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Boehner's Complete "Dear Colleagues... In The End We Couldn't Connect" Letter

Tyler Durden's picture




 

Just released from John Boehner, clarifying his position on why he has terminated all debt ceiling hike discussions with Obama. Following Obama's statement, Boehner will have his own press conference at 7:15 pm. Watch Boehner live here.

boehner_07-22-2011

 

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Fri, 07/22/2011 - 18:24 | 1482859 HungrySeagull
HungrySeagull's picture

Of course. That's it Folks.

Default time. And again, thank you Reid!

Fri, 07/22/2011 - 18:28 | 1482891 Mongrel
Mongrel's picture

It is time for the revolution to begin? Or will the banksters prevail and get the swag once again? Stay tuned . . .

Fri, 07/22/2011 - 18:41 | 1482965 Fish Gone Bad
Fish Gone Bad's picture

Hiking the debt ceiling is a failure of leadership

-- Barack Obama 2006

Fri, 07/22/2011 - 18:57 | 1483051 wanklord
wanklord's picture

Americans are a bunch of stupid animals easy to manipulate and subdue.The sooner the US economy collapses the better, so these brutes will finally learn NOT to live beyond their means.

Time for Barry to govern by decree: suspend the Constitution and declare Martial Law.

Fri, 07/22/2011 - 19:06 | 1483092 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cut and paste much?

Fri, 07/22/2011 - 19:19 | 1483148 SilverIsKing
SilverIsKing's picture

I thought I was reading an old thread when I came across wankie's post. Deja vu? Nope. Wankie just being a wanker.

Fri, 07/22/2011 - 19:06 | 1483094 sunnydays
sunnydays's picture

I agree, the U.S. needs to default.  Obama last sentence was "If you are a leader than it is time to lead".  What he means exactly, I am not sure.  Hope it isn't that he will become a dictator and do as he pleases.

 

The Congress should not vote on a debt ceiling rise!  Default and lets get the hard times over with and start anew, will a new government.  End the wars and everything!

Fri, 07/22/2011 - 19:59 | 1483310 Problem Is
Problem Is's picture

"If you are a leader than it is time to lead". What he means exactly, I am not sure."

It means it's time for Barry Soetoro to STFU, pack the fuck up, and get the fuck out of the White House because puppets can't lead... they can only dance at the end of the strings Wall Street pulls...

Fri, 07/22/2011 - 21:14 | 1483672 JLee2027
JLee2027's picture

Barry is no puppet. He is narcissistic, reporting to no one but everyone reports to him in his little world. And impossible to negotiate with. As narcissistic people go, they must be shocked by events into temporary sanity, then you can strike a deal while they fold like a house of cards (continual yelling and screaming at them while calling them names does work, but the effect is delayed by days or weeks). Otherwise, impossible as I said.

Fri, 07/22/2011 - 21:35 | 1483754 SeverinSlade
SeverinSlade's picture

I think members of Bilderberg would have to disagree with you...

Fri, 07/22/2011 - 19:08 | 1483099 Stoploss
Stoploss's picture

 Sit back, grab some popcorn, and watch whats left of america descend into civil war. This will truly be a sight to behold.

What you are about to see is real, unlike the movies you may have seen.

Fri, 07/22/2011 - 19:27 | 1483179 chubbar
chubbar's picture

Fri, 07/22/2011 - 19:43 | 1483244 DosZap
DosZap's picture

wanklord,

Are you a Brit, with that sucky handle it sounds like it.(if not a profound apology to Brits).

You certainly do not sound American.If the POTUS did what you suggest,all hell would break loose here,and globally.

We go down, YOU go down also.

We do not have a Parliment,nor have we ever had a Queen, nor a King.

And, as I live we will never have either, also we will not be governed by decree, without major disastrous consequences.

We are not subjects, we are citizens.

You sir are  useless CUNT.

When  you  say Americans are stupid animals, you include me,and all on this site.

 I take offense to that remark, you are neither a gentleman nor very intelligent.

Sat, 07/23/2011 - 11:46 | 1484682 oldman
oldman's picture

How did we get homeland security, wars with iraq, afghanistan, libya, etc.? Rule of do-nothing by congrestion, from our non-rulers, fiat currency, tax code, registration as cannon fodder, nuclear power etc.?

What have we ever voted on-----we are not-stupid? Give me a word for this except for doing nothing, please.

Maybe, it is just too early in the morning for me, but I don't see any citizens---I see a lot of people 'subject'ing themselves to more of the 'same old stuff' with a shrug of their head. 

I don't want to call us shit-eaters, but I am at a loss of how else to describe this populace.

Can you help me out, please, sir?

Fri, 07/22/2011 - 19:49 | 1483252 DosZap
DosZap's picture

@

Fri, 07/22/2011 - 20:04 | 1483334 Loco Vida
Loco Vida's picture

Loco is with Wanklord............constitution is already gone and who is going to enforce Martial Law here??????????? Cops and National guard and contractors will all be too busy at home trying to protect their shit...........Most of you dick heads cant think past your fart cavity even after you have smelled it a hundred times and seen the skid marks in your Jordan Hanes

 

one begging pardon to you Sir Wanker though...........Barry wont govern, he shant survive the coup

Fri, 07/22/2011 - 21:02 | 1483610 docj
docj's picture

Time for Barry to govern by decree

You mean he's not been?

This stupid is strong with this one.

Fri, 07/22/2011 - 21:55 | 1483829 El Oregonian
El Oregonian's picture

Must be English... No wonder why they got their collective ASS KICKED by the colonists here in the States. Move along, Don't you have the Euro or something to try and save?

