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And The Winner Is...

Tyler Durden's picture




 

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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Wed, 01/02/2013 - 00:01 | 3113817 takeaction
takeaction's picture

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....?

Wed, 01/02/2013 - 00:03 | 3113828 HedgeAccordingly
HedgeAccordingly's picture

hate to say this.. the market is going to gap wicked tomorrow - http://hedge.ly/VuUNLH 

Wed, 01/02/2013 - 00:09 | 3113847 Pool Shark
Pool Shark's picture

 

 

 

"So this is how liberty dies... with thunderous applause."

 

 

Wed, 01/02/2013 - 00:12 | 3113871 HoofHearted
HoofHearted's picture

What happens when they kick the fucking can right into the damned house of cards?

Wed, 01/02/2013 - 00:17 | 3113892 Michaelwiseguy
Michaelwiseguy's picture

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.

Wed, 01/02/2013 - 01:26 | 3114059 TwoShortPlanks
TwoShortPlanks's picture

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!

Wed, 01/02/2013 - 01:33 | 3114106 earnyermoney
earnyermoney's picture

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.

Wed, 01/02/2013 - 02:42 | 3114184 Supernova Born
Supernova Born's picture

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.

Wed, 01/02/2013 - 00:22 | 3113905 GoBadgers
GoBadgers's picture

Worst line from a shitty movie.............ever.

Wed, 01/02/2013 - 03:51 | 3114222 Lore
Lore's picture

 

 

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.

Wed, 01/02/2013 - 05:03 | 3114270 boogerbently
boogerbently's picture

Sure they do.

They VOTED for "this".

Wed, 01/02/2013 - 06:59 | 3114336 goldfish1
goldfish1's picture

No need to "vote". Diebold votes for them.

 

And "polls" and big media let the others know how they "should" vote.

Wed, 01/02/2013 - 00:04 | 3113836 infiniti
infiniti's picture

As Japan has shown, this can go on for a very long time.

Wed, 01/02/2013 - 00:10 | 3113867 Lord Of Finance
Lord Of Finance's picture

'I think were turning Japanese, turning Japanese. . . I really think so' (to)

Wed, 01/02/2013 - 00:14 | 3113874 JLee2027
JLee2027's picture

As Japan has shown, this can go on for a very long time.

No it can't. The USD is the worlds reserve currency. 

Wed, 01/02/2013 - 00:36 | 3113947 DavidC
DavidC's picture

For how much longer?

DavidC

Wed, 01/02/2013 - 05:06 | 3114271 boogerbently
boogerbently's picture

Sovereigns are using gold to circumvent the " worlds reserve currency."

Wed, 01/02/2013 - 00:15 | 3113879 Id fight Gandhi
Id fight Gandhi's picture

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.

Wed, 01/02/2013 - 00:53 | 3114010 Renewable Life
Renewable Life's picture

And who wants to begin the odds making that the vote count will be the same for the debt ceiling charade too???

Wed, 01/02/2013 - 00:09 | 3113862 Snakeeyes
Snakeeyes's picture

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...

Wed, 01/02/2013 - 01:44 | 3113902 tickhound
tickhound's picture

And just like the French, they're always there when they need us.

Wed, 01/02/2013 - 00:36 | 3113937 DavidC
DavidC's picture

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

Wed, 01/02/2013 - 02:05 | 3114155 ball-and-chain
ball-and-chain's picture

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

Tue, 01/01/2013 - 23:59 | 3113818 ghostfaceinvestah
ghostfaceinvestah's picture

The Tea Party movement officially dies tonight.

Wed, 01/02/2013 - 00:08 | 3113855 crawl
crawl's picture

Why vote Republican and get a Democrat in drag?

Wed, 01/02/2013 - 01:42 | 3114128 lunaticfringe
lunaticfringe's picture

Perfect.

Wed, 01/02/2013 - 00:11 | 3113869 earnyermoney
earnyermoney's picture

I doubt it.

 

Getting back to the Blue and Red fascists running the country.

Wed, 01/02/2013 - 02:53 | 3113945 Renewable Life
Renewable Life's picture

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!

Wed, 01/02/2013 - 05:09 | 3114274 boogerbently
boogerbently's picture

Now we find out if there are ANY "public servants" in that town.

