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Boehner Says No Debt Ceiling Hike Without "Real Spending Cuts And Budget Reforms"
More political theater out of DC:
- BOEHNER SAYS NO DEBT CEILING HIKE WITHOUT "REAL SPENDING CUTS AND BUDGET REFORMS"
- BOEHNER SAYS TIME TO TALK `ABOUT TRILLIONS' IN SPENDING CUTS
- BOEHNER SAYS `NOTHING OFF THE TABLE' EXCEPT 'RAISING TAXES'
So what exactly budget reform involves doing nothing to the revenue side of the income statement? Oh, the type that cuts spending, something Washington has not really succeeded in doing once in history? Good luck, in the meantime, we look forward to our new debt ceiling of $16.3 trillion to be announced in June or July at the latest, which will then have to be hiked to $18.5 trillion for capacity through March 2013.
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Call his bluff....bitchez.
Yeah. There will be some 12th hour "bipartisan" deal made and main street will be left holding the bag.... business as usual.
All we need is 218 Brave men and Women in the House of Representatives willing to say NO. And this system of debt slavery will end overnight.
Yes, there will be riots for a few weeks. Hardship for many. And then we can truly rebuild in a year or two. Otherwise, we face at some point a total system collapse overnight and tens of millions could suffer for far longer.
All we need is 218 Brave men and Women in the House of Representatives willing to say NO.
so.. you're hooped is what you're saying?
All you need to do is elect Gold 36000 as president. I will sequester all funds, default on all treasury debt, end the fed, end the federal income tax and make everyone suffer. Then we burn the place down and start all over. I think if you scrutinize my campaign platform carefully you will see that I have the most sensible campaign platform of all.
Sure to set off another round of irrepressible alcoholic weeping from The Speaker.
the 44 stone greedy, glutenous and most obese institution in the country, the US Govt, wants 'just another' 28 Big Macs before it starts a diet ?
...a diet of taking the finger dips away no doubt from this petulent fat spoilt brat of society but not the Big Macs, super-sized Colas and family pack sized cheesecakes !
4 years into recession when all the private sector has taken a diet years ago the public sector just wants "a little more time" to keep stuffing its fat face with cake
Go fuk yourself Boehner you lawmaker (greedy useless parasite)
Yes, he talks a good game but in reality is a useless sack of shit.
GOP: "We're taking this whole fucking place down with us!!1!"
(Grabs an M-16 in each hand, goes face down in a mountain of coke)
a fitting end for Scarface but we're talking lawmakers (oily lawyers) here in Washington... they'll go down with a wimper gibbering nothing but snake oil, finding rat holes in the Law and undermining the entire English language
This time he means it.........
Crybaby!
Tax hikes should be on the table.
Top 1% is doingn pretty well. Why not tax them? They've already send all the jobs to chinamen they could so that old job scare tactic won't work.
Fix the fucking debt and dollar.
no way..
rich and superrich ( +100 mln) will leave country..
of course IRS will claim for money, who gives a shit..
it will take years to pin the guy..
I BET THE THE SUN THE WHOLE USA SYSTEM WILL GO DOWN MUCH SOONER in 2,3 years tops...
nada zilch zero IRS will get..
alx
I give it all a couple of more months max. The USD is being collapsed intentionally.
And rebuilt intentionally... the money is made on the volatility, not nickel and diming every order... who knows how many more cycles they get... the tell is where the floor on commodities stays... if gold keeps stair stepping upward each round, then you've got a timeline.
the bottom 53% are doing much better...they pay nothing...now that is living in high cotton....
You can't realistically get them with an income tax. They'll just hide it, or leave and take their income somewhere else. The way you get them is to replace the income tax with a consumption tax. That taxes their wealth, just not what they show as income. It will also reward people on the lower end of the economic spectrum for saving their money instead of being encouraged to spend it as with the income tax. Businesses and capital would come flowing back into the country instead of out of it.
