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Guest Post: The Definition Of Insanity

Tyler Durden's picture




 

Via Lance Roberts of StreetTalk Live,

By now there is likely not a single individual who is not aware of the impending "fiscal cliff" and the economic impact that it represents.  (For a thorough discussing of the taxes involved you can find a complete listing here.)  Then there is the debt ceiling issue.  Both of these issues will be topics of hot debate in the coming days ahead with implications to the stock market in the short term that could be potentially damaging as investors scramble avoid a hike in tax rates.

Obama, and the Democratic controlled Senate, have already lined up on raising taxes on the "rich" while the Republican controlled House has firmly asserted that they are amenable to closing tax loopholes in conjunction with spending cuts.  The two sides could not currently be farther apart from reaching a deal - yet, as Yoda would say: "Reach a deal we must."

Logic says that both sides will come to the negotiating table with compromises to resolve the fiscal cliff issues.  The Republicans could concede to following without a tremendous backlash from conservative right:

  • Increased taxes on individuals making $500,000 or more rather than the $250,000 level current proposed.
  • Closing of tax loopholes and deductions (i.e. capping deductions at $50,000 and getting rid of Carried Interest)
  • Letting the payroll tax cut expire at the end of the year.
  • A reset of the Alternative Minimum Tax with an inflation adjustment.
  • A modified bump in the capital gains and dividend tax rates to 25% from the current level of 15%.
  • A repeal of the automatic spending cuts which were imposed during the previous debt ceiling debate.  

However, such deep concessions by the Republicans should be readily met by the Democrats agreeing to actual significant spending cuts including:

  • Start entitlement reform by raising the eligibility age to 70 for those currently under the age of 55.
  • Means testing of entitlements for all individuals below the age of 55.
  • Elimination of extended unemployment benefits
  • Cuts in discretionary spending which will include further cuts in defense spending.
  • Elimination of the Presidential Campaign Fund
  • End funding for new federal office space
  • Repeal of the Davis-Bacon Act
  • Eliminate funding for the National and Community Services Act
  • Eliminate duplicate education programs
  • Cut the Federal travel budget
  • Privatize Fannie Mae and Freddie Mac....again.

It is likely that such a bipartisan compromise could be quickly agreed upon and executed before the end of the year deadline.  I realize that there are many other levels of cuts that could be made that could effectively save billions each year in government waste, however, this would at least be a significant start and lay the foundation for further compromise in the future.

Yet, this is an unrealistic expectation.

The Democrats have given no indication that they will compromise on any front and that tax hikes are all that is available for discussion.  Likewise, the stance by the Republicans is just as firm as they stand behind their pledge of no tax increases.  However, in the end, it will be the Republican led house that will again define "insanity" by repeating the same mistakes of their past.

In the next few days as the "fiscal cliff" draws nearer that media pressure from the White House will intensify to a fevered pitch with threats of economic recession due to Republican's unwillingness to compromise.  Make no mistake - the blame for what ails this economy will be squarely pointed at the "evil and selfish" Republican's who are keeping Obama from being able to achieve the greater good for the economy.  

This is the same tactic that was used during the debt ceiling debate in 2011.  Then the threat was a default on U.S. debt due to the inability to raise the debt ceiling which culminated in a debt rating downgrade by Standard & Poors.  Of course, a simple look at the U.S. Treasury market, as yields touched historic lows at the time, would have told any astute individual that a default was of no concern.  Yet, the Republican's caved to the pressure and raised the debt ceiling in exchange for a committee to come up with spending cuts later.  The committee failed, automatic spending cuts were implemented and immediately postponed.   Those automatic spending cuts are coming back January 1st, 2013.  

Like George H.W. Bush who caved on his pledge of "No New Taxes" in exchange for future significant spending cuts which never materialized, the Republican's also caved and raised the debt ceiling in exchange for empty promises.  That is the reality that Republican's again face in the current debate and the mistake that they are likely to repeat. 

In the coming days ahead, as the White House intensifies the pressure, the Republicans will once again crater to demands.  They will agree to higher taxes with a "promise" of future spending cuts.  The problem, of course, is that once tax hikes are in place there will be no need for future negotiations.  The government will continue to run without a budget and spending will continue to spiral higher.

The sad reality that escapes our current Administration is that the long term solution to economic stability is a balanced approach to both increasing revenue and cutting spending.  A serious amount of work and compromise will be required, with an understanding that increasing revenue through taxation while cutting spending means slower economic growth, in the short term.  Yet, it is the understanding that slower economic growth is the "short term pain" required to establish the stable economic foundation from which "long term gains" may be achieved.  

We will see what happens in the days ahead.  While hope in the market abounds for a successful compromise - it may pay to remain hedged against the risk of failure of our elected officials to come to a moment of clarity and act like adults.

 

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Tue, 11/27/2012 - 21:06 | 3016063 Mr Lennon Hendrix
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I can't believe people don't understand how orchestrated the fiscal cliff and other such talking points are.  They are there to keep the discussion away from discussing fractional reserve lending, fiat based debt, peak oil, and other big issues.

Politics is all a game.....

Tue, 11/27/2012 - 21:25 | 3016121 NotApplicable
NotApplicable's picture

Merely more refreshments from the Kool-Aid Corps.
That anyone can be this dumb...

