tag:blogger.com,1999:blog-99704500378481622.post7483732442806188022..comments2023-10-14T08:23:14.641-07:00Comments on The American Energy Crisis: Its All about Oil, AgainA Quaker in a Strange Landhttp://www.blogger.com/profile/15425198389944137571noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-99704500378481622.post-10091075489521088282010-10-29T06:01:37.139-07:002010-10-29T06:01:37.139-07:00Actual numbers are a waste of time, as they will n...Actual numbers are a waste of time, as they will never "hit" exactly. I don't do exact predictions. I deal in themes. :)bureaucrathttps://www.blogger.com/profile/03869739125758038029noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-16668418667261281002010-10-26T19:06:31.675-07:002010-10-26T19:06:31.675-07:00Bur,
Those aren't actual numbers. Saying it&#...Bur,<br /><br />Those aren't actual numbers. Saying it's there and proving you can find the money to solve the issue are two different things.<br /><br />What are the actual numbers and how long would it take to bring us out of debt, meet our unfunded liabilities and provide the services you say we can afford?Billhttps://www.blogger.com/profile/11538147109007226573noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-39946137885087578072010-10-26T08:06:46.594-07:002010-10-26T08:06:46.594-07:00Bill,
It is simple math. The people demand $14 t...Bill,<br /><br />It is simple math. The people demand $14 trillion in spending. And the top 5 programs (80% of spending will NEVER be meaningfully cut. So, you have to generate $14 trillion in taxes somehow (or borrow $2-3 trillion each year, as we have been doing). <br /><br />Jeffers wants us to believe the taxable income amongst the rich just isn't there. That is crap. The most expensive restaurants in Chicago (Charlie Trotters, Everest, True, Ambria, etc.) are still open and doing great business. I see lots of BMWs and even a Ferrari now and then here. There is LOTS of money in the upper 20% of income earners to tax. I gave myself (and my rich parents) as an example. <br /><br />If you don't want to pay for the programs cause you don't want deficits, then don't. And if you are an elected politician, the taxpayers will run you out of town on a rail.bureaucrathttps://www.blogger.com/profile/03869739125758038029noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-86143183354561656862010-10-26T07:34:22.673-07:002010-10-26T07:34:22.673-07:00Instapundit was just pointing out two articles abo...Instapundit was just pointing out two articles about food shortages and a strong La Nina lowering temperatures. http://www.mg.co.za/article/2010-10-26-global-food-crisis-forecast-as-prices-reach-record-highs<br />http://pajamasmedia.com/blog/the-super-la-nina-and-the-coming-winter/<br />Given that, natural gas prices will be climbing as more is used to heat buildings and generate electricity.tweellhttps://www.blogger.com/profile/08164718561825615886noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-6692836658366732962010-10-26T07:27:14.433-07:002010-10-26T07:27:14.433-07:00It's all about oil, and it's all about QE....It's all about oil, and it's all about QE. Mish did a good post about inflation in China, and how price inflation there is going to spill over into price inflation here. Commodities are rising because of the money printing. Artificially low interest rates in the West are causing money flight to the developing world. As well, our balance of trade deficit causes the same problems. Our loose money policies are causing price inflation in the rest of the world. We will have no wage inflation here while there are 20,000,000 unemployed in this country. Oil, food and clothing will all be on the rise. Our government's cheap money policies will impoverish us.<br /><br />Regards,<br /><br />Coal GuyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-52277491704780475742010-10-26T05:31:23.164-07:002010-10-26T05:31:23.164-07:00Bur,
I'm curious about an earlier thread. I w...Bur,<br /><br />I'm curious about an earlier thread. I was out of town and didn't get to ask.<br /><br />You say that we should raise taxes on the rich and that would solve all of our problems. I don't have an issue with taxes on the rich but I don't think we can do squat without cutting spending.<br /><br />With $13T in debt and $100T in unfunded liabilities how long would it take to get back to even under your plan? What are the actual numbers you are using?Billhttps://www.blogger.com/profile/11538147109007226573noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-89874686767498525512010-10-25T20:35:17.541-07:002010-10-25T20:35:17.541-07:00... the solution to high prices is high prices, I ...... the solution to high prices is high prices, I mean ...bureaucrathttps://www.blogger.com/profile/03869739125758038029noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-56844358392439969462010-10-25T20:34:38.676-07:002010-10-25T20:34:38.676-07:00Which brings us to the stock market, which just ri...Which brings us to the stock market, which just rises and rises .. yet 70% of stock trades today are by computer, following some formula or momentum. <br /><br />So you put these rising oil prices together with a weak economy, and we should see everything, including the NYSE, come crashing down .. again. The solution to high prices is prices, and if commerce/individuals can't afford these higher oil prices, they are gonna retreat, and stop buying. Down comes the oil prices, and down comes the economy. Oil is a self-regulating industry.bureaucrathttps://www.blogger.com/profile/03869739125758038029noreply@blogger.com