Repeal the 16th Amendment.
fairtax.org
sorry pal, its bullshit..
consumption tax wont do notning .. why?????????
they're fuckign shopping/living around the world.
only WORLD WIDE AGREED CONSUPMTION TAX will help..
it wont happen , cause many countries make bundle on free tax trade/shopping ...
what you suggest is ASSET TAX.. NO MATTER WHAT RICH GUY DO, PAY 1-2-5% of YOUR ALL ASSETS( stocks/ housing/etc) EACH EVERY YEAR..
there're some countries in Europe who do that..
wont happen in USA either..
sorry, no way out
alx
Simply raise cap gains taxes on anyone making more than 1 million a year.
Who else is going to pay for corporate welfare and unemployment. Nobody under the top 10% has any more money to piss around.
so???????
they will leave USA,, move money into offshores and will trade stocks/bonds in asia/europe/EM
IRS dont have money / stuff to pin that kind of guys..
only drugs/insider trading /etc..
eventually yes,, but in 2,3 years all this whill end, so
best strategy for real rich guy to sell all , get physical (solver/gold) and stash away from IRS and get
new documents++ pretend to commit suicide..
alx
You're delusional. Tiffany's had a 9 percent gain in Q4 same store sales, and opened 15 new stores over the past year in the United States. There's no problem with wealthy spending money domestically.
well yeah... cause there's no consumption tax yet..
lets say exist consumtion tax 20-25%, so poor schmucs who buy 3-5.000 $ ring will stop buying, but REALLY RICH
GUYS WILL DO THAT IN EUROPE/ASIA.. thats it..
result Tiffany is bankrupt...
90% stuff rich buy is not mandatory, can be bought around the world.. we are not talking about food/drugs/etc we are talking about yachts/cars/ luxury tours/ airplanes/etc..
wise up
alx
plus you capture the black market economy.. Wanna buy 24" rims every month?! Be my guest. Gotta have the latest bling? Spend away!!!
right - give the bank robbers more $ to fix the theft problem
Flat tax, it's time the dope dealers, hookers, pimps, illegals working for cash, etc, etc start paying ...
CRIMINAL BANKERS RESPOND: "LOLZ, WE OWNZ BOEHNER"
+1
We fuck the bankers and the megas by repudiating the debt, ending the Fed, and issuing a Lincoln Greenback.
Oh, and how about we do spending cuts so we don't *NEED* to raise the debt ceiling?
When we say $32 billion annual cuts we MEAN it this time!!!
Yes, let's squabble pointlessly over SIX hundred million in illusory cuts this time! That will show them moonbats! -The Cincinnati Kid
I just shot coffee through my nose.
This was supposed to be funny, right?
I was joking (while I'm crying.) Not sure about the other guy.
Boehner is the chamber orchestra on board the Titanic. A bit of entertainment on our march to oblivion...
The dumbass is chugging champagne from the bottle while he courageously rallies the upper class to the lifeboats.
BOEHNER SAYS SINGLE PLY IN LIBRARY OF CONGRESS CONSTITUTES SUFFICIENT CUTS
But insufficient to 'wipe' out the deficit...
Wonder when we will have to start auctioning off our National Parks and Historic Landmarks.
...3...2...1
http://www.whitehouse.gov/issues/fiscal/excess-property-map?utm_source=050411&utm_medium=image&utm_campaign=daily
Already done. We went to Yellowstone & Glacier National Parks last year. The park hotels were $160 per night & that was the very lowest price for a double bed. As a family of four, we can no longer afford the park hotels.....primitive camping.
Call the bluff. The interest alone on the debt has become, and will become, a bigger problem. Without some tax hikes the game is over for sure. Fine with me, I have purchasing power. Crash the fucking system already.
I wonder if "boner" will have a sudden "accident". His puppet masters know the game must continue. Why isn't he cooperating?
He IS!!
The banksters have been liquified! All the motherfuckers from PIMpCO to GS all got free fking cash from the Fed for their trash assets!
