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Kindly Note the Impending Bankruptcy (Mark Steyn)
National Review Online ^ | November 30, 2012 | Mark Steyn

Posted on 12/01/2012 10:00:01 AM PST by neverdem

Previously on The Perils of Pauline:

Last year, our plucky heroine, the wholesome apple-cheeked American republic, was trapped in an express elevator hurtling out of control toward the debt ceiling. Would she crash into it? Or would she make some miraculous escape?

Yes! At the very last minute of her white-knuckle thrill ride to her rendezvous with destiny, she was rescued by Congress’s decision to set up . . . a Super Committee! Those who can, do. Those who can’t, form a committee. Those who really can’t, form a Super Committee — and then put John Kerry on it for good measure.

--snip--

But that fundamental dishonesty is the heart of the crisis. You cannot simultaneously enjoy American-sized taxes and European-sized government. One or the other has to go.


TOPICS: Business/Economy; Crime/Corruption; Editorial; Politics/Elections
KEYWORDS: marksteyn; steyn
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1 posted on 12/01/2012 10:00:05 AM PST by neverdem
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To: JLS

Wickedly honest! Ironic to the max, I’m at a loss for words.


2 posted on 12/01/2012 10:07:14 AM PST by neverdem ( Xin loi min oi)
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To: neverdem

You wanted high taxes and big government America.

Now pay for it.


3 posted on 12/01/2012 10:12:05 AM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: neverdem
“The Super Committee”?

It was concocted to keep the 2010 Tea Party insurgent freshman Congressmen from having any input.

Dems & RINO Pubbies did this.

Now who will take the blame for the scam?

Both wear it.

4 posted on 12/01/2012 10:16:01 AM PST by Texas Fossil
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To: neverdem
If I were John Boehner, I’d say: “Clearly there’s no mandate for small government in the election results. So, if you milquetoast pantywaist sad-sack excuses for the sorriest bunch of so-called Americans who ever lived want to vote for Swede-sized statism, it’s time to pony up.”

Okay, he might want to focus-group it first.

Nah...just say it straight out. It would probably win more GOP converts than all the phony "bipartisanship" ever attempted. :)

5 posted on 12/01/2012 10:18:50 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: neverdem
The wreck is going to be epic.


6 posted on 12/01/2012 10:19:50 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: neverdem
Bankruptcy, debt ceiling, F&F, Benghazi, etc. are all just bumps in the road. The real issue is climate change. /sarc
7 posted on 12/01/2012 10:25:16 AM PST by oldbrowser (Put Obama in check, now.)
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To: neverdem
A bipartisan agreement in which Republicans agree to cave and Democrats agree not to laugh at them too much?

I've got my money on this outcome. If I'm right, I'll buy myself a drink. And if I'm wrong, I'll buy myself a drink.

8 posted on 12/01/2012 10:39:39 AM PST by Tax-chick (Are you getting ready for the Advent Kitteh?)
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To: neverdem

To infinity and beyond!

http://confoundedinterest.wordpress.com/2012/11/29/obamas-continued-demand-for-1-6-trillion-tax-on-the-wealthy-and-his-cross-of-debt/


9 posted on 12/01/2012 10:44:47 AM PST by whitedog57
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To: neverdem
If there is a 50% increase in taxes for those of us actually paying taxes (for example, raising the 25% rate to 37.5%), to be "fair" there also ought to be a 37.5% decrease in government benefits for those who are paying no taxes.

If welfare slugs can't live on that than we can't live on what WE make, either!

Alternatively, maybe they can get up in the morning and go find a job and pay confiscatory taxes along with the rest of us - if they can even find one in this wretched BarackaClaus economy.

10 posted on 12/01/2012 10:45:08 AM PST by Gritty (I enjoy living in the 3rd World. Soon Americans will be able to do so from the comfort of home-FReed)
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To: neverdem

mark


11 posted on 12/01/2012 10:50:40 AM PST by sauropod (For Barack so loved the poor, he created millions more of them.)
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To: Travis McGee

“The wreck is going to be epic.”

It is, isn’t it?

I feel like I’ve been mistakenly locked inside a madhouse watching the people around me, from the White House to Congress to CNBC to the guy who delivers my mail cluck and lark along as if this all were just another instance of Washington fighting over silly little jots and tittles.

Of course that IS what they are fighting about in Washington...meantime I’m only hoping they can keep the can a-rolling another six months so I can get my Galt Vault in tip-top order.....


