The Other McCain

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

Your Morning Application Of Fertilizer To The Air Circulator

Posted on | April 9, 2010 | 8 Comments

by Smitty (via Zogger on Slashdot)

The Market Oracle is bereft of cheer as the inevitability of the VAT draws near:

What has surprisingly received little media attention is that the US Government has been steadily reducing the maturity of its treasury portfolio to keep fiscal deficits down. Whether interest rates rise or it becomes a problem for the US Treasury to re-fund the ever expanding roll-over pools, both suggest a Maturity Wall is dead ahead. It will occur no later than 2012, but it will likely be triggered with the next financial default scare.

Read the whole thing. Vast amounts of unsavory graphs to be found.

Think of US taxpayers as a single person, and the VAT as a blood donation that ends somewhere after the second pint, when the heart ‘unexpectedly’ implodes.

Or, maybe, these friendly Progressive vampires will find a way to keep the donor barely alive, just slightly above the point of catastrophic collapse. Won’t that be a swell thing to explain to the Founding Fathers in the afterlife?

What I want to see after the inevitable crisis is a removal of direct taxation power from DC. Let the Appropriations Committee be a wrestling match to determine the funding targets, and impose them on the States by whatever rule becomes law. But if the bill as presented is too great, then the funding targets go down. I realize that the notion of a negative feedback loop is mature, radical, sane, and unworkable. However, if we had more engineers and fewer lawyers driving the bus, the end might not be so predictable:

Update: via Insty, more VAT love, which may not have been the sort of affection for which you voted.

Comments

8 Responses to “Your Morning Application Of Fertilizer To The Air Circulator”

  1. Charles Johnson
    April 9th, 2010 @ 10:58 am
  2. Charles Johnson
    April 9th, 2010 @ 5:58 am
  3. Bob Belvedere
    April 9th, 2010 @ 12:15 pm

    The Market Oracle is bereft of cheer as the inevitability of the VAT draws near.

    You’re a Goddamn poet!

  4. Bob Belvedere
    April 9th, 2010 @ 7:15 am

    The Market Oracle is bereft of cheer as the inevitability of the VAT draws near.

    You’re a Goddamn poet!

  5. smitty
    April 9th, 2010 @ 12:27 pm

    @BB,
    And I can’t even say I was conscious,
    As Cthulhu set about to devour us.

  6. smitty
    April 9th, 2010 @ 7:27 am

    @BB,
    And I can’t even say I was conscious,
    As Cthulhu set about to devour us.

  7. Bob Belvedere
    April 9th, 2010 @ 2:07 pm

    Smitty:

    Conservatives are red
    Progressives are blue
    They really hate this country
    And so should you

    …that’s about the best I can do
    [proves my point about you]. πŸ˜†

  8. Bob Belvedere
    April 9th, 2010 @ 9:07 am

    Smitty:

    Conservatives are red
    Progressives are blue
    They really hate this country
    And so should you

    …that’s about the best I can do
    [proves my point about you]. πŸ˜†