You think the FRB's balance sheet is REALLY $3T? Oh yeah it's MARKED to 3 but what's the real worth? Probably 1/3 of that because all the alphabet soup programs existed to put par value into the hands of banks in exchange for garbage.
So now that the banks have been relieved of their garbage assets, they FULLY expect everyone to PAY them principal plus interest on all the "loans" they conjured to everybody and their roles as PDs soaking up all the USG's deficits.
Read between the lines of PIMpCO's Gross...he is pissed at USTs why? Because the yields are too low. He wants coupons, he wants his money to "make money" by virtue of existing; he wants hamsters running on wheels and that productivity going to HIM and his pockets.
That is what bankers expect as their due for the favor they do for us in terms of letting us borrow the very money we require to have a functional trade economy.
The banksters fully want austerity for everybody but themselves. They will keep that inflation and cheap credit, thank you very much
+1
Been saying this for months.
Of course we probably disagree on the exact outcome but why quibble.
And thank you, trav. Well said.
Yup. Crash the system, crash it now. The sooner we do, the sooner compensation finds its way back to people who are actually worth a shit. deflation rewards the responsible, inflation rewards the central bankers. Kill the cancer on our real economy (if there is any left), kill the entire financial system so I can deal more directly with my customers.
I agree. Let it crash and burn.
Like a Phoenix we again shall rise from the ashes anew.
I graduate college next year, I do not wish to spend my formative adult years living in a collapsed society with a police state and 95% taxation
@LawsofPhysics
"Call the bluff. The interest alone on the debt has become, and will become, a bigger problem. Without some tax hikes the game is over for sure. Fine with me, I have purchasing power. Crash the fucking system already."
-
True.
But.
THink of how this would affect the price of silver!
Oh, the Humanity!!
-
I'll tell you what's fully on the table. Old people will take up arms if you touch SS or Medicaid. Prepare to get your ass handed to you by roving bands of angry seniors.
I can hardly wait for SS to fail.
Probably 1/10th the US pop. will be killed off in riots or by suicides.
say bye bye to medicare part D
Yes, they'll take up their arms off the handrests of their La-Z-Boys and shout fruitlessly at TPTB like the rest of us, then go home and watch "Antiques Roadshow" with a $6 bottle of domestic "Chardonnay"
Super easy to double-tap a fossil with a walker or even on a scooter.
Lets just keep on dancing til the music stops. I'm thinking they double down and keep kicking the can because the mayans and all those ancient peeps might be right.
The Mayan "long count" calendar did not translate accurately to the Gregorian calendar. The translation was flawed when it did not account for leap years. Over the course of 3,600 years, that does not translate to 12-21-12.
The "end" is coming THIS year.
GG - The original GG was terrific [not the movie guy, the ZH original]. So I was a bit miffed to see a new GG [you] move in on his space. But I have to say ... you're pretty good too.
yeah,,,
nothing off the table.. like all those so called cuts
which are not exactly cuts..
fuck the guy.. fuck system..
just imagine jsut for one year americans pay cash only, stopped working and paying taxes... of course you need savings..
alx
"Orange Man-Tan" Bone-er vs. Barry "I gots Bin Laden" Soetoro
Stooge match for the ages...
Bone-er is slapping on more Orange Man Tan and is ready for battle against the lanky weak kneed bitch and Wall Street Puppet Obummer who will fold like a lawn chair at the first Bone-er huff n' puff...
Win-Win for Jamie & Lloyd--Lose-Lose for Me & You
It's all Stooge Theater...
Corporate owned governance has given these idiots their marching orders: more regulation to run small businesses out of business, more middle class taxes to pay for corporate, Wall Street TBTF WELFARE, strip all assets until there is no middle class...
In other words more ripoff, rinse, repeat...
Ha ha! Yeah, whatever happened to the "we got Osama and we can prove it". Now we get the "never mind" response from the talking heads. All main stream media dropping the whole thing like a hot potato. Now things get interesting. You know the system is collapsing when the propaganda gets this bad.
