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The US Is Not Egypt But Is Obama About To Go 'Morsillini'

Tyler Durden's picture





 

UPDATE: Senate Republicans block vote on President Obama's debt-limit plan

The Pharaoh-like power-grab of omnipotence that Egypt's Morsi recently pulled seems to have set a precedent among newly 'elected' leaders. This morning, as per Bloomberg, we hear that Obama (and his viceroy Harry Reid) plan to demolish the idea of congressional checks on the debt limit. Incredibly ironic timing - given our previous post (in which Rick Santelli explains why this is a potential disaster), but placing that much unlimited money power in the hands of one man seems like a mistake:

  • *OBAMA PLAN CALLS FOR END OF LAWMAKER APPROVAL OF DEBT LIMIT
  • *REID SAYS SENATE MAY VOTE ON OBAMA DEBT-LIMIT PLAN TODAY

 

Perhaps - though obviously politically biased, Mitch McConnell is on to something (as per National Review):

“By demanding the power to raise the debt limit whenever he wants by as much as he wants, he [Obama] showed what he’s really after is assuming unprecedented power to spend taxpayer dollars without any limit,” McConnell said.

 

“Look: the only way we ever cut spending around here is by using the debate over the debt limit to do it,” he added. “Now the President wants to remove that spur to cut altogether.”

 


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Thu, 12/06/2012 - 14:19 | Link to Comment Lost Wages
Lost Wages's picture

NO LIMIT!

Thu, 12/06/2012 - 14:20 | Link to Comment EnglishMajor
EnglishMajor's picture

Laws? We don't need no stinking laws.

Thu, 12/06/2012 - 14:22 | Link to Comment Chuck Bone
Chuck Bone's picture

Obamana republic

Thu, 12/06/2012 - 14:24 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Wow, I leave the country for just DAYS, and things get worser and worser and worser.

Hey, but it´s what America voted for...

Forward, Soviet!

Thu, 12/06/2012 - 14:31 | Link to Comment nope-1004
nope-1004's picture

Obummer for Osama.

 

Thu, 12/06/2012 - 14:41 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Seriously, who is bold enough to believe that there should be any constraint, however procedural and even symbolic, on the King, bitchez?

 

Thu, 12/06/2012 - 14:45 | Link to Comment Dr Benway
Thu, 12/06/2012 - 14:59 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

I couldn't be happier until I read the update. 

The quicker we head towards the end, the quicker we can pull ourselves out of this.

I hate the idea of it, but if we just limp along to get along, we'll never blow this place up.

Thu, 12/06/2012 - 15:19 | Link to Comment NotApplicable
NotApplicable's picture

"Shall Not be Questioned," bitchez!

Thu, 12/06/2012 - 15:28 | Link to Comment Race Car Driver
Race Car Driver's picture

Most folks don't have a clue of what you're talkin' about.

Thu, 12/06/2012 - 15:34 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I heard that once you go unlimited fiat printing whore, smoking the roof-less crack, you never go back.

Thu, 12/06/2012 - 18:26 | Link to Comment chet
chet's picture

"but placing that much unlimited money power in the hands of one man seems like a mistake"

As I've pointed out here a hundred times, the President isn't in charge of spending.  Congress, the Legislative Branch, is in charge of adopting a budget and okaying the spending.  If there is not enough money to cover it?  Congress is responsible for that too, because they determine taxation.

What happens in the US, and has happened for decades, is that Congress spends more than it has, and then the President has to ask to then to increase the debt limit.  Because they Congress created/perpetuated the debt.

Doing away with the debt ceiling votes (which is basically automatic anyway) would not give the President "unlimited money power."

Fri, 12/07/2012 - 00:19 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Seriously, who is bold enough to believe that there IS any constraint, whatsoever?

Fixed. He what makes the gold, makes the rules.

Thu, 12/06/2012 - 14:45 | Link to Comment old naughty
old naughty's picture

Ever wonder the two spellings are so alike?

Thu, 12/06/2012 - 15:16 | Link to Comment Doña K
Doña K's picture

I have posted this several times. Obama will pull a Chavez before 2016. 

Warnings of take overs are never foreseable. They just happen while you are hugging your children during Christmas or sleeping during a long weekend.

Thu, 12/06/2012 - 18:15 | Link to Comment XitSam
Thu, 12/06/2012 - 14:44 | Link to Comment Shameful
Shameful's picture

Now in America's defense it's not like there hasn't been widespread vote rigging since at least Kennedy.  Further it's not like Mittens was different.  At this point all we can do is kick back and enjoy the free fall.  Least now we know the metals are money good as America accelerates towards the wall of reality.  If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Thu, 12/06/2012 - 14:58 | Link to Comment ZerOhead
ZerOhead's picture

If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Now that's what I call the ultimate Silver Lining to the dark storm clouds gathering on the horizon... or directly overhead if you live in Greece, Spain, Ireland, Italy, Japan...

Thu, 12/06/2012 - 16:18 | Link to Comment cxl9
cxl9's picture

If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Yes. The ability of a government to harass, abuse and oppress the citizens is directly proportional to the amount of money it has, whether that money comes from taxes, oil sales, borrowing, or any other source. That is the reason I feel so much safer and freer living in Mexico than in the United States. The Mexican government barely has enough money to keep itself functioning, never mind building a totalitarian state. Plus, of course, it's difficult to build an estado policíaco when your employees take two-hour siestas.

Things probably don't bode well in the United States. At some point in the last few years, those in power realized that the collapse is now inevitable, and since then they and their friends have been actively looting the Treasury (and by extension the "full faith and credit") of the nation as fast as they can. But the Federal government has so much money and access to such resources that it could probably still build and maintain a police state for a long time. Eventually it will collapse, of course, as all police states do. But not before a lot of people have been beaten, robbed, imprisoned, or murdered by a menacing government, flailing about in its death agonies.

