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And The Winner Is...
They came; they spoke; they voted...
- HOUSE BEGINS VOTE ON AVERTING TAX INCREASES FOR MOST WORKERS
- HOUSE HAS ENOUGH VOTES TO PASS BUDGET BILL; VOTE CONTINUING
- CANTOR VOTES NO ON BUDGET BILL
- PAUL RYAN VOTES YES ON BUDGET BILL
- BOEHNER VOTES YES ON SENATE BILL
- Obama says will not have another debate with Congress over debt ceiling
- Republicans: Yea 85 - 151 Nay
- Democrats: Yea 172 - 16 Nay
'Cliff'-Off (for now)...'Debt-Ceiling'-on. Time to start buying March vol steepeners? But the bottom line is simple: the Bush tax cuts are dead. Long live the Obama tax cuts.
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100% Garbage....It is so sad listening to Pelosi...what a bitch earlier.
When does this card house fold? When? Oh wait....Did you see the new show? That Dog can Dance....?
hate to say this.. the market is going to gap wicked tomorrow - http://hedge.ly/VuUNLH
"So this is how liberty dies... with thunderous applause."
What happens when they kick the fucking can right into the damned house of cards?
Bush tax cuts are dead, Fiscal Cliff meme is dead, Long live the Obama tax cuts.
No spending cuts means the Federal Government continues to bankrupt itself at an accelerated rate. It looks like I got everything I wanted.
Click-Click...Click-Click...Click-Click!
Juuuust testing this-here light swtich. Pay no attention to what's happening over here, all is well, there's nothing to see here, remain calm, move along.
http://www.youtube.com/watch?v=JfUM5xHUY4M
Click-Click...Click-Click...Click-Click.............
This message was brought to you by the friendly members of the Club Of Rome, The CFR, and the Trilateral Commission
There are no limits to growth, so party-on!
Yeah, but it was the Bush tax cuts that caused the deficit according to the fascists in the Blue locker room.
Barry said he did not want brinksmanship, ... in upcoming negotiations in his statement. Brinksmanship and fear is what we'll get starting with his hyper partisan innaugural address in 2 weeks.
I'm still surprised there wasn't a gun ban in the bill.
If there isn't, the R's can just leave this unsalvageable mess in Obama's and the Bernank's incapable hands.
Worst line from a shitty movie.............ever.
Very dark day. A landmark day. Doors just closed on America's future.
This transcends petty politics and partisanship. We're simply talking about time and laws of nature now. Debt, debt, debt, all downhill from here. No jobs, no future.
Raise taxes for two percent and save the nation? Such a childish thing. Do these people have no calculators on their "smart" phones?
Hope everybody here is familiar with the Four Gs.
It's going to be a long year.
I'm sorry for all the good American folks who are about to get bamboozled. They don't deserve this.
Sure they do.
They VOTED for "this".
No need to "vote". Diebold votes for them.
And "polls" and big media let the others know how they "should" vote.
As Japan has shown, this can go on for a very long time.
'I think were turning Japanese, turning Japanese. . . I really think so' (to)
"As Japan has shown, this can go on for a very long time."
As Japan has shown, this can go on for a very long time.
No it can't. The USD is the worlds reserve currency.
For how much longer?
DavidC
Sovereigns are using gold to circumvent the " worlds reserve currency."
It's different. They're working for the markers and money masters in the USA which is why the market is completely disconnected from reality. Japan's stock marker has never come close to the highs it once hit decades ago. USA is just a stone throw away from record highs.
And who wants to begin the odds making that the vote count will be the same for the debt ceiling charade too???
Boehner and Republicans surrender to Obama and Reid like the French surrendered at Dien Bien Phu,
http://confoundedinterest.wordpress.com/2013/01/01/fiscal-abyss-bill-pas...
And just like the French, they're always there when they need us.
I cannot believe the gall of Obama - here are some bits from his statement.
1 - 'A little less drama' in the coming budget deals.
2 - The Fiscal Cliff deal is just one step in a broader effort to strengthen the economy.
