Presenting The Complete Generic Fluff That Is The "Gang of Six Plan To Reduce Our Nation's Deficit"

Tyler Durden's picture

Well it's not a 3 page term sheet. It is a 5 page talking point bulletin full of ridiculous fluff with nothing substantial.

Here is the only immediately actionable prerogative which comes from, you guessed it, Chained CPI and Social Security:

Enacting a $500 billion down payment that would secure immediate deficit savings, while establishing a fast track process for the committees in Congress to specify further savings

  • Impose statutory discretionary spending caps through 2015.
  • Implement numerous budget process reforms.
  • Shift to the chained-CPI (a more accurate measure of inflation) government-wide starting in 2012, along with the following specifications for Social Security: (1) exempt SSI from the shift for five years, and then phase in the shift over the next five years; and (2) provide a minimum benefit equal to 125% of the poverty line for five years. (According to CBO, the shift to chained-CPI would result in the annual adjustment growing, on average, about 0.25 percentage points per year slower than the current CPI.)
  • Repeal the CLASS Act.
  • Enact concrete policy changes that lock-in additional savings, including freezing Congressional pay and selling unused federal property.
  • Require GAO and the Department of Labor to report to Congress on establishing a more effective unemployment insurance trigger.

Gangofsix Plan

h/t Crown Thomas

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SheepDog-One's picture

Sure dad I understand....but do you think mom will buy it? 

Good talk Rusty.

Rusty_Griswold's picture

I've only been a man a few days, dad.

PaperBugsBurn's picture

Police State, bitches!

Region - Regional actors sign agreement to strengthen airport security

At a meeting in Washington, DC on 11 July 2011, representatives from the United States, Mexico, and Central American countries signed an agreement to exchange information to strengthen airport security. U.S. Secretary of Homeland Security Janet Napolitano hosted representatives of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Mexico, and Panama to discuss the implementation of standard airport security procedures and information sharing to monitor the movement of wanted criminals throughout the region

OpenEyes's picture

Belize, Costa Rica, Panama... aren't these the current favorite locations to become an ex-pat?  Seems to me that the 'strengthening' isn't so much airport security as 'we'd like you to help us keep track of our taxpayers'.  After all, USA and North Korea are the only countries in the world that track down their citizens who have re-located to continue to collect taxes from them on any money they earn while living overseas.  Hooray USA!

The Alarmist's picture

That snapping sound is the rubber glove going on over the giant "We're Number One" finger that is about to ream you good ...


redpill's picture

The next one of these fucking Authoripublicrat assholes that utters the words "new revenue" when they mean raising taxes deserves a punch in the face.

jmc8888's picture

"How do you use a (statistical) magazine?"

"I was getting to that.  Ya see this (wall street statistical dogma) guy taught me something really neat (about the CPI) last year."

A more effective trigger for unemployment? Gee, less payouts and/or faster way to rid the people from the charts.  Higher confidence = Bigger dip....

Glass-Steagall not shard of glass up the middle class...


Doyle Hargraves's picture

"How do you use a (statistical) magazine?"- By loading it with (statistical) bullets and putting it in the magazine well. The best round (statistically) to use especially for long distances is a .308 and the preferred platform is the M-1 Garand. Open fire bitchez!

TBT or not TBT's picture

We already reached "Inversion" in 2008 when The One, a person of zero accomplishment and hidden academic qualifications on top of it, but two auto-biographies full of rage at the US and western civilisaton in general, nevertheless blathered his way to the top of the Democratic ticket then the worlds' largest organisaton...merely with weightless speechifying. What is happening now is just the continuation of that. Obama has proposed no plan of his own, and has not disciplined the Democrat controlled Congress to even produce a BUDGET in over two years....which the basic law of the land, that Constitution thingy, holds that they must do...and he's up there trying to act like the cool one, the adult, frickin King Solomon...except that cutting the baby in half is something he would gleefully do.

Buckaroo Banzai's picture

Oh I wouldn't say that Obama has accomplished nothing. There are two specific things he has done:

1) Ordered a sniper to shoot a pirate in the head
2) Ordered some SEALs to shoot some dude* in Afghanistan in the head

See a pattern?

*allegedly Osama bin Laden

Commander Cody's picture

Let's not forget that he won the Nobel Peace Prize.  That was an accomplishment.  Surprising though, given the facts.

XitSam's picture

He's credentialed, not competent.

TruthInSunshine's picture

I would like to add a bullet point:

  • Make America Everything That It Can Be & All That It Should Be, Because The American Middle Class, Senior Citizens, Children, Veterans & Puppies/Kittens Deserve Nothing But The Best.
camaro68ss's picture

let me add to that. U-S-A! U-S-A! U-S-A! U-S-A! U-S-A!

there thats better

hedgeless_horseman's picture
  • Implement a "debt ceiling" that legally prevents the government from spending too much.
sumosamurai's picture

Implement a debt ceiling that requires the immediate execution of any person

demanding the ceiling be breached.


Solves a lot of other problems too.


Jeff Lebowski's picture

replace "Make America Everything That It Can Be & All That It Should Be"


"Winning the future"

and I think you've got something...


