Encyclopedia Brown and the Case of a High-Ranking Congresswoman Attemtping to Make News & the Strangely Incurious "Reporter" | Main | BREAKING: Report John Ensign (R-NV) To Announce "Retirement"
March 07, 2011

Unprecedented: Obama Posts Biggest Single-Month Deficit In History; Outpaces Entirety of Bush's Year-Long 2007 Debt

Via Drudge, the prelude to hyperinflation. $223 billion in deficit for the shortest month of the year.

Bush's 2007 yearly deficit was a mere $161 billion.

Obama always claims he hasn't raised taxes on the middle class. He has, of course, via a bunch of taxes apart from straight income tax, but the more important point is that given his spending, we only have two choices: Jack taxes up on the middle class (it's unavoidable -- the middle class is too large to not be taxed; you can't tax the few billionaires enough to make this kind of money) or tax them indirectly by inflating the shit out of the dollar. (And I don't even think that would work, given that the biggest drivers of increasing spending have cost-of-living adjustments built into them.)


digg this
posted by Ace at 02:13 PM

| Access Comments




Recent Comments
RI Red : "Ahhhhh, Pixy. April is like only *two weeks* away. ..."

Buzzsaw90: "Site should only be down for 10 minutes or so; com ..."

Merovign, Dark Lord of the Sith[/i][/b][/s][/u]: "[i]I'm currently working on all the upgrades. Whol ..."

nsirchov: "50 So, is it true that every comment you've ever m ..."

Jewells45: "Tickled pink.. last time I was here you were tryin ..."

Vendette: "Oh tcn, how awful! ..."

Mega: "I do not agree with what you have to say, but I'll ..."

Robert: "I don't have cable anymore. I understand there's ..."

bluebell: "I'm currently working on all the upgrades. Whole n ..."

rickl: "https://www.youtube.com/watch?v=yvuOtlpSAeY ..."

Sebastion Melmoth : "Aussie dollar is .78 USD. ..."

tcn in AK: "Welp, I'm probably toast. Nasty woman at work h ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64