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Republicans Considering "Temporary" Debt-Ceiling Increase
In what is sure to be a complete non-starter with the Obama administration, WSJ reports that Paul Ryan said that "Republicans are discussing whether to support a short-term increase in the nation's borrowing authority, possibly linking the debt ceiling to future talks aimed at reaching a major deficit deal....Mr. Ryan said no decisions have been made about how to approach the debt and spending negotiations, but that leaders hope House Republicans will reach consensus on a strategy by the end of the week. The former vice-presidential candidate said "we're discussing the possible virtue of a short-term debt limit" increase that would lead to broader deficit talks with Senate Democrats and the White House. "We hope to achieve consensus on a plan to proceed so we can make progress on controlling spending and deficits and debt," Mr. Ryan said." The logical question immediately arose, and promptly received a non-answer "Mr. Ryan wouldn't say what he meant by a temporary debt-ceiling increase, declining to give a specific increase figure or timeframe for an extension."
Needless to say, Obama will hold out for nothing short of a full increase that lasts at least 2 years, and like in the summer of 2011, is accompanied by many promises about cutting future spending, and likely set up another "cliff" type automatic gate some time down the road which will will also have to be pushed back like the current one, which still has to have the spending side resolved. So while this is a lot of non-news, what it is is the starting position in negotiations, which now have 4 weeks to come to some conclusion before the US begins defaulting on 40% of its mandatory payments, although certainly not interst payments as explained yesterday.
For those curious how big the debt ceiling hike will have to be this time around, this too was shown yesterday:
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Well, of course they are.
Anyone who thinks the RINO Party will let their masters on or in Wall Street/DefenseInc/BigBanking/BigPharma/BigAgriculture down, when all the aforementioned are taxpayer mammary teat suckers of nth degree, must not realize the basic fact that Amerika is no longer a multiple party republican form of democracy, but a puppet & kangaroo mono-party corpocracy.
The debt ceiling will always and forever be raised, regardless of the "antics," because to do otherwise would be akin to shutting off the taxpayer/debt-serf milk supply to the real constituency of Amerika.
How about temporary fucking politicians?
bitcoin flew past $15.
Gosh, I was beggining to worry it woudn't grow by 10%/month like it did last year.
Just out: James Turk - Germany's Gold Is Being Held Hostage
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/17_James_Turk_-_Germanys_Gold_Is_Being_Held_Hostage_1.html
Nothing ZH-ers don't already know/suspect. Interesting piece though.
Might not be long until physical isn't available at any price.
Arent all debt ceiling increases tempory? Until the next inevitable roof raising?
"Nothing is so permanent as a temporary government program." - Milton Friedman
The Republican Party of today seem to have developed enough flexibility to kiss their own asses goodbye.
That already happened when they started kowtowing to the conservative media loons like Rush... In other words being held captive to unaccountable sources that were driven purely by profit... Fox News sealed the deal...
Case in point: When you think of it, has that blowhard Rush ever had anything constructive to say or add?
Yes, he mentioned that FlakMadchen was a pussy.
we'll be here in a few years talking about whether they want to raise it to 27T or 30T.
oooh....Did you think of that one all by yourself?
My fuck, if you dumb shits don't like what I type, come up with something constructive as a counterpoint...
You have no idea how fucking pathetic you come across when all you can offer is the above lame shit...
Fuck these republican cunts. They are as useful as tits on a boar.
With an opposition party like the republicans, who needs allies?
What do you expect from a party that openly despises and actively torpedoes at every opportunity every true conservative or libertarian that comes along?
The GOP is dead, the E-GOPer's are just too damn stupid to realize that.
I bet 2014 will be one of those off cycle elections that bucks the trend whereby the incumbent party loses big...I think the run of the mill GOP candidates get stomped primarily because nobody sees any point in voting for them!
Thumbs up for you, my thoughts exactly.
Fuck it, raise the MF up to $30 trillion and be done with it. We can take bets on how high that debt will get before we get the crack-up boom.
You don't understand theater.
Obama just came out with a plan to cut unemployment.
He is gonna expand the NBA to 32,000 teams
I hope the NHL gets the same treatment, you know for all the unemployed white guys.
