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

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Tue, 07/19/2011 - 14:26 | 1471201 EscapeKey
EscapeKey's picture

What are you on about? They are exceedingly efficient at releasing press releases, which moves the markets in the short term - thereby fixing the problem, once and for all.

Tue, 07/19/2011 - 15:14 | 1471435 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Saiga12s and 00 buckshot, bitchez!

Tue, 07/19/2011 - 15:15 | 1471438 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Saiga12s and 00 buckshot, bitchez!

Tue, 07/19/2011 - 15:16 | 1471442 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Saiga12s and 00 buckshot, bitchez!

Tue, 07/19/2011 - 16:40 | 1471767 RockyRacoon
RockyRacoon's picture

I recommend 3" buck-and-ball with that Saiga 12.  Mine loves the heavy stuff.

Tue, 07/19/2011 - 15:20 | 1471446 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Saiga12s and 8balls of coke, bitchez!

*Not a multi-post error.  I'm just that excited!*

Wed, 07/20/2011 - 03:59 | 1473036 Smiley
Smiley's picture

Snortin coke off a hooker's ass bitchez!

Tue, 07/19/2011 - 13:42 | 1470993 DonnieD
DonnieD's picture

They are going to eliminate the AMT which brings in 1.7T and that will save 1.5T. Somebody help me here.

Tue, 07/19/2011 - 13:51 | 1471028 Jack Kreuz
Jack Kreuz's picture

Either way, it will be over the next one thousand years. haha.

Tue, 07/19/2011 - 13:44 | 1471001 ServingMyKing
ServingMyKing's picture

No thanks, cold turkey is the only way to beat our spending addiction.   Continuing forward with anything that remotely resembles current federal spending is unbalanced.

Tue, 07/19/2011 - 13:45 | 1471002 Turd Ferguson
Turd Ferguson's picture

I think this headline is more significant:

07-19 13:27: Iran says installing new nuclear centrifuges - NY Times

Tue, 07/19/2011 - 13:58 | 1471078 JW n FL
JW n FL's picture

The Corporate Jew Owned News Paper is pumping how dangerous Iran is???

 

noooooooooooooooo!!!!!!! cant be??????

Tue, 07/19/2011 - 14:22 | 1471184 cdskiller
cdskiller's picture

I nominate this post by JW as the most UNnecessary post of the week in the blogosphere.

Tue, 07/19/2011 - 15:49 | 1471587 Pool Shark
Pool Shark's picture

 

Which has less significance, an unnecessary post or a commentary on an unnecessary post?  ;-)

(...or a reposte to a commentary on an unnecessary post?...)

 

 

Tue, 07/19/2011 - 17:10 | 1471897 ViewfromUnderth...
ViewfromUndertheBridge's picture

I think that is why Robert Baer is predicting Israeli attack by Sep.

Tue, 07/19/2011 - 13:51 | 1471003 Construct
Construct's picture

.

Tue, 07/19/2011 - 13:46 | 1471007 Archimedes
Archimedes's picture

The algos seemed to like it!

 

Tue, 07/19/2011 - 13:50 | 1471022 TradingJoe
TradingJoe's picture

Yes they do! Volume nowhere to be found:)))!

Tue, 07/19/2011 - 13:59 | 1471084 cougar_w
cougar_w's picture

The defeat of Debtron makes the world safe for Queezlon.

QE3 is on the way.

Tue, 07/19/2011 - 13:47 | 1471010 Superslam
Superslam's picture

THIS is the reason gold is selling off? You've got to be joking.

Tue, 07/19/2011 - 13:49 | 1471015 Bastiat
Bastiat's picture

Like all bullshit, this too will pass.

Tue, 07/19/2011 - 13:49 | 1471020 cosmictrainwreck
cosmictrainwreck's picture

yes....the worls is safe again! (whew...that was a close one) /sarc

Tue, 07/19/2011 - 13:50 | 1471023 Turd Ferguson
Turd Ferguson's picture

Gold is selling off because the Forces of Darkness were unable to raid it during Comex hours. Copper, crude, grains too strong to be overcome. Instead, the assholes wait until after the Comex closes and everyone goes home. Then they raid. Pussy shit.

Tue, 07/19/2011 - 13:52 | 1471034 TradingJoe
TradingJoe's picture

Short term overbought Turd, this won't last long as we not know! :)))

Tue, 07/19/2011 - 13:57 | 1471070 Bastiat
Bastiat's picture

Yep, 1600 and 40 held all day and into the close. This is all about what Sinclair calls MOPE (management of perception economics).   Now the word will be stocks up strong and gold down on the great budget/debt ceiling compromise.    Ass-clown festival (for a day or two, if that).

Tue, 07/19/2011 - 14:18 | 1471145 Bay of Pigs
Bay of Pigs's picture

Some of the shit going on at the COMEX is just outrageous.

And yet the Chinese gov't, by allowing their citizens to freely buy gold and silver now in banks, looks far better than what is happening with these fucktards running the Clown Show in Wash DC. 

 

Tue, 07/19/2011 - 14:49 | 1471336 Turd Ferguson
Turd Ferguson's picture

I hear ya, Bay. What a completely upside-down world we live in.

The only ones we look to trust now are the ChiComs! It's like living in a parallel universe.

Tue, 07/19/2011 - 15:38 | 1471545 cossack55
cossack55's picture

But Turd, you're old enough to know that you can almost always trust a commie. I mean they are honest about who and what they are. That's why the whole cold war thing was so successful for so long.  I trust a good old commie over everyone, except about 8, of those useless pieces of shit in DC.

