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Response To That Final Question:

Ignorance is the Bane of Man.
At a distance removed,
Dimly remembered, and
Still not seen distinct,
But yet somehow felt;
What we do sense
Is not reality; is not the Real Thing.
This World is hologram.
Then; for lucid sleep;
For it's just a dream
Within another dream
And we are not awake.

Seven Stars' Song of Revelation

Ignorance is a jail where no escape
Is possible but through knowledge.
Don't fear nor spurn. Dare to learn:

Assent to and accept this world as it is
Before attempting ascent to any world
Aspired to or wished for. Life's glorious!

That That Is can be known but by few.
Not space, not time, not gravity exists;
But as Extension from Field of Thought.

Be subject to neither church nor crown.

Dread naught. Disdain none: Not One!
Absent That That Is, there's Nothing.

That That Is, IS. That That's Not, IS, too.
That That's Not makes That That Is: IS.
That That Is makes That That's Not BE.

By rowing to That That Is, I become "I."
Wind + Water = Wave. As THOUGHT is
The Heart and The Nave of The Wheel.

Worlds are created from Thought alone.
That which we will do is because of that
What we are. We'll become who we are.

Charity, courtesy, civility, compassion,
Are cardinal spokes making civilization;
Chivalry forms center, hub's circle core.

IS is! Be not the slave of some other's I.
This, Creed of our Seven Stars Society;
This, The Teaching of the Seven Stars:

No man can be happy if he should choose
To be exile from his own nature and soul.

Precognitive Prescient Prophetic Poetry by WILLIAM O'CONNOR

Wednesday, June 10, 2009

State Survivability

Depending upon the size of its annual GDP, states cannot survive once their annual fiscal deficits exceed its GDP.  The reason for this, is that the interest payable upon its treasury obligations becomes so high its tax revenues can no longer sustain interest payments that are due, and because the revenues are less, taxes are raised to pay for interest payments, and those taxes serve to further reduce the GDP of the state---those that are so taxed moved to states with lower tax rates, and since these are the persons and entities contributing to the state's GDP, state GDP falls upon the loss of their contribution.  So, at the same time that more state revenue is needed to pay for interest on debt, three simultaneous events all happen:  interest rates on the state's debt rise because the state's credit rating has to fall; state's GDP decreases because those entities producing state GDP have moved on to other states; state fisc decreases because the entities contributing revenues via taxes are no longer doing so.  In short the state becomes bankrupt and so must liquidate its state powers to those other states which were fiscally more prudent and farsighted. 

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