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Paul O'Neill: People Who Refuse To Raise The Debt Ceiling Are "Our Version Of Al-Qaeda Terrorists"
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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murderous fantasies, check
by WallStreetClass...on Wed, 04/27/2011 - 15:36
#1213134
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.
I happened to be in the gym watching this interview while on the eliptical machine. The more interesting thing O'Neill said was the tax code needs to be overhauled. He said $400+ billion in revenue is lost because of failed compliance due to confusion with the code, and another $400 Billion in administrative costs at the IRS. The former Treasury Secretary who was also the head of the IRS was calling for the disolution of the IRS and income tax for individuals and corporations! What he describe as the solution was http://www.fairtax.org
Yea, real interesting.
The only thing this guy can figure out is that 77,000 pages is a bit lofty for a tax code particularly when companies like GE don't pay taxes and neither does our Treasury Sec.
What a clusterfuck
So Paul O'Neill is correct then? GE pays no taxes, Exxon gets a multi-million dollar "rebate", while clowns with zero sense post on Zero Hedge. Makes perfect sense.
I will vote with Al Qaeda - no extension of the debt ceiling - let Wall St burn!
It would be far more fair and accurate to say that the people who have sunk us into this morass of debt, including Mr. O'Neill, are the terrorists! Every one of them should be in prison for life!
Emboldened by being "outed" and suffering no consequences, the merchants of debt slavery make their case overtly.
Beautifully stated, sir.
So even the Congress people are being labeled terrorist, besides every person in the U.S. that believes in the constitution!
Euro 1.4715 - USD 73.81 - Who is the F&cking Terrorist? - Paul O'Neill should be tried for treason -
The punishment of which used to be:
http://en.wikipedia.org/wiki/Hanged,_drawn_and_quartered
Needless to say there used to be a lot less treason.
There's a pub of that name (actually, it's the "Hung, Drawn and Quartered"), right outside the gateway to the Tower of London. Actually had some fish and chips there on my visit last year.
Got to hand it to the Brits; they have an absolutely wonderful, and wonderfully wicked, sense of humor.
Yeah, the schtick is that inside they have a noose hanging from an arm attached to the wall or ceiling ... can't remember which.
The HD&Q is directly across the street from the London offices of Marsh & McLennan, worth, which sit between it and the Tower for what that is worth.
There is much talk about raising (or not) the U.S. debt ceiling and ending Quantitative Easing Round 2 (QE2). We'll see if anything new comes out of FOMC. But honestly, I see all this as clumsy posturing. Americans and their leaders do not have the stomachs for living within their means, at least not yet. Obama and Congress are fooling around with $30B cuts, when the deficit is more like $1,400B. The world is awash with U.S. Treasury debt. The Chinese and others are pretty well saturated now. The Federal Reserve will have to continue printing to buy up most of the new bonds and bills issued by the Treasury. Raising the debt ceiling is also a priority for Wall Street - take a look at this. So QE3, in my opinion, is guaranteed. The U.S. will kick the can down the road yet again rather than face a default now.Taken from my blog .
Wouldn't it be fun ... just for a change, if the interviewer called out one of these bastards on their lies and false accusations?
...rather than sitting there like a (mentally challenged) deer in the headlights.
http://www.dailymotion.com/video/x236hb_rage-against-the-machine-sleep-n...
these people ... they are anti-family and pro-terrorist :-)
Cmon tea party!
Run the clock out so that obama has to sign whatever you put in front of him.
They are scared now.
In the kleptocracy, where the truth are lies and lies are the truth, being called 'terrorist' is high praise..
Allah Akbhar, my brother.
and to you, top...
Hey, that is what Lloyd Blank-dick-fein always says:
Notice not a single operson says what will happen, instead only boom!!!!
LOL, I mean for God's sake, bankers may get paid less and stock prices may drop!!!!
