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What The Three Month Can-Kicking "Deal" Looks Like

Tyler Durden's picture




 

Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell will soon announce an agreement to reopen the government and avert default on U.S. debt, Politico reports, according to several sources familiar with the talks. Here is what that "stunning reversal for the speaker" deal looks like. In short: the can has been kicked for three months, to early February.

Via Politico,

But the fact that House Republicans are now planning to go that route marks a stunning reversal for the speaker who had backed his conservative wing’s drive to gut Obamacare as part of the government shutdown fight, now in its third week.

 

...

 

The bill will barely scathe Obamacare, however, and putting it on the floor will mark a huge concession by the House after sparking a 16-day government shutdown over insistence that the health care law be defunded or delayed as a condition to keep the government open. Dozens of conservatives in the House will be disappointed by the proposal and Boehner will need Minority Leader Nancy Pelosi to deliver a bevy of votes to pass the bill.

 

Reid (D-Nev.) and McConnell (R-Ky.) are very close to finishing an agreement to reopen the government through Jan. 15, lift the debt ceiling through Feb. 7 and develop a bicameral budget committee that would be required to develop a conference report by Dec. 13.

 

The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject of the debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

 

The deal would also deliver back pay to furloughed federal workers, require income verification for people seeking health-insurance subsidies under the Affordable Care Act and also allow the Treasury Department to use extraordinary measures to pay the nation’s bills if Congress doesn’t raise the debt ceiling by Feb. 7.

And The Hill adds:

Senate Republican Leader Mitch McConnell (R-Ky.) presented the deal to his conference Wednesday morning. Republican senators quickly rallied around the proposal, which would fund government through Jan. 15.

 

McConnell and Senate Majority Leader Harry Reid (D-Nev.) put the finishing touches on the proposal after an effort by House Republicans to advance a competing resolution collapsed Tuesday.

 

The bipartisan agreement would also raise the $16.7 trillion debt ceiling until February, setting the stage for budget talks between the Senate and House.

 

Reid and McConnell announced the deal on the Senate floor shortly after noon.

 

...

 

If the legislation passes as expected, it would set up a Senate-House conference to negotiate fiscal reforms, which must be reported to Congress by a certain date.

 

The bill will allow President Obama to retain his power to use so-called extraordinary measures to preserve the ability of the government to pay its bills once it reaches the debt limit. The Treasury Department informed Congress in May that it had begun to use such measures to manage the debt ceiling.

 

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Wed, 10/16/2013 - 11:55 | 4060680 One And Only
One And Only's picture

Obama gets everything he wants and Republicans get nothing again. Boehner you fuckin chicken shit pussy. Dissolve Congress and make Obama a dictator, it's essentially what we got now.

Wed, 10/16/2013 - 11:55 | 4060695 camaro68ss
camaro68ss's picture

Boehners the fucking guy in battle that takes off running when the shells start falling

Wed, 10/16/2013 - 11:56 | 4060706 Anusocracy
Anusocracy's picture

.

Wed, 10/16/2013 - 11:57 | 4060714 camaro68ss
camaro68ss's picture

a man of many words i see

Wed, 10/16/2013 - 12:03 | 4060739 James_Cole
James_Cole's picture

Y'all are acting like this was a surprise? They made it more dramatic this time, but same ole' same ole'. 

Stocks have some fun, t bills have some fun, media gets a lot of clicks, everyone goes home happy!

http://www.youtube.com/watch?v=SJUhlRoBL8M

Wed, 10/16/2013 - 12:05 | 4060768 Anusocracy
Anusocracy's picture

But you little people don't understand - the Whoreocracy must go on!

Wed, 10/16/2013 - 12:08 | 4060800 Keyser
Keyser's picture

"Boehners the fucking guy in battle that takes off running when the shells start falling"

I didn't know Boehner was French.

 

 

Wed, 10/16/2013 - 12:13 | 4060828 CrashisOptimistic
CrashisOptimistic's picture

Not that I'm a fan, but what horrible evil is Boehner doing in allowing the people's House to vote on something and have democracy decide it?

Wed, 10/16/2013 - 12:18 | 4060846 aardvarkk
aardvarkk's picture

Democracy is ten wolves and nine sheep voting on what's for dinner.

