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Congress Passes Republican One Week Stopgap US Budget Measure, Obama Veto Next
Flashing headline that Congress has passed the stopgap budget measure. This is not a surprise. What will be a surprise is if the measure first passes the Senate (and they better move quick: 26 hours or so left), and then Obama has to not veto it. Which he has said he will. In other words this is a major non-event for the time being.
From Bloomberg:
The measure, passed 247-181, would cut another $12 billion in spending this year and fund the Pentagon at current levels through Sept. 30. Senate Majority Leader Harry Reid, a Nevada Democrat, called the bill a “non-starter.”
Reid and House Speaker John Boehner, an Ohio Republican, returned to the White House today to meet with Obama for talks to try to avert a shutdown at midnight tomorrow.
Leaders of both parties insist they don’t want a shutdown while they maneuver to avoid blame if one occurs.
An administration statement, in threatening a veto of the short-term House measure, said it would be a “distraction” from the budget talks. Reid said the one-week measure is a sure “way to close the government.”
Boehner called on the Senate to act on the bill.
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BUY THE FUCKING NON-EVENT!
Yep! BTFD!!
armageddon priced in, smooth ride up to s&p 36,000.
central planning, bitchez.
TYLER,
http://www.lse.ac.uk/resources/podcasts/publicLecturesAndEvents.htm
download the mp3 of The Economic Outlook and Financial Industry Challenges
Speaker: Thomas M Hoenig
Chair: Dr Philippa Malmgren
This event was recorded on 30 March 2011 in Sheikh Zayed Theatre, New Academic Building
I ask Mr Hoenig about market manipulation of PM markets at the 55.30 mark!!! And I shook his hand afterward... this is what we need real debate and discussion, peacefully and see if can change the BS that has been going on.
please circulate or call me a dumbass I do not care I will stay my course, but I want more free open questioning and debate
Now I am going to go grab a curry and head to the pub! Have a good day in the states!
so, why post about it?
http://covert2.wordpress.com
Oh, I just love it so. I'm such a drama queen!
obama standing strong for fraud, corruption, funding abortions and communism
obama said he was concerned about pay for the troops but this stop gap measure provides the troops get paid -
which is the only reason why Republicans put it in there. Then the partisan idiots can say "Obama doesn't want to pay the troops!" when he vetoes it.
take a breath - you call them "idiots" because they wish to pay the troops?
BTW obama and dems also reject a proposal for president and congress not to be paid if there is a shut down
No, they want dems to look bad. That's the only reason it's in there.
I was referring to partisan idiots who haven't realized that Republicans and Democrats are corrupt to the core. This is just a big distraction.
Why do we need troops?
I say fire 90% of them. We don't need to be the world's policeman/thug. Bring our boys home!
+100 on that idea.
Nice handle, "The Monkey Wrench Gang" is a great book.
I agree with tmosley too.
Yes!
Hell yeah.
Didn't Iraq throw us out? Why are we still paying full price?
You gotta love how the Repubs are such fiscal stalwarts when there's a Dem prez. If Obama were a Repub they'd be lifting that debt ceiling and and giving all of us a patriotic speech about fighting for freedom and God and all that good shit.
First requirement for being in the US Congress or Senate is being a good BS artist, although you don't have to be as good anymore with the population dumbed down so well.
Obama's export strategy--> Aggression, Fraud, Inflation to everyone in the world - I am certain Madagscar or Micronesia is next after Libya
Obama wants to pay people who won't vote for him? Thats not the change I voted for.
you can junk all you want but you cant defend your obamagod
You're getting junked because you seem to think that it's only Obama taking us there and not ALL of them.
obamas running the show - dont blame others. like it or not he is the president.
how is he leading in any constructive way?
Right ok. Why bother having Congress then? He doesn't write the bills. I'm not defending Obama. It's not like he's any more destructive than Bush or whatever crappy Republican is president in 2012.
Whew...it's hard to beat that kind of airtight thinking.
Is recess over yet?
Let me put it this way. I DESPISE Obama. Clear enough? However, your third grade level political discourse is making me think I could find a better discussion at Yahoo Politics.
...and communism"
Lenin is rolling in his mausoleum
so you deny that obama has repeatedly pledged to redistribute the wealth according to his liking
It would be good if he redistributed the wealth stolen by the banks. But he's not planning on it no matter what he says.
