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The US Deficit Panel Fails To Win 14 Votes Of Support From Obama Administration
According to Reuters, the US deficit panel's recommendation to cut the budget fails to win 14 votes of support from the teleprompter's commission. This means no deficit vote will go to congress. And so the bullshit continues: America will never adopt austerity until the revolt or the Fed's overthrow arrives.
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Austerity or revolt in the good ole USofA, what crack pipe you been smokin Willis?
Bread and circuses, my good Tyler, bread and circuses!
Maybe the asshat Joe Leiberman threatened fellow Dems.
Or is it fellow Repubs? Oh man, I can't keep up anymore.
Oh he's totally independant now. Totally.
Like, totally.
Yep.
Why should the US implement austerity? Afterall, as Ron Paul pointed out, the Fed can keep monetizing the debt spending until the cows come home. Of course, we all know how that will end but in the mean time our politicians can stay in office.
A couple of cows passed me this morning, they were heading north.
You mean south to Chile?
Exactly. It will be impossible to sell the need for austerity as long as Ben is inventing trillions of magic FRNs. The two are unrelated, the way Baldy Ben plays the game, but they need not be.
If even ten percent of the "stimulus" had gone to small business, we would have jobs, modest reflation, and even some innovation by now. Washington hates free markets, and is full of ignorant parasites, so they will continue to get everything ass backwards.
Trillions dumped into the banks, the states, and health care will only feed the beast. The Bernanke has lost it. As Dear Old Dad loved to say: Praise the Lord, and pass the ammunition.
I think austerity has been extremely prevalent these last few years, except among the banksters.
Must read vids.
[Swedish Prosecution Authority on Wikileaks’ warrant: Weird]
http://www.youtube.com/watch?v=SLy2UOaA0CU&feature=player_embedded#!
[Chris Hedges]
http://www.youtube.com/watch?v=bYCvSntOI5s
[Russ Baker v. George Bush: Family of Secrets]
http://www.youtube.com/watch?v=03ZkqfRsiRo
[The Federal Reserve]
http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded
[Media and Propaganda]
http://metanoia-films.org/watchonline.php
USSA either accepts austerity itself, or austerity will come by itself in disastrous other means.
No, austerity is what the BANKSTERS want.
Austerity is what the Queen is SCREAMING FOR
Austerity is anti-american
Austerity isn't needed
If you think so, you've been brainwashed, badly.
Only fucking idiots, believe in austerity.
Only BIGGER fucking idiots, will think austerity will have an impact that will heal things.
Austerity is forced, it does not 'happen'. Don't confuse two words together, otherwise you may be giving your 'consent' to two completely different and separate events.
Man do they have you fooled.
The Squid WANT you to have austerity forced upon you.
You actually WANT to give what the SQUID WANTS from YOU?
So many people, thinking they are patriots, it's amazing.
WTF are you muttering about, moron? 'Austerity isnt needed'? BWAA??
'Austerity' is already here, the country is bankrupt, and will soon suffer horribly. YOU have a lot of balls to go around calling people morons when you cant find your own ass with both hands and a flashlight to see reality right in front of your face! Its not a matter of WANTING austerity measures! It WILL and HAS to happen! DUH!
+1
Methinks Mommy forgot to change his diaper this morning.
Because of the lack of additional info, I am not sure what he (jmc8888) meant. However, I am unwilling to accept a situation where there is endless free money and guaranteed profits for the banks, and austerity for everyone else. If we're going to have austerity, first we claw back all the backstop money that's been poured into the banks, the $Trillion plus excess reserves, the MBS that the Fed bought, etc. Let's get back to where we're all on equal footing. I don't want a bailout, but the banks don't get one either. Mark-to-market accounting for all, or for none; if the banks can mark their assets to whatever numbers they'd like, then so can I. Transparency for all, or for none; if the banks and the Fed and fed dot gov can hide shit, scoff at disclosure and get away with it, then so can I.
With all due respect, fuck that, and fuck you.
I will accept austerity OF THE GOVERNMENT, THE FIRE INDUSTRY, AND ALL THOSE WHO WORKED, WORK, OR PROFITED BY IT.
If you and the rest of the sheeple accept austerity on the part of the people, I will shrug the hell out of the US, and wish you good fuckin' luck, because you will need it.
Absolutely correct: austerity for the little people, continued pillaging for the elites.
