tag:blogger.com,1999:blog-21297199.post5555971467929775388..comments2024-03-28T06:32:24.557-04:00Comments on The Elephant Bar: "An outrageous Act" of what Mr.President? A "tragic event?", "perpetrators brought to justice"?Deuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-21297199.post-68911627285441070752011-03-04T13:55:59.994-05:002011-03-04T13:55:59.994-05:00South-boundSouth-boundMeLoDyhttps://www.blogger.com/profile/04658982778792168451noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-34620519160878822522011-03-04T12:19:20.880-05:002011-03-04T12:19:20.880-05:00heh heh, no problem Gag.
Yes Rat, I agree a restr...heh heh, no problem Gag.<br /><br />Yes Rat, I agree a restructuring is in order. Increasing revenues AND cutting expenses is a good place to start. Selling some under performing assets would also be advisable but selling off national forests for short term gain doesn't strike me as a prudent policy especially given that politicians will trumpet their balanced budgets based on asset sales which will further dig a structural hole. Liquidation isn't good policy but rather operational cash flows should be more important though even then I'd say short term deficits can be useful. Unfortunately the deficit in bad times followed by pay downs in good times have become (always have been?) deficits all the time.Ashhttps://www.blogger.com/profile/16688752302081088907noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-76409094743133361882011-03-04T12:17:03.148-05:002011-03-04T12:17:03.148-05:00This comment has been removed by the author.Ashhttps://www.blogger.com/profile/16688752302081088907noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-34729016527231633512011-03-04T11:40:37.525-05:002011-03-04T11:40:37.525-05:00Ash, I have never doubted your fiscal aptitude. I...Ash, I have never doubted your fiscal aptitude. It's the other stuff....well, never mind.MOMEhttps://www.blogger.com/profile/18307879234693014691noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-84408250338974972342011-03-04T11:37:45.940-05:002011-03-04T11:37:45.940-05:00The state of the Federal's bankruptcy, ash, is...The state of the Federal's bankruptcy, ash, is more a case of a Chapter 11 type thing, than anything else.<br /><br />A restructuring of the operations combined with a shedding of assets/liabilities, depending upon one's perspective of value of the Pontiac brand name.<br /><br />The Federal Government is in dire need of restructuring. <br />It's priorities are askew.<br />It's power needing, in need of being restrained.<br /><br />It has done a poor job of managing the assets it has acquired, a majority of those assets should be privatized, taken from the Federal Socialists and brought to the Capitalist Way.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-49218760021978040642011-03-04T11:36:46.888-05:002011-03-04T11:36:46.888-05:00Well Gag, I'm glad you are not totally blinded...Well Gag, I'm glad you are not totally blinded by your ideology.Ashhttps://www.blogger.com/profile/16688752302081088907noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-55405173818994757952011-03-04T11:32:01.098-05:002011-03-04T11:32:01.098-05:00Wow, Ash. That's like the 2nd time in two year...Wow, Ash. That's like the 2nd time in two years?? I have agreed with you?<br /><br />I need to check my pulse.MOMEhttps://www.blogger.com/profile/18307879234693014691noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-29422986312665850782011-03-04T10:56:13.830-05:002011-03-04T10:56:13.830-05:00If a company goes bankrupt they are deemed financi...If a company goes bankrupt they are deemed financially insolvent - their assets are less then their liabilities. The company is wound down and the debtors 'take a haircut'. Sometimes a new entity emerges from a bankruptcy but it is a new entity.<br /><br />I don't believe GM went bankrupt. They did seek protection under Chapter 11 which is a different kettle of fish.<br /><br />In short the government is not bankrupt. They may choose to default on their debts but they have many assets - the taxpayers being one big one.<br /><br />This meme of selling off assets to covering operating shortfalls is, in my opinion, mainly an excuse for politicians to feign fiscal prudence when in reality they are not address the structural problems. There is utility in selling off unused assets such as those unused federal buildings but the gain from those sales does not address the problems of too low revenue and too high an expenditure. True the cost of maintaining those under performing assets will be eliminated, which is a good thing, but that is a far cry from selling off assets that generate a profit to present a balanced budget in a current year. The national forests may be a net liability on the balance sheet but that alone is not reason to sell.Ashhttps://www.blogger.com/profile/16688752302081088907noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-38309165070103403702011-03-04T10:41:09.425-05:002011-03-04T10:41:09.425-05:00Not at all, ash.
GM went bankrupt, yet remained a...Not at all, ash.<br /><br />GM went bankrupt, yet remained a viable institution throughout the process.<br /><br />There are many types of bankruptcy were the debtor remains in control of the assets, while liquidating many of those assets, during what is referred to as "Restructuring".<br /><br />The ultimate outcome of the restructuring is an unknown at the beginning of the process.<br /><br />Myself, I think the Federals are in a cash flow crisis, of their own choosing.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-47549735032920207822011-03-04T10:28:39.612-05:002011-03-04T10:28:39.612-05:00yes ash is also rightyes ash is also rightsudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-88039135519271527642011-03-04T10:27:15.314-05:002011-03-04T10:27:15.314-05:00Blogger desert rat said...
