This page has been archived and commenting is disabled.

Debt Ceiling Humor: "I Therefore Intend To Oppose The Effort To Increase America's Debt Limit"

Tyler Durden's picture


Just because it never, ever gets old...


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 10/07/2013 - 15:28 | 4031458 Mike in GA
Mike in GA's picture

Lying bastard!

Mon, 10/07/2013 - 15:29 | 4031471 knukles
knukles's picture

Such principles!

Mon, 10/07/2013 - 15:31 | 4031475 markmotive
markmotive's picture

QE is tied to debt is tied to political posturing.

Something is WRONG with QE - Otterwood Capital Management

Mon, 10/07/2013 - 15:33 | 4031504 walküre
walküre's picture

it was above his paygrade at the time

he didn't know then that America is NOT a banana republic

Mon, 10/07/2013 - 15:35 | 4031515 hedgeless_horseman
hedgeless_horseman's picture



I therefore intend to oppose the effort to increase America's debt limit.

I therefore intend to support the effort to increase America's debt limit.


Mon, 10/07/2013 - 15:39 | 4031526 Pladizow
Pladizow's picture

Where you stand depends upon where you sit!

Replace Obummer with this well endowed blonde:

Mon, 10/07/2013 - 15:38 | 4031540 Skateboarder
Skateboarder's picture

Ah, the Pendulum President.

Mon, 10/07/2013 - 15:43 | 4031544 remain calm
remain calm's picture

"..... And I will not cum in your mouth"

Mon, 10/07/2013 - 15:43 | 4031559 Steve in Greensboro
Steve in Greensboro's picture

And it's all Harry Reid's fault!

Mon, 10/07/2013 - 15:46 | 4031580 smlbizman
smlbizman's picture

i cant make out the signature...but that person sounds like someone we need.....right?..right?????

what,...what?..oh, never mind...

Mon, 10/07/2013 - 16:16 | 4031598 TruthInSunshine
TruthInSunshine's picture

Senator Barack Obama (D-IL)


March 16, 2006

Official National Debt at that time: 8.6 trillion USD

Official National Debt NOW: Nearly 18 trillion USD


Mon, 10/07/2013 - 16:24 | 4031737 CrimsonAvenger
CrimsonAvenger's picture

Come on guys, you can't hold this against him. He was stoned out of his gourd when he said those things.

Mon, 10/07/2013 - 16:43 | 4031766 Keyser
Keyser's picture

No, this was before the reptiles killed the original Barrack Obama and replaced him with a droid. 

Mon, 10/07/2013 - 16:51 | 4031813 Fish Gone Bad
Fish Gone Bad's picture

It makes one wonder whom to believe, the all knowing honorable senator, or the apparent two faced president.

Mon, 10/07/2013 - 16:57 | 4031835 ThePhysicist
ThePhysicist's picture

Debt ceilings be racist!


Mon, 10/07/2013 - 17:11 | 4031873 redpill
redpill's picture

President Obohica strikes again!

Mon, 10/07/2013 - 17:40 | 4031952 strannick
strannick's picture



That's only absurd if you believed him

Mon, 10/07/2013 - 18:16 | 4032097 TwoShortPlanks
TwoShortPlanks's picture

I told you he was a Chimp.....monkey see, monkey do!

Mon, 10/07/2013 - 18:50 | 4032196 krispkritter
krispkritter's picture

Watch it buddy...plenty of chimps are more intelligent than that piece of two-shaded illegitimate douchebag Kenyan mulatto mash-up. 

Mon, 10/07/2013 - 18:53 | 4032254 1000 splendid suns
1000 splendid suns's picture

Constitutional republic tribunal time. Every democrat in the house and senate should explain this flip-flop. Everyone who voted for the Patriot Act, FISA, NDAA should explain theirselves. This government is to remain shutdown until we get some answers. We can start with you, before you die, poppy bush and dick fucking cheney.

Mon, 10/07/2013 - 19:05 | 4032297 The Alarmist
The Alarmist's picture

Wasn't this one of those things he had read into the official record after the fact?

80% of life is showing up.