A voice beckons from the bowels of he beast! Duly noted
A voice beckons from the bowels of he beast! Duly noted
A voice beckons from the bowels of the beast! Duly noted
A voice beckons from the bowels of the beast! Duly noted
A voice beckons from the bowels of the beast! Duly noted
A voice beckons from the bowels of the beast! Duly noted
"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." Does this man even hear what he is saying? Doesn't he realize our credit becomes MORE at risk everytime (currently 100 times) we keep raising the debt ceiling. Of course the only thing the "tight skirt" interviewer can do is agree with him rather than critically think about what he is saying. So Mr. O'Neill, let's just keep on raising it until the system collapses and then you can come back on TV and explain to all of us dummies what happened!
no, let's default now and explain to all of you dummies what happened! You are a fkn genius!
WallStreetClass...
another paid psy op warrior in our midst
That ought to boost up the average IQ here, don't you think?
Hello, anybody home McFly? How about this novel idea: cut spending so we don't have to keep raising the debt ceiling? When you can't pay your bills, does the bank keep lending you more money and raise your debt ceiling? Now please get back to your busy govt job where critical thinking is not a requirement.
What are you stuck on "back to stupid"? Lol...How about this novel idea: you can't cut what Congress did not agree upon. Democracy and all that.
oh yeah? a default would effectively cut the government, even if people were stupid enough to still lend us money at higher rates.
As a Brit with only passing interest in your political pond life, I had to quickly remind myself that this man once held one of the great offices of state. I am used to the fatuous statements from our own very mediocre political class, but O'Neill has just set a new low.
It seems a gated retirement community somewhere is missing its resident simpleton.
So you better go back before they start looking for you
Uh, Mr.ONeill....................
"They're really putting our whole society at risk"
They have already done so, because of raising it.
Duh!
This guy and everyone in high positions of the administration, Treasury and FederalReserve are guilty of treason and crimes against humanity.
It is the scumbags who run up unlimited deficits and debts who are blatant criminals.
To listen to these perverts is disgusting. It is even worse than some jackass saying "the employees of my bank are terrorists if they refuse to loan me $25 million dollars on my $50,000 income and the employees of my credit-card issuer are terrorists if they refuse to increase the limit on my credit card to $5 million dollars".
At least this guy said one truth (though he meant the opposite of the truth) when he said "I do believe we have a broken political system that is capable of doing irresponsible things". Of course, he thinks it is irresponsible not to go into infinite debt and blow up the economy of your country. Which makes him guilty of treason.
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...and you think it is responsible to default. So which one of you is more stupid?
here's the options retard;
i. default on $14 Trillion of unrepayable debt
ii. default on $16 Trillion of unrepayable debt
bit of a no-brainer innit?
So you add $2T on top of the current $14T and think you are a genius? You are more retarded than you think...lol
Okay, smartass. YOU pay the debt.
The debt ain't ours! We don't even want a federal government to exist. It is nothing but a cover for a bunch of crazed predators... PERIOD.
We have ZERO relation to the debt. You can go right ahead and pay it, since obviously you support endless egregious crimes against humanity, which is all the "predators DBA government" do.
repudiate the boomer debt will be the battle cry of the millenials. Greece will lead the way.
who is asking you to pay anyone's debt, except your own? overly imaginative "millenial" I see? lol
I have no debt.
I have never taken a loan.
I have never taken a handout.
I have never wanted a handout.
I have never collected unemployment.
I refuse to ever collect SS, Medicare, Medicade.
I never accepted any government benefit or service.
I understand the federal government is a pure fiction.
Yet they've stolen big chunks of my wealth nonetheless, not to mention completely destroyed the economy and recognition of liberty.
So yeah, NONE of the debt is mine, and it never will be. Besides, the debt is denominated in fiat, fake, fraud, fiction, fantasy, fractional-reserve nothingness... which means the so-called debt is denominated in nothing.
Don't give me any crap about "paying for services rendered". I have received nothing but grief from those "predators DBA government". I have no contract with them, they have no ethical relationship to me, I have never "consented to be governed", and I did not sign any declaration of independence, constitution (federal, state, local, otherwise) or anything else with the predators who DBA "government".
