Catch up on stories from the past week (and beyond) at the Slashdot story archive


Forgot your password?
User Journal

Journal Journal: Stein to the Drunken Lefties 34

The free-spending Lefties here,
As the drunk on a beer
Bender for fortnight or more,
Knowing hangover in store,
Bangs his hogshead in vain,
Wishing 'twere full again.
Raging 'gainst coming of dawn,
When the light of the sun falls upon
The heart of man in full rut;
Hedonism fills his. But
He can't make beer from piss,
For carnal bureaucratic bliss,
Must give way to the maul,
Hammering the head until all
Thought of Socialism is purged
And the name of the one who urged
The entitlement orgy's reviled,
And thoughts return to the child,
Who somehow knew right from wrong;
Good poetry from banal song.
Gratification, delayed, that built mind.
He looks up from his puke-puddle to find
A brief Herbert Stein phrase,
That pierces his drunken daze
The way that a mother's don't:
"Trends that can't continue, won't."
--CLS 21Oct2013
User Journal

Journal Journal: Yep

But at least we all have a moment of clarity. The GOP is not, in any meaningful sense, a conservative, first-principles, Constitutionalist party â" and unless itâ(TM)s subsumed by the Tea Party, it never will be. Rather, itâ(TM)s content to be the lesser half of the Permanent Bipartisan Fusion Party as long as it can collect some of the pork scraps from underneath the table of the Permanent Bipartisan Fusion Government. No wonder they keep losing â" they like it.

The recent unpleasantness has helped the GOP elite be perfectly clear.

User Journal

Journal Journal: Rodeo Clown Economics 28

Saving General Motors from bankruptcy was among President Obamaâ(TM)s most frequently cited achievements when he ran for re-election last year. Democrats everywhere touted the companyâ(TM)s revival as proof of the 2009 bailoutâ(TM)s wisdom. That was then. Now, Obama has quietly released the auto manufacturer from a bailout requirement that it increase its production in the U.S. Instead, GM is spending billions of dollars building up its production capacity in ... China.
This is happening despite the fact that the Treasury Department has to date recovered just $36 billion of its original $51 billion loan to GM. By most analystsâ(TM) predictions, American taxpayers will be out approximately $10 billion when the remaining stock is sold off. Which is a long way of saying that it now appears that taxpayers paid $10 billion to make it easier for GM to accelerate its foreign outsourcing and send more manufacturing jobs to China.

Sweet, sweet Detroit end state.
But I'm confident that our idiot electorate will look at a sane candidate in 2016, and vote for Benghazi Jezebel.

User Journal

Journal Journal: Senator Coburn Rocks 4

"The debt ceiling has never not been raised, so there is no debt ceiling," Coburn said on CNN's "New Day."
"And by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. Iâ(TM)d rather have a managed catastrophe now, which I donâ(TM)t think will be there."

So I guess we just have to pass the debt ceiling to see what's in it.
When the parade of horribles does/doesn't show, I hope that both parties step up to the plate and, you know, negotiate.

User Journal

Journal Journal: The debt limit farce 6
The link above is a great set of gloomy links to just how jacked up our finances really are.

But $222 trillion in debt canâ(TM)t simply be worked around. Will our commentariat and government officials ever discuss our current federal budget in terms of unfunded liabilities? Fear of being honest with the American people, especially baby boomers who have paid into these programs for decades, may be the concern. Or perhaps they simply think there will somehow be enough money to make good on the benefits promised.

This is why I can't put stock in liberal think tanks who're all "Yeah, we just gotta raise taxes & stuff and shore up these entitlements."
Improvement starts with honesty.

User Journal

Journal Journal: Let Chaos Be Perfectly Clear 24

Thoughtful outing by Victor Davis Hanson

Amid all the charges and countercharges in Washington over the government shutdown, there is at least one common theme: Barack Obamaâ(TM)s various charges always lead to a dead end. They are chaos, and chaos is hard to understand, much less refute.
By that I mean when the president takes up a line of argument against his opponents, it cannot really be taken seriously â" not just because it is usually not factual, but also because it always contradicts positions that Obama himself has taken earlier or things he has previously asserted. Whom to believe â" Obama 1.0, Obama 2.0, or Obama 3.0?

