[Bill Hicks]

Yesterday's U.S. GDP numbers were shockingly bad considering the all out insane levels of federal deficit spending being used to prop them up. As I wrote on my blog, it is now clear that America faces four VERY BAD choices regarding the debt ceiling impasse.

1). Raise the debt ceiling and greatly INCREASE deficit spending in an effort to “restart” economic growth. This is the choice preferred by mainstream liberals and represents classic Keynesian economic theory. Down this road lays a fast dollar collapse, hyperinflation, and economic ruin probably within a year or two.

2). Raise the debt ceiling and MAINTAIN current levels of deficit spending. This would probably be Obama’s first choice to get him past Election Day 2012. This option would achieve results similar to those above, but it would take a little longer to get to hyperinflation and economic ruin, most likely at some point in Obama’s second term.

3). Raise the debt ceiling and CUT current levels of deficit spending. Whether achieved by spending cuts that the Republicans want or tax increases as the Democrats want, or a combination of the two, this strategy would represent the last and best attempt to kick the can a little further down the road. This strategy would no doubt shortly have to be followed by additional cuts/tax increases, and then still more shortly after that, and so on and so forth. Assuming that the government is able to control civil unrest and disorder, this might buy us a continued slow crash for another decade or so.

4). DON’T raise the debt ceiling and BALANCE the federal budget. This strategy would mean an instant 10% contraction in GDP, credit drying up, tens of millions being laid off and instantaneous political instability and massive civil unrest and violence. Those who advocate for this scenario do not seem to realize just how bad a shock it would be to a population; from welfare mothers, to social security recipients, to defense contractors, to the biggest corporations; that has become thoroughly dependent on federal largess for their very survival. I have grave doubts that the U.S. would survive as a political entity for very long under this option absent the rise of a truly authoritarian regime and the loss of basic freedoms for just about everybody.

More at link:

http://billhicksisdead.blogspot.com/201 ... es-of.html

[Cloud9]

It will be two, followed by three which will morph into four.

[Bill Hicks]

It will be two, followed by three which will morph into four.

Indeed, it is inevitable.

[peeker01]

It has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

[Quinny]

Cut corporate taxes LMAO. What do they pay anyway?

Onerous environmental restrictions so we can fuck the workers and planet quicker!

Repeal product liability laws - well at least that'll get rid of a few people!

Who's paying you?

It has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

[Bill Hicks]

It has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

Ummm...that's just stupid. The fact is that since the financial crash of 2008, the federal government has been one of the very few entities that has actually been creating jobs. Take the additional federal direct hires and also those hired by contractors who have been receiving part of the added $3 trillion in federal deficit sending over the past three years and there would likely have been NO net jobs created AT ALL. What part of "federal deficit spending equals 10% of GDP" do you NOT understand?

You can argue that all of that is unsustainable...and I absolutely agree. Collapse is going to be butt ugly for everybody, private and public sector alike.

[peeker01]

You are talking out of both sides of your mouth Bill. Guvment jobs just move tax money around.
Private sector jobs CREATE tax money, so you liberals can continue to move tax money around.

Collapse isn't going to happen. The debt will be paid first, and guvment workers can go on the
dole, just like they were before they found their guvment job.

Look at Nasa. We aren't going to be spending a billion on a shuttle launch this month. No great loss.
Look at the post office. 2600 locations to be shut. No great loss.
Look at the TSA. We could have our stuff stolen out of our suitcases for half price if it were private.
Look at public service pensions. Total fraud.
Look at Fannie and Freddy. Soon to be private.
Look at Harry and BO. Soon to be unemployed.

[Bill Hicks]

You are talking out of both sides of your mouth Bill. Guvment jobs just move tax money around.
Private sector jobs CREATE tax money, so you liberals can continue to move tax money around.

Collapse isn't going to happen. The debt will be paid first, and guvment workers can go on the
dole, just like they were before they found their guvment job.

Look at Nasa. We aren't going to be spending a billion on a shuttle launch this month. No great loss.
Look at the post office. 2600 locations to be shut. No great loss.
Look at the TSA. We could have our stuff stolen out of our suitcases for half price if it were private.
Look at public service pensions. Total fraud.
Look at Fannie and Freddy. Soon to be private.
Look at Harry and BO. Soon to be unemployed.

