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August 23, 2011
And a very merry DOOM to you too, sir!
The president has acknowledged that without reform, spending on entitlement programs is unsustainable. But he has also made clear that he would never support the type of structural changes to Medicaid, Medicare and Social Security needed to make these programs solvent as envisioned in our budget — even if Republicans agree to his demand for tax increases. While a compromise on the way to strengthen entitlements may be one thing, raising taxes in this economy is another. Doing so would exacerbate the jobs crisis for the 14 million Americans out of work. It would negatively affect the businesses across America that we are counting on to get our economy going.The comments are way better than the article itself, by the way. Comedy gold.
The Euro is doomed, China’s in for a radical slowdown, and America might yet end up as the least-worst economy left standing by the end of the decade. Yay us!
Is the main driver of unemployment a lack of labor mobility? There is a shortage of jobs in certain geographical areas, but there is also a lack of qualified applicants for the jobs that exist. The author blames stubborn unemployment numbers on a lack of labor mobility, and there is some truth to that, but a bigger issue is the asymmetry between the skills being demanded of the workforce versus the skills that the citizens are actually learning. It’s a failure of the educational system first and foremost.
Brother, can you spare $1.2 Trillion? But keep it on the down-low. I don't want anybody to know I'm hard-up.
Eurocrats are still pushing fiscal unity. I don't think it's going to happen.
Yet another reason to give Boomers a high-stepping kick in the nads. I jest...but only a little. I feel like the smallest child in a house full of bigger siblings who clean out the fridge of all the good stuff before I can get there. Oreos? Gone. Twinkies? Gone. Brownies? Gone. Leftover fried chicken? Gone. All that's left is some old celery and prune juice.
CDS Market: We’re getting pretty alarmed over here.
President Obama to serve up yet another giant nothing-burger. You know, I just can't get enough of this guy. A day without a gassy meaningless speech from King Putt is like a day without sunshine.
In coming months, Germany may have to make an agonizing choice: stable money or European integration.My guess? “Stable money” wins in a walk.
A reminder: The Fed can’t cut rates below zero. And they can’t force people to borrow money.
Singer is blunter. About Washington's impact on the economy, he says simply: "Congress subtracts value."
Demographic DOOM. We're considerably less boned than Europe in this regard, so I guess we have that going for us.
E. J. Dionne: We already consider you our Emperor, Barack! Please begin acting like one! The Imperium Americus will usher in a new age of freedom and prosperity!
Lie for years and get fat bonuses. Tell the truth and get fired. What a world. I'm sure this had nothing at all to do with the recent downgrade of US debt, that there was absolutely no pressure brought to bear by a red-faced Administration. (I wonder if Obama sent Luca Brasi over to S&P to deliver the message.)
King Putt: The $4 Trillion dollar man. And he doesn’t even have a bionic eye.
UPDATE 1: Those evil GOP bastards want to tax the poor! Well...yeah. When half of the people in the country pay no federal income-tax at all, they have no skin in the game. Everybody should pay something for the government they receive, just to remind them that government isn't free.
UPDATE 2: Posner: Yeah, we're in a Depression, all right.
Unfortunately, even when the economy recovers, and tax revenues increase, the federal deficit will continue to rise because of the rapid growth of entitlement expenditures—primarily Medicare and Social Security and, because of the health-reform law, Medicaid.
Corona: "I will be kind and nice to those who understand me ..."
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Overnight Open Thread (12 Feb 2016)
Damn It Feels Good to be a Clinton
AoSHQ Podcast #133: Michael Walsh
Two great MilBlogs (XBradTC)
Very Nice Gun Rights Piece
Nature vs. Nurture (CBD)
Morning Thread (2-12-2016)
Overnight Open Thread (2-11-2016)
Democrat Debate: 9PM Eastern, PBS
Polls! Polls! Polls!
Real Clear Politics
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement
Integrity SAT's: Entrance Exam for Paul Anka's Band
AllahPundit's Paul Anka 45's Collection
AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings)
George Bush Slices Don Rumsfeld Like an F*ckin' Hammer
Top Top Tens
Democratic Forays into Erotica
New Shows On Gore's DNC/MTV Network
Nicknames for Potatoes, By People Who Really Hate Potatoes
Star Wars Euphemisms for Self-Abuse
Signs You're at an Iraqi "Wedding Party"
Signs Your Clown Has Gone Bad
Signs That You, Geroge Michael, Should Probably Just Give It Up
Signs of Hip-Hop Influence on John Kerry
NYT Headlines Spinning Bush's Jobs Boom
Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?"
Signs that Paul Krugman Has Lost His Frickin' Mind
All-Time Best NBA Players, According to Senator Robert Byrd
Other Bad Things About the Jews, According to the Koran
Signs That David Letterman Just Doesn't Care Anymore
Examples of Bob Kerrey's Insufferable Racial Jackassery
Signs Andy Rooney Is Going Senile
Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance
Collective Names for Groups of People
John Kerry's Other Vietnam Super-Pets
Cool Things About the XM8 Assault Rifle
Media-Approved Facts About the Democrat Spy
Changes to Make Christianity More "Inclusive"
Secret John Kerry Senatorial Accomplishments
John Edwards Campaign Excuses
John Kerry Pick-Up Lines
Changes Liberal Senator George Michell Will Make at Disney
Torments in Dog-Hell
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)
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)
Movable Type 2.64