Suck it Boehner...
The bankers continually use both sides of politics to play out a circus to destract from their role in corrupting and owning the country. Usually something with an emotional hook to get the people interested.
It is just a show. The US wont default until the bankers say so and that wont be until they own everything and bankrupted each individual. Not quite there yet, a bit of hyperinflation may finish the job.
Make sure, whatever you do, not to touch the defense budget or that of the 2.5+ wars which account for half the planet's defense spending. Teachers, cops, passable roads, bridges, are for sissies anyhow.
I agree that restraining the MIC will be a problem. Maybe the Osama Drama indicates the start of a the retreat?
'Boehner sez'...well Ive heard the shuck and jive many times before...lets see what Boehner doez.
Time to cut planned parenthood and social services.
excellent idea, especially the former.
.........and the NEA.
If the debt ceiling doesn't get raised say hello to $5 silver
Dollar default = $5.00 silver how?
I've done 3 posts on it.
Not raising the debt ceiling is NOT a default. In fact it is extremely dollar positive.
for how long?
I don't know, it's hard to tell. The situation would be very fluid. If I were to declare I knew how long I would be lying.
Paper versus physical market divergence.
Your logic is completely illogical.
True, but his logic is close to valid, he just has the scenario backward. If (and I'm not saying this is likely, but it is plausible) if monetary policymakers decide to stop printing while fiscal policymakers decide to continue spending, you will very quickly have a default of the Treasury but not a default of the Federal Reserve. Rickards says markets are mispricing this phenomena because markets confuse sovereign debt with currency. They are not the same thing. If that were to play out, the value of the dollar would skyrocket amidst the greater depression debt implosion. I don't know what policymakers will decide but I'm hedged for any scenario. I wouldn't put it by the banksters to try something like that, something that no one expects.
If the debt ceiling does not raised than there won't be additional debt for the Fed to monetize so it strips them of their ability to create inflation via money printing.
If the debt ceiling is not raised than the creditors get paid principal + interest with tax revenue at the expense of government spending. This would immediately put dollars in short supply in very short order as government agencies would be clamoring to get their money (which would at this point be being used to pay creditors)
So it is NOT a default. What it is, is a cut in government spending. That's the bottom line.
True, but there is still a boatload of private real assets that Bernanke has said he will monetize.
$5 silver hinges on monetary policy, not fiscal policy.
We're not really arguing about the plausibility of $5 silver. We just differ on the conditions sufficient to get to $5 silver.
$5 silver extremely unlikely anyway. What would China do with their $3T of rolling treasury bills if they could buy silver for $5?
$5 silver very very very unlikely.
$5 silver would value the entire 33M oz "inventory" of Comex at $165M, and the entire 334M oz inventory of SLV at $1.67B.
Foreign central bank ambitions to exit dollar dependence are irreversible. $5 physical silver will never happen because there would a wild CB scrum for available silver long before that price is reached.
Well now your assuming foreign central banks don't get toppled in the global USD-based debt implosion.
Who cares what silver is 'worth', when youre getting stabbed in the liver by a yuppie over a can of tuna?
...or worse, by a tuna over can of yuppie!
Right, and a loaf of bread will cost you a couple ounces of physical silver. Now how many people have physical silver again? I do.
More Kabuki theater. Today its Boehners turn to be the artist. What a waste of time, it will be raised move on. Heh...if they did the bailouts they will do this too. No point is doing that and not doing this, after all now we are bailing out ourselves.
Kabuki Theater: EXACTLY!
But this time it's Bone-er that is the bitch in the dress, last time it was Obummer...
Because this time Barry Soetoro says: "I gots Bin Laden."
Your move Bone-er...
No but bin laden is dead! A the wars can be cancelled inthe new era of peace! Wind the clock back to year 2000,the big bad wolf is dead!
'Bin Laden is dead', only to make room for the NEW boogeyman after the next 9-11 soon to take place, make no mistake about it.