Mon, 10/07/2013 - 19:48 | 4032441 derek_vineyard
derek_vineyard's picture

a woman always reserves the right to change her mind

Mon, 10/07/2013 - 22:08 | 4032806 old naughty
old naughty's picture

4give him, he didn't know better then...

This is now.


Game hasn't change.

Mon, 10/07/2013 - 22:36 | 4032853 WonderDawg
WonderDawg's picture

I wonder what a handwriting expert would say about that signature? My guess: self-absorbed prima donna delusional sociopath. But I'm no expert.

Mon, 10/07/2013 - 23:04 | 4032923 Oh regional Indian
Oh regional Indian's picture

False bravado..... shaky lines on big letters. He is playing way above his game.

If you see the signatures of people like Elvis, who "knew" they were stars, there is a boldness and bigness/penache to their signatures.

This is a pretenders signature. 

Plus his real name is Mu-Barak Husein O'sorterobamao.....

Incdentally, Al-buraq, from which the name is derived, was the prophet's horse on his ride to the seventh heaven... and means lightening.

It's ALL in the name...

Al-Bur?q (Arabic???????‎ al-Bur?q "lightning") is a mythological steed, described as a creature from the heavens which transported theprophets. The most commonly told story is how in the 7th century, Al-Buraq carried the Islamic prophet Muhammad from Mecca toJerusalem and back during the Isra and Mi'raj or "Night Journey", which is the title of one of the chapters (sura), Al-Isra, of the Quran.

Mon, 10/07/2013 - 19:51 | 4032450 James-Morrison
James-Morrison's picture

If Boenner had any balls (that doesn't sound the way I intended), he would read that statement into the record during a press clip, and say, "At least we agree on one thing".

And then roll around on the floor and laugh his ass off.

Asshats, all of them. 


Mon, 10/07/2013 - 20:30 | 4032566 DanDaley
DanDaley's picture

When Lincoln was called two-faced, he said, If I had two faces, do you think I'd use this one?

Mon, 10/07/2013 - 17:13 | 4031876 A is A
A is A's picture

No, this is before the droids realized that Obama was a reptile from the very beginning.

Mon, 10/07/2013 - 18:11 | 4031772 Richard Chesler
Richard Chesler's picture

Liar, Liar.

Bankster puppet pants on fire.

Fuck you you corrupt piece of bankster owned monkey.

Mon, 10/07/2013 - 16:23 | 4031739 SilverIsKing
SilverIsKing's picture

In Obama's defense....

Oh yeah, there really is no defense.

Mon, 10/07/2013 - 21:58 | 4032787 acetinker
acetinker's picture

TIS, you remember Bill Hicks?  Crazy as it sounds, he may have been exactly right.

Mon, 10/07/2013 - 22:23 | 4032830 TruthInSunshine
TruthInSunshine's picture

Bill Hicks was one of the most underrated comedian-philosophers of all time, IMO. He was very much in the George Carlin mold, but Hicks was far and away the one comedian to draw attention to the diabolical forces of marketing & advertising, and their devastating effects on society.

Anyone who is familiar with Big Pharma's complex and evil marketing strategy that is referred to as "astroturfing" understands how purposefully evil the advertising industry is.

Mon, 10/07/2013 - 15:47 | 4031585 FL_Conservative
FL_Conservative's picture

What a shitty-ass signature.  Can't you write in cursive better than a first-grader?

Mon, 10/07/2013 - 15:48 | 4031591 Pegasus Muse
Mon, 10/07/2013 - 16:14 | 4031707 Uncle Remus
Uncle Remus's picture

Semper MF Fi.


Mon, 10/07/2013 - 20:37 | 4032584 DanDaley
DanDaley's picture

E-4 speakin' the truth, baby...oh yeah!

Mon, 10/07/2013 - 16:10 | 4031704 ebworthen
ebworthen's picture

Agreed, and where's the "H" for Hussein?

Mon, 10/07/2013 - 19:07 | 4032301 The Alarmist
The Alarmist's picture

Maybe it was signed on H ... would explain why it looks like tits and ass.

Mon, 10/07/2013 - 17:03 | 4031851 Haole
Haole's picture

As someone who's been into philography for some time now, that looks like a really poor autopen.