Tue, 07/19/2011 - 13:58 | 1471075 scatterbrains
scatterbrains's picture

is it possible that chained cpi will allow fuel prices to double and tripple and thus crush pm's... mix in some higher lending rates ?

Tue, 07/19/2011 - 13:49 | 1471016 TradingJoe
TradingJoe's picture

...And the algos go ape:)))

Tue, 07/19/2011 - 13:51 | 1471031 RobotTrader
RobotTrader's picture

As I predicted, money now fleeing gold and piling into beaten down bank stocks.

Tue, 07/19/2011 - 13:56 | 1471061 equity_momo
equity_momo's picture

You couldnt predict yesterdays weather , muppet.

Tue, 07/19/2011 - 14:13 | 1471142 cosmictrainwreck
cosmictrainwreck's picture

no, but he can give you yesterday's charts... the best rear-view mirror, 20/20 hindsight commentator i've ever run across

Tue, 07/19/2011 - 15:20 | 1471462 francis_sawyer
francis_sawyer's picture

he'll gladly tell you what happened in stocks yesterday for a hamburger on Wednesday...

That said, I can't argue with the BKX bounce around here... Broken clock syndrome & all...

So if you're a dickhead trading fiat for equity... You're king of your castle of cards for a day or 3...

Tue, 07/19/2011 - 14:11 | 1471137 kito
kito's picture

where im sitting, bac and gs still quite in the red. 

Tue, 07/19/2011 - 13:53 | 1471043 Neezer
Neezer's picture

Stocks went vertical on this drivel? Seriously?

Imagine if Obama announced a new IPhone 6?

Tue, 07/19/2011 - 13:56 | 1471065 cougar_w
cougar_w's picture

Really?!!? When does he announce the iPhone 6?? Gawd I wish I had a Obama-endorse iPhone 6 paid for with leverage. And a pony. One of those too.

Tue, 07/19/2011 - 16:21 | 1471691 John Rotten
John Rotten's picture

Obviously you don't get his Twitter feeds.

Tue, 07/19/2011 - 13:54 | 1471047 Johnny Lawrence
Johnny Lawrence's picture

So basically, the only thing they're doing is changing the CPI?  No spending cuts in any other areas?

Tue, 07/19/2011 - 14:08 | 1471120 r101958
r101958's picture

Smoke and mirrors. Visit shadowstats.com for a more complete view. Has been going on for years now.

Tue, 07/19/2011 - 13:55 | 1471053 cougar_w
cougar_w's picture

They left one off:

  • Make illegal all negative numbers. Oh and the number zero except when it supports democracy and freedom.

Tue, 07/19/2011 - 15:24 | 1471479 francis_sawyer
francis_sawyer's picture

Make illegal all negative numbers. Oh and the number zero except when it supports democracy and freedom...

What? & shut down Zero Hedge in the process? How would anyone ever pass any math questions?

Tue, 07/19/2011 - 15:24 | 1471482 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

After 14 weeks of back and forth a compromise was reached where e will be legally changed to 2.5 to prevent debt from compounding as fast.  Thank god because if Obama had his way it would be 2.0 and Mitch Daniels only wanted it truncated to 2.7.  Democracy works!

 

Tue, 07/19/2011 - 14:09 | 1471066 Bob
Bob's picture

(2) provide aminimum benefit equal to 125% of the poverty line for five years.

What's this?  According to HHS, the federal income limit for "povery" is $10,890 for a household of one:

http://aspe.hhs.gov/poverty/11poverty.shtml

Of couse, 125% would be $13,612. per year. 

I don't know the annual benefit distribution for SS recipients, but something tells me it is weighted very heavily in the "under $13,612." category.

This will represent a "raise" for a hell of a lot of people, me thinks.  They better party hearty for those five years . . . they'll be dropping like flies after that. 

Wonder what AARP will have to say. 

 

Tue, 07/19/2011 - 13:59 | 1471068 poor fella
poor fella's picture

This was probably sitting in a file cabinet at the Fed gathering dust - and after the wireless marionettes officially break it out - they'll be on vacation. Well done, back-slapping all around. (throw in a couple "Heil Geithner"'s)

Tue, 07/19/2011 - 13:58 | 1471074 glenlloyd
glenlloyd's picture

I didn't expect to see anything substantive, it's just more of the same.

Tue, 07/19/2011 - 14:33 | 1471241 NotApplicable
NotApplicable's picture

Are you kidding? Why it's both comprehensive and balanced!

Do you have any idea what that means?

Tue, 07/19/2011 - 13:59 | 1471080 ThirdCoastSurfer
ThirdCoastSurfer's picture

Reduce but not eliminate "Tax Expenditures" like the mortgage deduction and, sadly, health care expenses!?! I didn't know that deducting health expenses over 2.5% of AGI was creating such a drain while Obama Care is on the horizon and a HCSA will still be Ok.

On the other hand I'm all for the $30b cut of Homeland Security but I'll believe all of it when I see it.  This whole thing reads like we're kicking a hornets nest down the road.  

Tue, 07/19/2011 - 13:59 | 1471085 DavidC
DavidC's picture

Meanwhile the Debt and default tsunami works its merry way from Europe.

Raising the debt ceiling? Solutions? Hmm, NFPs on Friday at 18k, Fukushima still there, Europe problems still there. And the TWADDLE is supposed to solve the US's problems?

DavidC

Tue, 07/19/2011 - 14:05 | 1471101 poor fella
poor fella's picture

All bullish!  =D

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