If we do a reverse Contra deal and supply Quaddafi via Iran, he can be the new OBL. He could be good for at least 2 years, 10 years if NATO is in charge.
Obama actually extended the Bush tax cuts. Don't forget that guys. Oh and aslo he killed Osama Bin Laden last Sunday. Don't forget that either, but don't worry the media will keep reminding you about that.
Bin Laden has been dead for 8 years, everyone but dummies knows it, dont foget this announcement is only to make room for the brand new world bad guy after the next terror attacks soon to take place.
This post gets full Marx.
i have zero faith, zero...in this whole bunch inside the beltway. as far as i am concerned, they are all traitors to this nation.
+1776
Alex West is right.
If we all quit working, it would represent the single greatest "strike" in the history of man.
Our goverment would be completely FUBAR. I think a national walkout and take care of each other by eliminating the government (middle man) is a wonderful idea.
Where do I sign up?
Tell your boss to go fuck himself.
Cuts? I'll believe it when I see it. Seriously I believe nothing from any of them at all, it's just a faux argument between R & D. Every citizen in the country could tell them not to raise the debt ceiling and they would do it anyway.
None of them realize the magnitude of the problem that they enabled, do you really believe that now they understand that this is a huge problem? Not for one minute, they will continue to march down this same path until finally the ship sinks.
Green close today? Wow.. looking like it could happen.
yep seems so..
seems big rich guy from 3 letter agency bought all sp500 futures... :)))))))))
anyway... the longer fed intervenes the bigger crash will be..
alx
boehner is so full of crap that he could be destroyed with an ex-lax tablet...not only will the debt ceiling be raised but there will not be a shred of spending cuts just like this last little budget fiasco provided less than 1b in spending cuts....
this is all theater for the little people...
he and obama should be tried for high crimes and misdemeanors....and don't get me started on barry's indonesian citizenship...
www.obamacrimes.com
Did his lips move as he said it?
If so, you know what that means.
Did the Down move 100 fucking points in the last hour?
If these fuckign idiots thing they can make any real cuts to the budget...debt....without ending the wars, cutting defense projects, and raising taxes...they are just plain fucking lying.
I say....screw it....let's just defaut now, tell the bankers to suck a dick because "we ain't paying you back"...and start printing our own...debt-free currency.
Who am I kidding?
The last two presidents who tried doing the debt free money....1864's "greeback" (Lincoln" or 1963's Red-Seal "tresury note" (Kennedy) had those idea's "Shot" down by the bankers....
There aint gonna be any monetary change until there is NO other option but to scrap the entire plan and start over....
<long sigh> Can we default yet, or do we have to drag this on and on in a futile show of denial?
Greece has a 23% VAT tax, a luxury tax, and just raised personal income taxes and guess what, revenues did not grow 1 for 1 with all of that. We have a spending problem which will never be solved until there is a failed treasury auction. Greece, Portugal, Ireland all made social entitlement changes AFTER they could no longer borrow. Also, taxing the wealthiest more does not raise $1.65 trillion of sustained annual revenue.
yep.
there was funny movie on utube guy explained even if IRS will take all forbes 400 guys's all money
budget will be balanced for 1 fucking eyar only..
what next ????? its fucking outlays problem..
revenues will be 2.2-2.5 trln tops..
alx
Just the pre-planned "tough-talk" before the inevitable capitulation.
The Fed.Gov (much like their junior partners - the State.Govs) has precisely one tool in it's bag - the unfettered ability to spend Other People's Money - and they ain't a-gonna give that up until and unless someone takes it away from them.