Tue, 11/27/2012 - 21:31 | 3016133 cossack55
cossack55's picture

....and exactly how many sheeple pulled the lever with a R or a D after it?

Tue, 11/27/2012 - 21:51 | 3016165 TwoShortPlanks
TwoShortPlanks's picture

I'm afraid, we're it!

Just posted a series of threads on a completely neutral website....nobody has a clue about any of this stuff....nobody understands any of it....nobody has Gold or Silver....nobody even cares.

We're it folks. Less than 1/10th of 1% own physical.

Tue, 11/27/2012 - 22:01 | 3016189 ebworthen
ebworthen's picture

"We're it folks. Less than 1/10th of 1% own physical."

I hope that means they aren't going to attempt to confiscate it FDR style.

Tue, 11/27/2012 - 22:09 | 3016211 Mr Lennon Hendrix
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+1

And that is the reason they won't.

Imagine FEMA going door to door asking for gold, being met with guns, and coming up empty handed everytime.

Tue, 11/27/2012 - 22:11 | 3016215 derek_vineyard
derek_vineyard's picture

definition of insanity = having an election where obama / romney are the only candidates with a chance of victory

Tue, 11/27/2012 - 22:31 | 3016254 Michaelwiseguy
Michaelwiseguy's picture

Total distraction and scare tactics Mr Hendrix. TV reporters are part of the problem and refuse to deal with reality.

 

You can't have job creation in the USA because factories that produce consumer products were removed from the country.

The Money Math for Job Creation doesn't work due to Globalization and the Federal Reserve Corporation.

Globalization = American Wage Arbitrage = Lower Worker Pay

Federal Reserve Corporation = Private Company that Manufactures Paper Money and Sets its Value, and continually reduces the value of money by printing more and more of it out of thin air.

Wed, 11/28/2012 - 00:46 | 3016524 poor fella
poor fella's picture

jobs...

we knew them well... 

 

 

Wed, 11/28/2012 - 08:35 | 3016892 GMadScientist
GMadScientist's picture

Imagine trying to stop people from growing and smoking particular plants.

Only complete fools would...oh.

Tue, 11/27/2012 - 22:28 | 3016248 TwoShortPlanks
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There's no point in confiscating that which [almost] nobody owns.

All the Gold swindled out of Central banks has gone to the LBMA and out onto the market, and scooped up by the wealthiest of people/families. Price has been suppressed for decades via certificates and shorts.

The scramble for physical by China, Russia, Russian and Chinese Mafia, some Central Banks and a few hundred thousand of us blog-folk, is merely the race for then scraps and crumbs (I'm fine with a few scraps and crumbs though).

Gold is a 'Back Stage Pass', it will buy you access to the next system...or not.

Tue, 11/27/2012 - 22:02 | 3016191 Race Car Driver
Race Car Driver's picture

Fuck Yoda.

Tue, 11/27/2012 - 22:22 | 3016197 Michaelwiseguy
Michaelwiseguy's picture

This is the definition of public employee insanity. Public employees who don't have the mental comprehension skills to understand the laws of the land should not be given the job. We have a public employee insanity problem, where public employees don't know or understand their role and how to apply their job description according to the law.

Derrick Broze and Adam Kokesh #OptOut

http://www.youtube.com/watch?feature=player_embedded&v=KjMgS1mYFIM

We should have required "Presumption of Freedom, Presumption of Innocence of American Citizens Sensitivity Training", administered through human resource departments of all government agencies.

These classes will include the citing of law that backs up and reinforces the training topics covered in the lessons.

I'll have more on this subject as I develop my new realm of education for government employees. 

I'm starting this New Entrepreneurial business today and invite you to participate and join me in this endeavor. 

 

Thu, 11/29/2012 - 19:39 | 3022272 WhiteNight123129
WhiteNight123129's picture

Yup we are it. It the shit hits the fan we will have to help the rebuilding folks.

Bills of Exchange cleared by Gold will be the first thing to set-up to make the economy reboot. Bills of Exchange cleared by Bitcoin, Bills of Exchange cleared by Silver so that small business can get working capital... 150 years backwards....

 

 

Wed, 11/28/2012 - 04:46 | 3016697 bentaxle
bentaxle's picture

Most of Wisconsin - guilty!

They did elect the C. Koch "puppet" Walker.

Wed, 11/28/2012 - 08:36 | 3016893 GMadScientist
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And confirmed they like being bitches for the Koch brothers too!

Tue, 11/27/2012 - 21:43 | 3016151 ACP
ACP's picture

Hey look on the bright side, at least Obongwater and Boned each found their ultimate golf buddy. They probably work better together than when Cray-zee Eyez Pelosi was speaker.

Tue, 11/27/2012 - 21:59 | 3016184 Atomizer
Atomizer's picture

Geopolitic's funnel monies to compliment the ponzi scheme fraud. Read that again, memorize it.

 

Atomizer just scanned documents for his 5th home purchase. With regards to the fiscal cliff anxieties, fuck’em. I don’t intend to purchase any impulsive buying shit to help the crony capitalist shitheads. The Telly ads will slowly reconstituted product obsolescence once other corporate bailouts will be granted. The actual system of growth is going to be exposed for what it really is. Repeating words to alienate the old system will become the creme brulee of all lies spoken.

