blood but id do it |
| evnvnv wrote: |
| If you die in the axe, you die in real life |
|
|
| Filter / Back to top |
|
 |
spectralsound fromdrone

Joined: 15 Mar 2011 Location: below the salt
|
Posted: Fri Jul 29, 2011 4:41 am |
|
|
i have no interest in hearing or reading Boehner's speech, his views alone are enough for me to want him out of politics altogether. i know i shouldn't wish such ill on another person, but the past couple of years have had me testing the limits of that principle, esp. the entirety of the debt ceiling "debate"
earlier today i was discussing with a friend the logistics of ironically wearing a "Bachmann 2012" t-shirt
i really wish i had something interesting to add to this thread, i never feel like i know enough about current events  |
|
| Filter / Back to top |
|
 |
spectralsound fromdrone

Joined: 15 Mar 2011 Location: below the salt
|
Posted: Fri Jul 29, 2011 4:41 am |
|
|
spectralsound
i really wish i had something interesting to add to this thread, i never feel like i know enough |
|
| Filter / Back to top |
|
 |
Adilegian Rogue Scholar

Joined: 05 Dec 2006 Location: Q*Bert Killscreen Nightmare
|
Posted: Fri Jul 29, 2011 4:42 am |
|
|
| spectralsound wrote: |
| i never feel like i know enough about current events |
That's one of the reasons why this is one of my favorite GBF threads! _________________
 |
|
| Filter / Back to top |
|
 |
Broco

Joined: 05 Dec 2006 Location: Headquarters
|
Posted: Fri Jul 29, 2011 5:06 am |
|
|
The situation with the debt ceiling is that you've got a lot of newly elected Tea Party Republicans who genuinely believe that Obama is a tax-and-spend liberal who created the deficit problem. To the extent that they're aware the Bush administration also racked up debt, that makes them distrust establishment Republicans like Boehner and make them think they're in league with the Democrats to some extent. They trust no one and prefer the most radical solutions, and any bill with a hint of compromise in it makes them think that someone is trying to pull the wool over them.
Boehner is running around desperately trying to find a deal that will satisfy both the Democrats in the Senate and his most extreme party members in the House, which almost by definition is practically impossible. Even if such a compromise exists, the mere fact that it's a compromise and that Democrats find it acceptable itself makes it unacceptable to the Tea Party. So it will take a lot of last-minute crisis pressure to push it through.
That's basically the left-wing inversion of the Tea Party attitude I mentioned. It's hardly likely that this threat of failing to pay bankers was driven by them. |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Fri Jul 29, 2011 5:10 am |
|
|
Historian Bruce Bartlett, a former domestic policy adviser to President Ronald Reagan, sat down with MSNBC’s Chris Matthews on Wednesday to discuss the national debt.
Bartlett said it was a myth that tax cuts are the key to prosperity, noting that Reagan raised the capital gains rate. He was also skeptical that Congress would be able to solve the current budget crisis.
“I think at this point, there’s nothing that can pass the House of Representatives,” he said.
“I think a good chunk of the Republican caucus is either stupid, crazy, ignorant or craven cowards, who are desperately afraid of the tea party people, and rightly so.” _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Fri Jul 29, 2011 5:36 am |
|
|
Also I saw this political ad on tv earlier tonight.
Spin doctors at work making bank this year. _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
P1d40n3

Joined: 28 Jan 2008 Location: Rain
|
Posted: Fri Jul 29, 2011 7:30 am |
|
|
no, the fact that no one is really serious about the deficit, and it's all about cutting entitlements is what makes me sick.
and the tea party.
and the republican leadership.
and obama.
and making a routine bookkeeping exercise into a killing a field.
the only person i've heard anything good about in this whole fiasco is Nancy Pelosi. _________________
| Gorblax wrote: |
| Consider me a bronycorn |
| Adilegian wrote: |
| The secret of the 53% is that they have more powerful wizards |
|
|
| Filter / Back to top |
|
 |
parker a wolf adventuring

Joined: 31 May 2007 Location: suplex city
|
Posted: Fri Jul 29, 2011 11:10 am |
|
|
Did Boehner really play a clip from The Town where the guy asks his buddy to come along on a home invasion and help hurt some people no questions asked to psyche congress up for passing legislation on this debt thing? I feel like I'm losing my grasp on reality here. _________________
 |
|
| Filter / Back to top |
|
 |
Shiren the Launderer

Joined: 25 Sep 2008
|
Posted: Fri Jul 29, 2011 11:40 am |
|
|
| Mr. Mechanical wrote: |
Also I saw this political ad on tv earlier tonight.
Spin doctors at work making bank this year. |
just fyi everyone, this link IS NOT "two princes" getting the love it deserves |
|
| Filter / Back to top |
|
 |
Dracko a sapphist fool

Joined: 06 Dec 2006
|
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Fri Jul 29, 2011 1:47 pm |
|
|
| Shiren the Launderer wrote: |
| Mr. Mechanical wrote: |
Also I saw this political ad on tv earlier tonight.
Spin doctors at work making bank this year. |
just fyi everyone, this link IS NOT "two princes" getting the love it deserves |
I've not seen or heard about that one but there's also this one making the rounds.
edit-Just youtubed "two princes" lol. _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
sawtooth heh

