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Oops: Boehner Says Gang Of Six Proposal "Appears To Fall Short"
No, the soap opera is not done just yet. According to The Hill the office of John Boehner has said that the Gang of Six proposed $3.7 trillion fluff "settlement" appears to fall short of goals set by House Republicans. "This plan shares many similarities with the framework the Speaker discussed with the president, but also appears to fall short in some important areas. The House is voting today on our 'cut, cap, and balance' plan, and we hope the Senate will take it up soon. That remains our focus,” a Boehner spokesman said. As expected the kicker is the impact on Social Security which will see drastic changes if Chained CPI is implemented in conjunction with cost of living adjustments: "They also are wary of the plan's complicated mechanism for dealing with Social Security. The plan states that Social Security reform only be taken up once the rest of deficit-reduction plan is completed. If Social Security reform is not passed by a 60-vote margin, the earlier vote on the rest of the deficit-reduction package is nullified." The actual impact on COLA was not mentioned by Boehner's office. We expect the AARP will require clarification on the speaker's stance on that issue shortly.
More from The Hill:
In talks with President Obama, Boehner has been pushing for larger cuts to Medicare and Medicaid than are laid out in the Gang's plan, which claims unspecified healthcare savings of $202 billion.
The GOP also wants more up-front savings, and deeper tax cuts than the Gang's plan contains, sources said. By eliminating the Alternative Minimum Tax and lowering tax rates, the Gang of Six claims its plan scores as a $1.5 trillion tax cut even though it eliminates tax loopholes.
According to sources, House Republicans are also worried the Gang's plan doesn't have sufficient triggers to force action on the deficit and could allow committees to stall.
Which probably means that the McConnell fall back plan is still the defacto Plan B. The issue is that as Moody's said earlier, this will likely not be sufficient to dent the US leverage position much, and downgrades to America's credit rating could still be forthcoming.
As usual, D.C. seems willing to wait until the 11th hour to find a resolution, which we continue to be confident will be one which has no change to the general bearing of the US spending pattern, which match every dollar in revenue with more than one dollar in new debt, and will result in a debt/GDP ratio of at least 120% one year from today.
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If you close your eyes the nasty debt/GDP ratios can't hurt you
aaahh.. my eyes! ze goggles do nussing!
Zee goggles are used to hold the blood shooting out of your eyes.
Did I miss something? Are the algos front-running a miracle? After today, I'm wondering if Moses, Jesus, Mohammad, and Buddha are planning to descend from heaven by the end of the week.
Aquaman will provide liquidity. No need to bring in the Team Dogma.
Aquaman liquidity? Isn't that a new mutual fund from Goldman?
Excellent avatar! Ass with attitude.
Jimminy jillickers.
Short Boner?
Sorry, but everytime I read his name it comes out Boner instead of Baa-ner.
LOL!
The Gang of Six are the Six Blind Men who cannot see the elephant deficit.
http://en.wikipedia.org/wiki/Blind_men_and_an_elephant
It's not that they can't see. It's just that they don't care.
So.....I guess all those 'Investors' who sold gold down $20 earlier today on the wonderful news that Obama had found the holy grail of debt ceiling reconciliation and therefore all was right in the world will buy it back now?
No. Thought not. Not until after the Options Expiry is behind us next week. Funny how that happens.
Let's see, in the past 3 years we've now had about 6 stock market rallies based upon the debt ceiling, 39 based upon some sort of Greece settlement adn 113 based upon housing in one form or another. And yet all 3 of these topics continue to be complete disasters. It all makes sense to me.
Someone please explain today's very curious 30 year bond action...on this "gang of six" catalyst.
Anyone...Bueller....Bueller...
Another day of Kabuki theatre in the market as the nation burns....more political betrayal...more computerized Wall Street nonsense.
Good grief [and by that I mean f*ck me]
Austerity --> Deflation --> Bonds
Thanks for the chuckle.
Austerity? Where?
We took a vote. Since you weren't around....we voted you.
Care to explain how austerity reduces the money supply? When you pay principal and interest on a debt, doesn't someone else get that money?
Aside from that, a bad economy means no tax revenue. No tax revenue means no money to pay interest or principal on the debt. Default means our worthless paper money has no demand to pay back debt that used to back it. Or we can just print and not default. Really. There is no situation that leads to "deflation". Again, you need to use the word correctly and not as they do on TV.
How about the unraveling of $1,500,000,000,000,000 in derivatives overnight!? LTCM X 1000
Now there is a black swan that would block the sun, son!