Best of luck. Always differentiate yourself from fear tactics, Downjones hopes you buy straight into the apocalypse government shutdown media plan. Wash, rinse and repeat!

 

Tue, 11/27/2012 - 22:20 | 3016231 ExpendableOne
ExpendableOne's picture

Insanity is relying on income taxes.  They are too easy to manipulate.  Switch over to a federal sales tax (right after firing 60% of the federal workforce) and the problem will just about solve itself.

Wed, 11/28/2012 - 01:03 | 3016549 Bindar Dundat
Bindar Dundat's picture

 

To my American friends.  Here is how to sleep well next year.

1) Buy some gold.

2)Buy a vacation  house in Canada with a safe in the basement.

3) Put your gold in the safe.

4) visit often.

Wed, 11/28/2012 - 08:53 | 3016907 Aegelis
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This message brought to you by The Canadian Tourism Research Institute (CTRI)

Wed, 11/28/2012 - 07:32 | 3016817 Go Tribe
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What's the mystery?

"By now there is likely not a single individual who is not aware of the impending "fiscal cliff" and the economic impact that it represents."

I don't think the obamaphone lady is aware of the cliff. They live for the soft handjob of federal support and don't think beyond the moment.

Tue, 11/27/2012 - 21:03 | 3016066 stinkhammer
stinkhammer's picture

“You will win when you are ready to pronounce the oath I have taken at the start of my battle-and for those who wish to know the day of my return, I shall now repeat it to the hearing of the world:

“I swear-by my life and my love of it-that I will never live for the sake of another man, nor ask another man to live for mine."

Tue, 11/27/2012 - 21:09 | 3016067 LMAOLORI
LMAOLORI's picture

 

 

This Debt is Insanity!!!!

When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.

That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.

http://cnsnews.com/news/article/black-friday-treasury-borrowed-21169-us-household-day-after-thanksgiving

 

Tue, 11/27/2012 - 21:33 | 3016132 CH1
CH1's picture

Rombama, O'Romney, Tweedle-dee, Tweedle-dum?

It's about the structure, not the puppets.

As long as you give a shit about parties, the structure owns you.

Wed, 11/28/2012 - 08:37 | 3016895 GMadScientist
GMadScientist's picture

If I pay mine in cash right now, can I forego taxes in perpetuity?

Tue, 11/27/2012 - 21:07 | 3016068 LetThemEatRand
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"with an understanding that increasing revenue through taxation while cutting spending means slower economic growth, in the short term."

Based on what facts?  The very top of the food chain has increased its wealth to many, many times the total U.S. debt, not to mention the annual deficit which is a small fraction of the increase in wealth enjoyed by the oligarchs over the last 40 years while the middle class shrinks.  I have yet to see any valid argument that taking back what the .01% has "tapped" (translation per John Corzine = stolen) from the bottom 99.99% would in any way negatively impact short-term of long-term economic growth.  Quite the opposite, in fact.

Tue, 11/27/2012 - 21:17 | 3016097 Jack Burton
Jack Burton's picture

If a person was willing to scrap their political bias for just a few minutes, and then use the internet to research income growth in the USA for just the last 30 years, I suspect they would see that the winner take all system is now in full bloom. It is often claimed that the top 1% have earned their complete dominance of income growth by hard work, productivity and wealth creation. In some few cases this could be true.

Then I would ask the same people to do a quick research on USA tax rates from the same 30 years. Again you will see tax cut after tax cut going to the top income earners. With huge cuts in taxes on non earned income from dividends and capital gains.

In short, the top 10% has done well, the top 1% have done much better.

Now we are told that any return to a more progress tax system and a more general division of income growth based on productivity growth would punish the productive job creators, or as some would call them "The Winners". I do not think a return to some revision of their gains via progressive taxation and a bit more paid out in wages to workers is going to tank the economy. As you say "LetThemEatRand" it could lead to MORE economic growth and prosperity. Customers are needed by ALL business, especially SMALL business. Working folks with a decent wage are the BEST customers for the economy.

But many maintain that any changes to income distribution are unfair and socialistic. Then I assume those that say that think today's US economy is GREAT and a MODEL for the future. Good luck with that theory.

Tue, 11/27/2012 - 21:21 | 3016109 LetThemEatRand
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It is truly ironic that those who have redistributed wealth to themselves via their control of the government, have convinced most of humanity that government redistribution of wealth is the great enemy of the common man.

Tue, 11/27/2012 - 21:26 | 3016124 Jack Burton
Jack Burton's picture

Again you nail the point "Rand". There is a good reson ALL income gains have been going to the top at the same time the top gets one after another tax cut. They have purchased the political system. This is also why the US has gotten a new police state. The elites are safer in a police state nation. Also, with s global war machine doing their corporations bidding around the globe, the elites can prosper even more behind the cloak of tax payer funded Miliatry might.

The 1% have won big time, yet they whine and complain MORE than the destroyed middle class. Not to mention the hopeless poor folk whom we all ignore anyways.

Tue, 11/27/2012 - 21:54 | 3016168 LetThemEatRand
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And the elite have a convenient thing called television, newspapers, radio and internet (Drudge -- the biggest internet news site by far, who nonetheless complains perpetually about "liberal media"), which constantly reinforces the idea that the police state is necessary for the protection of Oceania from the terrorists in Eurasia.   Who would have guessed that Big Brother would be personified best by a gay Republican who masquerades as a libertarian who hates "Big Sis"?