You are partly correct, but ultimately it is our "democracy" that has brought us to this place. The voters in this country, over at least the past 100 years, refused to fight the government and the creeping oligarchy that has infected it. We became accustomed to being taken care of, and now feel entitled to that care.
So, while we each personally may not deserve austerity, as a "democracy" we certainly do, and unless something really extraordinary happens, that's what we've got coming to us. We can mortgage our future only so much. It's too bad we can't mortgage our past.
Nonsense. The problem is not with the government, but rather the capture of our government by corporate America. It is not the government that has offshored millions of jobs, it was corporate America. They have bought off our government. Corporate money has corrupted our government. Get it out of government, and we regain control. We deserve fairness, not austerity. When corporations and the corporate elite pay their fair share, THEN I'll accept austerity.
If the government had zero responsibility in this, that would imply it has no power and thus there would be little reason for corporations to try to corrupt it.
I agree that there needs to be a separation of government and markets. But how do you propose getting the corporate money out of government? Who is going to go for that? The government itself exists as a growing thing, it wants to get bigger and bigger. As a government, it has the monopoly on the use of force. What makes you think it will not want to keep all that corporate money? The Alexandrian solution to this Gordian knot is not to just cut the corporate money supply, but to break the stranglehold the government has on the economy.
The belief that government is not the problem is naive. Without market-distorting government intervention, and economists who think they can control everything with a centralized printing press, there would be little appeal for oligarchic interests to take over.
The economy needs to be made more robust by destroying centralized control. The government is the ultimate enabler of the creeping fascism going on, because it's levered into every aspect of American business--most especially in its quasi-private/public monopoly on currency. There are no free markets in America because that's what government wants, and apparently that's what the voters wanted when they elected officials who chartered the Federal Reserve.
The government, with its monopoly on the use of force, has ultimate responsibility, and it has the ability to de-charter the Fed at any time it wants. It does not want to. So, we will get some sort of self-destruction - default, hyperinflation, revolt, etc....None of us wants this, but it's likely to happen because the people who are able to do something about it - our executive, legislative, and judicial branches - just don't want to.
Corruption is a two way street. You get rid of one supply of money, the government will go searching for another. With a money-printing machine, they don't have to look far.
That's funny,always thought we had a Republic. You know,where the majority couldn't vote to take things away from others for their own personal gain,read income tax,S.S and gubmint cheese.
“When the people find they can vote themselves money, that will herald the end of the republic.”
But alas I am only a lowly worker bee,that was educated by the State what the fuck do I know.
Marketwatch is reporting calls for QE 3. Yes, we will have .25% interest rates forever and more debasing of the currency. This makes gold and silver a very tough call...
Hah! Business as normal, just as we planned!
How about a bowl of bean soup and some freedom fries in the Senate Dining Room, get something in our stomachs before we leave early for that Financial Services, Health Care and Defense Spending Annual Christmas Stuffed Envelope, Booze and Hooker Party? Best damned bi-partisan deal ever come down the road.
America, destroyed from the inside by design with the acquiescence of the docile masses.
You know, I was thinking the exact thing yesterday as I watched a C-17 come in to land. We could never be defeated by an external force - it had to be internal.
Utilize debt to expand entitlements in order to soothe the herd, exercise a major demographic shift, and most importantly, control all media channels, and voila, a country completely exposed.
And people thought we could never learn anything from the soviets, nazis and chinese. See, we pay attention after all...
The American experiment was like a flash in the pan..wow what a ride its been! Its so wild to think about the rocket ship ride into the stratosphere..but alas gravity always has its way ,the tug of the hard earth is pulling gently upon the good ship America. This is the Wiley Coyote moment of animated suspension,next, what a ride down,because allcarnival rides must have an up and a down.A round and a round. The birth of America implied its death...thankfully its circular and some day,in a different way she will rise again..until...she doesn't. Or some shit like that..BUY THE FUCKING DIPS!
Next stop the debt ceiling vote.
It's a slam-dunk no-brainer.
(They hope.)
But wait...Bob Pisani put his faith in our Federal goverment ...as his spin on the bad employment report...LESS THAN ONE HOUR AGO. Something about the report motivating DC to do the right thing.
Guess we can put that thesis to bed.
bob piss-on-me is a complete T O O L
Did you see the segment extolling the job growth in fast food resturants. No kidding they were hyping the growth in resturant jobs. There is still plenty of work in the domestic service industry. Rebellion coming soon to a town near you.
Good afternoon Mr. Bernanke,would you like fries with your order sir?