Wed, 10/16/2013 - 12:30 | 4060920 DaveyJones
DaveyJones's picture

"plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase"

funny, I find that most of my criminal clients "disapprove" of their actions as well

but I thought the rule is different for people who actually vote. When you disapprove of something, I thought you don't approve it 

don't you love lawyers

Wed, 10/16/2013 - 12:44 | 4061014 Tippoo Sultan
Tippoo Sultan's picture

This is no "deal."

It is wholesale, unconditional capitulation.

Wed, 10/16/2013 - 13:03 | 4061102 IdiocracyIsAlre...
IdiocracyIsAlreadyHere's picture

Not capitulation, not at all.  They were only pretending opposition in order to fool their supporters at home so that they will vote them back for another round of looting.  They were only "capitulating" to what was planned all along.  Wake up and smell the coffee.

Wed, 10/16/2013 - 13:18 | 4061187 MeMadMax
MeMadMax's picture

You want shit to get fixed?

Fix congress.

 

 

Wed, 10/16/2013 - 13:23 | 4061208 Supernova Born
Supernova Born's picture

This Boehner has lasted more than 4 hours and is going to destroy the potency of the R's for good if he lasts any longer.

Wed, 10/16/2013 - 13:56 | 4061384 SWRichmond
SWRichmond's picture

Five years ago everyone KNEW that a $400 Billion annual deficit was unsustainable.  Now? A $trillion annually for five years and no one blinks.  The new normal.

Except for China, that is.  1000 tonnes annual gold imports (known at least...), and currency swap agreements blooming all over the place.  The new normal is going to be a new reserve currency.

Wed, 10/16/2013 - 14:23 | 4061544 macholatte
Wed, 10/16/2013 - 14:56 | 4061712 SWRichmond
SWRichmond's picture

If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

Phew!  Congress almost had to overtly vote for something they know for a fact the people don't want!  Now all they have to do is NOT vote and they get what we want, all while fucking the taxpaying public.  Congress rocks!

Wed, 10/16/2013 - 14:35 | 4061617 Alexandre Stavisky
Alexandre Stavisky's picture

It's always nice to have the government shoot the other horses in the race when yours is not in front. (Denninger)

 

http://market-ticker.org/akcs-www?post=225124

 

 

Wed, 10/16/2013 - 15:11 | 4061781 venturen
venturen's picture

My new Favorite Song

Anthem For A Lost Cause - Manic Street Preachers!

Wed, 10/16/2013 - 13:24 | 4061215 brewing
brewing's picture

As my good friend Lloyd Braun once said - "Serenity now, insanity later"...

Wed, 10/16/2013 - 14:05 | 4061439 CH1
CH1's picture

You want shit to get fixed?

Stop Obeying Them!

Wed, 10/16/2013 - 21:34 | 4063379 StychoKiller
StychoKiller's picture

Fix Congress:  Spay/Neuter your congress critter!

Wed, 10/16/2013 - 13:36 | 4061266 Panafrican Funk...
Panafrican Funktron Robot's picture

I'm actually not sure Boehner has the votes to get this thing passed.

Wed, 10/16/2013 - 13:03 | 4061109 kralizec
kralizec's picture

The good news?

1)  The GOP is dead.  This corpse will never rise again.

2)  Our decline is assured, the progressive dream of unlimited credit and wanton spending on cronys and crumbs for slaves and free shit forever is about to kick into hyperdrive.  The sooner this phase is over the sooner the next civil war can commence.

Wed, 10/16/2013 - 13:14 | 4061163 MeMadMax
MeMadMax's picture

Amen.

Wed, 10/16/2013 - 13:25 | 4061224 brewing
brewing's picture

Who gives a shit about the GOP or the democrats.  Vote Libertarian...

Wed, 10/16/2013 - 13:39 | 4061277 NidStyles
NidStyles's picture

Libertarians do not vote.

Wed, 10/16/2013 - 14:06 | 4061447 CH1
CH1's picture

Old joke:

Q: What's the difference between a libertarian and an anarchist?

A: About five years, if you're paying attention.

Wed, 10/16/2013 - 14:36 | 4061628 Rogue Trooper
Rogue Trooper's picture

Spot on CH1.