Thu, 12/06/2012 - 14:44 | Link to Comment j0nx
j0nx's picture

1 rifle, 2 comrades. FORWARD!

Thu, 12/06/2012 - 14:59 | Link to Comment camaro68ss
camaro68ss's picture

the man with the ammo follows the man with the rifle, if the man with the rifle falls, then the man with the ammo picks up the rifle and moves forward.

you must keep moving forward commrads, not one step back. FORWARD, OFF THE CLIFF.

Thu, 12/06/2012 - 15:17 | Link to Comment zapdude
zapdude's picture

Call of Duty

Thu, 12/06/2012 - 15:41 | Link to Comment LFMayor
LFMayor's picture

I think you mean the Battle of Stalingrad.  There actually was history before the advent of video games, you know.

Thu, 12/06/2012 - 18:09 | Link to Comment zapdude
zapdude's picture

Yes of course.  I enjoyed COD largely due to its historical accuracies from the perspectives of American, British and Russian soldiers.

Thu, 12/06/2012 - 14:46 | Link to Comment MachoMan
MachoMan's picture

Considering voter turnout, I'm not sure how you can say america actually voted for anyone in particular...  a plurality at best (especially considering the number of real voters was probably materially lower than the number of votes cast).

Thu, 12/06/2012 - 14:53 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

MachoMan, I am not sure exactly what you mean here, but let me pass on something I both read and heard.  If we had GREATER turnout, it would have been even more a lopsided victory for the D-Team.  If so, then we have a long grim future ahead of us as the Takers will take from the Producers.

I cannot say for sure, as I have not studied this wrinkle, but it does make some sense.  Comments on this notion, for the education of a Bearing, are most welcome.

Thu, 12/06/2012 - 15:30 | Link to Comment MachoMan
MachoMan's picture

I am saying that most americans did not vote for the president...  only a plurality did.  Technically speaking, he is elected according to the requirements of our laws (or, alternatively, no one is going to have a successful challenge), so in this sense, you may say he is elected... 

however, I dispute that the election was anything for americans to be elated about...  there was less of a turnout than 08 and 04...  somewhere between 50% and 60% of americans eligible to vote (significantly less than the number of americans) turned out and voted for the election...  roughly 1 out of every ~3 (probably upper 2.xx range) people in america voted...  to me, this says people do not believe that it is in their interest to bother voting...  of the remaining idiots who did vote, their vote was fairly evenly split, with a slight nod to obama. 

In the end, we're left with 1 out of every ~2.75 folks living in america voting in the election and half of those voting ended up choosing someone other than the president.  Tell me, with a straight face, america elected him...  I think it would be more accurate, substantively speaking, to say that inertia elected him... 

Thu, 12/06/2012 - 15:33 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

election fraud only happens when the candidate with "D" does not win. when was the last time a "D" cared about voter fraud unless the "R" won?

Thu, 12/06/2012 - 18:04 | Link to Comment holdingontomypants
holdingontomypants's picture

it wasn't a voter turnout it was a welfare turnout.

My 49 year old former electrician now disabled social security beneficiary brother who had been full blown republican all his life pulled the Rhino act and voted for Obama not once but twice. It took awhile to get him to admit this at last months family BBQ and he probably wished he never shared that with us. He left the BBQ after five minutes of tongue lashing from the rest of the family over his disclosure. Asked why he voted for Obama he said he felt Obama would do more to protect his disability payments. He went on disability 5 years ago after winining a cancer of his throat battle. It did not surprise me as I already knew most welfare recipients voted for Obama for pretty much the same reasons my brother stated.

Thu, 12/06/2012 - 21:30 | Link to Comment midtowng
midtowng's picture

Christ. Do you guys bother to read more than the headlines of an article?

A president calling for Congress to do something is NOT a power grab.

Whoever wrote this article needs to apply for a job at Fox News.

Thu, 12/06/2012 - 16:02 | Link to Comment zerozulu
zerozulu's picture

Laws are for pussies.

Thu, 12/06/2012 - 14:23 | Link to Comment Looney
Looney's picture

The US Is Not Egypt But Is Obama About To Go 'Morsillini'?

Sure! Go muslim all the way! ;-) And also make the Supreme Court handle traffic tickets! ;-)

Looney

Thu, 12/06/2012 - 14:50 | Link to Comment caconhma
caconhma's picture

Please don't compare Egypt and America.

Morsi (who by the way has an American citizenship) miscalculated Egyptians. He assumed that they are passive and stupid like his fellows Americans.

There in Egypt, people have learned to fight and die for freedom, democracy, and changes and are not afraid of their secret police, army, and torture prisons. In America, people will have to learn to fight and die for their freedom. It is not known yet that Americans will be able to do it. After all, America is a Zionist-controlled colony with a Kenyan ruler in charge.

 

 

Thu, 12/06/2012 - 15:43 | Link to Comment LFMayor
LFMayor's picture

Yeah, those rape squads with their dirty little brown dicks are JUST LIKE Adams, Hamilton and Jefferson!  Patriots, all!

Thu, 12/06/2012 - 16:13 | Link to Comment TonyCoitus
TonyCoitus's picture

Walk like an Egyptian Bitchez!

Thu, 12/06/2012 - 14:36 | Link to Comment LongSoupLine
LongSoupLine's picture

here's the difference:

 

Morsillini = rioting in the streeets and storming of the presidential compound.

Barry O = "We should riot...right after I cash in my SNAP and watch X-Factor.

 

We are completely fucked because this country got what it voted for...a mirror image of the majority voting base.