3 - Very open to compromise on budget issues.
4 - Will not have another debate with Congress over the debt ceiling.
And he took no questions. I don't know if he was late though.
Ye Gods.
DavidC
The real winner is the global banking cartel.
If we had went over the cliff, we'd have had another banking collapse.
The banks are still sitting on mountains of dogshit.
Another recession and those boys are toast.
http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-made-beef-and-egg.html
The Tea Party movement officially dies tonight.
Why vote Republican and get a Democrat in drag?
Perfect.
I doubt it.
Getting back to the Blue and Red fascists running the country.
It did, if those fucking pussies continue to think they can have an (R) after their name and fucking get away with it!
What's the use of having "the majority" if you vote with the fucking minority??? If they break off now, when the new congress is sworn in, and declare a new party, with the letter (T) actually meaning something, and yes until Nov 2013, the democrats would then have the majority, but we found out tonight, they already do!!!
If someone in that tea party wing of the new congress had the balls to lead this revolution, they would be president in 4 years!!! And it's not Paul Ryan, so shut your fucking mouth if that was going to slip from your lips!!! If they could pull 50-75 members to do this, it would be pandamonium and chaos in DC, the MSM would have a heart attack, wall street would panic, but the millions of citizens in this Country who still believe in freedom and liberty and the Constitution, would rejoice, Ron Paul could join the movement from the outside, and we could begin campaigning for ALL tea party candidates against the remaining GOP assholes that just voted for this shit, and take back over the house in 2014, and murder the GOP in the process!
There, now I feel better at least!
Happy New Year!
Now we find out if there are ANY "public servants" in that town.
"The Tea Party movement officially dies tonight."
When kicking the can half life falls below 90 days
There is a punch line in there somewhere... someone?
Cliff-off? Risk-off going into what is sure to be a bigger flame up in February? Front run the chaos? No way can we settle for this BS that just happened... spending is THE problem not revenue
Loser is... The American people.
Government money is the last stop on the train for the American standard of living. They hoped for salvation from the Internet Boom, then they hoped for salvation from ever-rising home prices to use as their piggy bank, now they are turning to Government to support their standard of living.
There is no next stop when that crumbles under their feet. And, you may have noticed, each bust has been bigger than the last.
But that's not now. Which is all that counts these days, apparently.
You will live to see the day of REAL poverty in the US. Whether it's though a hyperinflationary crescendo or a slow grind down (AKA Japan), it's unstoppable at this point. Make preparations and don't get so emotional that you burn out or tune out. The rudder is locked on the current course- we WILL run aground eventually. By choice or by accident, the destination will be arrived at.
You WILL need your wits about you at some point along that path. Stay sharp while others drift into complacency.
In other news...anyone notice WTI breached $92/bbl.? I ain't sayin' nothin'. I'm just sayin'.
The Republicans have abandoned their constituency.
49% of America has NO political leadership, whatsoever. Each and every 'leader' should now be dismissed.
"The Republicans have abandoned their constituency."
That's why they lost the election.
It had nothing to do with the female or latino vote.
They only kept the anti-obama vote.
Time to get rid of the Republican party. They are complete pussies.
Paul "Tea Party" Ryan voted yes.. Everyone knew he wasn't.
But he did run a sub 3hr. marathon and has a P90X hot body.
Bet Ron Paul voted "No", he will be missed. Rand voted "No" in the Senate vote.
and Cantor is the same as Ryan.
Can't be sure but it looks like it passed over a minority of the majority. This is supposed to cost Speakers their jobs.
We can only hope!
Any question on whether or not the government only cares about the level of the stock markets should be answered tonight.
Of course they care, Govt intervention is the only thing keeping the markets from crashing. There's no real economic growth it's all money printing.
And the sad part is Bernanke had given them a perfect out for that in his last fomc q&a, (stating that what the market is doing at any given point in time should not be a consideration in the making of policy decisions). And that was correct. No government institution, whether legislative, executive, judicial or the Fed itself, should base decisions upon whether or not "the market" wishes to throw a tantrum or engage in other gyrating histrionics like some spoiled, temperamental child.
never have so many unemployed US workers watched CSPAN instead of honey boo-boo reruns
Honey has new moves...
