Congresswoman McMorris Rodgers Reponds To IMF Statement Europe Bailout Will Cost US Taxpayers $100 Billion+

Tyler Durden's picture

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Ripped Chunk's picture

"Now – based on Mr. Boutros-Ghali’s comments – we’re talking at possibly $100 billion or more.  This has got to stop.”

It will in November.  NOVEMBER INCUMBENT BLOODBATH !!! MAKE IT HAPPEN !!!

bingaling's picture

What are you going to do vote republican and end up with the same corporatist BS? Gimme a break .How many years has this gone on and it just keeps getting worse ? Even the supreme court is in on the joke .

Ripped Chunk's picture

Then give up and move away. If you want to throw up your hands and bitch, do it quietly.

I am not giving up.

Johnny Bravo's picture

Vote out the incumbents who were elected after the gross mismanagement of the United States by the previous incumbents.

Are Democrats better than Republicans?  Probably not.  Is electing Republicans the answer to fix the problems that they created?  Probably not.

Ripped Chunk's picture

They seem pretty concerned about the few "incumbent rebukes" we have seen so far in 2010.

They should be.

I have no illusions about the WWE event called Dem. vs. Repub.- Liberal vs. Conservative. It is the oldest crowd control technique known through history. Divide and conquer.

The "purging cycle" will take at least 3 elections. And that will only work if the electorate wakes up and starts paying attention. A third and possible fourth party must emerge during this time frame.

RockyRacoon's picture

You are on the right track, of course.  Doesn't matter which of the parties is holding a particular office so long as he/she knows that this is NOT a lifetime career.  It is NOT a ladder to getting rich.  It is NOT a guaranteed source of campaign funding thru lobbyists.  It is NOT a good-ole-boy network where you vote for my bill and I'll vote for yours.  It HAS to be a job where each of them looks over the shoulder to gauge the voter sentiment alone.  Ideally we would have NO parties -- just responsive and concerned legislators -- you know, like what the original design envisioned.

Ripped Chunk's picture

Lobbying and corporate contributions need to be done period. If Roberts doesn't like it I am perfectly happy for him to drop dead. The sooner the better actually.

I know a new form of "influence" will evolve if we do stop this "traditionally entrenched" form of influence but something must be changed, and soon.

baserunr's picture

The new form of influence may involve lead and lead delivery systems.....

bingaling's picture

They are gonna play it in the election to hide who they really are and what they really stand for . All the right things will be said - I also believe they will infiltrate the tea party with their own . End of the day same corporatist just a different story to get elected .

Duuude's picture

 

 

If They're In They're Out

Ripped Chunk's picture

Agreed, it is the only way. And some good representatives will lose seats but that is the unavoidable  collateral damage in a movement of this nature.

The liars will be voted in but they will get voted out soon enough if the electorate does it's homework. After 3 or 4 cycles the liars will give up, be in jail or better yet be dead.

RockyRacoon's picture

I will abide by this old axiom:

If nothing changes, nothing changes.

msjimmied's picture

I doubt we survive 3 election cycles. We are just careening from one disaster into another and the wave cycle is too freaking tight, its almost in chaos territory. There is no reforming or reworking this, it's broken.

To me, all this talk about dems or repubs, or some still to emerge third or fourth party is meaningless. We will have a paradigm shift. I would like it sooner, so people still have the fight in them to move forward. If the extend and pretend lasts years and decades, what we will have is a hollowed out nation and traumatized zombies.  Words will not win this war. There is no powerhouse of American politics waiting in the wings, picking off the well fed leeches to be replaced by new hungry ones is not a solution.

bigkahuna's picture

A strong third party or even fourth party will be the only answer. Otherwise, ironically, votes are thrown away.

MichiganMilitiaMan's picture

A third party only consolidates futher the Dem and Republican strength.

SWRichmond's picture

You should vote for what you really want instead of holding your nose and voting for the lesser of two evils.

Mr Lennon Hendrix's picture

What if no one voted for anyone, and we all demonstrated outside of Federal buildings and other governmental places instead?

I am serious too by the way, as I have done this the past two elections; didn't vote for anyone either time.