I hope Boehner turns on the Repubs and goes n.W.o., or signs with the Miami Heat next episode
http://www.youtube.com/watch?v=G7xlzLOZH5c
Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! http://goo.gl/6qhnK
The Republicans’ Political Coup — Taking Taxes Off The TableHarry Reid John Boehner Budget Victory Tour Color (Cartoon) »
Senate WANTS to Hide Campaign Contribution Monies from Government Military Contractors using the Argument of Free Speech LMFAO!! http://goo.gl/35V9l
50,000 Manufacturing Jobs a Month since 2001 have LEFT! The United States for China! BECAUSE OF REPUBLICANS! http://goo.gl/6qhnK
Much corporate political spending stays hidden http://www.latimes.com/news/nationworld/nation/la-na-money-politics-survey-20110424,0,1545345,full.story
Corporations OWN! America! Corporations OWN! Government!! “We the People” are OWNED!! “Fall of the Republic” HQ Movie http://goo.gl/EwUsC
WAKE THE FUCK UP!
Precisely. Revolution is the only solution at this point.
Screwed from the left and right..........and our only hope, superman, just renounced his citizenship.
I agree with TD, "nothing off the table" should mean exactly that, NOTHING! Everything has to be in play or this is just another shouting match of "he did it, no he did it."
A 1% jump in the interest rate to be paid on treasuries will add 100 billion dollars in interest costs for the nation, yeah, let's see ya cut that ya bohner!
Of course among the discretionary funding that could be cut is Non-Security Agencies, that costs us 401 Billion a year. Then we could cut the Security agencies and save another 682 Billion. Wow, I just saved a Trillion dollars by eliminating completely every government office and the department of Defense! (Go you Republicans, GO!)
Believe it or not, Defense, all 530 Billion dollars, is a "discretionary" fund according to the government. So if everything is on the table......
Yeah I know, I only cut about 1.1 Trillion and still have to find another 2-300 billion to completely eliminate the debt. But hey, at least there are some prime pieces of real estate throughout the nation that no longer are needed!
(Sarcasm, the opiate of the masses)
Let's see if he has the balls to cut $500 billion off the defense(ie War) budget?
Problem Solved.
How about cutting about 50,000+ Xe (PKA Blackwater) et al 'Consultants" in Iraq and Afghanistan?
Let's see if he has the balls to cut $500 billion off the defense(ie War) budget?
Problem Solved.
Since the deficit is 3 times larger, that's not exactly "problem solved".
Even if we cut defence by 500B, its not all just spent on weapons and profits to companies making weapons. I suspect a significant portiion of this goes to the population via employment in the forces, and vast majority of companies that support the pentagon, the universities through the GI bill and a whole lot of other industries.
The reason why politicians still support defense spending is because a lot of communities within ameria still have jobs only because of this spending. This also acts as an additional stimulus program.The main reason for this suspport is not because of patriotism but because the livelihood of a lot of people depend on this money. This lobby is not very differnt from the public teachers union.
"Why is it that no one believes me ? When I say 'real spending cuts,' Zero Hedge laughs at me. When I mention 'budget reforms,' the Press guffaws. What's a Speaker to do ? Hit '60 Minutes' again -- that's it ! This time, no wifey -- and being such an emotionally involved guy, to be on the safe side, a monogrammed hanky. Looks more adult."
http://nehucari.vacau.com/gallery/Boehner-crying.jpg
Bone-er looks like the dick that always cheats on his golf score at the country club... And don't cry... It makes the Man-Tan run like orange mascara...
Boner, go take your thumb, insert up your balloon knot, and rotate accordingly, you asshat crying little biatch.
What NONSENSE.
It's going to be 100 TRILLION eventually.
Then 200 TRILLION.
And keep RIGHT ON GOING.
You know what higher taxes lead to? Sustained higher spending. Then as spending rises, during the next crisis when revenues fall, they raise taxes again to sustain even higher spending. Then you spend and tax yourself all the way into the economic trash bin where Greece is right now. John is right, spending cuts, but no tax increases. As long as we borrow there will be no cuts because Americans don't support cutting Medicare or Social Security....we will support Medicaid cuts cause a majority of us don't use that service....politicians are a reflection of us, if we support strong cuts, they'd cut. Until then we will go the way of Greece and when it happens here we will say, "I've seen this movie, it's an old remake."