Dempublicans and Republicrats are both cowards when it comes to the banks. F'ck both parties.
so you deny that Lenin is in mausoleum
Perfect! This wil allow for the criminal syndicate known as Wall Street to insert one more price dislocation prior to Friday. Wonderful!
OK...so down on Japan...up on Japan all clear....down on the budget crisis....back up on a deal....woot! Down on veto. Sweet! What a wonderful market! Investors everywhere must be clamoring to get in!
Will someone please get a fire hose into the room next to where Duncan Niederauer takes his afternoon dump, and hose down all co located things...please.
All this is confusing me. I think i will eat my lunch
Shouldn't it say House passed budget measure. Isn't Congress the term for both the House and the Senate?
yeah, it won't get to Obama.
Not if the senate covers his ass. But it might be time for them to finally expose him for who he really is. For his legally blind constituents.
When Dawson's Creek went off the air, I was hungering for teenage melodrama, now I hunger no more.
Yeah, except no girls in this plot...
You give them far too much credit, this is more like "Rugrats" on Nicklelodeon™!
More war, earthquakes and sovereign defaults??!!!
I was watching a baseball game, the Yankees just took the lead, now I'm gonna have to go buy the fucking dip...
Not many are watching from the seats , place is empty !
Weather's crappy and too many dips to buy today. Staying downtown.
... and the Sox lost again.... I'm not buying that dip.
Who cares? We are doomed , Right? Why should it matter.
Entertainment value. Pass the popcorn and Jack Daniels please.
Agreed, in terms of the dollar outcome. It appears that we'll be defining the social terms of the inevitable disaster all along the way, however. FWIW.
Isn't that "One Weak Stopgap US Budget Measure"
Weak as a piece of spaghetti cooked for 30 minutes!
These fuckers just bought everything on the menu with a bad check, and are now bickering about whether to leave no tip, or leave a flattened penny with a picture of Helicopter Ben's face smashed into it.
++1 cent
Now that's some funny shit.
I say we leave the real thing (Ben's smashed face, that is).
perfectly timed non event news release to assure an end of day rally...despite everything else...which I cannot list since I would be listing shit until well after market closes...
The whole thing is a non event.
It's kabuki theater for the idiots who don't know the full context of things. They're bickering over a tiny slice of the massive deficit spending. And the cowardly cipher in chief is probably the worst of the three power blocks. We are so screwed.
I wish a fiscal problem with the FRB would be news.
Barry won't even have to veto it as it will never clear the Senate. He overplayed his hand here. For being a "shrewd Chicago politico" he sure doesn't play the game very well these days.
Exactly. For a guy who gave tax breaks to the wealthy (brilliant political move), he seems to be backtracking here. Does he miss his chief of staff? He is falling on the sword for the senate. Do they have something on him?
Throw some Bama Bucks on top as a stopgap, won't that save the budget? No Mr President there are no more Bama Bucks, Joe Biden told us they are worthless and that we could take home the remainder of the printed Bama Bucks stacked in the Oval office and wipe our asses with them! Godamm Joe, where is he? Sir he is arguing on the phone with Tony Blair, jesus christ I have told Joe 100 times that Blair is not the PM anymore.
Obama says a lot of stuff he doesn't mean. There's lots of examples but the most recent one concerning Qadaffi that he in no uncertain terms had to go. As well all know Qadaffi will still be running his country long after Obama's term comes to an end.
Fidel Castro has outlasted 9 US Presidents already, what's one more?
6 months worth of budget, less than 2 percent of ciscretionary budget, 10 billion in difference, and they are wiling to incur big costs of a shutdown, what a joke, if you represent us you should be trying to find a solution..if they serious about reducing deficit, they would consider Defense cuts and raise taxes on rich, both of which enjoy consistent popularity in polls and they would make hard choice about big costs of current Medicare benes and its looming insolvency...but Repubs spent all of 2009 and 2010 defending Medicare spending against mild cost reforms of Dems HCR and you know, defense spending is not "govt spending" and never involves waste or fraud and always is very helpful to the lives of regular folks...
This was necessary so they can all blame each other for the government shutdown. Politics as usual.
sadly seems true
So were gonna shut down. Good.
More Tea Party ideological games... they're using the budget to impose their ideological will on the country without regard for those they hurt.
They are out of control, and should get all of the blame for this circus, and the damage done if it's shut down.
What damage?
If you're so sure there will be damage, then tell everyone, off the top of your head the date of the gov't shutdown in Clinton's administration. Because there must have been so much *damage*, right? It must have stuck with you though none of the other 300 million of us could recall the exact dates.
