Boehner To Obama: "No Budget, No Pay"

Tyler Durden's picture




 

And the game continues as Speaker Boehner appears to be kicking the can across the corridor to the Senate (and implicitly the Democrats) as he quite specifically advises them that with no budget, there is no talk of debt-ceiling extensions. The principle is simple, he notes, "no budget, no pay." As Dow Jones reports, the 'compromise' deal is that the House will propose a three-month extension of the debt-ceiling in exchange for a budget (i.e. spending cuts from the Senate) - which of course is all but impossible given the years of inability to pass a budget anyway. Check to Obama (though we know the response)...

  • *U.S. HOUSE WILL PASS 3-MONTH DEBT LIMIT INCREASE NEXT WEEK

Following are excerpts of House Speaker John Boehner’s (R-OH) closing remarks as at the House Republican members retreat today, as prepared:

“Before there is any long-term debt limit increase, a budget should be passed that cuts spending. The Democratic-controlled Senate has failed to pass a budget for four years.  That is a shameful run that needs to end, this year.

 

“We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government’s spending problem.  The principle is simple: no budget, no pay. ...

 

“A long-term increase in the debt limit that is not preceded by meaningful and responsible reductions in government spending might avert a default, but it would also invite a downgrade of our nation’s credit that damages our economy, hurts families and small businesses, and destroys jobs.”

Via Dow Jones:

  • DJN - DJ U.S. HOUSE TO SEEK THREE-MONTH EXTENSION OF DEBT CEILING
  • DJN - DJ U.S. REP CANTOR: IF HOUSE AND SENATE DON'T PASS BUDGET IN 3 MONTHS LAWMAKERS WON'T GET PAID
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Fri, 01/18/2013 - 13:40 | 3166655 Cognitive Dissonance
Cognitive Dissonance's picture

Blind man's bluff?

<Or the blind leading the blind?>

Fri, 01/18/2013 - 13:47 | 3166671 francis_sawyer
Fri, 01/18/2013 - 13:57 | 3166716 Temporalist
Temporalist's picture

No ticket, no laundry!

Fri, 01/18/2013 - 14:05 | 3166749 trav777
trav777's picture

who cares? Just do whatever anyway

Fri, 01/18/2013 - 14:13 | 3166787 pods
pods's picture

They are merely fighting over the wheel of the Titanic, after it hit the iceberg.

pods

Fri, 01/18/2013 - 15:38 | 3167187 LawsofPhysics
LawsofPhysics's picture

It's their job to manage the country and budget.  If I don't do my job, I don't get paid.  Why should my representation be any different?

Fri, 01/18/2013 - 15:59 | 3167249 Manthong
Manthong's picture

Now there’s an idea..

If the White House and Senate do not produce a budget as required by law, the House should stop the paychecks for everyone in the Senate, White House and their respective departments.

Fri, 01/18/2013 - 13:45 | 3166672 Lohn Jocke
Lohn Jocke's picture

Debt is good. As long as our money is sound. Our money is sound as  long as we believe that debt is good. Our debt is good as long as our money is sound. Our money is sound as long as...........

Fri, 01/18/2013 - 13:46 | 3166676 Snakeeyes
Snakeeyes's picture

Beohner will surrender like the French at Dien Bien Phu as soon as the MSM demonize him. Same with McConnell.

Spending is out of control as is debt. We ARE beyond the point of no return.

http://confoundedinterest.wordpress.com/2013/01/12/debt-star-federal-deb...

Fri, 01/18/2013 - 14:17 | 3166811 azzhatter
azzhatter's picture

Was he crying during this announcement?

Fri, 01/18/2013 - 15:24 | 3167130 Nick Jihad
Nick Jihad's picture

Bad analogy. The French surrendered at Dien Bien Phu only after a long and tenacious defense that inflicted huge casualties on the North Vietnamese.

Fri, 01/18/2013 - 23:01 | 3168278 Buck Johnson
Buck Johnson's picture

Your exactly right, we are at a point.  The point we are at is the fact that we have finally reached the end of our credit limit and now we have to adjust to austerity.  But politically it's suicide for all of them and that is why they are throwing it back and forth.  You have a president who have finally stood up to the republicans but at the wrong time.  And you have a republican congress who think that Obama will buckle.  Then you have a group in congress who wants it to all fall apart because that way they can build it up the way they want after the collapse. 