Fri, 07/22/2011 - 19:13 | 1483124 sitenine
sitenine's picture

Bo knows jack and shit about leadership. His entire economic team has abandoned him. Why do you think that is?

Fri, 07/22/2011 - 19:24 | 1483169 Sudden Debt
Sudden Debt's picture

Don't panick so fast!

 

I bet it will be all good news!

MAYBE THEY FOUND A GOLDMINE UNDER THE WHITEHOUSE WITH OVER 16000 TONS OF GOLD!!

Imagine!

Or like in the movie national treasure THEY FOUND THE CITY OF GOLD!

See?

All good news so far. So how bad could it be now you heard these rumors I just made up?

 

Fri, 07/22/2011 - 20:37 | 1483498 Jendrzejczyk
Jendrzejczyk's picture

Sorry, my friends have been in those tunnels, and the ones under the vice president's house. There is no gold there. Not even under the floorboards of Mount Vernon....I looked myself.

Fri, 07/22/2011 - 20:41 | 1483516 John_Coltrane
John_Coltrane's picture

Indeed, let's be positive.  This negativity has got me bummed!  We don't really need a city of gold to solve our problems.  An anti-obesity, anti-laziness pill will work just fine as suddenly the need for health care will plummet along with medicare and medicaid expenditures.  Doctors, now in great surplus, will make house calls, accept chickens or canned goods for payment and NMR imaging machines will be converted to pop vending.  Last saw my doctor about 10 years ago, plan another visit just to chat in another decade or so.

Fri, 07/22/2011 - 22:20 | 1483909 Abitdodgie
Abitdodgie's picture

Right now , finding the gold in Fort Knox will be a plus

Fri, 07/22/2011 - 18:35 | 1482933 Ident 7777 economy
Ident 7777 economy's picture

"Default time."

 

HA!

 

By default: Cut cap and balance!

 

WORK with that 220 Billion that comes into the Treasury per month ..

 

.

 

Fri, 07/22/2011 - 19:22 | 1483157 j0nx
j0nx's picture

More like thank you Nevadans.

Fri, 07/22/2011 - 21:12 | 1483660 Dr. No
Dr. No's picture

Reid intrigues me. Here is a total wank job who can't articulate a thought, yet got elected to the senate as well as majority leader. He is hiding something.

Fri, 07/22/2011 - 22:12 | 1483891 El Oregonian
El Oregonian's picture

He's in charge and gave Barry a big lewinsky... He's got the stains to prove it... That's the ONLY reason he is where he is today...

Oh ya, and the backing and support of Dana White, CEO of the UFC. The reason I dropped supporting them... And also the reason this Titanic ship is taking on catastrophic debt water.

Fri, 07/22/2011 - 22:56 | 1484011 Dr. No
Dr. No's picture

Reid reminds me of Phillip Green from Casino

Fri, 07/22/2011 - 18:27 | 1482861 legal eagle
legal eagle's picture

Dear John,

I am more worried about myself and the wealthiest 1% than the country as a whole.

Thank you, see you in detention tomorrow.

Fri, 07/22/2011 - 19:14 | 1483128 I Am The Unknow...
I Am The Unknown Comic's picture

That would give a new meaning to the idea of a "Dear John" letter....

Hey everybody, chill out:  Dr. Phil is heading for the White House.  He will make it all ok and they will soon be able to "re-connect"

Fri, 07/22/2011 - 21:56 | 1483839 oogs66
oogs66's picture

Dear John, it's you not me.

Fri, 07/22/2011 - 18:25 | 1482863 Salinger
Salinger's picture

and the policies coming out of Washington.... and your business address Mr. B is where?

Fri, 07/22/2011 - 18:25 | 1482867 ghostfaceinvestah
ghostfaceinvestah's picture

Good for him.  Time for some austerity in America (for the plebes only, of course).

Fri, 07/22/2011 - 18:39 | 1482959 cougar_w
cougar_w's picture

Taken as a whole I don't see how what you say amounts to any good, actually.

Was all that /sarc? Or just part of it? Or none of it?

Fri, 07/22/2011 - 18:59 | 1483060 NOTaREALmerican
NOTaREALmerican's picture

I'd say just "part of it".   Not saying which part tho.

Fri, 07/22/2011 - 19:52 | 1483278 Pure Evil
Pure Evil's picture

I would have to say all of it.

After spending so much time on ZH, I'm now only capable of thinking and writing in snarc.

Fri, 07/22/2011 - 20:01 | 1483320 ghostfaceinvestah
ghostfaceinvestah's picture

The People need to sacrifice to save this great country, they should be happy to take cuts to their retirement and health benefits in order to save the banking system so it can extend credit, thus creating jobs.

Fri, 07/22/2011 - 18:31 | 1482898 dwdollar
dwdollar's picture

I know it's all a charade, but I can't help to say...

Burn Baby Burn!!!

The country the world, let it all burn to a crispy black cinder.

Sat, 07/23/2011 - 11:27 | 1484600 krispkritter
krispkritter's picture

Make mine extra crispy. And could I get fries with that?

Fri, 07/22/2011 - 18:30 | 1482904 assumptionblindness
assumptionblindness's picture

Waiting for the umpteenth 'AAA' downgrade warning from Moodys and S&P in t-minus 10...9...8...7 

Fri, 07/22/2011 - 21:58 | 1483846 oogs66
oogs66's picture

one of these days alice, pow, right in the kisser :D

Fri, 07/22/2011 - 23:13 | 1484051 leftcoastfool
leftcoastfool's picture

to the moon...

Fri, 07/22/2011 - 18:31 | 1482910 ArrestBobRubin
ArrestBobRubin's picture

Political theater, on a Friday night. Dubious.

