[bubba99]

Way back in the day, we passed prop 13 because there was no end in sight to rising property taxes. We set an absolute limit that could not be exceeded without the express vote of the people.

Imagine where we would be today if Prop 13 were not in place. The give aways to state employees would be double, and propertty taxes would be monotonically increasing to pay an ever increasing state employee benefit and pay package. We already have 9% sales tax, 9.6% imcome tax, rising auto and boat taxes. Im only sorry we did not pass a limit on all taxes

[bubba99]

Way back in the day, we passed prop 13 because there was no end in sight to rising property taxes. We set an absolute limit that could not be exceeded without the express vote of the people.

Imagine where we would be today if Prop 13 were not in place. The give aways to state employees would be double, and propertty taxes would be monotonically increasing to pay an ever increasing state employee benefit and pay package. We already have 9% sales tax, 9.6% imcome tax, rising auto and boat taxes. Im only sorry we did not pass a limit on all taxes

[bubba99]

Way back in the day, we passed prop 13 because there was no end in sight to rising property taxes. We set an absolute limit that could not be exceeded without the express vote of the people.

Imagine where we would be today if Prop 13 were not in place. The give aways to state employees would be double, and propertty taxes would be monotonically increasing to pay an ever increasing state employee benefit and pay package. We already have 9% sales tax, 9.6% imcome tax, rising auto and boat taxes. Im only sorry we did not pass a limit on all taxes

[bubba99]

Arraya,

Exactly right. One idiot underwear bomber and we are no longer America. We are abandoning our freedom to respond to the actions of a few dozen “terrorsts”.

Using Israel as an example of “how to do it” is adding insult to injury

[bubba99]

Arraya,

Exactly right. One idiot underwear bomber and we are no longer America. We are abandoning our freedom to respond to the actions of a few dozen “terrorsts”.

Using Israel as an example of “how to do it” is adding insult to injury

[bubba99]

Arraya,

Exactly right. One idiot underwear bomber and we are no longer America. We are abandoning our freedom to respond to the actions of a few dozen “terrorsts”.

Using Israel as an example of “how to do it” is adding insult to injury

[bubba99]

Arraya,

Exactly right. One idiot underwear bomber and we are no longer America. We are abandoning our freedom to respond to the actions of a few dozen “terrorsts”.

Using Israel as an example of “how to do it” is adding insult to injury

[bubba99]

Arraya,

Exactly right. One idiot underwear bomber and we are no longer America. We are abandoning our freedom to respond to the actions of a few dozen “terrorsts”.

Using Israel as an example of “how to do it” is adding insult to injury

[bubba99]

Success in government as in business is measured by growth. Success in Politics is measured by being elected.

To get elected, both Dems and Reps make concessions to large voting groups – like state workers. State workers are paid well to elect their friends.

25 billion shortfall on a 85 billion in revenue is unsustainable/insane. They have kicked the can down the road for too long.

The current system can’t succeed, and can’t change.

[bubba99]

Success in government as in business is measured by growth. Success in Politics is measured by being elected.

To get elected, both Dems and Reps make concessions to large voting groups – like state workers. State workers are paid well to elect their friends.

25 billion shortfall on a 85 billion in revenue is unsustainable/insane. They have kicked the can down the road for too long.

The current system can’t succeed, and can’t change.

[bubba99]

Success in government as in business is measured by growth. Success in Politics is measured by being elected.

To get elected, both Dems and Reps make concessions to large voting groups – like state workers. State workers are paid well to elect their friends.

25 billion shortfall on a 85 billion in revenue is unsustainable/insane. They have kicked the can down the road for too long.

The current system can’t succeed, and can’t change.

[bubba99]

Success in government as in business is measured by growth. Success in Politics is measured by being elected.

To get elected, both Dems and Reps make concessions to large voting groups – like state workers. State workers are paid well to elect their friends.

25 billion shortfall on a 85 billion in revenue is unsustainable/insane. They have kicked the can down the road for too long.

The current system can’t succeed, and can’t change.

[bubba99]

Success in government as in business is measured by growth. Success in Politics is measured by being elected.

To get elected, both Dems and Reps make concessions to large voting groups – like state workers. State workers are paid well to elect their friends.

25 billion shortfall on a 85 billion in revenue is unsustainable/insane. They have kicked the can down the road for too long.

The current system can’t succeed, and can’t change.

[bubba99]

OK genius, why might it be right for the wrong reasons?

Here is an article from blumberg about bank treasury purchases – more than nothing

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFJpn5iE_vVc

Here is another an interesting article about the banks being the first wave in the calapse of the Treasury market.

At least I am not alone in “my lack of understanding of the subject”

http://gonzalolira.blogspot.com/2010/08/how-hyperinflation-will-happen.html?source=patrick.net#navbar-iframe

The applicable text being “So the TBTF banks, on seeing this run on Treasuries, will add to the panic by acting in their own best interests: They will be among the first to step off Treasuries. They will be the bleeding edge of the wave. Here the panic phase of the event begins: Asset managers—on seeing this massive Fed buy of Treasuries, and the American Zombies selling Treasuries, all of this happening within days of a largish Treasury auction—will dump their own Treasuries en masse.”

[bubba99]

OK genius, why might it be right for the wrong reasons?

Here is an article from blumberg about bank treasury purchases – more than nothing

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFJpn5iE_vVc

Here is another an interesting article about the banks being the first wave in the calapse of the Treasury market.

At least I am not alone in “my lack of understanding of the subject”

http://gonzalolira.blogspot.com/2010/08/how-hyperinflation-will-happen.html?source=patrick.net#navbar-iframe

The applicable text being “So the TBTF banks, on seeing this run on Treasuries, will add to the panic by acting in their own best interests: They will be among the first to step off Treasuries. They will be the bleeding edge of the wave. Here the panic phase of the event begins: Asset managers—on seeing this massive Fed buy of Treasuries, and the American Zombies selling Treasuries, all of this happening within days of a largish Treasury auction—will dump their own Treasuries en masse.”

[Author]

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