We have the perfect storm waiting for us.

Fri, 01/18/2013 - 13:44 | 3166665 Lohn Jocke
Lohn Jocke's picture

"Not raising the debt ceiling is like a family not paying their credit card bills to save money," - Stupid Sheep, Raising the debt ceiling is like a family taking out a third credit card to pay off their credit card debt.

Fri, 01/18/2013 - 13:50 | 3166693 Sauk Leader
Sauk Leader's picture

Worse, it is like taking out a third credit card to make the minimum interest payments on the other cards, then go buy a new TV and upgrade your cable package.

Fri, 01/18/2013 - 14:01 | 3166730 dark pools of soros
dark pools of soros's picture

or go straight to the strip club and invest in boob bucks

Fri, 01/18/2013 - 14:11 | 3166779 MachoMan
MachoMan's picture

bullshit.  An investment in tits would be vastly better than what the funny money typically buys...

[not that I condone any of the theft otherwise referred to as taxation or inflation, but at least titties aren't ethereal...  it's the closest thing to sound money any of this fiat will see]

Fri, 01/18/2013 - 15:26 | 3167139 SilverIsKing
SilverIsKing's picture

But quality matters and they do depreciate over time.

Perhaps one can think of it as deflation.

Fri, 01/18/2013 - 14:16 | 3166802 azzhatter
azzhatter's picture

Dumb fuck Obama, we don't pay our bills now

Fri, 01/18/2013 - 13:44 | 3166666 Debeachesand Je...
Debeachesand Jerseyshores's picture

It's the "no balls leading no balls".

 

 

 

 

Fri, 01/18/2013 - 13:45 | 3166670 Doña K
Doña K's picture

Yes! But it may backfire and give an excuse for Obama to pull a Chavez on the US.

Fri, 01/18/2013 - 13:49 | 3166691 mr1963
mr1963's picture

About f-in time. Pres and senate have not done a meaningful budget in years.

Fri, 01/18/2013 - 15:36 | 3167180 mortem-tyrannus
mortem-tyrannus's picture

This is Speaker Boehner's chance to nut up.

Hope springs eternal....

Fri, 01/18/2013 - 13:42 | 3166657 HD
HD's picture

Big deal. Millionaires won't get their allowance from taxpayers for a couple weeks. NO ONE goes to congress for the paycheck - that's not how they make their money.

Fri, 01/18/2013 - 13:51 | 3166701 Winston Churchill
Winston Churchill's picture

If it included no benes or insider trading it would work.

Fri, 01/18/2013 - 14:00 | 3166727 HD
HD's picture

 Indeed. But if you can't lie, cheat and steal why be in Congress?

If the party stopped they would all immediately retire to "spend more time with family". Not that that would be a bad thing...

Fri, 01/18/2013 - 14:45 | 3166950 ATM
ATM's picture

If you can't lie, steal and cheat you wouldn't BE in Congress!

Fri, 01/18/2013 - 21:23 | 3168099 Raymond K Hessel
Raymond K Hessel's picture

They front run the market and come out millionaires. 

 

I want to be a Congressman... or atleast an aide.  Same difference in terms of insider trading exemption.

Fri, 01/18/2013 - 13:42 | 3166658 kliguy38
kliguy38's picture

Boner will fold like a cheap suit when his masters tell him to........same puppeteers as O's...all Kabuki theater for the peeps

Fri, 01/18/2013 - 13:43 | 3166661 dick cheneys ghost
dick cheneys ghost's picture

These whores dont care if they dont get paid. K Street pimps will take care of them....What a joke

Fri, 01/18/2013 - 13:44 | 3166664 busted by the b...
busted by the bailout's picture

Wow, did he grow a set?

He will cry before it's over.

Fri, 01/18/2013 - 13:47 | 3166669 mayhem_korner
mayhem_korner's picture

 

 

So the tough talking (sarc) Boehner has attempted to draw a line in the sand, and uses the threat of...wait for it...a "downgrade" as his stick (the pay thing is a patsy, we all know it).  Any remaining wonder as to why the U.S. is spiraling down the toilet bowl has now been eradicated.

