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Obama Speaks On Debt... Again
It must be one of those days when America needs some more scaremongering. Sure enough...
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It must be one of those days when America needs some more scaremongering. Sure enough...
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5 PM today. Eastern.
I get the shivers and goosebumps in me old body.
Same scenario Hungry sea as they attempt to paint a chart for the "Chartist's"
It's Technical............LOL
The Dow will get crushed at that time to.
I see the algo's trying to correlate (an Illusion) the fall in PM's with a fall in the Dow.
So, I call the Dow gets crushed from 12:10PM through 12:30PM and then a recovery after the Comex close.
I see them ramping it up (Dow) right now in anticipation of the epic WAR today.
we will see ????????
Welcome to the grand Illusion
Can't listen to the DOTUS.
Hey...!
I got an idea Obuma....
Maybe cut the pentagons budget.???
Maybe the USA should stop trying to rule the world and takecare of it's own problems,not create problems for others.
WAKE THE FUCK UP...!
Cut the Military budget.DO YOU'S HAVE TO RULE THE WORLD.???
How many military instalations does the USA have around the world.??????
WAY too fucking many.....
But, but, but.....we have to protect the American people by occupying the world. They hate us for our freedom to be touched by government agents at the airport. They hate us for the freedom to vote in one side of the a two-faced coin. They hate us for our freedom to ingest whatever we want into our bodies. They hate us for our freedom to watch pravda all day long. They hate us and we need to bomb every country in the world because of their hatred of our freedom.
Now go shopping on your credit card, get a GM car with $0 down, go buy two homes and grab a HELOC, and buy some new internet IPOs; otherwise Bin Laden will rise from the dead and blow up the Sears tower this time. /sarc
Credit card is choked to the max, the GM cars are finally caught up and the HELOC can wait until armageddon and there will be no more IPO's and Bin Laden will stay in Davy Jone's locker to provide meat to the fishies. The Sears Corperation has been rotting for years now.
No need to take any action. Just wait, be at peace grasshopper. All things will resolve given enough time.
We are in 150 of the 195 Countries of the world.
http://siadapp.dmdc.osd.mil/personnel/MILITARY/history/hst0712.pdf
A Strong global US military is needed to defend the world against those countries who refuse to accept USDs.
+ $1
let them eat layer cake!
GTFO 2012
www.goooh.com
The Great Windbag is an outstanding punter, worthy of a starting spot on a Big Ten team. His blabbering is a cover for decision avoidance....same as when he was in the Senate. Carry on...observe and criticize the ideas of others.
Throwing live grenades sure beats catching them.
VP biden is soo worried about the debt limit he got out of town today to watch soccer match in europe..priorities are this adm strong suit.
obuma got the golf culbs warmed up??
That's cheap compared to the Kenyans Birthday Bash, @$38.500.00 per guest..............on your dime.
No worries mate, just a few minor adjusments, it will alll come out in de wash.
VP Blabbermouth will do well to stay out of town for now. There is just too much at risk when he speaks of things that only Adults know.
Obama tired of peas, now he wants layer cake.Playing golf must make him hungry.
more peas
bytches...
the American people are sold! To the highest bidder!
'the American people are sold on a balanced approach, revenues and reductions' ......unmitigated BS! REDUCE SPENDING, NO NEW TAXES!
Obama:................so with that I will take some questions........ah........let me see.... who is on the list..............?
WTF !!!!!!!!!!!!!!!!!!!!!!!!!
canned fluff !
Gasoline taxes need to rise dramatically in the States but is politically impossible - so they will create more currency and use this more politically expedient mechanism.
Yes, this is one tax I agree needs to rise. I wouldn't like it, but it is needed.
The problem is when congress creates more dollars yee effectually tax everyone outside the States as your domestic dollars are a asset.
Imperial taxes are a bitch - many of us can't take much more of this shit.
Over ) $0.50 cents is already on each gallon..............
Payroll taxes would be far preferred.IMHO
Or both,up gas to $5.00 a gallon, and make sure the taxes get spent on reduction.
