This page has been archived and commenting is disabled.

Reid Responds: Plan B For Broken

Tyler Durden's picture




 

Update - Pelosi chimes in: "Pelosi Says House Democrats Would Reject Boehner Plan B on Taxes"

Flashing red headlines which refute the market's favorable take of Boehner's words...

  • REID SAYS BOEHNER'S PLAN B BUDGET PLAN CAN'T PASS CONGRESS
  • REID SAYS BOEHNER PLAN NOT A BALANCED APPROACH
  • REID SAYS BOEHNER SHOULD FOCUS ON LARGE-SCALE DEFICIT CUTS

... but risk no longer cares about the content, and like in the fall of 2011 with all headlines out of Europe, anything flashing and red is taken immediately as positive by the algotrons, who buy first and ask questions much later if ever.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/18/2012 - 12:02 | 3074795 SheepDog-One
SheepDog-One's picture

Nevermind all that, only thing that matters is NAHB says theyre feeling kinda green shootish today!

Tue, 12/18/2012 - 12:13 | 3074850 icanhasbailout
icanhasbailout's picture

Plan B stands for BOHICA

Tue, 12/18/2012 - 12:22 | 3074876 Stoploss
Stoploss's picture

Nobody gives a shit anymore.

Inflection is here.

Pick your side.

Tue, 12/18/2012 - 12:25 | 3074897 CPL
CPL's picture

If there was any doubt before, the line has now been drawn.

 

Agreed, it's time to pick a side.

Tue, 12/18/2012 - 12:41 | 3074948 King_of_simpletons
King_of_simpletons's picture

Plan Boned.

Tue, 12/18/2012 - 13:11 | 3075109 trav777
trav777's picture

bbbbut...we'll save $1.6T over 10 years when we have annual 1.6T deficits.  It's like buy 9 and get the 10th one free!!!!!!11

Tue, 12/18/2012 - 12:46 | 3074987 boogerbently
boogerbently's picture

Always been conservative. But their ONLY argument against raising taxes doesn't work.

The "job creators" have had 10 years of these cuts with NO "job creation."

I believe congress is just trying to keep THEMSELVES from paying higher taxes.

On the other side, there must be an agreement that ALL new tax revenues will be used to pay down the deficit, NOT new spending.

And just ONCE, I'd like to hear about cutting Welfare. The combined AVG available needs to be less than a minimum wage job. Right now it's like $52K+ (if you qualify for the max # of programs)

Tue, 12/18/2012 - 12:49 | 3075006 Buckaroo Banzai
Buckaroo Banzai's picture

How about the argument that the income tax is an unjust tax, utterly incompatible with the concept of Liberty that this country was founded on, as well as illegal according to the 13th Amendment (well, the SECOND 13th Amendment) that outlawed involuntary servitude?

Tue, 12/18/2012 - 12:59 | 3075063 wisefool
wisefool's picture

Its a great idea but it would never work. People dont understand that we are supposed to live under a constitutional republic.

You'd have to phrase the argument something like this. "You should not tax income, because it dis-incentivises people to work hard. All the way from your kid making minimum wage working summers on a farm, to the surgeon making a million dollars who is going to cut you open one day. We should tax corporations, which have all of the benefits of people, but currently have none of the detriments. Coorporations are immune to personal liability, death, and taxation as long as they follow the 1st rule of crony capitalism maximize profits by any means possible including regulatory capture"

Tue, 12/18/2012 - 13:13 | 3075117 NotApplicable
NotApplicable's picture

That's just crazy talk!

Everybody knows that you simply cannot have a peaceful society without competing political factions stealing from everyone.

Didn't you pay attention The Pledge?

Tue, 12/18/2012 - 12:53 | 3075033 Ballin D
Ballin D's picture

I dont think anybody is saying that high taxes are the only thing that will inhibit growth in this toxic economic environment but higher taxes will hurt growth so long as history continues to repeat itself as it always has.

Tue, 12/18/2012 - 13:13 | 3075116 trav777
trav777's picture

huh?  Why is it the responsibility of income earners to "create" jobs for other people?

How about this: all you 47ers get off the backside and do something productive?

Gee, we should give money to the poor because they will SPEND IT...genius.  That's how you STAY poor.

Tue, 12/18/2012 - 15:39 | 3075644 blunderdog
blunderdog's picture

     How about this: all you 47ers get off the backside and do something productive?

That really is the best idea, but it'll only work if the gummit stops trying to prevent them from running their own small businesses.

