Comments on: Happy New Year: 41 Dollars of Taxes for Every Dollar of Spending Cuts http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/ Harangues that just make sense Wed, 22 May 2013 04:10:21 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Dirty Old Man http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141967 Dirty Old Man Thu, 03 Jan 2013 04:20:20 +0000 http://patterico.com/?p=71978#comment-1141967 Well, he said that he wasn't much good at 7th grade math. Now we find out he's not even good at first grade math. Well, he said that he wasn’t much good at 7th grade math. Now we find out he’s not even good at first grade math.

]]> By: Sammy Finkelman http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141639 Sammy Finkelman Wed, 02 Jan 2013 15:22:50 +0000 http://patterico.com/?p=71978#comment-1141639 The thing that I noticed about Barack Obama speaking last night after 11PM is that he seemed to think the year was 2012, and the New Year had not yet arrived. The thing that I noticed about Barack Obama speaking last night after 11PM is that he seemed to think the year was 2012, and the New Year had not yet arrived.

]]> By: gary gulrud http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141526 gary gulrud Wed, 02 Jan 2013 04:48:42 +0000 http://patterico.com/?p=71978#comment-1141526 178. And OH, AL, MS,.. So the Fed, ECB and BOJ get into a bidding war over who will backstop their ne'erdowells at the highest premium. We are off to the races. On the bright side the Weimar hyperinflation didn't last but a matter of months, did it? The Fascists turned it around. Glad I look Aryan, not like a JOOOO. 178. And OH, AL, MS,.. So the Fed, ECB and BOJ get into a bidding war over who will backstop their ne’erdowells at the highest premium.

We are off to the races.

On the bright side the Weimar hyperinflation didn’t last but a matter of months, did it? The Fascists turned it around. Glad I look Aryan, not like a JOOOO.

]]> By: Patterico http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141524 Patterico Wed, 02 Jan 2013 04:44:09 +0000 http://patterico.com/?p=71978#comment-1141524 New, pissed off post on the House vote: <a href="http://patterico.com/2013/01/01/surrender-is-complete/" target="_blank" rel="nofollow">Surrender is Complete</a>. New, pissed off post on the House vote: Surrender is Complete.

]]> By: gary gulrud http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141522 gary gulrud Wed, 02 Jan 2013 04:41:06 +0000 http://patterico.com/?p=71978#comment-1141522 I guess Mr. Ryan didn't figure to wail on Ms. Clinton anyhow. I guess Mr. Ryan didn’t figure to wail on Ms. Clinton anyhow.

]]> By: Jim C http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141520 Jim C Wed, 02 Jan 2013 04:35:26 +0000 http://patterico.com/?p=71978#comment-1141520 Gary, your 70% number is consistent with my understanding, but I haven't been able to confirm it recently. Look at what Volker did in the early 80's. Even if the average interest rates increase to a modest 6% to combat inflation, we're already looking at $1T annually. Once the debt reaches $22T, we only need the rate to be 4.5% to be at $1T interest charges annually. Gary, your 70% number is consistent with my understanding, but I haven’t been able to confirm it recently. Look at what Volker did in the early 80′s. Even if the average interest rates increase to a modest 6% to combat inflation, we’re already looking at $1T annually. Once the debt reaches $22T, we only need the rate to be 4.5% to be at $1T interest charges annually.

]]> By: Kevin M http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141519 Kevin M Wed, 02 Jan 2013 04:35:25 +0000 http://patterico.com/?p=71978#comment-1141519 Down the road: The California/Illinois/New York bailout. It probably needs a -cliff name. Down the road: The California/Illinois/New York bailout. It probably needs a -cliff name.

]]> By: JD http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141517 JD Wed, 02 Jan 2013 04:33:13 +0000 http://patterico.com/?p=71978#comment-1141517 Nelson is one of those cowardly serial trolls. Obama wants more taxes. This was just a start. His idea of reduction in spending is increasing investment, and demagoguing actual cuts. Nelson is one of those cowardly serial trolls.

Obama wants more taxes. This was just a start. His idea of reduction in spending is increasing investment, and demagoguing actual cuts.

]]> By: Kevin M http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-8/#comment-1141516 Kevin M Wed, 02 Jan 2013 04:31:11 +0000 http://patterico.com/?p=71978#comment-1141516 <a href="http://clerk.house.gov/evs/2013/roll659.xml" rel="nofollow">Final roll call vote in House on HR 8.</a> Final roll call vote in House on HR 8.

]]> By: gary gulrud http://patterico.com/2013/01/01/happy-new-year-41-dollars-of-taxes-for-every-dollar-of-spending-cuts/comment-page-7/#comment-1141514 gary gulrud Wed, 02 Jan 2013 04:29:07 +0000 http://patterico.com/?p=71978#comment-1141514 167. I believe 70% of the debt matures over 7 years or less. A great deal is to be rolled over imminently. Another reason we should see prices rise. $400 Billion to maintain the debt in 2012. At what point will Kruggie consider it a problem? $1 Trillion? More? 167. I believe 70% of the debt matures over 7 years or less. A great deal is to be rolled over imminently.

Another reason we should see prices rise. $400 Billion to maintain the debt in 2012. At what point will Kruggie consider it a problem? $1 Trillion? More?

]]>