Fri, 07/22/2011 - 18:33 | 1482916 kato
kato's picture

Republican talk genius when they are in opposition. Fuck everything up when they are in power. Except now out of power they are trying to really, really fuck things up. Republicans = total feckin' eejits. I used to count myself as one, not with this crop of demented pols and wanna be next big things. Republicans now have a big following of morons too, most of you included. William F. Buckley used to say he spent half of his time 'keeping the nuts out' of the Republican party: he is gone and the nuts are in control.

Fri, 07/22/2011 - 18:38 | 1482950 Ident 7777 economy
Ident 7777 economy's picture

by kato  on Fri, 07/22/2011 - 18:33 #1482916 

Republican talk genius when they are in opposition. Fuck everything up when they are in power.

-  - -  - -  - -  - -  - -  - -  - -  - -  - -  - -  - -

You know why that is?

 

They (repubs) are too afraid to make enemies with THE PRESS.

 

The LEAST little bit of bad press and they stampede in the direction set by the libruls ...

 

.

 

 

Fri, 07/22/2011 - 19:06 | 1483095 gwar5
gwar5's picture

Agree, they are afraid of bad liberal press propaganda but they needn't be.

89% of Americans polled say the MSM is biased for obama anyway. Obama and liberals are on their way out and are going to take the MSM with them.

Conservatives should push back against the press as part of their MO to win support.

Fri, 07/22/2011 - 18:39 | 1482957 Moe Howard
Moe Howard's picture

I wish the 'nuts' were in charge of the Republican party. Too bad the same crew runs them as the other dummy party.

Fri, 07/22/2011 - 20:00 | 1483315 Bob
Bob's picture

Nyuk, nyuk, nyuk!

Fri, 07/22/2011 - 18:43 | 1482989 MrSteve
MrSteve's picture

Yes, all the morons here making their own money and reading ZH are far below your intellect and vast experience. Continue preening in your posts, we are all in awe of your excellent egotism.

Fri, 07/22/2011 - 18:47 | 1483005 Critical Path
Critical Path's picture

The following of morons is certainly not limited to either of that or the other party, by default assuming that you're safely on the side without morons makes you just that.  Both have different ideas on how to reach the same end point.  Yet of all the wording I have heard for either of the parties, I prefer William Black's description on the flea circus that is our two party system.... its a bull of shit looking at itself in the mirror.

Fri, 07/22/2011 - 18:51 | 1483021 nmewn
nmewn's picture

Well kato, what is Barry's plan?...has he presented one?

Why yes he did sorta...his budget proposal for the year not six months ago, it got shot down in the Senate without a single vote in favor of it...97-0.

And Reid after voting that down...where is his? Have you seen an actual bill?...I damn sure haven't.

Fri, 07/22/2011 - 20:00 | 1483304 Pure Evil
Pure Evil's picture

nmewn, sshhhhhh!

Please don't bring up inconvenient facts as counter evidence to his rhetorical argument.

Fri, 07/22/2011 - 21:18 | 1483679 Calmyourself
Calmyourself's picture

Stop with all those messy facts and shit fool, 800 days without a budget is leading..  Moron conservatives are just too stupid to know when you are in the presence of genius masquerading as industrial strength burn holes in stainless steel stupid..

Fri, 07/22/2011 - 21:28 | 1483723 nmewn
nmewn's picture

The guy comes in...with both legislative branches in his pocket...immediately a Continuing Resolution is passed from the last year for 400 billion dollars in pork...then its on to 800 billion dollars in "shovel ready" lard projects...then as a coup de grâce its a trillion dollars for an un-constitutional ObamaCare to cover ten percent of the population (illegal or otherwise) that doesn't want or can't afford health insurance...then he drops (with a thud) a 3.7 trillion dollar budget in the lap of the Senate.

And he expected to not have to pay hell for all this?...now wants to "act" like a responsible adult?...tell everyone to eat their peas?...LOL!!!

No...let it burn.

He needs to huddle up with Timmah and decide what he wants fund, the bond holders or granny's check...thats his job...he needs to man up and do it.

Fri, 07/22/2011 - 22:47 | 1483982 tip e. canoe
tip e. canoe's picture

nm, you're gonna hate me for saying this, but i actually saw an example of a shovel-ready lard project that was actually quite nice last night.    it was a dozen hoop houses built over a garden in the inner city so they could grow 4 seasons.   mad cool.   

here's the thing though: the guy running it has got it down so efficiently that they were done in no time at little cost.    modular-style so they can be replicated while teaching some kids some valuable practical skills.   definitely a bang fo the buck.   with that system, they coulda probably provided food for 1/2 the inner cities of america at 3/4 the price of food now at a tenth of $800 bill.

but they didn't so instead of u & i having lively debates about the qualities of keynesian economics, i'm left in total & utter agreement with you.   could be wrong, but methinks that in private conversation after a couple of beers, the guy that ran that project would be as well.

free the pork, free the people.

Fri, 07/22/2011 - 23:43 | 1484127 gmrpeabody
gmrpeabody's picture

+1

Sat, 07/23/2011 - 00:30 | 1484234 nmewn
nmewn's picture

I don't hate that or you tip e...far from it, you know that, I'm your bro.

Don't take offense but, if what I'm envisioning from your description is accurate, PVC for poles (for disassembly/mobility) with a lightweight covering?

Kids should be taught how things work, mechanically & engineering wise and of course how to grow things. This is properly done (at the rudimentary level) by family.

I would be interested to know if this is another ongoing federal outlay or a one shot deal. PVC, I'm assuming PVC, in ultraviolet light becomes brittle and has to be replaced, along with the covering...where will the funds come from to replace them when it wears out?