Tue, 12/18/2012 - 12:57 | 3075053 eatthebanksters
eatthebanksters's picture

Yes, it now sounds like it's my way or the highway regarding negotiations.  I think the Dem's have something up their sleeves....Boner offers them everything they want execpt the tax threshold moves from $250,000 to $1,000,000 and they sayno...sounds like O doen't want to make a deal...sounds like O wants to go O-ver the fiscal cliff.  Appears like he must have adother plan that he is not disclosing...I'll guess we'll see.

Tue, 12/18/2012 - 15:02 | 3075478 Zap Powerz
Zap Powerz's picture

Some will pick a side, most will just pick their nose.

Tue, 12/18/2012 - 12:03 | 3074804 SheepDog-One
SheepDog-One's picture

'Balanced approach' meaning cutting off both legs? Makes sense....may as well cut off both arms while theyre at it too.

Tue, 12/18/2012 - 12:11 | 3074841 max2205
max2205's picture

prepare for stock bubble 3.0

Tue, 12/18/2012 - 12:15 | 3074855 gjp
gjp's picture

Prepare?  Aern't we about three years into it?

Tue, 12/18/2012 - 12:41 | 3074953 catacl1sm
catacl1sm's picture

"Tis a flesh wound!"

Tue, 12/18/2012 - 12:47 | 3074993 boogerbently
boogerbently's picture

....OK,

We'll call it a draw!

Classic.

Tue, 12/18/2012 - 12:03 | 3074806 Squid Vicious
Squid Vicious's picture

this is insane... mkt. has gone full Robotard

Tue, 12/18/2012 - 12:20 | 3074873 francis_sawyer
francis_sawyer's picture

Mortimer finally got the memo to turn the machines back on...

Tue, 12/18/2012 - 12:04 | 3074810 LongSoupLine
LongSoupLine's picture

Fuck you Reid.

 

None of this fucked up shit has any bearing on Bernanke's fucked up bond monetizing ponzi.

 

Fuck you Bernanke.

Tue, 12/18/2012 - 12:08 | 3074825 SheepDog-One
SheepDog-One's picture

Plan C- Hit everyone with constant BS stories day and nite and maybe no one will catch onto the fact that the whole thing is being burned to the ground.

Tue, 12/18/2012 - 12:44 | 3074968 Bob
Tue, 12/18/2012 - 13:18 | 3075134 NotApplicable
NotApplicable's picture

Wow, the overlords will NOT be pleased!

Mr. Black better stay in Kansas.

Tue, 12/18/2012 - 12:51 | 3075018 Buckaroo Banzai
Buckaroo Banzai's picture

Keep the comedy show going in the front room long enough to loot the entire saloon out of the back room.

Tue, 12/18/2012 - 12:04 | 3074813 David99
David99's picture

The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:37 | 3074931 insanelysane
insanelysane's picture

Apparently David99 is controlled by the Bernank as he is posting about this to infinity.  (you will see as you scroll down)

Tue, 12/18/2012 - 12:04 | 3074814 tradewithdave
tradewithdave's picture

I thought the currency wars was Plan B.  Maybe these .1 gram gold Swiss coins can be Plan "C"

http://tradewithdave.com/?p=14279

Tue, 12/18/2012 - 12:05 | 3074816 88888
88888's picture

Its only a matter of time until these same algos crash the market again. Hopefully the next time will make the last flash crash look like a joke.

Tue, 12/18/2012 - 12:15 | 3074852 Spastica Rex
Spastica Rex's picture

Why engineer an algorithm to ever really sell?

Tue, 12/18/2012 - 12:42 | 3074959 catacl1sm
catacl1sm's picture

"Who would buy...?"

Tue, 12/18/2012 - 12:33 | 3074920 insanelysane
insanelysane's picture

My guess is that it is impossible to crash the markets.  The FED hastheir own algo that automatically buys and buys to infinity any price drop on anything (except physical gold and silver).  The challenge has been to program the algo to allow for a negative day now and then to make the market appeal more realistic.

Tue, 12/18/2012 - 12:06 | 3074821 Boilermaker
Boilermaker's picture

My fucking god...who gives a shit?

Tue, 12/18/2012 - 12:07 | 3074822 David99
David99's picture

On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:26 | 3074901 kridkrid
kridkrid's picture

You need to rewrite your program. It seems busted

Tue, 12/18/2012 - 12:06 | 3074823 Euro Monster
Euro Monster's picture

THIS IS FUCKING UNBELIEVEABLE!!!!!!