It passed with a majority. Off to Old Bla Bla for him to spike the ball. Sad for the country.
I wonder how many times Dear Leader will say "I" or "me," since self-worship is his one consistent theme.
Oh well, passage of this bill allows me to continue buying ammo.
I am in awe. Watching the greatest nation ever fold up like a cheap suit. Fucking pussies.
I awe your awe...
Krugman sits back and smiles
He and Bernanke are having a mutual-masturbation jerk-off!
----> Krugman follows ZH More
----> Bernanke follows ZH More
I will re-post this...something about this poll seems relevant.
The Repubs need your donations. Send money now!
They already got it. In the form of increased taxes and continued printing (that we will have to pay for).
Hike for anyone paying payroll taxes.
Yes and that means everybody who has a job and every employer. Self-employed persons will pay double.
Find this line on a 1040, Deductible part of self-employment tax. Attach Schedule SE.
Double my ass Tax genius.
Earth to gold traders: they're going to have to 'print' 99% of this deal.
Perhaps a message must be sent to the legislators who voted yes for this and the NDAA with US citizens spying authorized.
The Soapbox didn't work, the Ballot box didn't work, gee, what's left?
I wonder what the most efficient way is? lol Bwaaaaahahahahahaa
Edit: Pretty sure that crack just got me on a list! lol That's OK, I didn't like any of the guns I bought the day of the sandy hook shootins so I sold them for a modest profit. I guess I don't like those kinds of guns. Bwwaahahahahah
tl;dr Fuck you NSA, CIA, CFR, Bernanke or whomever.
Don't worry, they're busy working on that last box too...
They are now just heroin junkies nothing matters as long as you can get just 1 more fix.
50 Predictions For 2013
http://investmentwatchblog.com/50-predictions-for-2013/
THE GOP died tonight. Rhino's need to do the full cross-over to Dem as we all know they will.
I advise they name it the BNP.
Have a blue,
blue, blue, blue,
blue, blue, blue country.
Somehow the 2% Social Security tax increase/reversion is viewed as an economic stimulant?
I wonder how long it will take the average middle class worker to notice their withholding has increased?
Show of hands of everyone who thinks this clusterfuck will be viewed as a positive on January 20th ...
Perception is reality in this new world order.
Problem is, reality has a way of coming into perception.
We saw our stubs on Monday. The bitching has started.
"Somehow the 2% Social Security tax increase/reversion is viewed as an economic stimulant?"
I have no idea how. I gave up paying into the system in May. I recommend everyone try it. I neither give nor take. I just watch it crumble under it's own weight and bet against it.
Good times
Time to start buying some crack and get on the government dole.
Can I just earn an honest living growing quality pot?
'Avert taxes on workers'? You morons, you raised taxes on employers therefore it will be felt by the workers, and I hate that 'workers' communist shit too.
What the fuck do you want to call someone who collects a payroll for doing work?
Non-investor?!
Paul Fucking Ryan......i knew i was right when i posted i hated that guy.....
anyone here at ZH , still pissed that Romney lost ?????????????????
I thought Romney was an Obammy shill from the first time the dems said they wanted him to win. His son Tigg confirmed that. Rethugs threw the election and the country to the Marxists.
I doubt we'll see another election. Seriously.
I hope I'm wrong but I doubt it.
III
An election like in Iraq where only one person runs. I read somewhere today there is already talk of what his third term will look like.
I sincerely hope you are wrong.
That's right - by the time of next election US will be in such a depression that they will tell you -NOW IS NOT TIME TO CHANGE "LEADERSHIP"... And Republicans will vote YEA
+1 Repugnicans threw the election.
-1 There will be elections. Why not? We already have a de facto one party system. Even the soviets had regular elections.
Ryan is a complete hypocrite. Get on CNBC, talk up your fiscal responsibility and budget balancing plans. Then vote like a corrupt politician, proving to da boyz that you are a part of the machine.
