US More Bankrupt Than Ever - $83 Billion April Deficit Is Record For The Month, $30 Billion Worse Than Expected As Tax Receipts Plunge

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Wed, 05/12/2010 - 14:14 | 346894 Turd Ferguson
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Wed, 05/12/2010 - 15:02 | 347122 w a l k - a w a y
w a l k - a w a y's picture

I don't understand how record federal monthly deficit could be construed to be a short squeeze.

Could you please explain the basis of your favorite acronym in this context?

Thu, 05/13/2010 - 01:18 | 347235 Votewithabullet
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Turd trying to start shit. Reverse Harry Wanker. Try to short squeeze someone who spends 1/2 TRILLION EVERY YEAR on their military. FAIL. Metals can be manipulated and helicopter ben will use the blades on his chopper to give GG a haircutt. Not saying I agree ...just saying.

Wed, 05/12/2010 - 14:14 | 346897 Sudden Debt
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I actually thought the little light at the end of the tunnel was a firefly...


Wed, 05/12/2010 - 14:19 | 346922 Pladizow
Pladizow's picture

Nope, its the train coming towards you.

Wed, 05/12/2010 - 20:34 | 348019 WaterWings
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Standing ovation for Pman.

Wed, 05/12/2010 - 14:22 | 346940 Postal
Postal's picture

Pretty firefly! :-)

Wed, 05/12/2010 - 14:31 | 346996 Crab Cake
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Just keep swimming.  Just keep swimming.  Just keep swimming.

Do you see anything?

I see a light....

Wed, 05/12/2010 - 15:17 | 347171 docj
docj's picture

It's so... pretty.

Wed, 05/12/2010 - 15:21 | 347185 Howard_Beale
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Ben at the printing press mug at the ZH Fundraiser Store:

On the mug: Deficits don't matter, until they do...

Wed, 05/12/2010 - 19:38 | 347884 Rider
Rider's picture

Why it does not have the ZH logo??!

Wed, 05/12/2010 - 15:21 | 347182 oklaboy
oklaboy's picture

with 1.6 million layoff scheduled for 7/15, they are the search party!! no worries, all is well...

Wed, 05/12/2010 - 17:14 | 347504 perchprism
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Are you serious?  Who is planning a 1.5 million layoff?

Wed, 05/12/2010 - 19:55 | 347943 Hephasteus
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Every state and central government on in the western hemisphere.

Wed, 05/12/2010 - 20:33 | 348016 Landrew
Landrew's picture

Census workers terminate starting July

Wed, 05/12/2010 - 14:15 | 346898 assumptionblindness
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Medicare spending up 39.4%?!   WTF!!!!!!

Wed, 05/12/2010 - 14:19 | 346921 Sudden Debt
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Obama said it was ALL FREE and FREE FOR ALL! :)

Wed, 05/12/2010 - 14:27 | 346976 assumptionblindness
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'Free for all' is completely accurate...

Wed, 05/12/2010 - 15:22 | 347189 Howard_Beale
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You all have it wrong!


Thu, 05/13/2010 - 03:41 | 348540 dlmaniac
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Wed, 05/12/2010 - 18:03 | 347620 TheGoodDoctor
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Queue the Nuge!

Wed, 05/12/2010 - 15:56 | 347292 Missing_Link
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It's true!  He said it was free!!!  And the magical unicorn he was riding said the same thing!!!

Wed, 05/12/2010 - 16:07 | 347322 inflation.stude...
inflation.studentloan--0's picture

can't believe you're calling Hillary a unicorn.

Wed, 05/12/2010 - 16:38 | 347397 Defiant1968
Defiant1968's picture

Speaking of free health care - I just got back from trying to do a walk-in to the VA hospital here in Atlanta - Big traffic jam outside with no parking available - went to clinic - long waiting line - did not get to see a doctor so just decided to do the bloodwork and left - I'm wondering what it will be like when the Iraq and Afghanistan Vets come home (if ever)



Wed, 05/12/2010 - 18:01 | 347615 kwvrad
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Speaking of healthcare, I did my usual 6 month round with my doctors, which Ive been going to the same ones for about 7 years now , all 4 of them said they are throwing in the towel in the next 18 months or less, they simply cant make money with OBAMA care happening, things are so bad now , just wait we are going to have a shortage of doctors that will boggle the mind, not convinced? If your on good close terms with your doctors, ask them yourself about their current state and future plans you'd be suprised.

Wed, 05/12/2010 - 19:02 | 347657 hedgeless_horseman
hedgeless_horseman's picture
  1. Last month Medicare dropped all reimbursements to physicians by 20%+
  2. Physician reimbursements from essentially all insurance companies (BCBS, United, Humana, Aetna,, etc.) and all .gov racquets (CHIPS, Medicaid, TriCare) are based on Medicare rates, such as 110% of Medicare, etc.
  3. Your doctor just had an 80% cram down on his or her entire revenue stream, thanks to Washington
  4. The insurance companies, hospitals, pharmaceuticals, and device manufactureres all have much, much, better lobbyists than the sad doctors who thought they would all be driving Porsches and golfing on Wednesdays.   Maybe they should have gone to Harvard Law or Wharton?
Thu, 05/13/2010 - 11:59 | 349290 jmc8888
jmc8888's picture

Exactly Obama care is a farce of farce.  It isn't healthcare, it sure isn't socialized medicine, and it sure isn't paid for by yourself medicine.


