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So Much For Negotiating: White House Rejects House Republican Proposal

Tyler Durden's picture

Before Boehner and his merry men even had a chance to explain themselves, the White House has pre-empted...
Between Boehner's "Senate bill is hand grenade" and Van Hollen's "House Bill is reckless" comments, how anyone can argue we are getting closer to deal is beyond us... Obama is at least consistent - "unconditional surrender of default" remains the only play for now...

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Tue, 10/15/2013 - 11:10 | 4055963 One And Only
One And Only's picture

NSA was on that shit.

Tue, 10/15/2013 - 11:20 | 4056010 Arius
Arius's picture

goldman says it will all be fixed ... bet accordingly!


WATERLOO playbook ... is still the same tactics ... nothing new under the sun

Tue, 10/15/2013 - 11:30 | 4056082 camaro68ss
camaro68ss's picture

This is better then a dry ice bomb at an airport!

Or a nuclear hand grenade with a blast radius of 100 ft. but the GI can only throw it 20 ft. haha  

Tue, 10/15/2013 - 11:34 | 4056090 TruthInSunshine
TruthInSunshine's picture

It's all for pure theater, to try & convince the voter rabble that they really, really, really tried not to cave to NerObama's unconditional ultimatum, when in fact, both "different" parties have their marionette strings pulled by the same entities & people behind the stage.

A deal will be announced between now and the point in time that the State Run Mainstream Media has declared as TEOTWAWKI.

Now Kick-That-Can & FORWARD!

Tue, 10/15/2013 - 11:57 | 4056210 RSloane
RSloane's picture

Of course its pure theater. Blue Team/Red Team promoters are just caught in the dramatic moment, poor things.

Tue, 10/15/2013 - 12:02 | 4056247 BigRedRider
BigRedRider's picture

I noticed McConnell and Reid talking in the Senate last night about the ongoing negotiations.  Reid had a blue tie and McConnell had a red tie.  Not that's snarky.

Tue, 10/15/2013 - 12:13 | 4056306 RSloane
RSloane's picture

LOL yes it is. I ddn't catch that bit, sorry I missed it.

Tue, 10/15/2013 - 14:19 | 4056946 fockewulf190
fockewulf190's picture

Chicken. Thats all it comes down to. If the crash happens, we have a defacto balanced budget non-amendment. Bring back the ration cards.

Tue, 10/15/2013 - 12:04 | 4056260 El Vaquero
El Vaquero's picture

Like I say, if they want to get rid of Obamacare, they could simply give the asshole in the White House everything he wants, then turn around and do everything in their power to make him enforce every single provision.  The entire thing is one big fucking train wreck, and it would be nice if he were the conductor. 

Tue, 10/15/2013 - 11:21 | 4056028 Headbanger
Headbanger's picture

It's more clear now that Obama wants to wreck the Federal Government to make way for his Socialist Paradise.

Tue, 10/15/2013 - 11:23 | 4056050 El Tuco
El Tuco's picture

Welcome Comrades,

Please line up here for your bread and soap....just like the good old days in the USSR.


Tue, 10/15/2013 - 11:40 | 4056137 j0nx
j0nx's picture

Soup or soap? 'Cause I aint eatin soap.

Tue, 10/15/2013 - 11:52 | 4056184 camaro68ss
camaro68ss's picture

you eat what you get damit!



Tue, 10/15/2013 - 11:59 | 4056228 TruthInSunshine
TruthInSunshine's picture

You can't have your pudding if you don't consume your Panem Et Circenses.

Tue, 10/15/2013 - 14:21 | 4056969 fockewulf190
fockewulf190's picture

We'll be welcoming the Minutemen soon enough. One million Minuteman...and women, with AR's and the like surrounding the Capital and the White House. Don't Tread On Me!

Tue, 10/15/2013 - 11:22 | 4056056 kralizec
kralizec's picture

Rather obvious, isn't it?

Can't convince the great unwashed of that though...

Oh well, too bad so sad.