Tue, 11/27/2012 - 21:27 | 3016123 nmewn
nmewn's picture

It's a little hard to do that (by law) when it's the lawmakers themselves who allowed it in the first place.

Now think this through before you go off half cocked...you keep expecting those who permitted what you describe, to rectify it. Jon Corzine is still free as a bird, as is Johnson, Fwank, Mozilo...pick one or any other.

It's infested with cronies from top to bottom and you're expecting a white knight to show up and fix it...the white knights are sitting on the sidelines watching it burn ;-)

Tue, 11/27/2012 - 21:43 | 3016150 LetThemEatRand
LetThemEatRand's picture

The "white knight" is a system of elected government not controlled and purchased by oligarchs.  I don't expect a single human being to come along and fix things.  Rather, it is my hope that the People will take back a system of checks and balances that is imperfect, but that worked overall in practice in the past until the sheep fell asleep and allowed the oligarchs to take control.  Your proposed solution is to blame elected government and allow the oligarchs free reign, which history teaches benefits only the oligarchs.  

Tue, 11/27/2012 - 22:16 | 3016226 nmewn
nmewn's picture

The wihite knights are the People...some are not only watching it burn, some are actually feeding the bonfire...this government was elected by the People wasn't it?

Checks & balances you say?...you mean like forcing the People to purchase a product or service under the Commerce Clause? You mean forcing the People in cars to wear a seat belt but not on a motorcycle? You mean like forcing the People to place their children into financial bondage for "shovel ready" roads & bridges? You mean like forcing the People with a different belief system to prostrate themselves before the state and it's belief system?

Those kinds of checks and balances?

No LTER, let it burn.

Wed, 11/28/2012 - 00:14 | 3016467 LetThemEatRand
LetThemEatRand's picture

You think like a child, nmewn.  If it burns, what is left is the Phoenix of oligarchy.  The same one (ones) who controlled humanity for the last few thousand years.  Every King that ever lived was against the concept of the People ruling themselves through free elections.   The same Kings told us that too much power among the People would be the death of us all.

Wed, 11/28/2012 - 07:17 | 3016802 nmewn
nmewn's picture

lol...I have never voted based on what someone promised to GIVE me in return for that vote...like some spoiled, petulant little child who has to be bribed with a cookie to behave.

From all of our past conversations, I doubt the same can be said of you.

Wed, 11/28/2012 - 08:44 | 3016903 GMadScientist
GMadScientist's picture

I've definitely voted against what they can take from me though...like say my civil liberties.

Follow the money: where do all those entitlements end up? the 1%'s corporate coffers in every case.

There's nothing on this planet as petulant and corrupt as the 1%. If you don't believe me, take away their tilted playing field and see how long you can hold out before grabbing earplugs.

 

Wed, 11/28/2012 - 19:43 | 3018902 nmewn
nmewn's picture

Well, you do have a point there G.

My problem is, being stuck in the middle...I'm sick of constantly having to wear earplugs. If it ain't politicians and socio-economic whackademics screaming at me to spend (when I'd rather not) it's the "less fortunate" screaming at me that I'm not taxed enough to please them.

Time for me to do a little screaming myself ;-)

Tue, 11/27/2012 - 22:55 | 3016305 NeedtoSecede
NeedtoSecede's picture

LTER, I usually don't agree with much of what you say, but I do not have much to dispute tonight (ZH has been getting hammered by trolls of all types lately, but it is still a good place to exchange ideas and learn a little, for those with even a little humility and an open mind).  I would say that before the sheeple fell asleep they were swindled and then lulled to sleep with the oldest trick in the book.  The promise of free stuff.  It was packaged with slick talk and promises, but it was all a lie.  And now they have been on the drug so long it sure looks like sleep, but a self-induced coma is probably a better description.  Meanwhile, the house is getting robbed, their daughters and wives are being violated, and everything including the future is being stolen.  And they dont see it....

Wed, 11/28/2012 - 12:12 | 3017573 boogiedown
boogiedown's picture

NeedtoSecede, would you agree that "sheep" has become kind of an abstraction? Kind of a caricature of a thin swath of Americans? Do you actually have conversations with people like that, who are completely unaware that they have been robbed?

Personally, I don't know anybody personally who is unaware of the pillage. Even the people I know who are working for minimum wage are not fooled by the WWF election, I mean selection. They may not know what credit default swap means, but they sure are angry about the bailouts, the schools ripping off their students, the MTA here in NY ripping off the entire city with the mayor's blessing, etc. I decided to quit using "sheep" and "sheeple" because it is a way to dismiss people instead of take responsibility to awaken them as our fellow beings. (If they are willfully ignorant after repeated attempts, that's a case of mental retardation to be pitied, not insulted) I think we should be grateful to have survived the disinfo and cognitive dissonance barrage, and help the casualties of that attack, not sit on the side of the battlefield pointing and laughing at them.

 I WILL say that on the subway in NYC every day, I hear THE most vapid conversations, mostly from dumb girls but also from guys, about shoes, clothes, celebrities, idiotic drinking at parties, etc. Many times I am seriously at a loss to distinguish real conversations from those guerilla marketing fake conversations where brand names are intentionally dropped by paid shills. That's how bad it's gotten.