Please. Don't literally become a talking point yourself. It was enough for you to to completely side with one group. You didn't have to convince yourself of their lies, too.
Insecure people make debate personal... I addressed the situation as I see it, I do not attack anyone's personal position, unless of course they go after me... then they're fair game!
Last time I checked, the Republicons are running the House and the Decepticrats are running the Senate -- check yoru premises.
You're right. Better to stop arguing and just keep the Galactic American Spendathon going.
Stop spending money WE DON'T HAVE? Gosh, what are those lame-arsed tea-partiers thinking?
Jeez-Louise!!
This has nothing to do with the deficit or spending (do you know the facts or do you just lash out like some programed dolt)... the Tea Party children are demanding cuts to most of the favorite targets (Planned Parenthood, NPR, etc). The Dems have agreed to every dollar of cuts in the original GOP House proposal but the 'kiddies' just send Boehner (tail between legs) back for more each time.
This is about the next six months of spending, does nothing to address deficit issues, and is simply childish posturing by the Tea Party lose cannons. Like their state GOP siblings (how's that going for ya Scott), they will get a rude awakening the next time they face the voters... just like Beck, they have a shelf life... and it's just about up.
While i'm not a Beck fan, it's apparant he has a shelf life of a Hostess Twinkie - indefinate.
He's not going anywhere.
Absolutely SRV! +100
Oh, yes. Bravo, indeed. It oozes logic to blame a grassroots movement that emerged after this country's descent into the greatest crisis of our generation. Yep, our leaders have it right, if only that damn tea-party would let them get to work! Mm-hmm, right.
Thanks for being like so many other partisan fucks out there..
lol. "In other words this is a major non-event for the time being."
Fucking love you Tyler. I fucking LOVE YOU.
Financial blog groupies... This is a crazy world we live in.
Is it because of the Brad Pitt avatar? Cause I am almost certain he or she doesn't actually look like that.
I wonder if Jim Grant has groupies?
Ha! When you google 'Jim Grant Groupies' you get this:
http://www.zerohedge.com/article/jim-grant-fed-now-business-manipulating-stock-marketshould-confess-it-has-sinned-grievously?CFID=16083887&CFTOKEN=551edb9efdd69f0a-2EBBC2D6-C839-F68C-932540355E673370
I guess TD is the only one with groupies. I want some fuckng groupies. Where's my groupies.
Not many can relate to someone with a paper bag over their head; man up and get a real avatar for starters!
LOL +1MM - My co-workers have all left the building as they are afraid that yours truly is a raging psychopath or about to go postal after I bursted out in laughter (after reading your post) -
After a more thorough Google search, I can now confirm that Jim Grant does not have groupies.
Now that is a HALLMARK moment - Posting to a blog (cost of computer & internet service), taking the time to read the posts (Wall Streeters, Federal Reserve, other Banksters, $$$$, everyone else - less than minimum wage after inflation), posting to Tyler, I fucking LOVE YOU...priceless
time to go buy some physical solar panels.
I got mine last week. Buy Goal Zero solar products. Highly recommend. :)
I just bought six.
Look at the bankers pulling the puppet strings. While everyone is taking sides between R's and D's, the banks are being ignored as the source of the problems.
It's not R vs. D. It's us vs. R's,D's and banks!
+ 1 googleplex
So true.. The emporer is naked and 97% see clothes. It's freaking body hair people, he's neked!!
According the the ongoing Corporate Media shows What Reality Is and What Matters Politically, your estimation would be correct. But in the crude world of living people, at least half instinctively know we're under attack by the banksters. People are ignoring it because they are still getting by and the Corporate Media polls don't ask the troublesome questions that would undermine their scripts, but let shit get painful for a significantly greater proportion of the population and we'll see that most people already know what's up.
I guess the false flag iran nuke attack will be the next week then you know to give them time to prepare
All this over a half-eaten bag of dorito's?
I'd yawn about this, if I could care enough to...which I don't.
It seems to be confusing to Tyler too. "Congress" is not exactly the same thing as the House.
There are several tylers with varying abilities. I like the older smarter tyler best. I cant imagine he would have made that mistake. I was all excited that harry reid had allowed a senate vote when i read.the headline.
Impeach the Obama-Puppet.
And replace him with another puppet? Won't help.
I disagree. Biden is even a much greater transparent joke. It will wake more politically challenged people out of their trance. We've got nothing to lose and something to gain...Impeach the Puppet!