Disclaimer:  I do vote locally.

scofflaw's picture

In a winner takes all system like ours 3rd party candidates are moot.  At the executive branch, winning a plurality, even if it is not a majority, means you get 100% of the government--all cabinet appointments etc.  No sharing whatsoever.    In a parliamentary system a 3rd party that takes 15% of the vote and denies an outright majority has considerable influence on governing.  Our system is a pluarlity-takes-all in which a 3rd party regardless of how considerable the showing has zero impact on governing.  Those that would pursue a 3rd party (i.e. independent Tea Party) are deliberately marginalizing themselves in the name of principle.  Good for you.  But if your objective is to actually make change and not just make a point you have to do it from the inside which is why the Tea Party is an extremely powerful force within the Republican Party and would be a feckless bunch of whiners that could be ignored if they were on the outside.

New_Meat's picture

Yep--Nader in 2000 (arguably), Perot in '92 certainly.  Result opposite of the 3d party intention.

Tea party in MA quite energized for Scott Brown.  For the first time in my life I can say that I'm really proud to be from MA.

- Ned

ufamizm's picture

I am, for my kids sake. Just haven't fully decided on the country yet. Need to get out before capital controls confiscate a greater percentage of total worth to pay for the privilege of rescinding citizenship. Time is short.

bingaling's picture

I dont have to give up, I have already won as I sit here and watch the inevitable totally detached from it all. Real change is coming

RSDallas's picture

Agreed, but what else are you going to do?  You sure as hell don't want to continue on the path we are on.  I think you vote the old cronies out Republican or Democratic.  We might not be able to completely stop the elites, but I think we can take a firmer stance than we are now.

Missing_Link's picture

Screw you and your pathetic fatalism, bingaling.  The Tea Party movement is for real and they are going to make sure the Republican Party moves back in the direction of fiscal conservatism.

bingaling's picture

The teabaggers are total bullshit -what are they going to do ? cut everything ? We still owe what we owe.  Simple plan Default/ start from scratch(the system does not work ) and a real currency .

Mako's picture

There is no out for the teabaggers, never was.  They could elect Ron Paul and his whole family clan.  System will collapse and liquidate, matter of fact it would probably collapse almost instantly.

The global financial credit relies on the US consumer to manufacturer new credit via the commercial banks, unfortunately or fortunately those US consumers stopped requesting said new instruments.  The failure of the system has nothing to do with government borrowing, the system is not getting the required juice to run.  Collase > Liquidation 

centerline's picture

Next group voted in = bagholders

total nonsense's picture

Move to Greece i am sure the next few decades will be great..There is no where in the world that is or will be ok..If you want to give up your citizenship go right ahead we do not need you

Mako's picture

I agree nowhere to hide this time.   Virtually all are fucked, they just think there is a way out.  The teabaggers are under the false assumption that there is a way out, well I guess there is, right through the saw blades. 

There is no Helicopter Ben, nor a Benny and the Jets, or a Wizard of Oz.  System collapse then liquidation of the non-performing liabilities.

SWRichmond's picture

Mako,

Hey one-trick pony: why don't you tell us what you really think we all should do?  Tell us what you really want; don't hide it.  You always say the same thing, and it's very very boring.  The system is going to collapse.  There's no hope.  Blah Blah Blah.  Come on, out with it.  What are you selling?  What do you think we should do?  Details, please.  "Prepare for the collapse" doesn't do it.

Tell us what you're really about.  I dare you.

Mako's picture

"why don't you tell us what you really think we all should do?"

Either pick another path or STFU and take the liquidation without crying, you are not going to get a different result.  The choice is yours.

If you don't like that I don't know what to tell you.

SWRichmond's picture

What "other path" would you like us to pick?

Mako's picture

Either use a system where you take out more than you put in or you don't.  I would say humans will continue to try and put a square peg in a round hole.  

To be honest, if you don't pick the other path for everyone's sake at least stop crying about the end results when it collapses, take the liquidation like a Man.... sit back and enjoy the show.  This is like jumping out of an airplane with no parachute thinking the landing is going to be soft, well, I think I would learn the first time I see the broken body of the first person on the ground.   The choice is yours.... the result will continue to be the same.

The one-trick pony is all you guys that continue to think you are going to get a different result doing the same thing over and over and over and over.

Don't worry you won't have to make it through liquidation more than once.

MachoMan's picture

I think we all agree with the premise that the equation, on a long enough timeline, cannot be filled... 

However, I am curious as to the alternative.  We still have infrastructure from the CCC.  The boom bust cycle does not necessarily conclude with everything going to zero.  Rather, humans are using it to stair step upwards.  After every liquidation, there is still some residue...