Thu, 12/06/2012 - 14:44 | Link to Comment SV
SV's picture

Might as well go no limit because you're sure as heck not going to run it on 8 days of revenue.

Thu, 12/06/2012 - 15:28 | Link to Comment youngman
youngman's picture

CNBC did a survey this am and they found that 30% of the people didn´t even know what the term fiscal cliff was......so Obama´s tax the rich will work for them...they have no idea what is going on...unfortunatly they can vote

Thu, 12/06/2012 - 15:46 | Link to Comment astoriajoe
astoriajoe's picture

so 70% had some idea? I find that unlikely.

Thu, 12/06/2012 - 16:13 | Link to Comment object_orient
object_orient's picture

The 70% knew it had something to do with a "fiscal" or a "cliff."

Thu, 12/06/2012 - 18:44 | Link to Comment BraveSirRobin
BraveSirRobin's picture

 I pledge allegiance to Barak Obama, and the hope and change for which he stands, one nation, under Obama, with spreading around the wealth and redistributive justice for all

Thu, 12/06/2012 - 14:20 | Link to Comment Xibalba
Xibalba's picture

All hail King Kong!  

Thu, 12/06/2012 - 14:21 | Link to Comment mrktwtch2
mrktwtch2's picture

THIS PRESIDENT IS GOING TO GET  A HEART ATTACK IF HE KEEPS GOING DOWN THIS PATH..LOL.

Thu, 12/06/2012 - 14:22 | Link to Comment Dr. Engali
Dr. Engali's picture

Fucking spend it! Turn the debt creation up to ludicrous speed, and let's see what this bitch can do!

Thu, 12/06/2012 - 14:24 | Link to Comment inevitablecollapse
inevitablecollapse's picture

Ludicrous Speed!  http://youtu.be/ygE01sOhzz0

Thu, 12/06/2012 - 14:28 | Link to Comment Overfed
Overfed's picture

What the hell do we have, a Quisinart!?

Thu, 12/06/2012 - 14:53 | Link to Comment bigdumbnugly
Thu, 12/06/2012 - 18:21 | Link to Comment XitSam
XitSam's picture

Wow, the driver has all that safety gear on and she .... hey ... oh.  Nice.

Thu, 12/06/2012 - 14:24 | Link to Comment t_kAyk
t_kAyk's picture

Just crank it up to plaid, maybe if we hit the cliff fast enough we can jump the gorge. 

Thu, 12/06/2012 - 15:12 | Link to Comment THX 1178
THX 1178's picture

Yes. Seriously, yes. We're hyperinflating to pay it off, and then returning to the gold standard... so yes, the higher the debt, the better.

Thu, 12/06/2012 - 18:17 | Link to Comment holdingontomypants
holdingontomypants's picture

I propose the fed reserve just write a one time special program and deposit one billion dollars into every Americans bank account overnight. Then we can all buy a piece of property, some food, dig a well, guns, ammo, Xbox, and wait the implosion and come out of our holes in five years and start all over.  

Thu, 12/06/2012 - 14:22 | Link to Comment inevitablecollapse
inevitablecollapse's picture

was talking to my wife this morning as she walked in on me reading ZH (thankfully i wasn't caught 'reading' another site) - she asked me 'why do you read this stuff, it just pisses you off'.  my answer was that 'a person can only live so long with their head up their ass and sooner, rather than later, more and more folks will be removing heads from asses and realizing what the fuck is really going on in this country'.  at least that is my 'hope', as for 'change', this site has completely changed the way i look at things and i am thankful for it.  

Thu, 12/06/2012 - 14:31 | Link to Comment Zenseless
Zenseless's picture

Initially, my wife would walk on me watching midget tranny porn or a meat stomping fetish website.  Later, it became ZH.  She preferred the former.

Thu, 12/06/2012 - 14:33 | Link to Comment nope-1004
nope-1004's picture

You SEC employees are certainly unique.

 

Thu, 12/06/2012 - 14:56 | Link to Comment camaro68ss
camaro68ss's picture

I went from American Idle and dancing with the starts to Zero hedge and doomsday preppers.

 

Now I’m burdened with the knowledge of impending collapse of the global markets. I took the red pill and can never go back. Nor do I want too. its like the dam matrix in real life. those who know, those to dumb and blind to know.

Thu, 12/06/2012 - 15:17 | Link to Comment Tom Servo
Tom Servo's picture

I understand completely, except i'm not allowed to watch DD preppers as it leads me to buy stuff i really don't need, and I don't want to be in the doghouse.  I try sharing with coworkers, and failbook people, but their normalcy bias clouds them from seeing it.  I sometimes envy them....

Thu, 12/06/2012 - 16:46 | Link to Comment stuman
stuman's picture

+1 

Been a few years for me as well. I slowly went from knowing basically nothing about current world events, politics or paying attention to economic news...to where I am now, where I pay attention to it all and study it every day.

Very few friends will listen about the concerns I try to show and share with them, even when I have legitimate source material and not just floating my opinion. It's like they just want to ignore it and maybe I'm wrong or it'll all go away.

I do what I can to pass along info I feel is important, but I think most are thinking I'm a conspiricy nut.

Some of the problem is that in today's world TBTB hide their intent and "agenda" in plain sight. And because it's so insidious, they know that when people come across it and try to raise a voice of warning, that their voice will be drowned out by the masses/media dismissing it as just another "conspiricy theory".

I took the Red Pill as well...and there truly is no going back.

I thank ZH in part for that!

 

 

 

Thu, 12/06/2012 - 14:35 | Link to Comment inevitablecollapse
inevitablecollapse's picture

mine is slowly coming around, but it's taken 8 years and a son to get her to realize that people magazine and E! News is not a true reflection of what is going on out there.  she lived a priveledged youth, I did not, so it's made for some interesting conversations regarding politics, the role of government and how quickly things are going downhill.

