Skip to comments.Back on the Internet; Sequestration and the Coming Depression.
Posted on 02/25/2013 3:35:42 AM PST by lbryce
The President has excoriated the Republicans for not bailing us out of the sequestration which is going to end life as we know it. He says the only way out is to keep borrowing more money the sequestration was his idea on how to insure that we did some spending cuts when we raised the debt ceiling, but he has forgotten that I guess. Now the only hope for the nation is to raise taxes. Supposedly on the rich because there are plenty of tax rises that will affect us all coming inevitably.
The notion is to blame the coming Depression and that looks to be inevitable on the sequestration, although we will be spending more next year than we did last year, and more the year after that than we will this year: the sequestration will not be a cut in the budget, merely a diminution of the increase that is automatically built into the budgets we dont pass any more. And Obamacare will cost a lot of money, the 2% increase in salary tax (as opposed to income tax which hits whats left after the 12 to 20% salary tax), inflation, raise in minimum wage, and other economic disincentives will cost more, and the incentive to expand a business is lowered, fewer businesses start maybe we wont hit a full Depression, but the probability is there. We are doing it to ourselves.
Minimum wages of course hit those entering the work force; they dont yet know how to make money for their employer, and as we make it harder and harder to fire incompetent people, the reluctance to hire them to earn more than they are worth in the hopes that they will learn to produce enough to earn their starting salaries well, you get the idea. And the schools which ought to be teaching people to be worth at least minimum wages have not been doing that it is unlikely they will get better at it so that graduates will be worth a higher minimum wage.
I suppose we're going to run out of economic options faster than the government will come up with new economic neologisms to keep things unresolved in a way to keep pressure on the Republicans.
One would think people would know how our monetary system works, but they do not.
Personally, I think the Nobel guys ought to give the Nobel Prize for Economics to the President for a fine outstanding method of cutting budgets.
We can only wish.
The kids filed into class Monday morning. They were all very excited.
Their weekend assignment was to sell something, then give a talk on salesmanship.
Little Sally led off. “I sold Girl Scout cookies and I made $30” she said proudly, “my sales approach was to appeal to the customer’s civil spirit and I credit that approach for my obvious success.”
“Very good”, said the teacher.
Little Debbie was next. “I sold magazines” she said, “I made $45 and I explained to everyone that magazines would keep them up on current events.”
“Very good, Debbie”, said the teacher.
Eventually, it was Little Johnny’s turn. The teacher held her breath. Little Johnny walked to the front of the classroom and dumped a box full of cash on the teacher’s desk. “$2,467”, he said.
“$2,467!” cried the teacher, “What in the world were you selling?”
Toothbrushes”, said Little Johnny. “Toothbrushes”, echoed the teacher, “How could you possibly sell enough tooth brushes to make that much money?”
“I found the busiest corner in town”, said Little Johnny, “I set up a Dip & Chip stand and I gave everybody who walked by a free sample.”
They all said the same thing, “Hey, this tastes like dog poop!” Then I would say, “It is dog poop. Wanna buy a toothbrush? I used the President Obama method of giving you some crap, dressing it up so it looks good, telling you it’s free and then making you pay to get the bad taste out of your mouth.”
Little Johnny got five stars for his assignment. Bless his heart.
It is an old story, every one once knew, every thing that goes up must come back down. government is no longer working for the people but since government is the biggest employer in the world they are working for Government, it is socialism and it will be destroyed just like Hitlers socialist Government was destroyed, it will take a lot longer and it will be much deeper because most of the world has turned into this evil monster.