Wed, 11/28/2012 - 11:53 | 3017505 boogiedown
boogiedown's picture

Agreed.

 You wish the People would take back the system -- "Rather, it is my hope that the People will take back a system of checks and balances that is imperfect, but that worked overall in practice in the past"

 but then you call them "the sheep" who fell asleep -- I submit that this whole "sheeple" meme has gotten out of hand and is another divisive kind of class warfare tool, pitting the "awake" against those "asleep." It is kind of dehumanizing and dividing and negative, not to mention insulting to sheep

Tue, 11/27/2012 - 21:23 | 3016072 knukles
knukles's picture

Well, here's an example of the hypocrisy of the elite (or at least implied) from The Daily Bell, dealing with the wifie of the BoE's new Governor.

http://www.thedailybell.com/28366/The-Curious-Case-of-the-Georgia-Guides...

And we wonder why the wolrd seems to have gone mad.
Aside form Einstein's repetition definition, I prefer the definition of sanity being "Clarity of Thought"
So insanity by any other consideration might just be (Mayhaps?) our continued devolution into the unarguably unattainable imaginary well begins of the Elite, leading us to their promised land.

Shit like this that wakes one up at night.

Tue, 11/27/2012 - 21:11 | 3016083 fonzannoon
fonzannoon's picture

That agreement laid out above would still be a drop in the bucket. We walked to the edge of default last year and look at the result. Borrowing costs dropped.  That was all both sides needed to see. They will never agree to anything substantial now that the saw what happened. They will hike that debt ceiling without a word. This won't change until the rest of the world pulls the rug out and everything goes to shit in an instant. Everyone is convinced it won't ever come to that.

Tue, 11/27/2012 - 21:17 | 3016103 LetThemEatRand
LetThemEatRand's picture

All part of the plan, if you assume (as I do) that a few thousand hundred-millionaires and billionaires who control the Red and Blue teams could give a flying fuck what happens to the goose that laid their golden eggs.   They already have more eggs than they could ever need in well secured accounts, commodities, productive land, etc., not to mention a growing internationally controlled system that will allow them to move to the next productive goose farms when the Western one runs out of feed.  

Tue, 11/27/2012 - 21:23 | 3016115 fonzannoon
fonzannoon's picture

i believe every single word of Carlin's big club rant.

Tue, 11/27/2012 - 21:31 | 3016129 Bicycle Repairman
Bicycle Repairman's picture

You mean the one where George says were getting fucked in the ass with a red, white an blue dildo by a system that threw us overboard 30 fucking years ago?

Tue, 11/27/2012 - 21:32 | 3016134 fonzannoon
fonzannoon's picture

I do believe that was in there.

Tue, 11/27/2012 - 22:01 | 3016187 LetThemEatRand
LetThemEatRand's picture

Borowing from Carlin, perhaps the Earth made Man simply because she wanted Red, White and Blue (plastic) dildos.  

Wed, 11/28/2012 - 08:53 | 3016908 GMadScientist
GMadScientist's picture

Definitely going around your head to scratch your...well, you get the idea.

Tue, 11/27/2012 - 21:12 | 3016085 Slightly Insane
Slightly Insane's picture

May I suggest that they have a "gun battle" in the House and the Senate.  Winner takes all.  No prisoners.

Tue, 11/27/2012 - 22:12 | 3016219 DeadFred
DeadFred's picture

Pay per view with the proceeds going toward the debt? There may be hope yet.

Tue, 11/27/2012 - 22:25 | 3016238 ExpendableOne
ExpendableOne's picture

Congress critters always seem to do very well for themselves.  We should just tax all their income and benefits at about 98% (no deductions).  

Wed, 11/28/2012 - 07:30 | 3016814 Go Tribe
Go Tribe's picture

As long as the White House is caught in the cross-fire.

Wed, 11/28/2012 - 08:54 | 3016909 GMadScientist
GMadScientist's picture

Awwon Bwuh!

Tue, 11/27/2012 - 21:14 | 3016092 venturen
venturen's picture

Look out Below.

Tue, 11/27/2012 - 21:14 | 3016093 max2205
max2205's picture

I opt out of this subject

Tue, 11/27/2012 - 21:23 | 3016114 buzzsaw99
buzzsaw99's picture

Lance must love the war machine. :vomits:

Tue, 11/27/2012 - 21:23 | 3016117 Jack Burton
Jack Burton's picture

I thought we needed to control the deficit. Try this.

End the wars

Stop invading other people's countries

End the global drone wars

After all, the 1 trillion a year we rack up in war and military costs are all borrowed at this point. How you gonna eliminate the deficit if you don't take on the global war machine? When did we start invading and growing the empire, instead of defending America?

Tue, 11/27/2012 - 21:30 | 3016128 AllWorkedUp
AllWorkedUp's picture

Jack, how about we wipe out the over $6 trillion we owe the private Federal Reserve while we're at it, and cast them off our land for good?

Tue, 11/27/2012 - 23:08 | 3016323 Jack Burton
Jack Burton's picture

Amen to that "AllWorkedUp"! Our slavery to a privately owned Central Bank who serves interests counter to the massive majority can't END too soon.