We are all Rothbardian's now.... The State IS the enemy.

Pretty simple really so carry on and continue to prepare accordingly.

Democracy... nothing but a perpetual circle jerk.

Wed, 10/16/2013 - 15:51 | 4061971 Esso
Esso's picture

But without the happy ending.

Wed, 10/16/2013 - 14:19 | 4061515 RaceToTheBottom
RaceToTheBottom's picture

"Vote Libertarian..."

 

You might as well, this bipolar Republican party is not working

Wed, 10/16/2013 - 13:48 | 4061336 the not so migh...
the not so mighty maximiza's picture

death to infinity

Wed, 10/16/2013 - 14:48 | 4061685 Rubbish
Rubbish's picture

Fuk it, I'm ordering my Obama phone, quiting work, getting some EBT, free housing and work the streets for donations while smoking a little grass and drinking beer. Hippie generation can do that !

Wed, 10/16/2013 - 15:00 | 4061733 Proofreder
Proofreder's picture

Please ...

Let us know

how this works out for you.

Wed, 10/16/2013 - 13:09 | 4061034 BoNeSxxx
BoNeSxxx's picture

Same BS they have been pulling since I was a wee pup working on the Hill.

It allows all the fiscal conservatives to tell their constituents that they voted against the debt limit increase when they know damn well they were complicit in its passing.

SSDD my friend. 

Here, I will even tell you what their letters will say in two weeks' time:

Dear Concerned Citizen,

Thank you for taking the time to contact me on the federal budget, government shutdown, and/or debt ceiling issue.  I appreciate the time you took to voice your concerns.

In late October, the House voted to approve the Senate resolution to re-open the government and extend the debt ceiling until February.  You will be pleased to know that I voted to disapprove of this measure feeling, as you do, that the government has become far too wasteful and that the necessary spending cuts have not been fully examined or implemented.

Unfortunately President O'Bama elected to veto this important part of the legislation I helped pass which caused an automatic increase to the statutory debt ceiling.

I also supported a House Resolution stating that Congress should pass individual appropriations bills rather than continuing resolutions - something the House has not done in over a decade.  The legislation passed the House on xx/xx/xxxx and is awaiting action by the Senate.  

Please know that I will continue to urge my colleagues to support the deficit reduction initiatives you and I agree are necessary... blah blah blah...

Wed, 10/16/2013 - 13:16 | 4061178 MeMadMax
MeMadMax's picture

Well, it ain't like they have a choice...

Congress is still being controlled by the looney toons...

Wed, 10/16/2013 - 13:40 | 4061284 NidStyles
NidStyles's picture

There is always a choice. It may not be an easy one, but there is always a choice between right and wrong. The real question is if you are strong enough to make it.

Wed, 10/16/2013 - 14:09 | 4061457 KidHorn
KidHorn's picture

You're probably right about the letter. The funny thing is the republican plan was less fiscally conservative than the dem plan. Americans are too lazy to read the details to figure this out.

Wed, 10/16/2013 - 15:15 | 4061761 Ham-bone
Ham-bone's picture

Did the Congress just abdicate it's responsibility to increase the debt ceiling to the Executive branch???  Just "temporarily"???  Like Nixon "temporarily" closed the gold window in '71???  Was this the plan all along to have congress strip itself of it's power???

The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject of the debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

Also amazing we no longer seem to need a new limit...only a timeframe...unlimited debt til Feb and once we reach Feb, O'bama can veto and on we go and go and go.  Curious if Treasury will even update the deficit or just continue to maintain it as per last May indefinitely???

Wed, 10/16/2013 - 12:48 | 4061036 bob_stl
bob_stl's picture

Liberty is well armed sheep contesting the vote.

Wed, 10/16/2013 - 15:59 | 4062016 Esso
Esso's picture

In The New Normal, liberty is whatever our benevolent wolves tell us it is.

FREEEDUMB!

Wed, 10/16/2013 - 12:48 | 4061038 tarsubil
tarsubil's picture

Democracy does suck but what we have is far worse.

