The Armchair Intelligentsia Blog

I'm taking a little break from postings i'll still be sharing stuff everyone once in a while but at least for now it won't be daily

  
President Obama -Our worst president ever- Combining the worst of W and the worst of Socialism
  • How Congress Will Steal the Recovery
  • Obama's Doctor Knocks ObamaCare- 6/19
  • Obama invokes Jesus more than Bush- 6/10
  • The Roots Of Liberalism- 6/05
  • Is Obama Another Jimmy Carter?- 5/26
  • Obama's Deeds Vindicate Bush- 5/22
  • President Obama's troubling mantra: In debt, we trust - 5/15
  • Unions vs. Taxpayers - 5/14
  • US to borrow 46 cents for every dollar spent - 5/12
  • Quick fix today, crisis tomorrow in Obama's White House - 5/12
  • Obama's First Debacle? - 5/04
  • Obama's Liberal Arrogance Will Be His Undoing - 4/29
  • Obama more popular than his policies, poll shows - 4/27
  • Obama: The Grand Strategy - 4/24
  • High Unemployment States Have High Income Taxes or High Unionization or Both. - 4/22
  • The Case for a Federalism Amendment - 4/23
  • A World Of Trouble For Obama - 4/20
  • President of Everything - 4/17
  • The fiscal hole that must be filled - 4/05
  • Dem hypocrisy will come back to haunt - 3/18
  • The Obushma Spending Record - 3/17
  • Obama's policies have made the recession worse - 3/11
  • The Liberaltarian Jackalope - 3/11
  • The Sleight of Hand Behind Obama's Agenda - 3/06
  • The budget reveals the liberal Obama - 3/01
  • Back to Carter - 2/22
  • The ‘Liberaltarianist’ Folly - 2/20
  • Obama Worship and the Herd Mentality - 2/13
  • The Return of Welfare As We Knew It - 2/10
  • The Bushification of Barack Obama - 1/28
  • Obama's Middle East challenge - 1/28
  • Going Dopey On Infrastructure - 1/23
  • U.S. Congress World's Top Risk in 2009 - 1/12
  • Identity Crisis - 1/07
  • The Population and the Popular Vote - 12/01
  • Dems vs. Dems in new Congress - 11/25
  • Obama wrestles with Guantanamo problem - 11/11
  • Reckless Georgia - 11/11
  • The future under President Obama - 11/10
  • Will Barack Obama be another Bill Clinton? - 11/10
  • Schwarzenegger urges GOP to move beyond ideology - 11/10
  • Who Is the Working Class, Anyway? - 4/14
  • US election diary: The race card
  • Luke Skywalker v Darth Vader
  • The Inconvenient Truths of 2008
  • Change is coming -- to your tax bill
  • Obama the Messiah of Generation Narcissism
    		•
    Special Reports - My Spin
  • Lebanon: One Year On
  • Stalin, Mao And … Ahmadinejad?
  • House OK's Irap Pullout Deadline
  • Libertarians emerge as a force
  • A Military That Reflects the Red-Blue Divide?
  • When did the Republicans give up on their principles?
  • How to move faster than the speed of light
  • Don't bring gender into the debate
  • Sheehan resumes war protest near Bush's ranch (bitch)
  • The end of cowboy diplomacy - Why the 'Bush Doctrine' no longer works for Bush administration
  • Israel accuses Hamas of 'terror escalation' after school attack.
  • Can Daily Kos Control Dems? - Or should they even try
  • Illegal Status Hinders Mexican Voting Bloc
  • Reaction to Court Ruling Over Guantanamo
  • Flagwavers - a fable
  • Bush Condemns Report on Bank Records
  • Jon Stewart, Enemy of Democracy?
  • It's Time to Leave--RIGHT NOW (I don't think so but thats just me)
  • Are Conservative Republicans Now America's Permanent Ruling Class?
  • White Guilt, Deciphered
  • European Nations May Give Iran a Reactor
  • 4th Generation Warfare
    		•
    Important Reports/Stories
  • How the Fed Works
  • How Congress Will Steal the Recovery
  • How to Prepare for the End of Social Security
  • “Conservatives” Are Single-Largest Ideological Group
  • The Straw Men of Social Security
  • What is Driving Rising Healthcare Costs?
  • Who Controls the Internet?
  • Is The U.S. Government Too Big To Fail?
  • Financial Health of Social Security, Medicare Worsens in Past Year
  • US to borrow 46 cents for every dollar spent
  • GM Bankruptcy Probable as Obama Shields UAW Benefits
  • Worries Rise on the Size of U.S. Debt
  • the joe the plumberization of the gop
  • What is nationalization?
  • The Solution to the State Fiscal Crisis: A Five Year Balanced Budget?
  • Trillion-Dollar Spree Is Road to Ruin, Not Rally
  • Political Change Haven’t Shifted Public’s Ideology Balance
  • GM's Plan: Subsidize Our 48-Year-Old Retirees
  • The Trouble with Canadian Healthcare
  • Welfare Reform, Phase Two