LOL
Forget what 70+ trillion means, how about another exercise in what ONE trillion dollars represents?
What comes after a trillion?
1,000,000,000,001
lol
Another trillion
i just registered quadrillion, quintillion, and sextillion.com
That should cover us for the next decade or so.
contraction
1408
29.37
30 000
79.413
who cares....the gold ring rules all
And in the [fiat] darkeness, bind them.
The Golden Rule:
S/He who has the gold makes the rules.
Put JPM in trouble: Keep buying physical silver.
I was just reading this elsewhere...so Obama had some magical plan to cut $4 trillion from the defecit? Of course the article gave no details as to how such a feat would have been accomplished...I assume vast amounts of white-out.
Or the plan was to confiscate every pension, 401k, and other retirement 'assets' they could get their grubby mitts on?
Truely pathetic times we live in, MY life and future rests upon the docile dumb avg american masses? Hell with this.
+ 1400
"vast amounts of white-out"
awesome
So, does this mean Congress will NOW work on a budget? They were waiting after all...
This should be a bigger story on "Business" Networks
This should be a story on "Business" Networks
What business networks?
“We've all got to work to restore business confidence...but I believe that longer term we may look at Enron as being a positive as opposed to a negative, ... It may lead to greater transparency.”
- Henry "The Hammer" Paulson
“Investment banks are increasingly using their own balance sheets to extend credit to clients, to assume market risk on their behalf and sometimes to co-invest alongside them. Investment banking serves as the main initial point of contact with all of Goldman Sachs for our clients.”
- Henry "The Hammer" Paulson
“As a public company, Goldman Sachs will have the financial strength and strategic flexibility to continue to serve our clients effectively as well as to respond thoughtfully to the business and competitive environment over the long term.”
- Henry "The Hammer" Paulson
Shocking!
To infinity (debt) and beyond!
Austerity at this point is a little silly. Already totally bankrupt, no real sense in cutting back before defaulting. After all it's not like we can even get the deficits under control much less talk about climbing out of the pit.
An 'event' will soon happen overnite and americans will wake up to find empty pension and 401K accounts.
Bwahaha, they will find very little in my 401k to confiscate. I stopped contributing and took half out as a loan, put the other half in the "safest" option and cashed out the other three plans I had from previous employers. With the FRNS I bought beans, bullets, bandades, bullion and built a cabin. Screw them.
There's a deficit?
Was a budget ever passed? I remember this past summer Pelosi sat on bringing it up for vote, maybe because she couldn't get a budget passed that no one knew what was in it until after they voted on it.
Two words..."debt ceiling."
No, a budget was never passed this year. The excuse given at the time was that the government was waiting for recommendations from this deficit commission report to formulate a budget.
Right, we've been running for months on no passed budget, just another unheard of thing 1 of many in an 'all is well' nation.
Back when I was a kid, when they didnt pass budgets, the goverment shut down....Seems like such a distant memory. The politicians have been able to chess board them selves into a postion of having a budget, but not needing to vote. They are not quite there yet, but this debt commision is a step in the cruise control direction. They were waiting for this commision. Since the commision didnt pass, they will conduct another investigative committe and will not vote until its outcome. In the mean time dems and repubs can take shots at eachother over this and that, while behind the scenes they marvel at their handywork of zero accountability. They get a working budget which no one has to vote for and just pass emergeny measures as they come up.
I think they call it deem and pass. They deem the budget as passed to continue w/out shutting down government.
I tried to deem my mortgage paid off but the mortgage company disagreed. I told them to ask Pelosi.
Excellent analysis - sad but true.
Did we expect anything else?
The President required 14 of 18 to bring this to a vote in Congress. He knew the ideas they came up with would be too divisive to get that majority. It's nothing more than a charade. Fuck you, Washington.
Well after all, he did appont the best and the brightest still wallowing about the public trough, knowing full well that regardless of consensus recommendations, political predispositions would doom the necessary predetermined threshold vote.
Charade, indeed.
Business end of Bread and Circuses.
Now, when are those Cops reruns on? I wanna see the dude with the mullet tazed in the nuts again.
"Infinite Fiat/Wash, Rinse, Repeat-ist."...
Rasputin - Sat, Nov 13, 2010 - 02:55 PM
...because, as Ras has carefully documented, as long as we remain trapped in the:
1. Fiat currency
2. Fractional reserve lending
3. Central banking
4. Securitization and derivatives
...hamster wheel, then we will continue to suffer periods of booms,
followed by busts, followed by "Wash, Rinse, Repeat", followed by...