But before either, instead of creating multiples of new Federal Agencies, we should fist SHUT DOWN 50% of what we have, and defund to a large degree others.
You cannot ever convince me we need the HUGE TSA(growing like a cancer), nor the Dept of Homeland Security.( even worse)
When Fed agencies have no real threats, they create them, to keep their funding.Hegelian Dialectics.
Waco is a prime example.
! In case you haven't noticed, higher gasoline prices don't exactly act as a tonic for the U.S. economy. My own prescription is cutting spending on idiotic undeclared wars, but I suppose that hasn't occured to anyone in Warshington.....
Tonics in general don't taste very good - this is not about saving the US economy - it does not exist in any real sense , the rest of the world services this black hole.
You don't produce much but expect tribute - the system is beyond unsustainable but I guess it will continue at the point of a gun.
Yee are just a giant Ireland with a reserve currency.
You are precisely correct about that, my point is that the cure is CUTTING SPENDING, not increasing taxes on the hard-pressed U.S. taxpayer. No more pith-helmet adventures in 4th-world crapholes, no more "space program", no more bridges to nowhere, no more "farm programs" where we pay people to convert food into motor fuel, or other stupid waste, no more "grants" to special interests. That would be a start. If we had a balanced budget in 2012, we would have a fighting chance to get things squared away. But-- there will not be a balanced budget in 2012, or 2013, or 2014..... even if gasoline taxes went up to $6. Sorry, our political class is IGNORING the will of the U.S. people, has for years, and small nations like Ireland are what D.C. jerks term "collateral damage."
When Goverment or private investment has a goal , schedule & respectable budget it can achieve great things.
Project Apollo is the finest example of this - its budget peaked at just under 6 billion in 1966 but achieved great technological & scientific leaps.
There is no point in saving money if the new surplus is wasted - you are looking at only one side of the equation.
The Hoover dam to Apollo era was the greatest period of growth in the history of America.
The Fifties (post-1952) were the real deal. Good old Ike building the Interstate Highway System, while keeping military spending under control. The Sixties? A Vietnam War-fueled inflationary/deficit spree that resulted in the ugly Seventies hangover. You seem to subscribe to East Asian theories of demand management, no, economic management, that I strongly disagree with, but you are informed, so I will close with a respectful "we'll agree to disagree" and leave it at that. Remember, look back at the Vietnam War, it really got the ball rolling on a LOT of bad shyte in the United States.... and, by extension, the world at large....
NASA and the Space Program were boondoggles, and a waste of Trillions.
When Nixon robbed NASA of its goal it became a Boondoggle - not before , it was one of the best investment returns of the 1960s.
It was Nam that created a Dollar default, not Apollo - it was a order of magnitude higher cost and increased Americas defecit dramatically.
Apollo did not increase your defecit - it reduced it .
Exporting vast amounts of high explosive and paying Vietnamese rather then Houston prostitutes does that sort of thing.
www.youtube.com/watch?v=Hch3HL8gPTk
Loss of Reserve Currency status Tax, coming soon to a broken states of America near you..
Shell Game,
Let's all move to the independent NEVER been a state North Dakota.
A Soverign nation, within the USA.
NOT kidding...............they were never a legalized state.
North Dakota folks, KEEP it that way.....start your own military, and armed forces.
Be Soverign.................
With a 60% taxed citizenry.................and a corrupt Gv't asking /taking more.
How much better can it be Irish?.
I have been on these pages for over a year & half expressing how fucked up Ireland is - that is not the point of this particular discussion.
If you don't like what I think of how Fucked up America is fair enough - but stick to the fucking point.
The Keynesian clowns won't cut spending because it's against their religion: cutting Government Spending ("G") lowers GDP (C+I+G+X).
The idiots dont realize that cutting G increases C (private consumption) and I (Investment).
To be honest I think there's too much private consumption in America - most of it is extremely non productive.
Productive investment does not care if it is goverment or private - it just cares if it is productive.
Right but to be fair, in the US citizens'mind, when stuff is done by the private sectors, it is cool and nice. When the same is done by the government, it is bad and nasty so...