Tuco Benedicto Pacifico Juan Maria Ramirez
Thanks - you hit on the right button, and there are many more. Most people think that we have closed system, and it is a zero-sum game. No it isn't. This would be M1, but we have M2, and M3.
When they finally start deleveraging, you will hear big sucking sound of disappearing money: the Ponzi dollars. M1 is only small fraction of the overall money supply. It is the M3 that will and should decrease.
Everything in this country is being done on credit. If you deleverage, the money supply will go down.
Every dollar represents a dollar of debt. Pay down the debt, reduce the money supply.
Sweet Jesus someone with a clue. We thought you'd gone extinct.
You can't do a betrayal when at least 60% of the public wants a deal
that protects their "special" interest.
Good one! Shall we call it "Mexican Standoff"?
fuckin' lawyers
i didnt know there are lawyers in the circus?
They're the ones in the $3000 pinstripe clown suits.
I expect Boehner to start backing up and eating cheese any moment now.
Le Petomane 2012!
Yes, if he caves on the debt ceiling then he can eat me.
with or without fava beans, Clarisse?
lol. He likes his women like his coffee. No, not hot, strong and black. Ground up and in the freezer.
It kills me why anyone would pay any attention to anything Boehner has to say; the guy's got an IQ of 114, and couldn't even make it through US Navy bootcamp, even though he falsely claimed military service during Vietnam when he first ran for the House -- which he was forced to later admit was fraudulent.
Lemme guess: DI was a little harsh on him with the crying thing?
That, and Boehner's chronic bedwetting....
I made it through the USMC bootcamp, I sure would have hated to do it with a last name like Boner.
I imagine he had a nervous breakdown from being taunted all thru school and then at boot camp.
Parris Island 1969.....LMAO
MCRD San Diego..1980 and I could just imagine the creative uses of that name my DIs would of come up with for recruit Boner. Too easy! lol.
Another day of Kabuki theatre in Washington as the nation burns ....
If there are any "new" taxes in the final debt ceiling agreement....there will be blood.
Forecasting a technical default here. Gotta sell USTs.
Both Dems and Reps seem to think that removing the mortgage interest deduction isn't a tax increase. Even though the middle class will pay more taxes. Do the top .1% have mortgages? Oh, who am I kidding, they probably pay their tax attorney more than my yearly income.
Are they really talking about removing the tax deduction for mortgage ownership? I had not heard that. Boo hoo. How many subsidies do we have to have for the Real Estate Industrial Complex? Of course the biggest is just letting "owners" live for free. Eat shit my fellow renters. We have no lobby.
Removing that deduction will put one of two final nails in the coffin of housing for at least the next decade and probably two. Why not remove the deduction and increase mortgage rates to 7+% right now and just put housing to sleep once and for all. I think the sheep will stir over that one. I could be wrong as Americans seem to be apathetic and uninvolved unless you are talking about gay marriage but on this issue I think they will get rowdy.
Fine with me. I'll take a 7% loan on 60% of the original principal in a fucking heartbeat. Wouldn't you like to reduce your prop taxes by 40%?
Oh, you already 'own' a home...that you bought at the top of a bubble...and want price supports...or should we say water-wings?
I'm a lot more likely to 'get rowdy' about having to pay for other people's poor choices (bad timing, HELOC abuse, leveraged flippers, etc).
It will force everyone to rent... the landlord getting to deduct all interest and principal on the residence, given he is in the business of letting property... increase to rental rates... demand for mortgage proceeds declines more... prices for residences decrease.
I strongly suspect that removing the deduction, in and of itself, could cause a stampede... Of course, many, many people do not itemize deductions... the only way to benefit from the deduction is to itemize... so, maybe the fallout will be mitigated... in the end, you need income to offset the deduction... it isn't a tax credit after all. Just another butt rape on middle class taxpayers... especially those with front loaded/recent mortgages.
So 3 days left. They are behaving like they want a default but having the balss to admit it.
Strategic default is romantic isn't it? RP said we are debt slaves and he's a maverick that was actually born on U.S. soil.
What is the pupose of reducing the deficit by 3.7 Trillion in 10 years when you currently have an annual deficit of 1.5 Trillion. The gang bangers need to sit down an x out thes Fu_k Czars, all of the staff at the White House, all of the handouts to other countries and put an end to the distruction Wall Street has done to the American way of life.
