This page has been archived and commenting is disabled.

Throwing In The Tea Towel: Government Shutdown Averted?

Tyler Durden's picture


A late afternoon update from Stone McCarthy's Nancy Vanden Houten provides some much needed clarity on the topic that will be next week's number one topic (absent another colored swan joining the clusterflock): the threat of a government shutdown. It appears that Obama's warning that it would "height of
irresponsibility" to shut down the government over a spending
battle may have pushed republicans to come to an compromise. From SMR: "Increasingly, it looks as though Congress will be able to pass legislation funding the government for the rest of fiscal 2011, which is now half over and ends on September 30." And naturally this is merely one more of those strawmen whose inevitable resolution will be seen as an upside catalyst even if the probability of a downside outcome is impossible: after all the US government can not afford a shutdown period. So the only natural outcome will serve as the latest piece of news to get the momentum algos ramping the market into overdrive even though there is nothing notably catalytic about this development.

From Stone McCarthy:

Despite pronouncements by Congressional leaders to the contrary, it appears as though the key parties involved have reached a tentative compromise on a deal to cut $33 billion in discretionary budget authority for fiscal 2011. That $33 billion would include the relatively painless $10 billion of cuts that were already passed as part of the last two continuing resolutions.

A final deal is by no means certain. The details of a compromise still have to be fleshed out. We've seen reports that Congressional staffers will be working through the weekend to iron out the specifics. Also, it's still up in the air whether a final bill will include any of the so-called policy riders that were part of HR1, the bill that cleared the House in February and that would reduce fiscal 2011 budget authority by more than $60 billion. Senate Democrats and White House officials involved in the budget negotiations have indicated they might be able to accept some "non-controversial" policy riders. Frankly, we've only seen Democrats identify those policy riders that would be off the table, including those that would eliminate funding for Planned Parenthood, NPR, and implementation of the 2010 health care law. We've seen conflicting reports about riders that would limit some of the authority of the Environmental Protection Agency. If Democrats refuse to accept any policy riders, it might give GOP leaders some leverage to push for spending cuts that are slightly larger than $33 billion.

The more conservative members of the Republican Party, including many in the freshman class, won't be happy with a deal that cuts 2011 spending by $33 billion. So the House Leadership will need a sizable number of the House's 192 Democrats to support a compromise. It appears, though, that House Speaker Boehner has decided that supporting a compromise that can pass the Senate is preferable to siding with the more conservative members of his party and provoking a government shutdown.

Will this create a lasting rupture within the GOP? At this point, we don't think so, but it might make it trickier for Speaker Boehner to get support for compromises on some of the bigger budget battles that lie ahead.

The positive outcome of this issue then opens the door to the next strawman catalyst: the proposed increase of the US debt ceiling, which also has no chance of not passing (the alternative is a default of the US), yet a favorable resolution will once again be spun as a market moving event adding another 10-20 points to the S&P.

We still project that Treasury will hit the debt limit on May 16, if it doesn't resort to the tools at its disposal to create room under the debt ceiling. Of course, we expect Treasury will use all means available to avoid breaching the debt limit.  We still expect that Treasury will have exhausted those tools and hit the debt limit on June 30. The forecast is subject to more than the usual amount of uncertainty, as we head into the all-important April 15 tax date (April 18 this year.) We expect Treasury to provide an update to its own forecast for hitting the debt ceiling sometime next week.

As we indicated earlier, on a purely technical basis, the US total debt already surpassed the ceiling, although loopholes such as incremental maturities of debt, bill redemptions, the "debt subject to ceiling" definition and other semantics will likely push D-Day until mid-April, ultimately depending on the dynamics of tax refunds and revenues over the next two weeks.

That said, look for both of these events to be consistently spun as key positive outcomes, even though the chance of these things actually not transpiring in a non-favorable light is non-existent.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/01/2011 - 17:59 | 1126726 Ray1968
Ray1968's picture


Cut it or shut it!

Fri, 04/01/2011 - 18:06 | 1126744 Rainman
Rainman's picture

yes...these assholes are choking on a gnat with an elephant yet to swallow. We are doomed. 

Fri, 04/01/2011 - 18:12 | 1126768 I think I need ...
I think I need to buy a gun's picture

i noticed they truly aren't fighting amongst the two parties so we must be screwed.

Fri, 04/01/2011 - 19:59 | 1127013 Weisbrot
Weisbrot's picture

bipartisan = 2 parties screwing 1 American public

Fri, 04/01/2011 - 21:39 | 1127183 Fish Gone Bad
Fish Gone Bad's picture

Here is a Clarkism: Anything I can destroy, I can control. 

That said, the Tea Party can shut down the government.  Why settle on a few $$$ when the entire purse can be controlled.  If any Tea Partiers read this, you know what to do, so please get it done.

Fri, 04/01/2011 - 23:38 | 1127330 SilverBaron
SilverBaron's picture

Zero Hedge says we've breached it now.  Now they say that due to technicalities, we have until mid April.  Mccarthy says mid May.  So which is it?  One month is a huge gap.  Lets hear some specifics as to why this gap exists.

Fri, 04/01/2011 - 23:53 | 1127365 SilverBaron
SilverBaron's picture

Lucy, you've got some splainin to do!

Sat, 04/02/2011 - 02:49 | 1127547 Ivan
Ivan's picture

Free market fascism is the only sustainable free market system. Free markets are inherently unstable. That's not a bad thing, but economic cycles produce unemployment which can lead to revolution, or destruction of capital by the government to create demand for excess human supply (e.g. The Great Depression). If being poor and unemployed was a crime then revolutions/destruction of capital wouldn't happen. The first country to adopt free market fascism will experience huge economic growth because the bourgeoisie will be able to accumulate capital exponentially, and replace obsolete human workers with machines without any government intervention to protect the proletariat. In the end, such an economy will attain 90-95% of the world GDP. Everyone else will become mere natural resource exporters because keynesian/socialist/marxist economies won't be able to compete with free market fascism.

Free market fascism comprises 3 social classes:
The 1st (ruling) class consists of people who guard and regulate the system, and protect the capitalists from jealous proletarians (the artificially created middle class in the USA). If there are elections within this system, then only members of this class can vote. Though consulting the capitalist class is still possible. 1 to 10 million people are needed for this class. Tax revenue (approximately 10% of the GDP) from exploitation of capitalists is distributed more or less equally among members of the ruling class. They are the shareholders.
2nd class: capitalists, entrepreneurs, investors, speculators, lenders, rentiers, etc. Up to 1 million people.
3rd class: proletarians, including highly skilled workers, scientists and intellectuals. They are needed in the beginning, but most of them will eventually be replaced with machines and AI. Up to 100 million people.
Japan and Germany have huge economies, yet relatively small territories (less than 400,000 km2). In free market fascism a large population won't be needed either. A territory of similar size can be created (sea platform/artificial island), or the population of a country that nobody cares about can be displaced (Somalia, Colombia, Uganda, etc.)

Sat, 04/02/2011 - 19:52 | 1128796 KinorSensase
KinorSensase's picture

I'd argue that capitalism, as it exists, is over-centralized in terms of selective pressures that serve to regulate the economy.  Is "free market" essentially referring to "self-regulating?"  I've always been of the opinion that it is, but I most certainly could be wrong.  If self-regulation (i.e., systems theory) is the defining feature of free markets, then IMHO we are over-centralized.  Using the accumulation of capital (greed) as the sole incentive for economic paradigms, coupled with energy sources as dense as fossil fuels, has pushed the factors that exert selective pressure on economies far too much toward centralized agents.