Tue, 10/15/2013 - 11:32 | 4056096 Canadian Dirtlump
Canadian Dirtlump's picture

It seems the only logical way to look at it, indeed, is that they are trying to engineer a spectacular calamity. I can't see any other explanation. Fine, Berri, may be a drug addled bum hacker, but his bosses certainly aren't idiots so one can't chalk this up to simple boobery.

Tue, 10/15/2013 - 11:43 | 4056134 Kirk2NCC1701
Kirk2NCC1701's picture

You must mean "...Obama wants to wreck the Federal Government to make way for the NWO."

Per his Sponsors' instructions.  Obama -- the Manchurian Candidate.

Tue, 10/15/2013 - 12:09 | 4056282 topshelfstuff
topshelfstuff's picture

Anyone thinking this is nothing more than a Charade? and that a Default is indeed going to happen, if only short-term, a kinda test-run and also a payback for the G-20 brush-off, and recent speaking out boldly to the US, like Brazil's Pres did at the UN (just one example)

The thing is, the damage to the USD is already done, as far as deserving to maintain its position of World's Reserve Currency...just think how the rest of the world views DC.'s actions

Tue, 10/15/2013 - 12:57 | 4056527 tvdog
tvdog's picture

It's more clear now that Obama wants to wreck the Federal Government to make way for his Socialist Paradise.

Socialism? Wouldn't that be nice! Socialists spend money on people. This government spends money on war, security theater, and corporate welfare.

Tue, 10/15/2013 - 15:53 | 4057486 sylviasays
sylviasays's picture

"It's more clear now that Obama wants to wreck the Federal Government to make way for his Socialist Paradise."

"Socialism? Wouldn't that be nice! Socialists spend money on people. This government spends money on war, security theater, and corporate welfare."

Until they run out of other people's money! 

Tue, 10/15/2013 - 11:11 | 4055973 Bearwagon
Bearwagon's picture

No, I'm not falling for this. I know that they won't let me have my day in the sun ... I just know it somehow ...

Tue, 10/15/2013 - 11:13 | 4055975 Max Damage
Max Damage's picture

White house lieing again? You can tell because Obama opens his mouth

Tue, 10/15/2013 - 11:47 | 4056159 Kirk2NCC1701
Kirk2NCC1701's picture

Beware, GOP!  You are being set up to be the Patsy for 2014 Mid-Term Elections.

Tea Party will be called worse than "Stubborn minority" in due course.  Perhaps even by "Mainstream Republicans". 

Long Tar, Feathers and Rope, as the 'merican masses are so damn uninformed and so malleable.

Tue, 10/15/2013 - 11:54 | 4056193 James-Morrison
James-Morrison's picture

No, the GOP has precedent.
They have to pass the bill to see what's in it.
Surely Bronco and the Blue Boys, understand that song.

Tue, 10/15/2013 - 11:14 | 4055977 Rainman
Rainman's picture

Ready, fire, aim !

Tue, 10/15/2013 - 11:15 | 4056002 Bearwagon
Bearwagon's picture

Just fire!

Tue, 10/15/2013 - 11:12 | 4055978 LetThemEatRand
LetThemEatRand's picture

Unconditional surrender is what the banks want.  And what the banks want, they will get.  Too bad little Red Teamers, you don't get to pretend you give a shit this time.  Banker bonuses are more important than your jobs.  But don't worry, you'll be well taken care of by Uncle Jamie and Aunt Lloyd if you lose your cush federal job, and of course you have that nice pension and health care for life so it isn't so bad.  

Tue, 10/15/2013 - 11:55 | 4056195 RSloane
RSloane's picture

Red Teamers? Ah that's right, Blue Teamers have no vested interest in this at all.

Tue, 10/15/2013 - 12:05 | 4056264 LetThemEatRand
LetThemEatRand's picture

Blue Teamers have already unconditionally surrended to the banks and have convinced their stupid voters that the debt ceiling is a good thing.  Red Teamers are pretending they have not unconditionally surrended to the banks and that they don't want to raise the debt ceiling.  Some here (you?) still seem to think the Red Teamers give a shit and that this isn't all a show.  I'm sorry to break the news....

Tue, 10/15/2013 - 12:13 | 4056291 RSloane
RSloane's picture

Yes of course I must believe that because you said so. Which is why I posted above that its all theater. Every single minute of it.

