Abstract: Krugman of the NYT displays his fear that the looming ‘California Effect’ may actually solve some budgetary problems by the laying off of phony and superfluous jobholders in the various governments  and forcing illegal aliens to go without healthcare thus forcing them to  slink back across the borders. They may not get their bailout monies that would allow them to spend and spend and spend. The eternal quest for taxes is paramount here and is duly acknowledged in this current propaganda piece by our esteemed author that the unrestrained  ability to tax and spend may be in jeopardy. He also fears that this may spread to most of the rest of the US thus crushing the socialist dream starting in 2010.

Preamble:

The New York Times—aka the Walter Duranty Papers [1]--has a narrow set of political goals for their paper [as long as it lasts as they are close to bankruptcy] and this slender list consists of: [1] apologizing for Communism, [2] propping up frauds and foaming losers like Al Gore [the new Lysenko[2]  as 21,000 of us, all scientists refute this crap.[3][4]] and his phony EcoNazism[5] or [3] celebrating AIDS and [4] hatching new lies about economics so as to engorge leftist government with honest taxpayer’s money.  Today, we revisit the tautological ensemble of emotional jibes and wishful thoughts on the sour outlook for the financial future of California. Krugman, as always, suggests more and more taxes.

We can bet the farm and get great odds from cynics[6] that Paul Krugman will always argue for a tax hike [no matter what the issue] and blame Republicans. This can be easily proved if we pick just any old soiled copy of the New York Times that prints one of his screeds. I cannot locate a single article of his in the Walter Duranty Hall of Fame that talks about tax cuts in other than a desultory manner.  He honks and toots big government, big spending and big taxes in nearly every paragraph. So, starting with a given, cast in solid stone, we know that he is going to suggest more ways to grunt and grab out money in not only the socially desecrated Golden State but also our federal government. 

So, we will look for a bit of substance on this one and see if our esteemed Nobel Laureate deviates from his stogy position of emotion and socialistic tendencies.

“California, it has long been claimed, is where the future happens first. But is that still true? If it is, God help America.”[7]-- State of Paralysis by Paul Krugman Op-Ed Columnist

Published: May 24, 2009 [Emphasis is mine in all quotes]

Here is a not-so-veiled plea for money for the US taxpayers to bail out California. We wonder where blame will be placed on this issue? The fed may not bail out CA. [8] This is not the kind of news a socialist likes to read.

“What’s really alarming about California, however, is the political system’s inability to rise to the occasion.”—Krugman May 24, 2009

Here is the catch, translated by omitting the phallic innuendo: It is the inability to wildly tax that bothers the sordid left. Here, the sickly nostrum that taxation can bring wealth and prosperity to some place like California is touted and tooted even though high taxation has ruined New York State, New Jersey and Maryland who have no such constraints on taxation as California’s Prop 13. We can wonder why there is a difference. Why is New York in trouble? Why not just hike taxes?? California just rejected a load of phony tax issues.[9] Hopefully, New York will double or triple its taxes and show us just how this trick works.

“California has immense human and financial resources. It should not be in fiscal crisis; it should not be on the verge of cutting essential public services and denying health coverage to almost a million children. But it is — and you have to wonder if California’s political paralysis foreshadows the future of the nation as a whole.”--Krugman May 24, 2009

Here, fear is implanted in the hearts and other organs of the readers with the implication that if we cannot hike taxes we will crash as a society. Conveniently missing, as always in Krugman’s little propaganda pieces, is the central issue of  debt burden, exacerbated, lately, by  the looming AAA bond rating of the US which now is in jeopardy of being downgraded to junk status[10] and  his little piece also lacks some reasonable explanation in economic terms of just how we pay off that debt.[11] Here, we see the mirror image of Krugman in the faces and mentality of the Sacramento parasites that squat upon the legislative seats in a fog of marijuana fumes and groan for more taxes. Spending is not mentioned?

The blame is placed: “The seeds of California’s current crisis were planted more than 30 years ago, when voters overwhelmingly passed Proposition 13,…”-- Krugman May 24, 2009

The lament:

“Even more important, however, Proposition 13 made it extremely hard to raise taxes, even in emergencies: no state tax rate may be increased without a two-thirds majority in both houses of the State Legislature. And this provision has interacted disastrously with state political trends.”-- Krugman May 24, 2009

“Will the same thing happen to the nation as a whole?”-- Krugman May 24, 2009

We should hope so. California is burdened by a wild pack of drug addicts and perverts who haunt the Assembly. It is also besotted by some 5-10 million illegal aliens who vote and mooch off the health care system and crime runs rampant in what were formally known as cities with crack dealers and other vermin. California is now cutting health care for illegal aliens and the liberals are starting to howl.[12] California is paying more than 10.5 billion per year to their aliens.[13]

We should not forget that the parasites who commit numerous crimes to get here and get jobs and then not pay state and federal taxes are a great asset to Democrats as they can vote in California. They also can swell and bloat the census rolls and expand California’s number of representatives to the House. This is all good liberal politics.