Self-regulation occurs as an emergent property of dynamic equilibrium (a defining feature of all living systems).  Dynamic equilibrium, in turn, requires a balance between centralized and distributed factors in terms of selective pressures on the system.  I believe that introducing greater distribution of capital (consider the reciprocal of "trickle-down" theory) would benefit our current economic system best if we wish to assume a self-regulating economy...though I don't propose the mechanisms to achieve this model.  I think it would increase entrepreneurship and competition, leading to diverse businesses with overlapping, redundant features, and ultimately more resilient and localized economies.

Fascism, as it appears in this video (and in common sense) would centralize capital even more, thus centralizing selective pressure on the regulation of the economy in ever fewer hands, yes?  If this is the case, the I'd wager incredible short terms gains based on free-market fascism and catastrophic long term losses.  Over-centralization (IMO) has already tweaked the balance of dynamic equilibrium in favor of short-term benefits over long-term and it appears that we're now crossing the threshold of those time periods, as marked by the passage of many black swans.  I think the free-market fascism model would only increase the magnitude of the very characteristics we should limit if we wish to re-approached economic homeostasis.


Note: "regulation" as I've used it has nothing to do with regulatory bodies or the classic sense of economic "regulation;" I use it in the sense of regulation within living systems (feedback loops, etc.)

Fri, 04/01/2011 - 19:09 | 1126926 knukles
knukles's picture

$3,500 B budget (or thereabouts for gov't work)
$33 B cuts

33/3,500 = .0094


That's less than the sum of rounding errors.
Great Job, Shithead!

Mission Accomplished
(Business as Normal)

Fri, 04/01/2011 - 20:31 | 1127065 nmewn
nmewn's picture

Of course, we all know any "shutdown" is nothing but a paid vacation...once the "shutdown" is over everyone receives their pay for doing absolutely nothing again.

And I would go so far as to say a "shutdown" would be a positive on the patient under consideration...primum non nocere ;-)

Spineless Kabuki Theater of the Absurd.

Sat, 04/02/2011 - 12:11 | 1127898 Hulk
Hulk's picture

Their entire existence is a paid vacation...

Sat, 04/02/2011 - 07:54 | 1127644 grekko
grekko's picture

You got that right.  Less than 1%.  And they can't even agree on that.  Babylon, prepare thyselves.  The end of the game is close.

Fri, 04/01/2011 - 19:18 | 1126940 masterinchancery
masterinchancery's picture

Absurd.  Miniscule cuts, and nothing that matters in the govt ever shuts down, so the entire "threat" is complete BS.

Fri, 04/01/2011 - 21:19 | 1127146 philgramm
philgramm's picture

The relationship between gov't and citizen is necessarily an abusive one. It takes a certain percentage of your hard earned labor from the citizen each year. It can increase that percentage without the citizen's consent. The reason it can do this is that it has set up a good cop/bad cop system and given the citizen the illusion of choice.

We all know how much Americans love being part of a team. We have a blue team and a red team. Pick one of the two but sorry you don't have other options. People staunchly defend their team regardless of its actions. Someone much more eloquent than me said "you can tell a lot about a society from what it values most". Well, We value sports more than we value our freedom. We will argue for years about a terrible referee call in a playoff game but we won't try to put in half of that time understanding and fighting for our freedoms.

Stop voting. Imagine if, in nov 2012, not one person voted for president. Not voting is also a choice. This abusive relationship needs only one thing from you. Opt out. The gov't has so much power because we are complicit in the system. We don't realize that we have voluntarily given away our freedom and we can get it back. An abusive relationship only ends when the abused just walks away. Walk away.

sorry if I ranted

Fri, 04/01/2011 - 23:01 | 1127281 flacon
flacon's picture

An abusive relationship only ends when the abused just walks away.


Excellent. And also stop paying income tax by stopping working. It is legal to not pay income tax if you don't earn any FRN's. Be self sufficient.

Sat, 04/02/2011 - 00:15 | 1127394 SilverBaron
SilverBaron's picture

But it's not legal to not pay property tax, which must be paid in FRN's!  Not much power in being homeless.

Sat, 04/02/2011 - 00:50 | 1127436 Ben Fleeced
Ben Fleeced's picture

You'd be suprised.

Sat, 04/02/2011 - 11:00 | 1127807 Guarded Pessimist
Guarded Pessimist's picture

Well said!

Fri, 04/01/2011 - 20:01 | 1127009 Weisbrot
Weisbrot's picture

defund illegals by evicting them, this will reduce traffic on the roads, reduce the witing time in hospitals, and the demand for food stamps, just to name 3.

Fri, 04/01/2011 - 21:17 | 1127139 Zero Govt
Zero Govt's picture

Yep. Kick the can .....kick the can ......kick the can .....and kick the can (again!)

200 Committees, a new one on 'Fiscal Responsibility', hundreds of DC 'experts' and all they can come up with to 'solve' the debt and spending problem is the same retarded strategy of keep spending like bankrupts and kick the can

Govt, the rectum of every country

Fri, 04/01/2011 - 22:24 | 1127243 Phat Stax
Phat Stax's picture

who the hell is going to change your sheets next time you wank off in a hotel room?  or pick your peas?  or strawberries?  Your son or daughter?  or your nephew or niece?  Yeah right...

Fri, 04/01/2011 - 22:49 | 1127270 espirit
espirit's picture

Straw Tea Bags taste like sheet.

Fri, 04/01/2011 - 23:32 | 1127317 JR
JR's picture

It’s been said that most all subjects relate to politics.  But it’s also true that almost all subjects relate to economics; man working to provide for himself, his family and his future.  The heath care bill, of course, is political, but more than anything, it is economic.  And following right behind health care in the Obama Administration’s political agenda is another major economic issue—immigration.

Illegal immigration is nothing if not economic :

CHEAP TOMATOES? | Last year from a California school teacher - - -
As you listen to the news about the student protests over illegal immigration, there are some things that you should be aware of:

I am in charge of the English-as-a-second-language department at a large southern California high school which is designated a Title 1 school, meaning that its students average lower socioeconomic and income levels.

Most of the schools you are hearing about, South Gate High, Bell Gardens, Huntington Park, etc., where these students are protesting, are also Title 1 schools.

Title 1 schools are on the free breakfast and free lunch program. When I say free breakfast, I'm not talking a glass of milk and roll, but a full breakfast and cereal bar with fruits and juices that would make a Marriott proud. The waste of this food is monumental, with trays and trays of it being dumped in the trash uneaten.

I estimate that well over 50% of these students are obese or at least moderately overweight. About 75% or more have cell phones.

The school also provides day care centers for the unwed teenage pregnant girls (some as young as 13) so they can attend class without the inconvenience of having to arrange for babysitters or having family watch their kids.

I was ordered to spend $700,000 on my department or risk losing funding for the upcoming year even though there was little need for anything; my budget was already substantial. I ended up buying new computers for the computer-learning center, half of which, one month later, have been carved with graffiti…

I have had to intervene several times for young and substitute teachers whose classes consist of many illegal immigrant students here in the country less than 3 months who raised so much hell with the female teachers, calling them 'Putas' (whores) and throwing things, that the teachers were in tears.
Free medical, free education, free food, day care etc., etc., etc.

To those who want to point out how much  illegal immigrants contribute to our society because they like their gardener and housekeeper and they like to pay less for tomatoes: spend some time in the real world of illegal immigration and see the true costs. Higher insurance, medical facilities closing, higher medical costs, more crime, lower standards of education in our schools, over crowding, new diseases etc., etc., etc. For me, I'll pay more for tomatoes.

We need to wake up. The guest worker program will be a disaster because we won't have the guts to enforce it. Does anyone in his right mind really think they will voluntarily leave and return?