Well, you get the idea.
So, to pick one part of the cycle or the other is to miss the big picture.
Right now the deflationary mindset of the sheeple is being fought
tooth-and-nail by the Uncle Thugs and Central Bank Politburos of the
world.
Are the sheeple finally being shocked
from their slumber and DEMANDING an end to the "Ponzi Pyramid of Debt
and Derivatives Death" monetary system that got us here in the first
place? Surely the lambs have taken time to study prudent monetary
principles and are insisting on an end of the fiat currency/fractional
reserve lending/central banking frauds that serve as the underlying
cause of this mess?
Nope. Wrong again.
The Great Unwashed Masses remain just as stupid and lazy as ever,
have NO CLUE how our monetary system operates and wouldn't know a
fractional reserve lending formula from an apple fritter. Furthermore,
they are so pre-occupied with NASCAR, NFL Fantasy Football and Apple's
latest Gimcrack, they don't have time for such "trivialities" as dealing
with our very economic foundation.
(Ras Conclusion): And now perhaps the readers of this board
can begin to understand the frustration of a long-ranting Ras. After
thirty years of screeching "This will have to change or we're
scroomed!", then seeing the "Great Collapse" take place, THEN seeing:
ABSOLUTELY NOTHING CHANGE FOR THE BETTER
...it still took a Mad Monk nearly two years before he finally
started admitting defeat against the "Infinite Fiat/Wash, Rinse, Repeat"
cycles perpetrated by the Alpha Thugs on the clueless sheeple.
However, now Ras is conceding that he has been vanquished. That
Uncle Thug and the Fed have successfully hijacked the entire U.S.
economy. That the sheeple not only don't care, but actively cheer on
this Thugocracy.
And there is nothing a small, weak--and completely ignored by his Boomer peers--Rasputin can do about it.
"But any minute now, I swear..." you retort.
LOL.
Yeah, right..........
Good post. Keeping hanging around here, junks or no junks. +1408
But . . . as Zhou Enlai said, when asked what he thought about the French Revolution, "Time will tell."
Hey is that guy dissin' apple fritters?
Agree. I like the post. I try to talk to people all the time, and get ignored and ostracized for being a cynic and chicken little.
There are lots of folks that are at least dimly aware that somethin's just ain't right about the World, but throw up their hands in despair about "fixing" the system. After the Great Implosion, it's up to the handfuls that really know what's going on to steer the Ignorati away from the killing floors. Put your oxygen mask on first, then save as many as you can -- the zombies are coming! :(
change economy to market then I agree 100%.
They are not close to the same relation as even 10 years ago.
The market and the trader/scum that exist to pillage it are fine and we will remain so as far as I can see.
However , the economy and those 40-50% that have to live in that shithole are F**KED until they die.
Sad, but true.
I don't maybe completey agree, but...
Good post.
Game on.
And eff the junk-n-runners.
"But any minute now, I swear..." you retort.
I like apple fritters. Lies and thuggery, not so much.
The other day I was down in North Carolina visiting some family. These are what you call street people. A distant nephew was 24 and going to community college for music. I was discussing the banks and he knew almost as much as I did just not as much financial details.
You are wrong that the people aren't getting it or are too lazy to do anything about it. The problem is the mechanisms for altering how our government operates have also been corrupted, like being forced to play inside a sand box. When the American people say no to bailouts and awful Healthcare taxation bill and the government passes it anways without holding any of the bad actors responsibe, it is becoming evident to the people they are no longer living in a democracy.
Which is the bigger concern - the deficit, or the fact that Uncle Sam is spying on you w/o a warrant? http://www.wired.com/threatlevel/2010/12/realtime/
I vote for the latter. Are we slaves to the state? If not, when?
Wow. Thanks for the link.
That sucks! All the more reason to stop using credit cards but we shouldn't be forced into going stealth.
I use a debit card for gasoline puchases everything else cash or money orders.
I had refused to sign up for grocery store cards as a matter of principal. I recently broke down and signed up for one, using entirely bogus info. If you have those cards, you may want to cut them up and sign-up for them only with bogus info. When the Feds become your doctor, you don't want them penalizing you for your long-running Oreo habit...
Of course, by then giving false information to a grocery store will be a Federal crime.
