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The Clock Is Running (Out) (Denninger)
The Market Ticker ^ | 7-2-2010 | Karl Denninger

Posted on 07/02/2010 7:29:22 AM PDT by blam

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1 posted on 07/02/2010 7:29:32 AM PDT by blam
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To: blam
I empathize with this woman's dilemma, but here's the problem: We (the government, the people) don't have the money to keep doing this.

Misogyny.

2 posted on 07/02/2010 7:32:41 AM PDT by MichiganConservative (A government big enough to do unto the people you don't like will get to doing unto you soon enough.)
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To: blam
This column is 110% pure, unadulterated Awesomeness! ;)
3 posted on 07/02/2010 7:35:42 AM PDT by KentTrappedInLiberalSeattle (http://www.conservatives4palin.com/)
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To: blam

Her friggin warning was when she went on unemployment. The program is not to continue to pay your wages until the next extension. It is to help you so that you have time to go find work. It’s high time the government got out of this welfare replacement business. Yes, there are jobs. Not your first choice, but there are jobs. There would be a hell of a lot more jobs if we sent the Mexicans home.


4 posted on 07/02/2010 7:36:44 AM PDT by Steamburg (The contents of your wallet is the only language Politicians understand.)
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To: blam
I think the snowball is starting to move down the hill...

Good post!

5 posted on 07/02/2010 7:37:18 AM PDT by Errant
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To: blam
Good questions and advice. The sense of entitlement is killing this country. I would quibble a little about letting people starve, however. A little “work to eat” attitude would go a long way to reducing long term unemployment.
6 posted on 07/02/2010 7:37:32 AM PDT by Truth29
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To: blam

I am voting for him. Right on! LOL


7 posted on 07/02/2010 7:37:33 AM PDT by dforest
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To: KentTrappedInLiberalSeattle

Did the same for me. Just awesome!


8 posted on 07/02/2010 7:39:14 AM PDT by dforest
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To: blam
What do I do now?

Well golly gee,your supporting 4 others, get your a$$ in gear and find work or let the other 4 find work, wheres the parents of the grandchild? I and others are tired of supporting your lazy a$$.

9 posted on 07/02/2010 7:41:17 AM PDT by bikerman (Obama lied pelicans died)
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To: blam

People gt mad when you tell a simple truth. Many people just won’t take care of themselves. When times get tough, they won’t make it. I can recall living on next to nothing when my husband and I were first married. I did use cloth diapers. I did make my own baby food, I breast fed (because it cost nothing) and we ate mostly mac and cheese. We didn’t have cable and we kept every cost as low as possible. We saved every penny we could.
I resent paying now for people who think the rest of us owe them a comfy life. I don’t mind a hand up for the truly needy, but it’s no favor to keep subsidizing those who aren’t willing to cut to the bone, take any kind of job to get by (my husband drilled bowling balls and did odd jobs but we had a roof over our heads and ate ever day).


10 posted on 07/02/2010 7:42:30 AM PDT by brytlea (Jesus loves me, this I know.)
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To: KentTrappedInLiberalSeattle

sometimes the truth hurts...I feel bad for some of these people but you know what?? I can’t keep working six-to-seven days a week, 50-60 hours a week on my job to not only make my ends meet but pay for those who use their money for IPads, Iphones, Ipods, (which I have none of) and also want “free” health insurance....

its’ about time people start taking responsibility for themselves....


11 posted on 07/02/2010 7:42:30 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: blam
There are some things we can do to help though, and they don't cost much money at all.

One of them is to kick out the 20 million+ illegal invaders who are consuming resources of all sorts - including taking jobs that Americans could be doing. The non-institutional working-age population (of legal residents and citizens) has gone from 230.6 million in 2007 to 237.5 million now. The number employed has gone from 144.2 million to 139.5. That's 11.5 million citizens out of work but ready, willing and able.

So tell me why we have 20 million illegal invaders in our nation again? Sure, some of them have jobs. But every one of those jobs is one that an American could be doing. It is an outrage that we allow our nation to be overrun with illegal Mexican invaders while our citizens are out of work and days or weeks away from being evicted and living under a highway overpass.

Great post, blam

12 posted on 07/02/2010 7:43:07 AM PDT by GOPJ (There is nothing unexpected about the failure of socialism/communism.freeper pieceofthepuzzle)
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To: blam

I SERIOUSLY doubt this lady and her progeny have made any legitimate effort to find employment. They pop into McDonalds and Burger King and fill out an application so they can tell the caseworker they did so to keep the free money flowing. Then when McDonalds and Burger King call to schedule an interview they refuse.