Mon, 10/07/2013 - 17:31 | 4031917 jimmytorpedo
jimmytorpedo's picture

Re the "shitty ass signature"

Either Obama has Parkinsons or his hand was shaking because he was laughing so hard when signing.

Note the big zero, not a continuous penstroke.

Mon, 10/07/2013 - 19:44 | 4032428 Fukushima Sam
Fukushima Sam's picture

The Forbes article states Obama began to use an autopen when he was President, so this must be some sort of composite image, as I doubt he would have had use or need of one as a Senator. 

Either that or we have the makings of a good new conspiracy...

Mon, 10/07/2013 - 17:39 | 4031960 Hobbleknee
Hobbleknee's picture

srsly wtf.  How hard is it to make an O?

Mon, 10/07/2013 - 19:05 | 4032303 cswjr
cswjr's picture

You try making your marionette sign an "O". It's harder than it sounds.

Mon, 10/07/2013 - 19:06 | 4032306 The Alarmist
The Alarmist's picture

I guess we'll have to wait for Michelle's memoirs.

Mon, 10/07/2013 - 21:48 | 4032758 Frozen
Frozen's picture

New lows for ZH. Of all things, this is what you find outrageous?

Mon, 10/07/2013 - 22:30 | 4032841 acetinker
acetinker's picture

Outrageous what?  The signature or the statement?  As for the signature, it is simply childish.  The statement in the congressional record was probably written for him.  He doesn't know what he believes.  He simply does as he's told.  Got him elected-twice.  If you had a brain, you might begin to wonder, but alas, no.  You don't know what you you think, either, until Stephanopouluapuss or Diane Sawyerpenisandlaughed tells you so.

Mon, 10/07/2013 - 15:45 | 4031565 MisterMousePotato
MisterMousePotato's picture

There layers in that document?

Mon, 10/07/2013 - 20:34 | 4032576 matt atsinger
matt atsinger's picture

Too funny, I wonder if Reggie Love believed him?

Mon, 10/07/2013 - 15:47 | 4031574 Rainman
Rainman's picture

Now let's go find his real birth certificate.

Mon, 10/07/2013 - 16:17 | 4031715 Kirk2NCC1701
Kirk2NCC1701's picture

It's 'complicated' that I'm POTUS... Do as I say, not as I said!

Mon, 10/07/2013 - 17:40 | 4031966 onewayticket2
onewayticket2's picture

"I actually taught him everything he knows....well, i taught it to him before i didnt taught it him.  err, teach it to him."

John "Jenjis Kahn" Kerry

Mon, 10/07/2013 - 15:59 | 4031636 Winston Smith 2009
Winston Smith 2009's picture

"Where you stand depends upon where you sit!

Replace Obummer with this well endowed blonde:"

Loved this comment on YouTube referring to that video:

"Came for boobs, left for sanity"

Mon, 10/07/2013 - 16:58 | 4031831 Fish Gone Bad
Fish Gone Bad's picture

I could only make it through about 30 seconds of that retard.  I think I am actually dumber for looking at it.  That said, it had 100,000+  +1 views.  I am going to go and rub some dirt in my eyes now.

Mon, 10/07/2013 - 17:33 | 4031922 walküre
walküre's picture

I watched the whole thing. Even watched part of another one. Then went for a walk with my daughter and had a good chat. The bimbo will make for good entertainment in the FEMA camps as she is obviously not part of the group which will stand a chance outside of FEMA.

Tue, 10/08/2013 - 10:52 | 4033787 N2OJoe
N2OJoe's picture

And nothing would change

Mon, 10/07/2013 - 15:39 | 4031532 macholatte
macholatte's picture



"Negotiating with Obama is like playing chess with a pigeon.  The pigeon knocks over all the pieces, shits on the board and then struts around like it won the game."

-- Vlad Putin

Mon, 10/07/2013 - 16:21 | 4031726 hardcleareye
hardcleareye's picture

Sorry to burst you bubble but this expression has been around for a very long time, dates back to the 18 th century and is called "Pigeon Chess".... I doubt Putin said this... 