Not a word about deficit reduction by the telepromter clown till he thought he could score some points politically. He is a distaer, this goverment is a sell out and with corportae taxes of 23 to 29% you cannot be a competitive force against any indutrialized country. Get rid of thes lawyers and lower rates on companies producing product in the USA.
This plan is a disgrace and if this is the best these idiots can do, they need to go and we need people who can crunch numbers and know buisness. Does everyone know that Mitch Mcconell, Chuck Schumer, Harry Reid, and Nacy Pelosi never held a job except in politics. Clean the dumpster, we need more people like Demint and Paul's.
The purpose is to obfuscate the fact that the banksters are being paid 1.8% interest on those capital reserves by the Fed, given them from the Fed -- - really johnny taxpayer --- and they then use them in off-the-balance-sheet proprietary trading, instead of actual loans to startups, small biz, etc., thus rigging the entire game in their corrupt, slimey favor.
Couldnt agree more but this has got to end before this country is detroyed by these bastards.
I understand the level of frustration, but good lord, why all the commotion? The government is a criminal operation run by lawyers and banksters. We are the cattle...the taxpaying and bond-bearing entities. They always lie to us. They are the best actors that are not in the movie business. They are scum. They have no problem lying, killing, or stealing. We accept this because we have no other choice, and life would be too difficult without these criminals telling us what to do.
So ignore what they say because its a lie or contrived to capture your sentiment. Just carrry on, consume and pay taxes!
Clearly, after studying all these "plans" the best thing would be to nothing to raise the ceiling and thus reduce the deficit by $2.4T over the next 18 months. And each year after that would result in a "reduction" of the deficit by ~$1T/year. That's 10T less government spending right there and you don't even need to take a vote. If demoncrats want to spend then they get in revenues more they can appeal to their base to send in a check so they don't have to close down the TSA, Dept. of Edu., Energy etc and put poor Federal employees out of work.
Agreed, it's about time that dems started paying for their own pet projects and things that they espouse as holy and untouchable. Love illegal aliens so much and think they are just here to provide a better life for themselves and their family? Well then take a few into your own home and allow 3 or 4 day laborer flop houses on your cul-de-sac and then maybe I can respect you. If not then STFU because I am the one who has to live with them and their bullshit 24 hours a day. Same goes for welfare recipients. 3 months of welfare and then you're on your own. Have kids? If you can't take care of them or rely on family then not anymore you don't. Find a liberal to sponsor you if you can. Something tells me that all these social issues that liberals support would dry up overnight if they were the ones who had to fund them. I don't care what you believe in or what you do as long as you are willing to put your own pocketbook on the line and backup the issue with your own wallet. In fact, I respect that. Demand that I do it and that's where I draw the line.
We all know this deal is getting done no matter what. Can anyone recall the last time the Teleprompter held a press conference at least every other day on a topic? He even took questions last week. The ponzi must continue.
The most enjoyable aspect it watching Propaganda Joe on MSNBC in the morning when they bring on clown shoes like Harold Ford Jr. to paint the "Tea Partiers" as rabble rousers for not wanting to increase the debt ceiling. Many of these people were elected because the government showed the inability to lead and show restraint. Beautifully both sides find a way to corner carve economic conservatives into the "America Haters" bracket.
Now is the most important time in unraveling of the Matrix for the enlightened. We now see how aligned these purchased D & R pawn to king chess pieces are against the interests of our citizens. If need be a 30 day resolution will be passed until they can get all the treasonists on the right side that allows for them to create and illusion for both parties that, "Sacrifices and tough choices were made but as "Americans" we came together in the best interest of the populace" when by definition their actions are the complete opposite.
And when 2012 rolls around and even more get booted..all the MSM propaganda in existance will do nothing to prevent the political rout. Each year it is more of the:
* Recovery is coming
* We are slowly righting the ship
* We are dedicated to doing the fiscally responsible measures
Were going to have U-3 at 11%, 52 million on Food stamps and another banking crisis by mid 2012 so maybe we should listen to the people who say we have been on a path to destruction when we say taxing peasants, empire like wars and central planning has done nothing but 100 years after the creation of the Fed place us in a position that has NEVER succesfully and sustainably fulfilled the supposed mandates. They have however fulfilled the last page black book mandate which is:
* Trillions to reflate assets of elites
* 400 Billion stolen from savers annually
* Higher taxes
* Increase warfare states and enemies of the republic
* Dollar devaluation
* Record Precious metal prices
* 3 Years of never before seen 0% rates and legalized accounting fraud
Our system is built on lies why is that so hard to see for most Americans. Do they intend to demagogue on the same old "Education, poverty and assistance for non producers" that has gotten us nowhere in 100 years? Every instance of economic collapse when the central planning fails is requiring more central planning, theft, printing, lies, propaganda and now coordinated global of the above..Get a real job you parasites of freedom.