Did you hear the groans coming from the military industrial complex when they heard OBL was blown away?
It's all about oil, minerals, campaign contributions and keeping the long grey line gainfully ripping off the American taxpayer.
"Graphic of the Month as far as I'm concerned (and I see all of them), here's GOOD's transparency graphic of how your tax dollars are spent": http://www.thereformedbroker.com/2011/04/19/good-heres-how-your-taxes-are-spent/
http://www.youtube.com/watch?v=661pi6K-8WQ&feature=related
EAT THE RICH!!
FYI - The rich are already beggining to eat each other. Pass the popcorn.
"Graphic of the Month as far as I'm concerned (and I see all of them), here's GOOD's transparency graphic of how your tax dollars are spent": http://www.thereformedbroker.com/2011/04/19/good-heres-how-your-taxes-are-spent/
http://www.youtube.com/watch?v=661pi6K-8WQ&feature=related
EAT THE RICH!!
My fearless prediction....there won't be one penny of spending cuts until there is a bond panic.
10 yr yield over 10% and S+P below 700 = spending cuts
They don't see panic or danger now, it's still political games to them.
Fear is one hell of a motivator, but panic triggers the lizard brain to act.
Oooh! He sounds tough! I bet he will save they day all right, he just has to summon the ghosts of John Wayne and Charles Bronson. They will show up with guns blazing, kill inflation, save the greenback, teach the developing nations their place in the world, rescue the bond markets, inflate the greenback.....
oh, and don't forget Netflix! Especially Netflix!
Boehner is a jackass.
http://www.redesign.rumormiller.com/story.php?title=boehner-the-poor-and...
not falling for him to shove another bone up my ass again
If they would just say that every government worker can ONLY drink 10 coffees a day, they'll save 40 billion a month easily!
How about a "BITCHEZ" use tax. The tax shall be imposed on those who use the term "bitchez" on ZH.
:)))))))
what about biiiiiitchez, or bitcccccchez
or in upper case BITCHEZ...
make sure all is covered... those bloggers are bloody bastards..
alx
Lemme guess: "defense" spending is not on the table.
Make no mistake Boehner is gonna go along with raising the debt ceiling. Bet every dime you own on that. Just as there will be a QE3, 4, 5... There is no way out now without default and no one wants that on their watch so just keep kicking the can down the road. The only question in my mind is; when do we run out of road?
You will notice it.
It's gonna feel pretty bumpy.
Time to cushion your buttocks.
Does this Fairytale come with refreshments? Let me guess - a Balanced Budget Amendment - which of course will take 5 years to work its way through the system -- IF AT ALL.
The Politicians in Congress have declared war on the American people.
They are definitely going to cut your Medicare, Medicaid and Social Security.
Even when all these programs are totally separate budget-wise and paid for.
They will just steal the money that you've paid into these programs over the years.
They have no shame !
And don't you think they will ever cut defense or discretionary spending.
Hell no !
Because that would seriously jeopardize America's role as the leading military superpower and world policeman no. 1.
Ooh, he sounds serious now; I'm sure any significant spending cuts will take effect 10 years from now; hence another ploy to distract us while debt ceiling is raised again. U.S. has become the master of the "Wimpy" argument: I'll gladly pay you tomorrow for spending more today.
Vote Gold 36000 for President because I will go to Washington, D.C. and burn the fucker down. It will be epic. We can return to a Federal Republic. We will return to saying "the United States are" instead of "the United States is." I have the most serious and realistic plan to solve the problem of all the political parties.
beat me to it with the Wimpy/hamburger analogy...spot on.
boehner going to cut like Lorena Bobbitt
It's pretty simple. When people aren't working, they aren't paying taxes. The unemployment situation in this country is paralleled only by the first Great Depression. The only difference this time is citizens are receiving SNAP and any other safety net benefits they can get. 25 families making 40k a year pay in more tax per year than one millionaire. Then there is what is spent on military...another can of worms.