Thu, 12/06/2012 - 14:40 | Link to Comment Zenseless
Zenseless's picture

sarc aside, 6 months after she started reading she got her FOID, and she's getting a Winchester 837 under the tree this year.

Thu, 12/06/2012 - 16:40 | Link to Comment XitSam
XitSam's picture

I had to look up what a FOID was (a firearm owner's identification card in Illinois).  Man you need to get out of that state and get where you can concealed carry without a government permit.

Thu, 12/06/2012 - 18:25 | Link to Comment holdingontomypants
holdingontomypants's picture

I live in Arizona and love it. No permit needed to carry open or concealed and I can be shooting 5 minutes from my house. No waiting period to buy a firearm and no gun registrations no matter what city you live in. And yes, we have mountains, lakes, deer, elk, bear, ect....oh yeah..we also have illegals but doesn't everybody!!!

Thu, 12/06/2012 - 14:44 | Link to Comment insanelysane
insanelysane's picture

Takes time and patience.  My wife went to public schools including state college just like me and I finally got through to her after asking the following question over and over.

"What advantage did you or I have over these poor shleps?"

Thu, 12/06/2012 - 15:03 | Link to Comment MachoMan
MachoMan's picture

Wisdom here.  I have a sneaking suspicion that most ZHers manage their families' money...  it takes people a LOT longer to recognize the problems in our economy when they don't handle rudimentary/day-to-day finances or have any real, working knowledge of finance/economics/accounting.  Essentially, talking about this stuff just flies over the head until there is an observation of the problem.  Once people can actually observe the problem in their lives, then you can fill in the back story for them and have some chance at them being receptive.

I get a decent amount of traction with using oil/gasoline and cost at the grocery store as an example...  you have to tie in your thesis with things that they have observed and can repeatedly observe if they choose.  It's also easy to get carried away given the complexity of the situation...  which means you need to keep it simple at first and expand once you get some actual buy-in.

The other aspect is that telling other people about these things (unsolicited) reveals a lot more about you (us) than them.  In the end, it's our intrinsic motivation that drives us to discuss rather than a desire on their part to actually listen.  Fine line between fruitful discussion and preaching. 

Thu, 12/06/2012 - 15:49 | Link to Comment alfred b.
alfred b.'s picture

 

      As long as we're talking about wives...mine left me, finally!

    It's ok, I got the silver...lol

 

 

Thu, 12/06/2012 - 18:09 | Link to Comment OpenEyes
OpenEyes's picture

I carry a 1961 mercury dime in my wallet.  I find that by showing it to someone and sharing a few examples of what it would buy then, followed by what the current value of it will buy in today's dollars usually gets the door pretty far open for further conversation.

Thu, 12/06/2012 - 14:39 | Link to Comment inevitablecollapse
inevitablecollapse's picture

btw, water out the nose with the 'meat stomping fetish' comment - classic

Thu, 12/06/2012 - 14:48 | Link to Comment catacl1sm
catacl1sm's picture

meat stomping? I'll have to google that.

Thu, 12/06/2012 - 17:06 | Link to Comment cougar_w
cougar_w's picture

Don't. Some evils should be left undisturbed.

Thu, 12/06/2012 - 14:42 | Link to Comment JustPrintMoreDuh
JustPrintMoreDuh's picture

So you took the red pill and forever parted ways with blissful ignorance ... congrats/condolences ... 

Thu, 12/06/2012 - 14:44 | Link to Comment klockwerks
klockwerks's picture

I wish I could believe that people will wake up but, trust me, it will not happen. If they aren't watching the slow train wreck now, when it does go down the tubes they will just look to big brother to take care of them. Really sad but for yourself, prepare for the very worst you can think of and get ready as it appears as though we are going now at breakneck speed. I started 4 years ago knowing the past of our dear leader and knew at that time this was not going to turn out good and, we are almost there. I'm glad I'm 68 as I won't have to see much of it

Thu, 12/06/2012 - 15:00 | Link to Comment inevitablecollapse
inevitablecollapse's picture

i've been on the path for about 6 mos now - the thing that really got her on board with me was that SGT micro-doc 'Madness of a Lost Society' and the part at the end with the old lady pleading for Obama and the gubmint to come save her.  http://youtu.be/p_Ic_OvIPtU

 

When the whole shithouse goes down, the only people you can count on is yourself and maybe a few trusted neighbors / family.

Thu, 12/06/2012 - 15:08 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Yes, klockwerks and inevitablecollapse.  Sad but true. The awakening is far too slow.

+ 1 to yuz!

Maybe a little gold will please the Mrs!  Give her something HEAVY in 18 karat!

Thu, 12/06/2012 - 15:13 | Link to Comment klockwerks
klockwerks's picture

No gold but 2 monster boxes of silver and working on a 3rd. She is also in to it so that helps a bunch. Much better when your on the same page. Drying apples today, potatoes tomorrow just like the kids and I did in the 60's while we watch the Lions get beat every Sunday

Thu, 12/06/2012 - 16:39 | Link to Comment SubjectivObject
SubjectivObject's picture

I tell people:

Zerohedge:  It's a front row seat on the slow motion train wreck that is Modern Civilization.

Not that they take the time to sound out the words in the sentence or anything.

Thu, 12/06/2012 - 14:50 | Link to Comment Poetic injustice
Poetic injustice's picture

Yes, but after ZH you feel less happy and more misogynistic.

btw, for lulz and ideas on how to call in sick at work:

http://d24w6bsrhbeh9d.cloudfront.net/photo/6003599_460s_v1.jpg

Thu, 12/06/2012 - 15:33 | Link to Comment Matt
Matt's picture

Did you mean misanthropic? As in towards humanity in general, rather than a hatred of women?

