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kevbone

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The debt crisis is a direct result of the financial collapse and reliance on bubbles to maintain economic growth while the corporate elite have dine-and-dashed enabled by corrupt politicians and their useful idiot electoral base. There wasn't a "crisis of the welfare state" until the neoliberal project, more specifically financial liberalization and "tax freedom", predictably shit the bed.

 

And hey, if you need to show clips from the opening scene of 2001 to show how far we've come as a result of Reaganomics, knock yourself out.

 

There's been a mathematical crisis at the heart of the transfer mechanisms used to fund the welfare state ever since people started living longer and having dramatically fewer children.

 

For the past forty years even actuaries with traumatic brain injuries have looked at the data and been able to conclude that gap between inbound payments and outbound spending would grow too large to finance at some point, even under assumptions of healthy, uninterupted economic growth. Take away the latter and you arrive at that point sooner, but the destination has always been the same. Once you get there - it's too late to do much other than default and try to get by on what you can actually afford to pay for.

 

Everybody Loves Malthus. When it's convenient, of course.

 

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The debt crisis is a direct result of the financial collapse and reliance on bubbles to maintain economic growth while the corporate elite have dine-and-dashed enabled by corrupt politicians and their useful idiot electoral base. There wasn't a "crisis of the welfare state" until the neoliberal project, more specifically financial liberalization and "tax freedom", predictably shit the bed.

 

And hey, if you need to show clips from the opening scene of 2001 to show how far we've come as a result of Reaganomics, knock yourself out.

 

There's been a mathematical crisis at the heart of the transfer mechanisms used to fund the welfare state ever since people started living longer and having dramatically fewer children.

 

For the past forty years even actuaries with traumatic brain injuries have looked at the data and been able to conclude that gap between inbound payments and outbound spending would grow too large to finance at some point, even under assumptions of healthy, uninterupted economic growth. Take away the latter and you arrive at that point sooner, but the destination has always been the same. Once you get there - it's too late to do much other than default and try to get by on what you can actually afford to pay for.

 

Everybody Loves Malthus. When it's convenient, of course.

 

Malthus was a notorious sandbagger. Totally under-rated the 5.11 on SEWS.

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For the past forty years even actuaries with traumatic brain injuries have looked at the data and been able to conclude that gap between inbound payments and outbound spending would grow too large to finance at some point, even under assumptions of healthy, uninterupted economic growth. Take away the latter and you arrive at that point sooner, but the destination has always been the same. Once you get there - it's too late to do much other than default and try to get by on what you can actually afford to pay for.

 

Yes, we saw the corresponding charts already, but hey, thanks for the reminder! Are you starting to get it yet, Jay? Because you're getting tiresome.

 

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Yup. Uncontrolled spending since Reagan kicked off the program of debt funded cocaine binging. God forbid we should have to pay for anything up front.

 

Thanks, GOP!

 

And special thanks to W!

 

Good thing they spent it on tax cuts for rich folk's toys and nukes and other stuff that makes the joint a better place for all.

 

Funny how the heroine addicts are now touting the virtues of abstinence.

 

Fucking psychopaths, I tell ye!

 

 

Edited by tvashtarkatena
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Sprinkle in a little God Smacked bigotry/misogyny, and you've got yourself a pretty good weekend in Vegas.

 

Now let's also gather up all the asshole contractors and trailer drunks and glue em together into a MOVEMENT. FUCK THOSE HERBAL TEA SIPPING TEACHERS, greedy union thugs, and the rest of the loser middle class, too. If they weren't so lazy they'd be rich already. GOLD STANDARD.

 

Hey, what happened to our tax base?

 

Your party is AWESOME, Jay! It's about VALUES. Or maybe its just about value...when shopping.

 

 

Edited by tvashtarkatena
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This is an interesting chart

 

[img:center]http://media-files.gather.com/images/d782/d572/d745/d224/d96/f3/full.jpg[/img]

 

Source

 

Eisenhower was a Republican president and the rich paid 91% in taxes. From what little I know of the 50s it sure seems like there were quite a few rich folks with posh mansions running companies that employed lots of folks.

 

Interesting how the tax rates plummeted after Nixon to the levels seen just before the depression. The depression in the 30s not the recent one. Hmmm

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This is an interesting chart

 

[img:center]http://media-files.gather.com/images/d782/d572/d745/d224/d96/f3/full.jpg[/img]

 

Source

 

Eisenhower was a Republican president and the rich paid 91% in taxes. From what little I know of the 50s it sure seems like there were quite a few rich folks with posh mansions running companies that employed lots of folks.

 

Interesting how the tax rates plummeted after Nixon to the levels seen just before the depression. The depression in the 30s not the recent one. Hmmm

don't matter what you set them rich boys taxes at, feck, they gotta plenty of folks on the payroll to figure out how they won't have to pay a dime anyway :)

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