Yes, because U.S. citizens are not followers of Marxism-Leninism-Mao Zedong-Deng Xiaoping-Jiang Zhemin-Wen Jibao Theory and/or Thought.
Precisely. Dumping a whole sack of fertilizer on a plant kills the plant! A grotesque Keynesian/Byzantine regulatory super-state kills the animal spirits of a free-enterprise economy! A little government intervention (transportation infrastructure, police/military, basic health/safety regs, free K-12 education) goes a long way.... but too much kills the golden goose of private sector investment.
And just to be clear--- the TBTF banks, with their "dark pools" and "POMOS" and "MOMOS" and "MOFOS" wouldn't exist today but for said grotesque Keynesian-Byzantine super-state. We'd be FREE of them, and just like in Sweden, if done right, the sky wouldn't fall. Oh well, so much for The Republic.....
You are living in a vast delusional petro-currency bubble - private enterprise cannot operate effectively withen the economic jungle when all those big Utility trees have been cut down to express a short term profit on some financial statement.
Maybe he needs another vacation and another speech.
The Poor Kenyan has aged about 20 years since he entered the White House!
Between Michelle and the newports I can see why.
pods
Credible plan? Responsible choices? Sensible solutions? Reasonable compromise?
Come on. Tell the truth for once in your life.
He is so full of shit it's coming out his ears...
Did he actually say that?
Yes, he did.
Found it veeery funny to be honest.
Wow! How dumb can he be?
The screams of the one who is inclined to be prideful just before the fall.
old chinese proverb:
if at first you do not succeed,
would it not be wise to give up skydiving?
Mark the time and print the t-shirts, he just said it...
"We're (America) not Greece. We're (America) not Portugal."
wow....there's a lot of nothing in that speech.
Now you learned this after he was elected some years ago.
Excellent Grasshopper.
"Scaremongering" was so late 2008 / early 2009.
Now is "window dressing" at best or "kabuki theater" at worst.
The shit has already hit the fan, the US is de facto defaulting on its debt, and the US is bankrupt by the rest of the world's standard.
When US main street realizes this, it's after the fact.
No need to scare anyone anymore. The treasure has been looted and the spoils have already been divided. The max pain that will be inflicted on Americans cannot be avoided.
Inside the Beltway or on Wall Street nobody gives a fuck anyway now that the treasure is empty. The market is hollow, retail investors are too broke to play. The big guys know the game is rigged and won't accept defeat in their trading or investing.
Obama and the next teleprompter "President" will still speak the same way when Americans are starving from hunger or dying from normally curable diseases.
The nation is 14 trillions in the hole. Expanding the debt by 2.5 trillion will give us maybe 9 more months. Then what? Nobody is interested in buying US debt at this point, increasing the debt ceiling just to keep the charade going won't intice anyone to get back into buying.
It's over. Game over. The Federals and Unionists are fucked and they know it.
But that might mean that we all have another 9 months to Prep. Hallelujah to that my brotha.
Barry said, "When I talk to the American people, when I meet with them, they have common sense".
You meet with and talk to hand picked democratic operatives you horses arse!
common sense is all we'll have left, after they take our common dollars!
OBAMA: 80% OF AMERICANS WANT TAX INCREASES...
What?
yes yes , didn't you get the memo?
...ON OTHER PEOPLE.
Ahhh, that's makes sense.
Harry Reid hosts Lake Tahoe retreat to raise money for senators from Rhode Island and Florida
http://www.rgj.com/article/20110715/NEWS19/110715004/Harry-Reid-hosts-La...
Harry is dangerous.
Starve the brains of oxygen in that thin air up there those who have never been above 50 feet MSL without pressurization.
No tallent ass clown.
I'm confused. Does this mean I should shove all-in on NFLX?
More "Shovel Ready" jobs! LOL
farming baby! The ultimate shovel ready job!
How dare he step up on his soap box again and make perfect sense. Off with his head.. Where the hell is Sara Palin when we need her.
If you really think the TeleNegro is making sense, please pass me some of those mushrooms.
