Idle musings about our economy...(2)...

Just the liberals...

Marvelous.

Democrats punt on Senate budget bill for third year

Budget? Budget? We don't need no stinkin' budget.

Jay Leno: "President Obama released his tax returns. It turns out he made $900,000 less in 2011 than he did in 2010. You know what that means? Even Obama is doing worse under President Obama."

Don't know if it's the same or even true but they're doing the same in Austin and claim that residential has been undercharged for decades. 

Karl, do you reckon this is connected to the EPA shuttering coal powered generation?  I seem to remember something about huge bill increases if/when that happens.

Considering the original source, I'm surprised:
The Myth of 'Good' Debt -

And I'm also surprised because I clicked on the link expecting to read a story about national debt...but not a whisper about that.

US Hiring Slows Sharply With Just 115K Jobs Added

The aforementioned jobs report.

The real story is that the number of people looking for work has dropped to a 30 year low thus dropping the unemployment rate from 8.2 to 8.1. They just keep cooking the numbers by dropping people "who have stopped looking for work" like they don't exist. I might add that I _think_ these are people for whom unemployment benefits have been exhausted. How handy for Obummer.

By my calculation, which is probably just as good as the Feds, the unemployment rate is in the neighborhood of 18%.

This sounds like events are going according to script according to some - the herding of the common man into a total dependence upon the government, IOW a form of socialism.  Using Rush's figures or yours Don, either look to me like unemployment is actually worse than the reported high in the Great Depression of 25%.  A significant point in Rush's diatribe is the lengthy unemployment benefits and when those run out just run on over to the Disability Office and jump on the disabled list.  In the Depression people had to work at whatever they could find to eat, now that is not necessarily true for the "taker" segment of the population.  When working for that time at the USPS I saw a disgusting abuse of disability benefits by a specific person.  I can't personally prove it now but I know it was all a sham.  We are in big trouble.

People that they just dropped from the unemployed looking for work rank. I wondered if their benefits ran out or if what I read elsewhere is correct have been put on SSI disability.

I'm thinking on our current path we'll have about 6 really rich guys paying all the taxes and the rest of us will be living off of them.

The increase in SSI disability is alarming.