Wed, 01/02/2013 - 00:48 | 3113985 JPM Hater001
JPM Hater001's picture

"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?

Tue, 01/01/2013 - 23:59 | 3113820 michiganmaven
michiganmaven's picture

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

Wed, 01/02/2013 - 00:00 | 3113821 RmcAZ
RmcAZ's picture

Loser is... The American people.

Wed, 01/02/2013 - 00:26 | 3113900 NoDebt
NoDebt's picture

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'.

Wed, 01/02/2013 - 00:39 | 3113955 ZeroAvatar
ZeroAvatar's picture

The Republicans have abandoned their constituency.

 

49% of America has NO political leadership, whatsoever.  Each and every 'leader' should now be dismissed.

Wed, 01/02/2013 - 05:12 | 3114276 boogerbently
boogerbently's picture

"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.

Wed, 01/02/2013 - 10:57 | 3114728 UGrev
UGrev's picture

Time to get rid of the Republican party. They are complete pussies. 

Wed, 01/02/2013 - 00:01 | 3113822 surf0766
surf0766's picture

Paul "Tea Party" Ryan voted yes.. Everyone knew he wasn't.

Wed, 01/02/2013 - 00:08 | 3113853 kridkrid
kridkrid's picture

But he did run a sub 3hr. marathon and has a P90X hot body.

Wed, 01/02/2013 - 00:49 | 3113995 FEDbuster
FEDbuster's picture

Bet Ron Paul voted "No", he will be missed.  Rand voted "No" in the Senate vote.

 

Wed, 01/02/2013 - 00:08 | 3113857 surf0766
surf0766's picture

and Cantor is the same as Ryan.

Wed, 01/02/2013 - 00:01 | 3113823 CrashisOptimistic
CrashisOptimistic's picture

Can't be sure but it looks like it passed over a minority of the majority.  This is supposed to cost Speakers their jobs.

Wed, 01/02/2013 - 00:27 | 3113919 wee-weed up
wee-weed up's picture

We can only hope!

Wed, 01/02/2013 - 00:01 | 3113824 Conman
Conman's picture

Any question on whether or not the government only cares about the level of the stock markets should be answered tonight.

Wed, 01/02/2013 - 01:09 | 3114046 Harbanger
Harbanger's picture

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.

Wed, 01/02/2013 - 04:30 | 3114259 Just Ice
Just Ice's picture

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. 

Wed, 01/02/2013 - 00:02 | 3113827 rubiconcap
rubiconcap's picture

never have so many unemployed US workers watched CSPAN instead of honey boo-boo reruns 

Wed, 01/02/2013 - 00:50 | 3113994 JPM Hater001
JPM Hater001's picture

Honey has new moves...

Wed, 01/02/2013 - 00:02 | 3113830 ShrNfr
ShrNfr's picture

It passed with a majority. Off to Old Bla Bla for him to spike the ball. Sad for the country.

Wed, 01/02/2013 - 00:17 | 3113888 Bad Attitude
Bad Attitude's picture

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.

Wed, 01/02/2013 - 00:03 | 3113831 lunaticfringe
lunaticfringe's picture

I am in awe. Watching the greatest nation ever fold up like a cheap suit. Fucking pussies.

Wed, 01/02/2013 - 00:51 | 3114003 JPM Hater001
JPM Hater001's picture

I awe your awe...

Wed, 01/02/2013 - 00:02 | 3113832 hankwil74
hankwil74's picture

Krugman sits back and smiles

Wed, 01/02/2013 - 00:30 | 3113928 wee-weed up
wee-weed up's picture

He and Bernanke are having a mutual-masturbation jerk-off!

Wed, 01/02/2013 - 00:53 | 3114008 JPM Hater001
JPM Hater001's picture

----> Krugman follows ZH More

----> Bernanke follows ZH More

 

I will re-post this...something about this poll seems relevant.

Wed, 01/02/2013 - 00:03 | 3113833 jim249
jim249's picture

The Repubs need your donations. Send money now!

Wed, 01/02/2013 - 05:14 | 3114278 boogerbently
boogerbently's picture

They already got it. In the form of increased taxes and continued printing (that we will have to pay for).

Wed, 01/02/2013 - 00:26 | 3113834 Id fight Gandhi
Id fight Gandhi's picture

Hike for anyone paying payroll taxes.