Since you accept their bullshit lies (and their services), YOU owe the entire debt yourself. The debt is YOURS. We'll have no part of it. NONE.
you also apprently never had a rational thought in your head. add that to the list.
Just pay YOUR national debt and shut up.
Why the fuck is this my debt? I want a balanced budget. You want to destroy the currency by bailing out yours and your buddies' shit investments, go for it. I'll by PMs while I'm holding up a big finger in your direction.
But don't act like it's my debt.
Yes, it is. The entire world knows federal reserve notes are fiat, fake, fraud, fiction, fantasy and part of the inherently criminal practice of "fractional reserve banking". Everyone who has loaned money to the USSA has known they were dealing in a criminal operation, and financing a bunch of predators to carry out dishonest, unethical, criminal activities including treason, torture, war crimes, crimes against humanity, and endless other crap.
Of course, if you don't like honest default, then fine. Just perform these steps:
#1: have the federal reserve print up as many fiat pieces of garbage paper dollars to pay off all debts.
#2: shut down the federal reserve.
#3: government converts all the gold in fort knox and branches of the federal reserve (and elsewhere) into gold bullion coins denominated only in "grams", and distributes them to everyone in proportion to their savings (with a cap at $1M).
#4: henceforth all trade, exchange and "purchases" of goods is with real, physical gold (or other barter of goods for goods).
ok, ann. we're still on #1.
#3 may be a downer, as the gold may have been "leased" out for "suppression" of PM price. now, thru the wonders of corporate shilldom, the people who "owe" the gold are no longer able to counterparty like it's 1999, and the people who own the gold, now, are just richer than shit.
so, just be patient, ann, they are completely passed out on the digital "create wealth via debt" button, which is, really, all we can ask of these great leaders, k?
I try to be realistic, but these days realistic is somewhere between "skeptic" and "cynic". In the case of Fort Knox, I would be stunned if there was any significant quantity of physical gold there.
And whatever gold might exist in Fort Knox or federal reserve branch vaults is probably leased or rented out 100 if not 1000 times over.
But hey, #3 should be tried even if for no other reason than to find out what the predators-that-be have been doing the past 4 to 8 decades, and to compile a list of people to hang for treason.
So yeah, the actual benefit of #3 might be to take all the private property from all the predators who have stolen it over the past 8 decades and distribute that instead.
Dear Paul O Neil: Fuck you, you fucking asshole. Fuck. you.
Gold Jumped another High. The word "Terrorist" probably helped.
Everyone who doesn't do what I tell them is a terrorist. Everyone who doesn't believe everything I say without question is a terrorist. Anyone who complains is a terrorist. Anyone who walks around with no fear or respect for me is a terrorist. Anyone with an I.Q. above 80 is a potential terrorist. New USSA Constitution.
Above 80? You sound barely above 50, even AlQaeda would reject you. Lol
"Everyone who doesn't do what I tell them is a terrorist." Exactly....When will the public start understanding it is congress and the many different administrations that are the TRUE terrorists. The debt ceiling should not be even a debate....It should never, ever, ever be reached.
Does this mean we can send half the congress to Gitmo? Sweet!
When it comes to political discourse and debate this country gets an R for rhetoric designed to conjure up some kind of emotion from the less informed and weak minded.
How did any of you made it past the math question check?
Paul O'Neil is correct. Those who "don't get it" educate yourselves, instead of posting your childish hubris.
Debt ceiling must be raised, else US defaults on its debt obligations, PERIOD. You may disagree or agree with the concept of debt, or you may disagree with how much debt our nation carries, but it's a simple fact. If you are unable to comprehend this simple fact, wtf are you doing on ZH? No, really?
ok
you are a damn liar
Congress can simply SLASH SPENDING
but REFUSES to do the RIGHT THING
wall street, eh? figures
by WallStreetClass...on Wed, 04/27/2011 - 15:24
#1213047
How did any of you made it past the math question check?
Paul O'Neil is correct. Those who "don't get it" educate yourselves, instead of posting your childish hubris.
