This week we’ll do it Thursday rather than Friday:
Obama is trying to work the same magic on America’s economy that a half century of Democratic rule has worked in Detroit. More details here.
And Detroit’s former mayor Kwame Kilpatrick is going to prison.
Since 2002, total federal spending has increased 89% while median household income has dropped 5%.
In Iran, 5 of top 10 porn search terms are for gay porn (no nudity, but NSFW-ish terms, and the usual warning that it’s (ick) Gawker).
Thanks to ObamaCare, your veterinarian bills are going up as well as your medical bills.
Thomas Friedman hates the Keystone pipeline because the oil is dirty, but loves China, where industry is a thousand time dirtier than here in the U.S. And where will that oil go if the pipeline isn’t built? China. Maybe Friedman just wants all the jobs to be in China. That, or actual checks from the Chinese government or their business subsidiaries, would explain an awful lot of Friedman’s writing over the last few years…
“Most developed nations are fundamentally broke.”
The degrees of broke-ness varies: from completely and utterly broke, like Greece or Italy; to wobbly, like the U.K., France, the U.S., or Japan; to getting poorer like Germany. But all of them are going to have to raise the percentage of gross domestic product they collect in tax — and many of them very significantly.
The U.S. deficit is more than 7% of GDP. The U.K.’s deficit is just as high. There is very little sign that spending cuts to close gaps of that magnitude are on the cards, nor is there any sign that growth will be sufficiently strong to make up the difference — certainly not in countries like the U.K. or Japan.
Huge sums of additional revenue will have to be raised.
Willie Sutton once famously remarked that he robbed banks because “that’s where the money is.”
In the same way, governments will look to raise more tax from companies because that’s where the money is.
Or they could, you know, actually cut spending…
I’ve not been following the Prenda Law case closely. Fortunately, Ken over at Popehat has. Exceptionally brief background: Scumbag copyright troll lawyers operate shakedown operation, filing dubious (at best) copyright infringement lawsuits. Then they compounded the problem by suing bloggers and lawyers in an attempt to silence them. As you might expect, that strategy isn’t working out very well for them… (Hat tip: Dwight)
Florida Democrats want mandatory anger management classes for people buying ammo.
From Popcap Games, the makers of Plants vs. Zombies, comes Trees vs. Rockets. Wait, did I say Popcap Games? I meant the Israeli Defense Forces.
White House journalists as Ring-Wraiths.
Third round of Climategate documents released?
Michael Totten says that Lebanon is ready to explode from the spillover effect of the Syrian Civil War.
News of the horrific 5-year old terrorist who brandished her fearsome Hello Kitty assault bubble gun (link fixed).
Tags: China, Democrats, Detroit, Energy Policy, Greece, Guns, Hezbollah, Iran, Israel, Italy, Keystone Pipeline, Kwame Kilpatrick, Lebanon, ObamaCare, Popehat, Prenda Law, Syria
This entry was posted on Thursday, March 14th, 2013 at 8:27 AM and is filed under Budget, Democrats, Economics, Foreign Policy, Global Warming, Guns, ObamaCare. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.