Thu, 12/06/2012 - 15:45 | Link to Comment catacl1sm
catacl1sm's picture

No, he meant misogynistic, bitchez.

Thu, 12/06/2012 - 16:26 | Link to Comment Poetic injustice
Poetic injustice's picture

No he is right, I should hate everybody equally.

Thanks for clarification.

Thu, 12/06/2012 - 15:12 | Link to Comment FL_Conservative
FL_Conservative's picture

Welcome to the club!  We have jackets!

Thu, 12/06/2012 - 15:38 | Link to Comment inevitablecollapse
inevitablecollapse's picture

are they FMJ?

Thu, 12/06/2012 - 14:23 | Link to Comment SilverIsKing
SilverIsKing's picture

Good for gold.

Thu, 12/06/2012 - 14:23 | Link to Comment seek
seek's picture

...and once he has that power, it's just a hop, skip and jump to reallocate spending as he sees fit.

Congress does something like try to shut down the TSA by removing funding, fine -- reallocate from elsewhere.

Once the President is in control of both spending and debt limit, he really is a dictator, with no hyperbole.

I sure as hell wouldn't want a president from either side of the aisle of the One Party with that power.

Thu, 12/06/2012 - 14:33 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 

Yes, as much as I see that both parties have a different agenda, than, ahh, improving the lot of America, there IS a difference.  Your view re having a One Party State shows that there is (some) difference between them. 

However unpopular that view is here at ZH, it is the truth.  Even if they both suck, one sucks worse. 

We may soon see a vivid demonstration of the power of the Left in America.  Now that the nation is over 50% Takers!

Merry Christmas, America, Santa Claus is coming!  Free Shit Empire: Four More Years!

Thu, 12/06/2012 - 14:45 | Link to Comment James-Morrison
James-Morrison's picture

People will wonder how the hell we let things became so screwed-up. 

Like a locomotive veering off course, it's sometimes easier to fix something that has crashed, than it is to stand, undermanned and try to stop it. 

Thu, 12/06/2012 - 14:52 | Link to Comment insanelysane
insanelysane's picture

Exactly.  They want control regardless of party affiliation.  We could have a flat tax of X%.  Just take X% out of the paycheck, dividend check, etc.  It would be simple but that would mean that politicians would lose the power to have people "donate" to their campaigns in order to get deductions, exemptions, progressions, credits, etc.

Thu, 12/06/2012 - 14:57 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Better yet: a National Sales Tax!  A voluntary tax.  Non-intrusive to boot.

Sadly that will never happen.

Thu, 12/06/2012 - 14:58 | Link to Comment Temporalist
Temporalist's picture

I don't know about the "one sucks worse" bit especially when the "other" choice are supported by a group of religious zealots who promote statist militarism (ultimately the largest socialist government body) and corporatocracy.

They are the same but with different monied interests and they both prostitute themselves and pander for votes making promises they can't possibly keep.

Thu, 12/06/2012 - 15:10 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Just speaking out of self-interest here, one DOES suck worse.

Very true re prostitution, they´re both a horde of whores.

Thu, 12/06/2012 - 15:17 | Link to Comment Renewable Life
Renewable Life's picture

Where the parties are EXACTLY THE SAME:

-Foreign Policy belief in Globalist Corprate Expansion backed by never ending Military Industrial Complex spending.

-Kenysian belief in fiat currency, debt spending, government entitlements, corporate favors, and federal bailouts (regardless of the bullshit election rhetoric every year)

Where the parties are DIFFERENT:

-gay marriage, abortion rights, birth control issues, and WHO should get the government entitlements, corporate welfare, and tax breaks!

SOME FUCKING DIFFERENCE! It's a joke really, and frankly why the GOP is so fucking freaked out by this whole situation! Obama has "taken" their traditional allies in corporate business and government military spending, and turned them against the GOP! Because THEY all believe in those first two listed policies, and for decades have bought politicians who will also parrot those beliefs, which of course are absolutely NOT in the interest of the average American! So now the GOP finds itself on the outside of the money and power, looking in, standing terrified with the average American!

Which is why they will fold like a cheap suit, the second they can! But NOT before Obama beats them like little red headed step children for weeks more, and makes them scream out with fear and panic, and bow down and kiss the ring!! Which they will, because they are much more fucking scared that Lockheed Martin might not like them anymore, then they are embarassed that Obama has made clowns and fools out of of all of them, and exposed them for the fucking frauds that they are!

Hey GOP, its fucking cold out here in the dark world with no power or money, isn't it!  This is where the average American has been living for the last three or four decades, while you cocksuckers had your cake out on main street and ate it too with your big buddies on wall street!  Fuck you guys, if you think I'm coming to help you pussies now, keep resigning, keep drowning, keep getting fired from your corporate boards and think tanks until the whole fucking party is burnt to the ground and is nothing but a pile of ashes, and THEN maybe what could rise from those ashes MIGHT represent the people again, if not good riddance!!

Thu, 12/06/2012 - 16:43 | Link to Comment zerozulu
zerozulu's picture

"Once the President is in control of both spending and debt" I wonder people still have their head in their asses. Let me correct this.

"Once the Pxrxexsxixdxexnxtx xixsx Jews are in control of both spending and debt"

Thu, 12/06/2012 - 14:24 | Link to Comment MrTouchdown
MrTouchdown's picture

I noticed that whenever Obummer is asked about this stuff he always starts his explanation with "I just think..." This is because he isn't interested in things like results or precedent, he just goes with his gut, and for statists, that's all they need - a good feeling. Hey! It worked during feudal times, right? Oh no wait; no it didn't.