My local Safeway - and apparently the Feds - think I am one Tyler P. Durden.
And if that isn't bad enough, how about child services showing up to a bloggers house under the guise of suspected "child abuse" just to ask questions about whether you have food stored or have solar panels, among other questions? WTF is going on here???
http://sherriequestioningall.blogspot.com/2010/12/is-govt-trying-to-find-out-who-has-what.html
WOW... thanks for that link!! talk about a WTF moment..
Without deficit spending, the government would have a difficult time maintaining its ever-more-intrusive growth.
How much smaller would the federal government have been without a central bank to monetize the debt with fiat currency (or just out-of-thin-air ledger entries)?
The plan you mentioned was clearly stated in your second paragraph.
What is done is done...cashing out my IRA before end of year and buying physical...
Fidelity has come up with every bullshit way of trying to keep me from:
1) Selling my stock options
2) Transfering my money to a "safe" bank
3) Cashing out my IRA
By suddenly being concerned about "unusual and suspicious" activity in my accounts AND therefore locking me out over 4 times in the last 2 weeks?
Each lockout requires a call to the "risk management" division which then proceeds to question ME in why I am doing what I am with MY MONEY?
Look out folks...forget "bank holidays" and beware of a "cyber attack" excuse coming soon.
My mother requested to liquidate her portfolio in July and they pretty much refused to do so until mid-Oct. Vipers and thieves.
Your experience is the same as mine. Anyone who claims you are nuts has not tried to get their money out of one of these accounts. IRA's, 401(k)'s, savings bonds, Flex spending, etc. Those claws do not want to part with your money and do anything they can to make it extremely difficult for you to receive your own money.
Dr. No,
This is true, especially of 401k plans.
What we did was take as much as the plan would allow us to out and paid our 10% tax penalty.
The rest (20k) we loaned to ourselves based upon plan rules, and are *slowly* paying it back. If we should choose to move employment before that is paid back (I chose a 30 year timeline), then it will count as a distribution on the unpaid loan balance.
Then we just have to pay the penalty on that amount. And we can roll the relatively small portion that was paid back monthly in our paychecks to another type of fund, or take it as a distribution due to job change and pay the 10% penalty.
It's not complete freedom, but there are ways to get access to the bulk of your 401k money if you are determined. Of course, each plan agreement is different and you have to read the provisions to know how draconian your plan bylaws are.
Maybe an IRA are easier. I transfered my 401k balance when I was laid off to an IRA with Scottrade and have made several withdrawals since then without any problem.
pazmaker...that was my IRA I was referring to...not my 101K, ooops...meant 401K
Reminds me of a couple years back (before the crash), I was literally arguing with the agent about "my" money. Glad I left my prev. co. so I could pull it out of Fidelity.
Fast-forward to now: have Vanguard.. it's not the co, but the total lack of flexibility you have with the 401k. You can buy any combination of stocks & bonds.. but nothing beyond that. It's all bullshit.
That's why my contribution is 2% and I have a little as possible in "the company's" 401k. My sense is the IRA as we know it will be harvested for uncle sam's purposes at some point. Pretty sad..
Thats why theyre so concerned about keeping stocks pumped, for the 401K harvest soon.
Quadrillion -- the breakfast of champions.
Of course the Deficit Commission report was mostly bullshit (we'll cut $200B and then a miracle happens), so Obama throwing it under the bus is no great loss.
-----------------
What the ingenious Amerikan gov't has discovered is that there is an inversely proportional link between austerity and war.
They have North Korea to solve all they're austerity issues.
Cue on the war machine!
There are not enough politicians in the US with the guts to do the right thing and curtail spending. As along as The Ben Bernank will monetize the debt for them, they view it as easy money.
The more I think about it, The Ben Bernank reminds me of Grima Wormtongue from the LOTR series...
why am i not suprised?
business as usual until it breaks down...thats it.
Gridlock comes one month early! Merry Fscking XMas!
the FED won't stop spending until they have to.
as long as they keep selling bonds there'll be no stopping it.
my .02
Thing is, the FED isnt really spending, theyre buying. For control. Check the battle of Waterloo, where 1 man Rothschild did a bit of lying in order to buy the entire England markets overnite for a song, then reversed the rumor of Englands defeat the next morning. Same shit, different century.