If they are going to sell some of the vegetables for profit in order to purhase supplies I can't say no now at this point, but we all should live within the same IRS rules ;-)

And I certainly don't think the taxpayer should have to be forced to subsidize someone who would come later saying we need seeds, water bill payment, fertilizer, new poles, covering and be faced with inner city kids in tow with tears streaming down their cheeks asking us to give it to them.

Labor is not a problem (having kids I know...LOL) but who organizes the labor?...are they paid or volunteer?

If it were a true communal endeavor I wouldn't have a problem at all with it, in fact I would participate.

On that note...I just got back from a much deserved vacation to the beach. A bunch of crap washed up from the 4th of July one evening as we came down for a stroll...heavy banner type stuff.

A sleight rant here...as I watched a couple eco-nazis dial up their friends for support/backup and discuss the horror of it all, myself and other beach goers proceeded to pick it up and put it in a pile above the high water line. We got it all piled up and we went on our stroll.

We came back and we enjoyed the spectacle from our balcony of "the most concerned", cell phones still in hand, posing & snapping pictures atop this pile of trash like they had been on safari or something...I shit you not...LOL!!!

I guess my point in relating all that is communal/volunteer, in my mind, should be of necessity. It was necessary to get the red/white/blue plastic off the shore before the tide came in and took it out to sea where an unfortunate turtle would think it was dinner.

It didn't require a grand production, a marshalling of forces (as the do gooders thought) or some subsidy to volunteer. It just required immediate action by concerned people who volunteered their time and then continued on their way.

Sat, 07/23/2011 - 11:39 | 1484648 tip e. canoe
tip e. canoe's picture

just being euphemistic bud...you know how i have a flair for the dramatic.

no no no PVC (yuck).   aluminum frames, HDPE lining.   thinking they could probably do bamboo too if they needed/wanted.

kids got paid, $10/hour i think.   nonetheless, bet ya the project cost more in the processing and approvals then in the actual project itself.     and it was designed to collect water off hoop houses, collect heat and fertilize using compost, and letting strongest plants go to seed to continue the cycle w/o large seed purchases every season.  it was well-thought out actually, very self-sufficient and built to last.

he also detailed this other project he did with no grants, a massive aquaculture setup for $3K materials cost.   he said it would cost about 10 times that if bought commercially.   he was hinting at the hypocrisy of the dependency model, but since almost everyone else in the room was addicted to said model, he chose to tread very carefully.   i think his way is to pursue that path but show people that it's possible to do without by adding value to a limited investment and to help wean them off the dependency model through practical methods.   to his credit, he did keep stressing that the key was bottom-up vs. top-down and that this should never be compromised.

great story about the beach.   another example of how the 'system' has created an obstacle between individuals and their environment.   lucky for the turtles, some of us have purged the parasites and are able to lead simply by example.   thanks for reminding me to bring a large trash bag to the beach today,  it's gonna be a scorcher!

Sat, 07/23/2011 - 12:19 | 1484782 nmewn
nmewn's picture

"to his credit, he did keep stressing that the key was bottom-up vs. top-down and that this should never be compromised."

Thats exactly where I'm at.

Be careful out there, I'm still peeling ;-)

Fri, 07/22/2011 - 18:54 | 1483038 ElvisDog
ElvisDog's picture

I used to count myself as one, (a Republican).

Which of course tells us all that (1) you never were or are a Republican, and (2) that you are a Democrat troll. Well done.

Fri, 07/22/2011 - 19:29 | 1483104 A Lunatic
A Lunatic's picture

irrelevant statement. (edited to satisfy the spell cops)

Fri, 07/22/2011 - 19:13 | 1483122 cosmictrainwreck
cosmictrainwreck's picture

apparently one too many blows to the head in nightlies with Inpsector Cleauseau (sp?)

Fri, 07/22/2011 - 19:36 | 1483214 gwar5
gwar5's picture

Dems have not done anything right, and they had total control all to themselves. They could have raised taxes then if it was such a good idea. Even Bamm said it would cost jobs. 

They didn't even propose a budget for 2.5 years, much less do one, as required by law. They were too embarrassed to put a budgets on the record with 1.5 Trillion annual deficits x3 years. If they know it's so wrong and stupid why do they continue it?

 

Fri, 07/22/2011 - 20:03 | 1483330 Ident 7777 economy
Ident 7777 economy's picture

+1.5T

Fri, 07/22/2011 - 18:32 | 1482918 Cheesy Bastard
Cheesy Bastard's picture

Sweet tea

Fri, 07/22/2011 - 19:13 | 1483127 Gold Dog
Gold Dog's picture

Beautiful! I am enjoying some right now!

Fri, 07/22/2011 - 19:27 | 1483181 Cheesy Bastard
Cheesy Bastard's picture

Cheers, Gold!

Fri, 07/22/2011 - 18:36 | 1482939 kito
kito's picture

again, if the repubs get their way and there are massive cuts, thats bearish for gold.

Fri, 07/22/2011 - 18:42 | 1482983 Long-John-Silver
Long-John-Silver's picture

True; but as long as the democrats control the Senate and Obama is President. Nothing is going to "change".

Fri, 07/22/2011 - 20:03 | 1483329 Pure Evil
Pure Evil's picture

Damn, and I smoked up my stash of hopium expecting some Obama change.

Fri, 07/22/2011 - 18:52 | 1483026 hack3434
hack3434's picture

Austerity>Less growth>Less revenue>More unemploment (which violates the Feds policy)=QE3

Fri, 07/22/2011 - 19:00 | 1483069 traderjoe
traderjoe's picture

Default through deflation or default through hyper-inflation - pick your poison.