It does, however, have everything to do with culture: A third-world culture that does not value education, that accepts children getting pregnant and dropping out of school by 15 and that refuses to assimilate, and an American culture that has become so weak and worried about 'political correctness' that it doesn't have the will to do anything about it.

CHEAP LABOR? Isn't that what the whole immigration issue is about?

Business doesn't want to pay a decent wage.
Consumers don't want expensive produce.
Government will tell you Americans don't want the jobs.
But the bottom line is cheap labor.

The phrase 'cheap labor' is a myth, a farce, and a lie. There is no such thing as 'cheap labor’.

Take, for example, an illegal alien with a wife and five children. He takes a job for $5.00 or $6.00/hour. At that wage, with six dependents, he pays no income tax, yet at the end of the year, if he files an Income Tax Return, he gets an 'earned income credit' of up to $3,200 free. (The 2010 earned income credit [EIC] if the IRS worksheet amount is $12,550 for a single or married couple filing jointly with three children is $5,666, maxing out entirely at a $48,350 “worksheet amount.” The credit begins at $2 with $1 of worksheet amount and no children. These cash “amounts” do not affect welfare amounts determined for Temporary Assistance, Medicaid and Supplemental Security Income [SSI] and/or Supplemental Nutrition Assistance (food stamps and low-income housing.)

He qualifies for Section 8 housing and subsidized rent.

He qualifies for food stamps.

He qualifies for free (no deductible, no co-pay) health care.
His children get free breakfasts and lunches at school.
He requires bilingual teachers and books.
He qualifies for relief from high-energy bills.
If they are or become, aged, blind or disabled, they qualify for SSI.

Once qualified for SSI they can qualify for Medicare.
All of this is at taxpayers’ expense.
He doesn't worry about car insurance, life insurance, or homeowners
Taxpayers provide Spanish language signs, bulletins and printed material.
He and his family receive the equivalent of $20.00 to $30.00/hour in benefits.

Working Americans are lucky to have $5.00 or $6.00/hour left after paying their bills and his. The American taxpayers also pay for increased crime, graffiti and trash cleanup.

Cheap labor? Right! 

Sat, 04/02/2011 - 00:30 | 1127406 SilverBaron
SilverBaron's picture

I have a friend who married a Vietnamese girl and they get the same treatment.  Free everything.  Free food, free housing, free college, free money to start a business.  It's crazy.  But as a white American, you get nothing.  He said her family told her not to take his name because then she would not qualify for the free stuff.  They are filthy rich. They own nail shops, apartment buildings, and mega houses, pay no taxes, and still milk the system for all the free stuff they can get.  I wish I was making this shit up.  He said the Laocian people are brought here even though our government knows that they are all addicted to opium.

Sat, 04/02/2011 - 00:35 | 1127421 SilverBaron
SilverBaron's picture

Moral of the story.  If you want free shit change your name to Nguyen.

Sat, 04/02/2011 - 00:37 | 1127420 Yen Cross
Yen Cross's picture

You are a gooood man J.R. When I get back from over seas I'm going to drive up in my red car and see you. You are too intelligent to be looked over! P.S. you called that usd/jpy dip! Tell Sue Ellen hello.

Sat, 04/02/2011 - 08:58 | 1127678 chubbar
chubbar's picture

excellent post. Facilitating illegal immigration is federal policy at this point. No other conclusion can possibly be arrived at given the facts of the matter.

Obama again is pushing for amnesty even though it was soundly defeated in a bipartisan vote last year. Bush did nothing on his watch other than lip service. Reagan amnestied millions on his watch. Clinton did nothing on his watch.

The SPP/North American Union is fact. TPTB have already made provisions for Mexicans to be able to cross over into our country seamlessly. They are starting work on I-35 Nafta highway, even though it was voted down by the vast majority of texans.

Basically this policy is a crime in progress and there is really nothing we can do about it. Every time a bill is voted down they re-introduce it and wear down the public that is outraged by it, holding votes when opposing leadership is on holiday or some other gimmick. Or, they ignore the vote and just go ahead with the plans as is the case with the Nafta highway.

There is an agenda at the highest levels of U.S/world leadership and our welfare/sovereignty is not on it.

Fri, 04/01/2011 - 22:42 | 1127266 Hephasteus
Hephasteus's picture

Illegal aliens represent the ultimate mind fuck of america. You're in but your not in and your not legit. It's the entire process of inclusion through caste system. There's no way they will shut down illegal immigrants any more than Apple will shut down their manufacturing system being ran by thugs who force people into cult concentration labor camps. Even if it means those same fucking thugs will do shitty things to apple like make an exta 300k plastic cases and sell it to a knock off vendor. It's just part of doing big thug business.

Sat, 04/02/2011 - 08:53 | 1127670 CH1
CH1's picture

Get over it.

Fri, 04/01/2011 - 23:15 | 1127297 Manthong
Manthong's picture

I think it's a gift.

More time to accumulate, more dips to buy in.

Great way to get excercise.

Those bars and green boxes are heavy.






Sat, 04/02/2011 - 00:02 | 1127374 YouBetYourLife
YouBetYourLife's picture

It's hopeless.  Truly hopeless. The morons in DC still think it's some sort of power game.  They're arguing over who's going to get the window dining seating on the Titanic.

All that's left is for us who are aware of what's coming is to try to estimate when the financial tsunami will hit, so we can plan accordingly.

How do people grow up to be such pompous fools?  I really can't relate to this behavior at all.

Sat, 04/02/2011 - 02:36 | 1127534 sagerxx
sagerxx's picture

"It's all going down, man!  Martha Stewart's polishing the brass on the Titanic!"

Sat, 04/02/2011 - 06:12 | 1127613 SoCalBusted
SoCalBusted's picture

Shut The Fucker Down!

Sat, 04/02/2011 - 13:31 | 1128055 In Fed We Trust
In Fed We Trust's picture

An old Hindu proverb

"Do nothing so there is nothing left to undo."

That means shut the mothe fucker down!.

Turn the WH and Congress buildings into mueseums.

Hire Craig Newman to build a website that allows all to participate in a governement voted/decided by online voters. That means the bills are also introduce by common people.

Let the politicians keep their lives, except for the true perpertraitors, to be executed without trail.


Fri, 04/01/2011 - 18:04 | 1126734 Id fight Gandhi
Id fight Gandhi's picture

So cuts are less than one month of Pomo?

Fri, 04/01/2011 - 18:26 | 1126810 magpie
magpie's picture

shhhh, don't say that aloud. Cuts are two good days of it.

Once they begin to think in those dimensions, why should they even limit the deficit to single digit trillions ?

Fri, 04/01/2011 - 18:06 | 1126745 Debtless
Debtless's picture

Go ahead and shut the fucker down.

Fri, 04/01/2011 - 18:45 | 1126868 victor82
victor82's picture

Shhhhh. Don't say shutdown!

You'll scare the Republicans!

Sat, 04/02/2011 - 00:12 | 1127387 YouBetYourLife
YouBetYourLife's picture

Yes. Shut it all down. 

Give the sheeple a mild preview of what life will be like after the U.S. defaults. 

Except when the real default comes, it'll be 100x worse. People just don't get it.  You can't print Monopoly money forever.

Fri, 04/01/2011 - 18:10 | 1126749 rich_wicks
rich_wicks's picture

What was this budget battle over?  33 billion was it?

Let me give you an idea of what that is, in the scope of our national debt.

Imagine our national debt is 14 trillion dollars and instead of 14 trillion bucks, it's 100 gallons of water.  What is 33 billion dollars in that context?