Tue, 10/15/2013 - 11:16 | 4055990 Dr. No
Dr. No's picture

This issue will cost Boehner the speakership, which is good.  My recommendation:  pass a bill which requires payment of the debt and release enough funds to do that (and only that).  The Senate and Prez will veto.  This will then give Repubs some traction when Obama decides to default on debt payments.

Tue, 10/15/2013 - 11:17 | 4055999 LetThemEatRand
LetThemEatRand's picture

And, scene.

Tue, 10/15/2013 - 11:46 | 4056161 Atomizer
Atomizer's picture

From the Diaries of Barrack Hussein Obama..


We was just a weasel who cried wolf too many times.


Tue, 10/15/2013 - 11:44 | 4056155 Meat Hammer
Meat Hammer's picture

Dr. No, I'm sure they discussed that at the last orgy and then decided against it...right before they shot all the hookers at the party who heard everything.

Tue, 10/15/2013 - 11:50 | 4056183 Dr. No
Dr. No's picture

It would seem this situation has been engineered to burn Boehner.  Which, I like.  His TARP plea cannot be forgiven.

Tue, 10/15/2013 - 12:16 | 4056330 RSloane
RSloane's picture

Sadly, I would be more inclined to believe that happened than I would earnest negotiations on behalf of the US citizens are taking place. +1 for style.

Tue, 10/15/2013 - 11:43 | 4056158 Magnix
Magnix's picture

Read his's all in there. It never was a secret. Then go what the 2016 documentary that did a followup on the biography. That will tell you all you need to know.

Tue, 10/15/2013 - 13:26 | 4056621 Col_Sanders
Col_Sanders's picture

Why do that?  The Constitution already requires payment of the debts.

And there is plenty of tax revenue to do that, and pay for much, but not all, of the rest of the budget.

Let the president decide what gets cut.  He wants to be the man, let him be the man.

Tue, 10/15/2013 - 11:17 | 4056000 Keyser
Keyser's picture

I'll wager a dollar vs a donut that this time tomorrow the federal government will still be shut down. The Obama admin WANTS the markets to tank. 

Tue, 10/15/2013 - 11:19 | 4056013 breakyoself
breakyoself's picture

That is great.

Tue, 10/15/2013 - 11:20 | 4056022 Tsar Pointless
Tsar Pointless's picture

I think the bankster gangsters want the market to tank, and this administration is just along for the ride.

Keep your eye on the ball and not the Red and Blue teams playing the game, Keyser.

Tue, 10/15/2013 - 11:38 | 4056136 Singelguy
Singelguy's picture

Yup, how much do want to bet that Goldman and JPM have shorted the market? As soon as the market crashes, they cash in, make a fortune and the following day a deal is miracuously announced!

Tue, 10/15/2013 - 11:44 | 4056164 j0nx
j0nx's picture

Same for the congress shitbirds. How much money was saved or made by members of congress during the TARP debacle? Same goes for this shit. Crooks all and all should be locked the fuck up.

Tue, 10/15/2013 - 12:05 | 4056263 earnyermoney
earnyermoney's picture

Then Barry announces at his Presser on the deal that it's a good time to buy stocks.



Tue, 10/15/2013 - 11:19 | 4056032 jtz5
jtz5's picture

Couldn't agree more.  Then, the administration blames the stock market fallout, re-entry into recession, future job layoffs, etc. all on the Republicans.


All this just to be re-elected in 2014 and control all 3 branches...

Tue, 10/15/2013 - 11:48 | 4056173 ElvisDog
ElvisDog's picture

Here's the problem with that scenario. If what you wrote happens, the dumping of Treasuries by foreign governments will accelerate, because it will be crystal clear that there will be no restraint to U.S. fiscal spending. Interest rates will rise across the boards and the whole system will collapse. If it happened right away the Dems with their MSM lackeys might pin it on the Republicans. But it will probably take months to play out, and the Democrats will own the collapse.

Tue, 10/15/2013 - 12:20 | 4056362 El Vaquero
El Vaquero's picture

The problem with the blame game here is that, no matter the party in power, spending is good if it's for their little pet projects.  Spending is bad when they're not in power.  Same shit, different flavor, but you will eat it no matter whether it came out of a red asshole or a blue asshole.