Wed, 10/16/2013 - 13:22 | 4061207 unrulian
unrulian's picture

That won't be a problem...as long as the sheep have guns

Wed, 10/16/2013 - 13:41 | 4061288 NidStyles
NidStyles's picture

Guns are useles without ammo, and I don't know about your area, but ammo is still hard to find here in Arizona.

Wed, 10/16/2013 - 12:27 | 4060908 cro_maat
cro_maat's picture

You clearly have not been paying attention. There is no democracy... only fascism. Boehner is only 1 of the many ring masters to the current circus devised to distract us from the total debt default / crash of the reserve currency / bond apocapalypse heading our way. Wait until the pension fund / 401(k) / bank bailins and the sale of US natural resources to the banks and corporations (or outright swap for unpayable treasuries with the Fed / China / etc.) and then ask me what horrible evil Boehner is doing.

Wed, 10/16/2013 - 12:29 | 4060918 El Oregonian
El Oregonian's picture

Because this is not a democracy, it's a dictatorship run by puppets, pussies, parasites, and perverts.

Dismantle and rebuild.

Wed, 10/16/2013 - 12:37 | 4060976 DaveyJones
DaveyJones's picture

puppets, pussies, parasites & perverts

I saw that porn flick

Congress is one big porn flick isn't it? Bad actors, poor lighting, little thought into the script and fake support structures  

Wed, 10/16/2013 - 12:40 | 4060999 Ident 7777 economy
Ident 7777 economy's picture

 

 

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

No work - NO BACKPAY

Period.
Wed, 10/16/2013 - 12:48 | 4061035 Rentier
Rentier's picture

Sorry bro don't work like that for union employees working for govt. contractors.  They have contract with the company not the US govt. they going to get paid.

Wed, 10/16/2013 - 14:06 | 4061443 KidHorn
KidHorn's picture

What are you talking about? Gov't contractors aren't getting paid time off. Only non-essential gov't employees.

Wed, 10/16/2013 - 13:15 | 4061165 hangemhigh77
hangemhigh77's picture

who said they EVER actually worked anyway?  When the people FINALLY figure out that the problem IS the government maybe we can have a PERMANENT shutdown and solve this problem once and for all.  These politicians can get jobs mopping floors so they can do something the're qualified for.

Wed, 10/16/2013 - 12:57 | 4061082 James_Cole
James_Cole's picture

"Congress is one big porn flick isn't it? Bad actors, poor lighting, little thought into the script and fake support structures"

You're off in space on this one, porn lighting really isn't that bad any more.

Wed, 10/16/2013 - 13:19 | 4061193 akak
akak's picture

I'm surprised that you can even tell from the position you are usually in.

Wed, 10/16/2013 - 13:31 | 4061245 shovelhead
shovelhead's picture

*rimshot*

Wed, 10/16/2013 - 13:39 | 4061276 moneybots
moneybots's picture

"Boehners the fucking guy in battle that takes off running when the shells start falling"

"I didn't know Boehner was French."

 

Half the French men of military age were killed or wounded in WW1.

 

 

 

 

Wed, 10/16/2013 - 14:23 | 4061545 RaceToTheBottom
RaceToTheBottom's picture

Trolling for up-arrows:
1) Badmouth the French

2)  Fawn over Putin, in a shameful exhibition of Man-crush....

Wed, 10/16/2013 - 15:05 | 4061752 Proofreder
Proofreder's picture

no arrows = idiot post

Wed, 10/16/2013 - 12:54 | 4061069 akak
akak's picture

James Cole wrote:

Y'all are acting like this was a surprise? They made it more dramatic this time, but same ole' same ole'.

And I would bet anything that this just makes your pro-Establishment heart swell with pride, doesn't it?

Bowing to corrupt authority: the James Cole program.

Wed, 10/16/2013 - 13:05 | 4061123 James_Cole
James_Cole's picture

The level of drama was indeed impressive, even got a lot of zh'ers all hot and bothered.

I know it's a major disappointment for you that I don't hold the rebel alliance together by writing mean quips about Bernanke all day long on zh, but I just figure others here are more qualified.

Wed, 10/16/2013 - 13:14 | 4061152 akak
akak's picture

I have always been fascinated, if mystified and utterly disgusted, by what motivates spineless Quislings and craven collaborators like you, James.  Do people like you have no sense of justice, a complete lack of courage, or just an atrophied moral center?