That's about 4 imperial cups of water in that 10 gallon bucket.  4 cups.  like that amount of water you drink in a day.


Our government, our incompetent government, filled with these moron and buffoons can't do without 4 cups in a 100 galloon bucket?  Removing that amount is "impossible"

Anybody have any idea how we're certainly screwed?  How there is no hope?  This is also 6 tablespoons out of 10 gallons - which is supposedly essential to keep this country from going crazy, supposedly, from these pilfering, spendthrift morons, who are looting the country, and are so freaking greedy that they can't give up 6 tablespoons in a 10 gallon bucket they've make.

Ya think people saying the dollar is doomed now are crazy?  Well, if you do, don't be whining 10 years later screaming "how could anybody see this coming? DUUUUUUUUUUUUUUUUUH!"  It's OBVIOUS.  Yeah, gold and silver are in bubbles, but this, well, just small bit of inflation are possible.

Fri, 04/01/2011 - 18:29 | 1126819 cossack55
cossack55's picture

I found the link below to be both entertaining and funny:

Fri, 04/01/2011 - 19:42 | 1126980 Buzz Hacksaw
Buzz Hacksaw's picture

A little too simplistic. Bording on propaganda.

Sat, 04/02/2011 - 02:34 | 1127533 cossack55
cossack55's picture

Of course. What isn't? Also, they are attempting to reach the "vast majority" on a level they may comprehend. Lewis black would have been a better narrator for sure. Still, kind of funny.

Fri, 04/01/2011 - 18:50 | 1126882 Two Face
Two Face's picture

Yeah, in a $3.8T spending budget for fiscal 2011, this $33B isn't even good for a 1% cut of total spending.  The Dems and Repubs are squabbling over who's going to eat the last crumb of the pie.

Fri, 04/01/2011 - 21:55 | 1127211 A Nanny Moose
A Nanny Moose's picture

Meantime the whole pie is turning into a moldy, watery, fetid shit pile.

Fri, 04/01/2011 - 19:59 | 1127019 Abitdodgie
Abitdodgie's picture

So it is time for a revolution I am up for it , when and where, and don't turn up if your not armed and ready to fight .

Sat, 04/02/2011 - 02:34 | 1127537 Creed
Creed's picture

dodgie? and you're going to fight? hahaha


Sat, 04/02/2011 - 09:23 | 1127693 johnnynaps
johnnynaps's picture

Armed? try arming yourself with some common sense. The way to fight runaway capitalism/fascism is to do absolutely nothing.

Hmmmm, do you think the politicians (paid for by the corporations) want you to work more (keeping you distracted) for less? Everyone who has maintained a lackluster job the last 3 years is to blame. As long as you feed it, the beast will eat. Now, keep contributing to that 401k which supports a market based on corruption, greed, and capitalising on catastrophes......because your uncle sugar and ruling overloards tell you too, and they are there to help guide you! 

Fri, 04/01/2011 - 20:23 | 1127056 Cdad
Cdad's picture

rich wicks,

Indeed, we are aware.  And if the weak Republicans sign onto this sad budget, then the bond market will immediately explain to them just how wrong they were.

So take your pick next week...of black swans yet again.  And while your waiting, prepare.


Fri, 04/01/2011 - 18:07 | 1126752 oogs66
oogs66's picture

After the tax 'compromise' late last year you knew they wouldn't even pretend to fight to the last minute. Jawbone get a few soundbites. Then spend away!

Fri, 04/01/2011 - 18:09 | 1126753 Misean
Misean's picture

Money's no object for the Empire.

Fri, 04/01/2011 - 21:20 | 1127148 Zero Govt
Zero Govt's picture

that's what Rome said!

Sat, 04/02/2011 - 04:38 | 1127584 Ricky Bobby
Ricky Bobby's picture

+1 mortuus republica imperii Vivant

The republic is dead long live the empire

Fri, 04/01/2011 - 18:08 | 1126754 dbTX
dbTX's picture


Fri, 04/01/2011 - 18:14 | 1126771 rich_wicks
rich_wicks's picture

No, not term limits.


People spend more time watching television in week than they spend researching candidates that they vote for over a period of 4 years.  Americans, these stupid morons who have the right to vote, but are utterly incapable of voting, because they're complete morons, deserve to have their country bankrupt.

Don't blame politicians for this, blame voters, it's their fault.  You know the nation will just continue adding to the national debt forever - you know this for certain.  What are you going to do about it?  That's your only question.

It's no wonder politcians have utter contempt for the masses - how can you not when their base their voting decisions on what kind of hair hair you have, and how photogenic you are on television, and don't even bother to even look at your voting record?  It was pretty easy to see the Obama was going to continue the Iraq War, continue the bailouts, and support the Patriot Act - because he voted to continue them when he was in the senate.  Hope and change?  If any of you believed that, you are stupid morons.  All you had to do was pay attention for 10 minutes a week for the last 2 years of Obama's politicial career or just look it up in Wikipedia.

You deserve the government you have, Americans.  You deserve an awful one.

Fri, 04/01/2011 - 18:24 | 1126800 johnQpublic
johnQpublic's picture

you are talking klike they give the public a real choice.

southpark had it right.....douchebag or a shit sandwich

Fri, 04/01/2011 - 18:41 | 1126852 rich_wicks
rich_wicks's picture

you are talking klike they give the public a real choice.

You did have a real choice.

You had one man that read in the Pentagon Papers into the Congressional record.  Do you know why he did this?  The Nixon government was threatening to try reporters for treason if they reported on the Gulf of Tonkin incident which was in the Pentagon Papers.  The senator who read in the papers was risking a lot to do this, despite his technical immunity in reading anything into the congressional record.

Do you know who he is?

Then there is the other guy, he rasied more money from individuals than anybody else running.  He voted against the "Authorization to Use Force in Iraq", he voted against the bailouts, and he has a nearly 100% record of doing what he says, and saying what he's going to do, for over 2 decades.

You ought to know who hs is.

But most of America doesn't.

I'm tied of people bitch about the governments they elect.  It's not the fault of the government is the fault of a fat and stupid population that thinks it's their patriotic duty(TM)(R) to vote, even though they have absolutely no clue what's even available.  Americans are freaking stupid, and that's the root problem.

Fri, 04/01/2011 - 19:07 | 1126915 ShouldveLeftHer
ShouldveLeftHer's picture

Not "nearly 100%". It is 100%, and also hes never cheated on his wife, had a malpractice lawsuit as a doctor, or flip flopped on anything in his LIFE. Ron Paul is genuinely the last true man in politics. Hes too old now. I dont even think hes going to run, he himself said its too late now. Were already fucked regardless what happens from this day on. But lets keep asking Tim Massad whats happening in the world and act satisfied with the non answers that Americans have become accustomed to, from the Nixon era of politics. "Well, um, uh, thats not my responsibility." I dont pay Federal Taxes except cigarette tax and gas tax. Theyre not getting any more money out of me without representation.

Fri, 04/01/2011 - 19:12 | 1126932 Founders Keeper
Founders Keeper's picture

[It's not the fault of the government is the fault of a fat and stupid population that thinks it's their patriotic duty(TM)(R) to vote...]---rich_wicks

IMO there's a lot of blame to go around, wicks. The electorate share part of it.


Fri, 04/01/2011 - 19:38 | 1126975 rich_wicks
rich_wicks's picture

IMO there's a lot of blame to go around, wicks. The electorate share part of it.

If you hire a group sociopaths to run your life because you were too damned lazy to do a few hours of research on the internet, don't you dare to complain about them for running your lives into the ground.

