February 20, 2009
Worry...
While I was focusing on being a good student, any children that I might conceive* were just indentured.
This post is a buzzkill and involves the P-word so I've moved it under the fold and put a sad girl in snow in its place...
There is very little to add that hasn't already been said by others as it was happening...but it needs to be said again and again.
Like most people I was upset with Bush's inability to control spending and the Republican Congresses passage of it. I am just old enough however to remember a bit of what the 70's were like and that and the Illinois Senators associations provided a bit of perspective in the last election which many of my conservative colleagues seemed to lack...as they sat on their hands and shouted that there is not a dimes worth of difference between the parties....and in one case wrote in Davros.
Powerline has provided additional perspective....
...which sums up the situation quite succinctly.
Note that the debt of the Bush years is unremarkable historically speaking...especially when one takes into account the fact that we were fighting a war.
Look at the chart....I feel cold.
.
This is a level of debt we have not seen, since World War Two when we had men under arms from Bouganville to Burma to Alaska to Anzio were using 1/4th of the nations electrical grid to rewrite the laws of physics and were shipping goods to feed and clothe a third of the world.
This orgy of spending comes just as we are about to be hit by the entitlement bomb as all the geriatric hippies begin collecting social security and asking to have the government pay for age related medical issues.
This wouldn't be quite so worrisome if this were a crash programme to harden and modernize the electrical grid, and repair the many parts of our infrastructure that need upkeep and updating ...but such internal improvements are given only the most cursory attention. Virtually everything else is destructive to free enterprise or increases dependency (which adds to the cycle of government debt by increasing its cost) or both....and then there is the really worrisome stuff.
We are in for a very rough ride.
More here here here here and here....and this is priceless...bizzare but priceless.
I leave you with this....
The chart is via Wikipedia so take with a grain of salt.....
This is not good...
*(Hey!...Don't laugh!...There might be a blind woman with no standards out there! )
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This post is a buzzkill and involves the P-word so I've moved it under the fold and put a sad girl in snow in its place...
There is very little to add that hasn't already been said by others as it was happening...but it needs to be said again and again.
Like most people I was upset with Bush's inability to control spending and the Republican Congresses passage of it. I am just old enough however to remember a bit of what the 70's were like and that and the Illinois Senators associations provided a bit of perspective in the last election which many of my conservative colleagues seemed to lack...as they sat on their hands and shouted that there is not a dimes worth of difference between the parties....and in one case wrote in Davros.
Powerline has provided additional perspective....
Note that the debt of the Bush years is unremarkable historically speaking...especially when one takes into account the fact that we were fighting a war.
Look at the chart....I feel cold.
.
This is a level of debt we have not seen, since World War Two when we had men under arms from Bouganville to Burma to Alaska to Anzio were using 1/4th of the nations electrical grid to rewrite the laws of physics and were shipping goods to feed and clothe a third of the world.
This orgy of spending comes just as we are about to be hit by the entitlement bomb as all the geriatric hippies begin collecting social security and asking to have the government pay for age related medical issues.
This wouldn't be quite so worrisome if this were a crash programme to harden and modernize the electrical grid, and repair the many parts of our infrastructure that need upkeep and updating ...but such internal improvements are given only the most cursory attention. Virtually everything else is destructive to free enterprise or increases dependency (which adds to the cycle of government debt by increasing its cost) or both....and then there is the really worrisome stuff.
We are in for a very rough ride.
More here here here here and here....and this is priceless...bizzare but priceless.
I leave you with this....
The chart is via Wikipedia so take with a grain of salt.....
....but say hello to your new landlords...
Foreign owners of US Treasury Securities Nov 2008 Oct 2008 Nov 2007 Nation billions of dollars percentage Mainland China 681.9 22.10% 652.9 21.57% 458.9 19.65% Japan 577.1 18.70% 582.0 19.23% 589.6 25.25% United Kingdom 360.0 11.67% 357.2 11.80% 174.1 7.46% Caribbean banking centers 220.8 7.16% 219.3 7.25% 108.0 4.63% Oil exporters 198.0 6.42% 187.6 6.20% 138.7 5.94% Brazil 129.6 4.20% 134.5 4.44% 121.7 5.21% Russia 78.1 2.53% 80.9 2.67% 33.5 1.43% Luxembourg 75.0 2.43% 81.4 2.69% 67.9 2.91% Hong Kong 66.0 2.14% 65.2 2.15% 51.7 2.21% Switzerland 63.0 2.04% 61.2 2.02% 38.1 1.63% Norway 59.1 1.92% 50.5 1.67% 27.6 1.18% Taiwan 43.3 1.40% 39.1 1.29% 37.1 1.59% Germany 43.3 1.40% 42.9 1.42% 38.6 1.65% Singapore 37.4 1.21% 32.6 1.08% 40.2 1.72% Ireland 35.2 1.14% 29.0 0.96% 17.5 0.75% Thailand 35.1 1.14% 34.8 1.15% 27.5 1.18% Mexico 34.6 1.12% 33.1 1.09% 31.9 1.37% Turkey 28.7 0.93% 27.6 0.91% 25.6 1.10% Korea 28.6 0.93% 32.1 1.06% 37.8 1.62% Canada 17.2 0.56% 18.6 0.61% 24.0 1.03% India 16.2 0.52% 12.2 0.40% 14.8 0.63% Egypt 15.1 0.49% 15.0 0.50% 10.6 0.45% Italy 14.7 0.48% 14.0 0.46% 15.5 0.66% Chile 14.6 0.47% 14.9 0.49% 8.5 0.36% Netherlands 12.9 0.42% 13.0 0.43% 14.2 0.61% Poland 12.6 0.41% 11.4 0.38% 11.1 0.48% Belgium 12.2 0.40% 12.8 0.42% 14.2 0.61% Sweden 11.0 0.36% 11.5 0.38% 14.1 0.60% All Other 164.3 5.32% 159.5 5.27% 142.3 6.09% Grand Total 3085.9 3026.7 2335.0
This is not good...
*(Hey!...Don't laugh!...There might be a blind woman with no standards out there! )
Posted by: The Brickmuppet at
10:02 PM
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Hi.. I like your notes.. and may I copy your pic. I'll put the pic. on my writes.. thank you ^_^
Posted by: elitha at Sun Sep 27 23:49:50 2009 (FQtkh)
Posted by: The Brickmuppet at Mon Sep 28 21:36:39 2009 (V5zw/)
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