patrick.net

Teeth Count!

Point is there are still plenty of addicts (and crime, and problems) in places where there are no sidewalks.

Not all Rural areas are idyllic.

Lord Blankfein has spoken:

http://www.cnbc.com/id/43927360

HousingWatcher says

According to all of the polls I have seen, Obama would beat all of the declared candidates in their HOME STATE. Ouch, that has got to hurt. Romney would lose Mass.

http://en.wikipedia.org/wiki/Mitt_romney

Romney was born in Detroit.

Last time I checked, that was in Michigan.

Truly frightening article. Thanks OP.

So the state will just raise other taxes. You can't win shrek. They will just raise income taxes.

Sybrib says

Grinch,

How do you know what President Obama is leaking and to whom?

If he's leaking I hope that someone has introduced him to Poise. This can be quite embarrassing according to Whoopi Goldberg.

Vicente says

Sybrib says

It is only a matter of time before we're in the "red" column.

Really? Possible, but I'd like to see the data.

I did find this:

“Eagles are dandified vultures” - Teddy Roosevelt

And how much of the increase in the "Red" counties is from coastal Liberals escaping the high costs of living on the coast, I wonder.

simchaland says

And how much of the increase in the "Red" counties is from coastal Liberals escaping the high costs of living on the coast, I wonder.

That was my first thought.

I have known quite a few liberals (much more liberal than me, some might even call them hippies) move to those counties for just that reason.

As of today, Gallup says Obama looses the popular vote, but as any good Repub. would tell you, you can still win a presidency without that.

http://www.gallup.com/poll/election.aspx

Back it up two weeks and Obama is winning. It's like the weather. Here is something far more interesting ...

http://www.gallup.com/poll/148718/Obama-Rates-Higher-Boehner-Reid-Debt-Situation.aspx

The political grand standing over the debt ceiling looks like a BAD political move by the GOP. Us Americans are only stupid to a point I suppose.

My personal opinion is that Obama is growing stronger by the day. It's because this time the choice is not going to be between the lesser of two evils. This time it will be a choice between sane and flat out crazy! Crazy will be a popular choice, but sanity will still win the day.

This is where the EU has come in and said they will loan the money at X rate. Greece doesn't need to go to the markets to raise capital right now. It's getting low interest rate loans. Future loans will be through the EU as well.

Obviously 15% compounded would kill them very quickly. Bonds are currently paying that, but it doesn't mean they're paying that rate.

Funny, this sounds like the kind of stories told about market/manufacturing inefficiencies of ‘ole Communist Russia when they had difficulties getting raw materials to factories.

Except now it is done on purpose and for profit.

I can't wait until the entire California government is reduced to nothing. There will be no schools for those dumb fat poor kids, finally. Those thugs at the teacher's unions will finally have to earn an honest living dealing drugs on the street corner, selling their ho ass bodies for money, or pimpin' for a livin'.

MediCal will disappear so those whiney poor jerks with diabetes will finally stop bankrupting us with their stupid insulin. No one will get General Assistance (even though it's a loan anyway) so they'll have to get their fat Libruhl asses off of their couches and extinguish their fat blunts to get jobs at McDonald's!

We don't need no new bridges or roads neither! Gravel, dirt, and sand were good enough for the pioneers and it's good enough for us today.

Them poor kids in the inner city can't read so they don't need no libraries. They're too fat to play so they don't need no parks.

We can finally use the park land to strip log them and build more oil refineries to bring jobs back. Also we can build lots of them big oil platforms off of the coast to end our Libruhl manufactured "oil crisis."

California will finally become the paradise it was meant to be.

simchaland says

And how much of the increase in the "Red" counties is from coastal Liberals escaping the high costs of living on the coast, I wonder.

Or ethnics who are more likely to vote Dem, for that matter.

shrekgrinch says

Sorry, but those are consistent...to those who understand the underlying concepts of paygo and the nature of the intragovernmental debentures that are the 'bonds' of SSA.

You are just making up talking points. Make a real argument instead of saying stuff like paygo. You clearly don't understand how social security taxes and benefits work. You can say it's "flimsy" accounting, but then so is everything else. Most companies are also based on projections and revenue streams.

shrekgrinch says

Lookin' like an idiot again, Cornholio. See, I didn't say it was good or not for America, I said in the context of what Obama would prefer to save his ass politically. Did you even read?

How do I look like an idiot for asking you a question? Please explain. I asked you a question, you failed to answer it, and responded with insults, and somehow I'm the one who looks stupid?

Basically, you want free reign to talk crap instead of engage in good argument. You're one of those label people. Again, focus on marshalling facts and making good arguments, and your comments would have more substance.

