Goldman's Take On Obama's Latest Budgetary "Promises"

Tyler Durden's picture

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NOTW777's picture

key point - goldman funds the obama

Sudden Debt's picture

THE KEY POINT: 12 YEARS = NOT ON HIS TERM

POINT 2: IN 12 YEARS, THERE WILL NOT BE ANOTHER CRISIS (or we're totally fucked)

POINT 3: NO WARS EITHER, THAT WOULD CAUSE ANOTHER DEFICIT HICKUP

POINT 4: why are you still reading this? Still not convinced?

 

somebody else can clean up his mess...

 

politicians... promising that somebody else of who they officially don't know who is going to be "elected" by than will fix it all...

 

narapoiddyslexia's picture

So sorry. I'm sort of new here. I'm a somewhat recently-simple Midwestern American.

Who are you?

Almost all of your points I've seen have resonated with what I see.

And here? Yes, they will no doubt foment more wars. And Obama is a fraud.

But why do you care?

I've heard you're Dutch. Here, that means something else. My father used to call cheap people "Dutch."

"Oh, he's Dutch," he'd say, after an egregious example passed in front of my eyes.

What is the deal with that?

Surely, not all Dutch are cheap. Where did that come from? 

And, just so we know, Obama is fuk ed.

Thank you.

 

 

narapoiddyslexia's picture

Please, I am just curious. I've never been out of the Midwest, and do not understand why folks elsewhere care that much.

My father voted for GWB, btw. And he went to his grave regretting it. Too late.

 

Sudden Debt's picture

1. I'm not Dutch, I'm from Belgium.

2. We call the Dutch greedy to, and Americans Stupid.

3. Why do I care? This is a globalist world. America fucked it up and we get to stand in the heat to.

4. You sound really stupid. How did you pass the captcha test? Did your dog help you out?

 

mdwagner's picture

key point - goldman funds all of them

FoodTiger's picture

If they need money, they ought to slap a 50% tax on political contributions.

Cash_is_Trash's picture

Bullish indeed, Sir.

This melt-up is certainly the prelude for the most massive financial collapse that one day will happen: the Sovereign Debt bubble.

Rally on ol' chap!

SheepDog-One's picture

You left out 1 letter from your anagram sir 't'....see now its bullshit.

NOTW777's picture

remember obama "cuts" = slower increase in spending

NOTW777's picture

now, back to bombing libya

http://www.cbsnews.com/stories/2011/04/13/501364/main20053556.shtml

and the US-Islamic World Forum featuring John the Kerry as Obama sidekick

AldousHuxley's picture

Now that Obama has spent your money on bankster rescue funds, you and your children will need to work harder for less.

Seymour Butt's picture

Having problems with your short term memory? Geez, do you even have a GED? Get your facts straight.

Bank bailout was approved in 2008. Remember Hank Paulson? Or you forgot that already?

Misean's picture

I could give a F**k what Goldman Sucks "thinks". They pay for this theater so it's kinda stupid to read their reviews anyway.

AldoHux_IV's picture

Goldman should've gone under in the last financial crisis and will most certainly not survive the next one.  In other words: fuck Goldman and fuck Obama for the bullshit his administration help perpetuate-- the imbalances and inequities only grow more until the peasants wake up.

RobotTrader's picture

Must be promising more food stamps.

WFMI on the verge of printing new highs.  That stock has had an insane run, no sign of it letting up.

DonnieD's picture

This is the economic equivalent of Stalin analyzing the methods of Hitler.

jmac2013's picture

Trillions for Wall Street bailouts, but Main Street government services get cut, go figure.  The first cuts should go to the military (but won't).  Over ten years ago the Pentagon announced that they couldn't account for two and a half trillion dollars, money down a hole.  The other ridiculous expenditure that should get cut is foreign aid $$$.  The ignorant masses hoped for change, but got suckered yet again.

 

digalert's picture

While loading the teleprompter, this statement was fed to GS.

Urban Redneck's picture

Did GS write its analysis before or after they delivered Barry's speech to the teleprompter guy?

Bicycle Repairman's picture

If the FED isn't getting any help from the fiscal side of the house, I guess they'll have to do it alone.  Wonder what that means?

Commander Cody's picture

Screw GS.  And as far as the fascists in DC: They will continue to kick the can down the road until they can't.

chet's picture

It's completely meaningless to listen to what any politician or party proposes for the next ten years.

They're always campaigning, so the "right time" never comes to actually vote on any of it.

Cognitive Dissonance's picture

Since the 'official' numbers are manipulated anyway, they will never 'trigger' Armageddon in 2014. And the $4 Trillion will magically arrive early. And Santa Claus.............

XitSam's picture

"The most important new items are a “debt trigger” that would result in across-the-board cuts in spending and tax credits/deductions if debt/GDP goals are not reached"

Ha ha, oh this is rich.  They will simply redefine the goals. Just like the debt ceiling isn't fixed but keeps going up.