Debt ceiling must be raised, else US defaults on its debt obligations, PERIOD. You may disagree or agree with the concept of debt, or you may disagree with how much debt our nation carries, but it's a simple fact. If you are unable to comprehend this simple fact, wtf are you doing on ZH? No, really?
I want default because it will mean the end of big government
...and the dollar....and the economy...a lot of collateral damage for your "wish", no? Very terrorist-like if you ask me.
To add, what if I have different beliefs? Should I "stick a knife" in someone who beliefs differently?
why should you be allowed to steal money from our children by piling on debt?
me? I am not stealing any money, nor lending any money to you or your hypothetical children. Living in a civilized society is expensive, get used to it, or if you can't afford it (understandably due to your limited intellect), then go live in a cheap dirt sh!thole somewhere. There's Sudan and I hear they have a very limited government. Sounds like a match already?
Another big government authoritarian. These idiots love strawman arguments like society wouldn't be civilized without their big government. Marx would be proud.
Did you even read Marx? You are such an ignoramus, omg
hey moron...you already confessed to enjoying the thought of shooting some rednecks on this thread
so add hypocrisy to your low browed burden in life
it's pretty clear you're another in a long line of establishmentarian trolls that get paid by the post, not by the thought
by WallStreetClass...on Wed, 04/27/2011 - 17:08
#1213656
...and the dollar....and the economy...a lot of collateral damage for your "wish", no? Very terrorist-like if you ask me.
To add, what if I have different beliefs? Should I "stick a knife" in someone who beliefs differently?
me? shooting rednecks? you jest
Its "make" idiot. You obviously failed English and are probably a CNBS or Administration flunky.
Is that you Lies-man?
Lol...so beyond the trivial typo, any actual points on the topic? Anyone with IQ over 50 that is?
It is a matter of values.
Many of us believe in a limited government. This may be our best chance to stick a knife into the heart of big government and limit its fuel which is debt.
"Stick a knife"? Maybe blow up an airplane or ram one into a big government building? O'Neill was right. You already speak like Al Qaeda, you are just a little know nothing behind a computer somewhere...
what choice have we been given? Spend insanely or crash the government. Thanks Democrats for framing it in such a way. We may take you up on it.
I have no doubt, and judging by your sincerely deranged state of mind, believe you. We appear to be in a complete agreement. What I am saying is that you and people like you are in fact terrorists, and you are saying, yes we are, because "what choices do we have" (outside a ballot box)? So why are you arguing with what Paul O'Neill said? Why front and pretend to be offended? At least, man up and admit it, embrace this rebelious terrorist label. Walk the talk, so to speak? If you are not man enough to embrace it on this dbag site, what "stabbing" on the "big govimint" can you really inflict, girly terrorist man? Lol
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The house is free to pass a bill raising the debt limit. They can also decide not to pass a bill. Sounds like representative government to me. What are you complaining about? You were the one saying that the fed should just ignore the debt limit law if it didn't like it. You were the first to suggest violating the law. We have merely asked that the house of representatives refrain from passing a debt limit increase. We are the ones trying to work withint the system.
But the system will not default. In other words, you cannot make the system default. It's designed that way, and it's a good design.
The debt ceiling needs to stay where it is or BE LOWERED.
The budget needs to be cut.
America needs to take the pain of living within its means.
Trolls like you need to get permission from their mothers before being allowed free access to a computer.
It's so simple figuring these problems out.
by WallStreetClass...on Wed, 04/27/2011 - 18:48
#1213981
I have no doubt, and judging by your sincerely deranged state of mind, believe you. We appear to be in a complete agreement. What I am saying is that you and people like you are in fact terrorists, and you are saying, yes we are, because "what choices do we have" (outside a ballot box)? So why are you arguing with what Paul O'Neill said? Why front and pretend to be offended? At least, man up and admit it, embrace this rebelious terrorist label. Walk the talk, so to speak? If you are not man enough to embrace it on this dbag site, what "stabbing" on the "big govimint" can you really inflict, girly terrorist man? Lol
whew! very convincing. i feel stupider with each comment i read here.
what choice have we been given? Spend insanely or crash the government. Thanks Democrats for framing it in such a way. We may take you up on it.