  • A Short History of the National Debt
  • Bailouts: The Ultimate Double Standard
  • The Libertarian Moment
  • Making the rich poorer doesn't make everyone else richer
  • Paying the price for cotton
  • The Putin Doctrine
  • Our weakening country
  • Why terror thrives
  • Our Broken Senate
  • Will gay rights trample religious freedom?
  • Scientists From Around the Globe Join ABC News in a Forum on Surviving the Century
  • Moving Toward Energy Rationing
  • Parenting The Palestinians
  • The Coming Tax Bomb
  • Americans and Europeans on religion, happiness, government, and war
  • Democrats and the Economy
  • How to Tackle the Entitlement Crisis
  • Democrats and Our Enemies
  • Bill Clinton, the one-man steamroller
  • What’s Left for Government to Do?
  • Saying No to CoerciveCare
  • Bashing NAFTA misses real reason for factory job losses
  • Crisis Intervention in Housing Finance
  • Culture of Success
  • The Costs of Crime
  • Why Radical Islam Just Won’t Die
  • The AIDS Conspiracy Handbook
  • That Old Isolationist Tug
  • Competition and free trade key to prosperity
  • Let's Get America Booming Again
  • Vacationing in Hugo Chávez's Bolivarian Paradise
  • Scotland Yard: Bomb blast killed Bhutto
  • Present at the Destruction
  • The Whys of Spies
  • What’s Left for Government to Do?
  • You Said What? A happy history of lies and propaganda
  • An Open Letter to America's Rich People
  • It’s the Partisan Economy, Stupid
  • If Huckabee Is Dean, Who Is Kerry?
  • The Mother of All Elections
  • How the Private Sector Can Improve K-12 Education
  • Misreading the Iran Report
  • Plan B For Pelosi And Reid
  • Good news from Iraq
  • Is the U.S. Corporate Tax in the Laffer Zone?
  • High income taxes in Denmark worsen a labor shortage
  • Race, IQ and Education
  • World not running out of oil, say experts
  • The World's Biggest Industry
  • Peak Oil Again?Is "social meltdown" imminent?
  • Crime, Drugs, Welfare—and Other Good News
  • The Past, Present, and Future of Neoconservatism
  • The Trouble with Taxing the Young
  • Wealth and Nations
  • A Nation of Christians Is Not a Christian Nation
  • African Conflicts Cost Billions
  • Libertarians Rising
  • The US is a great place to be anti-American
  • Bush not the only problem
  • Showtime for Sarkozy
  • Making Sense of Income Inequality
  • The Health of the Nation: State By State
  • Government and Health Care: The Good, The Bad, and the Ugly
  • David vs. Goliath - Welfare Reform
  • John R. Bolton - The Flaws In the Iran Report
  • Murdoch Is No Threat to Democracy, but Media Protectionism
  • The Allure of Tyranny
  • Putin's Reaganesque Victory
  • Knight's Move
  • Chavez revolution takes hit in election
  • Flat tax for middle class
  • No Money, No Justice
  • Crime, Drugs, Welfare—and Other Good News
  • Why not give cell phones to students for doing well in school?
  • What Makes a Terrorist
  • The Free Clinic Movement
  • Why actors and models love to hang out with Hugo Chávez
  • Stop 'Making a Difference'
  • The War Was Right, the President Was Wrong
  • What are 'Hollywood values'?
  • Sarkozy ready to battle the workers
  • The History of the Chinese Government
  • What Makes a Democrat or Republican?
  • Abortion: A Legal or Political Issue?
  • Key Dates in Iraq War
  • Why they should stay
  • MoveOn's McCarthy moment
  • Why It’s So Hard to Win
  • Osama's Vision of the Future
  • The Foreign Policy Similarities Between Ancient Rome and Modern America
  • The Partitioning of Iraq
  • America agonises over the pitfalls of staying in Iraq—and of leaving
  • The reality of Iraq's many armies
  • The Many Enemies of George Bush
  • The Decline and Fall of Declinism
  • Which Iraq War Do You Want To End?
  • Who Lost Iraq?
  • Reforming France's Welfare State
  • The United States Patriot Act
  • Events Leading to the Second Persian Gulf War in Iraq
  • To save America, we need another 9/11
  • Imbalance: The U.S. Supreme Court, Its History, Power, and Proper Role
  • The Pros and Cons of Government Run Education
  • Social Crisis: Impending Disaster for Social Security and How We Can Fix It
  • Private Sector Healthcare Can Also Be 'Universal'
  • Is 2008 a Change Election?
  • If the Democrats want to fire Alberto Gonzales, why give him massive new eavesdropping powers?
  • Why Do They Hate Us?
  • Sicko’s Box Office Numbers are Fuzzy, Too
  • The Universal Distraction
