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Paul O'Neill: People Who Refuse To Raise The Debt Ceiling Are "Our Version Of Al-Qaeda Terrorists"

Tyler Durden's picture


The below Bloomberg TV interview with Paul O'Neill pretty much jumps the shark in Mutual Assured Destruction. Whenever someone says "people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They're really putting our whole society at risk" it is obvious that the issue is beyond rational and has crept up into the demented extreme of demagogy. This one statement may have just doomed the whole debt hiking debate as nobody will cede to being perceived as not only a terrorist but, what is far worse, a weak terrorist by the general population.

From the interview:

On Treasury Secretary Geithner's engagement in the process surrounding the debt ceiling vote:

"I think the Treasury Secretary needs to be judged in his own context. I believe that administrations for the last 30 years have made a mistake, in this sense. There is now a set of practices that are employed that are effectively accounting engineering, to extend reaching the debt ceiling…How do we get from May to July by doing financial accounting tricks? I think it helps the Congress to avoid being responsible. I think that's a really bad idea."
"I wish Tim Geithner would say, when we reach the debt ceiling, we reach the debt ceiling, we are not going to do tricks down here…The Congress needs to be responsible and adult and take action on the deficit. The people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk."
On Boehner wrapping in a conversation over the debt ceiling in the budget debate:
"I do [think Boehner is dangerous.]Because there's a chance, if you look at some of the things that people say, well, we still have enough money to pay the interest on our debt, that is beside the point. This is permitting us to pay the bills that we have already incurred."
"I do believe we have been broken political system that is capable of doing irresponsible things. This whole conversation is irresponsible."


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Wed, 04/27/2011 - 13:20 | 1212264 plocequ1
plocequ1's picture

Duly noted. Now back to our rally in progress.

Wed, 04/27/2011 - 13:40 | 1212369 101 years and c...
101 years and counting's picture

sounds like its time for kill a few thousand more americans to extend the ponzi out a few more years (like they did on 9/11/01).  best way to get spending thru at this point is with a "national emergency".


Wed, 04/27/2011 - 13:47 | 1212419 Hearst
Hearst's picture

How dare America try to ballance their budget! 


The rich ruleth over the poor, and the borrower is servant to the lender. - Proverbs 22:7

Wed, 04/27/2011 - 14:26 | 1212538 Don Birnam
Don Birnam's picture

"I do believe we have [a] broken political system that is capable of doing irresponsible things. This whole conversation is irresponsible."

"Irresponsible conversation" indeed. This, a quote from a gentleman who has been party to this "broken political system" stretching back to when O'Neill was Jerry Ford's deputy director of OMB ? Beltway hypocrisy.

Wed, 04/27/2011 - 14:33 | 1212732 topcallingtroll
topcallingtroll's picture

Allah Akbar then.

Lets take jihad to the bankers and AIG.

Wed, 04/27/2011 - 19:56 | 1214190 Crab Cake
Crab Cake's picture

AlQaeda? Oh sir, you have no conception of what real free American citizens are capable of when push comes to shove. We the people are more dangerous than you can ever imagine. Go ahead and finish what you started, finish bankrupting our corrupt empire. When this is done it is you who will be the enemy, and we will reclaim our republic; destroying all who stand before a host of free arms bearing men of common purpose.

Wed, 04/27/2011 - 20:24 | 1214283 WallStreetClass...'s picture

this is exactly what Lenin used to say. welcome comrade!

Wed, 04/27/2011 - 20:39 | 1214331 Hephasteus
Hephasteus's picture

Americans are mean. You drug test a couple 6 year olds in an airport. Jack off to a couple scanner pics and they get all pissed off and make the president show HIS PAPERS!!!

Ya'll are nazis!!!

Wed, 04/27/2011 - 14:17 | 1212598 silvertrain
silvertrain's picture


Wed, 04/27/2011 - 14:37 | 1212761 gmrpeabody
gmrpeabody's picture

That's easy for you to say!

Wed, 04/27/2011 - 18:00 | 1213836 High Plains Drifter
High Plains Drifter's picture

sounds like it is time to kill a few thousand.........


yes 101, it is..........

Wed, 04/27/2011 - 18:35 | 1213934 sentient
sentient's picture

fuck this little cocksucker.....  elitist scum...

Wed, 04/27/2011 - 23:21 | 1214747 Old Poor Richard
Old Poor Richard's picture

Obama better send in some drones.  A few Hellfire missiles up their stupid tea party asses will let them know who's their daddy.

/sarcasm (indicator for the humor-impaired)

This prick O'Neill is the bankster's bankster.  Billions in bonuses depend on the Fed loaning trillions to the banksters at 0% so they can flip it to the Treasury so they can skim off a fat profit for no work and no risk.  The idea of even reducing deficit spending, let along terminating it by freezing the debt ceiling simply strikes them as worse than... well worser than the worsest thing you can imagine.

We could only hope that these Al Qaida debt-busters would saw some banks' heads off (figuratively speaking, of course).