Wed, 10/16/2013 - 13:34 | 4061256 shovelhead
shovelhead's picture

Bi-monthly check?

Wed, 10/16/2013 - 14:14 | 4061496 metaforge
metaforge's picture

Yes, methinks.  And Obamaphone.

Wed, 10/16/2013 - 14:20 | 4061525 WarriorClass
WarriorClass's picture

San Antonio Police Chief General William McManus Antonio de Padua Maria Severino Lopez de Santa Anna threatens to arrest Texans at the Alamo for execising their constitutional rights:

http://americandictators.blogspot.com/2013/10/san-antonio-police-chief-s...

Wed, 10/16/2013 - 13:13 | 4061155 RSloane
RSloane's picture

For some, there can never be a government too big nor too costly regardless of how corrupt it is. Perhaps the plan is to make government more intrusive and so vast that when corruption is found its put down to some pesky individuals who will be punished with a stern letter. Nevermind, we are already there....

Wed, 10/16/2013 - 15:09 | 4061121 freewolf7
freewolf7's picture

Politicians have a deal with themselves. More and more people are noticing. The frustration will build over time, and there will be a tipping point. Revolutions start that way.

Wed, 10/16/2013 - 11:59 | 4060732 derek_vineyard
derek_vineyard's picture

adults running around playing 'young and the restless' ?

what a fucking joke and shame on all involved.  

this bull shit is tolerated?   USA is finished -- over -- kaput -- unsavable

Wed, 10/16/2013 - 12:00 | 4060742 Bobbyrib
Bobbyrib's picture

He's the guy who turns tail and runs after negotiations fail and the battle is about to begin.

Wed, 10/16/2013 - 12:09 | 4060807 Renewable Life
Renewable Life's picture

I don't even think he's that courageous, that would imply that worthless POS would be on the front lines, in the first place!!!

Ohio, I hope your proud of yourselves today??

Wed, 10/16/2013 - 14:17 | 4061507 Uncle Remus
Uncle Remus's picture

A Kenyan and a Frenchman go into ThunderDome...

Wed, 10/16/2013 - 16:13 | 4062096 Uncle Remus
Uncle Remus's picture

What?!? You prefer surrender monkey?

Wed, 10/16/2013 - 11:56 | 4060708 TeamDepends
TeamDepends's picture

Yes we can (kick)!

Wed, 10/16/2013 - 12:02 | 4060754 Dr. Richard Head
Dr. Richard Head's picture

All of these theatrics are just a rinse and repeat soap opera of political posutring and insider trading over the algos controlling the "market".  Both sides of the aisle play for the same team, yet the sheeple "believe" their team is doing what is right, while both teams double fist our arseholes.  What a travesty of a mockery of a sham. 

I'm off to go buttchug my beers and whiskey now.  I heard it gets you drunker quicker.

Wed, 10/16/2013 - 12:07 | 4060788 TeamDepends
TeamDepends's picture

Beer up the bung, eh?  Now there's a "deal" worth considering.

Wed, 10/16/2013 - 11:57 | 4060716 T-roll
T-roll's picture

We deserve this government because we put up with it.  Almost 1 million gov't workers haven't been paid in 2 weeks and you don't hear anything but moaning and groaning.  No one is taking any action and until we do our inept politicians will continue to behave this way.

Wed, 10/16/2013 - 12:02 | 4060750 toe
toe's picture

you mean 2 week paid vacation at the tax payers expense. whats to complain about

Wed, 10/16/2013 - 12:19 | 4060856 Renewable Life
Renewable Life's picture

Exactly!!!

We wouldn't want to damage moral of the almighty .gov worker, there just soooooooo fucking important, as Bammer has tried his hardest to show us over the last 2 weeks!!!!!

Without our parents, the .gov workers, how could we all get through the day??? It's just all sickening of course, but 55 million enrolled and counting in the free shit army, and those fools are like children, so who the fuck knows, but where do I sign to " opt out"?????

If I promise to take no goodies from the .gov and take care of myself, can I pay no taxes and be left alone????? No, ..........that's what I thought! Huh freedom ain't what it used to be!

