[Check out what is happening to our (and all?) economies with the advent of the giga-corporations – Microsoft, Alphabet, Amazon, Facebook – that have created oligopolies in several markets. And the commentary on what these companies know about the dark sides of human affairs – e.g. sources and distribution of fake news – is more than a bit disturbing. More here. gjr]

ARCHIVES
- January 2026
- December 2025
- November 2025
- October 2025
- September 2025
- August 2025
- July 2025
- June 2025
- May 2025
- April 2025
- March 2025
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
OUR LINKS
YubaNet
White House Blog
Watts Up With That?
The Union
Sierra Thread
RL “Bob” Crabb
Barry Pruett Blog
210 responses to “Sandbox – 15jul17”
-
Headline news!!!
“Thirty-two million fewer people would have health coverage, health insurance premiums would double and the insurance market would destabilize over the next 10 years under legislation the Senate may take up next week, according to a report the Congressional Budget Office published Wednesday.”
Well that will put a fork in the already dead Trumpcare proposal. Flop Flop FlopLikeLike
-
Boardman. How long did it take for the LIBS to ram the affordable health care scam up our collective rear ends? Remember? Gotta pass it to see it? Then “deem and pass”?(change the rules because they never really had the votes.) What was it? about two years?
Yup, I do wish the Repubs would use the same tactics the Progs used. “what’s good for one,,,”LikeLike
-
Not vary good numbers. Not even this far out.
http://www.breitbart.com/big-government/2017/07/19/2020-poll-kamala-harris-41-donald-trump-40/
A Progressive wins by one? In Ca.? Yes LIBS,, be afraid. VARY afraid. That might mean Trump wins Ca. by 6.LikeLike
-
GeorgeB, give them some time. They are having issues. Jeeze, I thought you were an old duffer and not caught up in the gimme now life style.
LikeLike
-
re: Walt@3:58PM
Run Linda Sarsour as the VP pick, and the renters under Paul’s place wouldn’t get a bit of sleep that night.LikeLike
-
PaulE that is if the government runs it. That is why the free market should be unfettered.
LikeLike
-
Po’ ol’ pollhead sounding exactly like he did a year ago, Trump is toast, R’s will be out of power and done as a party and so on and so on. How did that go for the po’ ol’ fakenewsman? Flop flop flop, are those the ratings on your fakenews show? 😉
LikeLike
-
i rather like the name Obamacare. Let’s keep it as written. Premiums will still skyrocket, states that expanded Medicaid eligibility will still be burning the midnight oil to figure out how in the heck can they pay for it (many can’t already and in a couple of years they will have to pay full freight for Medicaid as the Feds pull back the carrot and back out) the Cadillac Tax will kick in, more insurance carriers will run for the hills, and we can all just kick back with a nice soda pop and watch Obamacare and Obama do the death spiral. Then, like the early 70’s, we can carry a casket down Haight to commemorate the death of the flower child. How cool is that!
https://www.facebook.com/RowdyConservatives/photos/a.217983685002343.55586.217926015008110/1133036040163765/?type=3&theater
Yo Boardman. I feel your pain.
https://www.facebook.com/PatriotPost/photos/a.82108390913.80726.51560645913/10154904379910914/?type=3&theaterLikeLike
-
Posted by: Paul Emery | 19 July 2017 at 03:41 PM
Flop Flop Flop
Airing personal issues now Punchy?LikeLike
-
Just in case GB missed it, the DOW, NASDAQ and S&P all closed with records today.
Is anyone surprised that 5 of the 10 richest counties in the US are clustered around DC? 😉LikeLike
-
Obamacare or Trumpcare? You guys are pathetic. You got your priorities all messed up and ass backwards.
https://www.facebook.com/PatriotPost/photos/rpp.51560645913/10154907070555914/?type=3&theaterLikeLike
-
Don. I wonder if Boardman reinvested his retirement fund after he cashed it all in the night Trump won the election. I remember his little tiff and bragging on it.
