There Goes The Sequester

Tyler Durden's picture

Today is the day when, if one listens to Obama whose idea it was in the first place, an unprecedented $85 billion spending cuts will be sequestered, unleashing famine, pestilence, the apocalypse and grizzly bears (as all park rangers will be dead from starvation). Which is why we applaud the administration's desire to preempt this tragic for the nation outcome, by issuing, in one day alone: February 28, $80 billion in Treasurys sending debt to (obviously) what is a new all time high $16,687,289,180,215.37.

In other words, the entire apocalyptic impact of the sequester for 2013 was offset by one day's debt issuance.

Oh, and we didn't label this post Friday humor because it rightfully falls under the Friday grotesque, surreal tragedy category.

From Debt To The Penny:

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johnQpublic's picture

no get her drunk and take advantage of her

TruthInSunshine's picture

Click HERE to view the clock in real time.

Spider's picture

The US Debt can not be killed by ordinary means, it must thrown into the fires of Mt. Doom...

TruthInSunshine's picture

Kick that can, bitchez.



"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. Increasing America’s debt weakens us domestically and internationally. 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 problem and a failure of leadership. Americans deserve better."

Senator Barack Obama (D-IL)

Speech Given on U.S. Senate Floor Objecting To Raising Debt Ceiling Limit

March 16, 2006

Official National Debt at that time: 8 trillion USD (Official National Debt Now? Check the clock above; it's inceasing way too quickly to make any number I post relevant for more than a few minutes from now.)


flacon's picture

OBAMA: "Yeah I am the ONE. King of the world and the Devil's son! Run, baby, run baby run away!"


McMolotov's picture

Obligatory "King Kong ain't got shit on me" clip:


Dr. Richard Head's picture

Here is an interesting response from a liberal defending Obama after I presented her/him/it with the facts of this posting -

“Wow. That sounds bad. Well, unless you actually know something about how borrowing works in government. For instance, if you know that the Treasury only borrows what it needs to borrow BY LAW to meet it's spending obligations, it takes on a different perspective. If yu also know that all spending bills have to BY LAW originate in the House of Representatives, it looks even different.

In other words, if you look at the whole horse you see that the Treasury is only meeting the legal obligations set for it by Congress. Neither the Treasury, nor the President, can spend a penny not budgeted.

But, if you stick your head up the backside of the horse, all you see is what comes out the end and you misrepresent the bigger picture.”

McMolotov's picture

Liberals would somehow manage to defend Obama if he raped their grandma and then shot her in the head on live television.

I've given up trying to reach liberals. Republicans/conservatives are a whole other kind of retarded, but they are at least ten times more likely IMO to look at reality and adjust their belief system accordingly. Liberals will stubbornly cling to their ideology even as its idiocy slaps them repeatedly in the face.

prains's picture



you lost me at republican


there is no "other" in your world, they are but two of the same so I would strongly disagree with your assertion that somehow given the chance McRomney would be doing something

in the "palpably different" category. you've got to be fucking kidding. And hence forth you will forever be unable to adjust your gaze beyond blaming the paid stooge and 

look to who are your real masters. That is the real american condition.


hint: first letter is "O" and the last letter is NOT "a", he too is a paid stooge

McMolotov's picture

I'm not talking about the politicians; I'm talking about the people who vote for them. Would Romney do anything "palpably different" from Obama? Of course not, and I never suggested as much. The politicians quite obviously play for the same team and answer to the same owners. The people who "elect" them, however, buy into the artificial differences for whatever reason, and it's been my experience that those who identify as Republican are more likely to change their mind when presented with evidence which contradicts their worldview.

Feel free to disagree; I'm only reporting what I've observed. The endless barage of propaganda we face on a daily basis cannot be completely responsible for the yawning chasm of animosity that exists between Republican and Democrat voters. They truly do hate each other and think differently, even if their masters do not.

As for myself, I happily refuse to pick a side or vote, as that only serves to legitimize an illegitimate system.

CH1's picture

I think most of us are sensitive to the primary ideology we grew up around - the assholes who did their best to shut us down and injure us as we began to think for ourselves.

MillionDollarBogus_'s picture

That 80 billion was already 'priced in'.

New debt at near zero interest rate.

Certainly you Americans can afford that.

10mm's picture

You Americans.What are you?

francis_sawyer's picture



I hope a bunch of Grizzlies show up at the next Bohemian Grove assembly and maul the shit out of the diaper wearing frat boys...

Rogue Trooper's picture

Nah Francis... I'll bring a blow torch you bring cheap Chicom pliers and some glad wrap for 'effect' - KISS principle...

Get medieval on their asses, take it REAL slow, and Vid the whole show for all the 99.99% to enjoy.

Just sayin'


Harlequin001's picture

Hmmm, gonna need a wider screen...

and a wheel barrow...

californiagirl's picture

MillionDollarBogus, That is a pretty moronic comment.  The average term of the national debt is something like 5 to 6 years. It's like our national debt is an Alt-A mortgage. What happens when it has to roll over and interest rates start normalizing again?!  Or did you flunk logic and math?

lotsoffun's picture

mdb is the man!!  yep, it was priced in.  and tomorrow, more earnings beats, and clearly, more housing upbeat news, less unemployment,

the US economy is booming.  what's with all this doom and gloom?  why shouldn't stocks double from here.  they are cheap

right now.  PM really are relics, what are you going to do, sew them into your nike joggers?  nobody wears wool coats any more.

car sales booming like never before.  new home starts.  new jobs.  you just have to ask yourself, this obama and his team,

geez, they are so brilliant, will this heaven ever end?


awakening's picture

'mdb is the man!! '

No it's just an imposter, move along nothing to see here.


prains's picture

Republicans/conservatives are a whole other kind of retarded, but they are at least ten times more likely IMO to look at reality


not so sure Mc

StychoKiller's picture

Hmm, so long as that reality involves droning brown people, then the Republicons are rite with ya!

