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A Zero Hedge Petition: Break Debt Habit, Freeze The Debt Ceiling
Submitted by Zero Hedge on 09/14/2009 14:54 -0400
Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.
- Sen. Barack Obama, 2006
While Zero Hedge has been accused of disagreeing with President Obama's statements, ideas, and policies before, we would like to state on the record that we wholeheartedly agree with the President on this one occasion, with the caveat that it was uttered at a time when i) he was not a president, and ii) he presumably actually did in fact care about "our children and grandchildren" instead of simply indulging in an onanistic splurge of spending, bailing out beta chasing bankers and hedge fund managers, and, through his appointee Ben Bernanke, reducing the national currency of the United States to a smoking hulk of burnt toast. Superimposing Obama from 2006 with his current incarnation, threatens a schizoid break no less than would dropping Bono's two alter egos (Macphisto and The Fly) in the same room without a limitless supply of Thorazine.
Ironically, the President now has to completely backtrack on his rhetoric and must tell his adoring public that he was only kidding in 2006, being a young and foolish Senator, while the grizzled and cynical Obama of today is forced to convince another pack of young and foolish Senators to raise the US federal debt ceiling from $12.1 trillion to $13 trillion. Absent this approval, the US will likely default by mid-October.
So even as the President may no longer really care for the "children and grandchildren", 300 million other Americans do. Raising the debt ceiling (first to $13 trillion, eventually to $1 quadrillion+), and printing an infinite amount of infinitely devaluing pieces of printed cotton is easy. It is also wrong. This is especially true because the President is doing it in order to inflate his way out of the massive credit crunch that would force the entire US banking system to go bankrupt and subsequently restructure- like it is supposed to- if only it were left alone to its own devices. This is why, we at Zero Hedge, appeal to you, our readers, to join us in this petition to prevent the debt ceiling from being raised... and again... and again... until such time as it is merely a joke of a formality (if we are not too late), and the US descends ever faster on its way to sovereign insolvency and its new status as a Chinese vassal state. On the bright side, there will be renewed United States interest in Nepal.
Once we have collected your signatures, we will forward the petition over to members of Senate who will certainly not change their behavior, and who will absolutely pass Obama's debt ceiling increase request, but who will be made aware that an increasing number of Americans are watching their every step and grow increasingly disapproving of the actions taken by both the Senate and the Congress, as they pile on a skyrocketing and untenable debt burden for future generations, all with the simple goal of buying some more election goodies and making sure that the current banking system can indefinitely postpone its inevitable day of reckoning.
(Only your City and Zip Code will be displayed on Zero Hedge- (we collect Zip Codes for Congressional district identification) but your name will be forwarded to the United States Senate)
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For what it's worth, I signed the petition about 4 hours ago and my zip presently does not appear on the signature page.
Yea, for whatever it is worth, my zip doesn't show, but the zips closest to me do, so mayhbe they are consolidating?????????????????????????????????????????????????????????????????????????????????????????????????????
Whatever, zh speaks for the country, and we all love their voice!!!!!!!!!!!!!!!!!!!!!!( You are awesome in every possible way!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)
oh shoot... they have my email address. oh well, i guess i can expect the atf, fbi, state police, federal marshall's and delta force to get a tank and ram my home and BUUUUUUUUUUUUUUUUUUUURRRRRRRRRRNNNNNNNNNN ME OUT!!!!!!!!!!!!!!! just like the branch davidians.
you've collected our signatures... now it's time to distribute the ammo. most of the people here realize this country is being hijacked. cmon... be real. you know they have robbed us, trampled on our rights. you know they have. are we going to let them get away with it. " In a departure from protocol and tradition, Obama is taking over Ambassador Rice’s role as Cabinet-level appointee and as a career diplomat to insinuate HIMSELF as the UN Security Council President. This has never been done before. And no other head of state from other nations that I could find has ever done this, either." cmon people... what is this shit? he appoints 36 czars... wtf is that shit? if you deny all these things, you have got to check yourself in an asylum.
Trifling babble
When we have Horshack heading the Fed. Then Jimmy Walker in the Oval office. I'm hoping that the Redd Foxx isn't Rahm Emmanuel helping his tribe loot the Treasury.
But I sure likes the funny. It eases the mind, settles the digestion. The laugh, laugh makes it all A-OK. And make no mistake that speech and this administration is the laugh, laugh. Least until the cry,cry.
Our Economy is Di-No-Mite!
While petitions certainly are a catharsis of sorts, it doesn't seem to have much of an effect.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Whatta rube. You really believe those fine platitudes. Youse a sucker born. That's to fill the minds of the worker class so's we can distract and better loot their homes, fields, even beds should we choose.