Tue, 10/15/2013 - 11:18 | 4056008 Flammonde
Flammonde's picture

“I do not know if the people of the United States would vote for superior men if they ran for office, but there can be no doubt that such men do not run.” 
Alexis de TocquevilleDemocracy in America

Tue, 10/15/2013 - 11:41 | 4056142 HoofHearted
HoofHearted's picture

Ron Paul ran...and look what the American people did. God bless Texas that we got to see him in the House as long as we did.

Tue, 10/15/2013 - 11:18 | 4056009 q99x2
q99x2's picture

Markets are going to surge a thousand points on this one.


Tue, 10/15/2013 - 11:19 | 4056011 buzzsaw99
buzzsaw99's picture


Tue, 10/15/2013 - 11:17 | 4056015 DeliciousSteak
DeliciousSteak's picture

Obama is a great representative of American Citizenism, I'm sure AnAnonymous will jump on this any second now. To an American, only unconditional surrender is acceptable, and this stance is enforced with nuclear weapons if necessary.

Obama, I have new respect for this great man. He holds the traditions of his country close to his heart.

Tue, 10/15/2013 - 11:19 | 4056016 alien-IQ
alien-IQ's picture

well if this doesn't send the S&P to a new all time high I don't know what will.

this is the wet dream of disaster capitalism.

Tue, 10/15/2013 - 11:17 | 4056017 Devotional
Devotional's picture

Tomorrow morning i am making a big bank withdrawal

Tue, 10/15/2013 - 11:18 | 4056026 Dr. No
Dr. No's picture

Better make it today.  Beat the rush!

Tue, 10/15/2013 - 11:22 | 4056055 earnyermoney
earnyermoney's picture

NSA will make a note of your withdrawal.

Tue, 10/15/2013 - 12:51 | 4056497 tvdog
tvdog's picture

When I withdrew a large amount, the government sent someone to count it out to me. He pretended to be a bank employee, but he didn't know where anything was, and he had never been in the bank before. So the government will take note of your large withdrawal, but they can't actually prevent it, since it isn't illegal to hold cash - yet.

Tue, 10/15/2013 - 11:57 | 4056218 bigrooster
bigrooster's picture

Yeah I think that I will take a few grand out myself.  Go to amazon and read the first chapter of "Shutdown".  When it happens it will happen in an instant just like the EBT mob at Walmart in La.

Tue, 10/15/2013 - 11:20 | 4056020 Jason T
Jason T's picture

so long as EBT cards work, we're ok.. they stop working, lock the front and back door.

Tue, 10/15/2013 - 11:26 | 4056069 Bawneee Fwank
Bawneee Fwank's picture

No, just lock and load...I personally look forward to the day the free shit army comes calling.

Tue, 10/15/2013 - 11:26 | 4056077 Samual Adams
Samual Adams's picture

EBT cards will keep working until they don't which will be a sight straight out of soylent green and rodney king riots.  Lock and Load and have fire extinguishers at the ready.

Tue, 10/15/2013 - 11:59 | 4056220 Nick Jihad
Nick Jihad's picture

If Venezuela is any guide, the EBT cards will still be working, when stores that accept them have bare shelves.

Tue, 10/15/2013 - 12:07 | 4056265 Bawneee Fwank
Bawneee Fwank's picture

Good point!

Tue, 10/15/2013 - 12:24 | 4056387 El Vaquero
El Vaquero's picture

They made a movie about what happens when EBT stops working:

Tue, 10/15/2013 - 12:49 | 4056495 Kobe Beef
Kobe Beef's picture

'Black Sheep'?

Das rayciss.


Tue, 10/15/2013 - 11:21 | 4056029 El Tuco
El Tuco's picture

The FED will rescue us....They will pay our bills. They are the USA's EBT card.

Tue, 10/15/2013 - 11:20 | 4056039 QQQBall
QQQBall's picture

Pelosi sitting this one out? What does that mean? She is usually Obomber's attack bitch.