It's just extend and pretend on the human level.  Screw the doctors, hand slap or less the big drug and insurance companies.  Take their death panels and instead of making them illegal, decide to implement your own, but it's much worse with Comparative effectiveness research and all manner of bunk statistics, incorrectly interpreted to show that a procedure that can save your life, is in fact a waste, and will not work. 

The system was going to fail anyways.  Now when it fails, they've got their cost cutting structure in place.  Genocide is free ya know.

America can afford whatever it wants, except monetarism.  With monetarism, no way you get a sound healthcare.  Especially when monetarism is crashing.  We can afford single payer, if we weren't playing the banksters monetarist games.  We also could have a system where people could afford to pay for it themselves.  But too bad we have monetarism, which makes either impossible.

Nowhere in the Queen's NICE modelled after T-4 from 1930's Germany are there plans nor logistics for increases to medical care.  No new schools, no new hospitals, no or little new research funding, etc, etc. 

Already a couple of hospitals here in the PHX area won't accept medicare patients, which could be a problem, since people come here to retire.  My guess is Florida and others will be hit hard as well.

What Obama doesn't realize is that he can't cut 30 percent out of everything, when costs are going up by 12-13 percent a year, and not have a genocidal situation.  But since Obama is an idiot, just like the queen's bankers tell him the numbers work, so do the queen's healthcare people. 

What we instituted was the British offshoot of the T-4 program.  Not applied to same way, we all can be undesribles now....we're all equal to suffer now.

Just watch.  Just like the economy, the healthcare, and ANY conservative alternative, is a farce. (that is if the conservatives have the balls to put anything forward...which they don' least and keep a straight face)

Everyone deserves healthcare, period.  The only supply shortages come from poor planning, monetary concerns.  It's that simple.  It's not hard to build more defibulators, or build more hospitals.  Prescription drugs? C'mon...they're in stock at thousands of pharmacies. 

But like the above guy says, once the doctors are gone, there will be a REAL shortage.  So why not some new nursing schools being funded to open? Because Obama doesn't really plan on delivering more care. 

But in reality you should feel lucky, the republicans would never of done crap about Healthcare, and would let its costs outstrip your ability to pay for it on your own, and done nothing.

We needed change in our health care system, just not Obama's/Queen's/T-4.  Funny how we passed something the Heritage foundation wanted passed as a compromise ~1990.  Now the idiots think it's socialism.  Nope, it's corporate fascism.  Obama took a republican think tank plan along with the Queen's N.I.C.E. idiot board, and passed it. 

Just wait until the crap hits the fan, and what great timing, it should be hitting us in the midst of an economic depression from hell.  You think you're going to get congress to repeal that when they are most in hock?  Good luck on that.  Merely that's the point the queen whispers that you'll be solvent if you cut x, y, z from your medical system...and look this bunk research says it's not worth it.

But the absolute worst is the percentage game that's was passed in Obamacare.  They will only pay you for outcomes.

Well guess what, a good cancer procedure may 'cure' just 20 or 50 percent of people.  So what that means is if you have to do a treatment to 100 people and 20 or 50 survive, it is working.  But if you tell the hospital you will only pay for the 20-50 that survive....what will the hospital do?  Raise prices, sure.  Will they deny treatment? Sure.  So what happens when they do that? You mean besides people needlessly dying for the bank bailouts?

Simple.  If you have 100 and say 50 survived.  Now since you're only gonig to be paid for 50, you are only going to do 50. 

But it only cures half the people? So if only 50 get the treatment only 25 are going to survive, and get 'paid for'. 

So then you got paid for many are you going to do? 25. 

So out of 25, how many are going to survive 12 or 13.  So on and so forth.

That's your denial of care.  You don't even NEED a deathpanel to look at bunk research.  Not to mention you have a deathpanel that will be constantly looking at bunk reserach to discountinue things.  Oh  mammograms not needed until 40, no self-checking breasts or nuts.  Don't have medical screenings. 

These guys are idiots.  They'll kill people, and STILL won't balance the budget.  Because that's the game of monetarism.  We'll NEVER be out.  Monetarism is like paying the monthly minimum on the credit card, you never get out.



Wed, 05/12/2010 - 14:48 | 347063 SWRichmond
SWRichmond's picture

Noticed that, too.  Yes, let's provide health care for everyone, it's more fair.....when no one gets any, that is.

Thu, 05/13/2010 - 12:06 | 349321 jmc8888
jmc8888's picture

ROFL, only people who think idiotic, believe this.

There is no, no one can get any.  That's complete bs.  Everyone does deserve healthcare, just for being born. 

It's the facts that no one wants to look at the overall picture and fix it, that is crushing the system.  Guess what, continue on your way, there will be shortages for everyone. Continue on obama's way, there will be too.  Because your way, and obama's way are BOTH DEAD WRONG. 

