Flying into Florida once, saw them building a shopping center over what was obviously a “sink hole” location. The next day the news reported it had indeed collapsed, dropping all that new construction into the hole. That demonstrates EXACTLY the “planning” of the Republican Party since the day Obama was elected by an actual majority of America’s voters. (Unlike “W”)
Interesting that as their sequester will implement job losses down the road, the stock market hits record highs. Isn’t it also interesting that a rise in unemployment, always is matched by a rise in the stock market? What DO the rich, and those who take their “earnings” from dividends or inflationary spirals, have against the true “working class”??
Varvel perfectly illustrates Obama’s and Congressional Democrats’ denial mode….“we don’t have a spending problem” they have said with a straight face!-Obama just borrowed 6 times the total of the sequester “cuts” in the increased spending plan for FY2013!-Obama is in a Petty Snit and flatly refused to exercise the power Congress tried to give him to cut real waste and abuse spending….his TSA just spent $50 million for new uniformsbut his pettiness shut down White House tours, and he and his family continue living like royalty and flying wherever they please, each trip costing $millions.Worst president ever, IMO. At least Congress pre-planned and are continuing Capitol tours.-CBO expects tax hikes to raise 2013 revenue to $2.7 trillion but the “budget” is for spending $3.6 trillion. Cutting down the increased funding by $85 billion is not a solution, IMO.
“Cutting while in a depression can lead to violence in the streets and open fascism.”
I know you are a Krugman fan so you should have watched an interview by Charlie Rose with Joe Scarborough as the other “guest.”. Krugman just declared (contrary to his previous stance) that we didn’t have to worry about the debt for probably ten years and deficit spending and significant tax increases were in order. I kept waiting for some rational explanation but it never came. Just “cause I said so,” which even Charlie Rose (a devout liberal) questioned him on. Anyway, you should read the writings of Alex De Tocqueville on the subject of people electing leaders based on the premise of providing entitlements and the demise of the economic structure as a result. Followed with a takeover by a (suggested) fascist dictator that will come in and sweep up the pieces.
As Krugman never could explain, where is this prosperity going to come from when we will implement this austerity and all will be happy again? As questioned, growth is the answer, how are you going to make that happen? Europe is still in decline with little to no progress on a “growth program.” The stimulus and bailouts being provided here and in Europe haven’t generated growth, so what is the solution?
That sinkhole that devoured Jeffrey Bush was about 10 miles from where I used to live.There is something else that damages construction but is not really a sinkhole. That is when they bulldoze a lot and don’t carry away the plant material, but build on top of it.When the vegetation rots, concrete and walls crack.
Your image is at best 1/3 correct. Bruce Bartlett’s recent column, “Mismeasurement of Federal Spending, Investment and Saving – NYTimes.com” points out that debt not offset by assets (investments) is a manageable $5 trillion. Fill in the debt hole by 2/3+. The other end of building should have an even larger hole representing revenue lost to subsidies and loopholes and the war taxes Bush should have imposed to pay for his wars.
wmconelly normally that stock market is a predictor however with interest rates driven down by gov retirees are puttin $$$ in the stock market to get some return as soon as interest start to rise the retirees will go to bond and stocks will head south
jtripp47 about 11 years ago
That sinkhole isn’t big enough!!!
Tempus Fugit Premium Member about 11 years ago
What’s really interesting is that Varvel has the legislative branch falling into the sink hole, perhaps he isn’t as clueless as most of his cartoons.
Dtroutma about 11 years ago
Flying into Florida once, saw them building a shopping center over what was obviously a “sink hole” location. The next day the news reported it had indeed collapsed, dropping all that new construction into the hole. That demonstrates EXACTLY the “planning” of the Republican Party since the day Obama was elected by an actual majority of America’s voters. (Unlike “W”)
Interesting that as their sequester will implement job losses down the road, the stock market hits record highs. Isn’t it also interesting that a rise in unemployment, always is matched by a rise in the stock market? What DO the rich, and those who take their “earnings” from dividends or inflationary spirals, have against the true “working class”??
disgustedtaxpayer about 11 years ago
Varvel perfectly illustrates Obama’s and Congressional Democrats’ denial mode….“we don’t have a spending problem” they have said with a straight face!-Obama just borrowed 6 times the total of the sequester “cuts” in the increased spending plan for FY2013!-Obama is in a Petty Snit and flatly refused to exercise the power Congress tried to give him to cut real waste and abuse spending….his TSA just spent $50 million for new uniformsbut his pettiness shut down White House tours, and he and his family continue living like royalty and flying wherever they please, each trip costing $millions.Worst president ever, IMO. At least Congress pre-planned and are continuing Capitol tours.-CBO expects tax hikes to raise 2013 revenue to $2.7 trillion but the “budget” is for spending $3.6 trillion. Cutting down the increased funding by $85 billion is not a solution, IMO.
Mickey 13 about 11 years ago
“Cutting while in a depression can lead to violence in the streets and open fascism.”
I know you are a Krugman fan so you should have watched an interview by Charlie Rose with Joe Scarborough as the other “guest.”. Krugman just declared (contrary to his previous stance) that we didn’t have to worry about the debt for probably ten years and deficit spending and significant tax increases were in order. I kept waiting for some rational explanation but it never came. Just “cause I said so,” which even Charlie Rose (a devout liberal) questioned him on. Anyway, you should read the writings of Alex De Tocqueville on the subject of people electing leaders based on the premise of providing entitlements and the demise of the economic structure as a result. Followed with a takeover by a (suggested) fascist dictator that will come in and sweep up the pieces.
As Krugman never could explain, where is this prosperity going to come from when we will implement this austerity and all will be happy again? As questioned, growth is the answer, how are you going to make that happen? Europe is still in decline with little to no progress on a “growth program.” The stimulus and bailouts being provided here and in Europe haven’t generated growth, so what is the solution?
rockngolfer about 11 years ago
That sinkhole that devoured Jeffrey Bush was about 10 miles from where I used to live.There is something else that damages construction but is not really a sinkhole. That is when they bulldoze a lot and don’t carry away the plant material, but build on top of it.When the vegetation rots, concrete and walls crack.
Michael Peterson Premium Member about 11 years ago
Everyone whose house and car are fully paid for is going to love today’s cartoon!
vhouse0 about 11 years ago
Your image is at best 1/3 correct. Bruce Bartlett’s recent column, “Mismeasurement of Federal Spending, Investment and Saving – NYTimes.com” points out that debt not offset by assets (investments) is a manageable $5 trillion. Fill in the debt hole by 2/3+. The other end of building should have an even larger hole representing revenue lost to subsidies and loopholes and the war taxes Bush should have imposed to pay for his wars.
oneoldhat about 11 years ago
wmconelly normally that stock market is a predictor however with interest rates driven down by gov retirees are puttin $$$ in the stock market to get some return as soon as interest start to rise the retirees will go to bond and stocks will head south