Still in the mattress GB?LikeLike
-
BT- I never see any smiles at CNN and MSNBC.
He probably went long on oil last year after selling off and had to liquidate this year Walt. 😉LikeLike
-
Prayers out to the McCain family on the confirmation that the Senator has a brain tumor. 😦
LikeLike
-
So GeorgeB, how are all those investments doing? I recall that you tossed it out saying the place would tank. What did you do? Buy the supply of leftover Obama/Che T-shirts?
LikeLike
-
Sexism Exhibit A. Me Tarzan, you Jane.
http://thefederalistpapers.org/us-constitution/perfectly-illustrates-exactly-bernie-sanders-supporters-think?utm_source=FBLC&utm_medium=FB&utm_campaign=LCLikeLike
-
Aha! Finally, the Democtratic Socialists have finanally come up with a novel idea. It’s about darn it all time.
https://www.facebook.com/beingalibertarian/photos/a.256552551217454.1073741829.246976735508369/681593052046733/?type=3&theaterLikeLike
-
UPDATE for the ECO fear mongers.
https://realclimatescience.com/2017/07/twenty-five-years-since-the-ozone-hole-killed-us-all/
What happened? Other than nuttn’. I get it,, AGW was able to drag in more grant money.
But we got more expensive refrigeration out of the piss poor deal.LikeLike
-
For your reading pleasure Trump sinkingin Fox of all polls. to all time lows Down by 12
This is before the healthcare flop so it will get worse. Of course Todd will say Fox has a Democratic bias.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.htmlLikeLike
-
re-write
For your reading pleasure Trump sinking to an all time low. Down by 12 in FOX
This is before the healthcare flop so it will get worse. Of course Todd will say Fox has a Democratic bias.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.htmlLikeLike
-
re: The Paul@10:53PM
The fight over health care will be an interesting one. The Obama Congress left an interesting minefield in the form of an unfunded entitlement and I’m afraid that the Republican Congress can’t spin straw from gold…plus there’s mutually exclusive needs at work here.
Bummer they can’t just institute the $3000-deductible-and-go-to-Yubadocs-for-the-small-stuff plan that’s magically paid for by somebody else.
As the only unideological President in recent times, I doubt that Trump can do anything in this matter. We’ll simply see a street fight between big pharma, Medicare recipients, the AMA, illegal alien advocates, people who get (or got) perfectly good health insurance, those with preexisting conditions, and those who want health insurance on the public dime (it’s for The People, mann) all scrimmaging over insufficient resources.LikeLike
-
I see that one of the bastions of old school media is running some of that high-quality news and opinion again.
http://time.com/4535292/donald-trump-black-slaves/
Aren’t you folks even a little bit embarrassed sometimes?LikeLike
-
Scenes @ 8:00 on the nose.
“Aren’t you folks even a little bit embarrassed sometimes?”
That was rhetorical question, right? Surely you jest. Yesterday Walt said there is hope yet for the liberals, and today Scenes asks if they are even a “little bit embarrassed sometimes.” Now I have heard everything. You cannot shame a psychopath nor a sociopath, Scenes. Duh. What planet do you live on? Maybe once in a blue moon a little regret is all you can ever expect from them….regret that they got catch redhanded and even that may be stretching and definition of “a little embarrassment” to the outer limits and beyond. What, you expect Punchy to run over here embarrassed that he jumped on Golden Shower with glee and reckless abandon singing from the rooftops that Trump is going down, give it a month max and he will be gone!
No, if they feel even a twinge of embarrassment it will be twisted so the other dude is more at fault, thus absolving themselves. Being a psycho means never having to say you are sorry. They are sorry alright, sorry sumbitches.
