No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for March 22nd, 2010

Pay No Attention to That Flashing Red Light

From Bloomberg:

Obama Paying More Than Buffett as Bonds Show U.S. Losing AAA

Yup, in short order, we the American taxpayer are paying more than Warren Buffet and his green companies for debt.  Hell, we’re even paying more now than the Germans!

Haven’t the debt markets heard that the deficit problem has been solved?  Yeah, you see, we’re going to pay for 30 million more people to have all the health coverage they want, none of them will pay a dime for it and yet it won’t cost the government an extra nickle.  In fact, they’ve got this health thing so figured out that by paying for more people, we’re actually going to save money as a nation!

OK, to be fair, the article does say that part of the reason that the corporate debt yield is lower than the Treasury is that high credit companies don’t seem to be borrowing as much anymore.  Huh, why do you suppose that is?  Do they know something the Federal Government doesn’t?  Yeah, probably one thing; any money they borrow they’ll eventually have to pay back without the ability to make wage slaves of their customers.

We’re so screwed!

Giving Shoe His Due

by @ 5:30. Tags:
Filed under Miscellaneous.

Some of you may recall the dueling posts I had with Shoebox some months ago.  It has been my position since the day the health care legislation was introduced that it would not make it out of the conference committee.  Shoebox believed that the Democrats sensed they had to do something on health care in order to avoid looking like Bill Clinton when he was unable to move Hillarycare through Congress.  Shoebox was right; I was wrong.

I must tell you I am still in shock.  I really didn’t believe that our Congress had moved that far in the direction of statism.  I am devastated.  I cannot even begin to imagine what this fiscal burden will mean to my children.  I don’t want to live in a country that relies upon the government to ration health care.  This is truly a bad day in America.

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