Thu, 04/28/2011 - 08:50 | 1215349 PAUL LEO FASO
PAUL LEO FASO's picture

Sadly, your comment rings up a dreadful tune, for in our national collective denial of the horrific events of 9/11, lie a bitter truth that must be faced. For those Americans who now are just finishing connecting the dots and are ready for the big, hidden picture you imply, the following links are provided to establish why we must act as one unified nation to understand what has happened to America and how to reconcile the real financial terrorists amid our land today. The first link will assist in the historic perspective of the financial events prior to 9/11, during 9/11 and are an essential read, through to the conclusion. The second link is my call to action on what to do about it now.



Wed, 04/27/2011 - 13:52 | 1212452 AN0NYM0US
AN0NYM0US's picture

Yesterday Margaret Brennan was chatting with their political hack and discussing Ron Paul.  She questioned why  anyone would take him seriously exclaiming "He's Seventy Five Years Old", I'd like to see her interviewing Sumner Redstone etc..  She really belongs over at CNBS.!/margbrennan/status/21688076313

Wed, 04/27/2011 - 14:29 | 1212680 Montgomery Burns
Montgomery Burns's picture

She's got a nice rack too!

Finally a captcha question I can answer "1 times ___ = 3"  It's a trick right?

Wed, 04/27/2011 - 14:27 | 1212683 Montgomery Burns
Montgomery Burns's picture

She's got a nice rack too!

Finally a captcha question I can answer "1 times ___ = 3"  It's a trick right?

Wed, 04/27/2011 - 17:12 | 1213672 The Fonz
The Fonz's picture

It IS a trick question. There are actually two Zero Hedge sites. When you fail too many captchas you get relegated to the retard bridgade and directed here instead of the real site. Welcome friend!

Thu, 04/28/2011 - 02:54 | 1214973 jeff montanye
jeff montanye's picture


Wed, 04/27/2011 - 13:58 | 1212504 Weisbrot
Weisbrot's picture

How about USA declares bankruptcy, re issues debt to the small holders & sovereigns 1st, then make the FED take the hair cut...... seems equitable to those of us that believe all the tarps and QE were nothing more than a giant financial rape of America.


Wed, 04/27/2011 - 17:36 | 1213752 Al Gorerhythm
Al Gorerhythm's picture

The poor chap has made so many twists and turns in his logic, that he has tied his feeble mind into a knot. The political and bureaucratic tangle that these dolts have caused, with their abandonment of constitutionally responsible government, is a disgrace. 

Fiat money needs to be abandoned.

Wed, 04/27/2011 - 13:21 | 1212266 Dr. Porkchop
Dr. Porkchop's picture

If they are the terrorists, why is it that Timmy and the bankers are the ones with the suicide vests?

Wed, 04/27/2011 - 19:14 | 1214064 New World Chaos
New World Chaos's picture

Yeah, the real financial terrorists are those who print and spend like there's no tomorrow.  But the longer we kick the can down the road, the more spectacular the collapse at the end.  The mobs will be angrier, they will lynch more elites and burn down more corrupt institutions.   The greater the destruction, the greater the freedom afterwards.  So, as a financial terrorist, I vote we raise the debt ceiling.  Might also allow me to buy a few more terrorist silver bullets.

Wed, 04/27/2011 - 13:23 | 1212268 -Michelle-
-Michelle-'s picture

There you go, folks.  Years from now, I think this "argument" will be cited as the point at which Americans finally started to think that maybe they were being distracted by smoke and mirrors all of this time.

Wed, 04/27/2011 - 13:48 | 1212430 Whatta
Whatta's picture

not so long as I have 295 cable teevee channels to little time, so many reality shows to Tivo.

did the terror color threat color just go up a level on the news of these potential domestic terra-ists?

Wed, 04/27/2011 - 17:47 | 1213794 Larry Darrell
Larry Darrell's picture

You have been distracted, huh?

I'm pretty sure there is no more color coding on the terror level.

I believe there are now only 2 options........imminent threat being the high, and always watch your neighbors is the low.

Welcome to the motherland.


Wed, 04/27/2011 - 13:33 | 1212269 hedgeless_horseman
hedgeless_horseman's picture

The people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk.

It is all of the politicians that have spent the money (money they didn't have, but we taxpayers are on the hook for) that put their credit at risk, not our credit.

Step one to getting out of a hole you have dug yourself into is always to stop digging.  I don't think we are even close to step one.

Wed, 04/27/2011 - 13:31 | 1212329 A Lunatic
A Lunatic's picture

Taxpayers are the new Terrorists.

Wed, 04/27/2011 - 13:42 | 1212380 redpill
redpill's picture

Truth is treason in the Empire of Lies.

-- Ronald Earnest Paul, Revolution: A Manifesto

Wed, 04/27/2011 - 14:11 | 1212441 A Lunatic
A Lunatic's picture

Terrorists are the new Communists.

Wed, 04/27/2011 - 14:22 | 1212626 trav7777
trav7777's picture

just a paraphrase of Orwell and Goebbels

Wed, 04/27/2011 - 14:27 | 1212682 A Lunatic
A Lunatic's picture

paraphrase is the new parapliers which will be used to pull your fingernails off if you do not raise the debt ceiling. The Witch Hunt is on, bitchez.