Embarrassed? You mean like this:
https://www.facebook.com/RowdyConservatives/photos/a.217983685002343.55586.217926015008110/1133497023451000/?type=3&theater
Or like this?
http://conservativetribune.com/climate-scientists-cancel-doomsday/?utm_source=Facebook&utm_medium=TeaParty&utm_content=2017-07-17&utm_campaign=can
Or like this?
https://www.facebook.com/RowdyConservatives/photos/a.217983685002343.55586.217926015008110/1132684140198955/?type=3&theater
They revel in their cognitive dissonance. It is simply who they are. It is not their fault, they seem to have been born that way. Plus, being born without any conceivable way to comprehend, no less apprehend, humor, makes them stupid and glum. If they were just dumb and jolly, the bitter pill would be easier to swallow. Perhaps someday science will find a cure for them, but I am beginning to have my doubts. See, hope burns eternal. Just ask Walt. 🙂
https://www.facebook.com/lastamericapatriots/photos/a.235087906641439.1073741826.235086849974878/889526894530867/?type=3&theaterLikeLike
-
OH PLEASE GOD LET IT BE SO……..
Is 78-year-old “Auntie” Maxine Waters seriously going to make a run for the White House in 2020?
http://www.theamericanmirror.com/maxine-2020-waters-appearance-nh-sunday/LikeLike
-
A little embarrassed? Scenes, you have me laughing. Love your humor, and Fish’s, and Walt’s, and Dr. Rebane’s wry way of saying thing. Thanks for the morning chuckles. Made by day. 🙂
A little bit embarrassed sometimes? I report, you decide.
“The Left has a long list of these violent “revolutionaries” it venerates as heroes for the cause — cop-killer Mumia Abu-Jamal, Cuban mass murderer Che Guevara, and so on. It really comes as little surprise that these leftists would honor Shakur as a revolutionary hero. Communists have been doing that for decades. On a final note, the Women’s March is no more interested in protecting women’s rights than are communists interested in protecting democracy.”
https://patriotpost.us/posts/50282LikeLike
-
Evil, with a capital D in front of it.
http://www.foxnews.com/opinion/2017/07/20/craven-maine-democrats-block-bill-to-protect-safety-little-girls.htmlLikeLike
-
You thought feral pigs were bad?
https://www.usatoday.com/story/news/2017/07/19/rhesus-macaque-monkeys-roam-florida-silver-springs/103830122/
Just wait for these guys to take hold. Smarter, faster, and fearless.
I know. Some will say it’s racist to shoot the invaders.LikeLike
-
Laugh of the day.
When Momma ain’t happy, nobody is happy.
https://www.facebook.com/RowdyConservatives/photos/a.217983685002343.55586.217926015008110/1133284180138951/?type=3&theater
What was that definition Einstein came up with we like to quote?
https://www.facebook.com/OccupyDemocratsLogic/photos/a.1648005522084023.1073741829.1646874365530472/1946622212222351/?type=3&theaterLikeLike
-
For your reading pleasure. Trump continues to flop. Down 16.1 in latest consensus RCP poll. Historical low for 6 month President. How low can he go?
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.htmlLikeLike
-
Jeez…..be a SEAL or be a pseudo woman but pick one!
“It’s possible, however, that the first female member of these elite communities will come not from the outside, but from within. In October, a SWCC petty officer notified their chain-of-command that they identified as being transgender, Salata confirmed to Military.com.
According to Navy policy guidance released last fall, a sailor must receive a doctor’s diagnosis of medical necessity and command approval to begin the gender transition process, which can take a variety of different forms, from counseling and hormone therapy to surgery. Sailors must also prove they can pass the physical standards and requirements of the gender to which they are transitioning.
These first female candidates represent a major milestone for the Navy, which has previously allowed women into every career field except the SEALs and SWCC community. A successful candidate would also break ground for military special operations.LikeLike
-
Trump can go to zero and still be your President.
LikeLike
-
No Todd, the Republicans will dump him if he gets to the mid 30’s. They don’t really like him anyway. Pense is in the bullpen warming up as we speak. His last blast about Sessions has them scratching their heads and wondering what’s next.
LikeLike
-
Paul still has wet dreams? ” Republicans will dump him if ” You had plenty of “ifs”.