Wed, 10/16/2013 - 13:08 | 4061139 RSloane
RSloane's picture

Yeah, not to mention that life in the US has been simply hell without those workers showing up. Clearly they are all essential.

Wed, 10/16/2013 - 13:24 | 4061218 SoilMyselfRotten
SoilMyselfRotten's picture

I'd amend that: we deserve this govt. because we elected it.

Wed, 10/16/2013 - 13:39 | 4061278 Pesky Labrador
Pesky Labrador's picture

I would disagree and say it was bought.

Wed, 10/16/2013 - 12:11 | 4060821 earnyermoney
earnyermoney's picture

They get back pay, plus unemployment benefits.

 

It's nice to live large in DC where you show up for work at noon with a buzz from the morning binge and leave at 4:00 for an evening of binge drinking, blow and hos.

Wed, 10/16/2013 - 12:50 | 4061048 Rentier
Rentier's picture

if they got unemployment benefits they would be required to pay it back once they got their backpay.

Wed, 10/16/2013 - 13:00 | 4061090 Occams_Chainsaw
Occams_Chainsaw's picture

They will just play dumb and forget to pay it back.  Obama will tell the UE office to back off.  Thus....more vote slaves have been secured.

Wed, 10/16/2013 - 13:01 | 4061095 SDShack
SDShack's picture

LOL - You really think anyone under 0zer0's admin is going to enforce that? 0zer0 will just issue and EO to make it official. Just more redistrubtion of wealth. The rule of law ended years ago.

Wed, 10/16/2013 - 13:12 | 4061150 2bit Hoarder
2bit Hoarder's picture

i hear that all the time .. "we deserve the government we have ... "

the only ones who have the government they deserve are the ones who will be blindsided when all this comes crashing down.

the parasites outnumber the hosts at the moment .. as with any virus, it cannot last forever.  Unfortunately it can last much longer than any sane person could expect.

Wed, 10/16/2013 - 12:22 | 4060871 AGuy
AGuy's picture

"Obama gets everything he wants and Republicans get nothing again. make Obama a dictator, it's essentially what we got now."

If we default than Barry can make himself dictator by invoking the NDAA (National Crisis). Heads Barry wins, Tails Congress loses. Its a No Win scenerio. I bet Barry was hoping that the GOP permits default so he can seize control. That said, Its possible that Barry will still veto whatever passes so he can still invoke the NDAA.

 

Wed, 10/16/2013 - 12:40 | 4061000 cro_maat
cro_maat's picture

Yep, this is a smokescreen for something more heinous to come. We haven't seen there end game yet. This is just the shiny distraction to set us up. However, they better make the next distraction (false flag) mighty big because they can't hide the cratering repo and bond markets, the gold movements nor the fact that most nations are turning away from the US and its overprinted reserve currency. I wonder if Iran's trading of oil for gold is having an effect on western CBs as now the US is willing to drop all sanctions on Iran.

Wed, 10/16/2013 - 12:33 | 4060938 SkottFree
SkottFree's picture

By January the Obamacare web site will be totally useless much as it has been since Oct 1. The difference will be millions upon millions of people that signed up will find out that the $600 million dollar system designed by the federal government and built by the same company Canada fired for incompetence are not listed as having Obamacare coverage.

The Fed will attempt to fixing a hackers dream child of a web site where everyone’s personal information is accessible to those even mildly skilled in hacking! By March there will be billions upon billions of fraud committed on every person that was foolish enough to enter data into the system!

Nigeria will be flush with cash from Obamacare!

Can hardly wait!

Remember it’s all the Republicans fault!

 

Wed, 10/16/2013 - 13:09 | 4061142 Handful of Dust
Handful of Dust's picture

Unless they fix that site and the entire Obamacare scheme, there may be millions of new uninsured Americans....people who formerly had insurance but were kicked off their plans since Obamacare forced them out.

 

Screwy.

Wed, 10/16/2013 - 13:25 | 4061220 RSloane
RSloane's picture

Prior to Obamacare passing, Obama adamantly stated it was not a tax. Then the Supreme Court upheld Obamacare as a tax. Then Obama said it was a tax. Its just another revenue stream under the guise of offering insurance to people who previously could not afford it. The play out of this is going to be stunning.