Fri, 07/22/2011 - 19:32 | 1483196 j0nx
j0nx's picture

I'll take hyper-inflation for $1000 Alex. At least that way I can pay off this under-water hovel I'm stuck in and move out of this illegal alien and section 8 infested neighborhood and town that the government has allowed to thrive. Hurray for diversity!

Fri, 07/22/2011 - 19:33 | 1483203 IBelieveInMagic
IBelieveInMagic's picture

Massive cuts and Republicans don't mix -- look at their track record. This is all just theatre -- it will be passed with plenty of pork for all the politicians favorite backers.

Fri, 07/22/2011 - 20:45 | 1483539 Jendrzejczyk
Jendrzejczyk's picture

psssst, your agenda is showing

Fri, 07/22/2011 - 21:06 | 1483632 docj
docj's picture

Massive cuts?

Even under Rand Paul's "ludicrous" plan, that balanced the budget in 3-years, the Fed.Gov was supposed to spend 85% of what it spends now.

85%

Where, precisely, are those 'massive cuts' of which you speak, sonny?

Fri, 07/22/2011 - 18:37 | 1482941 cougar_w
cougar_w's picture

Oh. Hell.

Fri, 07/22/2011 - 18:38 | 1482952 equity_momo
equity_momo's picture

Got food?

Fri, 07/22/2011 - 18:38 | 1482953 Hearst
Hearst's picture

Obama just stormed out of the press conference after crying about how he couldn't get his way for the American people.

Fri, 07/22/2011 - 18:48 | 1483014 youngman
youngman's picture

What is HIS WAY,,,,he has never set out his plan....he is just voting present.....he is a face that got elected...a pretty face...no substance...he knows nothing about economics or job creation...I bet the gun shops are busy this weekend...

Fri, 07/22/2011 - 18:53 | 1483034 Hearst
Hearst's picture

A pretty face?  Well I guess compared to Michelle...

Fri, 07/22/2011 - 19:35 | 1483209 andybev01
andybev01's picture

Meee-owwww!

 

Fri, 07/22/2011 - 20:06 | 1483342 DosZap
DosZap's picture

youngman,

His way is the destruction of what's left way.That is why he was elected to begin with.

I still am in awe of the people that just do not get it,his agenda, and what he was elected to do.He has not in good faith sat down with the GOP with the intent of meeting them halfway on one thing, nada,zilch.

It's all show,and scoring politcal points,and running out the clock, OUR clock.

Fri, 07/22/2011 - 22:28 | 1483450 tip e. canoe
tip e. canoe's picture

+2O12

one minor revision: "(s)elected" to be elected

update: just heard the voice of the "president' (most insightful word Timmah wrote the other day, actually 2nd to $600,000,000,000,000) 'LIVE ON NPR!'

his voice betrays him.   seems like that "Fair O Of The Free World" carrot is being pulled farther and farther away...can't have a Big Carrot without a Big Stick.

http://www.youtube.com/watch?v=d7IMp5tw9t8

 

 

Fri, 07/22/2011 - 21:00 | 1483601 John_Coltrane
John_Coltrane's picture

I heard he cried pitifully, "that mean republican congress won't raise my credit limit 'cause they say I have no way to ever pay it back" 

I hand it to the house, they passed a budget for 2012 and passed the cut, cap and balance bill.  They're the adults.  The teens have overspent their credit card and it needs to be cut up.  Apparently, the senate just killed the bill by 51-46.  Big mistake since they don't have anything to take its place.  So, its will just be live on cash flow for awhile.

Fri, 07/22/2011 - 18:38 | 1482955 lolmao500
lolmao500's picture

The real default date is August 15... and maybe not even that... it may even be August 18.

They have till August 14 to pass a deal. They can do it in less than 24 hres, they have done it before (TARP)... But if they do that, the markets are gonna drop a few thousands points ... maybe that's what they want to have the political capital to pass it.

Fri, 07/22/2011 - 19:01 | 1483073 Buck Johnson
Buck Johnson's picture

Thats another reason why many in the house and senate won't pass the bill, they believe that the date of Aug 2 isn't real and even August 15 too.  They think that the world won't implode pure and simple.  They also want this to happen because it would force Obama to make decisions that he don't want and they can go after him for.  This isn't even theater, I've seen washington theater over the decades this is ideology to the extreme that is juxtaposed to the other ideas and there is no possibility of a compromise unless one cry's uncle and that won't happen.  Obama was mad as hell and you could tell, for Boehner to put out that 2 page letter tells me that they won't be talking this weekend. 

He is trying to do a runaround on the president and essentially their isn't even enough time for that.  The way I see it, let the default happen it should.  We have people having trouble paying their bills and student loans they can't discharge in bankruptcy and no jobs.  Call a jubilee and erase all debts like they don't exists.

Fri, 07/22/2011 - 19:35 | 1483211 j0nx
j0nx's picture

Amen brother! If the country defaults then I am joining the fun with my finances as well. Not much point to paying your mortgage after that anyway, especially if you are an under-water renter that has to pay to fix shit when it breaks like me.

Fri, 07/22/2011 - 18:44 | 1482958 TK69
TK69's picture

One step in the right direction.  Default will not mean much outside of washington and those that depend on Government, but it is a start for freeing up some desperatly needed money in the economy, which will be good for the country.

Fri, 07/22/2011 - 18:49 | 1482961 ThisIsBob
ThisIsBob's picture

The community organizer's administration has been kissing big money's white ass since he was elected.  Here's hoping they all go down together - I'll gladly punt my ss check to be there as it happens. 