We need to double taxes over the next 10 years...
The last Gang of Six proposal I saw (bowing to the Republicans, I presume) refused to raise the tax rates. In fact, it dropped down to three brackets! All new revenues come from eliminating preference items. Well, if it works, I guess I'm okay with it, but amazing how they will bend over backwards to seemingly hold the line on the 'no new taxes' pledge. Guess they all remember Bush Sr.

A Speaker that can't get a decent sounding of support before bringing it up for vote? A party so fractured they are unable to agree on what would have seemed like a GIFT a year ago?

Man, if you'd told me this 3 years ago I'd have said get out of town no flippin way there could be that much ineptitude and division in GOP ranks. To be fair though, I guess they thought they could control the Teabaggers much like Victor thought he could control his creature.

But it makes for good entertainment, watching the reaction from the "news..."

I fall under #3. But, if I'm getting funded, I have not been getting my checks!! Drat!

Tenouncetrout says

Only Liberal corporations gets paid under Obama, then they don't even hire the constituents you expect to reelect Obrother.

What's a liberal corporation?

A non conservative corporation silly.

Tenouncetrout says

A non conservative corporation silly.

Do you have any examples?

You can't.... just as long as you remain vague and do not ever mention which programs you will cut. That's when problems arise.

EncinoMan says

The part of the Republican party that did refuse this budget, especially Ron Paul, these are the true conservatives who are making tough choices and fighting for this nation. It isn't the Rinos or the Dems.

Oh, yes. Cutting the top tax rate down to 28%. That is definitely one of those "tough choices", isn't it?

Obama will never veto anything that can get through at this point. There's too much at risk and he's not an idiot

ihateyou2 says

Obama will never veto anything that can get through at this point. There's too much at risk and he's not an idiot

It's not a bluff. Reid plan is best Republicans are going to get. Treasury is set to delay Social Security checks to millions. Those voters will remember the Tea Party's fighting for the richest 0.01% in 2012.

Kick that Can! Kick that can!

The ratings agencies have said that if Boehner's bill becomes law, we will be downgraded. It's the Senate Dems who are trying to protect the credit rating.

http://www.youtube.com/watch?v=2RXNrtUU-TQ&feature=player_embedded

Move on. Nothing to see here. It's just another typical day where Rethuglicans continue to destroy this country.

I'm the Credit rating Boogeyman. I eat Entitlements and destroy Jobs, my only Nemesis is the Debt ceiling.

http://www.flickr.com/photos/jvolstad/sets/72157600399996410/

I loved Hawaii. And the fresh fruit treats they had on the island. Maybe I'll go again to see the Realtors in jail. A new tourist attraction.

Japan's debt to gdp is 225% or so and has been for a decade without defaulting

Japan's debt to gdp is 225% or so and has been for a decade without defaulting

true, but whenever we consider debt it is very important to consider the creditor as much as the debtor

93% of japans debt is owned internally.. that is pretty amazing

in the US about 1/3 of our debt is internally owned, that is a problem

because the Japaneses debt is internally owned the money doesnt really escape the economy, and consequentially the default risk is low, as a result interest rates remain very low, and japan probably still pays less in interest than the US,

high governmental debt, coupled with internal ownership is still and issue, its not a default issue, its a generational / ownership society problem, japan has a saving culture and as a result the public sector is ravenous for its government debt, sadly the US does not have a saving culture

also your analysis should include public debt which is just as important as government debt and shouldn't be ignored.
i would advise you to add the numbers again minus internally held govt and public debt compared to GDP to determine a more accurate default risk.

liars and thieves don't confess unless outcome of confessing is far better than punishment that will ensue void of confession.

Just picked up some more oz's - SAE's for spot. Excellent deal considering I didn't have to pay for shipping, a handful of them were sweet proof coins and/or already graded MS69 or 70.

Don't think my co-worker actually knew what he had :)

congratulations, exploiting your colleague for fun and profit.

Now that's something worth boasting for!

greeks are like CA, paid people not to work. thats where we are heading.

EncinoMan says

greeks are like CA, paid people not to work. thats where we are heading.

Canadians? Huh?

There is only one risk to default, and that's the ability to pay.

In most countries, the risk is zero, since they can print their own debt repayments.

Greece is at a bigger risk of default than japan, but the basic claim about 150% debt to gdp is demonstrably untrue

They don't. No republicans will vote for it, so its dead in the water.

Eventually the Democrats will suck it up and accept whatever boehner can get through the house, because they're too pragmatic to accept the consequences of hitting the debt ceiling

Since boehners bill doesn't really do anything anyway, I figure its the best outcome for now. Maybe after Obama is re elected we can fix entitlements and defense spending.

And yes, he will be re elected because the gop doesn't have a credible candidate. The best they can hope for is a Republican john Kerry.