NahnCee:

I’m not a tax accountant, but I believe anyone can file for a time extension on filing your taxes good till October 15 . It may send a message. The issue may not be just the money for the government, but knowing the true state of nation’s aggregate tax status.

As Subotai posted the Obama government is sure acting as if they need not fear the general electorate or the taxpayers. Congress according to Redstate is planning another, yes another, super secret massive spending bill for this week and the Bama is planning tomorrow a “fiscal responsibility summit”, which can only mean another huge grab of your money in taxes.

Except for Rush Limbaugh and Glenn Beck, no conservative pundits I know are going ballistic. Surely, no Republican politician is going really ballistic. Mitch McConnell, the only guy with real power to stop this socialist/marxist takeover, is a complete pussy, with his knickers all askew on how the Republicans are going to be portrayed in the media.

Buddy is right on the mark to market rules in a declining market. Banks will start asking for mark to market on collateral when commercial business loans come up for rollover, and then watch the bottom fall out. Cutting that business financing only leads to bankruptcies of the companies needing those loans. That’s what happened here in La La land in the early nineties. Everything went into the toilet in a hurry.

Who’s gonna pay for bonds for the stimulus and the new massive super secret spending bill? There are stories out there that the Chinese mortgage crisis makes ours look like a cakewalk. Huge overbuilding, with no one to rent the huge amount of apartments and condos. Projects are asking for $800 a month rent where the payments should have been $3000. Oops. The out of work peasants who were supposed to be the tenants are going back to the villages. All the rich ganjin who were going to take all the high end condos didn’t seem to materialize, either. I have heard through business contacts of lots of bankruptcies in Japan too. China and Japan are the guys we, as in the Bama, were kinda hoping to buy our bonds. China feels they have to buy for now, but they’re only buying short term bonds, that way if the bond sales start to falter, China can get more for their money, the next go around. That’l be fun, let’s pay high interest on those multi-trillion dollar deficits. Ya that’l work!

Seems like the Bama wants to take down the economy. What’s next, Marshall Law? Is that the plan?