"If the Gover...Blogger desert rat said...<br /><br /> "If the Government is bankrupt, then it should sell off assets"<br /><br /><br />The government isn't bankrupt.<br /><br />If the government were to go bankrupt then it would need be dissolved i.e. it would no longer exist and that isn't in the cards.Ashhttps://www.blogger.com/profile/16688752302081088907noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-84223871875590214222011-03-04T10:23:53.715-05:002011-03-04T10:23:53.715-05:00and I sold my textbooks .....and my heart....and I sold my textbooks .....and my heart....sudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-38456712417328139832011-03-04T10:22:36.059-05:002011-03-04T10:22:36.059-05:00yes thats what we do in india.here the government ...yes thats what we do in india.here the government sells everything .the parlimentarians sell their cars and government assets and taxes and their conscience whenever they think the government is n debt .good idea>>>)sudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-11311417675940265332011-03-04T10:19:50.784-05:002011-03-04T10:19:50.784-05:00If the Government is bankrupt, then it should sell...If the Government is bankrupt, then it should sell off assets.<br /><br />Just as any other financially responsible concern does.<br /><br />Sell assets and restructure operations to cut costs.<br /><br />Or raise revenues.<br />Which means higher taxes and fees for service.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-17137481685904955972011-03-04T10:18:46.299-05:002011-03-04T10:18:46.299-05:00ya ya ya desert rat you r right.(no, i think u are...ya ya ya desert rat you r right.(no, i think u are left..but u may be right...left...right...left...no right)sudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-20583267952053585312011-03-04T10:17:11.538-05:002011-03-04T10:17:11.538-05:00sorry deuce and desert rat and all those who run t...sorry deuce and desert rat and all those who run this blog(ya , I love this blog and the way it 'runs')for putting up useless comments .Forgive me I am just a bit low today.dont penalise me for this act your highnesssudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-65668147240302801212011-03-04T10:15:20.307-05:002011-03-04T10:15:20.307-05:00It is not about me, gag.
Nor is it about my mule....It is not about me, gag.<br /><br />Nor is it about my mule.<br /><br />We are discussing what is in the best interest of the nation, not what is in my personal best interest.<br /><br />Those interests, while they may over lap, are not congruent. <br /><br />I am describing what is best for the people of the United States, not what is best, for me, myself and I.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-19314294135279417152011-03-04T10:15:18.398-05:002011-03-04T10:15:18.398-05:00Rat says: Sell everything! Give the money to the F...Rat says: Sell everything! Give the money to the Feds! They are fiscally responsible! They know the value of the dollar! They will spend it wisely!MOMEhttps://www.blogger.com/profile/18307879234693014691noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-64876931322616221092011-03-04T10:14:48.410-05:002011-03-04T10:14:48.410-05:00yes but i know that she knows that i dont know tha...yes but i know that she knows that i dont know that she doesnt know that i know that she doesnt knowsudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-55825959116187543652011-03-04T10:12:51.513-05:002011-03-04T10:12:51.513-05:00Those lands became protected by the likes of T Roo...Those lands became protected by the likes of T Roosevelt and others long before I came along.<br /><br />Rat dispises the Roosevelts too.<br /><br />I pay taxes, I use the facilities and spend money while I do it, which bolsters the economy. I am sure those folks in the NE who Rat says are subsidizing me, are using faciities I subsidize for them. That's kinda the way it works.<br /><br />Since we have beat this horse before, you can have the last word, as you are so want to do.MOMEhttps://www.blogger.com/profile/18307879234693014691noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-70474587774059229152011-03-04T10:11:13.907-05:002011-03-04T10:11:13.907-05:00yes yes yes but what about her???yes yes yes but what about her???maddhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-57790908013333778912011-03-04T10:09:18.293-05:002011-03-04T10:09:18.293-05:00gag thinks his using those Federal lands is a &quo...gag thinks his using those Federal lands is a "right", while the Forest Service will be the first to tell him, it is a privilege.<br /><br />The Grand Canyon, gag, is not in any of the National Forests. It is a National Park.<br />One should not conflate the two, National Forests and National Parks, as they are not the same.<br /><br />Different policies, different management and a different set of priorities in the National Parks as compared to the National Forests, on a Federal level.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-43264042652553713292011-03-04T10:07:43.875-05:002011-03-04T10:07:43.875-05:00by fraternity I remember harry potter are u guys t...by fraternity I remember harry potter are u guys talking about him???sudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-42041570145727703482011-03-04T10:06:28.721-05:002011-03-04T10:06:28.721-05:00@gaga ,i will ride it down the cliff....@gaga ,i will ride it down the cliff....sudheerhttp://thescientificorchard.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-43617027318897953962011-03-04T10:06:03.814-05:002011-03-04T10:06:03.814-05:00Rat got black balled by a fraternity in school. H...Rat got black balled by a fraternity in school. He doesn't like them.MOMEhttps://www.blogger.com/profile/18307879234693014691noreply@blogger.com