Give us some details into his making "perfect sense", thunderchief.
Mama Palin will get it fix right up soon enough grasshopper.
If she is not happy, aint no one gonna be happy child.
i feel confident in saying no-one ever needed that woman for anything.
http://www.youtube.com/watch?v=oS4C7bvHv2w
Right now, Jake Tapper is asking what Obama plans for entitlement reform, and he has no answer (as usual). He is a one-trick pony. Class warfare, tax and spend. EVERYTHING he is suggesting is SPENDING and REDISTRIBUTIONIST. He is angry that the PRODUCERS don't want to be milked, along with their children and great grandchildren, to pay for the freeloaders.
What a consummate and unmitigated dumbass.
Shovel Ready means mosre graves in the USA.
Doin, tryin, helpin, somthin, workin, posturin, etc...
Just fuckin unbelievable.
hopin'
changin'
Gallup poll yesterday:
"Republican" wins with 8% margin to Obama in 2012.
That's a tough tough statement of discontent.
Obama has papers and spreadsheets on his desk. Can he read them?
Nah, he doesn't pay attention to the news, as he just said. He doesn't care what people think of him or say about him either because it's not personal. Apparently being the leader of the free world is just another job, like being a garbage collector I suppose. Yeah sure, some people leave their trash can lids open and rain gets in, but it's not personal.
Hey Obama: Dumbass, it IS personal, Mr. President
Thing is, as soon as a specific name replaces the general label, the attraction fades as the reality materializes. It's no different than the failed "Anybody but Bush" movement before his reelection, which didn't help Kerry in the least bit.
Time to take away the credit card....
I got reams of paper!
The better to ream you with, my dear.
hear, hear!
That I can believe in.
Also makes it easier to burn as biohazard.
LOOK OUT!!! HE HAS SPREADSHEETS!!!
Dear Dipshit in Chief: an organization that takes in $2 trillion in ONE YEAR does NOT have a revenue problem. Period.
This is a good point.
Dear Dipshit in Chief: an organization protection racket that takes in steals $2 trillion in ONE YEAR does NOT have a revenue problem. Period.
There it is again......'investments'.....that is right...'big government' and 'spending'......stop with the semantics.
Obama is greater than JOB!
cnbs just figured out C well...it's more like shittygroup
raise the debt ceiling...
my federal pension
needs more peas....
Shorter Teleprompter
1) It's all Bush's fault
2) No tough choices necessary, just cut Defense and tax the guy in the fancy house across town - that's a "balanced approach"
3) Yeah, I know I have ignored and continue to completely dismiss that debt-reduction commission I appointed, but hey I deserve credit anyway
4) Bush's fault
5) Have to push the hard decisions out past the election at all costs
6) Did I mention it's all Bush's fault?
The pres may not be sincere...but he is one hell of an orator. The American sheeple bought that speech hook line and sinker. Expect Obama to win again in 2012. Shit happens.
It is how he got elected - oratory. He carefully does not express his real vision for America -- which is far left (another reason college transcripts and papers are sealed).
Sadly most Americans are clueless about substance vs fluff / crap. They do not think about the essence of what he is saying or the emptiness of what he is saying or the contradictions in what he is saying. And the MSM love him, so there is no consistent or hard challenge to his ramblings.
80% chance to be re-elected. No articulate conservative to run against him. And Americans do not want to face the reality a conservative would need to tell them -- that they have lived way beyond their means and much of the world is gaining ground on them in many ways (including productivity). So the future will be more difficult than the past -- hardly a winning campaign slogan.
Consumer sentiment at 2 yr low.. gold all-time high.. homeboy just doesn't get it
That's why he does not get it.
Hey, let's not lose sight of the real reasons behind this problem. The gubermint spent trillions propping up JPM, Citi, BAC and GS, now it's time to pay for it.
This whole debt ceilling sharade is an attempt to delude the American "folks" into ignoring the huge profits now being reported by the likes of JPM and Citi.
You can fool all of the people most of the time, but not most of the people all of the time.