Wed, 04/27/2011 - 18:29 | 1213919 el Gallinazo
el Gallinazo's picture

Of course Orwell did it better:

During times of universal deceit, telling the truth becomes a revolutionary act.

Wed, 04/27/2011 - 13:59 | 1212512 Whatta
Whatta's picture

" 50 percent of the members of the Congress, who are looney,"

Question...What percentage of the general population does it take to elect a "50% looney" Congress? WTF?

That asshat thinks we are all dummer'n a bag of dead squids.

Wed, 04/27/2011 - 15:14 | 1212969 THE DORK OF CORK
THE DORK OF CORK's picture

Hedge less -  its not a debt ceiling  , its a money ceiling - the money just has a time component which gives interest.

The money has to replace the credit or at least increase its ratio relative to credit money

You can do it 3 ways  - increase the stock of Goverment money

                                 increase the price of private money to balance the liabilties

                                or destroy the liabilties (chiefly bank deposits )

Maybe I am missing something however........

Wed, 04/27/2011 - 16:10 | 1213330 hedgeless_horseman
hedgeless_horseman's picture

You aren't missing anything (other than a few Northern counties). 

Ah well, such is the bread of an everyday life. From morning to noon to this shadowless night.

Wed, 04/27/2011 - 16:21 | 1213384 THE DORK OF CORK
THE DORK OF CORK's picture

And a central bank which obeys us rather then the ECB.

Look at Ireland - we have a tiny money stock  to pay for private liabilties.

Credit money and Money are like chalk and cheese.


Wed, 04/27/2011 - 16:24 | 1213414 hedgeless_horseman
hedgeless_horseman's picture

we have a tiny money stock  to pay for private liabilties.

And yet everything there is still so expensive.  Strange.  Is the velocity of money particularly high in Ireland, relative to other places?

Wed, 04/27/2011 - 16:47 | 1213551 THE DORK OF CORK
THE DORK OF CORK's picture

You get to the crux of the Euro weakness at least from a sovergin money perspective.

Congress produces base money in the States.

The ECB has control of base money in Europe.

Their 3% deficit rule lowered tax during the first decade or so of Euro preparation and assimilation.

This lower tax increased private consumption , malinvestment and credit money saving during the initial years - these higher asset prices and real wages and bank liabilties (deposits) are now ingrained on private bank balance sheets.

The ECB is preventing goverment money creation to replace this credit money.

Euros are hoarded - this limits the medium of exchange function of money and therefore commerce


Wed, 04/27/2011 - 13:21 | 1212271 spekulatn
spekulatn's picture


Nuff said.

Wed, 04/27/2011 - 13:24 | 1212275 the not so migh...
the not so mighty maximiza's picture

Extend my credit card limit or the bitch gets it!!

Wed, 04/27/2011 - 13:48 | 1212432 101 years and c...
101 years and counting's picture

they'd love to extend you credit.

if you threaten to close your credit, you are a terrorist and will be sent to guatanamo.



Wed, 04/27/2011 - 13:22 | 1212279 lolmao500
lolmao500's picture

What about not lying and say that US breaching the debt ceiling just means NO DEFICIT... and it doesn't mean default?

Wed, 04/27/2011 - 17:36 | 1213741 topcallingtroll
topcallingtroll's picture

very good point!

Wed, 04/27/2011 - 13:25 | 1212283 Gimp
Gimp's picture

You are either with us or against us on keeping the ponzi going....

Wed, 04/27/2011 - 13:35 | 1212353 falak pema
falak pema's picture

That is the true historical definition of what hegemony means...aka Pericles.

Of course Mr Ponzi was no Pericles...but maybe Paul O'Neil sees himself in that vein...

Wed, 04/27/2011 - 13:23 | 1212287 Buckaroo Banzai
Buckaroo Banzai's picture

I would like to suggest respectfully that Paul O'Neill go fuck himself.

Wed, 04/27/2011 - 13:28 | 1212312 fuu
fuu's picture

I second the motion.

Wed, 04/27/2011 - 14:07 | 1212557 willien1derland
willien1derland's picture

Motion Passed - Well done BB - without the Debt ceiling extension Wall St will have to accept the risks they take - it's called accountability O'Neill - not like anyone on Wall St or Washington DC would have any grasp of such a concept -  

Wed, 04/27/2011 - 13:32 | 1212331 falak pema
falak pema's picture

Your suggested action does not correspond to the tonality of your words.

Would you be willing to show him the way by act as by word, to alleviate any doubt in our minds about the sincerity of your suggestion?

This does require a simple yes-no response. IMHO.

Wed, 04/27/2011 - 13:45 | 1212412 digitlman
digitlman's picture


Wed, 04/27/2011 - 13:26 | 1212288 Mongo
Mongo's picture

What SOB

Wed, 04/27/2011 - 13:25 | 1212294 tallen
tallen's picture

What next, if you don't buy US T bills you get sent to Guantanamo Bay? Funny stuff.