But I see you might be moonlighting.
https://www.thesun.co.uk/news/4060658/incredible-moment-crocodile-with-a-human-corpse-in-its-mouth-appears-to-be-summoned-back-to-the-riverbank-by-a-witch-doctor/
OK,, do it again!LikeLike
-
Well….not all the republicans Punchy.
Rand Paul on Trump’s Presidency: I Wake Up Every Day and Say ‘It Could Have Been Hillary Clinton’
LikeLike
-
Walt the Republicans are drooling over Pense and will dump Trump in a heartbeat if they can.
Fish I would like to respond but cant
Whatever… It’s all goodLikeLike
-
Paul. That’s what your LIB news might say. Nice try.
Yup, you sure can conjurer crap up. But good job with the Crock.LikeLike
-
Thanks for the compliment Walt
LikeLike
-
Posted by: Paul Emery | 20 July 2017 at 02:15 PM\
Indeed it is good Punchy….indeed it is!LikeLike
-
Clearly the po’ ol’ fakenewsman has no bottom limit for back handed compliments, must be that’s the only kind he gets. 😉
LikeLike
-
Whatever Don… It’s all good Peace Brother
LikeLike
-
Wow! From Fox News
““I’m baffled, frankly, by everything that’s happened in the past 24 hours,” Fox News’ White House correspondent John Roberts told Sheb Smith.
Roberts later admitted he’s “not sure what direction this is going and what the president hopes to achieve saying the things he’s said.”
“He has thrown into doubt the confidence that this White House must have in the Department of Justice, at the same time the attorney general is saying we’re going to do everything we can to uphold the laws of the United States and enforce them appropriately,” Roberts added.LikeLike
-
Going to vote for “Mad Max” Waters Paul? Her dementia should be well set in by the primaries.
LikeLike
-
I think this is good for America. Makes Trump look like a strong leader. He doesn’t take crap from anyone even his own people. And as far as Pence? The man is anti-abortion. And a Christian who actually is one. The left will attack the man worse than Trump ever got. And the Congress will not impeach so Paul Emery is having another nightmare. Wake up drink some black coffee and get yourself, coherent man. You are embarrassing yourself.
LikeLike
-
The RNC had a record haul in June, $13.4M for a 6mo total of $75.3M. This on top of Trumps impressive numbers. It seems the base is already voting with their pocketbooks. The DNC has not released its numbers yet. I wonder why? 😉
LikeLike
-
Submitted for your consideration…….(and comments….always want to hear the comments!)
Stockman Warns Of The Imperial City’s Fiscal Waterloo
Authored by David Stockman via The Daily Reckoning,
It’s all over now except the shouting about Obamacare repeal and replace, but that’s not the half of it.
The stand by Senators Lee and Moran was much bigger than putting the latest iteration of McConnell-Care out of its misery. The move rang the bell loud and clear that the Imperial City has become fiscally ungovernable.
That means there is a chamber of horrors coming. With it, an endless political and fiscal crisis that will dominate Washington for years to come. Its cause is deep and structural.
Founding Fathers, Fiscal Crisis and the Washington of Today
The founders, in fact, were small government de-centralists and non-interventionists. That’s why they agreed to Madison’s contraption of redundant checks and balances.
Aside from ruthlessly ambitious Alexander Hamilton, the founders wanted a national government that was hobbled by levels of hurdles and vetoes. They wanted a government that could act sparingly and only after thorough deliberation and consensus building.
And that made sense. After all, most believed that the 10th amendment was the cornerstone of the Constitution. Neither Washington or Jefferson envisioned the political and fiscal burdens of running an empire.
“It is our true policy to steer clear of permanent alliance with any portion of the foreign world.” That was George Washington’s Farewell Address to us.
The inaugural pledge of Thomas Jefferson was no less clear in stating, “Peace, commerce, and honest friendship with all nations-entangling alliances with none.”