The expression reintroduced  in 2005

Pigeon chess" or "like playing chess with a pigeon" is a figure of speech originating from a comment made in March 2005 on Amazon by Scott D. Weitzenhoffer[1] regarding Eugenie Scott's book Evolution Vs. Creationism: An introduction:

Debating creationists on the topic of evolution is rather like trying to play chess with a pigeon — it knocks the pieces over, craps on the board, and flies back to its flock to claim victory.
Mon, 10/07/2013 - 16:47 | 4031781 Keyser
Keyser's picture

Perhaps, but the impetus of it being said by Putin made me spit coffee on my keyboard. 

Mon, 10/07/2013 - 17:17 | 4031858 fockewulf190
fockewulf190's picture

Oh stop. Vlad learned all about using psyops way back when he was a good little commie at KGB school. He can use any quote or whatnot, and make himself look good. See how effective it worked? Macholatte got dozens of up arrows. Makes ol' Vlad look kinda cool and Obama, more like a fool. He'll be quoting Mark Twain soon enough. Mission Accomplished!

PS: He ain't funding RT for the commercials now is he!

Mon, 10/07/2013 - 19:09 | 4032317 The Alarmist
The Alarmist's picture

You think with all the talent walking around Moscow that they could do better than Sophie Co and what's-her-face on Breaking the Set.   Whatever happened to Lauren Lyster?

Mon, 10/07/2013 - 22:32 | 4032692 Manthong
Manthong's picture

Just because the attribution is (likelely purposefully) contrived doesn't mean the sentiment isn't spot-on.

Ever notice the smirk on the jerk?

Mon, 10/07/2013 - 17:57 | 4032028 Renewable Life
Renewable Life's picture

Putin may not have said it first, but he sure as shit thought multiple times, while sitting across the table from Bammer & Company at these summits!!

As probably any other person in the same position over the years from 2009 FORWARD!

Mon, 10/07/2013 - 15:47 | 4031593 McMolotov
McMolotov's picture

I understand everyone's shit's emotional right now, but President Camachobama has a 3-point plan that's gonna fix everything:

1) oppose increasing the debt limit

2) get elected

3) support increasing the debt limit

Mon, 10/07/2013 - 16:06 | 4031683 12ToothAssassin
12ToothAssassin's picture

At least we arent running out of burrito coverin's yet

Mon, 10/07/2013 - 16:46 | 4031787 Keyser
Keyser's picture

Yeah, but what does the one-trick pony do for the next 3 years besides fucking up the US even more? 


Mon, 10/07/2013 - 17:02 | 4031849 Fish Gone Bad
Fish Gone Bad's picture

The plan is to have the US go dark on 11/13/13.  The other plan is to give Obama the ACA in exchange for cutting ALL the entitlement programs.  Kind of a win-win situation.  Obama gets his signature piece of legislation and grandma gets her social security cut off.

Mon, 10/07/2013 - 17:22 | 4031889 fockewulf190
fockewulf190's picture

you forgot 4) Be a major pain in the ass for the Secret Service and walk down the street from the White House just to buy a fucking sandwich.

Mon, 10/07/2013 - 18:18 | 4032105 krispkritter
krispkritter's picture

4) Increase the electrolytes in O'Brawndo...

Mon, 10/07/2013 - 19:23 | 4032369 DumpsterFire
DumpsterFire's picture

Brawndo, it's got what eggplants need.

Mon, 10/07/2013 - 20:14 | 4032524 venturen
venturen's picture

you left off

4) make "certain" groups obscenely rich while making regular people POOR

Mon, 10/07/2013 - 15:53 | 4031619 Theta_Burn
Theta_Burn's picture

BO's opposition to an increase in 06 has been beat to death here. but why no where else?

In photo-op & sound bite land, wouldn't that document being displayed at the beginning of every repub counter point "Ross Perot style" be a simple strategy?

*uck with the smug *ocksucker he deserves it.

Mon, 10/07/2013 - 15:57 | 4031631 hedgeless_horseman
hedgeless_horseman's picture



repub counter point


Mon, 10/07/2013 - 15:58 | 4031643 SDShack
SDShack's picture

I've said from Day 1 with 0zer0, and will keep saying it until he is out of office.... "Hope & Change" was really "Hoax & Chains". Nothing 0zer0 has ever said illustrates this more than this lie he told.