Now, we get to the debt question!

“Last week Bill Gross of Pimco, the giant bond fund, warned that the U.S. government may lose its AAA debt rating in a few years, thanks to the trillions it’s spending to rescue the economy and the banks. Is that a real possibility?”

“Well, in a rational world Mr. Gross’s warning would make no sense. America’s projected deficits may sound large, yet it would take only a modest tax increase to cover the expected rise in interest payments — and right now American taxes are well below those in most other wealthy countries. The fiscal consequences of the current crisis, in other words, should be manageable.”—who else?

Here we have it. In a ‘rational world’ only the interest need be addressed and we can, and are now, just printing money to pay for that.  What Krugman is alluding to here is places like Sweden, shining examples of socialism [but they lost their AAA rating in about 1990 didn’t they? So did Canada!!] who has some 70% marginal tax rates. That means we could suck out maybe another 5-7 trillion dollars in taxes to match the Peace- loving Swedes.[14] Our currency is in severe danger.[15]

Well, why not just raise taxes?? That is always the leftist solution.

“To be blunt: recent events suggest that the Republican Party has been driven mad by lack of power. The few remaining moderates have been defeated, have fled, or are being driven out. What’s left is a party whose national committee has just passed a resolution solemnly declaring that Democrats are “dedicated to restructuring American society along socialist ideals,” and released a video comparing Speaker of the House Nancy Pelosi to Puzzy Galore.”-- Krugman May 24, 2009

Apparently the Democrats were calm and collected as they railed against Bush for 8 years. No spite here? Plugs[16] the Buffoon[17]never got mad!

“But the California precedent still has me rattled. Who would have thought that America’s largest state, a state whose economy is larger than that of all but a few nations, could so easily become a banana republic.”

I compared Nancy Pelosi to Spartacus [18][in honor of the Marxist heroine Rosa Luxemburg] the former chair of the Marxist Progressive Caucus[19] or Congress' Red Army caucus[20] who, incidentally, personally approved the spending of every dime in the last three budgets. We must blame Bush for the spending! We must also blame Bush for an ‘illegal war[21]’ and torture.[22] The Republicans are off base on this one. Pelosi is a vieille sorcière vilaine sans talents[23]—she has none of the admirable attributes of Ms. Galore real or imaginary.

This prattle is all preemptory. What Krugman fears is the coming backlash against Obama and his socialist hordes that are on some wild spending binge and will certainly debase our currency before his term is up. 2010 marks a milestone where the voters who ‘wanted change’ approve or disapprove of this leftist parasite. Our unemployment level may exceed 15% by election time in 2010 and the Krugmaniacal fear that Republicans may grab control of either the House or the Senate [or both] fevers his little mind.

Obama cannot continue to blame Bush or say he ‘inherited the problem’ for very long. His promises to claw back 3 million jobs and his fine work in destroying Detroit and driving away bondholders will be remembered. He now props up some 19 Zombie Banks[24] that have no substance other than some TARP money posted magically on their balance sheets to give us the illusion that they are solvent. He will be held responsible for his promises by independents sometime in the future so he has to have something to show other than failure. He is stuck in some kind of campaign mode and has shown nothing of substance in leadership. The independents voted in this turkey.

The economy is in a mess and our debt level is crushing the society. Perhaps we can take a lesson from California or the UK, or both, as they will show us some new tricks in debt management before long.  If the feds do not bail out CA, then the spectacle will unfold and the gratuitous jobs held by dozens of thousands of leftists in California will be lost. That will balance the budget. [25]If a few million illegal aliens slink back across the border then we can look at the cost savings of that issue.

If they cut phony jobs and kick out some political parasites in California and they manage to return to some form of financial normalcy then this becomes a threat to the left.  Californians can achieve great things if they can kick several drooling monkeys off their backs.

We shall see soon.

rycK [a 5^th generation Californian in exile]

Comments to: ryckki@gmail.com