Decepticrats never met a Govt program they couldn't spend someone else's munny on!

overmedicatedundersexed's picture

so you want change or why would you read ZH? violence is a way but most here for very good reasons eliminate that option. moving to another land, where? they all are in the system.

here is one thing many can do: change your voter registration NOW. D or R go down to your local election office and change your registration to any other 3rd party of your choice or the global Independent.

The mass of people doing so would be the biggest hit we could do that avoids violence...please do it. That is a message the two headed monster will get.

StychoKiller's picture

I just repudiated my entire voter registration (just WHY does a voter have to be "registered", yet don't have to ID themselves?)


nofluer's picture

Neither the Treasury, nor the President, can spend a penny not budgeted.

Should say "can CONSTITUTIONALLY SPEND...". Otherwise the statement is not accurate. (See: elizabeth warren's position setting up the new consumer protection from evil Republican Credit Card Troll companies agency, which was directly funded by the FED to the tune of somewhere around 70 million or so, WITHOUT being approved by the House, and WITHOUT her being appointed by the Senate.)

So the trial balloon has been launched and has flown without anyone in Congress shooting it down - so the President can now get all the funding he wants for anything he wants it for - without the approval of Congress.

Marco's picture

Uhuh ... from Dodd-Frank Wall Street Reform and Consumer Protection Act (Enrolled Bill [Final as Passed Both House and Senate]

(1) IN GENERAL.—Each year (or quarter of such year), beginning
on the designated transfer date, and each quarter thereafter,
the Board of Governors shall transfer to the Bureau
from the combined earnings of the Federal Reserve System,
the amount determined by the Director to be reasonably necessary
to carry out the authorities of the Bureau under Federal
consumer financial law, taking into account such other sums
made available to the Bureau from the preceding year (or
quarter of such year).

Anonymous peon's picture

For what it's worth.....Article I Section 7. "All bills for raising revenue shall originate in the House of Representatives"  Taxing, not spending.

Hobbleknee's picture

That idiot neeed to watch some School House Rock before he posts.

Rogue Trooper's picture


Here's how I would make myself perfectly clear to the Bernake...  :/


Rogue Trooper's picture

Ben, did you fuckin' down vote me bro? Was I not clear enough?..... just one more time.

"You're ghostin' us, motherfucker. I don't care who you are back in the world, you give away our money one more time, I'll bleed ya, real quiet. Leave ya here. Got that?"

Encroaching Darkness's picture

+1 for "Predators" reference!

"If it bleeds, we can kill it".

BurningFuld's picture

I was trying to give you like 10 up arrows for that quote.

CPL's picture

You make it sounds like it started with one guy.


no no no no...this has been on going on for a while

A Nanny Moose's picture

One currency to rule them all.

Bendromeda Strain's picture

The US Debt can not be killed by ordinary means, it must thrown into the fires of Mt. Doom...

According to the cultists on an earlier post, it has to be thrown into Mt. Gox

Buck Johnson's picture

No kidding, into the fires of Doom or Morador.

Vincent Vega's picture

If you really want to have some fun, go to the debt clock and in the upper right corner click 'time machine' and go to 2017....guess at the debt before you do. 

McMolotov's picture

I'm guessing "eleventy kabillion," because we'll probably be inventing new numbers by then. Am I close?

Vincent Vega's picture

Missed it by ' ' much.....but very very close.

TruthInSunshine's picture

If one were to get all crazy & wild and dare to assume an even remotely similar trajectory (I'm speaking in VERY APPROXIMATE terms here) to what we had in accretion to the *official* national debt from the time Obama gave his "raising the debt ceiling and adding to the current 8 trillion USD debt would be ruinous to us, our children & grandchildren" speech in 2006 to present (a 7 year period)...

...the trajectory puts the U.S. on course for a 25+ trillion USD debt by 2020 [it's a simple extrapolation of approximately 12% to 14% growth in the debt per year, but surely Krugman will come up with a model to tell us all how that didn't actually take place, and furthermore, how it can't take place].

Of course, to assume such a trajectory would be INSANE, because we all know that politicians and central bankers are very competent, well intentioned people, who have demonstrated a solid history of doing what's best for the nation over the short, intermediate and long term.

Not only that, but the 1% to 2% robust economic growth that we'll experience (and hopefully it won't be less than this robust level, let alone significantly less, and interest rates to service the debt won't rise more than a couple of basis points) will more than offset the 1 trillion to 1.5 trillion (or more?) annual deficits that we're going to incur for ? number of years...

Plus, we all know that it's not as if a record number of "Boomers" are retiring in a massive wave, to draw their entitlements and other government benefits soon...

Stoploss's picture

Kabillion, is that more than a Bazillion? Or less?

I forget.