Yes, and further in the King World News we have a "WHY":
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/16_Why_Its_Taking_7_Years_For_Gold_To_Be_Returned_To_Germany.html
http://www.kingworldnews.com/kingworldnews/Gold.html
1. WHY The Delay = IT'S ALL GONE!
2. Both China and US Fed want to manipulate AU. Each for own, but different reasons:
2.a. US Fed can't have the USD (their FRN) loose GRC status, or no more printing-galore and the Empire collapses
2.b. The Chinese want the AU price low, so they can buy more (need more time!) to have enough for a Gold-backed Renminbi.
My take = In the meantime, both are trying to mess with the economy and sheep morale of the other. Psy Ops 2013.
Everyone else -- you, me, all other Central Banks -- want Phyz-AU ASAP. Tick, tock, tick, tock.
This "Debt Ceiling" debate is like arguing if we should go over a 160 foot cliff or 200 foot cliff. It's already too late, so don't be a "schmuck", to fall for False-Flage Arguments. Pack your damn Parachute and be ready to pull the Rip-Chord!
Honestly if the Republicans are going to be the party of spineless pussies, I might as well vote for the free-shit party. I can't think of a faster way to lose my vote.
Man up, Ryan. You little faggot. Either you put your money where your mouth is, or you're a worthless sack of shit.
So tired of this kabuki. The Republicans have never been this lost. I wonder if they know how pathetic they look. At least the Democrats are expected to be the party of fiscal cluelessness. What's the excuse for these supposed "fiscal conservatives" on their knees with their mouths full of banker cock?
...I'm also done not being crass. This all warrants utter rudeness.
Paul Ryan has a large self-managed stock portfolio.
The GOP is trying hard for that black vote.
If they cave on this and the gun ban, they are done.
There might be another play in mind. The optics of holding firm on the debt issue are not as good as holding firm on the CR and sequester, so by pushing the limit issue back, they may be looking for that advantage. See http://keithhennessey.com/2013/01/14/raise-and-cut/ for more on this.
The Republicrats are a minor appendage of the Democrats. Kept alive simply to neo-con Whites/Rights into voting for a system that is liquidating them. Both run by the same Zionist Directorate.
OR
They are truly sorry ass bitches. The republic is over.
The Republic died in 1913. Where have you been?
Took a mortal wound in 1913 and has been bleeding fiat ever sense...I think we're seeing hearing the death rattle now...
takin a dump or doin my nails
Paul Ryan is a bailout girly man
Tyler, you slightly misquoted Rep. Paul Ryan. What he actually said, according the his closest aides, was "We House Republicans will bend over and spread our cheeks, and take all the buggering that Obama wishes to dish out."
Republicans are in a tough situation. The 3 biggest fiscal expenditures are Defense, SS and Medicare. If they propose to CURRENTLY cut SS/Medicare they risk alienating one of their core constituents so all they can do is call for cuts in the far future which has no affect on today's budget. Defense spending and "no new taxes" are core Republican beliefs so this is off the table.
The Republicans have no real solution so this explains Ryan's apathetic look.
Pathetic.
FIFY
No, I think the GOP (like Ron Paul) finally realize there is nothing that will stop this trainwreck and they are simply going along for the ride. Like after WWII the main job of the PM was handling Britain's demise as a world power, the best we can hope for is to manage the catastrophe as good as we can. I don't believe for a moment, Ryan or anyone else has the slightest confidence that we can restore fiscal sanity. Especially after the voters have repeatedly shown that they want the status quo.
Couldn't have said it better.
And the clueless GOP is talking of being more "inclusive" and folding on illegal immigration, right to life, and small government.
Why vote at all, but why especially would I vote for "we''re going to raise your taxes, reduce your liberties, AND cut already taxed entitlements."???
@Popo
With complete respect,
how can you even consider continuing to vote?
