• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Senate Republican Leader McConnell Folds On The Debt Ceiling

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 07/12/2011 - 16:30 | 1449296 Sudden Debt
Sudden Debt's picture

Like they where ever going to cut spending :)


Tue, 07/12/2011 - 16:35 | 1449318 treemagnet
treemagnet's picture

Haven't you heard, this is the new plan to solve America's obesity problem - just make food reeeeaaaaallllly expensive.

Tue, 07/12/2011 - 16:39 | 1449335 Dr. Richard Head
Dr. Richard Head's picture

Actually, if we take a page out of the government playbook Federal Government should be encouraging obese people to eat more. If we fight debt with debt, then the same  rational would make sense for fighting obesity.  Fight fat with more fat.  Mmmmmmmmmmm.

Tue, 07/12/2011 - 17:14 | 1449512 magis00
magis00's picture

THAT'S why McDonald's hired so many patty-flippers - - imagine how lengthy the lines would get with ONLY obese people in them, brandishing SNAP cards for BigMacs galore.  Got to move 'em in & move 'em out quick! Not so spacious, the "dining" areas at the MacDo...

Tue, 07/12/2011 - 17:57 | 1449639 Cheesy Bastard
Cheesy Bastard's picture

Any Repub who votes for this will have to eat his P's.  P is for primary challenge.

Tue, 07/12/2011 - 18:31 | 1449740 Dolar in a vortex
Dolar in a vortex's picture

Why do you think they call it the Stupid Party?

Tue, 07/12/2011 - 18:36 | 1449753 Cheesy Bastard
Cheesy Bastard's picture

Stupid, party of one.  Your table is ready.

Tue, 07/12/2011 - 19:05 | 1449812 Careless Whisper
Careless Whisper's picture

as usual, drinkingwithbob nails it





Tue, 07/12/2011 - 21:21 | 1450130 narapoiddyslexia
narapoiddyslexia's picture

The debt limit brouhaha is a side-show. The debt limit is about past spending decisions, not the future creation of, or payment of, debt. Debating the debt limit is a way for politicians to look like they're doing something without the risk of actually doing it. Getting involved in it, or even thinking about it, serves the interests of the pols. Fuck the pols. Buy physical pm and ditch fiat wherever you can. Exchange. Barter for equivalent values. Screw the government.

Sun, 07/24/2011 - 17:50 | 1488609 AldousHuxley
AldousHuxley's picture

PMs have higher taxes as "collectables" and bartering is taxable transaction by IRS.


Government cannot be screwed. But you can leave it for a better one or just go ape shit and starting doing what that norweigian did to get some attention.

Tue, 07/12/2011 - 16:39 | 1449345 max2205
max2205's picture

What a fucking cock sucker this guy is

Tue, 07/12/2011 - 16:42 | 1449357 Dr. Richard Head
Dr. Richard Head's picture

Cock suckers at least provide a valuable resource to the world, while this guy simple takes resources.  I'll take a good cock sucking over the ass raping I have had from this guy, and the other guys, any day. 

Tue, 07/12/2011 - 16:56 | 1449426 Zero Govt
Zero Govt's picture

they've sorted out how to spend it: check

they've sorted out raising the debt ceiling: check

now here comes the non-existent part of this 'plan'...

who is going to buy this toxic debt: Oopps!

has Benny got enough beans: Ummm!!

who the fuck are they expecting to pay this mountain of crap back: Oh Shit!!!

The most indebted and stretched consumers and businesses in the world backed by property assets in meltdown Part.II and a public sector about to meet their maker on their debt forced to add Govt workers (cough!) to the food stamps chart already in near vertical ascent??? 

Tue, 07/12/2011 - 19:13 | 1449825 whstlblwr
whstlblwr's picture

Mountain of crap. Now looting starts, use Grand Canyon for uranium mine. This is where GOP always go to, why is pillage part of platform?


Tue, 07/12/2011 - 16:58 | 1449443 LudwigVon
LudwigVon's picture

Perhaps you should stay in and read a book?

Tue, 07/12/2011 - 21:10 | 1450102 Chuck Walla
Chuck Walla's picture


Tue, 07/12/2011 - 16:53 | 1449421 Translational Lift
Translational Lift's picture

Take the fucker out and hang him from the nearest lamp post!!

Tue, 07/12/2011 - 16:59 | 1449452 Zero Govt
Zero Govt's picture

it takes 500 senators, Congressmen and 1 President to tango ...