This country is screwed up because NOBODY takes any responsibility for their actions.  To have a democracy, you need an informed electorate.  If you are not informed, you should not be part of the electorate.

Fri, 04/01/2011 - 21:25 | 1127156 nmewn
nmewn's picture

"To have a democracy, you need an informed electorate."

This was never meant to be a's how you wind up with the shit we have now.

Who do you think the average person will vote for...someone who says they will provide for you or someone who says you must provide for yourself?

Everyone knows democracy's suck hind tit, as they always evolve into 51% stealing from the other 49% (or lower percentile's)...which leads to the lower percentiles saying bite me bitch...come take it if you can.

And here we are.

Fri, 04/01/2011 - 23:28 | 1127314 Larry Darrell
Larry Darrell's picture

"This was never meant to be a's how you wind up with the shit we have now."


+ sum(QE1:QEN)


Obviously history classes are failing everywhere when almost no one knows what the US was founded as.


Woman:  What did you give us Mr. Franklin?

Benjamin Franklin:  A Republic, if you can keep it.



Sat, 04/02/2011 - 05:09 | 1127593 nmewn
nmewn's picture

"Obviously history classes are failing everywhere when almost no one knows what the US was founded as."


And by the looks of the electorate, civics classes ceased being taught in the public schools sometime in the late 70' I wonder why they would do that? ;-)

Sat, 04/02/2011 - 10:31 | 1127756 Rodent Freikorps
Rodent Freikorps's picture


So, very close to the time the Dept. of Education was established?

Sat, 04/02/2011 - 20:42 | 1128874 nmewn
nmewn's picture

All roads lead to this conclusion RF.

I look at them as little more than state indoctrination camps...when students have to take remedial courses in reading, writing & arithmetic in order to enter college it says all that needs to be said really.

Yet, hell will form a mile thick ice cap before the teachers unions, student loan banking interests and politicians ever conclude that money is not the problem...because, of course, they are the problem.

Sat, 04/02/2011 - 10:22 | 1127748 Founders Keeper
Founders Keeper's picture

[This was never meant to be a democracy...]---nmewn

Thanks for posting, nmewn.

I'm afraid that now too many of our countrymen are wholly ignorant of our nation's founding principles. Four generations of Americans starved of historical facts by the Progressive movement in education.

The Progressives' damage is complete.

I can't believe we're gonna have to fight another Revolutionary War to restore the US Constitution.


Sat, 04/02/2011 - 10:34 | 1127762 knukles
knukles's picture


Give the man a cigar!

Sat, 04/02/2011 - 10:36 | 1127763 knukles
knukles's picture

Most folks these days cannot even explain the Writ of Habeas Corpus , nor have any idea form where it was derived.....
nor have even heard, read or can name the authors of the Federalist Papers, nor carry on intelligent discourse as to the most fundamental basic topic debated therein.

Sadly, we get the government we deserve.....
Which speaks deeply to the educational system....  Progressive civics classes... propaganda of the current politically correct meme.

Sat, 04/02/2011 - 12:31 | 1127930 Founders Keeper
Founders Keeper's picture

[Most folks these days cannot even explain the Writ of Habeas Corpus , nor have any idea form where it was derived...]---knukles

Thanks for your post, knukles.

For most folks the damage is irreversible. Many good honest hard-working Americans, wholly ignorant and misinformed(through no fault of their own) will find themselves in a Great Conflict. Profoundly tragic, there is not enough time between today and the opening shots to inform them of what has been hidden from them by the Progressives.

Let's not beat around the bush. We know what's coming.

The Great American Conflict.

The economic collapse that is unfolding is but a symptom of the problem. The collapse will expose many of the problems and exacerbate others. The collapse is the last bridge standing between life as we know it today and where we stand tomorrow.

History is upon us.

Get right with God and for what you stand. When the floor drops out from under your feet, on what principles will you remain grounded? For what will you pledge your life, your fortune, your sacred honor?

If you stand for unlimited government, you are my enemy.

If you stand against the US Constitution, you are my enemy.

If you stand against individual Liberty and the Rule of Law, you are my enemy.

If you stand against private property and debase my nation's currency, you are my enemy.

I'm a peaceful man, and will turn the other cheek when slapped. That's a matter between me and God. But, when you fuck with my family and countrymen---all bets are off.


Fri, 04/01/2011 - 19:50 | 1126994 unununium
unununium's picture

> Americans are freaking stupid, and that's the root problem.

Not entirely our fault.  Keeping us stupid was part of the plan.

Fri, 04/01/2011 - 18:42 | 1126857 iDealMeat
iDealMeat's picture

+1..  That one was almost as good as the

Margaritaville  episode
Fri, 04/01/2011 - 19:06 | 1126909 MisterMousePotato
MisterMousePotato's picture

"You deserve the government you have, Americans.  You deserve an awful one."

Um, no. I get the kind of government that THEY deserve.

Fri, 04/01/2011 - 19:08 | 1126925 ShouldveLeftHer
ShouldveLeftHer's picture

Did you vote for Ron Paul? If no, then hit yourself in the nuts with a hammer.

Fri, 04/01/2011 - 20:06 | 1127036 Abitdodgie
Abitdodgie's picture

You are right Americans keep voting for the same people so they must like been treated the way they are so unfortunately we are in the minority , and as America is not a republic any more , it is a democracy , then i guess we have to live with it , or become a sovereign and feel sorry for the surfs. Ps I did not get the update on the democracy thing either

Sun, 04/03/2011 - 00:33 | 1129172 Zero Govt
Zero Govt's picture


Woman:  What did you give us Mr. Franklin?

Benjamin Franklin:  A Republic, if you can keep it.

People that believe in America being a Republic or in the Founding Fathers or that voting for the 'right' candidate makes a difference are almost as deluded as those insane zombies that vote for Bush, Obumma et al.

Bless these Tea Party like believers for their principles but they should be damned for their naive almost juvenile beliefs and raked over hot coals for their inept thinking not understanding the system, Government (and Laws, Constitutions and that truly shit word, "democracy"), is the problem.

'Democratic Government' is a nice idea except it is actually the liberal hed-fuk. Anyone who believes in Govt, law and constitutions please consider yourself well and truly hed fuked. Also consider yourself part of the problem, not any part of the solution.

The problems for America began when your cunt President, Abe Lincoln, waged a murderous civil war with the Southern States (who wanted autonomy - freedom) to force via violence 'democracy' down free Americans throats. The Founding Fathers were little more than (the very first) pigs at the trough who have wrapped their parasite system in sugary words and liberal idealism easier for the masses to swallow down their tape worm called Govt to bleed society.

America was the land of the free. Free people that left Europe because of its parasite authority systems. The day the murderous parasites installed 'democratic Govt' in America was the day the 'American Dream' died

The Tea Party are so naive it's almost pitiful to watch. A crusade to bring down 'Big Govt' and chase the big blood sucking aliens out of Washington. Yet inside every crusading Tea Party candidate chasing away big aliens is a baby alien carried in each of their chests called 'small Govt' ready to burst out and start the exact same rape and pillaging again. The Tea Parties problem solving is too bloody dumb for words! 

The general publics problem solving also cannot be trusted which is precisely why we need freedom not Govt. Freedom allows the brightest ideas to emerge from bright individuals and for the herd to catch up be catching on. Govt is a monopoly system that hoards power for the sake of it and has no motive to improve nor any competitive force to kill bad ideas. This is why everything Govt touches turns to crap. Govt breeds parasites which breed shit.

A free society and free markets work if you let them... it'll never work properly with a parasite called Govt hoarding power and siphoning off (sucking) the wealth out of society. 