I'm fairly certain most of the people are ignorant and dumb enough to fool all the time. That's why the world is swimming in debt and debasing currencies.
Notice that the one thing that would protect Social Security is NOT being proposed by either side... Taking it off budget with the "lock-box" keeping the money secure and OUT OF REACH of Congress. This would automatically reduce the spending available to Congresss, and make them make the cuts necessary.
We should have learned by now that no "trust fund" has any money in it. It quickly becomes a slush fund for the political class. Stimulus was supposed to go for infrastructure, but it went to government. Bank bailouts were supposed to take care of toxic assets, but they just got moved around, and piper still has to be paid on that (and WE will pay it in one way or another). Social Security gets raided every year, as did Medicare when it has a surplus. So... An increase in the gax tax would NOT be spent on highway infrastructure, or anything related to that (as was its stated purpose). It would just become another slugh fund.
The addicts in DC can't help themselves. They have no fiduciary responsibility to the people. They need their shot of heroin, and they expect that we will give it to them.
SS is now cash flow negative so the Fed Gov is not getting any more cash from it's surpluses as before.
to raise or not to raise.....they have no option....
Don’t Mess with the Debt Ceiling, the vigilantes will make you pay
alot of crying and sniveling in the white house bedrooms at night..and no it ain't the kids.
the cry redistribute, redistribute ,hug me billy Ayers hug me.
No that was Ron Paul
Listening to Obama finish up now... my ears are bleeding.
O'bombma has so many straw men the cost for fire insurance at the White House must be insane.
Back in 2006 this recall challenged 8th-grader-in-Chief voted against raising the debt limit, saying it would weaken the US domestically and internationally, and said the need to raise the limit (again) showed lack of fiscal discipline and lack of leadership from Bush. Deficits then were $400 billion/yr and now they're $1.5 Trillion/yr.
Has anybody told Obama yet that people outside of NYC and Chicago have cable now and we can watch him lie?
Comforting rhetoric from Pea Brain. Hey, is it against the law to mail a fart?
When are old people going to storm the White House and kick Barry's ass for lying about no money for social security checks...
You know, kick Barry's ass like Michelle does...
Some of you act as if everything is Obama's fault.. LOL he inherited this mess and not only that this has been planned for centuries. He is the misdirection and most of you bafoons are falling for it. smh
Inherited and made it worse. A lot worse. Get your facts straight.
What's amazing about The Messiah is how he campaigned as the champion of the little guy, yet on his watch, the gap between the rich and poor has only become wider. He supports Bernanke. He refused to make banks take losses. His never-ending spending pinge has greased up the stock market. It's disgusting.
You know Johnny L., it really is disgusting isn't it?
I think "disgusting" is perhaps the most accurate description. I've been trying to find the right word. Thanks.
"I can't promise you'll get any SS next month."
-but he sure could promise the manna from heaven when he was running for office.
The telecast removes all doubt that Obama is a buffoon! I wish the Republicans had stronger leadership, but no, wishy washy wimpy is the name of the game.
Default looms. Maybe best, kicking the can again will only make it worse.
lol, republicans.
Time for a PEA party.
politician's words like a bullet's bark/
as human gods aim for their mark/
make everything from toy guns that spark/
to flesh-colored-christs that glow in the dark/
it's easy to see without lookin too far/
that not much is really sacred!
B Dylan (for those of you too young, dumb and full of cum to know any bettah)
I always find it amazing how these politicans can go out and raise hundreds of millions to fund their campaigns, but they won't do shit to help out ordinary Americans. Obama's campaign is targeting $1 billion(!!!) in campaign funds. Really???
Really. That is because you and I and the rest of the working, producing people of the US are NOT his constituency. Politicians serve their masters first and themselves second. The rest of us (99%) are out of sight and out of mind.
This is from a speech Obama made in 2006:
It's that picture, Tyler. The one of Obama depravedly mocking
the hopes, dreams and aspirations of all mankind.
It's so obscene yet it makes perfect sense.
Jeremy's spoken..spoken today
'What do all you morons want in the White House?'
A robot clown with dildo-hands. And I think I speak for all of us.