...got plenty of roap?

Tue, 07/12/2011 - 17:17 | 1449521 Long-John-Silver
Long-John-Silver's picture

This is the reason the French invented the Guillotine.

It's fast and efficient as can be seen here.


Tue, 07/12/2011 - 17:53 | 1449627 Zero Govt
Zero Govt's picture

it's right at that (French) inflection point, fattened pigs still stuffing their snouts, country up against the wall... somethings gotta 'snap' soon

Tue, 07/12/2011 - 18:07 | 1449667 Piranhanoia
Piranhanoia's picture

but zie barber is so messy. If you hang them, the flies will swarm around them and remind their friends.

Tue, 07/12/2011 - 23:54 | 1450469 FlyPaper
FlyPaper's picture

Perhaps this sentiment could be directed to individuals higher up the political pecking order?

Tue, 07/12/2011 - 18:08 | 1449673 Fukushima Sam
Fukushima Sam's picture

It won't work, they'll just eat cellulose and corn syrup shaped like something edible.

Tue, 07/12/2011 - 16:40 | 1449347 eureka
eureka's picture

Exactly! And as if US sheeple would ever notice increasing national debt - hahahahahaha hahahahahaha hahahahaha hahahahaha - they sheeple will lie headless on the gutters yapping WTF WTF WTF JUST HAPPENED.

Tue, 07/12/2011 - 17:23 | 1449518 cossack55
cossack55's picture

Still my favorite clip of all time: Bankers explained in 0:57



Tue, 07/12/2011 - 19:28 | 1449857 Uncle Remus
Uncle Remus's picture


McConnell, you pathetic fucking wanker.

Tue, 07/12/2011 - 21:24 | 1450137 Mad Marv
Mad Marv's picture

I always liked this one: 


Sun, 07/24/2011 - 17:57 | 1488636 AldousHuxley
AldousHuxley's picture

School House Rocks - Tyrannosaurus Debt (from SchoolHouse Rock makers of How a Bill becomes a law)




Pirates and Emperors (from SchoolHouse Rock makers of How a Bill becomes a law)


Tue, 07/12/2011 - 16:40 | 1449348 jus_lite_reading
jus_lite_reading's picture






Tue, 07/12/2011 - 16:43 | 1449373 cossack55
cossack55's picture

Would have been even better news if they had thrown the Monsanto scum into the Ganges.

Tue, 07/12/2011 - 17:13 | 1449510 Bastiat
Bastiat's picture

Hey, the Ganges is sacred!

Tue, 07/12/2011 - 18:29 | 1449733 cossack55
cossack55's picture

Oops. Sorry. Just hang em.

Tue, 07/12/2011 - 18:31 | 1449739 francis_sawyer
francis_sawyer's picture

Yeah... That's why they all jump in there to wash their dicks off in it...

Wed, 07/13/2011 - 00:01 | 1450478 Rossalgondamer
Rossalgondamer's picture

Yours isn't?

Tue, 07/12/2011 - 16:46 | 1449389 eureka
eureka's picture

If US Teaparty citizens were worth half an oz of revolutionary spirit they would blow up all MonSatan offices and hang all MonSatan execs.

Tue, 07/12/2011 - 17:05 | 1449477 1100-TACTICAL-12
1100-TACTICAL-12's picture

Do you know MONSANTO ? This is a very known and most disputed company which emerged as one of the greatest pushers of genetically manipulated food. This company persues also a lot of other weird stuff.
Just calculate the name MONSANTO with help of the 6-system shown above.
Yes you got it, MONSANTO = 666.
And we will do something else with this name, a method which we will later use again.
We look at the meaning of the name (you should know that these people never do something accidentally).
You know what MONSANTO means, it means "my saint". (They often use latin or latin derived expressions to get to this number 666.) Why "my saint" ? Who is their saint ? I know who it is and you should also know by now.


Sun, 07/24/2011 - 18:18 | 1488743 AldousHuxley
AldousHuxley's picture

US gave indians IT jobs.

Indians must now give up agriculture to US corporate agriculture machine like Monsanto and Cargill.


Indian farmers are screwed. They will need to import ingredients for curry.

Tue, 07/12/2011 - 16:43 | 1449371 macholatte
macholatte's picture

In my view the president has presented us with three choices," said Senate Minority Leader Mitch McConnell, R-Ky., referring to efforts to raise the $14.3 trillion debt ceiling. "Smoke and mirrors, tax hikes, or default."