I truly do not comprehend how it is possible for u s citizens to continue playing a game that is so horribly stacked against them. It seems to me that real patriots would REFUSE to vote for candidates of the fascist machine--- om
The ONLY thing that will change the status quo is if folks like yourself run for Congress and make changes. I can't figure out how folks think thaings will change by not being involved Our rep (Marsha Blackburn) consistently votes the "rught" way - against Sandy, for offsets, against the New Years "deal", yes to auditing the FED, etc - but she recently admitted she was "tired" of fighting useless battles.
thank you couldnt have possibly said it better
Get out the headlamps and spelunking gear because the RINOs are going caving.
From "Fiscal Cliffing" to "Cave Diving" in the spate of a few short weeks!
A short extension is wise.
The real deadline has never been the debt ceiling, which will be raised without question.
The real deadline is the Continuing Resolution that authorizes spending. Obama is right that spending already spent must be paid for. What he doesn't say is that March 31, authority to spend more stops, and it is THAT deadline that matters. That's where the cuts go into law, regardless of debt ceiling.
why sure after caving in fifty times in a row they are going to grow some balls then.....
You must live in Colorado or Washington state........and be higher than a kite.
Allow me to be as clear as I can be.
If you have any faith at all in EITHER party, you are either fucking retarded or a sociopath.
Why not just stand in a circle and jackoff
How do you know they're not?
Might not be wise to be standing right through to the end, gravity and all
The Repubs also allowed the debt ceiling to be raised last time with some automatic imaginary cuts to take place down the road. Bunch of bullshit artists, just like the Demoncraps.
No, last time they came up with these rules. Like iron clad. A sequester. Automatic spending CUTS.
Like crack addicts with rent money in hand.
That is what this place has turned into.
Come on Ryan, why not tell us exactly WHY the debt ceiling has to be raised?
Mr. Policy Wonk, why not give us a little lesson in exponents?
pods
Pods,
I'm not Ryan but I can respond. If the world suddenly starts selling dollars your cheers will be drowned out by hordes crashing down the supermarket stores. Gas will spike as will every other product. Worser, credit will freeze and folks won't get paid. Many ZHers apparently salivate at the thought of breakdown but it's not an intellectual exercise or political statement - it's starvation. No, I don't have a solution for this fiasco and yes it will explode and probably end as I described above. Perhaps we can debase the currency so much that the difference between its value and nothing will be minimal.
Well for my kids sake I am praying for EXACTLY that to happen. I am not salivating over that, but I surely cannot sleep well thinking how these chains will fit upon my children.
I am not surprised that you do not have a solution, for there is none.
Fractional reserve banking and legal tender is the worst thing ever invented to enslave humans. It has done more than the whip could ever do.
Tomorrow I am sending my daughter to school with an artifact. The teacher wanted them to bring in something old, an artifact. A rotary phone, cassette player, etc.
I am sending her into school with 3 silver coins. And I told her that when this dime was made, it would buy a loaf of bread. And even today, this dime still will buy a loaf of bread.
I also showed her a dollar and a 20 dollar bill. I asked her what was different between them. She said the number.
We are taught that our slavery is how life is supposed to be. But yet we work harder year after year, only to fall farther behind.
That is because of the system which we are living under.
And the best way to get ahead is to steal from your fellow slaves.
I am tired of that kind of system.
pods
It's not Bullshit!
It's RepublicanRINO Bullshit!
Which is different that DemocratBatShitCrazy Bullshit!
Because THEY BOTH said so!
Yesserie, Bi-Partisan Agreement, so it must be truthy...
(Kunks honey, don't say things like that. You might embarrass them and then they'd get mad and raise our taxes, sweetiepie. You just go lay down for a while and I'll get you a nice warm enema bag...)
Public Enema!
It's just a puppetshowtocracy...there exists nothing but the District of Columbia Corporation majority shareholders in the crony Fortune 500 overseeing the bankrupt nation.
@Truth
You mean we don't have representation? As a corrollary, the only action Americans can take is to REPUDIATE the DEBT? All it would take is some creative accounting come tax season, what is good for the banksters is good for the public, right?
I can dream, can't I?
Time for eveyone to just stop. Stop working, stop paying taxes, stop getting into debt, stop feeding the system and it will fall flat on its face from starvation.
COWARDS!
Feral debt increased 113% since Q2 2008 while real GDP increased by only 2.6%!!!!
WHAT IS THE F***ING POINT??????????????
