Friday pussy and the liar

Okay I know it's disrespectful to the feline set to lump them in with politicians. Cats are about as straightforward as about any creatures on this earth but this is post debate season at least for the VP nominees. The incumbent came out scratching and clawing while his opponent had that look of a deer in the head lights. And on the debate stage  Biden had the demeanor of a tiger not letting Ryan get away from his distortions. Ryan looked like an amateur to the season veteran. Some memorable moments were when Joe pointed out that Ryan wasn't at meetings with Netanyahu or had even set foot in Afghanistan. On the budget Ryan was like Romney devoid of specifics. And as anyone could see you can't lower taxes on everybody, raise military spending and have no way to pay for it other than gutting all the deductions for the middle class and eliminating nearly all the safety nets. To lower taxes by 20% amounts to 5 trillion dollars anyway you slice it and there aren't enough deductions to cover that. Just the mortgage interest deductions alone wouldn't cover but a tiny fraction of that bill.
 • The 2011 tax expenditure estimate for the MID is $78 billion (Source: JCT) 
MID = mortgage interest deduction

So what would that leave to cut? There's the medical costs deductions, charitable contributions, earned income credit and lastly the child care credit. (Note Romney won't touch the expenses for investments thereby protecting himself and his wealthy friends) But even if you added all that up it wouldn't come close to a balance. It would leave a debt and to add to that debt he wants to build some outlandish military hardware to the tune of nearly $2 trillion that even the military says it doesn't want. Just so you know our military budget on average runs at $500 billion (several hundred billion larger now due to the wars) and we have a military that's larger than all the worlds' combined minus China and Russia.

Lastly there's the issue of abortion and birth control. Ryan stated that he would leave that up to government. In other words should legislature fall into the hands of republicans then a woman's right to dictate about her own body would be done by the government. Ryan by the way still stands by an idea that there are different types of rape. Even though he stated that there should be exceptions for rape or risk to life, the republican platform states otherwise. It does indeed have a personhood provision and would therefore make all abortions and some forms of birth control illegal. So it would be back to back alley abortions and internet birth control for those that could afford it.

But in all these debates nobody's talked about or even said a one word about the liars who tanked the economy in the first place. The bankers who made liar loans profited from the process and then got bailed out giving themselves yet another bonus.
                                                  
Bank fails and parking lot index later.
UPDATE: No banks have failed this week but in the last two years 135 banks have failed. Need to update the parking lot index formula as so many have left the area in the past two weeks.