The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

How Long Can the ‘Dollar Bubble’ Last?

If you think this is the solution, you are the problem “Sooner or later, you run out of other people’s money. Something that can’t go on forever, won’t. Debt that can’t be repaid, won’t be. Promises that can’t be kept, won’t be.” – Professor Glenn Reynolds Everybody who knows anything about economics — that is […]

Federal Bureaucracy: Doomsday Machine

by Smitty Echoing VodkaPundit’s rejection of Star Wars (I have never esteemed it above mildly entertaining space opera, myself) we’re going reaching back to Denny Crane’s old show for a metaphor to mock Politico’s risible title: “Southern governors secede from Medicaid” Wow, what an absurd headline. Really shameful. — Lachlan Markay (@LachlanMarkay) July 11, […]

Senator Coburn’s ‘Debt Elimination Ordnance (DOE)’ Adventure

by Smitty Now and then it’s healthy to step outside of Obama’s ‘Real World’. To breath some fresh air. To ponder existence beyond the orbit of the Obamas, Kimberlins, and #Occupy hippies. The Left’s controlling 1% makes for a long, strange, dangerous trip. One of the handful of political leaders worth two hoots today is […]

Want America To Fail? Heed Van Jones

by Smitty An excellent video from Free Market America (a project of Americans for Limited Government). This is of Bill Whittle caliber:About the only turn left un-stoned here is the point that the Federal Reserve has been the source of $ to support the entire politics of failure. Moving from reality to the surreal, Hot […]

Santelli To Liesman: You Can’t Drink Yourself To Sobriety

by Smitty The title is a summary of Santelli’s point here: Santelli points out that there is no way to keep Zimbabwe Ben from quaffing away at his bottle of Jethro’s 120 Proof Market Fixer-Upper And Hinge Lubricant. Liesman asks, metaphorically, what else Zimbabwe Ben should drink, and Santelli repeats that the market is going […]

Check Your Water Wings

by Smitty The National Debt Road Trip is about to get underway, in the nautical sense: Update: linked at

Don’t Blame The Class, Blame The School Of Thought

by Smitty Insty links Mark Steyn’s latest lamentation: But these comparisons tend to understate the insolvency of America, failing as they do to take into account state and municipal debts and public pension liabilities. When Morgan Stanley ran those numbers in 2009, the debt-to-revenue ratio in Greece was 312 percent; in the United States it […]

The End, Of Course, Will Arrive As A Reptilian Monster

by Smitty via Zero Hedge, this looks like the most boring, real-world, fantastic disaster flick ever: End of the Road Documentary Trailer from Tim Delmastro on Vimeo. I, for one, demand a rockin’ soundtrack:

They Told Me If I Voted For McCain, Politicized Economists Would Engage In Class Warfare Instead Of Speaking Truth To Power, And They Were Right!

by Smitty Robert Reich: But the rise in gas prices has almost nothing to do with energy policy. It has everything to do with America’s continuing failure to adequately regulate Wall Street. But don’t hold your breath waiting for Republicans to tell the truth. As I’ve noted before, oil supplies aren’t being squeezed. Over 80 […]

Must-Read Post Of The Day

by Smitty Tom Blumer over at Pajamas Media has a crucial outing on the federal budget: Here are two important but little-known and underappreciated points about the Super Dupers’ failure which cannot be emphasized enough: None of the alleged “savings” under discussion (really reductions in projected spending increases) would have kicked in until the beginning […]

$5 Billion To B-of-A, And All The IRS Got Was A Lousy T-Shirt Full Of Platitudes

by Smitty Stop Coddling the Super-Rich, saith the sagebrush of Omaha on 15 August: OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. Oh boo-effing-hoo. Wait, what’s today’s news? Warren […]

Eating Crow About Sprinklerman

by Smitty Indeed, Boehner’s great big little cuts seem hardly a cause for capillary bleeding. The anti-Boehner chorus was a tad too shrill, in my estimate. Then again, I had relatively low expectations for the 112th Congress. You have to understand that our Ruling Class overlords still expect Americans to balk at the pain of […]

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