Wed, 04/27/2011 - 14:06 | 1212551 Sudden Debt
Sudden Debt's picture

It would actually be the evil senators who go against the bill that would be send to Guantanamo and get waterboarded untill they democraticly sign it or get a "fall down the stairs accident".



Wed, 04/27/2011 - 13:25 | 1212296 Cassandra Syndrome
Cassandra Syndrome's picture

Look, its the 21st century, we don't have to make stuff anymore. Turn on the printing presses, sit back, relax.

Wed, 04/27/2011 - 13:25 | 1212299 Quintus
Quintus's picture

I cannot believe people are even entertaining a 'Debate' around the debt ceiling.  

Option A: is vote to raise the debt ceiling and incur all the disasters that will flow from that over the coming months and years when, hopefully, someone else will be in power

Option B: is vote to cut ALL Government spending by at least 50% immediately to match Government revenues, and deal personally with the fallout

Is there anyone in the entire world that believes that an elected politician would ever choose option B?  Seriously?

Wed, 04/27/2011 - 13:33 | 1212328 rosiescenario
rosiescenario's picture

The 'Debate" is just an opportunity for some more air time....the conclusion is a given.


Wed, 04/27/2011 - 13:37 | 1212349 Quintus
Quintus's picture

Of course it is.  Which is why I am amazed that the question is even being raised.  What next?  A Bloomberg special investigation into whether the Sun will rise tomorrow or not?  It's a total non-issue.  They should be focusing on the consequences of the inevitable result, but that could raise awkward questions, I guess.

Wed, 04/27/2011 - 13:39 | 1212364 ZackAttack
ZackAttack's picture

The only "debate" is over the ratio of extend to pretend.

Wed, 04/27/2011 - 15:47 | 1213210 WallStreetClass...'s picture

cut ALL Government spending by at least 50% immediately

You have to quit smoking that grass, not good for you.

Wed, 04/27/2011 - 13:25 | 1212300 JustPrintMoreDuh
JustPrintMoreDuh's picture

Get a rope!

Wed, 04/27/2011 - 13:26 | 1212304 velobabe
velobabe's picture

this white haired dweeb, is my grandfather!

Wed, 04/27/2011 - 13:26 | 1212305 Cdad
Cdad's picture

So...conversation about the debt ceiling is irresponsible?  How so?

Wed, 04/27/2011 - 13:30 | 1212323 SheepDog-One
SheepDog-One's picture

Because if the billionaires dont get far richer off the backs of the destroyed middle class, thats obviously TERRORISM!

Wed, 04/27/2011 - 13:36 | 1212337 Cdad
Cdad's picture

Isn't the destruction of our own currency, the one that will be inherited by our children, the same kind of terrorism?  Isn't the exact opposite of what he said true?  

To NOT have a conversation about the debt ceiling issue is________.

Wed, 04/27/2011 - 13:42 | 1212393 his_name_is
his_name_is's picture

They agreed to pass the budget and knew the budget would hit the limit.  Raising it should be a no brainer since they passed the budget that is requiring the limit to be increased. 

Wed, 04/27/2011 - 13:27 | 1212307 Sofa King
Sofa King's picture

Well, let's see, last year when our esteemed statesmen and women decided to operate without a budget, those people weren't loony.  Wahington DC and it's suburbs have become some of the wealthiest areas in the country.  That's due to the looting of the taxpayers treasure.  Saying we need to stop the bleeding is not loony.  Just stop spending more than you take in and the debt ceiling will not be breached.  Throttle back just a little bit and the debt will start decline.  It's not rocket science but it does hurt when the tit dries up.  

Wed, 04/27/2011 - 14:25 | 1212653 Things that go bump
Things that go bump's picture

Infants must eventually be weaned.  If that necessary step in development is not taken we are treated to the disturbingly shocking vision of a school-aged child still suckling at his mother's breast.  I don't think that is the problem here, and referring to it in those terms makes it that much more difficult to come to terms with.  What we have here, ladies and gentlemen, is the much more common and pedestrian problem of trying to separate our drunken spouse from their Jack Daniels, Budweiser, oxycodone, cocaine or whatever the drug of choise is, and we are trying to do it in good old, tried and true, co-dependent fashion, which means ineffectually at best, aiding and abetting at worst.  Most are certainly not willing to take the steps necessary to force a showdown.

Wed, 04/27/2011 - 13:28 | 1212313 SheepDog-One
SheepDog-One's picture

Another lisping mush mouthed crook.

Wed, 04/27/2011 - 13:45 | 1212413 geminiRX
geminiRX's picture

Has he always had a lisp or is he in very bad need of Polygrip? Incidently, long term use of Polygrip has been associated with dementias....which may explain everything.

Wed, 04/27/2011 - 13:29 | 1212315 Josh Randall
Josh Randall's picture

O'Neill = D'BAG

Wed, 04/27/2011 - 13:31 | 1212316 Seasmoke
Seasmoke's picture

this lispy motherfucker should be spit on

they use to try calling people racist but that no longer scares anyone, so now going with calling them terrorists

as usual, Thats going to backfire and people will wear it as a badge of courage

Wed, 04/27/2011 - 13:36 | 1212341 A Lunatic
A Lunatic's picture

Really, I mean what the hell is wrong with having a terrarium anyway?

