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« Wisconsin Recall Results Thread Damn: Both Dems Hold | Main | Non-Union Boss Shot By Likely Union Member In Intimidation Operation » August 16, 2011
Overnight Open ThreadEvenin' all. If you look at this chart of federal tax revenues versus federal spending since 1960, you'll see that on average the government has taken in 18% of GDP as taxes but spent 20%. This percentage of GDP taken in as tax revenue has been so constant - regardless of marginal tax rates - that it's become known as Hauser's Law. (okay Hauser actually said 19.5% but close enough for government accounting) So we've been spending about 2% more of GDP than we take in which doesn't sound all that bad. Except that we've been doing this for, well 50 years or so which does add up. And for the last 3 years thanks to Obama and a Democratic congress we've been outspending our revenues by a whopping 7% of GDP! That can't go on forever. And it won't. New 'Iron Curtain' Defense System Stops Rockets Right Before Impact Rather than blast the projectile early in its flight, Artis’ Iron Curtain system waits to fire its countermeasure until the very, very last moment, when the munition is just a few inches away from ramming into its target. Iron Curtain doesn’t shoot out at the projectile. Mounted on the vehicle’s roof, it shoots straight down. Nuke Closures Could Cost Japan 5.6 Percent of GDP In the wake of the nuclear meltdown at the Fukushima Daiichi power plant, Japan has taken as many as 39 of the nation’s 54 nuclear reactors offline.And if this sounds completely crazy and self-destructive, don't worry our own government is on the job too: The New York Times reports that new EPA regulations may lead to the shuttering of a number of coal-fired power plants that contribute significantly to our power grid, already taxed in the summer heat.I can't think of any time in history that a government has ever deliberately reduced its own supply of energy. But hey - we're in the best of hands. 9 Essential Facts for the Crustacean Enthusiast In colonial America, lobster wasn’t the delicacy it is today. In fact, it was so cheap and plentiful, it was a staple for prisoners and servants. One group of servants from Massachusetts actually grew so tired of eating lobster that they took their employers to court, where a judge ruled that lobster was to be served to them no more than three times a week. No More Kate Plus 8 "TLC has decided not to renew another season of Kate Plus 8," a network rep said in a statement. "By the end of this season Kate Plus 8 will have hit the 150 episode mark (including Jon & Kate Plus 8); an exceptional milestone. TLC hopes to check in with Kate and the family periodically with specials in the future." AC/DC Wine? And now rock veterans AC/DC - who have sold more than 200 million albums during their career - are moving into the wine industry. Opinions Are Like Assholes, Everyone's Got One - Oh Wait... One can only imagine the fear going through the minds of Abdul Rohim and his wife Neneng, residents of Kali Paten Kampung, West Pakulonan sub district, Kelapa Dua district of Tangerang regency, when they discovered that their new-born baby was born without an anus. The Yahoo AoSHQ group. You know the way. Tonight's post brought to you by port call: Notice: Posted by permission of AceCorp LLC. Please e-mail overnight open thread tips to maetenloch at gmail. Otherwise send tips to Ace. | Recent Comments
Moron Robbie - If this is how Georgia hires attorneys, imagine how they manage elections:
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No, Children, You're Wrong. Once Upon A Time There Was An ONT
Lovebomb Cafe The Feds Investigated James Biden's Americore Transactions NYC Begins Handing Out Free Cash Cards to Illegal Aliens, Worth $1200+ Every Month Fire Alarm Puller Jamaal Bowman, Who Has Previously Pushed "Bush Did 911" Trutherism Conspiracy Theories, Now Claims That Jews Are Fabricating Evidence About Hamas' Rape Teams Federal Appeals Court Rules that Pennsylania Must Verify Signatures for Mail-In Voting Jon Stewart Defrauded New York By Severely Undervaluing Home, Depriving New York of the Property Taxes It Deserved Democrat Mega-Donor Sam Bankman-Fried Sentenced to 25 Years for Swindling Billions from Customers Chief Democrat Witness Against Trump in Phony Ukranian Phone Call Impeachment Registers as a Foreign Agent for, Get This, Ukraine As Squatting Epidemic Turns Lethal in Blue Jurisdictions, DeSantis Signs a Bill Ending All "Squatters Rights" in Florida, Period Search
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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) |