Say what you like about impending societal collapse, but it’s big yucks:
And here was the exchange between Geithner and Ryan, after Ryan pointed the terrifying baseline (in red):
GEITHNER: You could have taken [the chart] out [to the year] 3000 or to 4000. [Laughs]
RYAN: Yeah, right. We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path.
At this point bankruptcy is the most likely outcome to the republic. It's going to be pretty brutal I'm afraid.
Reply to this commentLinkReport AbuseAnd this is the guy who was so smart that we had to overlook his tax cheating and confirm him as Treasury Secretary because only he was smart enough to get the economy back on track.
The blue bound document that was released this week is officially called a budget. It would be more accurately described as the world's longest suicide note.
Reply to this commentLinkReport AbuseIn 2006 Putin was ridiculed for a plan to pay Russian women to have babies and stop the demographic suicide.
In 2012, Obama's budget, as with his others, is based on delayed gentrification. The wealthy inhabitants of America today are buying up the future generations low rent lifestyle, which Obama and the spendthrifts have decreed is the price for their staying in power.
Then, Obama decides to double down on statism and decree "free contraception" is the law of the land. Which, along with abortion on demand, essentially further depletes the future state slaves necessary to pay for today's profligate spending, condemning whomever manages to survive the state assault on future people to an even heavier burden by otherwise eliminating these unborn debtbots the Obama/demoncrat budget demands.
It really does sound like national suicide is the Obama future.
Reply to this commentLinkReport AbuseWow - that's gold.
...which Obama and the spendthrifts have decreed is the price for their staying in power.
...unborn debtbots...
totally stealing all that stuff.
Reply to this commentLinkReport Abuse2027?
I'll be surprised if we make it to the election.
CAPTCHA: hobby-horse. Don't EVEN get me started.
Reply to this commentLinkReport AbuseI had a retired Army Colonel tell me once, as he stared at his retirement account, that he did not really care whether or not there's anything left for me someday. He just wanted to pay for his kids' college and have enough for himself to retire at 65.
Same with the rest of these clowns...2027? Heck that's at least 3 more terms for Obama from now, then he can do a Putin when things implode.
Reply to this commentLinkReport AbuseWhen you see a guy in a position of power like Timmy be that flippant about our future it makes you feel helpless.
Reply to this commentLinkReport AbuseSomebody give me a really good reason why we're not running Ryan for President. Is the great Republican primary/caucus process being managed by Obama?
Reply to this commentLinkReport AbuseBut it is funny!
Reply to this commentLinkReport AbuseI once hired a builder to construct a masonry wall. He arrived drunk on the first day. I kept him on because I felt sorry for him. The wall he built leaned to one side and was unusable. What did I expect?
We hired a guy to run our federal finances who cheated on his taxes and then claimed, in his own defense, he didn't understand the program - A program aimed at the man in the street. Now we're in staggering financial debt. What did we expect?
HA HA HA
There's an article on Drudge where the previous head of the CBO predicts we will hit the debt ceiling sometime in October. Even Geithner is predicting we will hit it before the end of the calendar year.
Reply to this commentLinkReport AbuseYuck it up indeed...
GW Bush: "Those WMD have got to be around here somewhere"
Press Corps: HA HA HA HA HA
White House Correspondents Dinner, 2004
Reply to this commentLinkReport AbuseBut it is funny!
Reply to this commentLinkReport AbuseI once hired a builder to construct a masonry wall. He arrived drunk on the first day. I kept him on because I felt sorry for him. The wall he built leaned to one side and was unusable. What did I expect?
We hired a guy to run our federal finances who cheated on his taxes and then claimed, in his own defense, he didn't understand the program - A program aimed at the man in the street. Now we're in staggering financial debt. What did we expect?
HA HA HA
But it is funny!
Reply to this commentLinkReport AbuseI once hired a builder to construct a masonry wall. He arrived drunk on the first day. I kept him on because I felt sorry for him. The wall he built leaned to one side and was unusable. What did I expect?
We hired a guy to run our federal finances who cheated on his taxes and then claimed, in his own defense, he didn't understand the program - A program aimed at the man in the street. Now we're in staggering financial debt. What did we expect?
HA HA HA
If you watch the videos on the House Budget Committee's youtube channel of the exchanges between Ryan and Tax Cheat Tim, you get the feeling that nobody is serious about our debt problem. Sure, I'm happy that Ryan calls Tim and the administration out that their rhetoric has never matched whats in their budgets. But watch this exchange on taxes: External Link
Taxes are not the biggest problem in the room. Tim say "I think both sides agree that we need to raise tax revenues by 1% of GDP in any kind of tax reform". No we don't. We need to cut government spending by 5% of GDP back down to the 18-19% of GDP we spent in the 90's and early 2000's. Ryan gets roped into the tax debate. I'm sorry, but that's the wrong fight. The leaders in the House need to reign in the purse strings.
Reply to this commentLinkReport AbuseIt used to be that the USA was something to aspire to, look up to, maybe emulate.
Sorry guys, as said in some classics... it's all over red rover.
Be affraid. Go nuts on on your representatives.
The USA, and with it the centerpeice of the Western World, is in major, globe altering trouble.
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