Bay of Pigs's picture

Thousand Points of Light...

George H. W. Bush 1/20/89

cosmictrainwreck's picture

GHWB was a real visionary, weren't he? the douche

knukles's picture

Oh come on now, Georgie Boy had a redeeming quality.
If he fucked it up or expalined it wrong, he didn't bother to go back and fuck around with it a second time. 

The Alarmist's picture

"Winning the Future" ... WTF.

They really are so clever, and they really do think we are that stupid that we do not hear them laughing at us.



Iriestx's picture

You forgot 'Amen, God Bless America, Amen."

eureka's picture

Blah blah blah

So Close's picture

Ting ting ting....  sound of can as it rolls down the road after being kicked.

RobotTrader's picture

Wow, gold just tanked and bank stocks are taking off.

I guess a deal was reached.

And check out IBM, up $8 to lifetime highs.

cosmictrainwreck's picture

transitory... a swing trade, Mr. "Trader" PS...TLT +1.3%

Robot Traders Mom's picture

I'm not going to lie. I thought for sure by now you would have met some people in real life and found something better to do with your time then troll.


kito's picture

hes not trolling. hes your conscience.

Threeggg's picture

Chanting while clicking heals together:

There is no POMO

There is no POMO

There is no POMO

tarsubil's picture

I kept my worthless dollars in and was crossing my fingers for another buy opportunity for gold and silver. Soon I'll cash in and go full armageddon prep. God is giving a lot of people late to the game time to prepare. Better get on board soon.

mkkby's picture

Thanks again for telling us what happend yesterday.

Juice Box's picture

Why should we care?  Its not like this debt will ever get repaid.  

mmlevine's picture

They are talking about Billions like I talk about Twenties.

Manzilla's picture

Welcome to America. What did you expect? An actual solution?

JW n FL's picture


The Gang of 6 Raising the Retirement Age & Reducing Social Security Benefits / 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  And! who owns him  


Sen. Mary Landrieu[D(ick)-La.]

Gang of 6 Member Landrieu, Mary L (D-LA) $24 Million Dollar Lobby Whore And! who owns her



Sen. Ron Wyden[D(ick)-Ore.]

Gang of 6 Member Wyden, Ron (D-OR) $23 Million Dollar Lobby Whore And! who owns him 



Independent Dick Sen. Joe Lieberman, from Connectidick

Gang of 6 Member Lieberman, Joe (I-Conn) $49 Million Dollar Lobby Whore And! who owns him   


Sen. Olympia Snowe [R(eally big dick)-Me.]

Gang of 6 Member Snowe, Olympia J (R-ME) $10 Million Dollar Lobby Whore And! who owns her


Sen. Susan Collins [R(eally big dick)-Me.]

Gang of 6 Member Collins, Susan, M (R-ME) $14 Million Dollar Lobby Whore And! who owns her


Know Your Lobby Whore(s)!

Turd Ferguson's picture

Thanks, JW. Never forget that Nelson of Nebraska is the cheap whore who gave us Obamacare.

All of this is bullshit. It would never, ever pass the House. Of course, once the House grants themselves political cover by voting on their own worthless measure, they'd probably vote for anything.

At any rate, any plan crafted by these 6 douchebags and O'bottom is destined to be a complete failure.

JW n FL's picture

we need to stop trying to give Health Care to the Poor who can Not afford it and give the same Money in the form of Tax Breaks and Subsidies to Job Creators that would have been wasted on the Poor!


Give Job Creators Tax Cuts!

Give Job Creators Subsidies!


The Poor never had Health Care so they wont miss not having it now!


People Suck (especially the Poor) and Corporations Rule (Especially the kind with Huge Lobby's, T.V. Money and P.R. Money to come up with $logans like Help "Job Creators" with Corporate Welfare).


Note* All $logans are market tested and approved before being fielded! Thanks 5th Ave Advertising Agencies and "K" St. Lobbyists!

tarsubil's picture

Personally, I find your schizophrenia adorable.

slaughterer's picture

The big question: will the rating agencies accept it without downgrading?  I think the answer is NO!

cdskiller's picture

I nominate JW's post as the most useful post of the week in the blogosphere.

Archimedes's picture

The plan:

Cut the deficit by 500 billion  (how?)

Make Heathcare more efficient (how?)

Cut security and non security over ten years (how?)


I have been half joking ove the past few years but now I am actually scared. Our leaders have no F**king clue what they are doing or how to tackle this issue. My 6 month old could have wrote this tripe!

I already have a second freezer. Time to go and purchase that Beneli I have been looking at. Seriously....

scatterbrains's picture

root cellars, homebrew and guns bitches! oh and bicycles

XitSam's picture

Bicycles with frickin' lasers, man!

docj's picture

Well said - here's my somewhat shorter version...

The Bipartisan, Totally Awesome 3 Step Plan to Save America, Apple Pie and Government Motors

1) Make-up some pretty sounding numbers, pull them out of our respective backsides or pull them out of the air, and put them on paper

2) Uh?

3) WIN!