Wed, 01/02/2013 - 00:29 | 3113926 Town Crier
Town Crier's picture

Yes and that means everybody who has a job and every employer. Self-employed persons will pay double.

Wed, 01/02/2013 - 02:14 | 3114166 I only kill chi...
I only kill chickens and wheat's picture

Find this line on a 1040, Deductible part of self-employment tax. Attach Schedule SE.

Double my ass Tax genius.

Wed, 01/02/2013 - 00:06 | 3113842 devo
devo's picture

Earth to gold traders: they're going to have to 'print' 99% of this deal.

Wed, 01/02/2013 - 00:23 | 3113843 PLira
PLira's picture

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.

Wed, 01/02/2013 - 00:25 | 3113913 138
138's picture

Don't worry, they're busy working on that last box too...

Wed, 01/02/2013 - 00:06 | 3113844 SheepDog-One
SheepDog-One's picture

They are now just heroin junkies nothing matters as long as you can get just 1 more fix.

Wed, 01/02/2013 - 00:07 | 3113845 tooriskytoinvest
Wed, 01/02/2013 - 00:07 | 3113848 surf0766
surf0766's picture

THE GOP died tonight.  Rhino's need to do the full cross-over to Dem as we all know they will.

Wed, 01/02/2013 - 00:36 | 3113946 Unprepared
Unprepared's picture

I advise they name it the BNP.

Wed, 01/02/2013 - 05:17 | 3114280 boogerbently
boogerbently's picture

Have a blue,

blue, blue, blue,

blue, blue, blue country.

Wed, 01/02/2013 - 00:07 | 3113849 barliman
barliman's picture

 

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 ...

Wed, 01/02/2013 - 00:09 | 3113859 PLira
PLira's picture

Perception is reality in this new world order.

Problem is, reality has a way of coming into perception.

Wed, 01/02/2013 - 00:11 | 3113865 jim249
jim249's picture

We saw our stubs on Monday. The bitching has started.

Wed, 01/02/2013 - 00:57 | 3114021 JPM Hater001
JPM Hater001's picture

"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

Wed, 01/02/2013 - 00:08 | 3113854 Lord Of Finance
Lord Of Finance's picture

Time to start buying some crack and get on the government dole.

Wed, 01/02/2013 - 00:44 | 3113958 TruthInSunshine
Wed, 01/02/2013 - 00:58 | 3114023 JPM Hater001
JPM Hater001's picture

Can I just earn an honest living growing quality pot?

Wed, 01/02/2013 - 00:09 | 3113856 SheepDog-One
SheepDog-One's picture

'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.

Wed, 01/02/2013 - 00:18 | 3113893 GMadScientist
GMadScientist's picture

What the fuck do you want to call someone who collects a payroll for doing work?

Non-investor?!

Wed, 01/02/2013 - 00:09 | 3113858 Seasmoke
Seasmoke's picture

Paul Fucking Ryan......i knew i was right when i posted i hated that guy.....

 

anyone here at ZH , still pissed that Romney lost ?????????????????

Wed, 01/02/2013 - 00:13 | 3113870 PLira
PLira's picture

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

Wed, 01/02/2013 - 00:16 | 3113885 surf0766
surf0766's picture

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.

Wed, 01/02/2013 - 00:28 | 3113921 Obchelli
Obchelli's picture

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

Wed, 01/02/2013 - 07:12 | 3114340 Room 101
Room 101's picture

+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.

Wed, 01/02/2013 - 00:28 | 3113923 Jacque Itch
Jacque Itch's picture

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. 

Wed, 01/02/2013 - 00:10 | 3113860 trillion_dollar...
trillion_dollar_deficit's picture

That about wraps it up for Paul Ryan 2016.

Wed, 01/02/2013 - 00:24 | 3113908 dwdollar
dwdollar's picture

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.

Wed, 01/02/2013 - 00:38 | 3113954 wee-weed up
wee-weed up's picture

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!

Wed, 01/02/2013 - 00:09 | 3113864 rodimus1
rodimus1's picture

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...

Wed, 01/02/2013 - 05:24 | 3114282 boogerbently
boogerbently's picture

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......"