If we default it ends the governments ability to borrow. I think that is a good thing. Big government gone.....poof!
Really? I mean, just how much do you know about finance? If we default, our rating gets trashed, and we will continue to borrow, albeit at much higher rates of interest. Additionally, the dollar will get decimated with more damage than QE1 + Bailouts combined. But seriously, go back to school or just read internet for your own benefit.
I know I don't like socialism.
I know I don't like what you boomers have done to the country.
If it costs too much to borrow then we can slowly kill off most of the federal government by death of a thousand cuts. We can turn into greece. I am ready for the fight because limited government is worth it.
Dude seriously, you have a mish mash in your head. Lookup what socialism is in the dictionary. Then proceed on pondering how a failed government is not the same as limited government. Then you are free to smack yourself upside the head. You are welcome.
a failed government with no money is the choice you give us, other than continue to insanely spend and put our children in debt for your selfish boomer ass.
Dang, get off the boomer thing, what are you stuck on stupid? I told you I am not a boomer. I wasn't even born in the US.
fine. no more boomer ass.
But still the democrats have framed it in such a way that we must continue to spend insanely or be called terrorists. They will not compromise. We got 300 million in cuts in the last budget battle? This is unfortunately the corner that we have been backed into, be called terrorists or go along with a government's insane spending plans. Ok I am a terrorist then.
So what taken you so long to finally admit it? Don't say it, scream it "I am a TERRORIST!" Be proud of your intentions, don't shy away. It's also about honesty. I mean, if I were dropped on my head when I was a child, and somehow grew up so disturbed and generationally challenged, at least I think I'd be honest. This is what surprised me about reading this thread. Not one openly embraced the honest truth. I know I would. Just sayin
One guy's terrorist is another guy's freedom fighter. Our children who can't even vote yet and have no say in how much debt you want to pile on them will thank us. allah akhbar if that is what you want to hear?
"on them"? you are personally shouldering the debt? exactly how, hero?
Sticks and stones Bitchez!!
all lunatics of ZH, unite!
We only continue to borrow if we spend more than we make. Dump the FED, default on dollar debt, make a real currency, and watch America shine.
Other choice is to print and print, watch the currency become worthless, and have mine and my kids lives spent paying off bank bailouts.
well you apparently do not know smack about how defaults work. not that I expected you to...
You live in a box. Defaults work however we want them to.
You think America needs the Fed to issue it credit? We can make our own currency based on something real (like metal), and issue credit to ourselves, you nimrod. What the fuck are you gonna do about it? What, the ECB won't like us? Who gives a fuck?
Yeah, it'll be painful, but not as painful as this slow torture incremental debt-slavery. Just in case I wasn't clear: Fuck you. Fuck your socializing losses, and sticking us with the bill. Fuck your privatizing profits from your fraudulent behavior, your dangerous derivative games...and fuck your elitist attitude. Fuck you saying I MUST pay for it.
lol...grow up
Those consequences are all GOOD things.
First, there is no "dollar". There is only a fiat, fake, fraud, fiction, fantasy, unconstitutional fractional-reserve-banking debt-note called a "federal reserve note". That is poison and must be eliminated. This is one way to do so.
Anybody who lends anything of value to the biggest defaulter in the history of the universe is so far beyond stupid, they almost deserve what they get.
We know how "the systems works". That system is what must end, and the end of the FRN, the FederalReserve, the FederalGovernment and all such fictitious predator-feeding criminality is long overdue.
Sigh, Fat-Ass Willy (WSC) is back again.. Your posts read like your original language is of Asian origin. Your skills in english do not extend to stringing together interesting insults, a bit child like.
Recruit a native speaker to insult us and you can do the economic part, you are obviously some manner of expert in something.
yeah our rating gets trashed. No one will lend us money. Then the rubber meets the road. Time to kill big government.
