Tuesday, February 02, 2010

When Their Eloquence Escapes You

The first is the projected deficit in the coming year, nearly 11 percent of the country’s entire economic output. That is not unprecedented: During the Civil War, World War I and World War II, the United States ran soaring deficits, but usually with the expectation that they would come back down once peace was restored and war spending abated.

-The Times

De do do do, de da da da
Is all I want to say to you
De do do do, de da da da
They're meaningless and all that's true

The Police
When what was how? Abated? Who? Is this a . . . what day is this?

Money, like law, is basically an exigent phenomenon, and any claims that it even approaches the status of universal convention are bogus. I mean, if you're poor, it's real enough, but at the level of a trillion-dollar annual deficit it is basically a totally self-referential metafictive device.

15 comments:

Mr.Fundamental said...

"Our" car, Walter?

la Rana said...

If you can count it, it is no dream.

drip said...

Excuse me. Mark it zero.

Jim Wetzel said...

I totally want to take rich, then. That self-referential metafictive device sounds like it would rock. Especially compared to the forty-eight bucks in grungy paper that currently infests my wallet.

Moloch-Agonistes said...

A vibrator is also a totally self-referential metafictive device, but that doesn't stop it from giving pleasure.

CMike said...
This comment has been removed by the author.
Anonymous said...

There's still no such thing as a free lunch. Uh, "metafictive device" or not.

What is a metafictive device, anyways? Is that like one of those perpetual motion machines?

IOZ said...

@2:08. Yes. It is.

lucid said...

I thought that was the definition of 'economy'...

Anonymous said...

"my 2 favorite words in the english language: de-fault! de-fault!" homer s.

Ummm said...

You may just be going way over my head but I don't understand the point to this post.

Are you saying that the article is just stating the obvious?

Help me here, I don't like being ignorant.

Enron said...

Who's got a million fucking dollars in their fucking car? And whadda they got? My dirty undies... my fucking whites...

IOZ said...

Shabbos, Donny, is the Jewish day of rest.

Anonymous said...

Scarcity, structure of capital, inflation, and so on

Furthermore, allow me to speculate that the state deficit is not a perpetual motion machine merely by virtue of its incomprehensibility, and therefore There Will Be More Reckoning! Very Soonish!

What is this, anyway? "We're an empire now, and when we act, we create our own reality," updated for Obama?

Michael L said...

Since the perpetual war on terror will never abate, the problem is resolved.