Wed, 04/27/2011 - 14:09 | 1212570 Creed
Creed's picture

they use to try calling people racist but that no longer scares anyone, so now going with calling them terrorists


+1 to that


the whole racism thing has been exposed as a fraud since a black man was elected president and multiple examples of black racism against whites have come to light (no thanks to mainstream media)

Wed, 04/27/2011 - 14:27 | 1212661 trav7777
trav7777's picture

Racism is a word invented by a marxist jew homosexual and pushed by the likes of Trotsky/Bronstein.  The clan built an entire advocacy machine around it.  It was originated to specifically be a particular affliction of solely non-jew whites.  So when a black says they cannot be racist, they are actually correct by the definition of the word as it was coined by its progenitors.

Consequently, it no longer means anything.  Anyone who doesn't give a black person exactly what they want when they want it, is a racist.  It's an empty word as it ALWAYS was.

Now it appears ANYONE is a terrorist who doesn't give the government what they want whenever they want it or who opposes a demagogue, or who dissents. 

Wed, 04/27/2011 - 14:32 | 1212720 A Lunatic
A Lunatic's picture

The consequences of being a terrorist are exponentially  greater than being labeled a racist however.

Wed, 04/27/2011 - 14:42 | 1212774 bob_dabolina
bob_dabolina's picture

"Racism is a word invented by a marxist jew homosexual"

Made me spit up soda through my nose. Thanks.

And blacks are raycees, the silent c in rascist throws them off.

Wed, 04/27/2011 - 20:22 | 1214272 Optimusprime
Optimusprime's picture

+1.  Keep it comin' trav.  Sometimes the truth hurts.

Wed, 04/27/2011 - 13:31 | 1212317 BobPaulson
BobPaulson's picture

They're taking the hobbits to Isengard!

Wed, 04/27/2011 - 13:30 | 1212325 centerline
centerline's picture

You can't polarize the issue any more than that.  But, it's all moot anyhow.  Everyone knows they haven't a choice here.  Everything else is just theater.

Wed, 04/27/2011 - 13:33 | 1212327 LFMayor
LFMayor's picture

Hopefully, in the near future he can be shown some real life definition and a working example for that term he threw around so loosley.

Fucking over the poor and cheating the honest won't hold water forever.  Eventually the cheating carnies get strung up or run out of town.

Wed, 04/27/2011 - 13:56 | 1212490 A Lunatic
A Lunatic's picture

Eventually the cheating carnies get strung up or run out of town.

History does not support this idea.

Wed, 04/27/2011 - 13:31 | 1212330 tony bonn
tony bonn's picture

paul o'neill is the douche bag terrorist......

the world will not end without a debt ceiling increase just as he admonishes geithner to break the law, geithner being an old hand at such criminality.....

cutting our military paranoid defense budget would be a healthy start to restoring soundness to our budget...but o'neill wants us to be responsible by increasing our debt to gdp ratio even higher....yep paul, that's really smart budget management....thank you for your fucktarded insights on adulthood...

Thu, 04/28/2011 - 00:46 | 1214869 FeralSerf
FeralSerf's picture

He was a better Treasury Secretary than any of the other dipshit thieving bastards that Bush appointed.  If Cheney didn't like him (and he didn't), he can't be all bad.

Wed, 04/27/2011 - 13:34 | 1212332 nobusiness
nobusiness's picture

AMZN has gone full retard.


The analyst looked at the numbers yesterday and were not impressed.  the computers looked at the stock today and said I can run this bitch up.

Wed, 04/27/2011 - 13:36 | 1212333 plocequ1
plocequ1's picture

Breaking news: Paul O'Neill is long Amazon

Wed, 04/27/2011 - 13:34 | 1212334 and so on...
and so on...'s picture

What an absolute idiot! Well, he should go then and swear out an arrest warrant

on the ... Speaker of the US House of Representatives!

Wed, 04/27/2011 - 13:35 | 1212339 breezer1
breezer1's picture

gold standard is now inevitable.

Wed, 04/27/2011 - 13:35 | 1212355 A Lunatic
A Lunatic's picture

Or numbers tattooed on our foreheads..........

Wed, 04/27/2011 - 13:33 | 1212340 Max Rockatansky
Max Rockatansky's picture

What a douche...

Wed, 04/27/2011 - 13:34 | 1212344 Samual Adams
Samual Adams's picture

I'm a huge terrorist:

-2nd amendment CCW holder





-white al-qeada

-anti-fiat money

-PM holder

-know the wars are military industrial complex lies

and spread all this knowledge accross all spectrums and dynamics!

Proud to be a Terrorist! 
Down with USA Tyranny!  Back to the Constitution, Decleration of Independence, Bill of Rights, Rule of Law, Common Law.

Wed, 04/27/2011 - 13:37 | 1212365 mick_richfield
mick_richfield's picture

U.S. Out of North America!

Wed, 04/27/2011 - 15:43 | 1213186 WallStreetClass...'s picture

Add "a dumbass"...