It almost seems as if congress knows the bottom will soon fall out and that a new paradigm will have to be created at the federal level. A temporary debt ceiling inscrease is a joke and waste of breath. There is a good reason Repblicans are losing seats and power. It comes down to a lack of leadership and that burden falls squarly on the caucuses for choosing men who are unwilling to spend the time and effort to create meaningful cuts. It only goes to show there is only one party and that party is called Money- and it talks, and it votes, it even walks to other shores.
Regards,
MR A
No blame for the other side?
This is the Pro Wrestling of politics in all it's feigned indignation. The outcome of the match is pre-determined. Taxes will go up, spending will not go down, money will continue to be printed. The rest is just arguing over whether they should try a a flying suplex or bounce off the ropes and clothesline the other guy.
Can you smell what The Barack is cookin'?
Woof?
pods
We're being herded by a bunch of liars!
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare).
Let them raise it however high they want. More rope more rope..
The Republicans are so inept they couldn't even beat an incompetent black man! We are doomed ..........................at some point in the future.
This is going off the cliff, pure and simple.
Okay...so it's just the tip, right...?
and they promise to warn beforehand..
We are not a nation of rhythm method.
Except with the altar boys...
Yes - and they'll only do it if the One promises not to come in their mouth.
We're only true conservatives until it disrupts the status quo.
-GOP
Apparently, literally everything disrupts the status quo.
IOW, we're true conservatives until we have to do something conservative.
Downgrades by all three seem right around the corner.
LOL !! good one
logic says yes....the very heavy hand of the government says no....................
The US is not Greece!
The US is not a deadbeat nation
Spain is not Uganda
Detroit is almost Uganda
The USA of 2013 is not the USA of 1783, or the USA of 1913.
I did not have sex with that woman.
Egzactly ! Kalifornia is Greece !
" California owes more money to Wall Street per resident than nearly every other State "
I gots your temporary taxes right here, Jerry !
http://www.bloomberg.com/news/2013-01-16/california-unsaved-speeds-toward-a-wall-of-debt.html
Federal Income tax is temporary too - I'm still waiting for it to go away..........zzzzzzz
Interesting thing happened to me with my current IRS payment plan bill. I "owed" those cocks just over $14,500 for 2010 and 2011. I have made two $181 payments to them over the past two months and my most recent statement just came in the mail. Turns out, they took $1,500 off the total amount owed and there was no acocunting record as to why. Not that I am complaining, I just thought I would share.
That's the reserve. So in 20 years they can come back and say "Remember that $1500 you owe us? With interest and inflation that is now $2 gazillion.
Joke will be on them. I have a commerative coin that is worth $3 gazillion, so I hope they have change. Either that or I will give them one of these - https://twitter.com/i/#!/FamilyRotten/media/slideshow?url=pic.twitter.com%2FU2dzUQ3B
Someone had a couple of cocktails lunch and you got lucky.
It ain't like they actually care how much comes in. Little power hungry tyrants who determine who gets blessed by their benevolence.
The stink that his going to accompany these bastards on pig poles is going to be epic.
Remind me to get some Febreeze, or at least a couple of Camels for the nose.
pods
One of my buddies landed a job there about a year ago. He and I went snowboarding recently and the stories he tells about these deadbeat mother fuckers working there. He said there is a strange game that goes on in the call center where the agents see how long they can keep putting someone on hold over and over again. During the hold time, the agent will literally just stare at the wall. Bunch of fucktards.
Doesn't really surprise me. That is what happens when you remove all accountability.
pods
Execute all these fuckers already.
Their corporate masters figured out they would lose money if they balked.
Lemmings.
DEFAULT ALREADY.
America IS A DEAD BEAT NATION. CUT OFF THE CREDIT CARD.
Naw ~ We just need a payday loan to get us thru to the next credit card payment... It's all good...
Maybe gooberment needs to start pawning stuff? Its all the rage on the 'reality' TV shows now.
The 'First Lady' could start doing tricks... [Naw ~ nevermind, that would never work]....
I had to delete that comment ....
(Oh man, that was just so fucking wrong)
No shortage of 'concerned citizens' putting theiur vast intellects together in an effort to solve the national debt [to moneyprinters] problem...