12 posted on 12/01/2012 11:02:21 AM PST by Fightin Whitey
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To: Travis McGee

“The wreck is going to be epic.”

It is, isn’t it?

I feel like I’ve been mistakenly locked inside a madhouse watching the people around me, from the White House to Congress to CNBC to the guy who delivers my mail cluck and lark along as if this all were just another instance of Washington fighting over silly little jots and tittles.

Of course that IS what they are fighting about in Washington...meantime I’m only hoping they can keep the can a-rolling another six months so I can get my Galt Vault in tip-top order.....


13 posted on 12/01/2012 11:03:50 AM PST by Fightin Whitey
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To: Gritty
Since the Democrats and media howl at lowering benefits - we can just tax those benefits. They like taxes so much after all - so everyone pays a Minimum Tax, even if all their money comes from government payments.
14 posted on 12/01/2012 11:08:53 AM PST by GWynand
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To: neverdem

“No sane person could willingly countenance brutally saving a month’s worth of debt over the course of a decade.”

I have never seen humor so funny yet so sadly true at the same time. Steyn has moved to a higher plane of political commentary and he was already the best out there to begin with.


15 posted on 12/01/2012 11:10:26 AM PST by FerociousRabbit
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To: neverdem

The American People should say WE WILL ALL ASK FOR TAX EXTENSIONS AND THE GOVERNMENT WILL HAVE TO WAIT FOR OUR MONEY UNTIL OUR GOVERNMENT PASSES A BUDGET.

NO BUDGET NO TAXES


16 posted on 12/01/2012 11:16:52 AM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: TomasUSMC
NO BUDGET NO TAXES

LOL!

17 posted on 12/01/2012 11:43:21 AM PST by neverdem ( Xin loi min oi)
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To: neverdem
Mark is so mean...

Why doesn't he just let us bask in our delusion?

P. S. Note my Tagline.

18 posted on 12/01/2012 11:49:29 AM PST by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: neverdem
But the budget has always been a joke anyway...

Promises to spend a certain amount based on a guess about how much income will come in and count some things as income when they are not (like social security payments) and don't count some of the spending, i.e. off budget expenditures.

19 posted on 12/01/2012 11:54:27 AM PST by Positive (Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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To: neverdem
This entire "Fiscal Cliff" jabber reminds me of one thing only - GOING GALT. If I were still working in the business world instead of being one of the 47%, I would simply close up shop and retire, or see about getting on the government payroll since they seem to never run out of Other People's Money and when they do they just borrow more or print more. This is the life.

There is very little keeping corporations inside the USA other than those working on Government classified projects. MOVE OFFSHORE. Stick it to the Government and their leeches.

Yes, I know some of the 47% earned and paid for their Socialism Security.
20 posted on 12/01/2012 12:05:56 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Gritty

I firmly believe that anyone who signs up for government “help” should have to agree that their voting right will be suspended for the entire time that they’re collecting the benefit, plus 2 full years afterward. That way, even after they’ve gotten off the dole they’ll have to sit out an election cycle and can’t vote themselves more benefits from the leftists that want to bribe them. There would be the caveat that a person could immediately restore their voting right if they repay 100% of what they’ve received in assistance, plus a percentage equal to whatever the prevailing prime rate is plus 4%.


21 posted on 12/01/2012 12:24:59 PM PST by Two Kids' Dad (((( Leftists: Stupid or Evil. Sometimes both. ))))
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To: neverdem

22 posted on 12/01/2012 12:26:27 PM PST by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: neverdem
“Americans love Big Government as much as Europeans. The only difference is that Americans refuse to admit it.”

Don't forget that!

23 posted on 12/01/2012 12:33:15 PM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: neverdem

Oh to have one tenth of his wit and sarcasm while pointing out the truth. Spot on, Mark.


24 posted on 12/01/2012 12:44:54 PM PST by SueRae (It isn't over. In God We Trust.)
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To: Fightin Whitey

I hear ya. I’ve still a bit of work and planning to do.


25 posted on 12/01/2012 12:47:28 PM PST by SueRae (It isn't over. In God We Trust.)
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To: neverdem

This column is the most succinct, honest, truthful statement of fact about the totality of the problem facing us ever penned. Steyn lays his finger directly on the crisis. Like the old saying, “We have met the enemy, and the enemy is us.” I will add one more factor that has bitten us in the ass. All those times conservatives whittled down the tax rolls in order to advance tax cuts has in the end led to our destruction. Reagan and the GOP were naive in the 80’s thinking those people would be grateful. Instead they are the 47% who will drag the rest of us into the abyss.


