The Isolated Blurt Thread XXIX: No Whining

[JohnnySavage]

I have enough hot peppers ripe to start canning today. Probably also have enough cukes to make a gallon of pickles.

 

[IrezumiKiss]

Impermanent are all component things,
They arise and cease, that is their nature:
They come into being and pass away,
Release from them is bliss supreme.

— Mahaa-Parinibbaana Sutta (DN 16)/"The Law Of Impermanence"

 

[Conager]

I'm hoping to hand the little bastards $50 trillion in debt, no oil, and flooded coastal cities!!!

If you could manage a trick like that your name would be spoken of with reverence for generations to come. As it stands right now if you confiscated every asset in the United States small business corporations and personal assets and use those to pay down the unfunded liabilities we would still be left with $861,000 per taxpayer.

Even after using every dime that we collectively have to pay down the liabilites right now we would still have twice the amount that you're talking about.

http://www.usdebtclock.org/

 

[JohnnySavage]

If you could manage a trick like that your name would be spoken of with reverence for generations to come. As it stands right now if you confiscated every asset in the United States small business corporations and personal assets and use those to pay down the unfunded liabilities we would still be left with $861,000 per taxpayer.

Even after using every dime that we collectively have to pay down the liabilites right now we would still have twice the amount that you're talking about.

http://www.usdebtclock.org/

Not to destroy the levity of my morning postings; but, doom and gloomers only ever look at one side of the balance sheet. Why compare private assets with public debt? The public assets are fairy substantial.

 

[Conager]

Not to destroy the levity of my morning postings; but, doom and gloomers only ever look at one side of the balance sheet. Why compare private assets with public debt? The public assets are fairy substantial.

Valid. Do you see us liquidating anything, ever?

The assets we do have that have income streams are already accounted for. Things like oil and gas leases, mineral rights that sort of thing.

The value of anything is nothing more than the capitalization of its income stream.

Now I happen to agree that the value of a lot of National Assets would increased dramatically if they were in private hands because they would be utilized in a different manner. Not necessarily better but certainly more profitable.

 

[trysail]

I'm hoping to hand the little bastards $50 trillion in debt...

Your government has already done the job.

​

If you could manage a trick like that your name would be spoken of with reverence for generations to come. As it stands right now if you confiscated every asset in the United States small business corporations and personal assets and use those to pay down the unfunded liabilities we would still be left with $861,000 per taxpayer.

Even after using every dime that we collectively have to pay down the liabilites right now we would still have twice the amount that you're talking about.

http://www.usdebtclock.org/

☝

★★★★★

​

Not to destroy the levity of my morning postings; but, doom and gloomers only ever look at one side of the balance sheet. Why compare private assets with public debt? The public assets are fairy substantial.

How do you expect the public assets to be monetized if private assets are ALREADY overwhelmed by public debt?



​

 

[Saint Peter]

For sale: Yellowstone National Park

Complete with Yogi, Booboo, and for a limited time we will toss in Jackson Hole to sweeten the pot. Do not worry about the hot lava dome. It is just a pimple!

Interested parties should contact the Chinese government.

 

[Conager]

But a very much more important question is what sort of recipe are you using for your pickled peppers? Did you pick a pickled pepper recipe that is basically just dill pickles without the dill and peppers thrown in or is there some other methodology you are using?

 

[JohnnySavage]

Valid. Do you see us liquidating anything, ever?

The assets we do have that have income streams are already accounted for. Things like oil and gas leases, mineral rights that sort of thing.

The value of anything is nothing more than the capitalization of its income stream.

Now I happen to agree that the value of a lot of National Assets would increased dramatically if they were in private hands because they would be utilized in a different manner. Not necessarily better but certainly more profitable.

That's not the point. You are using GAAP accounting terms with respect to government accounting, but only looking at half of the picture to make the liabilities seem bad. Be honest in your use of GAAP - which doesn't even apply to government accounting.

 

[JohnnySavage]

But a very much more important question is what sort of recipe are you using for your pickled peppers? Did you pick a pickled pepper recipe that is basically just dill pickles without the dill and peppers thrown in or is there some other methodology you are using?

Stuff the jar with sliced peppers. Add salt, half vinegar and half water. Pressure cook for 15 minutes.

Dill, cold processed.

 

[Bookishleigh]

I keep a bottle of peppermint essential oil in my bag for headaches. It does have medicinal properties.

I use it for the same. I also put a couple drops in my bath with some Epsom salt when I'm sore (or just need a pick me up). I hoard peppermint and lavender.

 

[Conager]

That's not the point. You are using GAAP accounting terms with respect to government accounting, but only looking at half of the picture to make the liabilities seem bad. Be honest in your use of GAAP - which doesn't even apply to government accounting.