Tue, 12/18/2012 - 12:21 | 3074874 prains
prains's picture

no it's fucking (B)elievable

Tue, 12/18/2012 - 12:18 | 3074829 LouisDega
LouisDega's picture

Tyler, Can i have a he said, she said market reaction update ?

Tue, 12/18/2012 - 12:24 | 3074887 unrulian
unrulian's picture

He: sjahdfiuwhdfehw

She:ijhsdfliheqwrifhewr

who gives a fuck?

Tue, 12/18/2012 - 12:09 | 3074830 SheepDog-One
SheepDog-One's picture

Not even as entertaining as the Punch and Judy show....FUCK U BERNANK!

Tue, 12/18/2012 - 12:09 | 3074833 Cognitive Dissonance
Cognitive Dissonance's picture

Plan "B"

The morning after realty sets in pill.

Tue, 12/18/2012 - 12:10 | 3074834 Aurora Ex Machina
Aurora Ex Machina's picture

If you wanted to panic the algos, you could do worse than look into cotton shortages:

In August, agronomists showed that the historic drought in Texas had caused a stunning $5.3 billion in losses in the agricultural sector. Two months later, even with some rain finally coming to the state, Texas farmers are being crippled by a drought that could stretch beyond next summer...

Some of the farthest-reaching effects may be on world cotton markets. Texas produces about 50 percent of U.S. cotton, and the United States in turn grows between 18 and 25 percent of the world’s cotton, according to Darren Hudson, director of the Cotton Economics Research Institute at Texas Tech University. This year, however, yields even from irrigated crops have fallen about 60 percent on the high plains where the bulk of Texas’s cotton crop grows, Mr. Hudson said. Farmers have given up on their “dry-land,” or unirrigated, cotton crops.[source]

 

I'll leave you to work out why I picked out cotton.