Wed, 01/02/2013 - 00:11 | 3113866 Obchelli
Obchelli's picture

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

Wed, 01/02/2013 - 00:15 | 3113882 GoBadgers
GoBadgers's picture

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.

Wed, 01/02/2013 - 00:18 | 3113894 Obchelli
Obchelli's picture

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...

Wed, 01/02/2013 - 00:29 | 3113925 a growing concern
a growing concern's picture

Don't sweat it.  He's just upset over his team losing their bowl game tonight.

Wed, 01/02/2013 - 15:06 | 3115591 GoBadgers
GoBadgers's picture

You had to bring that shit up.....

Wed, 01/02/2013 - 05:15 | 3114277 bunnyswanson
bunnyswanson's picture

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

Wed, 01/02/2013 - 07:16 | 3114342 Room 101
Room 101's picture

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.  

Wed, 01/02/2013 - 00:12 | 3113872 Lord Of Finance
Lord Of Finance's picture

Oh yee of little faith in politicians.

Wed, 01/02/2013 - 00:12 | 3113873 hairball48
hairball48's picture

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

Wed, 01/02/2013 - 00:18 | 3113875 bnbdnb
bnbdnb's picture

Well, now with my raise, my paychecks only go down .5%

Wed, 01/02/2013 - 00:14 | 3113876 Jacque Itch
Jacque Itch's picture

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".

 

Wed, 01/02/2013 - 00:16 | 3113884 GMadScientist
GMadScientist's picture

Wait until you see corporate revenues for Q113...then you'll see some real fucking tears.

Wed, 01/02/2013 - 03:48 | 3114237 Lore
Lore's picture

Hey, yeah!  And don't forget the 2012 retail sales coming out soon. BWAHAHAHA

Wed, 01/02/2013 - 00:14 | 3113878 GMadScientist
GMadScientist's picture

<-- The Tea Pot Dome Express has left the station

<-- No, they're "really mad" now...

Wed, 01/02/2013 - 00:15 | 3113880 Boilermaker
Boilermaker's picture

What's sad is that there will still be a huge portion of the population that will still believe the parties are different.

Wed, 01/02/2013 - 01:25 | 3114084 JPM Hater001
JPM Hater001's picture

what's that?

Wed, 01/02/2013 - 00:15 | 3113881 palmereldritch
palmereldritch's picture

'Cliff'-Off (for now)...'Debt-Ceiling'-on

http://www.youtube.com/watch?v=2mX2HNwVr9g

Wed, 01/02/2013 - 07:22 | 3114344 Room 101
Room 101's picture

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.

Wed, 01/02/2013 - 00:16 | 3113889 TedBagwell
TedBagwell's picture

Fuck those motherfuckers.

Wed, 01/02/2013 - 00:27 | 3113917 Almost Solvent
Almost Solvent's picture

Fuck the Fucking Fuckers

Wed, 01/02/2013 - 00:32 | 3113932 a growing concern
a growing concern's picture

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.

Wed, 01/02/2013 - 00:38 | 3113953 akak
akak's picture

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.

Wed, 01/02/2013 - 02:03 | 3114152 John_Coltrane
John_Coltrane's picture

Any chance you're Australian?

Wed, 01/02/2013 - 00:17 | 3113890 yogibear
yogibear's picture

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.

 

Wed, 01/02/2013 - 00:18 | 3113895 Critical Path
Critical Path's picture

Gee, let me guess.  We're going to move the goal post on the ceiling to 2016?

Wed, 01/02/2013 - 00:19 | 3113897 yogibear
yogibear's picture

Turbo Timmy and King Obama already said they wanted to remove the debt ceiling.

Wed, 01/02/2013 - 00:22 | 3113904 Critical Path
Critical Path's picture

Even better, lets just get this show on the road already then.

Wed, 01/02/2013 - 00:43 | 3113966 wee-weed up
wee-weed up's picture

Hell, yeah... fuck legitimate accounting - it just slows us down!

Wed, 01/02/2013 - 00:19 | 3113896 ekm
ekm's picture

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.

Wed, 01/02/2013 - 00:26 | 3113915 Amused2Death
Amused2Death's picture

Egypt?  Arab spring should be fun for few years...

Wed, 01/02/2013 - 00:28 | 3113924 ekm
ekm's picture

LOL

I mean really really OUT LOUD.