So when Woodrow Wilson embarked the nation on the route of Empire in April 1917 and FDR launched the domestic interventionism of the New Deal in March 1933, the die was cast. It was only a matter of time before the disconnect between a robust Big Government and the structural infirmities of Madison’s republican contraption resulted in a deadly impasse.
The Fed has now backed itself into a corner and is out of dry powder. Even its Keynesian managers are determined to normalize and shrink a hideously bloated balance sheet. The current account has no basis in sustainable or sound finance.
The time of fiscal reckoning has come. With the financial sedative of monetization on hold, bond vigilantes will soon awaken from their 30 year slumber.
First up is the imminent debt ceiling crisis. Republicans will never reach agreement on a bill to raise the debt ceiling by at least the $2 trillion that would be needed to get through November 2018. That’s because the Freedom Caucus conservatives would never agree to a clean debt ceiling bill. By agreeing to such a measure, they would betray the fundamental reason they went to Washington.
The Washington Post reported that sentiment exactly this morning in comments from Freedom Caucus Chairman Mark Meadows:
Meadows said that he recently attended a meeting of eight of the most conservative Senate and House lawmakers about how to handle the debt ceiling and that not once did they consider the idea of backing Mnuchin’s proposal for a clean debt-ceiling increase.
The end game is quite clear. After several false starts, the Trump White House will be forced to turn to Democrats for votes to raise the debt ceiling but it will come at a price.
Not only would Trump be forced to bailout Obamacare with subsidies to insurance companies to keep rates out of double digits and coverage on state exchanges from collapsing, but it would also mean setting aside his vaguely outlined domestic agenda.
That would include dropping the sweeping domestic spending cuts contained in the Administration’s budget and settling for a modest tax plan constrained by revenue neutrality.
Even if Trump were to agree to a quid pro quo with Democrats to get votes for a debt ceiling increase, it would soon be surpassed by a far bigger consequence. It would be the complete implosion of any functioning Republican majorities on Capitol Hill.
That’s because a White House deal with the Dems on the debt ceiling would amount to giving the GOP rank and file release from party discipline — ragged as it already is — on fiscal matters going forward. White House complicity in Obamacare’s rescue would be considered an unforgivable betrayal.
Donald Trump, the Debt Ceiling and the Fiscal Reality
The Donald has almost no real friends in the Imperial City among the ranks of the seasoned political pros who run the Congressional GOP. After a debt-ceiling-for-Obamacare-bailout deal with the Dems, he would have no friends at all. The President would then be completely beholden to political enemies.
The naïve notions about “bipartisanship” and “working with Democrats” held by the White House inner circle of economic advisors will then come into play. As far as we can tell, both Secretary Mnuchin and chief economic advisor Gary Cohn (and son-in-law Jared Kushner) are lifelong Democrats. They are individuals who have no fiscal policy principles whatsoever — except doing whatever is necessary to keep the stock market rising.
They would likely lead the Donald into a fatal debt deal with the Dems based on the doctrine that the “credit” of the U.S. must be preserved at all hazards. By doing so, the Wall Street/Washington establishment’s fifth column in the White House will bring about the final defenestration of what is left of Trump’s presidency.
The astute leader of the Freedom Caucus made the devastating political cost of such a maneuver crystal clear. In recent commentary on the impending crisis, referring to Mnuchin’s campaign for a clean debt ceiling bill, he explained there is no such thing as 50/50 GOP/Dem coalition to pass a debt ceiling bill.
The minute the White House starts making concessions, the GOP bench will jump off the ship in droves. It will then become an overwhelmingly Democrat vote show:
“He’s certainly in the minority in the administration,” said Rep. Mark Meadows (R-N.C.), chairman of the House Freedom Caucus. “The problem is, yes, you could get a clean debt-ceiling, but it would be 180 Democrats in the House with 40 or 50 Republicans, and that’s not a good way to start.