+3.7T
That was awesome.
Bravo Mr. McCloy, Bravo
"Our system is built on lies why is that so hard to see for most Americans. Do they intend to demagogue on the same old "Education, poverty and assistance for non producers" that has gotten us nowhere in 100 years?"
Yes they do, its all they have.
I tip my hat to you John.
Beautiful summary. +10^12
Inspired!
JM, Most of the time I find your posts articulate and a pleasure to read.
Could you explain, with a "U-3 at 11%, 52 million on Food stamps and another banking crisis by mid 2012", how the "educated,... parasites of freedom" can find a job?
I know of several young, well educated ENGINEERS, just out of college, who will take any job, including flipping burgers. Of course be mindful that at that pay they can't feed themselves and pay off college loans..... these kids want to work, are eager to start their engineering carreers and to call them "parasites of freedom" is a tad over the top.
Be mindful that back in the late 1960-70 a bright summer co-op engineering student could very easily earn over $10 an hour. This would allow you to earn enough to cover fall and spring tuition. You can't get that pay now some 40 years later with a 4 year degree in your hand!
In 2008, 20% of all American Children lived below the poverty level, should they be allowed to starve? Is providing them with a basic education unreasonable? Perhaps you believe that it is appropriate for the children to suffer for the parents stupidity of bringing them into the world and not having financial security? After all these Children are "Parasites" and "non producers" by your accounts. Maybe we should get rid of the child labor laws and put these children to work? Child labor laws are part of the "central planning" agenda of the last 100 years.......
What about people who have a low IQ or mental impairment? Should we as a society provide care for them? Or perhaps it would be better to allow them to starve? Or maybe we should look at the option of ending there lives because after all they are parasites and non producers. How about old people? Etc Etc.......
The problems we are facing are complex, to imply that removal of "Education, poverty and assistance for non producers" will come anywhere near addressing the political imbalance of power, sovereign debt problems and realistic expectation of future GDP growth given our finite resources is nonsense.
+n your choice for n natural
This is really a case where both of you are right. JM up to the point where he talks about parasites and you all the way through your post.
One thing I've noticed is that there sure is a lot of hate and sneering on this site recently. I'm guilty of that too. Most of it seems to be an expression of exasperation or despair, although some is clearly ideology based. However, if you think about what the Russians have gone through during the last 100 years, it wouldn't have done them much good to say "I hate Stalin" or "that bastard Brezhnev" without even considering that they might be forced to undergo prophylactic psychological treatment for their disordered thinking under the rubric of the soviet version of DSM II, or worse. To the bulk of Russians, these were just the brute facts of life and why waste energy complaining or crying out? Well at this point, folks like BO, TG, and BB as well as Behner are just facts of life that are as immovable as the concrete barriers they put in front of courthouses in America nowadays. I think we are just trying to de-program ourselves from all the nonsense we were brainwashed with when young and a lot of this hate is just the shock of realizing that we have no power or say in our own lives, or at least that we suspect that will soon be the case!
By the way, how come Cheney now gets a free ride? Is it because he is no longer in the WH?
"In 2008, 20% of all American Children lived below the poverty level, should they be allowed to starve?"
Hysterical, much?
"The problems we are facing are complex,..."
No they're not. The central government simply consumes too much...2.1 million employees.
http://www.usatoday.com/news/washington/2011-07-18-fderal-job-security_n.htm
"...to imply that removal of "Education, poverty and assistance for non producers"..."
Right because they've done such an admirable job thus far with education & promoting poverty through government assistance.
"...will come anywhere near addressing the political imbalance of power, sovereign debt problems and realistic expectation of future GDP growth given our finite resources is nonsense."
Political imbalance of power?...what "political imbalance of power"? And why are there sovereign debt issues, not just here, but across the globe?
Because they are spending what is not there to spend. They are spending the inheritance of the same children you use as an idealogical prop.
SeeSee Kondratieff and Minsky for clues on this clusterfuck. Two other thinkers come to mind: Murray Rothbard, who said, "War is the health of the state." On another side of the polygon, Paul Kennedy described the eventual parlous health of empires in his 1989 Rise and Fall of the Great Powers. He said all empires weaken their economic core -- the very core that made them powerful -- by squandering too much blood and treasure defending the periphery. No exceptions. Throw in a little social spending and a multi-generational debt supercycle top, and you have today's United States of Perpetual Crisis.