Sun, 04/03/2011 - 00:36 | 1129218 i-dog
i-dog's picture

+100% ^

Fri, 04/01/2011 - 18:08 | 1126755 chubbar
chubbar's picture

It's all the same club. No one expected any other outcome.

Fri, 04/01/2011 - 18:10 | 1126757 Translational Lift
Translational Lift's picture


Fri, 04/01/2011 - 18:18 | 1126775 Rodent Freikorps
Rodent Freikorps's picture

(Reuters) - Afghan protesters angered by the burning of a Koran by an obscure U.S. pastor killed up to 20 U.N. staff, beheading two foreigners, when they over-ran a compound in a normally peaceful northern city on Friday in the worst ever attack on the U.N. in Afghanistan.


Afghan police and army, who the United Nations rely on for their first line of defense, were apparently unable to control the crowd. German troops are also stationed in Balkh, and the NATO-led coalition said they had received a request for help.


Fri, 04/01/2011 - 18:19 | 1126790 Translational Lift
Translational Lift's picture

Pull the plug on those fuckers and let them wallow in their own excrement!

Fri, 04/01/2011 - 18:22 | 1126794 Rodent Freikorps
Rodent Freikorps's picture

I vote we dust off and nuke them from orbit.

It is the only way to be sure.

Fri, 04/01/2011 - 18:22 | 1126795 cossack55
cossack55's picture

If you work for the UN you have already lost your mind.  May as well lose the rest of your head.

Fri, 04/01/2011 - 18:26 | 1126804 Rodent Freikorps
Rodent Freikorps's picture

Religion of Pieces.

Fri, 04/01/2011 - 18:49 | 1126879 rich_wicks
rich_wicks's picture

this from a country that had a group of murderers working in it's military, for fun:

Dey h8 us Fer R Freedumb remember.  Duuh przident sayed so.  It mwust be twue.

I have a really novel method of not getting US people killed in foreign countries - don't put US foreign people in foreign countries.  Maybe that will work?  I'm thinking that if Americans aren't in Afghanistan or in Iraq, after the US has bombed the hell out of the two countries, and killed lots of native people  that live there there, they wouldn't be killed.   I know the logic is really difficult to follow, but I'm pretty certain that if Americans stop going to countries that the US has bombed the bejesus out of, Americans will no longer be killed in those countries if they are not in those countries.

What do you think?  Do you think that might possibly be a solution?  Do you think Americans and foreigners in general will stop being murdered if they just leave the countries that their governments blew to shit?  Hmmm, it's such a hard logic to follow I know, and it's very complicated solution, but maybe we can try it?

What do you morons think?

Fri, 04/01/2011 - 18:54 | 1126886 Rodent Freikorps
Rodent Freikorps's picture

Isn't is interesting that the MFM cannot for the life of them, name the current CinC of those kill teams?

Corruption runs down hill.

Fri, 04/01/2011 - 19:15 | 1126937 rich_wicks
rich_wicks's picture

You know who is in Iraq and Afghanistan right now?

Colluders.  Co-conspirators.  They may not realize it, but that's exactly what they are, and they get killed for it.  Well, work for the mafia don, and die at the hands of another mafia don.


Fri, 04/01/2011 - 19:23 | 1126944 Rodent Freikorps
Rodent Freikorps's picture

They are honorable Americans hoping there will be something left to defend when the America hating, Communist-in-Chief is gone.

Obama was democratically elected by the totally retarded voters of of the US. Therefore, the officer corps will follow his orders even if they know they are helping to destroy the nation. That is the way it works.

When the vote is obviously stolen, they will react differently. The nation has the right to commit suicide if it does so democratically.

That is one thing you all never learn. The US military will allow the US to self-destruct if it is done, more or less, democratically.

Anything else, and the Republic dies anyway.

Fri, 04/01/2011 - 19:34 | 1126962 rich_wicks
rich_wicks's picture

They are honorable Americans hoping there will be something left to defend when the America hating, Communist-in-Chief is gone.

You mean the Communist-in-Chief that.

  • renewed the Patriot Act that Bush and a Republican congress put into law?
  • renewed the bailouts of criminals in our banking sector that Bush and a Democratic congress passed?
  • continued 2 wars that Bush and a Republican congress started?
  • continued to keep Guantanamo open that Bush and both a Republican and Democratic congress kept open for 6 years?
  • continued to keep mercenaries, paid murderers, in both wars that Bush and both a Republican and Democratic congress authorized payments for?

Yeah - as soon as we get a new president, everthing will change, because Obama and our government is so radically different than the last 8 years before he was president.

Fri, 04/01/2011 - 19:46 | 1126983 Rodent Freikorps
Rodent Freikorps's picture

Even with all that, the Rs did not take control of the Senate. This is as good as it gets.

Plan accordingly.

My loyalty has shrunk all the way down to my neighborhood. Don't fuck with it while I am still upright.


Fri, 04/01/2011 - 19:46 | 1126985 eddiebe
eddiebe's picture

The universal soldier. Without him all this killing couldnt go on. All of them are pissing on the constitution.

Fri, 04/01/2011 - 19:58 | 1127012 Rodent Freikorps
Rodent Freikorps's picture

"Men sleep peacefully in their beds at night
because rough men stand ready
to do violence on their behalf."


Don't be a useful idiot.

Sat, 04/02/2011 - 08:07 | 1127646 psychobilly
psychobilly's picture

Total nonsense.  Forced "protection" at the point of a gun is called a protection racket, you worthless parasite.

Sat, 04/02/2011 - 10:35 | 1127767 Rodent Freikorps
Rodent Freikorps's picture

Well, Psycho, luckily for you the military has to protect the whole of the nation, even nutjobs like you.

Sat, 04/02/2011 - 18:45 | 1128678 rich_wicks
rich_wicks's picture

Well, Psycho, luckily for you the military has to protect the whole of the nation, even nutjobs like you.

Oh bullshit.

The last time the US military was used to protect this nation was WWII, 65 years ago.

Sat, 04/02/2011 - 18:51 | 1128692 Rodent Freikorps
Rodent Freikorps's picture

Why is it wrong for the military to protect US interests?

Sun, 04/03/2011 - 18:11 | 1130529 rich_wicks
rich_wicks's picture

Why is it wrong for the military to protect US interests?

Remember that when it's in the US interests to kill American citizens and to suspend the constitution.

If you really are so stupid you can't recognize the consequences from overthrowing a democracy in Iran which led to the creation of the Iranian Revolution which was successful in 1979 which then spread because it was successful to become Hamas, Al Qaeda, and the "Islamic Revolution" in general, etc., and you consider this protecting US interests, what's the point in trying to talk to you?

If you don't know how we got here, ostensibly by protecting American interests, but really for protecting American corporate interests such as the overthrow the Guatamalan government to protect the United Fruit Company (no shit! - it's Operation PBSUCCESS not that will ever look it up, because you really don't give a shit) then you're not going to realize that the US government is protecting their interests and US government's interests are yours.

If you want to go get you ass blown off - go ahead.  I couldn't care less if you get a bullet to the head, what I'm upset with is having to pay for you to do this stupid shit.

Sat, 04/02/2011 - 19:20 | 1128742 psychobilly
psychobilly's picture

Not lucky for me, since it's a scam that has nothing to do with actually protecting me.  Last defensive war fought by the US military was almost 200 years ago.

Lucky for a welfare parasite like you perhaps.  Without .gov, you'd be unemployable.

Fri, 04/01/2011 - 19:29 | 1126956 prophet
prophet's picture

Surely they would never think to come to the U.S.

Fri, 04/01/2011 - 19:34 | 1126967 rich_wicks
rich_wicks's picture

Surely they would never think to come to the U.S.