Before Trump is forced into a surrender, there will be the same vote count maneuvering in GOP caucuses of both Houses. Similar to what preceded the GOP collapse of their seven-year crusade against Obamacare, such maneuvering may even lead to one or more small increases in borrowing authority.
The more likely case, however, is that the Treasury’s cash — which now stands at $168 billion — will run-out before they get to a stop-gap debt ceiling increase. That would cause the Treasury to unleash the nuclear tool of spending prioritization and allocation of incoming revenues to the highest uses (debt service, social security payments and military payroll).
Again, the Washington Post story hit exactly what is coming:
“One former Treasury official, speaking on the condition of anonymity to discuss sensitive agency deliberations, said officials are now “brushing up on options in the ‘crazy drawer.’”
In past administrations, Treasury officials have designed plans to prioritize payments to government bondholders so that if the government runs short on cash it could avoid defaulting on U.S. debt.
Such a scenario would be very difficult to manage because some bills would either be delayed or not paid — making it necessary to prevent an actual default. Prioritizing payments could lead to a spike in interest rates and a stock market crash, analysts have said.
The Undrainable Swamp Meets Wall Street
That’s an understatement, if there ever was one. Prioritization and unpaid bills piling up in the Federal agency drawers will cause a thundering shock in both Washington and Wall Street.
Congress would ring with stories about unpaid contractors, delayed grant distributions, furloughed Federal employers, closed national parks, and endless more.
If there’s any lesson from the 2008 crisis, it’s that entitled elites and robo-machines on Wall Street do not cater to a Congress that’s not doing their bidding. That became clear when the stock market dropped by upwards of 800 Dow points during the fifteen minute interval when the first TARP vote was being tallied (and voted down).
The non-compliance with Wall Street demands for protecting the credit of the U.S. at all costs and the sight of political disarray in Washington will come as a shock. It will cause panic on Wall Street and an even greater headache for the Donald.
That’s because Trump has trumpeted the 18% rise of the stock market averages since Nov. 8 as an endorsement of his Presidency. Instead, he should’ve punctured the bubble on Day One by demanding Yellen’s resignation and blaming the crash on the Fed and its enablers.
Having taken the easy strategy of embracing the stock market bubble, Trump will soon face a double whammy of unfair blame. He soon will be blamed for the debt ceiling crisis that he inherited; and nailed for causing the third major stock market crash of this century. Even though it was fostered by a rogue central bank that he has not addressed, let alone subdued.
The WaPo story provides the growing atmospherics, but the real countdown is in the Treasury numbers. Last year the Treasury collected only $595 billion between July 14 and the end of the fiscal year on Sept. 30.
Last year’s collections during the back 78 days of the fiscal year amounted to $7.6 billion per calendar day. This figure might reach $8 billion per day this year based on the 4.4% year-to-date lift in total tax collections.
Under that math, Washington has now spent $2.6 trillion through the end of May, or about $11 billion per calendar day. So call the cash burn rate $3 billion per day, and compute the inception of crisis as follows.
That makes 50-60 days of cash left, at most. Then comes the first great fiscal temblor of the new era.
The first round of prioritization and allocation will only be the precursor. It will come when Senator Schumer stands with a hapless Donald Trump in the Rose Garden announcing that the debt ceiling will be increased enough to get through the November 2018 election. Perhaps the Wall Street robo-machines will then be reprogrammed, finally.
At that point there will be no dip to buy. The political and fiscal crisis will become a permanent disaster in the Imperial City and the dip on Wall Street will become an extended cavern.
As all school boys know, the original Waterloo decisively changed the course of history.
So will this one.Like George says…..”Last Great Century of Man”!
http://www.zerohedge.com/news/2017-07-20/stockman-warns-imperial-citys-fiscal-waterlooLikeLike
-
Paulie want a cracker, Paulie want a cracker? Whaaaat! Squawk! Good Parrot.
Keep burying you head in those numbers, Punchy. R’s are going to dump Trump as soon as he hits 30, and it’s in with Pence, eh? That’s what your numbers tell ya? How has reading those numbers worked out for ya? Hmmmm.