Mon, 10/07/2013 - 17:32 | 4031927 DirtyHowi
DirtyHowi's picture

double plus ungood, mod oppose to support doubleplusgood

Mon, 10/07/2013 - 16:29 | 4031742 Whalley World
Whalley World's picture

Correct, it is a Banana Peel Repulic

Mon, 10/07/2013 - 15:33 | 4031507 bigdumbnugly
bigdumbnugly's picture

"Americans deserve better."


is he saying he's resigning?

Mon, 10/07/2013 - 15:39 | 4031534 Hippocratic Oaf
Hippocratic Oaf's picture


Barry, Barry, quite contrary.......

Trim your pussy, it's so damn hairy!



Mon, 10/07/2013 - 16:04 | 4031576 bigdumbnugly
bigdumbnugly's picture

hey you changed it.   where's nancy?

Mon, 10/07/2013 - 18:22 | 4032115 krispkritter
krispkritter's picture

Barry, Barry, quite contrary...

Trim your Wookie, she's so damn hairy!

(sorry, couldn't help myself)

Mon, 10/07/2013 - 15:46 | 4031512 TruthInSunshine
TruthInSunshine's picture



hyp·o·crite noun \hi-po-krit\
: a person who claims or pretends to have certain beliefs about what is right but who behaves in a way that disagrees with those beliefs

Full Definition of HYPOCRITE

:  a person who puts on a false appearance of virtue or religion
:  a person who acts in contradiction to his or her stated beliefs or feelings
— hypocrite adjective

hyp·o·crit·i·cal adjective \hi-po-kri-ti-all\

Definition of HYPOCRITICAL

:  characterized by hypocrisy; also :  being a hypocrite
— hyp·o·crit·i·cal·ly adverb

artificial, backhanded, counterfeit, double, double-dealing, double-faced, fake, feigned, insincere, Janus-faced, jive [slang], left-handed, lip, mealy, mealymouthed, Pecksniffian, phony (also phoney), phony-baloney (or phoney-baloney), pretended, two-faced, unctuous

Mon, 10/07/2013 - 16:08 | 4031686 Winston Smith 2009
Winston Smith 2009's picture


Thank you for that! Didn't know the latin phrase for it. DIY bumper stickers in mind.

"Bread and circuses" (or bread and games) (from Latin: panem et circenses) is a metaphor for a superficial means of appeasement. In the case of politics, the phrase is used to describe the creation of public approval, not through exemplary or excellent public service or public policy, but through diversion; distraction; or the mere satisfaction of the immediate, shallow requirements of a populace, as an offered "palliative." Juvenal decried it as a simplistic motivation of common people. The phrase also implies the erosion or ignorance of civic duty amongst the concerns of the common man.


Mon, 10/07/2013 - 16:49 | 4031791 WillyGroper
WillyGroper's picture

One Panem in Blue, Circenses in Red.

Doubt if Whale-Martians would get it.

Mon, 10/07/2013 - 15:36 | 4031522 AlaricBalth
AlaricBalth's picture

Obama has been hanging around John Kerry for too long.

"I was against the debt ceiling before I was for it."

Mon, 10/07/2013 - 18:22 | 4032121 krispkritter
krispkritter's picture

He's playing ketchup, er, catchup.

Mon, 10/07/2013 - 19:39 | 4032412 Burticus
Burticus's picture

"I was a Kenyan before I was an Indonesian before I pretended I was an American."

Mon, 10/07/2013 - 15:35 | 4031524 macholatte
macholatte's picture



Is there a hand writing expert available to analyse that signature?   Looks to me like a split personality. Like half black and half white schizoid..... oh wait.     Never mind.

Mon, 10/07/2013 - 16:10 | 4031554 AlaricBalth
AlaricBalth's picture

According to , inflated, very tall capitals means an arrogant, conceited personality. Also note the length of the "a" at the end of his last name. If word or name endings are long, it denotes an angry person. In addition, if there is a line drawn through the signers name, like the "O" in Obama, it could mean someone who is self critical, unhappy and a person who has something they do not wish to reveal about themselves.

Gee, ya think?