~~~
With that kind of collective effort, I'm sure we're closer to a solution than ever [save for the part that we haven't put a face on the money printers in question & continue to tiptoe along with the idea that the money prints ITSELF]...
If you aren't going to say it, then I will. Joobux! JOOBUX! jOOBUX! Set the printers on turbo-timmy speed and max out the engines! Print more JOOBUX! ! ! ...at least it keeps crackett away!!!
don't give 'em idea[l]s like selling timber/mineral rights from 'federal' lands to the chicoms, they'll do it. basterds, all of 'em.
They already are. China is the largest holder of commercial and port land in Toledo Ohio and is purchasing Great Lakes water thanks to a loophole in the Great Lakes Water Pact that prohibits the diversion or selling of one of the largest sources of drinkable water.
Both Chinese and Indians have been in Tennessee looking (buying?) for farmland. That's reassuring because it implies that they see the US as a viable state in the future. On the other hand, I am getting the Rosetta Stone's Mandarin an Hindu lessons for my grandchild. My question: Can foreigners buy land in these two nations?
so, everything now is a temporary fix until the next temporary fix in a few months. our "leaders" are a complete joke. no wonder money is fleeing the US and running into depressionary Europe.
They idiots are complete buffoons
All they debts are belong to US
Politicians aren't going to voluntarily end their incoming stream of money and power. Unfortunately, the market will end it for them very soon.
Sorry, for a moment I thought you wrote the unicorns will end it for them sooon.
The rainbow and unicorns is the politicians thinking the market will not overcome them.
'Borrowing authority'? Who are we pretending we're borrowing FROM today except ourselves?
but the 95% are still fooled - their only goal - mission accomplished, quite easily
It's not borrowing and it's not just from ourselves. What's really happening is the burden any additional spending is being put on all dollar holders since the debt is now being monetized, and the dollar is the world's reserve currency.
.
Cowards.....no balls. They are just fellating the Community Organizer in Chief. They don't realize that if they let him do what he wants they are gone and if they don't they may be gone as well, but at least they'll go down with honor.
"Mr. Ryan said no decisions have been made about how to approach the debt and spending negotiations, but that leaders hope House Republicans will reach consensus on a strategy by the end of the week."
Read: We have no strategy because we have no good leverage to use for spending cuts.
"The former vice-presidential candidate said "we're discussing the possible virtue of a short-term debt limit" increase that would lead to broader deficit talks with Senate Democrats and the White House."
And there you have the real plan: More deficit talks after February, more can kicking, and no spending cuts.
We're being herded by a bunch of liars!
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare).
Don't you read the papers or watch the news? We DID have spending cuts - winding down the wars in Iraq and Afghanistan. Yes, I know this is absurd but that is the line we get for 2012 and 2013. The "savings" for the next 8 years are from "not spending what we thought we were gonna spend". Yes, makes perfect sense.
They are still in the showers looking for the soap....
Nothing in the world so permanent as a temporary government program.
When we see the light at the end of this tunnel they'll just build more tunnel.
Kinda like the patriot act.
Since space is constantly expanding, the edge of the universe has a temporary diameter.
if "space" is expanding, what is it expanding into ?
Nothing. Crazy huh?
Space isn't expanding; just the shit that's in it.
No, not nothing. Mu.
Barney Frank's anoose?
pay Bushs' bills you deadbeat fuck ass crackers...lol
I am SHOCKED.
Temporary will inevitably lead to permanent.
Spending cuts will no doubt be all back-loaded and deferred into future - they will never happen.
Cowards
kick the can, kick the scam, kick the plan, kick the flim flam, kick the headache;
(wait is boner crying, ) he is, kick the plan, kick the flam, kick the bam,, kick the scam,
germany, veeere is MY GOLD? hurry you spielers, you dont have any treasury to steal left,
like the flim flam Japs with there $ 250 B printin scam,
kick the can, kick the can, kick the can.......
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
Never gets old. Especially with all the hypocrisy that comes out of his mouth these days.
We're being herded by a bunch of liars!
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare).
Fuck You , you stiff looking Eddie Munster
Easy smoke!