Wed, 04/27/2011 - 21:08 | 1214436 Charlie Bravo
Charlie Bravo's picture

Now that's not nice.

Behave yourself.

Charlie Bravo

Wed, 04/27/2011 - 17:46 | 1213781 topcallingtroll
topcallingtroll's picture


Who the fuck ever thought we would reach the point in this country where we were taxing income?

Wed, 04/27/2011 - 13:34 | 1212348 f16hoser
f16hoser's picture

Who's the real terrorists here: The person (Paul O'Neill) who wants to completely destroy the dollar by printing more or the proud few who want to stop this fiscal irresponsibility which he (Paul O'Neill) believes is the answer? Paul O'Neill, for a guy with grey wiskers, you haven't learned anything over the years.

Wed, 04/27/2011 - 15:47 | 1213196 WallStreetClass...'s picture

No, let's frame this right.

Who's the real terrorists here: The person (Paul O'Neill) who wants to completely destroy the dollar by printing more or the stoopid few who want to immediately default?

Here I fixed it.

Wed, 04/27/2011 - 17:41 | 1213759 topcallingtroll
topcallingtroll's picture

he he

go back to daily kos and huffington post.

Wed, 04/27/2011 - 13:39 | 1212354 bob_dabolina
bob_dabolina's picture

I think Paul O'Neill should shut his caca canal. My shit doesn't smell as bad as his logic.

How bout we stop spending so much money on bullturds and we wouldn't have this problem. Someone needs to retire these guys to the golf course before they do any more damage.

Wed, 04/27/2011 - 13:35 | 1212356 Gubbmint Cheese
Gubbmint Cheese's picture


Wed, 04/27/2011 - 13:36 | 1212358 Dangertime
Dangertime's picture

I think one could argue that allowing the country to borrow so much is akin to financial terrorism.

Wed, 04/27/2011 - 13:40 | 1212367 bob_dabolina
bob_dabolina's picture


This is bafoonary

Wed, 04/27/2011 - 13:54 | 1212467 Bastiat
Bastiat's picture

On that we agree.

Wed, 04/27/2011 - 13:40 | 1212362 swissaustrian
swissaustrian's picture

Ron Paul calling for fiscal sanity = the new Bin Ladin

John McCain travelling to Libya to negotiate witch al-quaeda led "rebels" = promoting democracy


Wed, 04/27/2011 - 13:40 | 1212371 jerry_theking_lawler
jerry_theking_lawler's picture

I predict in the future, the word 'terrorist' will be pulled out by anyone who wishes to attack a competing interest/ideal.

the true meaning will be lost to the masses as it will be used like water.

Wed, 04/27/2011 - 13:58 | 1212505 DOT
DOT's picture

I'll be first !

You sir, are a terrorist.

Wed, 04/27/2011 - 13:41 | 1212376 digalert
digalert's picture


Paul O'neill is a double agent spy...he's talking out his ass!

Wed, 04/27/2011 - 13:42 | 1212386 Quantum Nucleonics
Quantum Nucleonics's picture

Wow, what rock did they drag him out from underneath?  Arguably one of the worst Treasury Secretarys in recent memory, and that's setting the bar pretty low.

Wed, 04/27/2011 - 13:41 | 1212388 buzzsaw99
buzzsaw99's picture

what a disgusting pie hole.

Wed, 04/27/2011 - 13:45 | 1212395 JustPrintMoreDuh
JustPrintMoreDuh's picture

So as to avoid having this debate all over again next month, 

the new debt ceiling has been set at a rather large number raised to the power of a googolplex

Wed, 04/27/2011 - 13:56 | 1212398 Threeggg
Threeggg's picture

Gold/Silver just took a huge jump $1524.18 !

Where is methman ????/

Oh well, I guess we'll see him at the next expiry ! 

See you then Meth    ((0)-(0))


Wed, 04/27/2011 - 14:15 | 1212601 slewie the pi-rat
slewie the pi-rat's picture

yeah, but, they're going parabolic, so that's bad, right?  it's a headfake!  again!

dangertime will buy more puts, here, thankful he has more FRNs to lose from liquidating his "non-core" positions in physical Pms. 

then, in an hour, when gold is @ 1492 and Ag @ 42.19, he will cruise by in his new porsche and make us all feel like shit because we missed something.  again. 

Wed, 04/27/2011 - 13:47 | 1212400 bob_dabolina
bob_dabolina's picture

The comments on this thread are colorful and entertaining. There are quite a few gems here.

Wed, 04/27/2011 - 13:46 | 1212403 redpill
redpill's picture

Terrorists because they don't support the ponzi scheme?  Fuck you, sir.


Wed, 04/27/2011 - 13:45 | 1212404 Bartanist
Bartanist's picture

How do people get so twisted that they only look at the symptoms and not the causes.

Until there is a responsible government that addresses the causes, such as misallocation of resources, theft, fraud, murder, US government sponsored terrorism embezzlement and Ponzi scheming to support the life style and ego of useless parasites; they do not deserve one single penny. Everyone from the president, treasury, congress, through the state department, the pentagoons and lack of intelligence agencies should all be fired and we should start from scratch ... and not as part of a global government because that will simply be more fascism.