Fri, 01/18/2013 - 13:46 | 3166673 SmallerGovNow2
SmallerGovNow2's picture

bunch of f'ing clowns, every last one of them ...

Fri, 01/18/2013 - 13:46 | 3166674 Unprepared
Unprepared's picture
No Budget, No Pay;

 

No Budget, No Pay; No Budget, No Pay;


No Budget, No Pay.


'Cause - 'cause - 'cause I remember when we used to sit
In a government yard in Washington,
Oba - obaserving the 'ypocrites - yeah! -
Mingle with the good people we meet, yeah!
Good friends we have, oh, good friends we have lost
Along the way, yeah!
In this great future, you can't forget your boss;
So dry your tears, I seh. Yeah!

 

Fri, 01/18/2013 - 13:48 | 3166685 Unprepared
Unprepared's picture

No Budget, No Pay;
No Budget, No Pay. Eh, yeah!
A little Bohner, don't shed no tears:
No Budget, No Pay. Eh!

Said - said - said I remember when we used to sit
In the government yard in Washington, yeah!
And then Georgie would make the fire lights,
I seh, logwood burnin' through the nights, yeah!
Then we would cook cornmeal porridge, say,
Of which I'll share with you, yeah!
My feet is my only carriage
And so I've got to push on through.
Oh, while I'm gone,
Everything's gonna be all right!
Everything's gonna be all right!
Everything's gonna be all right, yeah!
Everything's gonna be all right!
Everything's gonna be all right-a!
Everything's gonna be all right!
Everything's gonna be all right, yeah!
Everything's gonna be all right!

Fri, 01/18/2013 - 13:45 | 3166675 Dr. Engali
Dr. Engali's picture

Did he cry before or after he said that?

Fri, 01/18/2013 - 13:48 | 3166682 mayhem_korner
mayhem_korner's picture

 

 

Yes.

Fri, 01/18/2013 - 14:11 | 3166781 kralizec
kralizec's picture

Did the carrot-stain fade?

Fri, 01/18/2013 - 13:46 | 3166679 Xibalba
Xibalba's picture

rally!  oh wait. 

Fri, 01/18/2013 - 13:47 | 3166681 semperfi
semperfi's picture

They get paid?  Who pays them? 

Fri, 01/18/2013 - 13:48 | 3166688 mayhem_korner
mayhem_korner's picture

 

 

These days, Ben does.

Fri, 01/18/2013 - 13:59 | 3166724 Seasmoke
Seasmoke's picture

but who signs Bens check ???

Fri, 01/18/2013 - 14:08 | 3166766 XitSam
XitSam's picture

They do.

Fri, 01/18/2013 - 14:09 | 3166768 Doña K
Doña K's picture

The largest HP printer in the world. The problem is that ink supply is geting tight lately.

Fri, 01/18/2013 - 15:31 | 3167153 ItchyBeard
ItchyBeard's picture

They use squid ink

Fri, 01/18/2013 - 19:21 | 3167832 Bunga Bunga
Bunga Bunga's picture

They can print ink.

Fri, 01/18/2013 - 13:49 | 3166694 Canadian Dirtlump
Canadian Dirtlump's picture

if these guys aren't careful they may end up getting depressed and committing suicide by shooting themselves in the back of the head 3 times with the wrong hand.

Fri, 01/18/2013 - 13:56 | 3166704 RSBriggs
RSBriggs's picture

Yeah, after driving themselves to a secluded location while rolled up in a carpet...  Just ask Vincent....

Or falling asleep and getting hit by a train after tieing themselves to some railroad tracks just as a joke.

Or, for the really clever, shooting themselves in the chest 9 times with a .45, without touching the gun.  Now THAT'S tough.

Accidentally falling off a boat in the middle of the ocean and not being missed for a day...  Thats another of my favorites....

Fri, 01/18/2013 - 15:30 | 3167152 TerminalDebt
TerminalDebt's picture

drowning in 6 inches of water in their bathtub like simmons, that too

Fri, 01/18/2013 - 14:10 | 3166773 XitSam
XitSam's picture

There's a correct hand to shoot yourself in the back of the head?

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