Tue, 10/15/2013 - 11:31 | 4056093 Theta_Burn
Theta_Burn's picture

The same reason you don't see Biden giving any commentary

The nancy and joe show is only an honorary position

Tue, 10/15/2013 - 11:21 | 4056046 QQQBall
QQQBall's picture

Is Obomber angling for some sort of crisis that he solves via EO that allows HIM to raise the debt ceiling?

Tue, 10/15/2013 - 11:21 | 4056048 surf0766
surf0766's picture

Default is what he wants even though we will not technically default

Tue, 10/15/2013 - 11:24 | 4056062 alien-IQ
alien-IQ's picture

looks like this bit of "news" caused the /ES to spike nearly 10 points and is now....GREEN.

Comical? Disturbing? Insane? Frightening? All of the above?

Tue, 10/15/2013 - 12:28 | 4056397 RSloane
RSloane's picture

I'm going to go with all of the above.

Tue, 10/15/2013 - 11:23 | 4056066 IridiumRebel
IridiumRebel's picture

Well that was worth the wait.

Tue, 10/15/2013 - 11:25 | 4056074 kralizec
kralizec's picture

Once more the Little Dicktator shows his true colors...

Fuck the kabuki, time to end the charade!

Tue, 10/15/2013 - 11:30 | 4056088 Zer0head
Zer0head's picture

The end game is currency devaluation, but to do that a catatrophe and scapegoat is required. 

Tue, 10/15/2013 - 11:28 | 4056089 John McCloy
John McCloy's picture

  And the MARKETS LOVE IT..If we want a real recovery we should just pretend for the next few months that they are close on a deal even after we have defaulted...The fact that this absurdity is occuring and having no impact on the markets negatively is laughable and proof that this is a centrally planned market.

Tue, 10/15/2013 - 11:32 | 4056101 the not so migh...
the not so mighty maximiza's picture

THE FUCKER IS GOING DOWN, The Syria war was a great diversion untill the Chinese and Russians spanked Obama, now the collpase will be blamed on the shutdown.  

Tue, 10/15/2013 - 11:36 | 4056121 stormsailor
stormsailor's picture

no kidding, market has racheted ever higher on the endless stream of a mention of a "deal".


it is higher now than before this crap even began to happen

Tue, 10/15/2013 - 11:38 | 4056125 Meat Hammer
Meat Hammer's picture

They finally have their scapegoat for the collapse: the Tea Party.  They're going to let this bitch crash, blame it on extremists who want small government, and then go full purple boner totalitarian on us with no lube.  

Tue, 10/15/2013 - 11:45 | 4056156 involuntarilybirthed
involuntarilybirthed's picture

    Obama is misleading the people and it bothers him not.   A disgraceful man.  

Predictable, my post this a.m. 

 Tue, 10/15/2013 - 07:56 | 4055308 involuntarilybirthed

Vote up!

Vote down!


The House of Representatives.

Obama wil have to deal with them no matter.  He pushed the negotiations to the Senate but the House is the third leg of the deal.  He will no doubt play the Tea Party as holding America hostage as he and Senate have reached compromise.  It will be interesting yet.

Tue, 10/15/2013 - 11:59 | 4056185 NuYawkFrankie
NuYawkFrankie's picture

re They're going to go .... full purple boner totalitarian on us with no lube


It can't be helped,

It must be done,

So down with your pants

And out with your bum.

- James Joyce ("Portrait Of The Artist As A Shirt-lifter")

Tue, 10/15/2013 - 11:56 | 4056202 earnyermoney
earnyermoney's picture


Red and Blue fascists, especially the Red fascists want to destroy the Tea Party. Bitch McConnel, John "Insane" McCain, Billy Kristol's bitchez in the House have the Blue fascists doing their dirty work.

Tue, 10/15/2013 - 12:00 | 4056237 Meat Hammer
Meat Hammer's picture

Yep, I was so much happier when I thought that the Red Team was fighting for me......after I thought the Blue Team was fighting for me.

Shhh, shhh, Jack Daniels.  It's ok.  Daddy's coming to pick you up.

Tue, 10/15/2013 - 12:47 | 4056493 MrButtoMcFarty
MrButtoMcFarty's picture


The Joke is on US!