26 posted on 12/01/2012 12:50:02 PM PST by gusty
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To: neverdem
From the Article: A couple of years back, Andrew Biggs of the American Enterprise Institute calculated that, if Washington were to increase every single tax by 30 percent, it would be enough to balance the books — in 25 years. If you were to raise taxes by 50 percent, it would be enough to fund our entitlement liabilities — just our current ones, not our future liabilities, which would require further increases. This is the scale of course correction needed.

And that is how we need to frame talks/arguments for tax-increase/spending-cut arguments.

27 posted on 12/01/2012 12:54:01 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: neverdem

You got to give it to Steyn only he could come up with...

the expiry of the deferment of the implementation of the adjustment of the correction of the extension of the reduction to the proposed increase of the Alternative Minimum Growth Sustainability Reduction Rate. They don’t call it a yawning chasm for nothing.


28 posted on 12/01/2012 1:06:21 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: neverdem

Brutal read, but great post of the ugly truth.


29 posted on 12/01/2012 1:12:51 PM PST by LuvFreeRepublic
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To: SueRae

Well, Sue Ray, when the Republicans in Congress collapse and sell us out on the budget deal, that just might buy us the extra few months we need to get things squared away.

How’s that for looking hard to find a silver lining?


30 posted on 12/01/2012 1:14:51 PM PST by Fightin Whitey
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To: FerociousRabbit

This whole thing seems to remind me of neighbors who had $80k in credit card debt, three new cars in the carport worth $90k in debt, and a house bought prior to 2007 worth $400k then but now only worth $300k...yet the combined income of the house is $60k a year. Everyone seems to think that you can just keep spending and never reach an end.


31 posted on 12/01/2012 1:25:38 PM PST by pepsionice
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To: Tax-chick

Break out the beer and popcorn while we watch the black Messiah think he can walk on water when it really is just a bucket of shyt!!


32 posted on 12/01/2012 1:26:56 PM PST by Stayfree
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To: Stayfree

Sometimes the most worthless people continue to prosper when things turn really bad ... but sometimes they get what’s coming to them.


33 posted on 12/01/2012 2:04:12 PM PST by Tax-chick (Are you getting ready for the Advent Kitteh?)
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To: Two Kids' Dad
I firmly believe that anyone who signs up for government “help” should have to agree that their voting right will be suspended for the entire time that they’re collecting the benefit...

Call it the "Beggars can't be choosers law." The courts would doubtless rule it an unconstitutional "poll tax" so you'd have to add a clause denying judicial review. Not to mention what dope you'd have to slip Reid et al and Obama to sneak it into law.

34 posted on 12/01/2012 2:10:58 PM PST by JohnBovenmyer (Obama been Liberal. Hope Change!)
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To: Two Kids' Dad
I firmly believe that anyone who signs up for government “help” should have to agree that their voting right will be suspended for the entire time that they’re collecting the benefit, plus 2 full years afterward.

Does that include Social Security? Medicare? Veterans' Benefits? Farm subsidies?

35 posted on 12/01/2012 2:24:10 PM PST by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: neverdem

You can... most Americans pay no taxes.

And they see no downside in voting for a party that will give them European social democracy without increasing their tax burden.

After all Obama did say, the rich “need to pay more.” By that definition, most people are home free.


36 posted on 12/01/2012 3:36:43 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lurking Libertarian

No, that applies to programs where people voluntarily sign up to get freebies from the government teat. It would not apply to contracts that we were forced into (soc sec, etc.) or contracted benefits that were promised to our brave servicemembers who have actually earned much more than the government provides tham. Farm subsidies can end completely as far as I’m concerned. Farmers should be allowed to grow and sell whatever they want at market prices.

Less government intrusion is a good thing.


37 posted on 12/01/2012 4:10:52 PM PST by Two Kids' Dad (((( Leftists: Stupid or Evil. Sometimes both. ))))
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To: Texas Fossil

It was concocted to keep the 2010 Tea Party insurgent freshman Congressmen from having any input.

Dems & RINO Pubbies did this.

***************************

It was also concocted for the similar reason to exclude any independents from having any role. The Janus-faced government uni-party has to be taken down. The are indeed jointly responsible for the nation’s decline. They are criminal accomplices aligned against the people.