As a fed worker I wouldn't mind a few days of furlough to get other shit done. Ultimately, I think this budget battle is a power play to see who is in the driver's seat for the 2012 budget and it vast implications.
Really? You must have been busy lately err, or not paying attention. Just joking with ya, ha!
Would you please stop "Publically" Servicing me?
Resignation or seppuku, your choice.
when these guys can't even agree on cutting a few billion, you can be certain it'll end in tears $_$
LOL @ the TSA...
Public servitude, bitches!
I have e-mailed the President many times throughout his tenure and have expressed my sentiments in regard to the Federal budget and the economy among other things. I've criticized his recent selection for his Chief of Staff and share my concerns about JP Morgan and their fraudulent short position at the comex. In my mind there are not enough citizens supporting this effort to show our awareness of the problem. If enough people show that they aren't getting the wool pulled over their eyes then this could bring about a game change. Maybe.
Hmm, how to break this to you?..........
Kabuki Theater... Amazing the Shit Sandwiches created by the Clowns of Congress and served-up by their 4th branch of government. Corporate MSM (media).
They're all afraid to reralize that if they lose their congressional job(s)... there's no openings for stand up comics on the Laugh Tour. Maybe a few openings for bullshit artists jobs on Sunday Morning indoctrination entertainment.
Yeah, life is a SHIT Sandwich, the more bread you have the less shit you eat!
I wonder how long it will take for anybody to notice.
In my country, the government shut down 12 months ago... nobody cares anymore. All still seems to work out just fine.
I knew i loved belgium.
What a great people.
Thanks for the info, flannel monster.
He's a monster, run away!
http://en.wikipedia.org/wiki/Domokun
:>D
Obama will NOT veto that bill, are you crazy? He doesn't want anyone to have an excuse to NOT pay their TAXES.
Like taxes will enable them to pay for their spending spree :)
It would be like a junky taking a dayjob at Mcdonals to pay for his 1000$ a day fixes.
Go ahead you pussy. Veto it.
so we really are running out of money
.
THAN PAY ME WITH SILVER IF YA' DO
Just imagine...
The US OF A
If anybody ever said this could happen 2 to 3 years ago, they would have looked at you like you where a looney.
Now it's here. It's a fact. Credit declined.
Sorry...
there seems to be a problem with your bank. We can only accept cash from now on.
“…We can only accept cash from now on.” Cash, check, charge, soon it will make little difference… all declined. Cash will then mean only tangible assets.
A nation living on plastic...have you seen Michael C. Ruppert's documentary "Collapse?" His insight on fiat money and our current economic situation is mystifying, he completely predicted the 2008 collapse about a year or two in advance.
www.forecastfortomorrow.com
As more people reach their pain threshold, they will act. Whether or not their action is helpful or harmful to TPTB determines what happens next! Sumtimz you eet the bar and sumtimz the bar eets you!
I was listening to an interview with Ryan about his proposal and it sounds pretty good.
The interesting thing he he thinks that we still have time to deal with the situation, that unlike Europe, we do not yet have a "debt crisis". He thinks if we wait much longer though, we will have no choice but to slash spending indiscriminately.
He may be right, but there seems to be little political will to deal with reality. It also seems that we are closer to the debt crisis than what he says.
sschu
So hard to hear what Cassandra is saying with that tornado rushing up behind ya!
So Obama vetoes it. Which banker is moving his hand this week?
I hope the government does shut down. It will prove we really don't need them. We'll get along just fine.
I hope they shut the whole damned thing down. And Barak Obama isn't even a legitimate president since he lacks a birth cirtificate from the USA. We should all be shutting his ass down. Furthermore he's so worried about government funding why not just add another costly health care bill on as pork.
Ag & Au gonna get crushed when a deal is cut on the same day that the EUR shits itself.
A true BTFD.
Shut the government down.
And leave it shut down, permanently.
The government is a fiction, and we never signed up for this fiasco.
The experiment in "central government" has been tried, and by ANY standard whatsoever it is a complete, massive, utter failure.
NO MORE FEDERAL GOVERNMENT.
NO MORE FEDERAL RESERVE.
Tyler. A little civics lesson. "Congress" is comprised of the House of Representatives and the Senate. Congress is not simply the House of Representatives, as you imply in this post.
Obama, basically Bush 2.0, going back on everything he promised originally! Impeach? Maybe...this administration more than any other is all about lying to the public, what's the deal with that?
www.forecastfortomorrow.com
moved