Wasnt the 'big plan' also hinging on raising taxes 5% ? Looks like thats DOA as well now too, with threats of 'markets set to CRASH if they dont vote on this by 15th' and Boehner stating dems are wasting their time pushing this. All musical chairs and there seem to be no remaining seats.
adding silver.
did anyone think this had any chance at all? Like Goolsby said we will never practice austerity.
And we shouldn't, ever.
If we do, it's anti american
If we do, it's because we decided to be stupid, and take the 'easy' way out. Just cut things and be done with it, like the European overlords are saying.
Whats your SOLUTION! Ive told you mine!
That thing was a joke anyway. It was mostly tax increases. Anything that leaves DHS, TSA, and the Department of Education funded is not a serious deficit reduction attempt. They need to get serious and quit pushing these garbage bills out that do nothing.
Sorry you are not still in reality.
It was ok for what it was , a small almost imperceptible step and that is fine, but we can't stomach even this most minor of acts.
You prove the very point that most Americans have no idea where this thing is or they would be storming the meeting room to get that thing enacted NOW!
I doubt Americans would be 'storming' any meeting rooms demanding increased tax burdens and additional financial pain. This deficit reduction 'project' was a steaming, pulsing, pile of bovine fecal matter.
All 'suggestions' and 'unfortunate but needed sacrifices', focused on shanking the middle class in one form or another. Not a single drop of pain for the slime-encased parasites who enabled (and benefited from) the gutting of the Republic.
Any mention of stopping the hundreds upon hundreds of billions we regularly send overseas in recreational military expenditures and foreign aid? Any mention of eliminating the DHS/TSA/Department of XXXXXX anywhere in this ridonkulousness? Any whisper of immediate cessation of earmarks, bank/indsutry bailouts, foundation grants, subsidies, etc?
Of course not. Repair of the damage caused by this den of vipers and thieves must be achieved on the backs of the little people.
Let us eat cake, indeed.
Who cares. Dept of Education is needed.
There is no reason for serious deficit reduction. (it's a monetary account)
Wow, you are an american traitor, who thinks he is a patriot. Amazing, simply amazing.
Go back to England, or Austria, where you belong. You surely aren't American.
Or if you ARE, or WANT TO BE, realize how 180 degrees wrong you are, and change. If not, leave.
Dept of Education is needed? No its not. Education since the Dept of Education was invented has never been worse! I say education should be the responsibility of citites and counties...NOT the Federal Gooberment who couldnt run a fukin lemonade stand for a day without it creating $5 billion in new debt!
Is it just me or is he crazy?
Agenda. The trolls count on the fact that newbies and those that don't sign in can't see the junk tally. Trolls might as well be considered regular ZHers as far as anyone knows. The many trolls I have observed behave for a time, then flare up suddenly, disappear for weeks, flare up - interesting pattern. I should have created a running list with links to posts that would enlighten the curious.
lol, oh that's precious.
Precious Metals and some commodities to the moon, sheesh, thanks Benny!
Obama conveniently leaves town for Afghanistan instead of pushing for the Deficit reduction plan.
Perhaps he can shoot Karzai while he's over there. That would save us a couple of billion per year. Maybe if he ends this ridiculous war we could save $100B per year.
$100 billion per year for that war, $40 billion per WEEK for Bernankes war on the american people thru POMO.
100B X 3 or 4 at least.
the out year costs of this and Iraq are sick!
What's kar ever done to you?
You have the wrong target.
Kar works for you when he is stoned else not so much.
Kind of hard to shoot him via video conference...
"Bad weather is forcing to the president to shorten his trip and to conduct his talks with Karzai via video conference from the air field. Rhodes said the administration isn’t concerned the meeting won’t be face to face because Obama and Karzai talked at the NATO summit in Lisbon last month."
http://www.bloomberg.com/news/2010-12-03/obama-arrives-in-afghanistan-on-unannounced-visit-for-talks-with-karzai.html
We are looking for deficit reduction from a president who flies to Afghanistan to have a video conference from the tarmac...way to lead by example Mr. President!!!
What a mess!
That's all I have to say!
At the end of day when all this does come to its ultimate conclusion J6P and friends are going to be totally flabergasted. They will have had no idea, especially with a media selling them bullshit day after day.
Darling, why are those repo men here? Sorry dear, lost everything at the casino. Didn't want to worry you about it till now.
So... is Austerity a bad thing, or a good thing?
Or is austerity bad for Ireland and the EU, but good for America? Many EU nations are larger welfare states than the USA does. Should the size of the welfare state determine whether it should stay, or go?
What is it, Doomers?