Tue, 11/27/2012 - 21:28 | 3016127 AllWorkedUp
AllWorkedUp's picture

Absolutely right. The Republicrats will cave as they have for the last 20 years. Harry, Nancy and the messiah will get everything they want and not give an inch. That's part of the plan though isn't it? Isn't that what the oligarchs want? Destroy the constitution, destroy the country, enslave the once great U.S.?

We are finished, all ya have to do is watch the riots on Black Friday to understand what kind of imbeciles the voting class has become. Secession is the only way out.

Tue, 11/27/2012 - 21:36 | 3016142 cossack55
cossack55's picture

I've always considered thermonuclear war as an attractive exit scene.

Wed, 11/28/2012 - 02:13 | 3016608 honestann
honestann's picture

Unfortunately, that might be their plan (the plan of the predators).  And it works great for the predators, since they know when to leave during the extermination, and where to hang out for as long as it takes.  While no price is too high to exterminate the predators-that-be and predator-class, you really do need to make sure it works, otherwise the price was too high.

Tue, 11/27/2012 - 21:30 | 3016131 Everybodys All ...
Everybodys All American's picture

Obama will win this political fight because the majority of Republicans have no spine to fight his ideology. For some reason they lack the same kind of conviction. Obama feels so much more confident in his stance and though I think he is completely wrong he will win any fight because of his sternness on this issue. Obama could not add up the math on these budget issues as he has self admitted as much and yet the opposition can't seem to find the zeal necessary to oppose him.

Obama wins this game hands down. By the way the country loses yet again.

Tue, 11/27/2012 - 22:05 | 3016202 donsluck
donsluck's picture

Obama wins what game? I think you are confused, Everybody, the conflict is the game.

Tue, 11/27/2012 - 23:11 | 3016290 Everybodys All ...
Everybodys All American's picture

This is not a "game"...it's a political fight of your generation. This is about ideology and the future direction of the country. Period.

 

A little reality from Karl D. http://market-ticker.org/akcs-www?post=214335 

Tue, 11/27/2012 - 21:33 | 3016138 icanhasbailout
icanhasbailout's picture

Can we try occupying one less country and see if that helps the budget?

Tue, 11/27/2012 - 22:11 | 3016201 tickhound
tickhound's picture

MY GRANDFATHER fought on the USS FORT TICONDEROGA - MANFRENGENSEN shooting down 11 jap planes before the ship sank.  HE SURVIVED SHARKS and dehydration for 4 DAYS before his dinghy was spotted and he was captured by a jap sub.  He spent 3 MONTHS in a concentration camp before being liberated all so YOU CAN BE FREE TO SAY WHATEVER YOU FEEL LIKE SAYING YOU UNGRATEFUL UNPATRIOTIC SOM BITCH.

 

- I had somebody pull this shit on me the other night when I suggested something similar to a "pretty bright guy."

Tue, 11/27/2012 - 21:44 | 3016146 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Bring on the fiscal cliff!!! 

Let the tax cuts expire.

Let's get on with sequestration.

Let the moron progressives of this nation take ownership for their unhinged delusional beliefs; federal unfunded liabilities may be as high as $100 TRILLION US Fun Bucks!

Just as with W., let the neocons in Obama's war crimes cabinet start more immoral, unholy wars against people of color who refuse to buy our debt or trade with our fiat currency.

Let this God forsaken country go to hell where it rightfully belongs.

When we are standing in the ash heap of what once was a great nation, remember to speak loud and clear and take steady aim at the scum bag crony capitalists/banksters/political whores who desrve a swift and lasting punishment.

Tue, 11/27/2012 - 21:45 | 3016155 Everybodys All ...
Everybodys All American's picture

The fiscal cliff is actually a pretty good start to getting our budget back in line and saving our credit rating. Will we be going into a recession as a result? Yep, and probably it's long overdue for a pretty bad one.

Tue, 11/27/2012 - 21:55 | 3016174 AllWorkedUp
AllWorkedUp's picture

" unholy wars against people of color "

 

Agree with everything you said except that comment left me scratching my head. If there were white people in the M.E. who didn't play the bankster/oligarch game we'd warring with them too.

 They did get us in a couple of wars with Germany. Last time I checked Germans were predominantly white.

Tue, 11/27/2012 - 22:18 | 3016223 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Addressing the current climate.  I'm not revisiting the political/military history of the USA.

Saddam Hussein

Muammar Qhaddafi

Bashir al Assad

Nameless Ayatollah's of Persia

Defiant Pakistani leaders

Un-cooperative African oil producing, mineral rich war lords

Tue, 11/27/2012 - 22:35 | 3016262 AllWorkedUp
AllWorkedUp's picture

Got ya.

Wed, 11/28/2012 - 01:14 | 3016552 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

This silly little bitch/boytoy using the monnikers Allworkedup and Harbanger is actually one and the same person. Very clever...until you look at your fucking profile and see you joined on the same day.....Professor(s)!

Anxiously waiting for a response(s) from one of your two fucking clown responses.

Are you a split personality, or just another mental defective that needs fake allies to prop up your baseless arguments?

Wed, 11/28/2012 - 01:20 | 3016564 Harbanger
Harbanger's picture

Your emotional response to my progressive comment outed you as a liberal troll girlfriend. 

Wed, 11/28/2012 - 01:32 | 3016569 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Who are you?