That about wraps it up for Paul Ryan 2016.
You mean Banker Bailout Paul Ryan??? Surely you're joking... The plebes will forget all about this in four years. That's one thing I can guran-fucking-tee.
Ryan in 2016?
Ha! Surely you're kidding! 2016 is falling all into place for Ms. concussion-blood-clot (I know noth-ing about Benghazi!) Hitlery!
Hell, she's the most admired woman among the Dancing with the Stars crowd, don't ya know!
Typical cowards. At least we know that when push comes to shove when we have to bear arms these pussies will be easy target practice...
Can't we save bullets and just find a way to put subliminal messages on DWTS, American Idol, Houswives of (fill in blank). ?
"You're worthless, kill yourself......"
This is simply sickening. All of them talking that now is not the time to talk about budget cuts... All this speakers talking about averige Americans like they care - repeating same crap over and over what fiscl cliff means...
Nut when when is the time... When Debt Ceiling debate will start (Late) they will say same thing that now is not time for (Partisanship) cause American People (Aka stock market) will suffer... And Republicans? I'm so dissapointed what a pussies
I probably agree with you, but since you were unable to construct one single sentence of coherent thought, I'm going to sit on the fence for the moment.
English is my third Language - so I appologyze if anything is so wrong with idea I wanted to express and if I insulted you in any way...
Don't sweat it. He's just upset over his team losing their bowl game tonight.
You had to bring that shit up.....
Here is something we can all understand (found on Craigslist)
$350 Seeking a place to stay non smoking! (edited to add title)
Working many jobs making less than $500 per month.
Need help can barely afford car payment and insurance
Need to discuss monetary matters at the moment trying to get on my feet.
Get paid bi-weekly.
Hard worker can do odd jobs around the house: irrigation, taking care of your lawn, plumbing, pool, electrical, run errands for you.
BS in Business Administration
Graduated: Aug. 30 2012, AS Degree in Computers.
Please call me or text me
John and Jenn
The budget ceiling debate will never happen. Obama will just unilaterally raise the ceiling. And as we can see, congress doesn't have the balls to call him on it.
Oh yee of little faith in politicians.
WOW!! I'm glad we have now averted the fiscal cliff that was first discovered 500+ days ago... paraphrasing CNN's Erin Burnett a few minutes ago LOL
Well, now with my raise, my paychecks only go down .5%
Bright Side: I'm excited to see the sheeple's reaction when they have a nice chunk taken out of their paycheck. I want to hear "I thought onlu the rich were getting their taxes raised!". My response will be "They lied to you. They all lie. And there are many many more tax hikes coming your way".
Wait until you see corporate revenues for Q113...then you'll see some real fucking tears.
Hey, yeah! And don't forget the 2012 retail sales coming out soon. BWAHAHAHA
<-- The Tea Pot Dome Express has left the station
<-- No, they're "really mad" now...
What's sad is that there will still be a huge portion of the population that will still believe the parties are different.
what's that?
'Cliff'-Off (for now)...'Debt-Ceiling'-on
http://www.youtube.com/watch?v=2mX2HNwVr9g
The debt ceiling will never really be on. There will be some posturing about it, but unless Obama gets what he wants, he'll simply raise the ceiling unilaterally. His handlers think they have the constitutional authority to do so. Congress will do nothing to stop him, and if the courts intervene, it will be long after it's already a done deal.
Just another circus to distract attention.
Fuck those motherfuckers.
Fuck the Fucking Fuckers
Enough is enough! I have had it with these motherfucking snakes on this motherfucking plane!
I'm sure there's some sort of wise allegory in there somewhere.
Fuck the fucking Fuckers and all the fucking other fucking fuckers who keep fucking allowing the first fucking Fuckers to fuck them with fucking impunity every fucking day until they fucking won't fucking have fucking fuck left.
Any chance you're Australian?
Next the debt ceiling. Remove it and allow infinite debt to go along with Bernanke and the Fed's QE and printing to infinity.