Tue, 10/15/2013 - 12:12 | 4056293 22winmag
22winmag's picture

If so, that will last about 24 hours... millions of armed Americans (civilians, veterans, and active duty) will have every government thug above the rank of junior file clerk doing the low crawl 24/7. Any of them that raise their head above floor level will have it shot off.

Tue, 10/15/2013 - 12:17 | 4056320 Meat Hammer
Meat Hammer's picture

I really hope you're right.

Tue, 10/15/2013 - 11:39 | 4056129 22winmag
22winmag's picture

This is getting good... but it still pales in comparison to the "missing" nukes that may just show up with a bang in a city near you!

Tue, 10/15/2013 - 11:55 | 4056197 robertocarlos
robertocarlos's picture

That would be crossing the line and over the top. Zombie hords at Wal*Mart would be evil enough.

Tue, 10/15/2013 - 12:22 | 4056361 stormsailor
stormsailor's picture

on a tinfoil site, i read they detonated one of those off the coast of charleston last week.  i do know a lot of generals involved with the security of nukular weapons (bush) have been relieved of command or retired in the past few weeks

Tue, 10/15/2013 - 11:40 | 4056147 knotjammin2
knotjammin2's picture

Obama is playing the part of Major Kong......

Tue, 10/15/2013 - 11:44 | 4056165 tahoebumsmith
tahoebumsmith's picture

All the talk is nothing more then window dressing. No matter what they do they know they can't stop the ticking clock. Tick, tock, tick, tock, tick, tock

Tue, 10/15/2013 - 11:49 | 4056182 robertocarlos
robertocarlos's picture

The EBT cards will shut down again by early November. This was a test run.

Tue, 10/15/2013 - 11:56 | 4056211 earnyermoney
earnyermoney's picture

That means no agreement till the end of October. I really doubt this manufactured crisis will go that long but I hope you're right.

Tue, 10/15/2013 - 12:05 | 4056256 Nick Jihad
Nick Jihad's picture

The Treasury has cash to last til November, and they can begin prioritizing payments after that. Illinois has been delaying payments to vendors for years. For all we know, the administration has been working with government contractors to coordinate their protests of outrage when their payments are delayed. I would not expect resolution any time soon.

Tue, 10/15/2013 - 12:13 | 4056289 earnyermoney
earnyermoney's picture

When push comes to shove, The Weeping Cheeto, and the other Red fascists will cut the throats of the Tea party types. It'll be over the day after the market drops 3 - 5 %.

Tue, 10/15/2013 - 11:54 | 4056192 NuYawkFrankie
NuYawkFrankie's picture

Can't the WH at least throw Boner a bone?

Tue, 10/15/2013 - 11:56 | 4056203 Bawneee Fwank
Bawneee Fwank's picture

Boner gets boned!

Tue, 10/15/2013 - 11:58 | 4056217 NuYawkFrankie
NuYawkFrankie's picture

Seems you'd know a thing or two about getting boned Bawneee ;)

Tue, 10/15/2013 - 12:16 | 4056294 Bawneee Fwank
Bawneee Fwank's picture

You asking? :) 8============D

Tue, 10/15/2013 - 12:21 | 4056342 NuYawkFrankie
NuYawkFrankie's picture

Don't be gettin' yer hopes up Bawneee -

I'm a confirmed CougarLifer

I'm sure Barry or Lindsey would oblige though ;)

Tue, 10/15/2013 - 12:00 | 4056235 irie1029
irie1029's picture

Just shut the fucking govt. down for gods sake.

Tue, 10/15/2013 - 12:02 | 4056251 Meat Hammer
Meat Hammer's picture

You said shut the govt down and god in the same sentence.  

Congratulations!  You made it on the NSA's front page list of terrrrrrrrism talkers.  

Tue, 10/15/2013 - 12:07 | 4056267 irie1029
irie1029's picture

hey I just friended you so now you are too!

Tue, 10/15/2013 - 12:09 | 4056277 Meat Hammer
Meat Hammer's picture

I've been there for awhile, my friend.

