Showing posts with label Defecit. Show all posts
Showing posts with label Defecit. Show all posts

Monday, February 4, 2008

Sci-Fi Toys for War-Mongering Boys

Today, Bush-Whacked amBushed the USA with his new $3.1 Trillion Gazzillion budget.

Included in this Magnus Opus of Keynesian-Tomorrow-is-Another-Day-Defecit-Spending Budget, is a proposed increase in Defense Spending of 7%, to $515 Billion (16.5% of the fricken budget!!!).

Now, to me, that sounds like preperation for a pre-meditated war against someone. (And the further devaluation of the Dollar and an increase in Gold/Oil prices)

And don't forget, that waiting in the wings are the two warmongers, Osama Obama and John McCainiac, who I'm sure are wringing their grubby little paws to fill the seat of the Master and Commander.

Part of their anticipation, I'm sure, is to gain control of the game console, War-Station 2, with the $515 Billion being spent to create Sci-Fi WMDs. For instance, the Navy is Testing an Incredible new Sci-Fi Weapon, using electromagnetic energy instead of explosive chemical propellants to fire a projectile farther and faster. (apparently electromagnetic energy will prevent "blowback")

The railgun, as it is called, will ultimately fire a projectile more than 230 miles (370 kilometers) with a muzzle velocity seven times the speed of sound (Mach 7) and a velocity of Mach 5 at impact. The railgun has been a featured weapon in many science fiction universes, such as the new "Battlestar Galactic" series.

The Navy's motivation? Simple destruction.

The railgun's high-velocity projectile will destroy targets with sheer kinetic energy rather than with conventional explosives.

I suggest they change the term of "railgun" to that of the "Psycho-Kinetic WMD"

Tuesday, January 29, 2008

Inflation Warning

The Financial Times reports the following story:

IMF head in shock fiscal warning

The intensifying credit crunch is so severe that lower interest rates alone will not be enough “to get out of the turmoil we are in”, Dominique Strauss-Kahn, the managing director of the International Monetary Fund, warned at the weekend.

In a dramatic volte face for an international body that as recently as the autumn called for “continued fiscal consolidation” in the US, Dominique Strauss-Kahn, the new IMF head, gave a green light for the proposed US fiscal stimulus package and called for other countries to follow suit. “I don’t think we would get rid of the crisis with just monetary tools,” he said, adding “a new fiscal policy is probably today an accurate way to answer the crisis”.


My comment: The "shocking" part for me in this article is that the IMF MD is calling for defecit spending, interest rate cuts and more monetary inflation. This is what got the global economic landscape into the trouble it is in today! Watch your local Central Bank for rate cuts when it is actually supposed to be increasing rates. Deja vu anyone?

It's like a Doctor prescribing IcyHot/Deep Heat for Jock-Itch !