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Editorial
See other Editorial Articles

Title: The next big default that no one has mentioned yet.
Source: [None]
URL Source: http://www.none.com
Published: Feb 22, 2008
Author: gengis
Post Date: 2008-02-22 08:31:52 by gengis gandhi
Keywords: None
Views: 139
Comments: 6

This is pretty typical of the disconnect from reality that has become our national pastime...insanity.

You have just a whole lot of people that can't pay the bankers, basically in one form or another, right?

Okay then, what does that leave for taxes to the government?

Default. And lower revenue among those who do pay into the system.

The politicians are so perfectly insane, with such a wish for obsolescence, that they are now talking about RAISING taxes. I really can't think of a faster way to create a huge backlash than by displaying the spectacular lack of wisdom peculiar to all politicians and administrative twerps that always amounts to putting out a fire with gasoline.

That no one I have seen on television or mainstream media is mentioning this is sort of strange. I would normally suggest that this is some type of calculated omission, but the incompetence, arrogance and general stupidity of the average media employee is so profound that it easily allows for such a massive inability to connect the dots, or even find the dots at all. And the rest of the media employees are stupid, too, if they had felt left out, but its just that they really work for the CIA.

But no one is supposed to know that either so shut your mouth and go watch television.

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#1. To: gengis gandhi (#0)

We ought to find out soon whether the CAFR statements are really true or not.

The problem with admitting this is all true and living off the "reserves" which have built up is then you would have to explain to the angry peons and peasants why they were being excessively taxed to begin with.

But, as you say, the media help out in this regard by never getting anywhere close to the truth of any of the nation's finances, be they government or private sector. I think the media have generally been told by "the man behind the curtain" that too much publicity about such arcane matters might create "panics" and "runs," so they just clam up. Trying to explain such matters is not "sexy" anyhow.

"If it bleeds, it leads" doesn't work when the only thing bleeding is red ink.

“I would give no thought of what the world might say of me, if I could only transmit to posterity the reputation of an honest man.” - Sam Houston

Sam Houston  posted on  2008-02-22   8:46:42 ET  Reply   Trace   Private Reply  


#2. To: gengis gandhi (#0)

Raising taxes pisses off the working class which in my definition doesn't include govt employees. That's good for us. More pissed off people.

What is going to happen to state governments who get no income tax on unemployed workers or property taxes from foreclosed houses? They have to cut back the government dregs. Which creates even less money for state governments. Which means less govt interference. Which is good for us.

What is going to happen to local govts/ school districts? They get lots less money from the state. They cut back on sports programs, teachers, aides, busdrivers etc which exacerbates the economic problem.

I'm sorry for those who are really hurt by the economic shift that's hitting the land. But people need to wake up and perhaps this will help.

"Tune in next week to see if doing nothing helps." -Deek Jackson

angle  posted on  2008-02-22   9:13:31 ET  Reply   Trace   Private Reply  


#3. To: angle (#2)

Raising taxes pisses off the working class which in my definition doesn't include govt employees.

There are slugs, drones and some WORKERS.

Cynicom  posted on  2008-02-22   9:17:19 ET  Reply   Trace   Private Reply  


#4. To: angle, christine (#2)

For the longest time we all said people were too apathetic and nothing would change until they gave a damn.

Here we are. They are paying attention now, I guarantee.

And the boomers are going to get hit pretty hard, so I guarantee that segment will wake up real fast....

You have a perfect storm for change in all areas of society. So this is why I say that change is coming in a big way regardless of politics.....the change is coming IN SPITE OF politics. In fact, politics and every other system of influence and control is totally irrelevant, in that it has no longer any power to maintain the status quo.

Many believe in either intelligent design or evolution...but I am opting for unintelligent design, where god is a retarded kid who likes setting army men on fire and leaving his toys out in the rain.

Gengis Gandhi, Troubled Genius

gengis gandhi  posted on  2008-02-22   9:52:11 ET  Reply   Trace   Private Reply  


#5. To: gengis gandhi (#4)

Do you have electile dysfunction?

Comprising of six products, this skin care regimen is specially formulated for Asian women by the Revlon Research Centre in France, which has 35 years of experience in the research and development of skin care products. Absolute White+ is suitable for all skin types.

Tauzero  posted on  2008-02-22   10:50:08 ET  Reply   Trace   Private Reply  


#6. To: gengis gandhi (#4)

I guarantee that segment will wake up real fast....

You have a perfect storm for change in all areas of society. So this is why I say that change is coming in a big way regardless of politics.....the change is coming IN SPITE OF politics.

Interestingly enough, Ron Paul has appeared. Isn't it always like that?

"Tune in next week to see if doing nothing helps." -Deek Jackson

angle  posted on  2008-02-22   17:01:57 ET  Reply   Trace   Private Reply  


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