Do you know what 'austerity measures' are? Cant tell if you do or not from your post.
It's a bullshit unneccesary thing that will kill people so they can merely 'attmept' to pay the banksters. Not enough to fix the problem, just enough to keep alive another day, so they can force more austerity, and kill more people for banksters.
It has nothing to do with fiscal responsibility. It's about paying off the banks at ANY COST.
It's bullshit.
Especially when you look at WHY we owe money, and it's fraud.
Duh? Keep saying 'its unneccesary'...YEA it should be! However, the US is bankrupt to the core and VERY tight times are coming soon! Keep saying its all not needed and unpatriotic or whatever...but show me ANY way around the coming 3rd world US! What are you going to do to reverse it? Revolt? Sounds good to me, but you dont suggest any way around it otherwise!
yhwh -
You miss the point fool.
Austerity is not a "good" or a "bad" you simpleton.
If it is a free choice.
You and your fascist friends NEVER GET that part of it.
Americans are perfectly willing to accept some sacrifice to get our fiscal house in order!
As long as any cuts exempt children, the elderly, soldiers, veterans, cops, firemen, union members, pensions, the arts, education, food stamps, welfare, Medicare, Social Security, defense...
Haha
+1
As if that is the question to ask. Quit thinking like a stupid monetarist, or else you'll get stupid non-functional answers. Thus be lead down the wrong path, and at the end of the day, be tired, hungry, and not have a damn thing to show for it. Yep, that's what YOU'RE doing. Realize it.
Your way, won't fix shit.
Quit being a fucking retard and learn to read/appreciate sarcasm.
Or keep calling people traitors and pretending you define "patriotism," asshat.
No need for austerity. Austerity is the George W. Bush way of running presidents, and we all know we can do better than W.
Austerity is like the kid who scratches his butt and then sniffs it.
Austerity is like kicking a man while he is down
Austerity is like saving money your whole life and then dying before spending it
Austerity is death for the people, so that more bailouts can go to the banksters. (or to pay for past bailouts)
Let's face it, we've had 40 years of bailouts, tax cuts, defense spending increases, DHS, no capital investment, etc, etc. Of COURSE we can't balance our budget under these scenarios, and ESPECIALLY NOW that Monetary account of the federal reserve is hyperinflating.
So if the federal reserve is hyperinflating ITS monetary accounts, what must the governments monetary accounts be forced to do as a result? PAY MORE FOR WHAT IT DOES
Almost ALL of the 14 trillion in debt is BULLSHIT. We either didn't need it, weren't given anything for it, or it was stolen from us through fraud.
Simpson/Bowles Hitler/Hapsburg/Fascist/Rand Paul/NerObama thinking isn't good, it's anti-american. An austrian, in the end, can be just as bad, as a keynesian. After all, BOTH are MONETARIST schools. Rand 'Hapsburg' Paul and his hitler ideologies should get NO play.
Their whole thing is let it collapse, AND DO NOTHING. Which of course, is FUCKING INSANE. In fact, if W presented it, everybody would be laughing hysterically at how short sighted, and complete lack of thinking things through that such a proposal would be. But Rand gets a pass for not thinking? Oh yeah, we're talking about the dipshit, easily controlled and lied to TEA 'nuts in your face and sperm up your nose' Party...a wholly owned and controlled subsidiary of the Queen of England.
Why have austerity? Becuase we were screwed? Because we were defrauded? Because it's legitimate to kill people to pay for bankers? No, NO, and HELL NO.
American (Hamiltonian) Credit System (you know, what we STARTED WITH, isn't that what Tea 'nuts in your face party is all about...getting back to basics, well Rand 'Hapsburg' Paul won't get you there. He's a fucking bonafide idiot. He's a creative destructionist, a shumpeter, a NAZI fascist. Oh, so maybe he doesn't wear a swastika, but when both YOU and the NAZI's read the same people, and believed many of the same root ideologies, like killing people for business $$$, then yes, you deserve the name and likeness to HITLER.
Of course, bad things can happen when things collapse, but that isn't forced austerity. Of course, we don't need to have things collapse. Oh, certain things will, like derivatives, and mbs, but that doesn't directly effect anyone. Banks can be reorganized without the debts,. and new management can be brought in. It is NOT hard to run a bank, especially without all the squid shit.
Austerity is such a joke. It won't fix the destroyed system. It won't keep it alive for much longer. Cancel social security to pay for a few weeks of keeping the banks open? Sound like a good trade, it's the best one you'll get.