We subverted that supermorality crap years ago. The spoils go to those who race fastest to the ethical bottom.
We win. As we always do.
Wanta payday loan. Howsabouta free latke. Eases my conscience while I count.
Good move guys. The debt ceiling has been a congressional pinyata forever. And, we need a community building and identity building event like this. Dearest Leader will/would be proud.
Go for the gold!!
boys, while you are making your pathetic comments here the futures are up
(-63) minus equals -129 ---- talk about retarded, to use the captcha all you need is a simple question to avoid robots but these requires modern computer to solve. Please limit range of numbers to positives...
I have a point head stick!
I just submitted this story on digg.com
http://digg.com/political_opinion/A_Zero_Hedge_Petition_Freeze_The_Debt_...
In addition to signing this petition you can help the cause by digging it up and spreading awareness of the issue.
Dice,
in case you care about privacy and use your real name on Digg, you know what to do...
What the fuck are you guys doing to the U.S
Poor timing - - - Obama is giving a speech about health care reform tonight. The national debt is frightening, and the site is a great at spotlighting crooks...that said, the president is trying to un-rig the health insurance game. Plenty of crooks in that racket would benefit from a heavy dose of distraction right about now.
Armageddon may be waiting for us down the road, but an infatuation with the possibility of it is as usefull now as a sh*t flavored lollipop.
(An aside...the math questions at the bottom of the page might be created by retards...(-44) minus x equals eleven...???)
And I bet you believe that "not a dime" will be added to the deficit as a result of the health care "reform."
UMM?
Where's the petition that we're signing? Mom always told me to read before I sign.
Poor timing - - - Obama is giving a speech about health care reform tonight. The national debt is frightening, and the site is a great at spotlighting crooks...that said, the president is trying to un-rig the health insurance game. Plenty of crooks in that racket would benefit from a heavy dose of distraction right about now.
Armageddon may be waiting for us down the road, but an infatuation with the possibility of it is as usefull now as a shit flavored lollipop.
(An aside...the math questions at the bottom of the page might be created by retards...(-44) minus x equals eleven...???)
I'm not sure why everyone is against raising the debt ceiling. I heard from a congressman that the more debt we had, the richer we were!
and if you question it, i'll throw you out the window.
A California judge today tentatively scheduled a trial for Jan. 26, 2010, for a case that challenges Barack Obama's eligibility to be president based on questions over his qualifications under the requirements of the U.S. Constitution.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=109242
Let's not be silly.
Nothing silly about this. Something very odd is going on with the BC thing. Read the DOJ's response. Do a little research for you dismiss.
"As the financial system came crashing down due to the millions of bad loans made by the banking cartel, their protectors Hank (Goldman) Paulson and Ben (Helicopter) Bernanke funneled TRILLIONS of your tax dollars and your children’s tax dollars and their children’s tax dollars to the banks that committed these crimes. The poor people in West Philly don’t pay taxes, so they got to drive BMWs and watch 52 inch TVs for awhile, and are left relatively unscathed. The middle class is paying the bill, losing millions of jobs, while seeing their 401ks drop by 40% and they are still driving their 10 year old cars. Government now wants you to pay more so the poor will have health insurance when they get injured in a BMW accident."
http://www.financialsense.com/editorials/quinn/2009/0909.html
Screw freezing the ceiling, lower the roof and inform the bastards they've already shot their wad. Run it like a business and tell EVERY department head that your budget has just been cut 10%. If they can't manage then someone else will do it for them.
I signed the petition
Just 10%, try 75%.
Biggest bunch of overpaid paper-pushers on the face of the planet.
just now the President states: "every day 14,000 Americans lose their coverage"
and
CAPTCHA asks: What are the job loss statistics for the most recent month?
A hard habit to break...
http://www.nydailynews.com/opinions/2009/05/04/2009-05-04_president_obam...
Administration,
I know this isn't completely your fault...this has been in the works for a long time.
Regardless...you promised transparancy, change and hope.
MAKE IT HAPPEN! The same old song and dance is only going to make matters worse and upset people even more.
I have and am willing to take some of the medicine necessary to get back to real, honest, sustainable growth in this country. Please stop playing the confidence games, selling out to foreign governments and big business (e.g. the financial services industry).
If you are justifying this irresponsible behavior for any reason at all...look in the mirror and act with integrity. We all know right from wrong (even the most greedy and selfish of us all).
G
I was never in a conventional war, but this IS WAR, people. Have only been on ZH for a number of weeks, but I would and will go to war and do anything I can for the America represented by the folks here. My father fought and almost died for the America of 1945, the America we need to get back to, and FUCK THE BANKSTERS.