Looks like we got ourselves a good old fashioned Mexican stand-off.
LOL...without raising taxes. When the 2 trillion in revenue is exactly what statutory spending requires, I doubt he can cut anything. What social programs is he going to cut? What special interest groups are going to offered to the lions? None....
end result jaw bohner goes to the tea party and is like you have to do it
.
BITCHEZ
Boehner should just shut up.
Education, Income Property, & Children
We had an agreement with the legacy families. Unless children chose of their own volition to become economic slaves or to join the ascension structure of masters, they were to be left alone until they were 18, to learn democracy as they see fit, to balance the naturally imploding legacy control economy, which provides the legacy families with control of the asset side of the balance sheet, in return for their historical investments.
Through circulation, all real investment comes from expanding the horizon of democracy, in quantum leaps. Sustainable income, minus all the BS associated with the accounting fountain, is the balance. Elevator mechanics count their generations in 3s and farmers by 7s. Enterprise architects count theirs by increasing prime numbers. If you want the short-term money, by all means, go get it. Architects are focused on passing their genes to the next set of architects. That is their imperative. Currencies come and go, quite frequently, relative to democratic evolution.
History is a stack function, with multiple dimensions, like time and direction. Farmers build the stack by acquiring land just outside the periphery of urbanization and swap it out, moving outward with growth. The intelligent ones ensure that their workers have all their basic needs met, plus an environment that delivers peace of mind, maximizing sustainability, NPV. In a structural contraction, devolution, the process is reversed (to plant the next democratic seed), the land is cleared, and the system is reset. Sheppard your property accordingly. Most of the agricultural land in the empire is toast, due to single-season, steroid crop seeding.
Each kid is different, running through phases at their own pace. Sometimes they are quite logical and enjoy math. Sometimes they are quite emotional and enjoy art. Sometimes they are quite contemplative and enjoy literature. The trick to education is to let them work at their own pace in conjunction with the phase shift in which they are operating. And there is no more important learning than democracy, which is learned on the playground.
If you have a student that can do a year’s worth of classroom work in a month, in order to get back out on the playground, you have a budding enterprise architect on your hands. If they want to play, let them play, and be sure to provide all the materials necessary to organize themselves into different sizes and types of teams. They will naturally rotate in and out of different activities.
The problem, of course, is that most people choose to herd up like sheep, and are preyed upon accordingly, and if they see what appears to sheep outside the fence, they systematically start screaming their lungs out, providing the predators with radar. Misery loves company. Don’t do that.
A global economy absolutely requires a portfolio of independently operating economies, trading mutually beneficial surpluses, along the environmental lines provided by the planet in conjunction with the universe, which requires independent thinkers. The legacy families know that they must ignore the independent thinkers to survive, but they cannot afford the example of ignoring the herd’s plea to capture and restrain them. The middle class must remain semi-neutral for the electron to pass through the circuit and feed the system, or it implodes.
Implosion is not a problem for the enterprise architects; it’s a source of quantum energy, but it generally is a problem for everyone else, as all participants increasingly seek to control one another in a dying system of scarcity, creating a breeding reactor of decreasing volume and increasing pressure, until it goes boom. Enterprise architecture is all about employing that boom to create more effective outcomes, Democracy.
California’s problem is not direct democracy. California’s problem is the disastrous output of its education system, which results in co-dependence by rote learning, wherein 1 + 1 consistently becomes less than 2, loading up the chamber, and placing a gun at its own head. Excessive sexist replication across the global IC chip through the resulting compliance prototype has done the rest. Forcing kids onto the replication assembly line at birth is California’s, and everyone else’s, problem.
If people really want to erase a huge chunk of the national debt all they have to do is endorse their FRN's and cancel the Treasuries liablity by scratching out the Sec. endorsement.
This will also eliminate your income tax.
No one redeems the bills anyway so accepting liability for "payment" of the note is of little consequence to the endorser.