Fri, 07/22/2011 - 18:41 | 1482966 nmewn
nmewn's picture

CC&B contained a Balanced Budget Amendment that if passed would have gone to the States for ratification.

There are twenty senators who are on the record as being for a Balanced Budget Amendment...they all voted against it.

Fri, 07/22/2011 - 18:42 | 1482979 lolmao500
lolmao500's picture

There are twenty senators who are on the record as being for a Balanced Budget Amendment...they all voted against it.

Now that's rich.

Fri, 07/22/2011 - 18:53 | 1483030 Shell Game
Shell Game's picture

Whoever said, "Don't hate the players, hate the game", never ceases to be half right..

Fri, 07/22/2011 - 20:04 | 1483332 dracos_ghost
dracos_ghost's picture

I'd be carefull about wishing for a balanced budget ammendment. It will degenerate into a con-con and then whoa nellie, bar the doors on the Marxist/Progressive incubus that comes out of that.

Fri, 07/22/2011 - 20:59 | 1483588 nmewn
nmewn's picture

"It will degenerate into a con-con and then whoa nellie, bar the doors on the Marxist/Progressive incubus that comes out of that."

Can't possibly be worse than what we have now.

"Shovel ready jobs" funds to study gay mens penis sizes?...lol...nine and a half million bucks.

And we are told by this administration they got their eye on waste & fraud...yeah, watching it sashay out the door.

Boner bitchez!!!...ROTFLMAO!!!

Fri, 07/22/2011 - 18:41 | 1482969 Monaco
Monaco's picture

BOehNER <lol>

Fri, 07/22/2011 - 18:42 | 1482980 Milestones
Milestones's picture

Ole Bonner really knows how lard up a page and a half. I agree with Ron Paul lets default and take our lumps now. Should have done it when it would have been 4 Trillion plus cheaper and less damaging. Lots and lots of people are going to have to go away.... Milestones

Fri, 07/22/2011 - 19:27 | 1483180 rufusbird
rufusbird's picture

Yes, if only they had given this much consideration to the bail out bill...

Fri, 07/22/2011 - 18:42 | 1482981 Loco Vida
Loco Vida's picture

Im 47 years old and never had a budget....doing great with a new 7BR mansion on San Juan del Sur.......Loco says Fuck it and Fuck you.............as Loco walks away whistling "We built this city on rock and roll" combined with Hall and Oates "youre a rich girl, but you gone too far"

 

relying on the old mans money............BWHAHAHAHHAHA............who cares....let it go.......the American Continent aint going anywhere......ever heard of a Debt Jubilee.....Jesus did...............go borrow the money as all is about to be forgiven by the Anti Christ to make him popular

 

Trust The Loco............if you junk me you will be made to look like Timmy G in hell and have to give a fisting to Michele O(only way she will feel it) :@

Fri, 07/22/2011 - 18:50 | 1483017 HungrySeagull
HungrySeagull's picture

Now I think you have gone too far. I am personally offended by your desire to commit devient acts on our Leaders and thier family.

I junked you and will continue to junk.

Fri, 07/22/2011 - 18:55 | 1483042 Loco Vida
Loco Vida's picture

Now Loco knows you care :)................bunch of twisted fucks you are:))))))

 

Loco likie it.............

Fri, 07/22/2011 - 19:19 | 1483144 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

How do you remember your password(s)?  Do you keep it (them) taped to your wall above your computer?

Fri, 07/22/2011 - 20:56 | 1483586 ipunchsquirrels
ipunchsquirrels's picture

he has them tapped to his ass hairs for all to see.....i'm just saying....

Fri, 07/22/2011 - 20:08 | 1483348 hardcleareye
hardcleareye's picture

Tyler, this post is truly offensive.  Would you please remove it?

Thanks

Sat, 07/23/2011 - 00:24 | 1484217 efiniti
efiniti's picture

Your mom is offensive.  GTFO kid

Fri, 07/22/2011 - 18:44 | 1482985 RobotTrader
RobotTrader's picture

Will stocks sell off and will money flee back into Uncle Gorilla notes?

Anybody wanna bet that Treasury yields plunge on Monday?

Virtually any financial market convulsion or bout of uncertainty is likely to run the Wildebeest herd right into the safety of U.S. Treasuries, regardless of default risk or credit rating.

Heh, all Bernanke's mouthpieces have to do is shout "Fire in the Hole!" in the Greek bond theater, and send European CDO prices through the roof, and voila!!!

Money flees into U.S. Treasuries and gold as a result of jawboning.

Fri, 07/22/2011 - 18:48 | 1483011 Loco Vida
Loco Vida's picture

USA defaults,,,USA= the safest play on the planet...

 

Loco walking away whistling "Im youre pusher man"

Fri, 07/22/2011 - 18:52 | 1483028 HungrySeagull
HungrySeagull's picture

No Robot, All they have to do is ask Ben one simple question come monday am.

Now that the United States is in Default, what will you do with the lat month's income which is about ... 220 mil and forecast to plummet to zero?

We have had pauses, Tics, quivering lips and think we are entering Seizure territory either a Mal or a Mental loss of self.

Fri, 07/22/2011 - 18:54 | 1483041 mynhair
mynhair's picture

Given the facts as of now, everything plunges but PM's Mon.

The pigmen are screwed.  They bet on the wrong Squirrel.

