Saturday, March 13, 2010
This last month we posted a record $220.9 billion budget deficit. We took in $107 billion but spent $328 billion.
Isn't that special. We only funded 32% of expenditures?
Remember - entitlements were half of that $328 billion.
So let's see if we can do the math here.
Entitlements were about $164 billion last month in spending. The rest was, of course, the rest.
But we only took in $107 billion.
So even if we eliminated all entitlement spending we still did not have enough money to cover the rest.
If you want to know why the market is floating higher it's for the same reason you feel all giddy and special when you strike out on the town with your shiny plastic. You have magic cards!
It doesn't matter if you have a job, it doesn't matter if you have any money in the bank, so long as you have magic cards.
For how long does the United States continue to have magic cards?
Remember, from my ticker the other day, the federal government is directly spending 9% more of GDP today than it was just two years ago.
The market and economy are absolutely dependent on the Federal Government continuing to do so. Should the government not be able (or willing) to continue to do so, S&P 666 or DOW 6,489 will look like a bull market.
Now add to this that the continued spending in this fashion inevitably will cause interest rates to rise. It simply must, whether that interest rate increase comes from actual Treasuries, or whether it comes from dollar devaluation and thus causes oil - and by extension virtually every other price in the market - to rise at a meteoric rate.
Oh, and if they choose the second (inflation)? Then, as I discussed earlier, that entitlement spending, which is set to go parabolic anyway as the boomer retire, will have an afterburner attached to its backside due to the fact that all of these programs are indexed to "inflation", with Medicare in particular being indexed at several multiples of inflation.
But for today, folks, it's "Rally On Garth" - even though all of the above is not conjecture, it's mathematical fact and inevitably must come to pass.
Friday, March 12, 2010
Christian girl aged 21/2 raped then left to die for the greater glory of Allah.
For some reason the BBC didn't report this story, probably to avoid damaging Community Cohesion.
"Baby Neeha, at the age of 21/2, was raped by the son of her father's employer and left to die by the roadside, he said. No one was arrested for the crime.
These horrific events took place because her father, who was Christian, refused to give in to pressure from his Muslim employer to convert to Islam," El Shafie said.
The family went underground in Pakistan to hide from Muslim extremists who were seeking revenge for their non-conversion, he said.
"The family has lived for years in hiding and in constant fear of being discovered by the employer's family or Islamic extremists," El Shafie said. "We are thrilled that she's finally in Canada."
For those of us seeking a better understanding Islam, there are a few points to note:
The rapist wasn't prosecuted, because according to Islamic law he hadn't committed any crime. The 'prophet' Mohammed was a child-rapist, and Mohammed is the perfect man and role model for all Muslims. Also, rape is a legitimate weapon of Jihad, especially against children, as we saw in the Beslan school attack.
Not only had the rapist not committed any crime, but his action was actually commendable from the Islamic point of view, because spreading Islam (by whatever means may be necessary) is the greatest good which justifies ANY action. The system of morality (if it can be called that) in Islam is totally different from that in any other religion.
This attack also shows a common Islamic trait of getting at Christians by attacking children and other vulnerable people (as at Beslan and in the 'Street Jihad' intifada by young Muslim men).
No compulsion in religion
The fate of baby Neeha should make us wary of Muslims who tell us that the Koran says there should be 'no compulsion in religion'. Yes the Koran does say that, but the statement is null and void, as the Muslim propagandists (but not the gullible infidels) very well know.
The Koran is full of contradictions, and later violent verses (such as 'Kill the unbelievers wherever you find them') abrogate (cancel out) the earlier peaceful ones.
The early peaceful verses were written when Mohammed was trying to recruit his fellow citizens of Mecca to join his cult. But he didn't have much success among the people he'd grown up with, because they knew he was a nutjob.
So he moved to Medina and adopted a different strategy of recruiting criminals and psychopaths by promising them lots of rape, murder and pillage in the service of Allah. This worked perfectly and gave us the version of Islam we see in action in the world today.
Quoting abrogated parts of the Koran to deceive the infidels is one of the tactics of taqiyya (lying and deception in the cause of Islam).
As I said before, increasing the power of Islam justifies ANY action, which includes lying as well as rape, murder and anything else you can think of.
Consequently, Jens Orback is living in fluffy-bunny-land if he thinks that if we are nice to the jihadists when they're in the minority, they'll be nice to us when we're in the minority.
There will be many thousands of baby Neehas and other violated kuffar children as multiculturalism is implemented throughout Europe, as the following links demonstrate...
Islamic Gang Rape and Pedophilia as a 'Community Activity'
Of course every culture produces rapists and child molesters, but in non-Muslim societies these are usually isolated loners. In contrast, Muslim rapists and pedophiles are well-organised and these predators often hunt their prey in rape-gangs in a tradition of Muslim razzia going back to the 'prophet'.
Beslan - Child rape, torture, enforced urophagia and murder in the name of Islam
Young girls were gang raped. Young girls were raped with gun barrels and other objects. Many young girls did not survive these rapes. Children were forced to drink their own urine before being executed.