  • How to Get Ron Paul Elected as Republican Presidential Candidate
  • The Free Vermont Secessionist Movement - A Counterpoint
  • The Left's "Inequality" Obsession
  • The Truth About America's Schools
  • Myths and Realities of the George Bush Presidency
  • The epic narcissism of Cindy Sheehan
  • The Ironic Collapse of John McCain
  • Fair Taxes? Depends What You Mean by ‘Fair’
  • Wall Street Populism
  • Where Michael Moore is Wrong
  • Bin Laden’s 1998 Atomic Message & the Necon Dream
  • Libertarians and the War
  • The New York Times Surrenders
  • The Most Controversial Presidential Pardons Ever
  • Freedom and Benevolence Go Together
  • Blissfully Uneducated
  • The New Myths About Inequality
  • Bush: Naturally, Never Wrong
  • Court Dismisses Lawsuit Against U.S. Wiretapping
  • Bush's Flawed Historical Vision
  • Grand Strategy for a Divided America
  • Osama Bin Missing: Who's Tried Hardest to Tackle Top Terrorist?
  • The rise and rise of Hamas
  • 'What If...'
  • Democrats vs Republicans
  • Protecting Your Paycheck
  • Separatist graduations proliferate at UCLA
  • The Age of Cynicism
  • The GOP's Fading Populism
  • Free Speech and Double Standard
  • Unfairenheit 9/11
  • Another Supply-Side Revolution Is Needed
  • Despotic Populism Is On the March
  • Evolution and religion
  • Schools and race-Still separate after all these years
  • Lazy, Job-Stealing Immigrants?
  • The Return of the Idiot
  • Your War, Not Mine
  • Are the Democrats and Bushies playing good cop/bad cop with the Iraqis?
  • Decline and fall of the neocons
  • Pretty bad – but not Jimmy Carter bad
  • The U.S. Seen Through Muslim Eyes
  • Decline and fall of the neocons
  • Seeds of Intellectual Destruction
  • Race Through a Liberal Lens
  • The neocons have finished what the Vietcong started
  • The (Not So) Infallible
  • Republicans of '94 revolution reflect on '06
  • Beyond Hegemony
  • ISG Prescribes Vietnam All Over Again
  • In class war, all lose: Yet it’s all Dems offer
  • Why is it always about Israel?
  • Even If We Leave Now, We'll Be Back
  • Calming an anxious middle class
  • What Comes After the Retreat
  • Doctors turn to aborted fetus to save boy's life
  • Get rid of the labels
  • Olmert's apparent nuclear admission
  • The Madness of Jimmy Carter
  • Counternarratives and the Grunt
  • Al Qaeda for the Good Guys: The Road to Anti-Qaeda
  • When the Media's Right
  • Humanitarian aid: winning the terror war
  • Hitler's Mideast helpers
  • The Peace Party vs. the Power Party
  • Iraq stops Bush from staging Reagan-style revival
  • The myth of the big bad drug companies
  • The Looming Regional Mideast War
  • The world may slowly be turning into the Land of China
  • Lessons From the Class Of '48: Ambition, Comity
  • What the Dictators Can't Stop
  • While You Were at War . . .
  • Only stupid, sadistic dictators hang… and Saddam was both
  • What the Real-Wage Pessimists Are Missing
  • The Fight for the Latin Left's Soul
  • Iraq's Natural State
  • Why Be a Conservative Libertarian?
  • The Knee-Jerk Opposition
  • Cafeteria Catholicism and the Minimum Wage
  • How Baby Boomers Are Robbing Our Grandchildren
  • Reaganism Cannot Define Conservatism
  • What Scares Iran’s Mullahs?
  • Why the U.S. Can't Win Iraq's Civil War
  • Religion, Government, and Civil Society
  • Iran Will Regret Its Nuke Program; Here's How
  • Hayek and Fusionism
  • Bush's "Nixon to China" Moment
  • The Leadership of George W. Bush: Con & Pro
  • A Short History of Health Care
  • The Left Still Doesn't Get It -- Even After KSM Confession
  • Slavery apologies debated across U.S.
  • Slouching Toward Socialized Medicine?
  • 2008: The Battle for a Generation
  • In a year of sanctions, international aid to Palestinians grew to more than $1.2 billion
  • The New Uncontrollable Campaign
  • Getting right with the Right isn't always wrong!
  • Libertarians' silver lining
  • Who Pays America's Tax Burden, and Who Gets the Most Government Spending?
  • Anger Is All The Rage
  • Illegal immigrants filing taxes more than ever
  • The Coming Party Realignment
  • The Rich and the Rest
  • Senate committee takes steps to improve accountability for “pork barrel spending”
  • Edwards & the Arrogance of the Entitled
  • The 10 worst jobs in America
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    Why the federal deficit will raise taxes
    Monday, August 31, 2009
    By Jeanne Sahadi