Tue, 10/15/2013 - 12:18 | 4056349 RSloane
RSloane's picture

I'm expecting that list to surpass  voter registrations in sheer numbers.

Tue, 10/15/2013 - 12:00 | 4056241 JR
JR's picture

Tea Party Republican House members are getting 10,000 watts of defund Obamacare from their districts. And any Establishment Republican without a defund Obamacare vote will be facing a primary challenger.

Any Republican who votes for Obamacare can expect Tea Party opposition.

So there’s likely a revolt in the Republican Caucus and Boehner’s strategy is to keep getting refusals from Obama in hopes of proving to his Caucus that they will have to surrender on Obamacare. But it now looks like this revolt has become obvious to everyone and these Tea Party congressman are going to stand and fight no matter what happens.

It’s possible Boehner could be seeing his last hours as Speaker. The problelm is that nothing is revealed about what's in these offers.

Tue, 10/15/2013 - 12:03 | 4056242 bigrooster
bigrooster's picture

My guess is that we go over the edge and China announces Thursday that they are selling 1 trillion of our bonds.  Why would they hold onto them when everybody knows that rates will rise at some point that those bonds will be worth less and less.

Tue, 10/15/2013 - 13:38 | 4056654 TPTB_r_TBTF
TPTB_r_TBTF's picture

they cannot sell something which noone wants...


China has the US' jobs, what more could they want?  If they lose the whole trillion, so what?  The jobs are worth more than that.

Tue, 10/15/2013 - 12:04 | 4056254 Debt Slave
Debt Slave's picture

Imagine all the entertainment we would be missing out on if we didn't have gargantuan debt and a grossly over-bloated federal government.

Tue, 10/15/2013 - 12:12 | 4056286 gyue
gyue's picture

this is nothing but for his own political interest. 8 years of presidency, did nothing but an Obama care which people genuinely dont care, and maybe US gov will be default for the first time in front of the rest of the world because the president is unwilling to postpone his useless policy in effect. whoever wins this fight will win the next presidential term.

Tue, 10/15/2013 - 12:26 | 4056383 stormsailor
stormsailor's picture

blutto,  8 years of college down the tubes

Tue, 10/15/2013 - 13:05 | 4056552 Kobe Beef
Kobe Beef's picture

Hey, Obama has proven to be the biggest cunt in US Presidential history. Even Hillary 2016 could not be cunt-ier, so he's got that going for him.

Tue, 10/15/2013 - 12:13 | 4056287 gyue
gyue's picture


Tue, 10/15/2013 - 12:24 | 4056374 orangegeek
orangegeek's picture

Barry is slowing getting squeezed.


Enjoy the ride Barry you fucking piece of useless shit!!!!

Tue, 10/15/2013 - 12:30 | 4056396 Dre4dwolf
Dre4dwolf's picture

Yes, in a republic small groups of people are also supposed to be represented.

Its not a democratic mob rule you dumb-ass obama.



Tue, 10/15/2013 - 12:36 | 4056438 monad
monad's picture

Next time bring moar sacks of money.

Tue, 10/15/2013 - 12:41 | 4056465 Meat Hammer
Meat Hammer's picture

Fear the Boom and Bust.  Hayek vs Keynes with a danceable beat.

Tue, 10/15/2013 - 13:08 | 4056569 FreeNewEnergy
FreeNewEnergy's picture

Isn't Obummer jumping the shark here? AFAIK, the Republicans didn't actually make any new offer.

Should I care? I'm not a US citizen anymore. Declared myself a NY citizen yesterday. The feds can come and try to haul me away. I really don't fucking care any more. One can only take so much shit and this is really over the top.

The federal government is incapable of governing, so I've withdrawn my consent. They can shove all their laws up their collectivist asses.


I'M O.U.T.

Wed, 10/16/2013 - 00:01 | 4059346 The Persistent ...
The Persistent Vegetable's picture

Looks like its over. Chalk up another one for Obama. Hes so inept and yet he keeps punching the republicans right in the balls, over and over and over.

Just kidding. Its all Kabuki theatre. The red team takes over for a while and steals a few rights, and then the blue team takes over and steals some more.

And meanwhile, we all root for our blue or red team, too stupid to realize the fix is in.

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