March 05, 2009
A picture is worth a thousand words, or a trillion dollars...
I don't have anything useful to add, so just go visit this excellent visual representation of what the U.S. Government is doing to its citizens.
Posted by: Douglas Oosting at
10:48 AM
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Posted to category: Creeping Socialism
February 09, 2009
Stimu-Pork!
Congratulations, Democrats. You got your 20-year wish list voted through, with a big helping of hysteria and fear-mongering publicity from the White House. Our kids--and theirs yet unborn--will be paying for your pork for years to come!
Here's a hint: irresponsible deficit spending caused the current crisis, how can anybody think the cure for it is MORE of the same?
Here's a hint: irresponsible deficit spending caused the current crisis, how can anybody think the cure for it is MORE of the same?
Posted by: Douglas Oosting at
07:49 AM
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Posted to category: Creeping Socialism
November 25, 2008
Bailouts, Banks, and Bull****
Someone better at high finance than I am has run the numbers and the current bailout-a-looza is the single largest bill the US has paid.
Ever.
It beats the total cost of fighting World War II--including the Marshall Plan to rebuild Europe. It beats the lifetime cost of NASA. It absolutely overwhelms the total cost of Iraq, Vietnam and Korea together.
The root cause? Well-meaning but utterly idiotic legislation forcing lenders to assume higher risk to loan to people who couldn't otherwise afford a home. Because, after all, home ownership is a Right. The other factors all piled up on top of that single (Carter-era) premise.
And if the banks can't do it, the government will just have to buy them out and make it happen. Responsibilty? Bah, that's so nineteenth-century!
Ever.
It beats the total cost of fighting World War II--including the Marshall Plan to rebuild Europe. It beats the lifetime cost of NASA. It absolutely overwhelms the total cost of Iraq, Vietnam and Korea together.
The root cause? Well-meaning but utterly idiotic legislation forcing lenders to assume higher risk to loan to people who couldn't otherwise afford a home. Because, after all, home ownership is a Right. The other factors all piled up on top of that single (Carter-era) premise.
And if the banks can't do it, the government will just have to buy them out and make it happen. Responsibilty? Bah, that's so nineteenth-century!
Posted by: Douglas Oosting at
12:30 PM
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Posted to category: Creeping Socialism
November 06, 2008
I hope I don't need this category...
This category will contain attempts to implement [edit: "by the Government"]1 pure Marxist ideas, both blatant and subtle. As President-elect Obama2 has indicated he views "redistribution of wealth" a priority, I fear I will have many entries here.
more...
more...
Posted by: Douglas Oosting at
12:33 PM
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Posted to category: Creeping Socialism
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