Read the whole well-linked thing.
If the United States learns nothing else from the Obama experience, it must be that, while you can take a mediocre chap and turn him into a triumph of style over substance, the side effects are spectacularly bad.
Come to think of it, W. was a mediocre chap, too.
How does a society breed statesmen in the Postmodern era?

User Journal

Journal Journal: Lest anyone cry 'racism' 42

George W. Bush: He Gave Rise to the Tea Party
During his five years in office, President Obama has often blamed his problems on what George W. Bush left him with: two wars, a historic recession, an out-of-control financial system and a huge budget deficit. But W.'s most enduring legacy to his successor may have been the tea party movement, and the political dysfunction that it has brought.

A counter-argument would be that the dysfunction centers around the non-enumerated Federal power growth that is not seen as legitimate.

User Journal

Journal Journal: I'm so, like, totally sure Bush is to blame for this 10

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90%

The U.S. Treasury divides the U.S. government's debt into two general categories: debt held by the public and intragovernmental debt. Debt held by the public consists primarily of U.S. Treasury securitiesâ"including bills, notes and bondsâ"that the Treasury sells on the open market to everybody from individual families and investors to government entities in the Peopleâ(TM)s Republic of China.
Intragovernmental debt is money the Treasury has borrowed from the Social Security Trust Fund and other government sources to pay for current government expenses.
Under Obama, intragovernmental debt has increased only about 10 percent, starting at $4,319,566,000,000 on Jan. 20, 2009 and increasing to $4,761,904,000,000 by the close of business on Sept. 30, 2013.

What's kind of cool is how the dynamic duo of the Federal Reserve and the Treasury keep this sort of perpetual motion machine going. Don't they?

User Journal

Journal Journal: Sometimes, letting the sting of the idiocy bite IS the optimal course 13

The union-brokered $2 billion bonus revelation comes as President Barack Obama sent a White House delegation led by Attorney General Eric Holder to Detroit on Friday to announce a $320 million aid package.
The timing of the unfolding bonus scandal creates a politically liability for Obama, as in 2012, Obama declared that his leadership kept Detroit from going bankrupt.
"We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. I bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way," said Obama.
Detroit, which has $18.5 billion in long-term debt obligations, is the largest municipal bankruptcy in U.S. history.

If Lois Lerner is any guide, the perpetrators will retire and continue to leech off of the productive.

User Journal

Journal Journal: Read it and effing weep 23

From the beginning, proponents of The Affordable Care Act conflated the argument that the rising costs of healthcare were due to people without health insurance. They ignored the fact that most Americans have health insurance, and they failed to admit that the rising costs of health care have been ignited by players such as the medical insurance industry and big Pharma which were integral in crafting Obamacare.

About the only quibble I could offer is later:

Cost control will be the driving force to keep the system operating; therefore, rationing of care will be inevitable.

The driver is actually the growth of bureaucracy. Over time, the cancer eats more resources to fund new bureaucracies that mostly produce acronyms.
This will hold true even after our existing system is blown up, and Single Prayer comes to (en)s(l)ave us.
In Eternity, this shall not have mattered much. But here under the sun, the deceit involve in all this is just staggering.

User Journal

Journal Journal: ManBearPig translation: Let's just scuttle the Constitution 6

Now I am going to talk about the potential for a shutdown in just a
moment, but I think that the only phrase that describes it is political terrorism. "Nice global economy you got there. . .Be a shame if we had to destroy it. We have a list of demands. . . If you do not meet them all by our deadline, we will blow up the global economy" How dare you. How dare you.

I dare, ManBearPig, because standing up to your kind of tyranny is precisely what this country is about.

User Journal

Journal Journal: Welfare states have this appetite thing 6

Zero hedge
Submitted by Michael Snyder of The Economic Collapse blog,

Now that "bail-ins" have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a "bail-in" is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning.

Let the welfare state help you with all that pesky portable property. It's weighing down your karma, you know.

Slashdot Top Deals

Systems programmers are the high priests of a low cult. -- R.S. Barton