Please, just raise the debt ceiling and announce a big fat auction of, say, 1 trillion. The Americans and ZeroHedge-readers are dying to buy those US Bonds. Really. All the buzz and fuzz is one big show. Almost forgotten: the coming war against Iran/China will cost some cents. No austerity this time. Again.
Yes, austerity is just around the corner. Not enough domestic oxes gored to cue David Thoreau. A big nasty GDP-boosting dust up with Iran will silence critics, unify the country, call off all austerity bets, and zoom tangibles.
The "Gang of 6" "solution" to the Social Security issue is basically to punt any action on it to some other congress in 2017 and they can deal with the AARP then.
In other words, it's typical DC weasel BS. No freaking sale.
.....
Yup..and when it is the responsibility of the reps in 10 years I wonder what they will do. Cowards.
docj,
You need to remember the AARP head dogs, went along with Oblameuh on the SS cuts.
UNTIL, the shit storm hit em'.
The dues and loss of hundreds of thousands of members got their attention real quick.(and I might add, the continued loss of old members, and their failure to be able to recruit new slaves, er', members.
My parents, members for about 15-years, canceled their memberships this year.
I'd been telling them for most of that time the AARP didn't have their best interests at heart - guess they finally figured that out on their own.
Isn't AARP just the NAACP for old people?
In their defense if a bill was passed where I have to keep paying SS and they raise the retirement age, I'm voting against whoever votes for that plan. Allow me to opt out, or don't change anything and allow the Ponzi scheme to default in the future.
What they should change is how some bum could work for a few years then get SSDI for life. SSDI should be replaced with private disability insurance.
I think SSI is now $120B a year. Scam central, an industry. In my state, lawyers' faces appear on billboards offering to get you on disability if you have been denied.
Most common billboards in Northen NM: Disability, Indian casinos, drunk driving warnings, and child abuse prevention. No private sector jobs, just transfer payments and government patronage.
The proposal to raise the retirement age and the payout would make it just another tax. Our country hit its pinnacle during the Boomers' generation and now we are experiencing a decline. I expect the life expectancy of middle class and working class Americans to decline, which will mean less payouts in the future if they raise the retirement age.
I'll have whatever is the most expedient for a currency implosion. Sometimes it's fun to take the side of the worst option.
The "Gang of Six" plan doesn't cut taxes $1.5 Trillion.
It raises taxes by $3 Trillion, because it assumes the Bush cuts expire.
Only in Washington is the world's largest tax increase in world history called a tax cut.
This "gang of six" sounds like a lot of BS.
Anyway, it doesn't even matter, the "debt limit" has been passed like over... 100 times.
No one cares when it happens... it has no impact on anything.
The entire world financial system is a giant ponze scheme/fraud.
They hide the excess liabilities from audits by counting worthless paper as assets when they are actually liabilities.
All the banks/world financial institutions over-state their assets and under-state their liabilities to "put on a show" of liquidity/solvency.
All banks/credit card companies/"world banks" are just a bunch of clowns who have no money trying to lend their promisses to pay, even though its completely impossible for them to do so.
More like "The Gang that Couldn't Shoot Straight".
The Gang That Missed All Six Shots
This evenings polls indicate the Tea Party is helping the Dems, a lot.
The other big plus is the surge by Bachman.
Yeah, sure. Whatever.
http://www.realclearpolitics.com/epolls/latest_polls/
A big touche to you docj! A big douche for the guy just above you.
That list is pretty odd. It shows Romney as having the biggest spread but I would have guessed that Bachmann had the biggest spread.
Apparently, more people think Romney is the bigger whore.
As far as the differing approaches to raise the debt ceiling, 58 percent favor Obama’s approach to reduce the deficit by $4 trillion over 10 years by cutting spending, increasing revenue through taxing the wealthy and lowering Medicare’s spending.
Meanwhile, 36 percent support the House Republican proposal to reduce the deficit by $2.5 trillion through only spending cuts.
Citing a poll in which 69 percent of Americans oppose raising the debt limit, CBS news reporter Chip Reid asked Obama if the problem was that he and others had “failed to convince” the American people that “we have a crisis here.”
The President responded:
“Let me distinguish between professional politicians and the public at large. You know, the public is not paying close attention to the ins and outs of how a Treasury auction goes. They shouldn’t. They’re worrying about their family, they’re worrying about their jobs. They’re worrying about their neighborhood. They have got a lot of other things on their plate. We’re paid to worry about it.”
