Category Archive 'Default'

26 Jul 2011

Consequences of Default

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As suggested by various people on Twitter, see #ConsequencesofDefault.

Iowahawk: At-risk Mexican drug lords forced to buy own machine guns.


Sam Valley: Airline passengers forced to pat-down their own genitals before boarding their flights.


Histervative: With funding cut, research scientists may never know what a howler monkey’s favorite song is.


Psycotte: Huge spike in mattress label removal as populace goes haywire.


ToadonaWire: Cowboys must fund their own poetry


Iowahawk: Mankind’s dream of high speed government rail service between Chicago and Iowa City tragically dies.


liberrocky: Some children left behind, where they belong.


Iowahawk: Without college loan program, America loses an entire generation of Marxist Dance Theorists.

ToadonaWire: Government ceases doing some of the things it doesn’t have the constitutional power to do.

11 Jul 2011

“If You Ain’t Got No Money, Take Your Broke Ass Home”

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The American Progressives’ project of erecting a European-style welfare state is over, and it may be ending in default.

Chriss W. Street points out what the country’s real budget looks like (before Obamacare):

The Federal government’s spendable tax revenue of approximately $170 billion per month; is roughly just enough to cover legally required Social Security / Medicare payments ($90 billion) and debt service (ranging from $10-40 billon per month) – and the most politically sensitive payments for military and unemployment ($40 billion).

Read the whole thing. He has some good explanations of how we got here.

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