Now, I agree that we have incredible risks each time...  in that, we risk wiping out all of humanity and all of our previous accomplishments...  and I understand that induction does not necessarily have anything to do with me or "this" time...   but history should at least be somewhat optimistic in that there will be something survive our volatility.

I guess the question is, what is the alternative?  Do you believe it is even possible for us to CHOOSE an alternative?  The one where we're a collective of sustenance farmers?  Where R & D means walking over the field for where the cows shit the most the year before?  How do we progress?  How do we achieve the unthinkable (walking on the moon) without the credit system as it is?  Ultimately, if we want to survive, isn't it our only chance?  Don't we have to come up with some answer that is vastly outside the realm of ordinary achievement and common understanding?

I'm not advocating one way or the other, I just don't ever see you try and tackle these topics...  just curious. 

Mako's picture

Nice post by the way, pretty constructive.  Actually I will disagree with the "we all agree"... the mass lemmings will disagree until the end and most probably will continue to believe that housing and derivatives or government spending is the reason.

"what is the alternative?  Do you believe it is even possible for us to CHOOSE an alternative?"

The alternate is not to do what we have been doing.  Yes, the devil is in the details and I don't see just one simple solution.   Actually, lemmings can bring the system to a stand still right now.  Don't do it, of course I know that might be oversimplying the problem and issues.

As far as the legal aspects, the infrastructure is already there in the legal system.   Debt is a fiction of law, most do not understand this.  In some ways people are starting to understand this portion, the problem is they are doing it out of greed more than anything.  

http://www.reclaimmichigan.com

The teabaggers can take this country back anytime they want.  That will not just make life instantly better, matter of fact it will be much harder in some ways.  It's choice.  I encourage more discussion in this area, I do not offer 99 virgins at the end of the choice either.... you will be down to what you need and not what you want.


SWRichmond's picture

So we should all just shut up and close down the blog then? 

for everyone's sake at least stop crying about the end results when it collapses, take the liquidation like a Man.... sit back and enjoy the show.

Are you sure you're not Hyperkitty?  He was very actively shoveling the exact same stuff: it's hopeless, give up, accept fate...

As as for sitting back and enjoying the show, I read the book already: Weimar Germany.  What came after that I will choose to not sit back and enjoy, and damn you for suggesting that I do so.  All of you who are here preaching this passive crap are the problem, not the solution.  You may keep your fear, and embrace it as dearly as you like.  Personally, I wish you'd keep you fear to yourself and stop coming here trying to infect the rest of us with it.  Some of us are trying to keep our kids from inheriting a gulag.

Mako's picture

"He was very actively shoveling the exact same stuff: it's hopeless, give up, accept fate..."

I do not believe in fate per se, I believe in limited choices and once choices are made your choices down the line become narrower and narrower.   You do not have unlimite choices and you have to live with the choices you have made, and some mistakes you never escape... that is life.

If your life choices are based on the assumption that 2+2 does not equal for 4, well, I would imagine those choices are not going to work out for you so well.

"What came after that I will choose to not sit back and enjoy, and damn you for suggesting that I do so."

Yeah, you will be part of the lemmings clubing one another.    Heck, you can go jump off a building there isn't much I can do about it. 

Actually Germany recovered very quickly from the Weimar days, it wasn't until the  UK peaked out and the global system went kaboom that the real troubles began. 

 

Gold...Bitches's picture

I keep expecting Mako at some point to just advise everyone to put the gun in their mouth to stop the hopelessness

Mako's picture

Lemmings usually don't take their own life or not enough to make a difference.  The top have no more use for you... you are now a bunch of unfunded liabilities to the system. 

I guess we can talk about fantasy land and unicorns and fairies if you wish. 

A few billion will probably have to go either way, I doubt you can get the needed liquidation by suicide alone but they are always looking for volunteers

The Oracle: Seems like every time we meet I've got nothing but bad news. I'm sorry about that, I surely am. But for what it's worth, you've made a believer out of me. Good luck, kiddo.

........

Neo: Are you saying I have to choose whether Trinity lives or dies?

The Oracle: No. You've already made the choice, now you have to understand it.
Neo: No, I can't do that. I won't.


SWRichmond's picture

Mako's got a a know-it-all, rise-above-the-unwashed-masses attitude while offering no specific information beyond this:

"The alternate is not to do what we have been doing."  That's pure fucking genius.