Wed, 01/02/2013 - 00:34 | 3113939 fonzannoon
fonzannoon's picture

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.

Wed, 01/02/2013 - 00:39 | 3113956 ekm
ekm's picture

http://en.wikipedia.org/wiki/Dacha

 

Good one, good one.  She speaks by experience, like me. Give her my regards.

Wed, 01/02/2013 - 00:55 | 3114012 ekm
ekm's picture

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.

Wed, 01/02/2013 - 00:56 | 3114018 ekm
ekm's picture

WTF happened?

Wed, 01/02/2013 - 00:55 | 3114013 ekm
ekm's picture

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.

Wed, 01/02/2013 - 00:55 | 3114014 ekm
ekm's picture

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.

Wed, 01/02/2013 - 00:40 | 3113959 Dr. Engali
Dr. Engali's picture

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.

Wed, 01/02/2013 - 01:00 | 3114022 ekm
ekm's picture

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?

Wed, 01/02/2013 - 01:15 | 3114063 earnyermoney
earnyermoney's picture

Robots

Wed, 01/02/2013 - 00:20 | 3113898 TedBagwell
TedBagwell's picture

Where in the hell is walstreetpro2? 

Wed, 01/02/2013 - 00:31 | 3113903 j-dub
j-dub's picture

The house has no balls, but does Fitch?

Do they downgrade the U.S. by Friday PM?

THUMBS UP=yes

THUMBS DOWN=no

 

Wed, 01/02/2013 - 00:35 | 3113940 j-dub
j-dub's picture

Egan Jones Downgrades the U.S. by Friday PM

Egan Jones does not downgrade the U.S. again

Wed, 01/02/2013 - 00:37 | 3113950 Jacque Itch
Jacque Itch's picture

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.

 

Wed, 01/02/2013 - 00:22 | 3113906 NIETSNEREM
NIETSNEREM's picture

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.

Wed, 01/02/2013 - 00:31 | 3113931 muppet_master
muppet_master's picture

just wait....

until he BANKRUPTS the US....kenyan-gang-raping style...then we WILL SEE HIS "LEGACY"

Wed, 01/02/2013 - 00:25 | 3113910 Theos
Theos's picture

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.

Wed, 01/02/2013 - 00:32 | 3113927 Boilermaker
Boilermaker's picture

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'?

Wed, 01/02/2013 - 00:45 | 3113969 CrashisOptimistic
CrashisOptimistic's picture

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.

Wed, 01/02/2013 - 10:50 | 3114700 PlausibleDenial
PlausibleDenial's picture

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.

Wed, 01/02/2013 - 00:25 | 3113911 Amused2Death
Amused2Death's picture

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!

Wed, 01/02/2013 - 01:11 | 3114052 mendigo
mendigo's picture

I think there is serious ambivelance about this one.
it is becoming obvious the mess we are in.
Pedal to the floor

Wed, 01/02/2013 - 00:26 | 3113914 crawl
crawl's picture

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.

Wed, 01/02/2013 - 00:29 | 3113920 muppet_master
muppet_master's picture

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

Wed, 01/02/2013 - 06:08 | 3114308 Just Ice
Just Ice's picture

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. 

Wed, 01/02/2013 - 00:28 | 3113922 SmoothCoolSmoke
SmoothCoolSmoke's picture

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.

Wed, 01/02/2013 - 00:33 | 3113934 Lord Of Finance
Lord Of Finance's picture

Why couldn't Boehner, Reid, Pelosi and the Bernank been the ones at the embassy in Benghazi?

Wed, 01/02/2013 - 00:36 | 3113943 Obchelli
Obchelli's picture

because they are ones brokering secret deals to help terrorists to come to power in almost all Arabic countries... Arab spring...

Wed, 01/02/2013 - 00:38 | 3113952 j-dub
j-dub's picture

Why couldn't I give the above post more than 1 thumb up?

Wed, 01/02/2013 - 00:39 | 3113949 IridiumRebel
IridiumRebel's picture

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!

Wed, 01/02/2013 - 00:43 | 3113951 yogibear
yogibear's picture

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.

Wed, 01/02/2013 - 00:45 | 3113976 Dr. Engali
Dr. Engali's picture

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.

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