You know, peeker, one of the few things that comforts me about the coming collapse is imagining what it will be like when the MZBs show up at the door of people just like you.

[Cog]

It will be two, followed by three which will morph into four.

Indeed, it is inevitable.

Since its inevitable, even a progressive like yourself should understand that the longer we wait, the more debt we accumulate, and the worse the fall will be. Choice four is the only legit option if you understand the math of it all.

Ignoring the oncoming freight train doesn't make it go away.

[nobodypanic]

It has been long known that the government doesn't create jobs, the private sector does.

in china.

Why does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

in other words reduce us to this:





how about we take our private sector, greed driven, market society and flush it.

[Cog]

Great lets have socialism, since that has such a great history of working out.

[nobodypanic]

Great lets have socialism, since that has such a great history of working out.

how's your capitalism working out? still optimistic even while watching it implode in real time? don't want to talk about the here and now? well why don't you just peruse the history of that form of economic organization and get back to me on the level of mass misery it has promulgated time and time again.

[Bill Hicks]

It will be two, followed by three which will morph into four.

Indeed, it is inevitable.

Since its inevitable, even a progressive like yourself should understand that the longer we wait, the more debt we accumulate, and the worse the fall will be. Choice four is the only legit option if you understand the math of it all.

Ignoring the oncoming freight train doesn't make it go away.

Not if it results in a mass convulsion of civil violence and disorder. Math won't do you any good when the starving hordes are swarming all over you.

Option 3 is the only one that gives us even the chance of an orderly descent. It's just too bad we wouldn't use the added time wisely.

[peeker01]

Capitalism and our government is faltering because of too many social programs. The wars don't
help, but all countries fight wars (except France).

[Bill Hicks]

Capitalism and our government is faltering because of too many social programs. The wars don't
help, but all countries fight wars (except France).

Do you even follow the news at all? France was so eager to attack Libya that it didn't even wait until the rest of NATO was ready before it commenced bombing.

[peeker01]

BO told me that Libya isn't a war Bill, and I believe him.

[Cog]

It will be two, followed by three which will morph into four.

Indeed, it is inevitable.

Since its inevitable, even a progressive like yourself should understand that the longer we wait, the more debt we accumulate, and the worse the fall will be. Choice four is the only legit option if you understand the math of it all.

Ignoring the oncoming freight train doesn't make it go away.

Not if it results in a mass convulsion of civil violence and disorder. Math won't do you any good when the starving hordes are swarming all over you.

Option 3 is the only one that gives us even the chance of an orderly descent. It's just too bad we wouldn't use the added time wisely.

Your assumptions on civil disorder are just that, assumptions. A minimal amount of support could be provided to the mooch class to keep them in their free housing and off the streets. As far as swarming hordes, those who actually pay the bills have plenty of weapons and ammo to discourage appropriation of our well earned property and possessions.

[Bill Hicks]

Your assumptions on civil disorder are just that, assumptions. A minimal amount of support could be provided to the mooch class to keep them in their free housing and off the streets. As far as swarming hordes, those who actually pay the bills have plenty of weapons and ammo to discourage appropriation of our well earned property and possessions.

You are even more naive than the liberals you claim to abhor. As obnoxious as you are, you'll no doubt be one of the first ones denounced by an informant to the new authoritarian government as a hoarder. Have fun when you get sent to a FEMA camp as an enemy of the state.

[Pops]

Have fun when you get sent to a FEMA camp as an enemy of the state.

That would be funny, the same old troll whose latest guise is "prepping for the apocalypse" sent to the reeducation camp as a hoarder!

[Cog]

Have fun when you get sent to a FEMA camp as an enemy of the state.

That would be funny, the same old troll whose latest guise is "prepping for the apocalypse" sent to the reeducation camp as a hoarder!

Informants in a fascist regime have a funny habit of having their throats slit in the middle of the night. You can refer to the French resistance during WW2 if you want more information on how that works.