Well, given our immigration policy, I suppose that could be a legiminate threat.  Maybe, just perhaps, the Federal government ought keep an eye on foreigners in the US, instead of watching US citizens 24 hours a day 7 days a week with warrantless wiretapping?

Or better yet, they could just refuse a Visa.

I know it's crazy, but I think it might just work.  After all, if we're so terrified of foreigners, why not just close the border?

Fri, 04/01/2011 - 19:53 | 1127005 Rodent Freikorps
Rodent Freikorps's picture

Statists like Islam.

Just watch as things develop. I will accept accolades in the future.

Sat, 04/02/2011 - 06:34 | 1127618 rich_wicks
rich_wicks's picture

Just watch as things develop. I will accept accolades in the future.

Yes, because a few muslims can turn the US into an Islamic caliphate.  You are ludicrous, but what sense is there in talking sense to a fool?  Fight the boogeyman all you want, that is the point of a boogeyman existing - to distract you.

Islam poses no threat to the United States, but the government is a very real and present danger.  It is blatantly obivious but the stupdity of the average American is something I always tend to underestimate.  Keep fighting your phantoms.  I can't stop the mafia from dumping money into it.

Sat, 04/02/2011 - 08:58 | 1127675 Rodent Freikorps
Rodent Freikorps's picture

Never said the US was in danger of becoming a Caliphate.

Sat, 04/02/2011 - 18:17 | 1128611 rich_wicks
rich_wicks's picture

Never said the US was in danger of becoming a Caliphate.

The United States isn't in danger at all.

The United States overthrew the Iranian Democracy in 1953 in Operation Ajax to steal oil.  In the 1980s, the United States protected Saddam Hussein from UN condemnation.  The US gave Hosni Mubarak a billion dollars a year to keep in power.  The US keeps the Sa'ud Family in power today, and has for the last 30 years.

Gee whiz, shock and horror when people finally get pissed off enough with these flagrant violations of thier sovereignty that they are willing to do something about it.  How many muslims have been killed because of American actions?  How many lives ruined?

The Middle Eastern world has never threatened the United States, but the US has been threatening and destroying nations in the Middle East for over 50 years now.  You're the threat, you dumbass.  World Trade Centers?  Big deal. The US toppled the Iranian democracy and helped the puppet traitor dickhead they put into power stay in power by running a secret police called SAVAK - why don't you look up SAVAK?  Anything that's been done to the United States pales in comparison to what the US has done to the Middle East.

That's why they hate us, you stupid moron.  I'm so utterly disgusted by you complete imbeciles.  If the Middle East were just to get even with what the US has done to them, they'd install a Christian dictatorship, steal all our resources, and impoverish this nation, for 1/2 century - then they'd be "even".  The US has nothing but a bully in the Middle East, and listen to you little panzies scream like little girls when they fight back.

The US government is corrupt, you idiot, and if you work for them through the military service, you're nothing but a damned lowbrow piece of shit thug today.  That's all the military is now.  It's not a defense force, it's the thug force of the United States, and if you're duped into joining it, well, you were duped but nobody in the military is in the military to protect the nation, the biggest threat to the United States is the US Federal government itself, and that's who the military works for.

Sat, 04/02/2011 - 21:18 | 1128945 Rodent Freikorps
Rodent Freikorps's picture

All governments are corrupt.

Did you just find this out?

Sun, 04/03/2011 - 04:44 | 1129416 rich_wicks
rich_wicks's picture

All governments are corrupt.


Did you just find this out?

Oh no.  I didn't just discover that.

I don't defend it though, like you do, and I don't try to cover up for the fact that the only reason we're in the Middle East is to try to control it.  It has nothing to do with protection of of the nation, and I don't pretend it does, like you do.  I also don't give the government a free pass, like you do.

The only purpose of terrorism, from our government's point of view, is an excuse to attempt to get more control over Americans.  Fortunately, the US is going bankrupt.

Fri, 04/01/2011 - 19:57 | 1127010 Id fight Gandhi
Id fight Gandhi's picture

Eh, it really comes down to the Jews. Let them fight it out for awhile. Just get good footage as football season is over.

Fri, 04/01/2011 - 19:00 | 1126901 rich_wicks
rich_wicks's picture

(Reuters) - Afghan protesters angered by the burning of a Koran by an obscure U.S. pastor killed up to 20 U.N. staff, beheading two foreigners, when they over-ran a compound in a normally peaceful northern city on Friday in the worst ever attack on the U.N. in Afghanistan.

Yes, the pastor is so incredibly obscure our own media can't even name his name, but a bunch of people on the other side of the planet, who don't speak english, and over 50% of which have never even seen a television or an american newspaper were inspired by his actions to kill a bunch of people.

Because the one thing about US media is that it's not totally full of crap.  I mean, they weren't full of crap about the new economy, weapons of mass destruction, or the housing bubble?  The pinpoint of accuracy, our US media.  It's not just BS propaganda, right?  It's not has if, um, Mohammad Bashir is some quack reporter who is just pretending to have any clue what is going on and reporting BS as facts?  That would never happen in our media!!

Pravda was more reliable than our supposed media, so please stop sourcing it.

Fri, 04/01/2011 - 19:17 | 1126935 knukles
knukles's picture

So, "Jersey Shore's on." is not a valid excuse?

Fri, 04/01/2011 - 18:11 | 1126759 CaptFufflePants
CaptFufflePants's picture

Well if couples making $39,000 a year are getting a $54,000 tax refund then the Treasury may go bust sooner than later.

Fri, 04/01/2011 - 18:29 | 1126820 Calculated_Risk
Calculated_Risk's picture

"And some of the refunds it has seen range as high as $90,000.

A couple from Alabama, Tina and Kenny Thomas, recently adopted five kids from foster care and are now expecting a check for a whopping $65,000, thanks to this credit. Like the Wards, they had absolutely no idea it existed until they went to their tax preparer. "


Our tax dollars at work! hip hip hooray!!!

Fri, 04/01/2011 - 18:43 | 1126850 Rainman
Rainman's picture

Great Big Booyah !! this a great country or what ??

Fri, 04/01/2011 - 18:12 | 1126760 Precious
Precious's picture

U.S. federal politicians proved they have no better self-discipline than a drug addict.

They are simply a bunch of crack heads hooked on government spending.

Their cuts are drop in the ocean.  They simply don't get it because THEY ARE the problem.

Fri, 04/01/2011 - 18:12 | 1126767 TerraHertz
TerraHertz's picture

The best possible outcome for America would be for the Federal government to shut down, and stay shut down. Permanently.

Pass one final bill nullifying all existing Federal legislation, then turn out the lights when leaving.

Fri, 04/01/2011 - 19:47 | 1126987 thedrickster
thedrickster's picture


Fri, 04/01/2011 - 19:58 | 1127016 Id fight Gandhi
Id fight Gandhi's picture

I wish they would shut it down for a while and get some outrage. Maybe we can have some real change in this country.

Fri, 04/01/2011 - 21:37 | 1127173 Zero Govt
Zero Govt's picture

shut Govt down and a vast sack of steaming shit gets lifted from the nation

i felt the relief/freedom/karma very briefly in the 5 days we had a hung parliament post-election in Blighty while the Tories haggled with Liberals to form a Govt. The media said the civil service were managing things while the politicians struck deals.

But you know removing the windbags makes no difference to the direction of a nation, only how much of a relief it would be for society to have these parasites removed and their endless corrupt clown show and its constant farcical noise ...the peace and quiet alone would be worth it

these fuking turkeys won't vote for Christmas however.... so carving knives at the ready everyone, Christmas is coming  ;)

Fri, 04/01/2011 - 18:16 | 1126772 Rogerwilco
Rogerwilco's picture

And the toga party continues. Where is the vomitorium?