Destruction of the Republic must, must be complete.
Gee, let me guess. We're going to move the goal post on the ceiling to 2016?
Turbo Timmy and King Obama already said they wanted to remove the debt ceiling.
Even better, lets just get this show on the road already then.
Hell, yeah... fuck legitimate accounting - it just slows us down!
When I was living in Europe I lost interest in european politics because everybody was going for the same thing, everybody on the left. It got really boring.
Then I come to Cananda in 1999. Politics???? Boredom to death.
Now even USA has become boring, boring, boring. Almost everybody is for the same thing, no practical differences.
You guys are boring, same as we here in Canada, same as europeans. Check the market, it goes only up and up and up and up and up and up and up..........freaking boring.
God, I hate boredom but I have nowhere to go, now.
Egypt? Arab spring should be fun for few years...
LOL
I mean really really OUT LOUD.
Buy a boat and get out to sea EKM. My mother in law (from Minsk) was telling me last night the US is almost done becoming the USSR. she said we need a (no idea how to spell it) Datchia? basically my mil who is clueless about this stuff knows it's prepping time. smart woman.
http://en.wikipedia.org/wiki/Dacha
Good one, good one. She speaks by experience, like me. Give her my regards.
She meant that you should grow your own food. According to her experience, when nobody wants to work, food shortages happen.
That's how USSR collapsed, food shortages because nobody wanted to work, everybody expected the gov to provide as per promise.
WTF happened?
She meant that you should grow your own food. According to her experience, when nobody wants to work, food shortages happen.
That's how USSR collapsed, food shortages because nobody wanted to work, everybody expected the gov to provide as per promise.
She meant that you should grow your own food. According to her experience, when nobody wants to work, food shortages happen.
That's how USSR collapsed, food shortages because nobody wanted to work, everybody expected the gov to provide as per promise.
The parties are basically the same, it's just a matter of degrees... whether you want full blown communism now or if you want it introduced bit by bit.
It comes always from the bottom, it's never imposed.
People think it's feasible to eat and live without working. That's what 400 million people thought in USSR+ Eastern Europe.
It lasted for a very long time until we ran out of food, literally. Nobody wanted to work.
Obama has promised the same thing. Big question:
Who will produce all those goods that NON WORKING people would like to consume?
Robots
Where in the hell is walstreetpro2?
The house has no balls, but does Fitch?
Do they downgrade the U.S. by Friday PM?
THUMBS UP=yes
THUMBS DOWN=no
Egan Jones Downgrades the U.S. by Friday PM
Egan Jones does not downgrade the U.S. again
My thought exactly but I gave it a down vote. Maybe credit watch negative.
Maybe Egan Jones will come through for you though.
All that said, credit ratings mean nothing in the stock casino.
Obama's legacy is now secure; he has proven himself to be the consumate politician as he was able to ramrod his version of a cliff aversion package through government channels without even breaking a sweat. His use of television as the bully pulpit to be dismissive of those who don't adhere to his philosophies would be terrific theater if it wasn't so sad in the actual outcome.
just wait....
until he BANKRUPTS the US....kenyan-gang-raping style...then we WILL SEE HIS "LEGACY"
I've been here for a while and I feel like ZH has really lost it's shit the last few weeks - Like the collective bullshit tolerance has finally been exceeded.
It's been downhill for at least 6 months or so. The sensationalist articles are getting more frequent and extreme.
Now...where is the next 'market crash immenent' article? Is it before or after the 'Iranian Navy to thump American military'?
Money was invented by man. It doesn't exist in nature.
So when there is an unsolvable money problem, it's not really serious.
Only oil ends this. Regardless of the alleged production numbers you see, Brent (the real price of oil) was at its all time end-of-year high yesterday at $111.11. It closed $107 last year and lower the year before.
The rise is relentless and it is oil that will take all this down. Oil wasn't invented by man. They can do nothing about it but kill large numbers of people to get consumption down.
I have been here a while as well. If you don't like it then leave. Where pray tell will you go? Stop bitching unless you can offer alternatives.
