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Republicans "Call Obama's Bluff" Schedule Vote Next Week For Deficit Cap, Debt Ceiling Raise, Balanced Budget
Contrary to some expectations that the end of the week would see some resolution in the ongoing Washington soap opera, or at least provide some hope for a weekend meeting, things keep deteriorating after the adversarial language in DC keeps escalating, in what appears set to be an epic Nash Equilibrium showdown. To wit: even Jim DeMint just tweeted that Boehner has just called "Obama's Bluff" confirming that the prevalent of the charade is nothing more than a game of cards. From Bloomberg: "The U.S. House plans a vote next week on a measure that would raise the government’s debt limit by $2.4 trillion, cut spending, cap government expenditures and propose a balanced-budget constitutional amendment, Republican Representatives Sean Duffy and Billy Long said." Per Reuters, "House of Representatives Speaker John Boehner said on Friday that deficit reduction legislation due for a House vote next week is "a solid plan" for moving forward toward an increase in the U.S. debt limit. The legislation, favored by Tea Party-backed lawmakers, would cut and cap federal spending while calling for adoption of a balanced budget amendment. "We're far from the time for a last-ditch effort," Boehner told a news conference at which he criticized Democrats including President Barack Obama for producing no "real plan" with serious spending cuts." If nothing else, this indicates that the Cantor wing in DC continues to usurp power from Boehner, and while this is certainly nothing more than power politics at their best (or worst) the one direct impact of all of this is that the outcome of a US technical default, so dreaded by all, could be the reset switch that was so needed to be pushed after Lehman, yet was merely kicked perpetually into the future: a path that is guaranteed to have a catastrophic ending. Yes, the pain would be acute, but like Iceland, America will survive, and yes: the current status quo will be wiped out. But the country will have a literal and figurative "fresh start."
Then again, none of this will happen as DC will betray the interests of future generations of America and promptly remember that on a NPV basis, it is the very same status quo that pays the bills...
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The people of this country have twisted and Mr Salty'd themselves into FULL RETARD!
We're BANKRUPT! Get it?
Let those who made risky investments and over leveraged themselves fail. Let those who saved pickup the pieces and build a better and more responsible world.
Reset is disruptive and causes anger on a large scale. Human nature is to not change until conditions force change. Do you really think governments at the federal, state, county and city levels will ever downsize without disruptions and anger?
Do you wish to resign from your current job for the good of others?
correct. it is a virtual guarantee that this country implodes. you simply cant tell a country that gives MORE to its households than it receives that they are cut off from free food, shelter, education, medical care, etc. there is nothing down the road but implosion.
I hate that "house hold federal tax statistic." there a lot of people who "beat" the system, but the whole majority of people pay there fare share of the system. (me being one).
I think there is a "reset" that's fare for all everyone. The US wouldn't implode, maybe the system would, but not the people.
But that'll never happen, so... I honestly don't know where I was going with this post :-/
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board". New York Times
Oct 14, 1929
As long as the American people continue to allow themselves to be deluded by the false axiom of Republicans and Democrats being two separate and distinctive entities, those who wield the true power and utilize the ancient yet effective strategy of "divide et impera" will continue to reap the spoils of this war they are waging on the middle and poorer social classes. By creating divisions among the people and promoting discord, the modern aristocracy hinders the formation of cohesive affiliations which could confront and challenge their existing, self-serving structure.
Brilliantly said!
Tuco
I can see clearly now that this is definitely not the Johnny Nash Equilibrium.
Do, Da, Dippity....You can this or you can have that...
Yes T. D., well put as usual. I would rather take the hit now myself than pass it on to my offspring and their offspring. How selfish are these bastards!?
Tuco Benedicto Pacifico Juan Maria Ramirez
Only the Tea Party Reps realize that the parties are not in a Nash Equilibrium.
Why not allow a real vote...a referendum...let 'We The People" vote on it?
hey, why not? If DC doesn't like the results, they will just ask The Supreme Court to throw it out...It's happened before, verded?
Everyone is always asking what should we do..
Remember when the Government Confiscated Gold / Silver / Imminent Domain, anything they wanted from "We the People" to pass up to their Top 1% Lobby Friends?
Well then whats good for the Goose!
Why dont "We the People" Confiscate the Top 1%'s stuff! ALL of it! and there we go! the debt held against "We the People", "We the People" would then own.. the income needed to carry America back to a manufacturing power house, paid for and all the other shovel ready infrastructure maintenance and development paid for as well!
It is time "We the People" started treating the Top 1% like they treat "We the People".. dont ya think?
and if you dont like this idea.. and you would rather sit on your fat ass and ignore the issues in hopes that they will be printed away..
no worries! they will be around to confiscate your shit then..
it is you or them.. 99% verse the 1%.. and why do I know with how lazy and stupid that the 99% is that they will end up getting everything taken away from them so that the 1% can be even that much more wealthy!
ALL of you that would like to talk about it and give them a chance in order to enjoy your golden years.. you know the same people that let this shit happen..
You lazy, purposefully blind scumbags are going to get it.. one way or another! and there is justice in that!
when the Elected Lobby Whores cut something.. they cut???
Business Seen Vulnerable in Eventual U.S. Tax Revamp
07/12/2011 4:51:37 PM ET
WASHINGTON (Reuters)—Tax reform could spell the demise of corporate tax breaks such as the domestic production credit, but don't hold your breath waiting for it, says Scott Hodge, a 20-year veteran of the Washington tax wars. Comprehensive tax reform may not come until 2013 and when it does, the handful of corporate tax breaks to be curbed could include the credit which rewards companies for making things in the United States rather than abroad.
so once again! the Elected Lobby Whores are dismantling America one brick at a time.. just like for the last 40 fucking years!
"a path that is guaranteed to have a catastrophic ending. Yes, the pain would be acute, but like Iceland, America will survive, and yes: the current status quo will be wiped out. But the country will have a literal and figurative "fresh start." "
Obviously, he is short. Never seen a more stupid defense of ones position.
I do wish that we would default so we could have a reset and quit prolonging the agony, but I don't believe they'll do it. I think they will still kick the can further.
I’m with Obama. Let’s worry about making these Government programs efficient in 2013. For now, let’s just focus on getting more revenue in to the Government coffers. I propose that we, rich and poor alike, give our entire paychecks to the government so that can run all aspects of our lives. They can give us free housing, pay our cable bills, pay our electric bills, pay our phone bills, get someone to take care of our lawns, put air in our bicycle tires, wipe our rear ends after a bowel movement, etc etc. Obama has instilled confidence that they spend our tax dollars wisely has he not? Who can forget the outstanding job that Team Obama, Reid, Pelosi did when they had total control? We should completely trust them to run all aspects of our lives. Can we all agree that we shouldn't even have bank accounts? Just work and funnel our money to the government? Why is that such a crazy idea? If we give them all of our money I’m sure they’ll promise never to let us run a deficit ever again.
+1000 I'm tired of looking after myself too. I want my nanny state back!
'a path that is guaranteed to have a catastrophic ending. Yes, the pain would be acute, but like Iceland, America will survive, and yes: the current status quo will be wiped out. But the country will have a literal and figurative "fresh start."'
truly golden words...the most lucid and perceptive remarks i have read on the financial cancer consuming the nation...
'a path that is guaranteed to have a catastrophic ending. Yes, the pain would be acute, but like Iceland, America will survive, and yes: the current status quo will be wiped out. But the country will have a literal and figurative "fresh start."'
truly golden words...the most lucid and perceptive remarks i have read on the financial cancer consuming the nation...