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September 01, 2011
DOOM: I don't live anywhere, the road is my home
Michael Tanner at NRO: Social Security is actually worse than a Ponzi scheme.
Ah, Illinois, senior member of the LOTB. The main value of this state to the country these days is as a negative example. If you wish to succeed, don’t do what Illinois is doing.
$211 Trillion dollars, baby. Just for reference, that’s the total economic output of the planet for about ten years. (This is NPR, of course, so the comments section to the story is pure comedy gold as liberals rage, rage against the dying of the light.)
The newest financial weapons of mass destruction. The quants must die!
As the productive workforce shrinks, GDP growth is constrained. It’s not a complicated mathematical equation. Retirees don’t build equity; they conserve it (to the extent they can). They deleverage, downsize, and consume. Especially healthcare. This is the flip-side of the huge Boomer productivity wave between the early 1980’s and now. It was more like a sugar high than a sustainable boost of energy to the economy. Mainly because a lot of that "growth" was in the form of borrowed money that now has to be paid back.
More evidence that Teh Krugman is, for all intents and purposes, mentally retarded. From Kling, contra Krugman:
Even if we did start from an optimal state, microeconomics still wouldn't tell us to cut a little of everything. Why not? Fixed costs. Every proposed cut sparks a political battle. Each of these battles is costly. In order to cut a little from a million different programs, you'd have to fight a million costly battles.
Barone on SS and Medicare. Quote: “Often you can’t get a good thing without paying a bad price.”
Some good advice for “surviving spouses”. Don’t make any big decisions right away, and watch out for the cockroaches who scurry out to sell you annuities and insurance products.
Remember how the teachers’ union protested against WI governor Scott Walker's reforms because they were advocating “for the children” and that it wasn’t about the money? Well, it turns out that yeah, it really was pretty much just about the money.
Is there any one these days who isn't boned? Now Canada and Brazil are looking at a recession.
Speaking of being boned, PA's state capitol Harrisburg is about to start pining for the fjords.
There is certainly plenty to dislike in Mayor Linda Thompson’s plan. It is horrendously written with many grammatical errors. The mayor also added new initiatives that are not fully vetted or clearly funded, such as the blight program.It turns out that when you elect incompetent ideologues to run things, they tend to screw it up. Who knew?
Globally, the love is gone. Now it's all just squabbling over money and who has to mow the lawn and take out the trash and why the husband is bald and why the wife has gained a few thousand pounds.
"Bread and circuses" is the term the writer of this piece is looking for. A comment usually attributed to Alexander Tytler goes like so:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.
The NLRB has a present for you! What is it, you ask? Why, an unemployment check! Isn't that thoughtful of them?
I love the photo that goes with this story. It looks like someone just lofted a really nasty "cabbage and hard-boiled eggs" air-biscuit, but no one wants to own up.
UPDATE 1: From "Hussein the Plumber" in the comments -- another week of jobless claims above 400K.
Ricardo Kill: ""Every year, there are reports of Italians tragica ..."
Hrothgar [/i][/u][/b][/s]: "We do likewise on the Gulf Coast, with our meatbal ..."
Ricardo Kill: ""Birthdays, etc. It's almost as if they don't care ..."
Donna&&&&V (a white) (whitely brandishing ampersand privilege ): "You have to be very careful when you're harvesting ..."
Lizzy [/i]: ">>Which would you rather do, stay there and ..."
Village Idiot's Apprentice [/i]: ""I believe we've discussed not mixing the pasta an ..."
Ricardo Kill: ""But I did not know, until this day, that it was D ..."
Aetius451AD: "271 It can be done. Chef Biordi was the first to p ..."
grammie winger, sign of The Time: " I guess Mooch is not spending Valentines Day wit ..."
Citizen Cake: "Our free trade agreements seem to mean we freely t ..."
Brother Cavil, hither and yon: "[i]"Plus, you can just scrape right off, the pesto ..."
Bruce With a Wang!: " Pub landlord 'told by council officers to remove ..."
EMT 2/13/16 [krakatoa]
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)
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