I am convinced that they constitution had it right and little manageable parts are more sustainable and better for people than an unwiedly groping and corrupt empire (is there any other kind?).

Wed, 04/27/2011 - 13:48 | 1212405 Re-Discovery
Re-Discovery's picture

Certainly won't win the surfing contest, but I jumped back on the Silver wave at about 11:45 and should have a pretty good ride.  I think big move up overnight, then some sideways down tomorrow then back on upward trend.  Someone got the "just before" release and started selling treasuries.  PMs moved just before noon.  Inflation trade people.  Get onboard!

Wed, 04/27/2011 - 13:48 | 1212416 DavidC
DavidC's picture

He was contradicting himself.

"There is now a set of practices that are....effectively accounting engineering, to extend reaching the debt ceiling... think it helps the Congress to avoid being responsible. I think that's a really bad idea."

"I wish Tim Geithner would say, when we reach the debt ceiling, we reach the debt ceiling, we are not going to do tricks down here…The Congress needs to be responsible and adult and take action on the deficit".

And then says the following!
"The people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk."

Make up your mind!

Although I do agree with
"I do believe we have a broken political system that is capable of doing irresponsible things. This whole conversation is irresponsible."


Thu, 04/28/2011 - 02:53 | 1214975 Assetman
Assetman's picture

Contradictory, indeed.

By its very action, increasing the debt ceiling encourages even more irresponsbile deficit spending.  If Congress were actually "responsible about doing something on the deficit", breaching the ceiling all these years would never have been an issue.

So... for whom is the term "financial terrorist" more descriptive? 

One who enslaves the population by allowing goverment to continue deficit spending and dig an even bigger debt hole by raising the debt ceiling... most likely by $trillions?

Or one who draws the line on deficit spending, and aggressively enforces spending discipline by keeping the debt ceiling intact? 

I mean, wasn't that why there was a debt ceiling created in the first place???

Methinks Paul O'Neill is either an idiot or a (debt) snake oil salesman.  While both descriptions may fit, neither rank too highly in my book.

Thu, 04/28/2011 - 06:44 | 1215117 OldTrooper
OldTrooper's picture

You just need to translate from Goldmanese to English.  For example, the phrase "our whole society" translates to "my masters who harvest the lives' work of all this land".  The literal meaning of "Congress needs to be responsible" is "those asshats we gave positions to must follow their fucking orders or else".

When you translate the entire message it makes perfect sense.

Wed, 04/27/2011 - 13:47 | 1212428 Aristophanes
Aristophanes's picture

The terms "terrorist" and "freedom fighter" are often used by differing crowds to describe the same person.  Are you a terrorist if you fight against politicians who are committing treason?

Wed, 04/27/2011 - 13:53 | 1212473 Whatta
Whatta's picture

dang, you confuse me, but generally it depends on which side Wall Street/The FED has the President on at the time

Wed, 04/27/2011 - 13:50 | 1212429 aeonic
aeonic's picture

I hope this guy gets AIDs and dies.

Wed, 04/27/2011 - 13:50 | 1212449 bob_dabolina
bob_dabolina's picture

I hope he gets cancer of the eyes and a hemorrhaging rectum

Wed, 04/27/2011 - 14:08 | 1212562 Aristophanes
Aristophanes's picture

...perhaps at the same time because his head is so far up his own rectum.

Wed, 04/27/2011 - 16:14 | 1213347 slackrabbit
slackrabbit's picture

man this is like Looney Tunes / Itchy and Scratchy.....therefore......all this while he suddenly looks  down and realises he has stepped off a cliff.

Wed, 04/27/2011 - 13:52 | 1212448 Muir
Muir's picture


I think we should all acquiesce and voluntarily become serfs or indentured servants.

Of course, unless you are in the top 1/10th% percentile, your children should also work in the garment trade or coal mines starting at around 9+-.


Wed, 04/27/2011 - 13:52 | 1212453 sbenard
sbenard's picture

2011 growth rate of US debt - 12%

2011 growth rate of US economy - 2%

Who is the terrorist? The one who keeps our debt growing at the suicidal 6X the growth of the economy, or those who stop the suicide deathwish? I think the answer is obvious!

Wed, 04/27/2011 - 13:53 | 1212459 FranSix
FranSix's picture

You mean, people refusing to raise the debt ceiling are hard up for sex?  Thanks, Dad!!  Thanks a lot!!

Wed, 04/27/2011 - 13:55 | 1212493 AN0NYM0US
AN0NYM0US's picture

please don't pollute ZH with links to Henry Business Insider' piece of Huffington crap blog

Wed, 04/27/2011 - 13:51 | 1212461 Andrew_Jackson
Andrew_Jackson's picture

What a douchebag!  Yes, very irresponsible to authorize spending more money we do not have...

Wed, 04/27/2011 - 13:52 | 1212469 Weisbrot
Weisbrot's picture

Time to take some responsibility while there is still something worth salvaging, Perhaps JFK was right is wanting to end the Fed.......................