Mako's picture

I actually know very little.  The information I have provided should be obvious.   You are just like the rest, you live for one reason to believe lies.   If I were to tell you how beatiful you are or how smart you are or what a great guy you are, you would eat that up.   Lemmings love lies and delusions.  You certainly don't have to be smart to stop listening to lies.  The choice is obvious, you reject the simple choices.  Not a genius at all, any retard can figure this out as soon as they stop listening to lies.

The Oracle was not smart, it was an obvious result repeated over and over with slightly different details.  The Oracle knew basically what was going to happen, the change was Smith that changed the result, absent Smith the same result was going to happen.  The Oracle had seen it 6 times, the humans had no idea because it was all new to them the first time, but unlike them, you actually have history books.   You have learned NOTHING, well if nothing is what you want... nothing is what you are going to get. "Same shit different day."

Good luck, kiddo.  I am pulling for you.  :)

SWRichmond's picture

I actually know very little.  The information I have provided should be obvious.

So, based on your not knowing much and so being unable to provide any actual useful information, which you say you've already provided, you switch to condescension mixed with insults?  Any fool can sit around and point out what's not right.  I want you to come right out and tell us what you're selling, because you are obviously selling something, and I am sure I know what it is, and I am also sure that everyone here would tune you out if you just flat out told us, and that's why you try to hide in stupid statements like the one above and then try to cover it up with dialog you think is clever.  You had the opportunity to agree with others below that you are trying to tell us something specific about the credit system, that credit can't expand faster than productivity; others here think that is what you are saying.  But you're not, are you?

Spill.

Mako's picture

Look SWRichmond, I have said it in multiple ways to where a 10 year old can get, the reason you are having a hard time is not intelligence or lack of... it's because you are being unwilling to let go.

"I want you to come right out and tell us what you're selling, because you are obviously selling something, and I am sure I know what it is, and I am also sure that everyone here would tune you out if you just flat out told us, and that's why you try to hide in stupid statements like the one above and then try to cover it up with dialog you think is clever."

I have offered to sell you nothing, and nothing is going to be what you get.  I have nothing to offer but the truth, that's it, I don't want your gold or your money or anything.   I want you to think and that is free. 

SWRichmond's picture

it's because you are being unwilling to let go.

Now we're getting somewhere.

I have nothing to offer but the truth, that's it

Please enlighten me, O sage one, tell me your "truth".

QQQBall's picture

"We don't need to you"... who is we? you have a mouse in your pocket? expat is a viable option -

total nonsense's picture

Yes me and my mouse do not need you..Go see if the grass is greener on the other side..Give up your citizenship and do not come back..

SWRichmond's picture

Mako,

Hey one-trick pony: why don't you tell us what you really think we all should do?  Tell us what you really want; don't hide it.  You always say the same thing, and it's very very boring.  The system is going to collapse.  There's no hope.  Blah Blah Blah.  Come on, out with it.  What are you selling?  What do you think we should do?  Details, please.  "Prepare for the collapse" doesn't do it.

Tell us what you're really about.  I dare you.

B9K9's picture

I feel Mako needs someone else to defend his point-of-view, since he appears to have a blind-spot with regard to explicating exactly what he means.

The bottom line is that if humanity chooses to utilize a credit system in which to facilitate economic production, then production growth MUST exceed credit growth.

If production growth does not exceed credit growth, then the compounding principle+interest of the debt must, at some point, necessarily exceed the carrying capacity of the underlying economy.

Typically, over the long-term, productive growth never exceeds credit growth, because humanity continually realizes that the same credit facility can be used for current consumption. Hence, the illusion of prosperity as we pull forward future demand.

Once the credit system reaches terminal velocity, the system implodes on itself since there isn't sufficient new credit being generated to pay off (ie roll forward) older debts coming due with attached interest coupons.

This cycle of typically runs in 50-60 year increments; we were due back in 2000. The Fed knew it, but chose the real estate bubble as a temporary out.

What Mako is saying is that if we collectively choose to dance with the Devil, don't complain when the bill comes due. He gets annoyed, because here at ZH of all places, many people still do not understand the nature of our credit-money system.

Absent some really game changing event in the energy arena, there isn't any way out - the system must and WILL crash. No political party has any answers to solving our problems; if the TPs think it can be reformed, they are sadly mistaken.

What any anti-incumbent movement will do (as the far right & far left unite), however, is bring on the crash, either intentionally or unintentionally, which can get us going again after the slate is cleaned. At that point, hopefully mankind will have a good chance to contemplate exactly what type of system we need to move forward.

If the cabal of private money changers retain control, then the cycle will just be re-visited in another couple of generations.