Mon, 10/07/2013 - 16:11 | 4031705 eatthebanksters
eatthebanksters's picture

You don't need to look at his handwriting to know he's a dick....

Mon, 10/07/2013 - 15:44 | 4031567 Lore
Lore's picture

I likewise wonder about the handwriting. I am no graphologist, but practically speaking, that seems like a very contrived, artificial signature, suggestive of pretentiousness and insincerity.  What can it really tell us about the writer?  Any resident experts online today?

Mon, 10/07/2013 - 16:03 | 4031622 bigdumbnugly
bigdumbnugly's picture

well, i might not be a graphologist but i did stay at a holiday inn express last night.

and in short i'd say that signature is indicative of a punktard.

Mon, 10/07/2013 - 19:47 | 4032445 Burticus
Burticus's picture

Remember, the poor guy had to learn to write Dunham, then learn to write Soetoro, then learn to write Obomber.

Mon, 10/07/2013 - 18:18 | 4032106 Dre4dwolf
Dre4dwolf's picture

You know whats wrong with QE?

A bunch of bankers are eating the money and spending it on foreign garbage like foreign sports cars the depreciate in value by 70% the moment you buy them.


If the money was actually going to citizens and being used to pay down debts the economy would de-leverage and expand..... but everyone is stuck in the same mess they were in , in 2007 ~ 2009 only worst... the only ones doing better are financial institutions.

Everything else is falling apart or papering their shit over to look profitable.

Mon, 10/07/2013 - 21:28 | 4032715 RSDallas
RSDallas's picture

This is a trusted source of information???

Mon, 10/07/2013 - 15:34 | 4031499 JPM Hater001
JPM Hater001's picture

Whoa, there are principles...they just dont benefit us.

Mon, 10/07/2013 - 16:50 | 4031800 Jacque Itch
Jacque Itch's picture

Could imagine how often the MSM would be reminding the sheeple of this act if it had been done by a Republican?

Mon, 10/07/2013 - 17:01 | 4031848 shovelhead
shovelhead's picture

Wait a minute...

I could vote for a guy like that.


If I thought he wasn't a lying sack of shit.

Mon, 10/07/2013 - 15:30 | 4031472 freewolf7
freewolf7's picture

It's different this time.

Mon, 10/07/2013 - 15:30 | 4031474 achmachat
achmachat's picture

he draws his "O" like a 4-year-old who is tracing for the very first time.


Mon, 10/07/2013 - 15:34 | 4031490 Grande Tetons
Grande Tetons's picture

That is because he has a hard time remembering his given name.  

His real initials B.S....would be too obvious or lead to too much justifiable snickering. 

Mon, 10/07/2013 - 15:39 | 4031545 unrulian
unrulian's picture

'Looks like the all seeing eye if you ask me

Mon, 10/07/2013 - 16:07 | 4031680 Harbanger
Harbanger's picture

B.O.  or Body Odor isn't much of an improvement.

Mon, 10/07/2013 - 15:37 | 4031527 gdogus erectus
gdogus erectus's picture

Yeah, that's not a signature but a drawing. Was that a Borg that wrote that?

Mon, 10/07/2013 - 15:41 | 4031549 Harbanger
Harbanger's picture

I see a drawing of 2 titties and a VJJ.

Mon, 10/07/2013 - 15:46 | 4031579 remain calm
remain calm's picture

2 year old.

Mon, 10/07/2013 - 15:40 | 4031543 SheepDog-One
SheepDog-One's picture

Well obviously conditions are SO much different now....since Chalky is president we obviously no longer have a failure of leadership, it's perfect now, so the coast is clear to raise the debt limit to whatever!

Mon, 10/07/2013 - 15:44 | 4031555 Crash Overide
Crash Overide's picture

His lips are moving...

Mon, 10/07/2013 - 15:46 | 4031573 stocktivity
stocktivity's picture

It's all Bullshit!!!

Mon, 10/07/2013 - 15:52 | 4031607 Grinder74
Grinder74's picture




Mon, 10/07/2013 - 16:47 | 4031794 williambanzai7
williambanzai7's picture


Mon, 10/07/2013 - 17:03 | 4031850 Ignatius
Ignatius's picture

Linda Green.  Nice touch.