Fri, 07/22/2011 - 19:00 | 1483064 Loco Vida
Loco Vida's picture

PMs will drop like you touching a metal shovel after leaving it in the TX heat for 2 minutes without gloves...........POO will shoot to the moon........hell, some planet they aint even invented yet

 

Loco walking away whistling " Rocket Man".............with contract astronauts.....they cheaper by the 3,000.............bwhahahhahahha............Fuck the moon and infinity too

Fri, 07/22/2011 - 21:59 | 1483853 mess nonster
mess nonster's picture

I junked you because of your abominable taste in music. If KC Kacem is still alive, I think he is you. Besides, (and I don't know what POO stands for, except that you like it), PM's are going to burn your ass like getting hit in the head with that hot Texas shovel- no I didn't mix metaphors, I can't tell your head from your ass, I think the former is inside the latter.

Fri, 07/22/2011 - 19:04 | 1483084 10044
10044's picture

aren't the tresuries f'd because of this? what are you smoking bro??

Fri, 07/22/2011 - 19:13 | 1483126 mynhair
mynhair's picture

It will be transitory.  Our mortgaging the future is done.  Only Soros types will be dumping cuz they are so 90's.

Fri, 07/22/2011 - 19:05 | 1483090 r101958
r101958's picture

I agree with you on this one Robo. The Gov't, Fed, Ratings Agencies tripartite do effect some pretty brazen manipulations.

Fri, 07/22/2011 - 19:29 | 1483187 decon
decon's picture

And wouldn't you know it!  There are are note and bill auctions on 4 of 5 days next week.

Fri, 07/22/2011 - 18:44 | 1482991 John McCloy
John McCloy's picture

But Hey....We pumped the markets and the financials this week on no volume on promises so hey...we can just come back next week and ramp the Dow baking in another 430 points on the sole end point that the spending of dollars continues just to keep the plates spinning although the economic fundamentals once again continue to deteriorate. 

   Tis nothing but a day by day game of rumors which will eventually present is with that massive vacuum of dow points because true selling and volume will allow for equities to be properly reflected for the falsities they are.

Fri, 07/22/2011 - 18:44 | 1482993 NumNutt
NumNutt's picture

DEFAULT! Awesome, so now the federal retards will be unemployed just like the rest of us. Bring it on! Oh and on an upside this is going to cause the FAA to shut down, causing the cost of airline tickets to go down by $61. Does this mean that I won't get charged Federal taxes for the days that they are closed?

Fri, 07/22/2011 - 18:50 | 1483018 Long-John-Silver
Long-John-Silver's picture

Don't forget that Timmy raided their G-fund and Thrift savings accounts.

This is going to be fun to watch. You always pay the security people first

but these idiots raided their accounts leaving them nothing but Jack's shit.

It's going to be funny when they order the troops to fire and the bullets

start killing the people issuing the fire orders.

Fri, 07/22/2011 - 19:40 | 1483236 andybev01
andybev01's picture

You just made me smile. :-)

Fri, 07/22/2011 - 18:45 | 1482994 I think I need ...
I think I need to buy a gun's picture

he said this before weeks ago....obama said "i am going to take the fall" all of it not the dems or republicans....they are setting the whole thing up for the end game

Fri, 07/22/2011 - 18:45 | 1482997 Spastica Rex
Spastica Rex's picture

What if default is the plan and then in the ensuing chaos, some odius "master plan" is put into effect?

Huh? Huh?

Fri, 07/22/2011 - 19:09 | 1483107 Cheesy Bastard
Cheesy Bastard's picture

If that is the case, I believe we are supposed to bitterly cling to our guns and bibles.

Fri, 07/22/2011 - 18:47 | 1483004 Totin
Totin's picture

I kind of like the Democrats idea. Let's wait til 2013 to address the problem. By then we'll only be $18 Trillion in debt. If we can just borrow more money now we'll be able to resolve all of our problems. Prosperity in 2013 ya'll! Hoo rah!

Fri, 07/22/2011 - 18:49 | 1483007 Salinger
Salinger's picture

Obama 41%, Ron Paul 37%

Congressman Ron Paul may be a long shot to win the Republican presidential nomination, but he runs competitively with President Obama right now.

 

The latest Rasmussen Reports national telephone survey of Likely Voters shows Paul picking up 37% of the vote, while the president earns 41%.

 

 

http://www.rasmussenreports.com/public_content/politics/elections/electi...

Fri, 07/22/2011 - 18:52 | 1483029 Cole Younger
Cole Younger's picture

Ron Paul seems to be the only one openly exposing the problems while all other politicians are just trying to kick the can down the road. He may never win a election but he is still a big thorn in the side of both parties. I hope he keeps it up and doesn't get assisnated. 

Fri, 07/22/2011 - 18:53 | 1483037 michaelj007
michaelj007's picture

I registered REP just so I could vote for RP in the primaries... I'm not holding my breath though bud.  LONGSHOT would be an enormous understatement.

Fri, 07/22/2011 - 18:48 | 1483015 mynhair
mynhair's picture

Told ya there would be no deal.

I luv the smell of veto override in the morning!  It smells like TEA!

Fri, 07/22/2011 - 18:51 | 1483019 wombats
wombats's picture

Time to just push the "RESET" button.  Guess I'll be going to the bank soon for a withdrawl just in case...

Fri, 07/22/2011 - 18:51 | 1483020 PLove
PLove's picture

"Come unto Jesus and be sanctified."

Or I burn the constitution by executive order.

 

 

Fri, 07/22/2011 - 18:51 | 1483022 caerus
caerus's picture

two words...bear cavalry

Fri, 07/22/2011 - 18:51 | 1483023 michaelj007
michaelj007's picture

They'll come to a deal at the last minute then pat themselves on the fucking backs about how hard they worked to secure a better future for us.  I would personally love to see most of our politicians swinging from the gallows with snapped necks and shit stained draws.