Man boy sex (Pederasty) in Islam
In Muslim societies women are kept covered in burkhas, so the prettiest things that most unmarried Muslim men ever see are beardless pre-pubescent boys. Beardless boys are not regarded as male, so sex with them is not considered as homosexuality as it is between adult men.
Bacha bazi feminizes these boys in order to degrade them. By forcing them to perform in women's clothes and by raping them, this tradition not only seeks to humiliate these boys for the pleasure of wealthy men, but also to reinforce the idea that women are inferior and for a boy to have feminine affectations is degrading for him.
Muslim pedophile gangs prey on British Children
Pedophilia is socially acceptable in Islam because 'the perfect man' Mohammed was a pedophile. In addition, pedophile attacks on 'kuffar' (non-Muslim) children are seen as a legitimate form of jihad, inflicting humiliation and demoralisation on the children and their parents.
Mufa' Khathat - cleaning up the mess after thighing Ayesha
Mohammed married Ayesha when she was six but could not 'consummate' until she was nine. In the meantime he 'thighed' her then made her wash his semen off his clothes - a fact that is well documented in Islamic scriptures.
Inbreeding, Incest and Cousin Marriage in Islam
Young girls are sold as sex-slaves to older cousins and uncles to ensure that the bride purchase transaction money remains within the family.
Islamic Child Sexual Abuse: Muslim Pedophilia
Women are kept in purdah, and must be accompanied by a male relative whenever they leave the house. Wealthy older men acquire the youngest brides (often young cousins), with polygamy ensuring that young women are always in short supply for impoverished young men.
Islam is powered by Muslim sexual repression
Proponents of wars and terrorism in the name of Islam often exploited the frustration of sexually deprived young males and tantalised them with the prospect of captured women as ‘war booty’ if they succeeded. If they died, 72 lovely virgins in paradise as ‘houris’ would be provided to them which makes these boys ready to die for it, as suicide bombers.
95% of Pakistani Truckers have sex with Boys
Young boys are prostituted and abused in The Land of The Pure
Muslim sex criminals are above the law
Muslim pedophile gangs are immune from prosecution as police do not want to risk damaging 'community cohesion'.
Hypermasculine Muslims - Islam and hypermasculinity
Predatory and domineering, Islam is a brutal, hypermasculine, barbarian, tribal warrior cult that glories in murder, mutilation, rape, genocide, terrorism, destruction and anarchy. Women, girls and all the feminine aspects human nature are chattelised and subjugated. Weakness is despised and seen as ripe for predation. A woman or girl is to be owned, not treated as an equal. If she punctures the fragile inflated ego of her owner, then she must be killed to restore the man's 'honour' among his peers. Kuffar women and children are war booty.
A North Korean factory worker was publicly executed by firing squad for speaking to a friend in the South on an illegal mobile phone.
The armaments factory worker was accused of divulging the price of rice and other information on living conditions to the friend who defected to South Korea years ago.
The man, identified only by his surname Chong, made calls to the defector using an illegal Chinese mobile phone, North Korean state media said.
The execution took place in late January in the eastern coastal city of Hamhung.
Mobile phone use in authoritarian North Korea is tightly restricted, although the country introduced an advanced network in 2008.
North Koreans who manage to make illegal overseas mobile calls mostly use networks in neighbouring China.
More than 10,000 North Koreans living near the border with China are thought to own Chinese mobiles.
The North Korean defector said to have received the calls, only identified by the common Korean family name of Kim, may have worked for South Korean government officials.
North Korea has long been regarded as having one of the world's worst human rights records, including public executions, political prison camps and torture.
Copyright © 2010 The Press Association. All rights reserved.
2) What if one virgin is no good in bed? Does she get replaced or is he stuck with 71?
3) If he's gay, does he get male virgins?
4) What if he's celibate? What does he get?
5) What if he hasn't reached puberty yet? Does he get 72 Xboxes till he comes of age?
6) If he's bi, does he get 36 of each?
7) If he blows himself up while building the bomb, does he still get credit?
8) What do you call a relationship with 72 women, a menage-a-soixante-deux?
9) Are they like 72 wives or 1 wife and 71 concubines?
10) What if he's ugly or smells bad and the virgins don't want anything to do with him?
11) Is there viagra in paradise? Ya know, just in case?
12) Is there an age of consent?
13) When they're deflowered, do they get replaced by new virgins or are they "born again"?
14) Do they become his common-law wives eventually?
15) If he has a tryst with a 73rd virgin, do the others consider it cheating?
16) Do the virgins have a union? If so, can they strike if they're not satisfied?
17) Is there a temp agency that replaces virgins if they call in sick?
18) What if the bomber's into animals? Does he get accommodated?
19) Why 72? Is 71 too few? Is 73 too many?
20) If it was a female bomber, how do the male virgins prove their virginity?
21) What happens when paradise runs out of virgins?
22) Can a bomber make reservations on specific virgins before he blows himself up?
23) If there are no virgins available, is he put on a waiting list?
24) If he's a catholic priest, does he get 72 little boys?
25) Would you call a female bomber a bombshell?
26) Would you call a child bomber a bombino?
27) Is it not 73 out of respect for Barry Bond's home run record?
