Obamacare: Now Appearing On Your Restaurant Bill

[piezoe]

This is a sarcastic post, right? It has to be.

I'm serious! Compare the aftermath of the bank failures following the 1929 crash with the aftermath of the recent great recession to see how much better recapitalizing the banks worked then just letting them go under. No comparison! What we did this time around produced a much better result. Not painless, but far better than last time around.

In all likelihood though, we could have done much better still, . I agree with Soros that instead of taking the bad assets off the banks books we should have left them there and helped the banks replenish their equity instead. That would have been putting the money where the hole was. And of course we should have extracted more concessions regarding bonuses, and executive compensation for bailing out the banks.

 

[Ricter]

I'm serious!

We may be following in Japan's footsteps, in a deflationary sense. The WSJ has two articles on the problem today.

 

[blah12345678]

We may be following in Japan's footsteps, in a deflationary sense. The WSJ has two articles on the problem today.

Too many people over 50, and too few under 50 to pay their entitlements ...

 

[piezoe]

We may be following in Japan's footsteps, in a deflationary sense. The WSJ has two articles on the problem today.

Is it time to gas up the helicopter?

 

[piezoe]

Too many people over 50, and too few under 50 to pay their entitlements ...

So what fraction of current entitlements being paid out are not covered by a lifetime of social security and medicare taxes paid in advance plus interest? Do you know what an actuary is? Do you know what happens to any residual entitlement money you've paid plus the interest your money has earned if you die before you've taken it all out?

 

[Ricter]

Is it time to gas up the helicopter?

No, it's time to grease up the guillotine.

; )

 

[piezoe]

 

[LEAPup]

Personally, I'd rather the Nazicrats be hanged vs a guillotine.

 

[Lucrum]

Personally, I'd rather the Nazicrats be hanged vs a guillotine.

I dunno, guillotine is a bit faster. And "we the people" do have hundreds upon hundreds to execute before personal freedom and liberty can be restored.

 

[LEAPup]

I dunno, guillotine is a bit faster. And "we the people" do have hundreds upon hundreds to execute before personal freedom and liberty can be restored.

That's true. We can always sharpen the blades while the tyrants stand in line. I just think hanging is more fitting for these pieces of shit, and we sure do have some tall trees in D.C.