Watch The Teleprompter Discuss The Latest "Deficit Reduction Efforts"

Tyler Durden's picture

Following the earlier news that government retirement accounts have been plundered by the most since the breach of the debt ceiling, it is only fitting that the teleprompter will shortly update the eager public with the latest on the debt reduction efforts. Perform a frontal lobotomy and watch live below.

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Oh regional Indian's picture

All men with ties, lie.

You can take that to the bank.

Only to have it stolen from you.

By a man in a tie.

You can certainly take that to the bank.



EscapeKey's picture

No fucking shit. So far it's been words, words, and more words. No concrete solutions, no word on cuts on the programs where it's necessary (but would cost jobs), no word on cuts to the military - nothing. It's just more bullshit spawned about "we know the problem, we know how to solve it, we will move forward with it".

"Without getting into details, a lot of hard choices will have to be made, there's will, balanced budget deal... we believe it's possible..." blah blah fucking blah.

"He takes it very seriously."


"That's like saying... you'd put a gun to your head and pull the trigger. Is that wise? I don't know"

That's why you're a high paid official. Apparently, you can't even tell if pulling the trigger is a wise move.

Oh, and apparently starting infrastructure projects is blasted as GOOD while at the same time talking about deficit reduction. Jeez, the insanity here is just boundless.

carbonmutant's picture

How long before the MSM discovers that his ramblings aren't doing their credit ratings any good?

bigdumbnugly's picture

that was rhetorical, right?

Xibalba's picture

VAMANOS!!! ... no....OBAMANOS!!!!!!!!!!!!!!!

Internet Tough Guy's picture

I'd rather have a bottle in front of me than a frontal lobotomy.

johnQpublic's picture

i watched almost 43 seconds of this B.S. just to get beat to my comment by an internet tough guy

putbuyer's picture

Can't take more that 2 minutes

RobotTrader's picture

Only a matter of time before O'Bummer has to save his own hide by announcing a "shock and awe" stimulus plan, tax cut, or some other Hail Mary pass to rescue his legacy.

Why else would XLY and XRT be pricing in a consumer spending boom of collossal proportions in 2012 - 2013?

equity_momo's picture

1 to 10 Robo , 1 to 10 , thats all i ask.  Is that a 9?

fuu's picture

That one was pretty lack luster, I would guess no more than a 3.

DonnieD's picture

...and gold be up $30

I agree, an announcement of supreme idiocy has to happen. Perhaps the announcement of Paul Krugman as Treasury Secretary.

NotApplicable's picture

Now that would be idiocy. Krugman is very valuable to them where he's at now. Well, at least as long as the herd pretends to read him.

Caviar Emptor's picture

That's an almost philosophical question there, Robo. 


Saxxon's picture

Robot gets junked again by frustrated, masochistic shorts.

But Robot is right.  The Pres needs to put grimy Dinero directly into the hands of the roiling, unwashed masses.  This will buy him Love and kick the momo over the edge to where it needs to be to vanquish his Republican foes.  The move will also hasten a market Celebration and further fuel inflation; both of which I personally welcome.

Zero sum game.  You pays yer money and takes yer chances.  Why fight the Fed?

EscapeKey's picture

I'd rather watch porn.

Careless Whisper's picture

better be careful with the x rated stuff if you live in florida. there is an avalanche of civil lawsuits over copyright protection... of x rated movies.

florida about to institute rocket docket - part deux - to protect copyrighted porn


docj's picture

I'd rather watch Casey Anthony doing porn.

Race Car Driver's picture

If she doesn't get a good book deal, you just might.

DNB-sore's picture

telescreen on...

LoneStarHog's picture

Is he going to speak in his native Kenyan?

Bastiat's picture

Why not have his crack birth cert. team print up some US Treasury checks.  How hard is that?

Sudden Debt's picture

It took them 18 months to make 1 paper....

Even if they printed 100 billion on every check, they wouldn't cut it.




Bastiat's picture

Good point! You are right on today!

Agent 440's picture


That was a good one Bastiat. You owe me a keyboard.


Mercury's picture

 Following the earlier news that government retirement accounts have been plundered by the most since the breach of the debt ceiling,...

It doesn't matter if the actual accounts are fully funded, empty or invested in cattle futures; a federal employee defined benefit plan is as good as gold. 

Dr. Richard Head's picture

Are you referring to barbaric relic meme of the MSM or the gold referred to by the survivalist crowd?  I assume the former?

djsmps's picture

And once again, the Arrogant One makes his minions wait to hear his golden voice.


Bastiat's picture

I'll bet he hasn't touched Secret Service pensions!

Sudden Debt's picture

those are secret, remember ;)


Bastiat's picture

Funny story:  I don't know what the deal is now that they've moved SS to Homeland Security, but in the old (Treasury) days they were in the DC police and fire pension system.  A retired agent told me:  "best public pension around -- why?  A DC cop once told me they've got something on just about every worm in Congress."  This was in the 1970s.

Sudden Debt's picture

To reduce the deficit, Obama has decided that all the funding for the construction of the cold fusion reactors which would provide near free energy will be cut. Also all the new free schools, free hospitals, libraries, new roads... will be stopped.




djsmps's picture

He said "balanced approach" pretty early on.

Sudden Debt's picture

"Balanced" as in "tipping point"

Rynak's picture

Oh gods..... please stop posting that photo of him. Everytime i see it, i want to punch into my TFT-Screen...... i mean, even harder than when i usually see him.

EscapeKey's picture

No, keep using it. Reminds me what a shit-eating grin Wall Street sellout he is. It's a little known fact that the picture in question was taken 3 seconds after he removed his face from Blainfein's ass.

Cheesy Bastard's picture

Eww.  Is that why it's all brown?

Kali's picture

Cheesy Bastard, Oh no! you didnt!  Too funny.  I think since about 1976 or so, when i started waking up a little, I can't stand to watch any of these mofo potemkin presidents after about 4 weeks of campaigning, before they even get elected!  Face smash pic fo sho.  Keep it!