You keep saying R’s. It’s the Deplorables and those rascally Irredeemables that put Trump in the nice winners’ seat smack dab behind the big desk in the Oval Office. Image that. Who cares what the R’s think away. They piss their pants and fold like a cheap suit at the first sound of distant gunfire. No ranchos huevos.
But, we not worry about them R’s. Does kinda explain McCain nutting up. Heard he had half a mind to jump back in on the Senate floor. Remember those rumors floating about when Gore or Lieberman approached The Mavrich to feel him out to be the Dem VP. Oh, the press really loves him, except for those Obama years, those long 8 years which are currently fading into some distant memory. Burning off like the morning mist.
So, how has your number crunching working out for ya? Paulie want a cracker? Sqawk!
A fakenewsman walks in a bar with a huge parrot on his shoulder. The barkeep looks up and asks, “Where did you get that?” The parrot answered, “Back of the Nevada Theather.”LikeLike
-
Look out ladies Bill is spewing again. It’s what happens when he has nothing to say. Coming up next-his famous Biker Talk.
LikeLike
-
re: PaulE@5:00PM
Like it or not, Mr Tozer is the best writer here. I expect being the subject of the fun might fog up that matter a bit, but there you go.
The essential point BillT is making here is the most important of the day. Trump is not what you call a ‘pubber’, he is something new. Feel blessed, the foundation of what you consider as the US election system is changing on a monthly basis. My guess is that your internal taxonomy of politics is inherently flawed.
By the pricking of my thumbs, Something wicked this way comes.LikeLike
-
I know it’s been a WHILE for ya’ Paul,,(yes, time fades the memory) but those ladies really like the “bad boys”. Especially “bikers”.
We have seen what the LIB women like. Usually each other, and more hair under the arms than you or me.LikeLike
-
Oh Punchy, talk dirty to me.
Is that the best you got? You really are devoid of….of…..well, let’s just say you took one too many in the head. Or, Momma dropped you when you were a baby. It’s not your fault.
Come on man, think of something original. Or steal a good line from something you once heard or read. Geeze, are you really that lame? Think, Punchy, think. Call me a swamp thang or something. You can do it! Opps, “are you really that lame?” was a rhetorical question. No need to answer, Paunchy. Pauly want a cracker?
Breaking News! Squawk. For you reading pleasure, squawk, swawk, squawk….Trump at 30, sqwak squawk, Penske in, squawk, squawk, Russians are coming, Squawk.
Ok, maybe I was a wee bit harsh on the…er…man. Punchy, you do have the ability to believe those Tin Foil Hat conspiracies, so that’s proof you are not totally brain dead. Always a silver lining.LikeLike
RR FUNDAMENTALS
RECENT POSTS
- Father forgive them for they know not …
- Democrats Ascendant
- Scattershots – 4jan26 (updated 8jan26)
- Sandbox – 4jan26
- Venezuela on path to freedom and prosperity
RECENT COMMENTS
CATEGORIES
- Agenda 21 (490)
- All Things Trump (32)
- Books & Media (34)
- Budget (2)
- California (385)
- Comment Sandbox (488)
- Critical Thinking & Numeracy (1,312)
- Culture Comments (750)
- Current Affairs (1,858)
- Film (7)
- Food and Drink (9)
- Games (5)
- General (215)
- Glossary & Semantics (25)
- Great Divide (208)
- Growth (1)
- Happenings (679)
- Investing (43)
- Music (2)
- My Story (62)
- Nevada County (733)
- Our Country (2,430)
- Our World (629)
- Rebane Doctrine (130)
- Religion (38)
- sandbox (2)
- Science (33)
- Science Snippets (165)
- Singularity Signposts (144)
- Sports (3)
- The Liberal Mind (644)
- The Rear View (74)
- Travel (8)
- Trump (3)
- Uncategorized (45)
- We the iSheeple (620)
- Web/Tech (176)

Leave a comment