President - Monkey Ears - Oh I mean Obawa,- Cut the spending- Screw the poor,
they already have your phones.
Let's just make it 20 trillion and call it a day. By that time the interest will be a trillion a year and we should pretty much buckle.
Or $40 Trillion or $60 Trillion and do a generational Rumpelstiltskin; all our babies in the future for your money now.
The Chinese are looking forward to all those blond hotties they will have as concubines.
Wall Street and Washington have already sold out future generations, while Seniors starve on 0.35% interest and laughable COLA.
Did you hear the "Business Roundtable" says we should all work until we are 70 to "save Social Security"?
More like save their profits, pools, BMW's, and Ivy League dream factories.
Now go pick more cotton you lazy slaves!
my fingers hurt
http://www.youtube.com/watch?v=uPsbDUZvfFo
We're being herded by a bunch of liars!
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare).
Oooooh, look at that can, flying down the road again!
Technically speaking, in CAN-ball jargon, would this be considered a "KICK" or a "PUNT"? I know the end result is the same - you lose control of the ball, and can only hope the other team can do no better than a field goal.
Wow it didn't take long for them to Bend over !!
It's a perpetual position for them; their spines are locked in a stooped position.
The Republicrats will, of course, extend the debt ceiling.
Notice that the Demicans and Republicrats not only colluded to raise taxes on those making over $450K per year, but on EVERY American with the 2% increase in FICA taxes every paycheck this year.
"Read my lips, no new taxes."
"We will defend Social Security and Medicare."
Sure you will boys and girls in CONgress, sure you will.
Right after you bail out the banks, insurers, and corporations from here to kingdom come.
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare). While this will not do anything to stem rising Medicare costs, it will help decrease the number of people able to afford Health Insurance.
Please be sure to complain to Washington as the will consider further tax increases to address your concerns. Thank you and have a nice day!
Hate to play Devil's Advocate but the 2% was ALWAYS deemed a temporary rate from the normal (new current) rate. We should have adopted Chile's solution a long time ago - 10% rate, 80% of which goes into your personal retirement and 20% for those who won't/can't/don't save. Note that Chile's financial situation makes ours look sick.
5.5kg gold nugget worth up to $300,000 has been found in bush near Ballarat, Australia. Nugget was found 60cm underground ...
http://goo.gl/of10z
feck! they found my stash.
That is incredible.
I have an extensive collection from all sections of Australia and Alaska, the largest being 72gms, found in Western Australia.
But nothing like that!
"Cowards" is right. Do they really think this will "lead to broader deficit talks with Senate Democrats and the White House"? I don't think even House Republicans are that stupid, so they must think we're that stupid. And they just might be right.
They've had more than enough time to come up with spending cuts and a deficit reduction plan. That's what the whole "fiscal cliff" idea was about: to force serious spending cuts. And they blew it, due solely and exclusively to a lack of courage and/or principles. The Democrats have exactly zero interest in cutting spending or reducing the deficit, and they will blatantly lie about anything to get their way. They always have and they always will. Spending cuts were supposed to accompany every tax reduction or other Republican concession since the Reagan administration, and they never happen because Democrats are pathological liars and Republicans are inveterate cowards.
There's nothing wrong with Washington that a small, well-placed asteroid wouldn't fix.
"I don't think even House Republicans are that stupid"
I think they have had ample time to prove they are indeed that stupid.
We're being herded by a bunch of liars!
http://www.zerohedge.com/news/2013-01-16/here-comes-sequester-and-another-1-cut-2013-gdp
"In 2011, when the debt limit was increased by $2.1 trillion in return for $2.1 trillion in spending cuts over ten years." see above.
So, THEY promised us $210 billion spending cuts in 2012 and 013. Anyone seen that?
Response: AGUY, While there are no budget cuts for 2013, you'll be happy to know that Washington did take action. They have chosen to raise your taxes for 2013. while this will not decrease the Budget deficit it will avoid the deficit from getting larger as out lays for Social Security,Medicare and Wealthfare. are rising. You should also be happy that your health insurance premiums will be increasing by about 20% in 2013 and another 40% by 2016 for ACA (O'bamacare).