28) If the bomber previously dated one of the virgins, does it get awkward?
29) Do they have a bomb squad in paradise just in case one of the charges didn't go off?
30) Did they start using female bombers because they ran out of virgins for the guys?
31) If she's a lesbian, do they "convert" the virgins, or will straight girls suffice her?
32) Does a hermaphrodite bomber get hermaphrodite virgins?
33) If so, are there 72 available?
34) If they run out of virgins, do they get inflatable dolls till they find more?
35) If a bomber finds an infidel in paradise, can he blow him up and get 72 more virgins?
36) Could the Koran have had a typo and it actually provided just one 72 year old virgin?
37) Is Muslim hell being one of the 72 virgins?
38) Instead of 72 guys, would a female bomber settle for 1 man who does dishes and garbage?
39) Do the bombers go broke on Valentine's Day?
40) If he's monogamous, does he pick one of the 72 or does he get a supermodel?
41) What if he doesn't like either gender? Does he just klutz around in paradise?
42) Eternity is long, and eventually he'll grow bored of his 72 women. What happens then?
43) How does he pick the 72 to begin with? Lottery? Beauty pageant? Police lineup?
44) Is he allowed to covet his neighbor's virgins?
45) Do the virgins have agents and/or contracts?
46) If so, can a virgin request to be traded or put on waivers if she's unhappy?
47) What should he say if one of the virgins asks "Does this Burka make me look fat?"
48) If he gives the wrong answer, is he uh, screwed?
49) How is anyone expected to handle a catfight amongst 72 women?
50) Did the 9/11 hijackers who didn't know they were going to die get 72 virgins too?
51) Are scouts employed to find virgin talent?
52) Do the virgins ever retire, or do they remain virgins forever?
53) If they retire, what kind of pension plan do they get?
54) Wouldn't it be interesting if they're virgins because they're ugly?
55) So is it 72 Muslim girls or like 1 virgin from every culture?
56) Wouldn't it be sweet if Lorena Bobbit got hired as one of the virgins?
57) What does Gloria Steinem have to say about all this?
58) When he gets home, does he have to say "How was your day?" to all 72 virgins?
59) Do they have counseling for sexual addiction in paradise?
60) If the virgins start hogging the remote, is he in hell?
61) They must take up an entire theater when they go to the movies, huh?
62) Are there restaurants in paradise that can accommodate a reservation for 73?
63) If a virgin suffers from multiple personalities, is she considered two virgins?
64) Does he get all the virgins at once, or do they have an installment plan?
65) Is the bomber entitled to subsitutes, exchanges, or refunds?
66) What if all the king's horses and all the king's men can't put the bomber together again?
67) Is "not tonight, dear, I have a headache" a valid excuse in paradise?
68) Do the virgins come with a warranty?
69) If so, does paradise replace defective parts and provide on-site service?
70) What do you call a lifetime warranty if you're dead?
71) Do siamese twin bombers get 144 virgins?
72) Who gets to clean up all those nasty sheets?
Tuesday, March 09, 2010
Daily we’re assaulted by a Washington elite dedicated to proving Saturday Night Live never went far enough into satire to capture the nonsensical folly of our elected leaders.
Hourly, our intelligence is insulted by people telling us they want to spend more money to lower the deficit and balance the budget as the deficit climbs higher and faster than ever before, and the national debt careens past satire into the theater of the absurd. Minute by minute, we’re assaulted by news such as the self admitted communist who was purged from the White House in the middle of the night is now an American Treasure. Or that the President’s long time pastor and mentor Rev. Wright recently honored Minister Louis Farrakhan, the leader of the Nation of Islam, with the Rev. Dr. Jeremiah A. Wright Jr. Lifetime Achievement Trumpeteer award. Is that the last trumpet I hear?
Suffice it to say the national scene in America today appears determined to prove one of Mark Twain’s less repeated quotes, “Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.”
There are some real offenders. I got into a heated discussion over this with my family over the weekend. BUT, the result of what happens when lukewarm poor theology takes over is the story of Focus on the Family.
Just because someone has a strong Biblical Based opinion that irritates and offends others doesn't mean that the opposite is right. It's not. Jesus said that.
"A STONE OF STUMBLING AND A ROCK OF OFFENSE"; for they stumble because they are disobedient to the word, and to this doom they were also appointed. 1 Peter 2:8
A taped interview Democratic presidential candidate Barack Obama did with the San Francisco Chronicle in January 2008.
In the interview, which has is available online, Obama talks about the importance of coal. He went on to talk about his cap and trade proposal to help curb global warming.
“If somebody wants to build a coal power plant they can, it’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Barack Obama said to the San Francisco Chronicle.
Well, the green movement, government regulations and Obama’s attitude toward coal power has resulted in the abortion of 3 coal power plants.
Want to see cap and trade in action? This is that. When your electric rates double in North Dakota, you have Obama to thank.
A majority of Americans say the United States is less respected in the world than it was two years ago and think President Obama and other Democrats fall short of Republicans on the issue of national security, a new poll finds.
Gosh, that Hope and Change sure changed our image in the world more hopeless than it used to be.