"Republicans choose none of the above," McConnell said. "I had hoped to do good; but I refuse to do harm."


McConnell, Boehner blast Obama over debt talks



Tue, 07/12/2011 - 18:22 | 1449721 waylon153
waylon153's picture

The only thing I'm hearing is Gomer Pyle, "Sur-Prize, sur-prize, sur-prize!!!!"

Seriously folks, why stand in front of the avalanche?  Accept it and embrace it, and profit from it when the REAL redistribution comes at the end of The Great Ponzi Age.

Tue, 07/12/2011 - 18:57 | 1449798 masterinchancery
masterinchancery's picture

McConnell can play with himself all he wants.  There are not enough votes to pass his delusion.

Tue, 07/12/2011 - 22:13 | 1450277 Mr Kurtz
Mr Kurtz's picture

...or usher in any tax reform. The "repukes" caved to their donors.

Tue, 07/12/2011 - 16:31 | 1449300 rumblefish
rumblefish's picture

and so they fold...


Tue, 07/12/2011 - 17:30 | 1449353 hedgeless_horseman
hedgeless_horseman's picture

Of course the senate folds.  Why?  Because a nation cannot vote or donate, but a trust-funder can vote and donate.  One country's debt is many a trust-funders' principal. We must keep growing that debt principal!

In 2008, the average net worth across the Senate was $13,989,022.98.

Apart from interest payments, it is not important what the new debt is spent on (NASA, Medicare, Wars, etc.).  It is only necessary that the debt/principal continues to grow, and thus does its associated income stream, which is required by the masters. 

Who are these masters?  Those that do not produce anything, but exist solely off the effforts of the slave class. For them, the nation's debt is their wealth in a literal and real sense.  Just ask Congressman Pete Stark...


Debt slavery will always be the winning hand, at least as long as we give the banks free rein, allow them to self-regulate, and to legally bribe our elected representatives under the guise of campaign contributions. 

Tue, 07/12/2011 - 17:35 | 1449578 CompassionateFascist
CompassionateFascist's picture

Campaign contributions? The mechanism of control is even more direct: the Pelosi's, Boner's, McConnell's and all the rest are heavily and personally invested in the debt Ponzi and all its attendant speculations. They'll keep it going to the bitter end. Only then will we have our vengeance.

Tue, 07/12/2011 - 17:38 | 1449588 Goldilocks
Goldilocks's picture

Hmmm. Perhaps certain trustees need to step aside.

YouTube - Change is on the Horizon Part 1 of 3 Dawn of the Golden Age

YouTube - Change is on the Horizon Part 2 of 3 The American Federal Empire

YouTube - Change is on the Horizon Part 3 of 3 The Farmer Claims Program

Tue, 07/12/2011 - 22:22 | 1450301 Mr Kurtz
Mr Kurtz's picture

That's a big +10 and spot on hedgeless_ horseman.

Tue, 07/12/2011 - 16:31 | 1449303 Sudden Debt
Sudden Debt's picture

Debt ceiling hike IS NOT THE SAME as QE3

So markets will go up tomorrow, the penny will drop, and markets will go down again.



Tue, 07/12/2011 - 16:36 | 1449323 Dr. Richard Head
Dr. Richard Head's picture

So debt ceiling increase means more public spending, on top of Federal Reserve asset purchases resulting in more public spending in order to offset banking debt and load it onto the public's backs (aka more public spending).  This is bullish for the dollar, no? 

All we need now is to expand some more entitlements, send out some tax rebate checks to everyone in Amerika, and start a few more wars.  This way everyone is happy and the dollar is saved. 

Based on the past 11 years, this is the path that will contnue until it can't. The question I have is, when can it can't?

Tue, 07/12/2011 - 16:40 | 1449346 cossack55
cossack55's picture

THAT is the BIG question. That is the ZH Golden Fleece (wow, hidden meaning in Golden Fleece?).

Tue, 07/12/2011 - 16:45 | 1449379 Dr. Richard Head
Dr. Richard Head's picture

So many damn fuses have been lit and have run right up to the same powder keg for three years now.  It is astonishing, yet the people continue on and suicide themselves (attempted in yesterday's case) for a fucking baseball.  I'm coming unglued here.  I need to go finger my gold and silver pile to settle me down.

Do NOT follow this link or you will be banned from the site!