We have our minds, we have an amazing vehicle of instantaneous information flow, we have integrity, we have our memories of when things were not this corrupt, we have guns, and we will not give up without a fight.
A fight hopefully not of violence, but of ideas, character, and rightousness.
This and other petitions like it, if, no, when we attain the groundswell to really scare the bastards about losing their jobs or being replaced, we wil have wrested back the power from the lobbyists, the specail interests, and they WILL become "representatives" once more.
THEY SERVE AT OUR PLEASURE. We merely need the information, will, and persistence to overthrow the status quo of voter ignorance and apathy.
Great job, ZH!!!
See, now here's the problem with your thinking on this matter: The romanticized America of 1945 or whenever never actually existed. It was pretty much always like this.
The two world wars were nothing but another chapter in the banksters' scams. They cause chaos and reap the rewards while millions of people die. There is no "just cause."
Not now, not in 1941, not ever.
The only difference between then and now is that the crooks have gotten better at the game than ever before.
I agree completely, Cowbell. Apart from the bullshit largesse and banksters getting away with everything, it is quite a statement of how fucked up this country is when Hank Greenberg gets charged with cooking AIG's books, and GE gets charged with cooking books, and NO ONE is in jail afterwards. Pay a few worthless dollars and you get out of it.
Second.
maybe its just me, but isn't the real purpose of a central bank to debase the currency in order that the status quo interests can give away all the free stuff to the citizens so they stay complacent?
Freezing the debt ceiling, to me, is immaterial so long as the central bank still exists and can create money from nothing except some ink, paper, and small amount of electricity.
Debasing the currency and forcing a small amount of inflation is a thing that the central banks think is a good idea so long as its "managed" inflation. While its a nice idea, and I've signed the petition, I just wonder at the efficacy of it if we still have a central bank at the end. I mean, you don't debase the dollar by 94+% since the central bank was created in 1913 by accident. Especially since the purchasing power has done nothing but go down from then to now.
Obama is more compromised than George Bush and is in the bankster gangst's pocket
You don't need to worry about NSA or any govt agency. If you've ever worked in that community, or in those circles, you'd know how unbelievably inept, paralyzed and silo'ed those agencies are. They have enough of a problem keeping the Chinese from hacking into their systems, or just procuring a laptop or toilet seat, let alone wasting time going after a group of people who don't pose a threat. They're just people too, doing a job... a secret spooky job, but they punch a clock too.
Don't get me wrong, I don't agree with violating civil liberties and privacy, and the someday potential of the power that has been given to them. However, you give them too much credit. They only have those capabilities in Hollywood.
Be afraid of the lobbying organizations, internationals / cartels and PACs, or large corporations, they have to answer to a profit, and have few real constraints on their behavior.
They are at least as competent as the GEstalts STAsi POlizei or the Czech Stasi or Russian KGB/NKVD.
Underestimate them at your peril, they are in their infancy of strength.
Gov agencies will not be looking for anyone...........too many patriots in the ranks. If anyone else shows up I'm waiting with a S&W 1911, The Judge, a .40 S&W compact and to cap them off, a five shot, pistol grip Remington 870, backed up by a double barrel Rossi stagecoach gun.
Sir, I'm sorry, but I must respectfully request that I NOT take your daughter to the Homecoming dance. Prior engagement, you see, with LIFE.
PS. I bought you a polishing cloth for your guns, no hard feelings.
I'll be parked down the street with 120mm mortar launcher welded to the bed of my bronco...
just in case...
Tyler, Tyler, Tyler. You:
a) Are way too late.
b) Don't seem to understand that the "National Debt" is simply an accounting device - like the Social Security "Trust Fund" - which can be fun to get excited about and argue till the wee hours, but whose "size" doesn't matter, since all the government accountants have to do is keep adding zeros until the end of time. Do you know what a duvet is?
That's it I'm on the "grid" now.
Darn debt ceiling. How are we going to run this ponzi scheme to the moon? Please no more debt ceiling. Is there any petition for that.
Phil, you forgot to sign in.
Let them come to my house. I am a combat wounded veteran of OIF and have earned the right to sign any damn petition and say what ever I want. Everyone else does!
Unclear why email address is needed........
to distinguish whether you have balls or not.
Sorry, no longer exist, got sucked dry by Plan B.
two reasons:
it's easier than having you dip your middle finger in permanent ink (to insure you didn't vote more than once);
just in case this doesn't go well it will be important to have a follow up with you (and the rest of us) to ensure that you read and fully understood the petition and to give you an opportunity to recant prior to being taken to the stadium that is nearest to your location.
+1