We all know the routine. I know plenty of small employers here in Cincinnati going nuts because they need help bad and have plenty of applications from people who are not truly interested when they are called and asked to schedule interviews.

I’d throw the whole pile of applications received before July 1 into the garbage and make the deadbeats re-apply now that the gravy train is grinding to a halt.


13 posted on 07/02/2010 7:45:12 AM PDT by Buckeye Battle Cry (Enjoy nature - eat meat, wear fur and drive your car!)
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To: blam

The “moderate” middle bought the Obummer sales pitch, “Join us for ‘Hope and Change’”, and they did, but the fools have literally consigned our once great nation to the Jim Jones garden patch surrounded by barbed wire, guarded by machine gun toting ideological zeolots.


14 posted on 07/02/2010 7:48:29 AM PDT by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: blam

How is the school being paid for?”

Chances are: http://www.fafsa.ed.gov/


15 posted on 07/02/2010 7:49:15 AM PDT by philetus (Keep doing what you always do and you'll keep getting what you always get.)
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To: blam

A lot of folks just can’t wrap their minds around the idea of personally generating income, as opposed to finding somebody to give them a task, in an environment with strict rules and structure (some cannot even go to the restroom except at the appropriate time).

This woman and her dependents could bake pies and cakes and sell them in the neighborhood, if nothing else. Or, she could (heaven forbid) sit with an elderly person, plenty of whom need help since the country is aging. She could learn to sew and do alterations, or take in ironing.


16 posted on 07/02/2010 7:50:12 AM PDT by Darnright (There can never be a complete confidence in a power which is excessive. - Tacitus)
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To: blam

The family should be the main social-welfare network, and the Gov’t has destroyed it.

In the 1930’s, my mother lived in one house with her parents, 3 brothers, 2 cousins and an aunt and uncle. When her Dad lost his job, her uncle supported everyone. Dad found another job, and then the older cousin worked as well. Everyone contributed, no one expected others to take care of them. There were few luxuries, but they maintained a decent home and even had a car which everyone shared. It was also the happiest time of their lives.


17 posted on 07/02/2010 7:54:23 AM PDT by PGR88
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To: blam

The person in question.

18 posted on 07/02/2010 7:54:23 AM PDT by Tijeras_Slim (Live jubtabulously!)
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To: blam
Well, be patient with me, and I hope you understand my point:

The sob stories, about unemployment checks remind me of the sob stories, about “health care” -—

Every health insurance agent knows people who decided to “work without a net” or go without insurance.

That is their RIGHT! I support that right, even though it “costs” me business.

However, when these “bulletproof” types actually get “hit” with an illness, they run to the MSM and the Democrats, and DEMAND that we bail them out of their bad choices.

I do not want them to starve.

I want their illnesses treated.

I also want them to go to bankruptcy court, because that is the choice they made, when they declined insurance!

However, with the privacy laws what they are, I would lose my license, as well as face criminal and civil penalty, if I “ratted out” anyone who is now crying about the “cruel” health care system!

Obama is the President of the reckless, the irresponsible and those motivated by envy.

And, before you tell me how horrible the private insurance system is:

I just had a client who lost his VA prescription benefits, retroactively, because he took money out of his IRA to help his daughter, who was laid off!

I just had a 3 different people I could not help, with Medicare Supplement insurance, since the GOVERNMENT will not issue them their “Part B” Medicare until NEXT YEAR!

It seems that COBRA insurance is “credible coverage” BY LAW, for PRIVATE insurance.

However, the Government says you have to sign up for Part B at age 65, even if you are on COBRA!

If you do not follow the GOVERNMENT rules, they deny coverage, and slap you with a penalty when coverage starts!

When has the MSM ever shown us a company bankrupted by GOVERNMENT rules?

19 posted on 07/02/2010 7:54:54 AM PDT by Kansas58
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To: blam
Very good article. I disagree with him on one count, though. This whole idea that people who got in over their heads with debt has another side to it. If times get really, really difficult, then debt payments are among the first things I would cut out of my monthly budget. Mail the car keys to the financing company, mail the house keys to the mortgage company, and call the credit card company up and tell them that you'll pay off that balance when you are able to do so . . . which may be a long time down the road.

I'm a firm believer in meeting one's obligations, but paying off debt in a rapidly shrinking economy makes no sense at all if it jeopardizes one's ability to pay other important expenses.

20 posted on 07/02/2010 7:59:17 AM PDT by Alberta's Child ("Let the Eastern bastards freeze in the dark.")
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