Let them eat Pea Cake?
Same recipe as carrot cake?
Pee cake for the peasants.
haha ZH always good for a laugh.
Pulling more numbers out of your backside, eh?
Which completely ignores the fact that Obama's "approach" is total fantasy as he has precisely zero actual proposals outlining said approach to cut spending (yeah, right), tax the wealthy (in other words, tax the oft-fabled "someone else") and cut Medicare (again, yeah right).
Show us some legislation, Teleprompter. Or STFU.
Hey docj- loved that link to the real poll data.
Obama's "tax" approach is like the famous old campaign slogan: "don't tax you, don't tax me, tax that fellow behind the tree"
Oophs- I used "tax" but I meant to use "revenue"! How politically incorrect.
Thing is, I fully expect The Party of Stupid (that being the GOP) to sell out. But it is somewhat entertaining to watch them actually pass some reasonably OK legislation (CCB just passed: 9 R's vote no, 5 D's vote yes) while Tara Reid's senate has been the dictionary definition of "do-nothing" and The Teleprompter serially self-beclowns on now thrice weekly basis.
"Revenue enhancement". One slick Willie pulled out of his traitorous ass!
Tuco Benedicto Pacifico Juan Maria Ramirez
"This evenings polls indicate the Tea Party is helping the Dems, a lot."
ROTFL!!!
Pageantry aboard the Titanic
At 11:59 p.m. on August 1, Timmay will announce coming up with a few more surprise shekels for 30 more days. Odrama's plan B.
Well, they do have those 2.6T in special issue (i.e. redeemable on demand for full face value at any time) treasuries in the SS "lock box" they could cash in. Its worked with the Federal employees "trust" fund so far to pay the bills and no exceed the debt limit. But if that approach got out might cause some additional re-election problems. But grandma would get her check for sure!
Not my idea of a gang of 6!
Mine's Kournikova, Vergara, Hargitay, Lopez, Earhardt, and Knowles.
My six are: Maria Sharapova, Michelle Wie, Paula Creamer, and the three hot lady golfers Bill Murray eyes while washing golf balls in Caddyshack.
I remember that scene and one of those ladies looked like my mom and she died three years ago!
Tuco Benedicto Pacifico Juan Maria Ramirez
>.< -.- >.< -.- >_< !!
nope , i was trying to care , but i just dont anymore.
The panjandra need a kick in the ass.
I pay 0 attention to all this crap. In September we will all talk about how absolutely nothing has changed and the spending continues. This is all such crap. We are being governed by a bunch of idiots who care only about themselves.
Nothing will change.
We have ourselves a gang bang stand down.
http://www.youtube.com/watch?v=etpHKueh6S0
The Gang of Six
The Gang of 6 Raising the Retirement Age & Reducing Social Security Benefits http://goo.gl/Aix0y / http://goo.gl/m8QMq All for YOUR! Social Security Surplus Money!
Sen. Ben Nelson[D(ick)-Neb.]
Gang of 6 Member Nelson, Ben (D-NE) $14 Million Dollar Lobby Whore http://goo.gl/i29tJ And! who owns him http://goo.gl/DvBWP
Sen. Mary Landrieu[D(ick)-La.]
Gang of 6 Member Landrieu, Mary L (D-LA) $24 Million Dollar Lobby Whore http://goo.gl/dwFxO And! who owns her http://goo.gl/tM3bG
Sen. Ron Wyden[D(ick)-Ore.]
Gang of 6 Member Wyden, Ron (D-OR) $23 Million Dollar Lobby Whore http://goo.gl/GnQKf And! who owns him http://goo.gl/zNRvN
Independent Dick Sen. Joe Lieberman, from Connectidick
Gang of 6 Member Lieberman, Joe (I-Conn) $49 Million Dollar Lobby Whore http://goo.gl/C7tSk And! who owns him http://goo.gl/XospA
Sen. Olympia Snowe [R(eally big dick)-Me.]
Gang of 6 Member Snowe, Olympia J (R-ME) $10 Million Dollar Lobby Whore http://goo.gl/5ArgP And! who owns her http://goo.gl/zj2JJ
Sen. Susan Collins [R(eally big dick)-Me.]
Gang of 6 Member Collins, Susan, M (R-ME) $14 Million Dollar Lobby Whore http://goo.gl/X8I73 And! who owns her http://goo.gl/1dcLY
Know Your Lobby Whore(s)!