...and currency....and businesses...sounds a bit like AlQaeda, no? Thanks for helping prove the point.
You boomers have led us to this point where extreme action must be taken to limit government. This is a war between socialism and liberty/limited government. There will be collateral damage
Dude, I am in my early 30s. "You boomers"? Lol I think your brain had already fallen victim to this "collateral damage".
Ok if you are in your early thirties you will have time to recover. The bad stuff will only last about ten years, but if we are not given a choice by the Obamabots other than continue to spend insanely or crash the government then you shouldn't dare us to do it.
Some choice you give us. Spend insanely or be called a terrorist.
I think your best choice is to see a doctor.
Hellooo.. Hey.,... Escumee,...,. Sir, The terrorist are the people who want to destroy America. Sir.
Exactly. Kind of like the ones who want America to default on its debt at the time of financial crisis. No, wait....
Those accepting $787 Billion in bonuses at the expense of the US treasury, and preventing all fucking problems fixed are the terrorists.
They will be easy to recognize as they are soon to be drug through the streets, faggot Oneill included.
No regrets.
can somebody explain to me how all commodities are on the rise : WS, gold, silver, oil. Only USd gets whopped...where is the asset arbitrage? There is too much liquidity out there chasing too few assets!
BTW : the liquidity being mega leveraged...it means it is generated by China's savings!! TY china! Plutocrats you are so deep in kissing chinese ass its unbelievable...All the while the State of DC pay the note of this pump and sell...
O'Neill is thus a pimp for the pumpers-dumpers!
people are assuming the treasury of the U.S. is going to REFRAIN from going past the debt cieling without congressional aproval. this is nonsense. the treasury will simply ignore the law.
MARK MY WORDS!
...as they should.
Now you are telling us if you don't like the law you should ignore it.
as if you are so concerned about following it, you are contacting your senator! lol
Actually, by refusing to do so, we would be putting our Al-Qaeda Osama BinBernanke to death.
wow terrorists?
Son, if you don't eat your peas........
Don't you mean, "shut up and eat your poison"?
That pretty much sums up how big of stupid fucking kloptocrat morons these guys are.
After several generations of only failing upwards...
You get a lot of idiot Rubins at the top...
The people who really terrorize me are the politicians who insist on running up huge debts that the country will never be able to repay.
Ceaser probably thought anything less than a 13 course Roman banquet was 'serious dieting'. Paul O'Neil thinks not extending a debt limit to continue the suicide socialist mission is "terrorism"
Cleopatra probably thought any less than 2 asses milk baths a day was slumming it. Timothy Geithner thinks not pushing for higher debt would be a tragedy "for Americas worldwide status"
America your leaders are not only total retards but self-certified totally delusional. Prepare for Rome to burn, you'll have to sort yourselves out on this one because Washington is so far off with the fuking fairies they're not worth saving!
Never has capitalisms Grim Reeper been so neccessary and so welcome
Judo is the art of using your opponent's weight and momentum against him. Opponents of raising the debt ceiling should introduce legislation to eliminate it entirely, which would have the salutary effect of notifying investors that there really is no place that the Congress intends to stop.
Al-Qaida = destroy US
PWWMD = destroy US
Therefore, Al-Qaida = PWWMD (People Who Want More Debt)
QED Paul O'Neill has it back-assward.
Paul O'Neill:
You mean People Who Refuse to Raise the Debt Ceilling Are:
The CIA?
So it is irresponsible to take owner ship of our spending. And it is the responsible thing to do for the government to borrow money so that it can pay the interest on its debt. Borrow money to pay interest?
Really this country is done for.
Default now!
End big government permanently with one simple action!
If we default on our debt then the government can't borrow. If the government can't borrow it must live within its means. Our children will be free instead of debt slaves. Please default!
"I do believe we have been broken political system that is capable of doing irresponsible things. This whole conversation is irresponsible." - Paul O'Neill
What Paul really is trying to say is, like monetary policy, any discussion of fiscal action by the congress (beyond the farce that is Humphrey-Hawkins) that my impinge upon the ability of the executive to raise the debt limit, irrespective of the will of the congress is treasonous, seditious behavior that equates to terrorism.