38 posted on 12/01/2012 4:32:03 PM PST by Psalm 144 (Where would Christianity be if the early church put its hopes and trust in the Roman empire?)
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To: neverdem

Government spending in
the United States is 42.2 percent, but
revenues are 24 percent — the widest
spending/taxing gulf in any major
economy.- - - -

I’ve not seen these numbers. I thought government spending was around
25% vs the post war average of 20%. Perhaps he is including all levels of government. My number is federal only. Can anyone shed any light on this?


39 posted on 12/01/2012 5:12:53 PM PST by pluvmantelo
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To: TheOldLady; Rummyfan; Howlin; riley1992; Miss Marple; Dane; sinkspur; steve; kattracks; ...

Mark Steyn ping.

Freepmail me, if you want on or off the Mark Steyn ping list.

Thanks for the ping neverdem.


40 posted on 12/01/2012 5:16:55 PM PST by JLS
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To: TheOldLady; Rummyfan; Howlin; riley1992; Miss Marple; Dane; sinkspur; steve; kattracks; ...

Mark Steyn ping.

Freepmail me, if you want on or off the Mark Steyn ping list.

Thanks for the ping neverdem.


41 posted on 12/01/2012 5:17:11 PM PST by JLS
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To: TheOldLady; Rummyfan; Howlin; riley1992; Miss Marple; Dane; sinkspur; steve; kattracks; ...

Mark Steyn ping.

Freepmail me, if you want on or off the Mark Steyn ping list.

Thanks for the ping neverdem.


42 posted on 12/01/2012 5:18:08 PM PST by JLS
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To: Fightin Whitey

Moving far away from big “diverse” urban centers is probably the most critical factor.

You just won’t want to be around them when the EBT cards stop working.


43 posted on 12/01/2012 5:29:22 PM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: neverdem

“One or the other has to go.”

Can’t we just get rid of ALL of them? Please? Pretty Please?


44 posted on 12/01/2012 6:16:06 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Tax-chick

“I’ve got my money on this outcome. If I’m right, I’ll buy myself a drink. And if I’m wrong, I’ll buy myself a drink.”

I’ll be bar tending, Sistah! LOL!


45 posted on 12/01/2012 7:50:29 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Tax-chick
Sometimes the most worthless people continue to prosper when things turn really bad ... but sometimes they get what’s coming to them.

My dad said that about wars and civil disorder. He'd seen Paris in the autumn of 1944, when the reptiles who'd prospered under Nazi occupation were still riding high, and black marketeers were everywhere. "Scum rises" is about the best way to put it.

46 posted on 12/01/2012 11:54:05 PM PST by lentulusgracchus (Hanoi toy, McCain's their boy. (Hat tip to FReeper |neverdem|.))
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To: pluvmantelo
Perhaps he is including all levels of government. My number is federal only. Can anyone shed any light on this?

Without having a link handy, I believe you're right -- he said "[g]overnment spending in the United States" -- not "United States Government/federal spending".

And yes, I think the 40+% is a "public-sector" (vs. private sector) number.

47 posted on 12/02/2012 12:03:18 AM PST by lentulusgracchus (Hanoi toy, McCain's their boy. (Hat tip to FReeper |neverdem|.))
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To: lentulusgracchus
"Scum rises" is about the best way to put it.

Excellent phrasing. I was trying to find those very words.

48 posted on 12/02/2012 5:09:52 AM PST by Tax-chick (Did you dust your ceiling-fan blades? Now it's too late!)
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To: Diana in Wisconsin

Sounds perfect!


49 posted on 12/02/2012 5:13:22 AM PST by Tax-chick (Did you dust your ceiling-fan blades? Now it's too late!)
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To: sickoflibs
thought youd enjoy the closer...

"So given that the ruling party will not permit spending cuts, what should Republicans do? If I were John Boehner, I’d say: “Clearly there’s no mandate for small government in the election results. So, if you milquetoast pantywaist sad-sack excuses for the sorriest bunch of so-called Americans who ever lived want to vote for Swede-sized statism, it’s time to pony up.”

Okay, he might want to focus-group it first. But that fundamental dishonesty is the heart of the crisis. You cannot simultaneously enjoy American-sized taxes and European-sized government. One or the other has to go."

50 posted on 12/02/2012 5:32:21 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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