Obama To Make Statement At 1:30 PM EDT On Debt Talks

Tyler Durden's picture

Sure enough, within hours of the rumored Senate "deal" on the Chained CPI which will magically whack off $500 billion from the deficit, here comes the president to address the debt talks, most likely praising Senate for reaching a consensus, and spinning it as a $3.7 trillion grand compromise which in reality is nothing but even more plundering from not only the future, but from those who are most reliant on COLA adjustments to keep up with real CPI. Watch it live below.

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wisefool's picture

The question is: will the networks break away from Citizen Kane to listen to Citizen O?

camaro68ss's picture

Let me guess, "its bushes falt, I did everthing right, dont blame me, its clowngresses falt."

 

there we dont have to watch it

Cognitive Dissonance's picture

Are those real Roman columns or just fakes like everything else in the Ponzi.

Just askin' in case it's important.

And now.......heeeeeeeeeeeeeeeere's Jay with the weather. How's it looking out there Jay?

ratso's picture

All those who think that Obama is a socialist should just examine what has happened here.  Obama is as socialist as Herbert Hoover was. 

DosZap's picture

ratso,

Forget HERE..........look at the past 2yrs.

He is a dyed in the wool Socialist.

Period.He's fooled you.

francis_sawyer's picture

It's "MAWBLE Caalummms"...

Fuck Chicago... dat'z sum Staten Eyelannn cleeeeaaaas... YO!

http://www.youtube.com/watch?v=vhEJA9yB2F0

 

ATG's picture

Dow tanking all the way to +188 so far

DavidC's picture

Do you mean tanking or ramping?

DavidC

fuu's picture

If by market you mean Silver and Gold...

eurusdog's picture

You call holding near daily highs "tanking"? I would hate to see your definition of real profits.

Sudden Debt's picture

He could also say:

"FUCK THIS SHIT! YOU'ALL CLEAN UP YOUR OWN SHIT! I'M GOING BACK TO HAWAI!"

MICHELLE!!!

PACK OUR BAGS, WE'RE OUT A HERE!

AND WHERE THE FUCK DID WE PLACE MY BIRTH CERTIFICATE!

DON'T TELL ME WE LOST IT AGAIN!

I PAID 50$ ON AMAZON FOR THAT!

 

 

cosmictrainwreck's picture

hey...you fukin' belgians can't talk about our Prez like that; we deman an aplolgy - in writing. send to Hillary R-C

knukles's picture

Fuck the peasants.

hedgeless_horseman's picture

Mr. President, I am an American.  I, and other Americans, do not want your, "balanced approach," and we do not appreciate you saying that we do.

In fact, according to a CBS News poll, 63% of Americans polled do not want the debt ceiling raised.

Know Obama, know rhetoric.
No Obama, no rhetoric.

Sudden Debt's picture

WTF!

What do you think this is?! A Democracy?!

Stupid first amendment...

 

Mr Lennon Hendrix's picture

Teleprompter time, bitchez!

TruthInSunshine's picture

How bad is it when Bank of Amerika disses you?

It's bad, Grandma....real bad...now finish your Fancy Feast®

.

 

NotApplicable's picture

Hey, don't tell her about the good stuff! I'm trying to stock up over here.

ATG's picture

Senior citizens vote more than any other demographic

Did they fix the voting machines?

depression's picture

Grannie get yer teeth, time for yer tuna and peas !

Change you can believe in !

casaananda's picture

O'Bummer is screwing himself, tampering with SS. Why can't we just get the fuck out of Afghanistan and Iraq and Yemen and cut the military budget in half, for one thing. Gov is doing the dumbest things imaginable as a country: making enemies overseas and fucking our citizens at home.

Alcoholic Native American's picture

It's all part of the neo con plan.

NotApplicable's picture

You don't seem to understand that the world is run by a criminal cartel. Their actions are completely compatible with their goals.

See, they know they are killing the proverbial "Goose that lays the Golden Eggs." They also know that there is nothing they can do to stop it. So, they do the next best thing, which is to kill it to their liking.

knukles's picture

Gonna be a tough sale to the public.
The folks who by and large depend more heavily on the programs geared to the cost of living; SS, etc., represent primarily a democratic base.  Whichis still the majority of power in DC.  Oopssss!
Tough sell.
The repubs for all their stop the spending will be seen as well, hypocrites also.  That's not the stop the spending that the T area wants.   Maybe the neo-repubs, but not the average Joe repub.
So, a no win for either party; in fact, a whole bunch of nausea.

And, how'll it be sold?
It can't be spun, decorated, whatever.  Greece austerity come to America. 

How about for a start, that 30% of the Federal budget that's been tagged by the CBO as fraud , theft and graft?  Nope, naught done.
How about the banksters and pols on their gravy train.  Nope naught.

Now, some might say whaddya expect?
Of course, practically speaking nothing else....
unless ya'll remembers that things is Great Depression Tough out there.  Which mean a not so tough environment answer ain't gonna work.  Just as a Greek. 

Nope, this is a bloody disaster.
Gonna be a vote all the bums out

The Tea Party type, the real old fashioned conservatives (which in today's world do not have an appropriate descriptor) in the Goldwater tradition, if they can eradicate the neo-cons running as Tea Partiers, can be the beneficiaries.
For this is living proof of what's wrong, just plain and simple wrong, with what's going on.

DosZap's picture

casssan,

You got junked for telling the truth.Par for the course.

The reason is HE is not our President, he is a puppet for the NWO, and HE could giva shit less about any American, that is not part of his cabal.

His mission is the destruction of the USA.And hat's off to him, damned fine job, with the Bernak,Geethner, & Co.

HE best speed things up to Warp drive............come Nov he's history.And all the shitheads surrounding him.

He is as close to a believable pathalogical liar as Clinton was, twins separated at birth.Except Clinton didn't realize it, He does.

 

 

Alcoholic Native American's picture

This shit is getting boring.

Cognitive Dissonance's picture

Mommy, when is this gonna be over. I gotta go pee.

Sudden Debt's picture

Right after the commercials in November 2012!

You'll have a few week by then where every big company in the US will tell you on TV why you should vote for whatever president who's in their pocket.

 

CH1's picture

I don't watch - it wastes my time and energy. I come here to find out if there was any substance to it. :)

Hulk's picture

Just pee in your britchez Boy! In this heat, they will be dry in 5 minutes and the smell will keep the fly's off me!

kito's picture

3.7 billion or trillion?

ceilidh_trail's picture

quadrazillion, I think.

knukles's picture

Fuck, it doesn't even matter anymore's the sad truth.

francis_sawyer's picture

a brazillion... shit's gettin' REAL...

emsolý's picture

Will he be appointing a newly created position: the Inflation Tsar?

NotApplicable's picture

Ha, he'll appoint a Deflation Tsar first.

knukles's picture

Price Stability and Fairness tsar.  With the power to impose selective wage and price controls.

Just think of grandma.  No more savory treat cat food from Safeway when its on sale.  Now on to reduced ration of Costco made in China not fit for human consumption crap.

I am sooooooooo fucking disgusted.

Temporalist's picture

Senator Barack Obama 2006

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers."

"This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006

 

http://geekpolitics.com/obama-on-raising-the-debt-ceiling/

TruthInSunshine's picture

Can someone find that guy?

We need him now more than ever!

Hopeless & spare Change®