Wed, 04/27/2011 - 13:55 | 1212471 kito
kito's picture

stupid fucknut. its like a doctor telling a patient, its irresponsible of you to go on a diet now, because it will mean no more hot dogs and hamburgers for you, and i wouldnt want to see you emotionally distressed. lets wait till the massive coronary and the triple bypass in a few years

Wed, 04/27/2011 - 13:54 | 1212481 sbenard
sbenard's picture

good analogy. I must remember that one! Thanks!

Wed, 04/27/2011 - 15:09 | 1212942 Rusty Shorts
Rusty Shorts's picture

 - what? no more cigs and beer?


my god.

Wed, 04/27/2011 - 15:39 | 1213143 WallStreetClass...'s picture

Your analogies are as fitting as your upbringing. Sorry.

Wed, 04/27/2011 - 13:53 | 1212474 JLee2027
JLee2027's picture

What an ass O'Neill is. Pot kettle, black.

Wed, 04/27/2011 - 14:00 | 1212503 darteaus
darteaus's picture

Yeah, right a$$hØle; save that bunk for the rubes.

It's the people who's spending requires a debt ceiling in the first place that are the terrorists.

Wed, 04/27/2011 - 14:00 | 1212506 The Alarmist
The Alarmist's picture

If you go to the OED or Merriam Webster and look up the definition of "Contrarian Indicator," you will find a picture of Mr. O'Neill.  Now, if only the GOP leadership had the sense to embrace the concept of a contrarian indicator.

The only members of the GOP with Cajones are the women like Bachman.


Wed, 04/27/2011 - 19:43 | 1214156 baby_BLYTHE
baby_BLYTHE's picture

Sure wish she would start caring more about the Constitution she cites almost every speech. Civil liberty is the bedrock of a free society, a vote to EXTEND the Patriot Act is perhaps the largest FU one can give to the principel's of individual liberty!

Wed, 04/27/2011 - 19:44 | 1214157 baby_BLYTHE
baby_BLYTHE's picture


Wed, 04/27/2011 - 14:00 | 1212509 jbt6561
jbt6561's picture

paul o'neill has always been prone to overreaction...i remember when he played outfiled for the Yankees, when he would strikeout he would always kick the watercooler.

Wed, 04/27/2011 - 14:01 | 1212510 carbonmutant
carbonmutant's picture

After stealing my money the thief demanded my ATM codes.

"If you don't gimme what I want you're a terrorist."


Wed, 04/27/2011 - 14:06 | 1212522 slewie the pi-rat
slewie the pi-rat's picture

paul 0'.00???  jeeeeez!  where the fuk's paul volker when we need him?  oh, yeah.  prez milk dud kicked his heretical ass outa washington.

wait!  this just in from reuters (via the reuter rooter):  volker has been kidnapped!  those in charge of protecting the debasement of our currency have locked him in debasement of jpmorgue!  in blythe's new PM vault!  he is bound and gagged, and blythe has just decided against having the faux canadian mounties who guard her vault (she loves the uniforms and the smell of horse-shit in the morning) un-gag him so she could waterboard him by having "jeanpeeaire" hold his nose while she lifts her darling skirt and pisses in his mouth.  (she never wears panties on the final day of a contract).  so she just pisses on his shirt, instead.  can you believe he's wearing a jerry garcia tie?

oh, the humanity!

[think slewie has succomed to the news cycle bubble?] 

bong TFD!

Wed, 04/27/2011 - 14:06 | 1212537 A Lunatic
A Lunatic's picture

I have a debt's called a fucking paycheck.

Wed, 04/27/2011 - 14:13 | 1212589 Creed
Creed's picture

I have a debt's called a fucking paycheck.



wins the thread!

Wed, 04/27/2011 - 14:07 | 1212546 Forgiven
Forgiven's picture

So now if you believe in small government and accountability to the taxpayers you are equated to Al Quaeda terrorists?!!!  This guy needs to be dragged into the streets and beaten with a cane pole.

Wed, 04/27/2011 - 14:16 | 1212605 Gimp
Gimp's picture

New tactic to get everybody on board the ponzi scheme...

the name calling - your a racists crap ain't working anymore

new mantra...your a terrorist if you don't fall in line....

Is it 1933 in Munich or WTF?

Signed, an American and veteran (so I must be on the list)

Wed, 04/27/2011 - 14:09 | 1212547 element115
element115's picture

Hey you stupid fucking dried up WASP mother fucker, why don't you try treating us like 'Al Qaeda?' You want a fucking civil war, you piece of shit? Most of us are tired of having our way of life destroyed by some fucking out of touch dinosaur. Fuck you and your privileged way of life. Just a few dollars more, right Paul. Fuck you and every other banker who doesn't know when to quit.

A whirlwind is coming, and you will all reap it.

Wed, 04/27/2011 - 15:36 | 1213134 WallStreetClass...'s picture

Actually shooting up a few stoopid rednecks does sound like a fun idea, actually. As stupid as many of you are, I can only imagine your stupidity on a battlefield. Fkn clowns.

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