I just get done writing a brilliant piece on the absurd "Deficit Commission," and this even more brilliant articles come out about the 2011 economic collapse.  Arthur Laffer has really hit the nail on the head in this piece.  Big deficit spending, high taxes, high unemployment, President Obama, equals crappy economy times ten.  I started telling my brother back in the fall of 2008 to start socking away every penny he could.  That the crisis in the housing market reminded me of the Mar 2000 crash of stocks.  Only this time things are much worse.  Why?  Take a $1.4 trillion federal deficit, billions in state deficits, and add in +10% unemployment.  That is an equation by itself for bad times.  Now add in incompetent bailout spending for unions, housing, cars, 99 weeks of unemployment, etc...  Arthur is sooo correct when he talks about those who collect enough in government checks to not have to work.  Why work when you can get paid to sit on your ass?  Personally, it is my belief that anyone on government assistance should be required to perform some number of hours each week of "service" as Obama calls it.  Don't tell me that these people need all their time to "find work."  Bullshit!  They sit on their asses.  Why do you think the odds of finding a job go over 90% in the last week of unemployment?  I know there are those that don't take advantage, but they are very few.  I'm not rich, but definitely in the top 10-15% of taxpayers. If my income is in the crapper due to the bad economy, high taxes, etc, where does that leave the Federal Budget?  In even more red ink.  Just as the CBO ridiculously over predicted $4 trillion in budget SURPLUSES back in the mid 1990's, they will under predict the budget deficits for the next 10 years.  It won't be $1.4 trillion next year.  It will likely be 10-20% higher due to less tax revenue.  Yes, even from higher taxes you Marxist losers.  Obama should resign alright, but for the fiscal damage he presided over.  More here from Mark Steyn.

Update 06/23/2010: Economic collapse reaffirmed.  The moronic mortgage bailout has done little to help housing.  I have a question for the Obama Locust swarm...  Where the hell is my bailout?  I don't even own a home due to the obvious over priced market.  I was a naysayer back as far as 2004/2005.  I knew then that when the Star Tribune highlights a 24-ish kid owning several homes in Minneapolis worth over $1 million combined, all is not right in the world.  Perhaps the kid was a bit older, but you get my point.  Just as in 1999 when old grandmas were highlighted for their egg money investments increasing 10x.  Useless B.A. in English majors were developing website 1.0 software.  It was truly a bizzaro world.  Now we have home "owners" not paying mortgages and still keeping their property.  There are thug let-wing kooks in San Fransisco helping the homeless break into houses that have owners!  Ugh!  Ugh!  Ugh!