Joined: 04 Dec 2006 Location: flashback
|
Posted: Sat Jul 30, 2011 5:52 am |
|
|
| Broco wrote: |
That's basically the left-wing inversion of the Tea Party attitude I mentioned. |
i suppose the truth lies somewhere in the middle. _________________ ( ( |
|
| Filter / Back to top |
|
 |
evnvnv hapax legomenon

Joined: 05 Dec 2006 Location: the los angeles
|
Posted: Sat Jul 30, 2011 6:11 am |
|
|
all of this china fear mongering is enough to make me want to stab a fool _________________ The text will not live forever. The cup are small |
|
| Filter / Back to top |
|
 |
Dark Age Iron Savior king of finders

Joined: 06 Dec 2006 Location: Spacecraft, Juanelia Country
|
Posted: Sat Jul 30, 2011 7:35 am |
|
|
| evnvnv wrote: |
| all of this china fear mongering is enough to make me want to stab a fool |
would you mind pointing me to the post that provoked this? |
|
| Filter / Back to top |
|
 |
evnvnv hapax legomenon

Joined: 05 Dec 2006 Location: the los angeles
|
Posted: Sat Jul 30, 2011 2:06 pm |
|
|
the political ads posted above. Definitely not referring to anything anyone said in a post here.
I just mean the way it is casually name dropped as the emblem of countries that we owe money to in order to make the entire concept of foreign debt look like a bad idea, building off of the assumption China is bad and scary. Or even worse "...places like China." What do they mean by "places like China"? Just ... foreign countries in general?
I know it is subtle in those ads (more so than in some situations, of course), but for me it isn't any easier to ignore, and is maybe even worse because of how subtly it reinforces the concept that the Chinese are somehow meddling with the American economy. _________________ The text will not live forever. The cup are small |
|
| Filter / Back to top |
|
 |
This Machine Kills Fascis Unfinite Indiscovery

Joined: 06 Dec 2006 Location: Inside Thomas the Tank Engine, screaming
|
Posted: Sat Jul 30, 2011 11:23 pm |
|
|
| Mr. Mechanical wrote: |
| Shiren the Launderer wrote: |
| Mr. Mechanical wrote: |
Also I saw this political ad on tv earlier tonight.
Spin doctors at work making bank this year. |
just fyi everyone, this link IS NOT "two princes" getting the love it deserves |
I've not seen or heard about that one but there's also this one making the rounds.
edit-Just youtubed "two princes" lol. |
I honestly can't tell what those commercials are trying to say.
They're using the word "spend" like it's some kind of inherent evil, but what do they actually mean by "spend"? I'm guessing they're talking about money allocated to social services, but I don't understand how those commercials would convince anyone of anything. I mean they weren't just bullshit arguments, they completely lacked any sort of argument. I suppose they're meant to rally the base by confirming what people "already know," but the semiotics were so muddled that I couldn't really figure out their position at first glance. _________________ "Godzilla could be anyone."
| MrSkeleton wrote: |
| i dont know how to give a thing made of blood but id do it |
| evnvnv wrote: |
| If you die in the axe, you die in real life |
|
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
Posted: Sun Jul 31, 2011 12:00 am |
|
|
I don't know that they have a position. I mean I guess they do and it could be summed up as "government is bad and spending money on things that don't benefit me is waste". Remember that for the Tea Party types the belief that government can't do anything right is fundamental.
Some good news regarding two high profile whistleblower cases that were being prosecuted by the DOJ, from Greenwald: http://www.salon.com/news/opinion/glenn_greenwald/2011/07/30/whistleblowers/index.html _________________
| internisus wrote: |
| You are a pretty fucked up guy. |
True Doom Murder Junkies - Updated On Occasion |
|
| Filter / Back to top |
|
 |
Swimmy

Joined: 04 Dec 2006
|
Posted: Sun Jul 31, 2011 1:13 am |
|
|
http://www.juliansanchez.com/2011/07/28/madman-theory-2-0/
| Scott Sumner wrote: |
| PS. I’ve avoided talking about the debt ceiling thus far, partly because I don’t know much about it, partly because these things always seem to get resolved at the last minute, but mostly because the whole idea of a debt ceiling seems incredibly stupid. This morning when I woke up up the first thing I heard was that the Gang of Six had agreed to massive spending cuts, abolition of the hated AMT, and reduction of the top rate to between 23-29%. Oh, and a slash in the corporate top rate too. I thought I was dreaming. Surely this is too good to be true! And then I heard that Obama endorsed the plan. Now I knew I was dreaming. Then I heard that it wouldn’t pass because of GOP opposition in the House. Ouch, I was brutally shaken out of my reverie. If only life could be like our dreams. Unfortunately, there’s always the House GOP to keep it real. |
Even conservative-ish economists hate the GOP right now. _________________
 |
|
| Filter / Back to top |
|
 |
Mr. Mechanical ontological terrorist

Joined: 04 Dec 2006 Location: Scare Room 99
|
|
| Filter / Back to top |
|
 |
|