Just because the government doesn't look over the government's shoulders and make the government use generally accepted accounting principles you have to use some sort of accounting 2 in some way calculate what your liabilities are going to be in the future. Those are actual dollars that are actually going to need to be paid out because math.

this is not the sort of accounting where you set aside a certain amount of money now because you need to create a sinking fund to pay for future liabilities we aren't assuming that the government's investing anything at any rate of return. There is no money to invest at any rate of return all we have are actual known future expenses and reasonable guesses as to what the future income stream might be. they don't balance to the tune of something like two hundred trillion dollars unless of course we suddenly have a huge baby boom and all those new children find something productive to do and they make a lot of money and they pay a lot of taxes then of course the problem goes away.

 

[Conager]

I use it for the same. I also put a couple drops in my bath with some Epsom salt when I'm sore (or just need a pick me up). I hoard peppermint and lavender.

I put a couple of drops on the tip of my dick in case my date ends up having a headache by the end of the evening.

 

[Conager]

Stuff the jar with sliced peppers. Add salt, half vinegar and half water. Pressure cook for 15 minutes.

Dill, cold processed.

I have to look up the recipe for the last time that I got dill pickles to work for me that seems like an awful lot of vinegar but maybe that's about right. I tried a cold fermenting process with dill pickles and salt. I ended up with was soggy cucumbers that tasted really bad when I took a nibble.

I used to make pickles with the Elder mrs. Conniger when I was but a wee lad and it seem like the same sort of thing would happen sometimes they come out great and sometimes they would just end up soggy and I don't know what the difference is

 

[HarryHill]

Not to destroy the levity of my morning postings; but, doom and gloomers only ever look at one side of the balance sheet. Why compare private assets with public debt? The public assets are fairy substantial.

good for the Fay what about humans?

 

[trysail]

I was always amused by the idiotic incongruity of the dumbass hippies spending their money buying recordings castigating capitalism and calling for revolution.

Meanwhile, Jefferson Airplane, the Beatles and their confreres were laughing all the way to the bank.



​

 

[Conager]

I do hear what you're saying though because anyway you look at this it's not really analogous to for example a corporate pension puzzle which is pretty easy to figure out whether you're going to be able to pay or not pay. The funding is what makes the whole thing different. But I haven't heard if anybody suggesting a non GAAP method of explaining it that comes up with different numbers I haven't seen different numbers what I've heard people say is that those numbers can't be trusted but they don't then turn around and say Here's the way I would do the math.

If there was such a methodology what would you call it? Generally Unaccepted accounting principles? Irregularly rejected accounting principles?

I just think that it's a little bit scary that we don't really have a method for this sort of thing. I have no idea for example if Ron Paul is 100% off his rocker and ithebfed is absolutely just fine. But it's weird to me that not only does it not get audited nobody's allowed to look at the books at all.

But let's say in some parallel universe we do get a look at the books and various people that are nerdy and have calculators take a stab at the numbers and point out that while this looks problematic or that looks problematic. I can already hear the counter argument well you can't really apply generally accepted accounting principles to the Federal Reserve. Don't know if we don't have that but why not?

Maybe there are some good nerdy accounting answers for all of the above. I've just never run into any of them. I don't really like nuh, uh! As a retort.

 

[Bookishleigh]

I put a couple of drops on the tip of my dick in case my date ends up having a headache by the end of the evening.

Interesting....although, I'd make you wear a condom so all medicinal benefits would be null.

At least your dick would smell refreshing.

 

[Conager]

It's all a real pickle.

☆rimshot☆

 

[Conager]

Interesting....although, I'd make you wear a condom so all medicinal benefits would be null.

At least your dick would smell refreshing.

I'd make me wear a condom too. I know where that thing is been

 

[Emerson40]

Penis, sans candy-cane taste.

 

[pointless]

so nbc's olympic website can't tell what time it is. that's super cool. thanks, nbc. you're killing my silly sports boner. i want to watch some silly ass handball, damn you.

 

[Radiohead]

I have enough hot peppers ripe to start canning today. Probably also have enough cukes to make a gallon of pickles.

What make you want to kill innocent Jalapenos?

 

[ElizabethWest]

I use it for the same. I also put a couple drops in my bath with some Epsom salt when I'm sore (or just need a pick me up). I hoard peppermint and lavender.

I have a large bottle of lavender oil and add it to my diffuser at night to help me sleep. Not that it does, but it smells nice.

 

[Conager]

Penis, sans candy-cane taste.

I have a feeling even without peppermint flavoring she'd suck your cock sans prophylactic, just for knowing the proper use of that word.


Great. My new phone is an idiot. It thinks the word is Sam's.

I guess I can forget about the possibility of phone sex.