    A $9 trillion federal deficit over 10 years may be too hard to comprehend. But this part is easy: Such unwieldy amounts of debt could have an impact on Americans' bottom line one way or the other -- if not tomorrow, then the day after.

    The U.S. government has been spending a great deal more than it has been taking in, and it is on track to do so well beyond the next 10 years. It has been borrowing money to make all that spending possible and it has to pay the money back with interest. How, you ask? By borrowing more.

    The solution is straightforward if unpleasant: Shy of finding a fairy willing to leave trillions under Uncle Sam's pillow, lawmakers will have to raise taxes and cut spending.

    The more the country lives on a credit card, the more it makes itself beholden to the demands of its creditors -- many of which are overseas. The danger is that buyers of U.S. debt could become concerned that the country is running too high a balance. If so, they will demand higher interest rates -- thereby making the country's debt problem worse -- or they'll put their money elsewhere.

    At that point, things would get ugly.

    "Taxes would rise to levels that would make a Scandinavian revolt. And the government would not be able to provide anything but the most basic public services. We would no longer be a great power (or even a mediocre one), and the social safety net would evaporate," tax policy expert and Syracuse University professor Len Burman wrote in a recent op-ed cheerfully titled "Catastrophic Budget Failure."

    That's why acting sooner rather than later makes sense. But acting too soon could cause its own set of problems since the economy is only beginning to lick its wounds from a punishing recession.

    Economists and tax experts, no matter their ideological position, agree raising taxes when the economy is down is self-defeating.

    But as the economy finds a solid footing, the hard choices will have to be made.

    more...
    posted by citizen jerk @ 7:50 AM  
    16 Comments:
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  • 4 Ways to Ride Oil's Ups and Downs
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  • Why Does Gasoline Cost So Much?
  • The Good News About Energy
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