How many ZH accounts do you actually use? 

Harbanger and allworkedup are the same people. 

How many others?

Does the ability to multiple red arrow/green arrow give you a sense of control?

Does the fact I have caught you bother you?

Mental illness is a disease.

You need help.

FYI.....I notified TSA and several Jew neocons about your condition. They are monitoring your every move from a weaponized drone flying above your grandmother's basement.  Boo!

Wed, 11/28/2012 - 01:40 | 3016578 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Waiting for the second red down arrow from your best buddy, er second account, fucking retard.

Do you own weapons?

SCARY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Wed, 11/28/2012 - 01:47 | 3016585 Harbanger
Harbanger's picture

You're the freakiest troll I've ever outed, you deserve my signature trophy:

‹^› ‹(•¿•)› ‹^›

Wed, 11/28/2012 - 01:58 | 3016593 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Tyler, put this kid to bed.  He goes by the monniker(s) allworkedup and harbanger, possibly several more, and he just doesn't make a whole lot of sense.  He up arrows himself in multiples, as he down arrows others with his multiple personalities.

Most important, he does not make sense.

Please look into this weirdo.

I'm guessing there'll be several bodies in the crawl space.

Wed, 11/28/2012 - 02:22 | 3016612 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Just what I suspected.

Nothing but crickets and the sounds of silence.

Allworkedup,Harbinger,any other additional and bogus accounts,what do you have to say???????????????

Wed, 11/28/2012 - 02:33 | 3016622 Cathartes Aura
Cathartes Aura's picture

what to say?

I'm gonna downvote you now, and expect to receive the same as retaliation - but whining to a Tyler because someone "makes no sense" and might have multiple accounts. . .

please.

Fight Club - argue it out, or delete your account.

 

Wed, 11/28/2012 - 02:56 | 3016633 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

I don't retaliate, fucktard. 

I just noticed more than one person responding to my thread had accounts born on the same date. 

I also noticed similar up arrows and down arrows.

I don't give a fuck what you say or do; because if you agree with allworkedup/harbanger, you're just another dumb mother fucker with a teeny tiny little bitty brain.

Wed, 11/28/2012 - 04:13 | 3016682 Cathartes Aura
Cathartes Aura's picture

angry newb is angry.

I'm predicting you won't last long. . .

see ya round.

Wed, 11/28/2012 - 02:46 | 3016628 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Did you acquire your feminine qualities in the joint?

I'm guessing you did time for some minor offenses, then suddenly got hooked up with some overbearing dude who made you his boy toy.

Get off the drugs and the booze.

Get off of your knees.

Wipe the gook from your pathetic little mouth.

Act like a man, you pathetic little bitch!

Tue, 11/27/2012 - 22:47 | 3016285 Harbanger
Harbanger's picture

Why not send the God forsaken progressives to hell where they rightfully belong.  FYI- neocons are only progressive repubs.

Tue, 11/27/2012 - 23:26 | 3016370 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

You sure about that?  Do some basic research regarding State and Defense deptartments over the past 20 years. 

INDISTINGUISHABLE!

Get back....

Tue, 11/27/2012 - 23:40 | 3016413 Harbanger
Harbanger's picture

20 years? This country has been a progressive experiment since Woodrow Wilson.

Tue, 11/27/2012 - 23:52 | 3016429 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

You said: "FYI-neocons are only progressive repubs."  I answered for you to do a little research.  You then retort Woodrow Wilson blah blah blah..........

What is your point?

My point is neocons are in every nook and cranny of our Evil Empire.  Their primary purpose is to do the Jew's bidding.

Get back, this time with a point.

Wed, 11/28/2012 - 00:25 | 3016492 Harbanger
Harbanger's picture

I'm busy professor, sorry, do your own research.  I grade on a curve to be fair.   Progressives, yes, many were and are jews, they have brougt us to this point by progressively circumventing the US Constitution over the past 100 years.  they are and have been the "central planners".  From the creation of The Fed by Wilson and a progressive Keynesian economic system, to the modern Keynesian Military nation, krugman and Obama. 

Wed, 11/28/2012 - 00:35 | 3016504 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Harbanger

You are a complete wack job who talks in circles. 

My advice to you is stay away from the booze and pills. 

Your peanut sized brain is already on overload.

Mindless responses on ZH are a real nuisance.

Maybe go to the WSJ.com or Yahoo message boards to stimulate your bird fucking brain.

Wed, 11/28/2012 - 00:47 | 3016526 Harbanger
Harbanger's picture

If you can't see that we progressed into our modern condition purposely, maybe you're the bird brain.

Wed, 11/28/2012 - 00:50 | 3016531 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Get help.  You are a fucking retard.

Wed, 11/28/2012 - 02:07 | 3016604 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Click on the name Harbanger above.

Look at profile.

How long a member.

Compare to allworkedup.

Works in teams.

How many more multiple profiles for this bot?

Wed, 11/28/2012 - 02:25 | 3016615 Harbanger
Harbanger's picture

You're making an ass of yourself bitch, you sound hysterical.  I didn't mean you should to go to hell, just the other progressives.  You can be my GF.

Wed, 11/28/2012 - 02:35 | 3016624 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

WHO IS THIS?