When will people realize, that the reason things are fucked up, isn't because people forgot to budget, it's because the things people used to do to budget, don't work anymore, because the federal reserve is HYPERINFLATING it's account.
You can't balance hyperinflating MONETARY accounts.
Alan Simpson, a traitor to the U.S.
Erskine Bolwes, a traitor to the U.S.
Everyone on that commission is chasing a red herring. The entire debt commission is a fucking Red herring, in federal reserve hyperinflating monetary account bizarro world.
So if you preach on being a hapsburg, just realize, you ain't no patriot. No Hapsburg has ever been a patriot. Sorry Rand, you simply don't qualify. Just like Jefferson Davis doesn't. Like you, he preferred the British way of things as well (which is the #1 reason for the civil war...monetarism)
'No need for it'...keep rambling on with that line, now try to show some way AROUND 'austerity measures' which simply means taxing the crap out of everyone and taking what theyve got.
Keep stepping in here with the 101 basics of whats going on, what are you going to do reverse the coming train wreck? Shut down Wall St for a month with millions of people blocking the whole place? I'd BET you'd say 'Nah that cant work'. Almost guarantee it! So lets hear your solution!
Basically your long post says 'Austerity is BS, we dont need it, its the bankers fault'...OK divert the coming pooring of america lets hear your solutions!
You 2 have been arguing quite a bit.
Here's the real answer for the problem:
DEFAULT
Yeah, let's have the J6P solution: not bread and circuses------beer and apple fritters.
You lost me at jmc8888.
Thank you, I was getting sick of all the bankster apologists around here.
But I'll tell you what I'm even more sick of, people in their 50s-70s who wrecked business in this country by taxing and outsourcing, suck down government services, and have the unmitigated gall to tell my generation that there's no money so we'll have to do without America and oh, by the way, it's all about personal responsibilty you dirty communist.
You forgot to be ill over all the Progressive/Socialist clamoring for more Govt to "Solve" America's problems!
Yeah, no kidding!
What? Sources, please.
And? You think by defaulting we're going to escape hard times? I'm all for killing TBTF, negating the bailouts, ending the Fed and the fiat system, regulating fractional reserve lending, etc., but to get back to solid ground we have to pop the bubble we're sitting on. Having a controlled landing is pretty unrealistic.
Otto the autopilot is deflating, the Bernanke's lungs just aren't up to the task...
We live in 2 separate economies.
After all these years of trillions printed and shuttled around, have you seen ANY impact in YOUR local economy. We are talking trillions after all. In my county in California, there are 2 road projects with a total of 5 miles worth of construction care of "the Stimulus." That employed what 500 people for 12 months? Other than that nothing. All these BLS, ISM, CRE etc. ... Is there any independent and insightful information being put out by anyone that has any level of credibility anymore? These assholes have cried wolf so many times that the dam really could break and nobody would pay attention. If perception is reality, then reality is disconnected from all these charlatans and their spin.
Stop being a passive investor. Take your cash to you local community and invest it a real business on the ground, or move to an emerging area and start over. The Fed and its shareholders run everything to their profit and control. The only way to avoid their damage is to get out of these markets, own things in an untraceable way and hope they don't come for you. If Corporate insiders are selling at 2,000:1 ratios that should tell you something about the future.
For America, you can't have a macro economy with unemployment so high or long and uncharted.
Political terrorism, plain and simple.
Gotta love the MSM:
Debt plan draws bipartisan support
http://money.cnn.com/2010/12/03/news/economy/fiscal_commission_vote/index.htm
How about it fucking lost.
Austerity... Everytime I hear that word it means austerity with society, with the poor, with infrastructure, privatizations, layoffs for state/federal workers, union busting, reduction in health insurance, reduction on pensions, etc...
It never means cracking down on banks, on speculators, on the real leeches of wealth. No, it's always the unenfranchised who have to pay for the caviar of those with "privi-legos".
Austerity measures was blown and directed towards pumping up the markets instead of voting on a budget. You cannot vote on a budget when they voted on the Bernankee Put. That a two way street, and we cannot have that.
Austerity is such a funny word.
Having no food to eat because there is no oil to fuel the trucks that bring it to your grocery shelf is a pretty austere situation.
It's like calling a plastic bag tied around your head "respiratory difficulties".
Oil's depletion will bring starvation. It's coming. You're dying. Soon.