FreedomGuy's picture

My thoughts, exactly! Every plan to attack budget deficits and national debt always has automatic triggers and disciplines. Anyone remember Gramm-Rudman? It's all crap because it all happens in the future with someone else. The "tomorrow" disciplines never ever ever never happen. It's smoke and mirrors. What you need is one of those old chainsaw finance types that started in corporate America back in the 80's. You cut now, deep and fairly ruthlessly. Of course you have to agree on what the core missions of government are before you do that. Democrats think the core mission is income redistribution...social stuff. Republicans tend to think it's security, FBI, defense, etc. That's why no one wins and government grows.

The Republicans will lose the budget fights, the Dems will win in the near term by preserving the ever growing government. All America and actually the world will lose when it crashes...and it will.

Hedgetard55's picture

So the national debt will only increase by $12 trillion rather than $16 trillion in the next 12 years under Barry's plan?

 

Winning the future.

Dr. No's picture

Graham-Rudman.   snoooze.

newworldorder's picture

I am not an accountant, but we really do need to simplify the debt discussion for the masses.

"Perpetual debt" should be added to the US Treasury and FED lexicons and be identified as a separatebudgetary line item. Lot's of things can go into this definition, including debt that will never be repaid as well as future interest debt that can be added to the balance outstanding by future administrations.

stoverny's picture

"debt trigger" - is that as iron-clad as the "debt ceiling"?

bigdumbnugly's picture

obama's got to be very careful while reading the teleprompter and talking about this or he might just earn himself yet another derogatory nickname.

 

 

monopoly's picture

What a joke that man has become. We sure know who wears the shoe in his house. Not him!

SparkyvonBellagio's picture

I hope the 'Gimp' gets a big piece of him.

 

 

JustPrintMoreDuh's picture

Nobel prize for economics in store for Barry?

PulauHantu29's picture

How about triming the Mega-Trillion Sacred Military expenses? That seems to be the "elephant in the room."

Seymour Butt's picture

Military Industrial Complex. Sacred cow.

Mach1513's picture

What the fuck is a "tax expenditure?"

centerline's picture

I would sincerely hope that it becomes painfully clear soon enough that the gas-pedal is stapled (nailed) to the floorboards.  Spending can't stop.  It can only accelerate from here.  Else the system drops dead on the spot.  Maybe some event serves as a "stop-strip" and sends us screaming off into the ditch.  Or maybe the wheels just fall off soon enough.  Maybe we achieve warp speed (and find out just what happens when mass is converted into pure energy).  Who knows.  But the message ought to be loud and clear here soon enough.

Moe Howard's picture

Which came first - did they write the analysis first, or the teleprompter-in-chief script first? Or simultaneously?

 

Meanwhile, back on the ranch, Ron Paul said:

Of course, an actual government collapse would create serious problems for many people who have come to depend on government payments for healthcare, retirement income, their children’s education, and even food and housing. However, these so-called entitlement programs are unconstitutional to begin with and have engendered a culture of dependence on wealth transfer payments that is out of control. It concerns me greatly that instead of dealing seriously with our situation, so many in Washington would rather allow the chaos that will ensue when all of the dependent people are suddenly cut off. Better to look reality squarely in the face and tell people the difficult truth that government is simply not capable of managing people’s lives from cradle to grave as was foolishly promised. We face trillions in deficits with any of the budgets under consideration. Keeping those promises is, sadly, just not one of our options in the long run. Better to admit the nanny state is coming to an end and we are no longer working on “compromises” but a transition – to a sustainable way of life, one that respects the constitution, the rule of law and property rights.

 

And that is why the media hates him, the banksters hate him, after all, that is some straight shooting there by Dr. Paul. Compare that with Obama's [or whatever his real name is] speech as written by the Squid. See what I mean? By the way, last Friday the stupid 'deal' proved out to be what I heard it was - an increase in defense spending to cover Libya without a vote, hiding the money in the Afghanistan and Iraq appropriations. They cannot have a vote to be held against them in 2012.

buzzsaw99's picture

Lie about GDP = Problem solved.

redpill's picture

It's worked for China so far

honestann's picture

LIES ... LIES ... LIES ... LIES ... LIES

If there is a $4-trillion "cut", that is relative to some fictitious assumed $444-trillion increase in debt... "reducing" added debt to $440-trillion.

In fact, neither party will cut SQUAT.  Not in reality.  They might create a bunch of new off-budget, never discussed, totally bogus and unconsitutional scams to print and spend without revealing it... but that's the best case scenario for the predators-that-be in both parties.

Amazing how brazenly disingenuous they're getting.  They must realize the total collapse draws near.

max2205's picture

Hope the trigger is aimed at his mouth

Myzery's picture

Executive Summary:

 

The United States will continue to meet it's obligations by devaluing the dollar.