Says it all. Thanks, JW.
Did you catch Murdoch today when he said the US/UK are some of the most corrupt systems because the legislators sell out?
He mentioned that Singapore is a far better society because legislators are paid $1 Million dollars and that makes them much less corruptable.
In a weird way, I think he was speaking the truth. Pelosi owns a crapload of AAPL.
Those shares won't do her any good when the ugly old twat is burning in hell.
Awesome! Thanks for this.
We expect the AARP will require clarification on the speaker's stance on that issue shortly. -- Tyler
I hope seniors don't put too much faith in the loyalties of the AARP: AARP’s insurance business long has been known to overlap with its advocacy efforts.
For that primary reason, as the Washington Business Journal reported on April 8, 2011, the nation’s largest association for seniors with 40 million members in 2008, has lost 2 million members since that time, including the loss of 300,000 members who canceled their memberships because they disagreed with AARP’s support of Obama’s “health care reform.”
The AARP is big business; total revenue in 2009 was $1.09 billion, according to W.B.J.
The House Ways and Means Committee began investigations in March into the finances of the AARP for using its lobbying clout to advance the interests of its insurance arm, which sells policies to supplement Medicare coverage - on whether “AARP's insurance business overlaps with its advocacy efforts and whether such overlap is appropriate."
In April, the GOP asked the IRS, “Why is the AARP tax exempt?”
Could it be that older Americans are just a front for the AARP's own monetary interests, especially its government-entwined health insurance arm?
+1
"Mrs. Smith, how are you today? I just wanted to talk to you about the latest legislation to pass the Congress. It cuts your Medicare by eight percent. Lucky for you, as a member of AARP, we can make sure that you don't lose any coverage for just pennies a day."
"How many pennies a day?"
"About three thousand. Now, may I sign you up today?"
Incredible that there exists so many people, in one place, that have the capacity to talk around a problem rather than deal with it.
Deal with it you boobs!
FBI round up of "anonymous" I believe I talked about this activity earlier. I think anyone that goes around doing this stuff these days, is a complete idiot. This is not the 90's guys, come on.............
....The department identified the suspects in the California indictment as Christopher Wayne Cooper, 23, aka “Anthrophobic;” Joshua John Covelli, 26, aka “Absolem” and “Toxic;” Keith Wilson Downey, 26; Mercedes Renee Haefer, 20, aka “No” and “MMMM;” Donald Husband, 29, aka “Ananon;” Vincent Charles Kershaw, 27, aka “Trivette,” “Triv” and “Reaper;” Ethan Miles, 33; James C. Murphy, 36; Drew Alan Phillips, 26, aka “Drew010;” Jeffrey Puglisi, 28, aka “Jeffer,” “Jefferp” and “Ji;” Daniel Sullivan, 22; Tracy Ann Valenzuela, 42; and Christopher Quang Vo, 22. One individual’s name has been withheld by the court......
so here we have young men in their 20's and 30's , and 40's (good grief), doing this stuff. Well I have heard it said , that 60 is the new 40. So on that same note, I suppose 20 and 30 and 40 , is the new 15. Good grief. Talk about a lack of judgment. Now they will go to jail for this stupidity..........and for what? nothing.......
http://www.foxnews.com/scitech/2011/07/19/exclusive-fbi-search-warrants-...
It's important to contain any further leakage to protect the Goebbels Information Network.
Government computer forensics has come a long way since the early days of the internet, that is for sure. Needless to say, it is almost impossible to be truely anonymous anymore. If you can do it, then you must work extremely hard and carefully to do it. Then you have to ask yourself, what for? Why go to all of this trouble for bullshit? When they had dialup, it was easier to pull this stuff off. But even then you had to be careful. I think once wind of this gets in the community, it will stop any further attacks , that is for sure. unless you live in ukraine , or africa...etc.........when they started jacking with the monetary and various official websites, they got the attention they were craving, i suppose, and ....they stepped on their dickies........
You need to stick to your cans on a string.
Those clowns were like as not used and don't have a clue.
NO, it will not "stop the attacks".
bwhahahahahahaa stick to the cans , ok.
Exactly right sir. This is just more propaganda from the propaganda machine.
"Don't believe anything you hear and half what you see."