Fri, 04/01/2011 - 18:15 | 1126776 Yen Cross
Yen Cross's picture

Terra Hertz? Don't spread the light saving secret. They will off shore it!

Fri, 04/01/2011 - 18:20 | 1126786 Doug
Doug's picture

Right on, Rich Wicks.  In terms of all of our obligations it can't be more than a thimblefull.

Fri, 04/01/2011 - 18:22 | 1126791 LostWages
LostWages's picture

The can is now a 55 gallon drum full of cement.  Soon the fools on the hill won't be able to kick it down the road anymore.  Asshats!

Fri, 04/01/2011 - 18:25 | 1126801 AN0NYM0US
AN0NYM0US's picture



(great captcha Math question for this post)


zero plus ___ equal zero


Math question: * zero plus equals zero




Fri, 04/01/2011 - 18:27 | 1126815 Rodent Freikorps
Rodent Freikorps's picture

I got 1/ -0.0

Fri, 04/01/2011 - 18:39 | 1126847 Yen Cross
Yen Cross's picture

You must be hedged  Look at volumes in the trade. weak

Fri, 04/01/2011 - 18:28 | 1126806 hambone
hambone's picture

Politics, parties, change at the polls is a joke.  Democracy is an utter sham.

Fri, 04/01/2011 - 18:26 | 1126813 Dr. Engali
Dr. Engali's picture

What's 33 billion amongst friends?  it's jus a simple rounding error.

Fri, 04/01/2011 - 18:29 | 1126816 Drag Racer
Drag Racer's picture

this is priceless!!!

World collapse in 3 minutes...

Fri, 04/01/2011 - 18:34 | 1126830 Long-John-Silver
Long-John-Silver's picture

The Piigs debt is only in the Billions of Euro's. Our debt is in the Trillions of Dollars.

Fri, 04/01/2011 - 18:29 | 1126817 Long-John-Silver
Long-John-Silver's picture

Rearranging deck chairs on the Titanic.....

Fill your lifeboat with Silver and Gold.

Fri, 04/01/2011 - 18:30 | 1126823 Dr. Porkchop
Dr. Porkchop's picture

It's like watching the Harlem Globetrotters play the Generals... lots of spinning balls and a few laughs, but the same outcome every time.

Fri, 04/01/2011 - 18:38 | 1126838 Yen Cross
Yen Cross's picture

The red, white and blue stripes mesmerize you. OLD GLORY!

Fri, 04/01/2011 - 21:38 | 1127182 samsara
samsara's picture

That's the exact analogy I use to explain it.

More importantly,  BOTH team's checks are printed with the same company name on them.



Fri, 04/01/2011 - 18:33 | 1126829 Rainman
Rainman's picture

If .gov can keep this decade-long emergency powers gig going they might put a beat on Mubarak or Assad. Only a couple more decades to go.

Fri, 04/01/2011 - 18:33 | 1126833 Quantum Nucleonics
Quantum Nucleonics's picture

This budget debate is like 2 men arguing over a bar tab on the Titanic.

Republicans are setting the victory line at $61 billion in cuts when we are $1.5 trillion in the whole.  Democrats are saying any cuts at all will bring social apocalypse -- the same people that said Porkapoluza would create millions of jobs.

Fri, 04/01/2011 - 18:36 | 1126834 nah
nah's picture

$33 billion would include the relatively painless $10 billion of cuts that were already passed as part of the last two continuing resolutions



Fri, 04/01/2011 - 18:37 | 1126837 NidStyles
NidStyles's picture

HyperInflation here we come!!

Fri, 04/01/2011 - 18:42 | 1126851 GlassHammer
GlassHammer's picture

Can we stop calling what is clearly "posturing" a "budget negotiation"?

The budget and deficit are important but we have a rather long list of things in need of fixing.

The Wars didn't even garner this much dithering and they should have.  

Fri, 04/01/2011 - 18:45 | 1126861 victor82
victor82's picture

The AssClown GOP was burned to its core by Bill Clinton in 1995 by the last Government shutdown. They want to avoid it because they know that they will be blamed by the media, just as they were blamed the last time.

These guys aren't serious about spending cuts. They never were.

Rand Paul might be, but he's the only one. So, wonder what the Brave New World will be like after everything goes to hell?

Fri, 04/01/2011 - 18:49 | 1126871 Rodent Freikorps
Rodent Freikorps's picture

Chaos, or the slow decline into statist, socialist, grey mediocrity?

Wish I could see the future.

Fri, 04/01/2011 - 18:56 | 1126892 AN0NYM0US
AN0NYM0US's picture

you have and it is 'zero'

Fri, 04/01/2011 - 19:06 | 1126910 Rodent Freikorps
Rodent Freikorps's picture

Lookin that way...

Fri, 04/01/2011 - 19:49 | 1126990 thedrickster
thedrickster's picture

"slow decline into statist, socialist, grey mediocrity?"

"Wish I could see the future."

You just did.

Sat, 04/02/2011 - 03:57 | 1127575 John_Coltrane
John_Coltrane's picture

Rand Paul is serious about this and doens't give a damn about re-election as he has a real profession as a doctor.  He will indefinately filabuster the debt limit.  So, the only meaningful question is can 60 senators be coerced into ending the filabuster?  I think not.  At that poin the Senate will have to do major cuts and getting the house to "go along" will be quite easy.  Rand has no problems with shutting down the government for as long it takes to get a real budget freeze.

Fri, 04/01/2011 - 19:08 | 1126923 Buckaroo Banzai
Buckaroo Banzai's picture

Not raising the debt ceiling would NOT cause the US to default. Default = you can't pay the interest on your debt. But that "only" costs us $300 billion per year, which we could pay out of taxes.

Of course we'd have to stop spending on just about everything else, which would suit me just fine.

Fri, 04/01/2011 - 19:31 | 1126960 prophet
prophet's picture

I like that approach.

Fri, 04/01/2011 - 19:34 | 1126964 Quantum Nucleonics
Quantum Nucleonics's picture

How great would that be, watching the political class try to figure out which 50% of the budget to keep.  Too bad involuntary bankruptcy laws don't apply to state and federal governments.

Fri, 04/01/2011 - 19:22 | 1126943 hound dog vigilante
hound dog vigilante's picture

incumbents of all stripes (red, blue, tea) supporting this budget farse - and/or supporting an increase of the debt ceiling - are simply digging their own graves.

i am baffled by the fact that so many (pols, media, wall st.) are dismissing the most recent election as if it didn't happen... 2012 will be yet another rude awakening for these folks. incumbents supporting status quo deficit spending are toast. it's just that simple.


new paradigm:

motivated voters > beltway lobbyists


Fri, 04/01/2011 - 19:38 | 1126970 knukles
knukles's picture

I've the exact same reaction.... it's absolutely amazing that they've heard naught.
Granted, I wasn't expecting the landscape to change overnight, but this is downright ridiculous.
Our congressperson visits the local Rotary Clubs once a year.  Watchu bet that this coming year less than half the clubs even shows up?  Talk about loosing your audience....

Fri, 04/01/2011 - 21:33 | 1127169 samsara
samsara's picture

I in favor of requiring a "None Of The Above"  slot on every ballot in all elections.

Fri, 04/01/2011 - 19:27 | 1126953 High Plains Drifter
High Plains Drifter's picture

the tea party people are kind of upset i think. they feel they have been sold out. when will they ever learn? voting does not work and never has. its time to party like its 1799.......

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