Tue, 12/18/2012 - 12:25 | 3074892 francis_sawyer
francis_sawyer's picture

Here's my best guess...

~~~

http://www.youtube.com/watch?v=XDdlHmzIdn8

Because REAL MEN sing into light bulbs...

Tue, 12/18/2012 - 12:54 | 3075036 Aurora Ex Machina
Tue, 12/18/2012 - 14:02 | 3075269 Matt
Matt's picture

Don't worry, America will just catch up to Canada and make bills out of polymers instead.

Tue, 12/18/2012 - 12:11 | 3074837 Kaiser Sousa
Kaiser Sousa's picture

indeed bullish (read: bullshit)....

DOW 36,000......

keep buying physical Gold and Silver...

leave them to their circus.....

Tue, 12/18/2012 - 12:11 | 3074842 azzhatter
azzhatter's picture

Plan BB- Broken Boner  or Plan BBB- Broken Boner Bawling

Tue, 12/18/2012 - 12:34 | 3074916 kridkrid
kridkrid's picture

J

Tue, 12/18/2012 - 12:30 | 3074844 wisefool
wisefool's picture

B also stands for .... We need a constitutional admendment that RE-ENFORCES Article 1.

"If congress can not pass a budget for each fiscal year, then All NGOs, PACs, 501c3's operating in the capitol (D.C.) shall be dissolved. All tax exempt money in their coffers shall be applied to interest payments and late fees, until such time as the IRS is no longer satisfied ... and then the agents shall forcably remove members of congress themselves. State govenors shall appoint replacements"

"The only exemption to this rule is if the nation is in legally declared state of war, which is congresses' only other job, which they never do either"

*Legislative history: It seems when the US is in legally declared wars, they have no problem passing budgets. Otherwise they let low level, unelected agents of the the executive branch take as much money from the people as they see fit via selective enforcement.

Tue, 12/18/2012 - 14:41 | 3075402 mkhs
mkhs's picture

When the government starts respecting the constitution, that might work.  Until then, it is just hot air.

Tue, 12/18/2012 - 12:11 | 3074845 azzhatter
azzhatter's picture

Remember James Aldoucher said Dow 100,000

Tue, 12/18/2012 - 12:13 | 3074851 SheepDog-One
SheepDog-One's picture

In Clownbux!

Tue, 12/18/2012 - 12:12 | 3074847 SheepDog-One
SheepDog-One's picture

'We'll cut spending, after we raise it $1 trillion'....FUCK U CLOWNGRESSTARDS!

Tue, 12/18/2012 - 12:13 | 3074849 David99
David99's picture

Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:15 | 3074854 David99
David99's picture

It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:17 | 3074862 ptoemmes
ptoemmes's picture

And so the ramp in equities in the last hour will be faded? Probably not...

Tue, 12/18/2012 - 12:43 | 3074958 NoDebt
NoDebt's picture

We should have a fiscal cliff negotiation every year!  Nothin' but up, baby! 

If the markets successfully front-ran the Fed the last 3 years, you think they can't front-run Congress, too?  Bunch of people running in front of every camera pointed in their direction pretending they have serious policy differences with eachother?........... please.

Markets will have their "certainty" (an agreement to avoid the "cliff") but wait till you see what this agreement is going to be!  You're gonna need a lotta ketchup to make that meal appetizing.

Tue, 12/18/2012 - 12:19 | 3074867 David99
David99's picture

In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:22 | 3074878 SheepDog-One
SheepDog-One's picture

'Plan rejected'....OH GOOD hey let's ramp stocks then! 

Tue, 12/18/2012 - 12:22 | 3074883 David99
David99's picture

Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:38 | 3074933 viahj
viahj's picture

I think that David99 may be trying to tell us something.  What is it boy, Timmah fell into the well?

Tue, 12/18/2012 - 12:57 | 3075051 Chump
Chump's picture

I needed a good laugh today.  +1

Tue, 12/18/2012 - 12:25 | 3074886 Bastiat009
Bastiat009's picture

Stocks massively outperform gold again today (gold is barely up in 2012 while the NASDAQ is getting close to +20%). Since most Americans believe that the stock market is the economy and gold is the enemy of the US economic policy, all is well in America. Rock on Bernanke.

Tue, 12/18/2012 - 12:34 | 3074921 WhiteNight123129
WhiteNight123129's picture

If the bond market keeps going south, equities will face a wall as far as PEs are concerned.

 

Tue, 12/18/2012 - 12:24 | 3074890 Dre4dwolf
Dre4dwolf's picture

Congress needs to grow some balls and take back their wallet, congress was put in charge of the money printing presses, they should have complete control over spending.

 

Tue, 12/18/2012 - 12:26 | 3074902 csodak
csodak's picture

The country if full of lemmings. This is like Y2K all over. There is no fiscal cliff, a slope yes, but no fiscal cliff. Americans are patsies for the rich and the politicians...ooops sorry, you can't be rich without being a politician and you can't be a politician without stealing your way to riches.

Tue, 12/18/2012 - 12:27 | 3074907 David99
David99's picture

London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:30 | 3074912 David99
David99's picture

JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:32 | 3074913 Kaiser Sousa
Kaiser Sousa's picture

wow, pelosi (read:cunt fucking bitch) confirms aint a mother fucking thing being agreed upon...

AND THE DOW RALLIES HIGHER.....

and the only 2 forms of real money are further beaten down....

yeah, ok....

cue charts please...

http://www.kitco.com/charts/livesilver.html

http://www.kitco.com/charts/livegold.html

Tue, 12/18/2012 - 12:31 | 3074915 David99
David99's picture

It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:33 | 3074918 WhiteNight123129
WhiteNight123129's picture

Wondering if the Bond market is not reacting to the ~ we are not monetizing ~ comment from Bernanke...

Looks like the market is saying ~yeah right...~

 

Tue, 12/18/2012 - 12:36 | 3074923 Catullus
Catullus's picture

Someone want to tell Pelosi that's she's the Minority Whip and no one gives a fuck?

Tue, 12/18/2012 - 12:37 | 3074924 dexter_morgan
dexter_morgan's picture

From an article in Reason:

"And when other gun-control advocates say they want a “candid” debate  about guns—or an “honest,” “sane,” “serious,” “fresh,” “mature,” or “new” debate—what they really mean is: a debate we actually win.

Saying what they really mean would be the candid and honest thing to do. Wouldn’t it?"

Just substitute taxes/budget for gun control and you have the basic liberal philosophy. No debate unless they win. Oh, and then blame it on the other guy.

Tue, 12/18/2012 - 12:37 | 3074928 SmoothCoolSmoke
SmoothCoolSmoke's picture

Boner talks - SPY +11

Reid taks -  SPY -2

Bots like a Boner better is seems.

 

 

 

Tue, 12/18/2012 - 12:42 | 3074929 jjsilver
jjsilver's picture

You better learn the law regarding income taxes. They are going to tax you right into the ground. It is so blatantly obvious they are waging war against the people, just not with guns; yet?

Tue, 12/18/2012 - 12:37 | 3074930 thedrickster
thedrickster's picture

Proposal: Actively Managed Kabuki Theater ETF

Tue, 12/18/2012 - 12:45 | 3074990 Everybodys All ...
Everybodys All American's picture

Boehner is getting played for the fool he is.

Tue, 12/18/2012 - 12:48 | 3075002 the grateful un...
the grateful unemployed's picture

how much of this is political theatre for the masses. these politicians are narcissists anyway, but they realize that if they don't keep their face in the news, people will forget them.(like an aging actresses, betty davis actually played herself, the aging actress, a number of times) even if you can hate boehner, and you can't stand pelosi, you have to want to see congress take control on the issue, because barry never was a leading man, but because we need congress to step up to plate, take away the orwellian state that potus enjoys, the constitutional doormat left by bush. brother bens homeless shelter (former USA) wants to see a round of porridge for the house, he wants to tie interest rates to employment, and finally a lot of other things as well. he wants to see a deal made, and that why there shouldn't be a deal, unless you like government imposed poverty..

Impovernment of the booble, by the bauble, and for the bubble... James Joyce

Tue, 12/18/2012 - 12:50 | 3075014 mktsrmanipulated
mktsrmanipulated's picture

so the big talk is of fiscal cliff, tax ramifications...ie long term and short term cap gains....all Financial advisors are out advising customers to sell any product they may have that has a long term capital gain because next year is unknown how they will be treated....then how the fuck do we keep rallying

Tue, 12/18/2012 - 12:52 | 3075029 David99
David99's picture

ZH is only doing good job and reporting correctly. Tyler is a real true person though I have never met him. FED+BOE+ECB+BOJ are the biggest manipulators and JPM +GS +20PD's act on their behalf in this Ponzi Casino. It is all rigged Ponzi Casino. JPM & GS do maximum manipulations from London as no regulators are looking what is going on daily. London is the best place to manipulate Ponzi Casino as no regulators as they are watching porno. Manipulations of highest order without any regulations as every one has been purchased and regulators watching porno. In last 10 trading days, Rio Tinto manipulated by +25% gain and regulators watching porno. JPM doing it. It is just Casino and nothing else. Regulators are watching porno, don't know how Rio Tinto is manipulating daily. On LSE, there is no checks and balances and maximum manipulations daily by Rio Tinto. The market is Casino and the biggest manipulated stock is Rio Tinto and JPM is pulling up daily and no regulations for Rio Tinto in London

Tue, 12/18/2012 - 12:56 | 3075046 marcusfenix
marcusfenix's picture

come on, we all know the only real plan DC has is plan D.

not sure of all the details just yet but it does involve drones, gun confiscation and those billion or so rounds of ammo the DHS bought...

Tue, 12/18/2012 - 13:08 | 3075097 q99x2
q99x2's picture

Let's talk about Greece. I liked that better.

Tue, 12/18/2012 - 13:10 | 3075106 mktsrmanipulated
mktsrmanipulated's picture

12:07 PM (GMT-05:00) Eastern Time (US & Canada) Dec 18, 2012

NEW YORK, Dec 18 (Reuters) - One in five children in the United States was living in a family with an income below the official poverty level in 2011, marking a decade of increases in child poverty worsened by the Great Recession of 2007-2009, a study released on Tuesday said.

The official U.S. government poverty threshold for a family of four in 2011 was annual income of $23,021.

The percentage of children living in families below the poverty level increased from 15.6 percent in 2001 to 21.4 percent in 2011, according to the study by the Foundation for Child Development, a philanthropic organization that promotes well-being for disadvantaged children.

The increase in child poverty was driven mainly by declines in median family income, especially for families headed by a man, and a decline in the percentage of children living in families with parents who have secure jobs.

"The significant economic improvements families made in the 1990s have now all but disappeared," Kenneth Land, author of the report, said in a statement. "Economic insecurity is spreading widely across both middle class and low-income families. Not only are we seeing growing numbers of children in poverty, but children in middle class families are also losing ground."

The overall index of the well-being of children in America, based on 28 indicators, did show a slight improvement in 2010 and 2011 after declines earlier in the decade.

Tue, 12/18/2012 - 13:48 | 3075223 1000yrdstare
1000yrdstare's picture

So how is that Rio Tinto stock doing? anyone?... anyone?

Tue, 12/18/2012 - 13:55 | 3075243 H E D G E H O G
H E D G E H O G's picture

Pelosi chimes in: "Pelosi Says House Democrats Would Reject Boehner Plan B on Taxes" (should read); "Pelosi says she will reject Boners Large Bone".( It's okay, Mr. Orange would have to tie a two by four to his ass anyway with ms. Pelosi.)

Tue, 12/18/2012 - 13:55 | 3075245 H E D G E H O G
H E D G E H O G's picture

sorry, just couldn't resist it................

Do NOT follow this link or you will be banned from the site!