Ditto to Boilermaker. Get the fuck out if you don't like it.
What's with all the indignation? You knew this was certain to happen, you all know these clowns have sold their souls, this was decided months ago. Markets soar tomorrow, hope you covered your shorts!
I think there is serious ambivelance about this one.
it is becoming obvious the mess we are in.
Pedal to the floor
So now Congress has decided to go after the 2% earning more than $450k/year, who is the next target? Can't wait to see politicians demanding the next class of victims to step forward for their just treatment.
odummernomics-kanyanomics
says: @ 2030 PST:
gimme another debt limit increase...he says ERASE the word LIMIT from it....he racked up $7T in 4 years and wants more...then he says the Republicans racked it up...the LIE-beral in THIEF !! he bailed out ws by raping the 99% with O-DEBT-bamanomics and inflation
he wants $20T this year and next year $25T and the bond holders will waive good bye !!! = 20% interest rates = greece
And I would like an unlimited credit card too -- to be occasionally paid on with other people's money.
Novel idea: how about we lower the debt ceiling and put on across the board automatic spending cuts for every year until it gets back under a trillion. Had the ceiling never been allowed to increase above a trillion would we now be 16.4 trillion in debt?
First major cut to keep the auto cuts from being so draconian would be to eliminate the Dept of Homeland Security and all its tentacle bureaucracies, since it was a bogus agency created post-9/11 based on a bogus threat. Agriculture subsidies need to go. SS Disability needs reformed and the vast majority of claims granted over past four years eliminated, along with claims by most persons under 45, and replace disability due to drug or alcohol addiction with 3 month rehab. Medicare needs to be cut in half on basis of 2012 expenditures, (~556 bil), divided by persons 65 and older entitled to it (~50 mil) and a single annual payment for that amount paid directly to those beneficiaries as a subsidy to their health care, (the foundation of health care is nutrition, not insurance or pill pushers). Obamacare needs to be eliminated. SS retirement benefits were already age-adjusted so that persons retiring in future are not entitled to SS until later age by couple or so years and the system has always been self-sustaining. The addition of phony-baloney disability and medicare (as if society should bear the hospital costs for the obese tub of lard scootering down the grocery aisle to pick up more sugar laden processed cardboard) is what has made social security unaffordable. The minimum SS retirement benefit should be increased to $900/month, the max lowered to $1,800/month and elimination of SS retirement benefits if the would be beneficiary has averaged $50k in annual income, excluding SS benefits, over the previous 3 years, (social security was meant as a "safety net" for the elderly, not extra juice for the set-for-life pensioners). Tie COLA increases to more realistic inflation indexes (the cost of living increase is currently being UNDERstated) and give the Fed a single mandate of preserving purchasing power of the dollar. Eliminate foreign aid, support of most international agencies and defund the PPT.
Well, you get the idea...those are starts.
Everyone in Congress, and everyone on Wall St., and every CEO, and every business owner, on their list of who they care about, has themselves 1-9, and tied for 10.
And that is how we got, to where we are.
Why couldn't Boehner, Reid, Pelosi and the Bernank been the ones at the embassy in Benghazi?
because they are ones brokering secret deals to help terrorists to come to power in almost all Arabic countries... Arab spring...
Why couldn't I give the above post more than 1 thumb up?
Anyone have an extra aspirin? I think I just got fucked in the ass. Good news is that those unfortunate assholes who have been so unfortunate in just not finding the right job can sit on their asses a while longer playing X-Box and thinking of what new tattoo to get on their "sleeve". But we are recovering! We are! We need unemployment bennies to be unending, but we are recovering. Say that 100 times and then go buy a fuckin iPad and some Butt Lite to wash her down. #Merica!
King Obama's next items:
1.) Remove the debt ceiling
2.) Nullify the 2nd amendment.
3.) Remove the presidential term limit.
All, hail to the king. Bow down serfs in the presence of the anointed one.
The media will support the King.
They are already calling for it. The repukes have shown they aren't going to stand for anything. They just try to get whatever little piece of the pie they can slice off.