Just like Helium 3.  We need it for fusion, we need it for other things we currently use on earth.  But we're running out.  So should we constrict use based on who deserves it the most, or who has the most money?

Or do we go to the moon where there is a 1000 year supply for fusion reactors, let alone any other industrial use for it.

If we run out of H3, blame Barack Obama (Larouche said it perfectly)

same situation can be applied to health care.

If you aren't 'going to the moon', then you are just creating scarcity where it does not need to exist.

That's the point about scarcity many people forget about.  There's ACTUAL scarcity, and market induced scarcity. 

We live in a world of constant market induced scarcity.  So I find your viewpoint on everyone not being able to have healthcare because there isn't to go around laughable.  It's only not enough to go around, because WE CHOOSE FOR THAT TO BE THE CASE.

We can choose the other way too.  We can choose to end the banker's swindles too, but haven't yet. 

Self-limiting behavior.  You should look it up, and then see you have a self-limiting mindset, it's based on bs, and is a complete fabrication of your mind. 

It's your right to think that way, but it's not your right to be correct about it.  You aren't.  You believe our scarcity is real.  I KNOW it is manufactured.  Thus anything that we can't meet like healthcare, because of it, is bs.

Thu, 05/13/2010 - 18:52 | 350409 SWRichmond
SWRichmond's picture

Tell it to the Canadians and Britons.

Wed, 05/12/2010 - 14:15 | 346901 JJ McApe
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Tripple A Rating!!!!!!!

Wed, 05/12/2010 - 14:22 | 346938 assumptionblindness
assumptionblindness's picture

Word!  The rating agencies are the biggest joke of all...

Wed, 05/12/2010 - 16:33 | 347115 Hansel
Hansel's picture

Is a more accurate accurate accounting of the deficit closer to $-175.6 billion? The numbers in the link aren't labeled.

edit:  The $-175.6 billion number is the month-to-month change in debt outstanding from March to April.  The U.S. issued $257 billion in debt over the last 2 months to raise cash ($176B in March, $81B in April).  Interpret for yourself.

Wed, 05/12/2010 - 14:16 | 346903 SheepDog-One
SheepDog-One's picture

But, isnt the worry over debt 'subdued' as CNBC said today? Oh well, back to 'risk on' equity gas pedal to the floor with a maniac meth head at the wheel.

Wed, 05/12/2010 - 14:59 | 347110 hedgeless_horseman
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Not subdued, just offset by the increase in the value of all the gold in Fort Knox.

Wed, 05/12/2010 - 16:14 | 347344 SheepDog-One
SheepDog-One's picture

Are those bars the tungsten filled variety?

Wed, 05/12/2010 - 15:00 | 347111 SayTabserb
SayTabserb's picture

This might be enough to make Paul Krugman think there's a problem.

Wed, 05/12/2010 - 15:24 | 347194 Howard_Beale
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You are assuming Krugman gets his head out of his ass. I think it's permanently stuck there.

Wed, 05/12/2010 - 19:47 | 347914 Miles Kendig
Miles Kendig's picture

He does like the taste of the gas he passes

Wed, 05/12/2010 - 20:42 | 348042 WaterWings
WaterWings's picture

Smells like garbanzo beans sprouts.

Wed, 05/12/2010 - 14:17 | 346905 GlassHammer
GlassHammer's picture

If deficits were monuments America would be remembered forever.



Wed, 05/12/2010 - 14:48 | 347066 Cursive
Cursive's picture


You need to get this to Howard Beale.  Would make a great addition to the collection.  And thanks for this.

Wed, 05/12/2010 - 15:27 | 347195 Howard_Beale
Howard_Beale's picture

I got it. In the meantime, check out the Deficits don't matter until they do with Ben at the printing press:

Wed, 05/12/2010 - 14:58 | 347106 Cheeky Bastard
Cheeky Bastard's picture


+10000000 e10
Wed, 05/12/2010 - 15:08 | 347136 drheywood
drheywood's picture

Hehe. If deficits were butt plugs maybe Americans would understand the position they're in better?

Wed, 05/12/2010 - 14:17 | 346907 jkruffin
jkruffin's picture

It's easy math really...


If you give out money for free, then pay 2,3,4 % interest on that money

You are going to end up in the hole every month

Add tax income losses to that and you get further in the hole each month

Kicking the can down the road, has become kick it down the dead end alley, and the brick wall is about one or two more kicks away from ending the game.

Wed, 05/12/2010 - 14:22 | 346936 DaveyJones
DaveyJones's picture

I don't like to say "easy math," I prefer to call it new math 

Wed, 05/12/2010 - 15:31 | 347224 Howard_Beale
Howard_Beale's picture

You gotta come up with something better than that!

New math was created by Max Beberman and he was actually my professor.

Wed, 05/12/2010 - 17:13 | 347497 Lucky Guesst
Lucky Guesst's picture

I think that new math is now the old math we are back to.

I graduated in '90 and by the time my first was in elementary in '02 I could not help her with math homework because I couldn't force myself to figure out the longcut. They scrapped it and went back so my son is now on the same page as me.

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