Thu, 12/06/2012 - 14:28 | Link to Comment Zenseless
Zenseless's picture

"We're not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you've made enough money."

Thu, 12/06/2012 - 14:59 | Link to Comment klockwerks
klockwerks's picture

And who may I ask decides the amount? That's really stupid

Thu, 12/06/2012 - 16:43 | Link to Comment MrTouchdown
MrTouchdown's picture

That's a good example! Here's another:

 

http://youtu.be/sJ8t-rMs4R0

 

The guy needs to do less thinking. Everytime the "thinks" something we all get hurt.

Thu, 12/06/2012 - 14:25 | Link to Comment Essential Nexus
Essential Nexus's picture

I HEREBY INCREASE THE LIMIT TO INFINITY! AND BEYOND!!

Thu, 12/06/2012 - 14:26 | Link to Comment Larry Dallas
Larry Dallas's picture

You have to hand it to O. He is wasting no time at all running this country into the ground as fast as humanly possible.

Thu, 12/06/2012 - 15:01 | Link to Comment klockwerks
klockwerks's picture

Yes he is and  very sucessful in doing so

Thu, 12/06/2012 - 14:26 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

All the money is gone. Detached from its moorings, set adrift.Just borrow more, so that it becomes more unreal. Nice feedback loop, like lucid dreaming.

Just one big print fest. So who cares about debt limits? Benny has already told us that the project is unlimited.

Thu, 12/06/2012 - 14:27 | Link to Comment Quinvarius
Quinvarius's picture

Not to sound like Robotard, but this would be bullish if it had a chance in Hell of passing.  This ignorant debate paralyzes the economy 2 months of every year as it is.  The system requires us to create more fiat.  It may not be what we set out to create.  But it is what we have. 

Thu, 12/06/2012 - 14:28 | Link to Comment catacl1sm
catacl1sm's picture

He's a modern day FDR.

Thu, 12/06/2012 - 14:31 | Link to Comment Quinvarius
Quinvarius's picture

At least FDR stopped slavery and put a man on the moon.

Thu, 12/06/2012 - 14:37 | Link to Comment inevitablecollapse
inevitablecollapse's picture

he also did this! http://en.wikipedia.org/wiki/Newport_sex_scandal

The Newport sex scandal arose in 1919 from the United States Navy's investigation of illicit sexual behavior on the part of Navy personnel in Newport, Rhode Island. It targeted homosexual contacts between Navy personnel and the civilian population. Initially it attracted little public notice, but eventually the investigation – its methods and use of enlisted personnel – and the trial attracted national news coverage and provoked a Congressional investigation that ended with Secretary of the Navy Josephus Daniels and Assistant Secretary of the Navy – future President of the United States - Franklin D. Roosevelt being rebuked by a Congressional committee.

 

Thu, 12/06/2012 - 14:46 | Link to Comment otto skorzeny
otto skorzeny's picture

wow- sodomy among the effete east-coast elite prep-shool boys -shocking. even "tough-guy" W minced around in a cheerleader outfit at Yale. they all get that disgusting trait from their WASP forefathers from England

Thu, 12/06/2012 - 15:17 | Link to Comment Overfed
Overfed's picture

Bohemian Club, bitchez!

Or is it, Bohemian Club bitches?

Thu, 12/06/2012 - 14:29 | Link to Comment Jason T
Jason T's picture

Andrew Mellon!!!!!!!!!!!!!!!!!!  

"liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."

Thu, 12/06/2012 - 14:46 | Link to Comment lolmao500
lolmao500's picture

America needs a Harding as president to fix all this financial crap in one shot. Then you need sane people in congress to put laws so that this kind of bubbles never occur again.

Thu, 12/06/2012 - 14:30 | Link to Comment djbaum741
djbaum741's picture

anyone else notice how on the 8's spx ticks up 3 or 4 points and then comes back down.  is this the fucking weather channel. the gov. intervention / fed is so obvious.  cant go lower than 1400.  free market, ha.  what a joke

Thu, 12/06/2012 - 14:33 | Link to Comment cougar_w
cougar_w's picture

It's Obama's idea, but both parties want this. It will probably sail through somehow, maybe by Executive fiat.

But mark me, everyone wants this.

The reason is simple; they are not now or ever going to rein in the debt. They cannot, they will not, they dare not. The sanity of the nation, it's fat, it's welfare enslaved, it's yearning to be at Walmart, will go absolutely bat-shit crazy if the money isn't printed and thrown out of helicopters. The currency TheFed are debasing is set to vanish into the memory hole of history anyway, they could not care less about the dollar. Probably already have plans in the mill to issue a new currency or to create a monetary union with Canada and Mexico. So they will kill the debt ceiling, purge their ranks (both parties, get that part?) of fiscal hawks, and flog this calloping nag into the finish line of debt repudiation and fiscal reset.

Hang onto your hats boys, the race is finally on. Last to the bottom wins it all.

Thu, 12/06/2012 - 14:38 | Link to Comment Dr. Engali
Dr. Engali's picture

You're right Couger. There is no turning back on this. The repukes will pretend like it's the worst thing in the world, but they want it just as bad as he does because they know iwe are at the end game and it's time to suck the rest of the life from the host. That's why I say let them have it and spend like there is no tomorrow.

Thu, 12/06/2012 - 14:44 | Link to Comment fonzannoon
fonzannoon's picture

Doc i'm starting to think Kito ate the juicy steak and went back into the matrix and left us here. what do u think?

Thu, 12/06/2012 - 14:47 | Link to Comment Dr. Engali
Dr. Engali's picture

I was thinking the same thing. I haven't seen him or Sloane on for a while. Maybe they had to take a mini sabbatical. This can wear on you day after day.