In this Paul O'Neill is himself a treasonous, seditious, anti-constitutional terroristic piece of shit and should be looking forward to his very own room at the ADX that he has so richly earned.
well said
I hope Paul O'Neill will learn to pronounce the letter S before he ends his term. I guess not since he didn,t learn anything new in regards to economics since finishing high school.
I can't stand to hear him talk. He has a denture problem.
End what term? WTF are you talking about?
The guy had Geithner's job as Treasury Secretary under Bush (Before Snow & Paulson), then got fired in 2002.
But to your point about his speech - yes - he talks like he's got a big bag of dicks in his mouth! He's always talked like a faggot and it has nothing to do with Dentures.
Oh, and he was the CEO of Alcoa and cashed out hundreds of millions!
Good point! He does sound like Barney Frank somewhat but I don't believe for the same reason:)
--Tuco Benedicto Pacific Juan Maria Ramirez
Dang Gold Let me fight my own battles will you?
Does anyone see the unfairness in raising taxes on working people (mostly the under 55 crowd), and then promising no benefit cuts to anyone over 55?
We under 55 will pay more taxes for those god damn selfish baby boomers, and then they plan to make sure to limit benefits to us, once of course they get everything they wanted.
Fuck all of you god damn boomers.
Hey, I'm a boomer, and I agree 100% with that.
ok then I won't fuck you then.
unless you want it?
or you don't eat your peas...
lol
Always be suspicious of anyone saying something like that - they only want to ramrod their agenda through, and have to resort to this kind of crap. Un-f'ng believable.
if you aint neo-liberal your a terrorist... that includes asians, cockasians, monkeys, and peple with cash or guns... its like, the US has values and if we dont stick to those values (of no real values) the terrorists will win
.
you dont understand how much they hate our freedom... all 14 trillion of it
Hey Tyler
YOu need more server power.
The Wal Streeters are getting scared of the zero hedge crowd and they are now coming here to debate us!
What was it Ghandi said?
First they ignore you, then they laugh at you, then they fight you, and then you win?
Something like that. Looks like they have passed the ignoring and laughing stage. Zero hedge is becoming a real threat.
Funny. I asked Chase to lift my credit limit about 9 months ago. They said "No."
So, Mr. O'Neill, what does that make THEM?!?!?!?!?!?!?!?!?!?!?!?!?!?
Elitists will NEVER understand, nor CARE, what we real people endure out here...............
Notice the point in the interview where O'Neil says that "it's not about just paying interest on our debt, but it's about paying all the bills that we've already incurred". He is not at all challenged on this statement.
Now think about what is actually happening. April 15th was a week ago and the government has a TON of cash. There is no fricken way that without more debt it cannot pay the bills that are presently outstanding. By September that may be different, but by September we shouldn't be incurring any more bills. Instead, we can bring the troops home from Germany, Korea, Iraq and Afghanistan. We can stop paying for second by-passes for Medicare patients. We can stop subsidizing Big Oil and Big Ag. All it takes is political will. And the only thing that will give our politicians the will is to show them the way.
I think most REAL Terrorists have "Lisps"
Yes, I agree with Paul. This is financial terrorism. Just like when Paulson and gang threatened Martial Law if the TARP funds were not approved. Bottom line is the addict needs more opium and thank God our troops are nurturing those replenished poppy seeds in Afghanistan so there is plenty still available to keep this economy alive for a little while longer!
--Tuco Benedicto Pacifico Juan Maria Ramirez
Yes, I agree with Paul. This is financial terrorism. Just like when Paulson and gang threatened Martial Law if the TARP funds were not approved. Bottom line is the addict needs more opium and thank God our troops are nurturing those replenished poppy seeds in Afghanistan so there is plenty still available to keep this economy alive for a little while longer!
--Tuco Benedicto Pacifico Juan Maria Ramirez
Apocalypse now, bitchez!
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