Mon, 10/07/2013 - 19:57 | 4032478 buckethead
buckethead's picture

I didn't catch it.... I'm slow, but it is brilliant.

Mon, 10/07/2013 - 18:00 | 4032037 4 wheel drift
4 wheel drift's picture


Mon, 10/07/2013 - 21:05 | 4032668 Constitutional ...
Constitutional Republic's picture

Got to love our favorite combat artist.

Mon, 10/07/2013 - 17:41 | 4031845 Ham-bone
Ham-bone's picture

OK - given there is "only" $4 T in public Treasury debt 1 yr and longer...and given the Fed can only buy 70% of every specific Treasury issuance, this means there is "only" $2.8 T available for the Fed to buy - of which they already own $2.2 T (since they own no debt 1yr and less).  So, in less than 1yr @ current QE rate Fed will own all new and existing Treasury Bills / Bonds / TIPS up to their 70% limit and there will in effect never be any interest rate risk to the Federal gov...unless no one wants to own even the other 30% the Fed can't buy...or the Fed subsequently amend their rules to allow an 80% or 90% or 100% Fed ownership of all Bills and Bonds. 

That means all the risk will be in the $7 T worth of public debt notes if somebodies decide to simply stop rolling (of which almost all $5 T of foreign held debt falls)...all the excitement is in the front end now.  The Fed owns none but could own $7T in short order???  Would that also be known as hyperinflation???

Mon, 10/07/2013 - 17:07 | 4031862 kill switch
kill switch's picture

A man died and went to heaven. As he stood in front of St. Peter at the Pearly Gates, he saw a huge wall of clocks behind him.

He asked, “What are all those clocks?”

St. Peter answered, “Those are Lie-Clocks. Everyone on Earth has a Lie-Clock. Every time you lie the hands on your clock will move.”

“Oh,” said the man, “whose clock is that?”

“That’s Mother Teresa’s. The hands have never moved, indicating that she never told a lie.”

“Incredible,” said the man.

“That’s Abraham Lincoln’s clock. The hands have moved twice, telling us that Abe told only two lies in his entire life,” St. Peter informed him.

“Where’s Obama’s clock?”

“His clock is in Jesus’s office. He’s using it as a ceiling fan.”

Mon, 10/07/2013 - 17:27 | 4031900 DirkDiggler11
DirkDiggler11's picture

+ 1,000 - post of the Month for October !

Mon, 10/07/2013 - 18:00 | 4032034 Mr Pink
Mr Pink's picture

Check out his signature...doesn't have nice steady flowing lines. It's almost like he has only had that name for a couple of years

Mon, 10/07/2013 - 18:42 | 4032200 it aint easy
it aint easy's picture

he didn't sign that

Mon, 10/07/2013 - 21:20 | 4032688 XenoFrog
XenoFrog's picture

The guy hasn't had his own thought for so long that we can hardly blame him for not being able to keep the lies straight.

Mon, 10/07/2013 - 22:45 | 4032876 DosZap
Mon, 10/07/2013 - 15:26 | 4031459 ZeroIntelligence
ZeroIntelligence's picture

Does not compute

Mon, 10/07/2013 - 15:30 | 4031462 Stackers
Stackers's picture

The full speech is worth reading

March 16, 2006 CONGRESSIONAL RECORD—SENATE S2237-2238:

“Mr. OBAMA. Mr. President, I rise today to talk about America’s debt problem.

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. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to
$8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and
health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.

But we are not doing that. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and
to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.

As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus
the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years.

That is why I will once again cosponsor the Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.

Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.

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.

I therefore intend to oppose the effort to increase America’s debt limit”

Mon, 10/07/2013 - 15:37 | 4031517 Mercury
Mercury's picture

Maybe Republicans would have a little more credibility right now if Ted Cruz had read that on the floor during his marathon fillabuster instead of Green Eggs and Ham.

Mon, 10/07/2013 - 15:51 | 4031615 Grinder74
Grinder74's picture

Green Eggs and Ham is much more sophisticated prose than one of Obummer's speeches.





Mon, 10/07/2013 - 16:31 | 4031749 hardcleareye
hardcleareye's picture

Excellent point!