Thu, 12/06/2012 - 14:59 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 to all just above for great dialog.

Thu, 12/06/2012 - 14:40 | Link to Comment forwardho
forwardho's picture

Holy cow cougar, thats one hell of a pargraph. Awake/Aware

Thu, 12/06/2012 - 15:10 | Link to Comment cougar_w
cougar_w's picture

I'm so awake these days I take sleep aids just so I can have normal conversations. I'm so aware I see black+white photos in full color.

It's like having half your brain devoted to getting through every day with your sanity intact, and the other half calculating the optimal mass of the Higgs Boson moving across a 6-dimensional Calabi–Yau manifold. You know what I mean? Just like that. Only worse because this monetary policy stuff is harder to follow.

Thu, 12/06/2012 - 15:28 | Link to Comment tsx500
tsx500's picture

you had me at Calabi-Yau manifold !

Thu, 12/06/2012 - 18:42 | Link to Comment viahj
viahj's picture

good stuff.  i think after they blow up the Fed, BoE and the ECB, they will try to take their fiat circus globally.  it's now or never for the NWO folks cuz, China is getting too strong to push around and they don't plan on being subserviant to the West any longer.

Thu, 12/06/2012 - 14:31 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

 

Krugman just had a nuclear fucking accident in his pants.

Thu, 12/06/2012 - 15:12 | Link to Comment cougar_w
cougar_w's picture

Except that was no accident.

Thu, 12/06/2012 - 14:39 | Link to Comment TheLastMan
TheLastMan's picture

Pharaoh Bama.  The ancient Eqgyptians received (slavery) full employment and beer in exchange for their services in building the pyramids.  Who can argue with  that?

 

Thu, 12/06/2012 - 14:36 | Link to Comment AvoidingTaxation
AvoidingTaxation's picture

This is the result after electing a socialist negro at the helm!

What did you think was gonna happen?

Thu, 12/06/2012 - 14:38 | Link to Comment Quinvarius
Quinvarius's picture

Free TVs was my first guess.

Thu, 12/06/2012 - 14:56 | Link to Comment AvoidingTaxation
AvoidingTaxation's picture

So sad. I remember when I was a child in the '80 Amerika was still the defender of liberty in the world and a model for the other nations.

There was still a protestant ethics in it. It was silly but keeped in check the populace. After Clinton/Bush/Obama, there is no shame anymore.

In may 2001 I wrote the final paper for the college, writing that the 3 biggest threats for Europe going forward would be muslim immigration, Russia, and the USSA.

But now, if I hat to write the same paper from a world perspective, it would be USSA, Muslim, China.

Thu, 12/06/2012 - 15:01 | Link to Comment Temporalist
Temporalist's picture

You were brainwashed back in the 80s then.  If you think religion gives people ethics/morals you are part of the problem.

Thu, 12/06/2012 - 15:27 | Link to Comment AvoidingTaxation
AvoidingTaxation's picture

Brainwashed for sure... but I was 5 years old. And Russia was a real threat. (The first political event that I can remember is Chernobyl, so clearly for me, Russia was worse than USSA).

Religion can influence the ethics/morals of the populace. Not because they understand religion, but because the social pressure will keep them in check. And hypocrisy will push people to make them appear to believe.

Thu, 12/06/2012 - 15:50 | Link to Comment cougar_w
cougar_w's picture

It's really sad how true this is. A renewed spiritual strength could do the world some good in the face of so much unbridled greed and intolerance. But all we get is "our god is the greater god" as if it were of no more importance than fielding a professional football team. Ethics died on the rack of profit. Morality was whored to opportunism. We'll get them back -- if battered and bruised -- in the course of time but only after the entire world has been set ablaze and every kind thing burnt to ashes.

Thu, 12/06/2012 - 18:47 | Link to Comment hawk nation
hawk nation's picture

+ 1000 totally agree cougar

I think america has also lost the grace of god and will suffer the consequences

In the end the one place that will be standing room only is places of worship but the only problem is most priests and other assorted religious leaders believe in redistribution

Fri, 12/07/2012 - 02:10 | Link to Comment Joseph Jones
Joseph Jones's picture

Jesus in John Ch. 4:

"A time is coming (and now is) when those who worship (pro-skew-NAY-oh) shall not worship on this mountain nor in Jerusalem." (the temple was obviously in Jerusalem)

"God is spirit, and we must worship Him in Spirit and in truth."  (God is truth.)

"Worship" is no longer confined to the temporal domain.  Worship now exists outside the time/space continuum.  

The vs. above (among others) proves the progressive nature of God's grace.  The O.T. orders "Ioudaios" (Hebrew, the word "Jew" did not exist till 1775 AD) to worship only in the temple in Jerusalem.   But in the "new and better covenant" worship is outside time and space. 

Now, in the N.T., there is no more temporal worship.  Worship is spirtual.

Simply put, per the NT there is no such thing as a "place of worship"  Worship is a state of being.  There is no such thing as "corporate worship" either.  The purpose of "assembling together" (ekklesia) is primarily edification and second (IIRC) exhortation "one to another" (one to another occurs 58x in the NT and absolutely prohibits the modern office of "pastor", especially in light of 1 Cor 14:29-30).   

Thu, 12/06/2012 - 17:10 | Link to Comment JLee2027
JLee2027's picture

If you think religion gives people ethics/morals you are part of the problem.

Religion is the source of morals.

Thu, 12/06/2012 - 17:39 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

You mean the 80's when Ronnie Reagan raised the debt ceiling 18 times.................and gave all the illegals amnesty?  Them 80's?

Thu, 12/06/2012 - 14:36 | Link to Comment forwardho
forwardho's picture

He has been running the government without a budget for a historical four years. Each year with massive deficit (all over 1 trillion beyond revenue). He is far, far past caring about some arbitrary limit.

