Category Archive 'Default'

26 Jul 2011

Consequences of Default

, ,

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”

, , , ,

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.


Your are browsing
the Archives of Never Yet Melted in the 'Default' Category.

















Feeds
Entries (RSS)
Comments (RSS)
Feed Shark