Mon, 10/07/2013 - 15:36 | 4031523 FuzzyDunlop21
FuzzyDunlop21's picture

So he gets in office and does an about face. If this doesnt prove whoever is in the White House is just a puppet I dont know what the fuck will

Mon, 10/07/2013 - 16:30 | 4031747 hardcleareye
hardcleareye's picture

Yes it is worth reading and is a eye opener....  this is the direct link to the government record of the transcript that Senator Obama's speech was taken from.  I have found "redstate" quotes are not always accurate or in context...



Mon, 10/07/2013 - 15:28 | 4031465 rguptatx
rguptatx's picture

that was then - this is now!

Mon, 10/07/2013 - 15:28 | 4031473 knukles
knukles's picture

It's different this time.

Mon, 10/07/2013 - 16:06 | 4031681 XitSam
Mon, 10/07/2013 - 15:29 | 4031466 Jahbulon
Jahbulon's picture

I love it! 

Mon, 10/07/2013 - 15:29 | 4031467 HoofHearted
HoofHearted's picture

Awesome. So we're done here with Boehner? Oh shit...I expected him to be consistent. What a dumb ass I am...spending is ok, so long as I'm doing it and not the other side. We got George the 43rd and now this buffoon. We're screwed...and it is exactly what most Americans deserve.

Mon, 10/07/2013 - 15:28 | 4031468 Shell Game
Shell Game's picture

No Tree Left Behind:  decorate 'em all with a politician...

Mon, 10/07/2013 - 16:59 | 4031837 WillyGroper
WillyGroper's picture


Mon, 10/07/2013 - 15:28 | 4031470 rlouis
rlouis's picture

hahahaha - I thought that this might be his new 'Monday' afternoon negotiating strategy. 

Mon, 10/07/2013 - 15:34 | 4031497 knukles
knukles's picture

In all fairness, he has amended his position.
He started out as no negotiations
And is now at No negotiations until I get everything I want.

Which in truth means no negotiations except he is showing willingness to negotiate after he gets everything he wants and therefore needs no negotiations since he got everything he wanted without negotiations pre-negotiated.   
Sorta like I was for it until I was against it....

Oh ....

Mon, 10/07/2013 - 16:35 | 4031753 MisterMousePotato
MisterMousePotato's picture

That scene from The Princess Bride again?

Gee. And I thought it was just a fun movie.

Mon, 10/07/2013 - 15:31 | 4031478 Alpha Monkey
Alpha Monkey's picture

Does he not sign his name very often?

Mon, 10/07/2013 - 15:35 | 4031506 knukles
knukles's picture

I betcha that Timmah's hand got real sore signing all them new $1's....
Probably had trouble wanking for weeks.

Mon, 10/07/2013 - 16:58 | 4031842 WillyGroper
WillyGroper's picture

Frequently on EO's.

Mon, 10/07/2013 - 15:31 | 4031480 replaceme
replaceme's picture

Saying whatever's politically expedient, for the children - Barry O!


Mon, 10/07/2013 - 15:35 | 4031481 Agent P
Agent P's picture

The phrase, "I intend to ________" is a politician's best friend. 

Mon, 10/07/2013 - 15:31 | 4031484 SubjectivObject
SubjectivObject's picture

Stay!! Thy Infidel hand!!

Mon, 10/07/2013 - 15:32 | 4031485 Unprepared
Unprepared's picture

Yes, but increasing the debt limit does not increase the nation's debt. And deficits don't matter anyways.

Mon, 10/07/2013 - 15:36 | 4031518 knukles
knukles's picture

Is that you, Paul?
Come out come out wherever you are, Paul!


Mon, 10/07/2013 - 15:30 | 4031486 astoriajoe
astoriajoe's picture

That's really his signature? geez

Mon, 10/07/2013 - 15:45 | 4031563 Tenshin Headache
Tenshin Headache's picture

The man needs three strokes of a pen to make an O?

Mon, 10/07/2013 - 16:50 | 4031803 Max Cynical
Max Cynical's picture

Probably used multiple pens to give out as gifts to his disciples...

Do NOT follow this link or you will be banned from the site!