Wed, 11/28/2012 - 02:45 | 3016627 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Allworkedup/harbanger.....and any addittional monnikers,

The proper authorities have been notified as to your shenanigans.

Your bullshit ZH career as a multiple poster is coming to an end.

Wed, 11/28/2012 - 02:47 | 3016631 Harbanger
Harbanger's picture

Does this mean you don't want to be my GF?

Wed, 11/28/2012 - 02:05 | 3016602 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Click on allworkedup. 

Look at profile.

How long it's been a member.

Do the same for Harbanger.

 

Wed, 11/28/2012 - 05:12 | 3016718 StychoKiller
StychoKiller's picture

Isn't there a dungeon somewhere that caters to you and your newfound friendz?

Tue, 11/27/2012 - 22:06 | 3016185 ebworthen
ebworthen's picture

Where's the restoration of Glass-Steagall and clawbacks of salaries, bonuses, and bailouts of the crooks on Wall Street?

Wed, 11/28/2012 - 04:11 | 3016681 NoClueSneaker
NoClueSneaker's picture

Gone with the wind .... - but the pig cosmetics line called Frank-Dodd Act has already a swine cunt feromones for the banksters : exemption of any regulation for FX interest swaps . Pump the bubble ad infinitum .

Tue, 11/27/2012 - 22:06 | 3016205 Hayabusa
Hayabusa's picture

Comon, it's all a charade... the repubs vs the dems is the biggest myth ever told (aside from the bible of course).  This whole thing is about short term profit gain for the rich and exploitation of all those under their control.  The sheeple are so fucken clueless it's astonishing.

Wed, 11/28/2012 - 04:21 | 3016685 NoClueSneaker
NoClueSneaker's picture

Yeah, but consider the fact : EU-sheeple much dumber than US sheeple. And no, EU sheeple do not own guns ... AR 15 & Glock are the "game changers".

200 West Street, NY . Party time .

Tue, 11/27/2012 - 22:10 | 3016214 woggie
woggie's picture

the beast is on the gobble
and all that matters is we're all headed for it's belly
http://youtu.be/ntmthFyaYzY

Wed, 11/28/2012 - 08:22 | 3016873 wonderatitall
wonderatitall's picture

dont let the cliff happen....push this racist bitch and the country over then shoot it

Tue, 11/27/2012 - 23:20 | 3016360 Tunga
Tunga's picture

Earlier on Fox News; 
 
Girl with perfect lip gloss and platform shoes: But we should be worried!
 
Guy with no tie: Let me give you the numbers... it is impossible to pay off the debt.
 
Guy with expensive suit: I hear what your saying but that's not what this show is about. We need people to think there's a reason they should care that they should be afraid. Terrified even.
 
Previous girl: If we weren't live on the air, I would blow you right now.
 
Suit guy: We'll be right back.

 

Wed, 11/28/2012 - 01:09 | 3016557 roymunnson
roymunnson's picture

Not the definition of Insanity...

 

Just saying

 

 

 

Wed, 11/28/2012 - 02:04 | 3016599 Lord Of Finance
Lord Of Finance's picture

I think this whole debate is a great opportunity to present a new method to explain this issue to the American people. We can have a public service message with a mascot to explain the threatening issue. In the tradition of 'Smokey the bear' and 'Mcgruff the crime dog', I would like to introduce everyone to a new kind of hero. This one doesn't prevent forrest fires or fight crime. He prevents economic recessions and fights debt. His name is 'Fiscal Cliff'. Old 'Cliffy' will teach all of us how to kick the can to the next congressional session.

Yes, I do want to see a talking mountain side telling me that only politicians can solve debt problems.

Wed, 11/28/2012 - 15:31 | 3018204 flapdoodle
flapdoodle's picture

Oh the possibilities! How about "tiny timmy the deformed wall street puppet dwarf"

Wed, 11/28/2012 - 02:04 | 3016601 glenlloyd
glenlloyd's picture

I don't think it pays to worry about something that's already been decided, and watching the circus carry on the way they do when we know in the end the spending will not decrease and that taxes will likely go up.

You can tell your rep/senator what you like but they don't pay much attention because you don't visit their office with a briefcase full of cash and promises of more of the same.

This failed system will go on until it doesn't and when that happens we'll all be told the same old stories again how no one could have foreseen any of this. And even then there will be a lot of people who believe that tripe. It's a shame that such a huge percentage of the population just isn't paying any attention.

The only question I have is how bad does it have to get before everyone realizes they've been played as fools...again?

Wed, 11/28/2012 - 09:14 | 3016945 orangegeek
orangegeek's picture

Lots of focus on the US and debt.

 

The real pile of dogshit is the Europe debacle and China.

 

Have read a few articles about China here - A COMMUNIST COUNTRY - and its pending collapse - the Shanghai topped in 2010 and pushed up in 2011.

 

http://www.zerohedge.com/news/2012-11-22/whither-china-end-extrapolation  - this is the best one and worth reading.

 

Europe is just trash.

 

So folks, pick one.  Europe?  China?  The US?  Just one.   Pick none if you want to and can leave the planet.   It's just the reality of our dire situation that is going to get far worse.

Wed, 11/28/2012 - 22:24 | 3019221 Amagnonx
Amagnonx's picture

Go around them - Bitcoin, crowd funding and precious metals all the way.

 

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