Fri, 07/22/2011 - 19:19 | 1483143 A Lunatic
A Lunatic's picture

And here I was hoping for some high stakes fear mongering and talk about Armageddon while behind the scenes hundreds of billions more dollars went overseas to bailout the Euro zone. A shitload of higher taxes in the form of tax cuts would have been nice too.....along with a healthy dose of sacrifice and unity with just a smattering of Patriotic duty, saving the world etc. (sigh)

Fri, 07/22/2011 - 18:52 | 1483024 navy62802
navy62802's picture

THANK THE LORD!!!! I, much like Ron Paul, hope the US experiences a sovereign default. I don't believe there's any other way for us to effect any meaningful economic reform. Of course default will be painful, but a moderate amount of pain now is definitely worth the tremendous amount of pain we'd feel later on down the road. The inability of our governing body to reach a consensus even on this crucially important issue is nothing more than simbolic of their inability to lead the nation. Hopefully, if we do go into default on our national debt obligations, we will experience a transformation. I envision people awakening to their civic duty, questioning the existence of government and why we have it. And how it should be changed for the better. These people who are in charge now have no clue. They don't understand that violence and misery knock at their door. And when their inability to make a decision comes to a very real fruition, they will understand. They'll understand that the people they represent are very real. The anger of the people they represent is also very real. There will be an American Summer just as there was an Arab Spring.

Fri, 07/22/2011 - 18:54 | 1483040 HungrySeagull
HungrySeagull's picture

The last time we had one of those was when Jackson organized the NOLA defenses within a week of the British attack. Everyone came down from all over to help.

I think we will call this one America's Bounce.

Fri, 07/22/2011 - 22:44 | 1483980 StormShadow
StormShadow's picture

For a second there I thought you were referring to Jesse Jackson ;)

Fri, 07/22/2011 - 19:54 | 1483287 j0nx
j0nx's picture

Get the F out of here. The inner cities will go up in smoke just like New Orleans did after Katrina. Anywhere there is a large black population will be a war zone which pretty much means every major city. We have seen it multiple times in the past. It is fact and it is not debatable. The minute those entitlement checks dry up or stores close for lack of supplies or if commodity distribution chains are affected then it equals an immediate anarchy in every major city. The major cities in this country are nothing more than 1000 disparate cultures living in a fragile state of harmony with one another and any kind of upheaval will start the shit since none of those 1000 different cultures that live amongst each other really knows or trusts the other 999 they are living next to. Go ahead and believe what you want but I know what is headed our way if the economy implodes.

Fri, 07/22/2011 - 20:02 | 1483324 nmewn
nmewn's picture

I would advise you to wad the ransom note up and throw it in the trash.

And move to higher ground ;-)

Fri, 07/22/2011 - 20:05 | 1483339 Ident 7777 economy
Ident 7777 economy's picture

But, New Orleans was soggy ... not much 'smoke'.

Fri, 07/22/2011 - 18:55 | 1483043 PulauHantu29
PulauHantu29's picture

mmm...why no one mentions taxing the Mega-Bonuses is strange. The $100 million paychecks seem to go unnoticed by both parties.....mmmm.

Fri, 07/22/2011 - 19:12 | 1483116 r101958
r101958's picture

I believe they get taxed at 39%. But, I understand that you want to emphasize, once again, the us vs. them meme.

Fri, 07/22/2011 - 20:35 | 1483492 maximin thrax
maximin thrax's picture

Whatta ya mean neither party notices? Why do you think government is working so hard to assist in hiding the losses and marking to fantasy in the financial industry? It's to insure that money that should be plugging ballance sheet holes goes out instead as income so Uncle Sugar gets its 39% cut.

What gets me is why people like you think increasing the government's share of the mega-bonuses will make said government any more likely to pursue policy to increase YOUR prosperity at the expense of the "banksters"? It behoves the federal government that those in the highest tax brackets make as much money as possible, as often as possible, in any way possible.

I don't know about you, but I'm skeptical that a cop on the take for 39% of the neighborhood gangs' booty is going to do much about finding the gangsta that boosted your Lexus.

Taxing the poor being politically impossible (the poorest half of us earn one-eighth of all declared income but pay only one-fortieth of all income taxes), they get taxed indirectly by being herded into the nation's banking institutions to learn how going into debt is the answer to achieving the American Dream, their fleece making those mega-bonuses possible.

Fri, 07/22/2011 - 18:56 | 1483045 JimS
JimS's picture

Tyler, question, for you. What's your take on market action for Monday morning?

Fri, 07/22/2011 - 19:02 | 1483078 Tyler Durden
Tyler Durden's picture

SPY which is still trading is down the equivalent of 6 ES points right now. Market still believes this is mostly posturing. If the market changes its mind and sees this as the reality, the ES would be down 1-200 points in seconds. Of course if America defaults, the stock market will be meaningless.

Fri, 07/22/2011 - 19:09 | 1483103 mynhair
mynhair's picture

Mr. Market is a collection of moron bots.  Glad I cashed out my remaining IRA yesterday.

Taking the check.

Fri, 07/22/2011 - 19:48 | 1483269 JustPrintMoreDuh
JustPrintMoreDuh's picture

I salute you sir.  The gains you'll make in the pm's you will buy will more than make up for the utter ass-raping you'll receive in taxation / continuing dollar debasement.

Fri, 07/22/2011 - 20:49 | 1483561 Jendrzejczyk
Jendrzejczyk's picture

He's not buying PMs, just stock in Mr. Bachmanns therapy corp.

Fri, 07/22/2011 - 20:41 | 1483521 lawrence1
lawrence1's picture

Smart, cash it fast and buy something which wont disappear in a micro second.

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