--unkkkkkknow
Tuco
also on another note. most of these people were probably still living at home. normally i would say why don't you lazy bastards go out and get jobs, but forget that. they can't find work, so they stay at home. but that is another weird thing going on nowawdays. how young siblings stay around the house longer than they used to.
but what is really bad about this, is that these guys will have to go to federal prison, no walk in the park, i am sure. not only that, but the ISP's that were furnishing cable service to their parent's houses, will now ban them and their parents for life. So there you have another intersting tidbit. the parents had nothing to do with it, but it doesn't matter to the ISP people. They will ban them for life......Kind of like hacking a cable modem so you can get T1 speed. Oh that sounds cool, but you might get it to work for maybe two days max, before you get busted by the engineers and then in this case, they too , will ban you for life. the internet was at one time, the wild west. but those days are long gone now....
wild west , bwhahahahaha.
You don't have clue one sonny.
I agree those lazy young bastards should get one of those non-existent well paying jobs. It's not like those jobs have been getting outsourced for decades now, or that there are tax breaks that now encourage companies to outsource labor.
I wonder how many people truly don't get it, welcome to our new economy no matter who is President.
The only thing I wonder is how many of these fellas are on the government payroll? Come on guys. To understand the demons you have to think like a demon. This is not checkers. This is multi-dimensional chess. Things are never as they seem when it come to the alphabet soup of America's fascit governmental agencies!
Tuco Benedicto Pacifico Juan Maria Ramirez
some of those names could have been: Henry, Madison, Franklin, Adams, Washington, Jefferson et al. Freedon isn't free.
Do you believe everything you hear from the establishment media the FBI? Come on now!?
"We have met the enemy and he is us." POGO
this gang bang is getting out of hand!
The social security discussion is bullshit... it is self funded and isn't part of the budget. This is just another "disaster capitalism" rip-off.
"If Social Security reform is not passed by a 60-vote margin, the earlier vote on the rest of the deficit-reduction package is nullified."
Sort of like this message will self-destruct in 60 seconds?
Any such self-referencial language gets put into the US Code like any other law.
So, all it takes is majority passage + a willing president to pass a one-liner (buried in the next "Revatilizing America Act," no doubt) to simply stike out the clause, and bingo, no nullification, and probably no one will notice.
Can goes a few more feet down the road...
So a minority number of 41 democrats can immediately vote the whole damn deficit reduction away. If any republican votes for this they have got to be just plain stupid. It is now clear to me why Obama has jumped on board so quickly.
Repubs are nutless.
Well, yeah, after WestVillageIdiot's cheese grater incident.
Did you see the Teleprompter's press conference? He was way too jovial to believe there is anything to this plan other than him getting another 2.5 trillion to blow.
My options were to watch Obama's press conference or masturbate with a cheese grater. Luckily, my genitals are healing nicely.
"I don't care who ya are, that's funny right there!"
Larry the Cable Guy
Tuco
Republicans in Congress are like a revolving carousel. Boehner was supposed to go to Camp David? Boehner can't get anything done on Capitol Hill. Last night the clowns trotted out Steve Wynn. Murdoch got pie in the pie hole today. Republicans have shot themselves in the foot and are embarrassing themselves.
Hang the gang of six by their fucking balls on a lampost in the middle of Times Square I say!
use the Debt Clock instead of a lampost
I believe two of the members of the Gang Bang of 6 is the two RINO broads from Maine. I'm sure a decent substitute could be found.
"Social Security Reform?"
Do you mean Death Panels?
...or simply lowering payments to physicians so low none of them will see a Senior anymore? I read even in hippie/liberal bastions like Austin, Texas fewer then 20% of the doctors will accept medicare.
That is kind of like the people that talk about diverse neighborhoods and communities send their kids to private schools and live in gated 'hoods. It is good for everybody else, as long as they don't have to live it. I'm looking at you, Pelosi.
Lets face it most of America wants the Ken & Barbie Fairy Tale ending to the Economic & Debt Crisis.
The reality is that it will not happen. There is just no Political Will or Guts to go before the American People to level with them and spell out the real terms of what is needed to do.
99% of your Congressmen and Senators, along with the President, seem to have the IQ of an Ice Cube and that is being kind!
Hey Rocky!!
Watch me pull a rabbit out of my hat
"That trick NEVER works!" Won't work for very long this time, either!
LOL!
that makes no sense!
http://theopeningrange.blogspot.com/
Shocker. This came way before the 11th hour. There is no way this is resolved until the last possible day. Anything reported until then, is just smoke and mirrors.
Seriosuly..what % of Americans now look at themselves when they see Obama talk as president and think "What the fuck was I thinking voting for that worthless lemonade stand CEO"