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2010-11-28 Economy

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Posted by GolfBravoUSMC 2010-11-28 09:52|| || Front Page|| [11129 views ] Top

#1 There is no insanity here, well, not a lot.
We have 8 Billion in debt for the stem cell research program, which hasn't really produced anything, 10 billion in debt for the high speed rail network whose first priority is a high speed route from Fresno to SF, and the governor elect is reported in the Sacramento Bee this morning as wanting 10+ billion for a peripheral canal to move water to SoCal, despite the fact we haven't got storage to meet the demand now.
All this and 142 billion in existing debt and a chronic 20+ billion dollar budget shortfall.
So what did we do? Elected the entire state government from the one party that got us here. Yep, Democrats as far as the eye can see.

Posted by NoMoreBS 2010-11-28 10:50|| 2010-11-28 10:50|| Front Page Top

#2 I was looking at pictures of the protests in Ireland over the weekend and am completely amazed at how disconnected from reality these socialists are. They don't seem to understand the concepts that A: the government is out of money and B: the government is not their own personal piggy bank.

California has the same problem. There are many people here who believe the state government is their own personal income source.

Posted by crosspatch 2010-11-28 14:29|| 2010-11-28 14:29|| Front Page Top

#3 ...because it has been and will continue to happen till the checks bounce. Even then, rather than face reality, their 'conspiracy' brain stem group will kick in and seek to blame anyone and everyone else for their situation.

Posted by Procopius2k 2010-11-28 15:11|| 2010-11-28 15:11|| Front Page Top

#4 Hello Burgers and Burgetts!; As the Aussie says you are spot on. "'conspiracy' brain stem". When the checks bounce you will see an ugly American. Like the riots of the past in our country they will attack anyone who is perceived to have anything. They will attack their own, the weak and anyone. Why? no faith, no God which is the difference between us and the depressions past.
They have faith in people and Government and barely little of that (just for handouts).

Posted by Dale 2010-11-28 17:48|| 2010-11-28 17:48|| Front Page Top

#5 pictures of the protests in Ireland over the weekend and am completely amazed at how disconnected from reality these socialists are. They don't seem to understand the concepts that A: the government is out of money and B: the government is not their own personal piggy bank.
There's a bit more reality to Ireland's plight than that. Ireland's privately owned banks became insolvent & the gov't tried to bail them out, which proved impossible. Now the Euro bailout will force more debt on Irish taxpayers. One option not explored by the Irish gov't would have been to simply welsh on the debts owed between Irish banks and foreign bondholders and deal with the consequences of that, which many commentators have been saying was less expensive for the Irish than the Euro bailout will prove to be. Irish taxpayers are about to be turned into a piggybank for foreign bondholders. The Euro bailout is simply to benefit Euro banks that are considered too big to fail. Sound familiar?

Posted by Anguper Hupomosing9418 2010-11-28 19:47|| 2010-11-28 19:47|| Front Page Top

#6 Wehell, America = Amerika, GREECE'S DEBT-TO-GDP RATIO repor stands at 145%.

Ergo 145% - 83% [Official US Ratio], or 145% - 93% [Perts] = .......... LEFT TO SPEND???

[Pre-WW2 MONSTROUSLY OVERWEIGHT/BLOATED PORKY
"D ***NG IT, THE DEVIL SAYS YOU'RE NOT EVEN HALF-FULL" PIG + Toon here].

Posted by JosephMendiola 2010-11-28 22:16|| 2010-11-28 22:16|| Front Page Top

#7 Don't feel too sorry for the Irish govt. They did very well out of the property bubble, thank you very much and thank your mother for the rabbits. 40% of the "wealth" created by the property bubble went to them via txes, rates, stamp duty etc. This money was used to pay ridiculous wages to public servants and create gold plated welfare entitlements for those lucky enough to be on the government tit.
With the collapse of the bubble, they are simply back to where they would be if it never happened. I agree with Merkel that those silly enough to lend to them should also take a haircut.

Posted by tipper 2010-11-28 22:34|| 2010-11-28 22:34|| Front Page Top

00:24 JosephMendiola
23:39 crosspatch
23:26 gorb
23:23 M. Murcek
23:22 Skidmark
23:19 Skidmark
22:51 crosspatch
22:39 CrazyFool
22:34 tipper
22:34 anymouse
22:27 anymouse
22:22 rammer
22:16 JosephMendiola
22:14 anymouse
22:10 badanov
22:08 JosephMendiola
22:02 JosephMendiola
21:50 JosephMendiola
21:40 Water Modem
21:27 Dave UK
21:17 pan
21:11 Dave UK
21:08 Redneck Jim
21:08 trailing wife