Thu, 12/06/2012 - 14:36 | Link to Comment Crtrvlt
Crtrvlt's picture

hey mitch where was your concern when you voted for the 5 trilion dollar black hole iraq war that is responsible for a very large part of our debt and increasing because of interest, interest on interest, increased veterans disabilities and much more?  

Thu, 12/06/2012 - 15:00 | Link to Comment redd_green
redd_green's picture

Bravo to that.  I am *no* fan of the Obama administration, but these people who bitch and whine about power grabs and deficits were cheering the Bush administration for doing very stupid stuff. 

Thu, 12/06/2012 - 14:36 | Link to Comment lolmao500
lolmao500's picture

Finally the senate does something sane and stops Obama...

Thu, 12/06/2012 - 14:38 | Link to Comment Bawneee Fwank
Bawneee Fwank's picture

Im shocked! (not related to this post)

http://www.weeklystandard.com/articles/sebelius-coverup_664285.html?page=1

HHS has contracted with a subsidiary of a private health care company to help build and police the very exchanges in which that company will be competing for business. The person who ran the government entity that awarded that contract has since accepted a position with a different subsidiary of that same company. An insurance industry insider (speaking on the condition of anonymity) says that HHS, in an attempt to hide this unseemly contract from public view until after the election, encouraged the company to hide the transaction from the Securities and Exchange Commission.

Unwilling to void the contract, HHS instead went to work on setting up a firewall designed to block United-Health Group from gaining access to QSSI’s data, presumably out of a desire to keep UnitedHealth Group from gaining an unfair advantage. Then, likely in concert with the White House — and to the chagrin of many HHS employees — Sebelius and other senior HHS officials decided that word could too easily get out about the firewall project. If it did, it would alert people to UnitedHealth Group’s having gained a potentially huge competitive advantage — a political concern for the White House on the cusp of the election, especially in light of the crony capitalism charges that have plagued this administration. Therefore, HHS, under Sebelius’s leadership, suspended work on the firewall and told United-Health Group not to alert the SEC to the purchase — as UnitedHealth Group was legally required to do within four days of the transaction — until after the election.

Thu, 12/06/2012 - 14:40 | Link to Comment Quinvarius
Quinvarius's picture

Gold is straining at the leash.  It looks like 2 dogs caged.

Thu, 12/06/2012 - 16:25 | Link to Comment Samsonov
Samsonov's picture

How do I personally judge whether an article of news will penetrate society's consciousness?  Simple: if it gets mentioned on Good Morning America.  In this case, I can guarantee there will be no mention of this presidential power-grab on the morning happy-talk gabfests; therefore, this is un-news.

Thu, 12/06/2012 - 14:42 | Link to Comment DC3
DC3's picture

We no limit soldiers! I thought I told ya!

Thu, 12/06/2012 - 14:43 | Link to Comment Global Hunter
Global Hunter's picture

Its hotting up now.  If he and his handlers go ahead with this will anybody be surprised if nobody makes any real concerted attempt to stop it?

Thu, 12/06/2012 - 14:44 | Link to Comment A Lunatic
Thu, 12/06/2012 - 14:48 | Link to Comment jomama
jomama's picture

nevermind.

Thu, 12/06/2012 - 14:45 | Link to Comment Unprepared
Unprepared's picture

Give this man another Peace & Economics prize and another term.

Or, he could just pull a Putin*.

 

(*maybe he already did, burried in one of those we-have-to-pass-it-to-see-what's-in-it bills)

Thu, 12/06/2012 - 14:47 | Link to Comment wagthetails
wagthetails's picture

HO

LY

SCHIT

I love this guy.  what is next..our problem is debt, and creating quite an annoyance...so just legislate the debt away? 

Thu, 12/06/2012 - 16:47 | Link to Comment cougar_w
cougar_w's picture

Well, yeah. Of course. Give them another few years, I bet Obama does it at the end of his current term. You know the way they also grant clemency to convicts on their way out. Do the unpopular shit just as you are climbing into the limo out on the circular drive.

Thu, 12/06/2012 - 14:51 | Link to Comment Chump
Chump's picture

Cut spending, Mitch?  Like...when?  Like...when have you fools ever done it, or used the debt limit debate to get it done?  Hell, I'd even give you points for a spending freeze, but the best you can do is no increase above and beyond the standard baseline increase year to year.  On what planet and in what language is that a "cut"??

If you "fiscal conservatives" wanted to do anything positive, you'd let Obama do whatever he wants.  Get out of the way and let him tax and spend us to prosperity.  Let him borrow and borrow and print and print until this whole thing goes boom fucking boom.  That way you can quit with the charade that you give a damn about the country's future (McCain followed by Romney?  Really??  Really??!!?) and you also don't get hit with any blame for being dirty "obstructionists."  It's a win-win!  Consider it, please.

A 1.4 trillion dollar deficit and you clowns argue over a tax plan estimated to raise an additional 4.7 billion dollars a year.  Brilliant.  One day's worth of federal borrowing and you focus on it like a cat on a laser pointer, with similar results.

Thu, 12/06/2012 - 15:02 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ a big fat one

Alas, the R-Team´s words belie their actions.

Thu, 12/06/2012 - 16:29 | Link to Comment Samsonov
Samsonov's picture

Exactly. Republicans in general are as socialist as the Democrats, only they want to keep the votes of true conservatives, and those who imagine themselves conservative. Listen to Republicans carefully, and take notice that they will never name a program they intend to eliminate.

Thu, 12/06/2012 - 16:50 | Link to Comment cougar_w
cougar_w's picture

That hit the nail on the head.

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