Wed, 10/16/2013 - 12:39 | 4060988 kchrisc
kchrisc's picture

Obama and his handlers will be able to further implement the fascist disaster that is Obamacare. That will further lay the ground work for preparing the sheeple to further reject Congress, the Democratic party (Killing off the twin party charade) and accept defacto dictatorship.

Things are right on course.

Wed, 10/16/2013 - 12:47 | 4061021 One World Mafia
One World Mafia's picture

Congress is fooled by rigged polls.

Wed, 10/16/2013 - 12:53 | 4061060 jughead
jughead's picture

Not that I disagree, but there IS a provision in here concerning Obamacare.  After all the screaming by Obama and the Dems that they would not be held hostage with any Obamacare provisions, if I were a GOP hack I'd be using this to sow a little H&D in the Dem ranks concerning "giving in" to the GOP...and maybe get me some Dem No votes to throw a monkey wrench into the deal.

I might be able to make pigs fly too.

Wed, 10/16/2013 - 12:53 | 4061065 swani
swani's picture

 

This latest dog and pony show allowed the Republicans to get what they wanted, which was simply to have it on record that they 'disapproved' of this legislation. Obama can veto and everything can go back to normal where the Monopolits (healh insurers, Monsanto, TBTF financical institutions,and the like) can continue to get everything that they want from both parties. Rinse, repeat. What's next?

 

Wed, 10/16/2013 - 15:04 | 4061746 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Dog barks at pony.   Pony kicks at dog.  Dog wears tutu.  Pony runs around ring.  The crowd loves it.

(H/T to ZH-er "Sathington Willougby")

Wed, 10/16/2013 - 14:21 | 4061521 Silver Sativa
Silver Sativa's picture

So all those times Obama & the Dems acquiesced to the Republicans demands, during O's first term, didn't count??

 

The republicans started a fight they couldn't finish, and all of a sudden they "flock" to an agreement that was reached by Boehner and Ried, because they know they're getting trounced by public opinion polls. Sucks to be them, I guess.

 

Wed, 10/16/2013 - 14:30 | 4061579 pkea
pkea's picture

didn't someone aptly note that the only reason for the shutdown drama was creating buying S&P call opportunity for the congress....

Wed, 10/16/2013 - 14:37 | 4061637 Ponzi Pontiff
Ponzi Pontiff's picture

Looks like Keynes was right - "in the long run, we're all debt".  Did I mis-hear?

Wed, 10/16/2013 - 11:54 | 4060681 James_Cole
James_Cole's picture

Dejavu!

Wed, 10/16/2013 - 11:54 | 4060686 camaro68ss
camaro68ss's picture

hold the line you pussys

Wed, 10/16/2013 - 11:54 | 4060687 PartysOver
PartysOver's picture

Can it get any worse.  YES!!!!!!!!!!

Wed, 10/16/2013 - 11:54 | 4060688 Hunter S. Thompson
Hunter S. Thompson's picture

Keep Spending! Keep Spending!

Wed, 10/16/2013 - 12:06 | 4060774 optimator
optimator's picture

And if you can't spend it fast enough simply give it away.

Wed, 10/16/2013 - 11:54 | 4060689 BlueStreet
BlueStreet's picture

Not even kicking the can down the road, more like the sidewalk. 

Wed, 10/16/2013 - 12:03 | 4060760 GolfHatesMe
GolfHatesMe's picture

Isn't the sidewalk closed due to Gov't shutdown?

Wed, 10/16/2013 - 11:55 | 4060692 TarAndFeather
TarAndFeather's picture

As much as I loathe ALL professional politicans, I commend Sen. Cruz and Lee for their fight against tyranny.  

Wed, 10/16/2013 - 12:01 | 4060747 Spaceman Spiff
Spaceman Spiff's picture

This has definitely exposed the faction of the pubs who act like democrats and are responsible for the image that both parties are 2 sides of the same coin.

Wed, 10/16/2013 - 12:21 | 4060867 shovelhead
shovelhead's picture

Yup.

Boener is just the front guy for the pile of pussies behind him and theres a LOT of em.

Like drone attacks make terrorists, RINO's make Tea Party people.

Expect more of them soon.

Wed, 10/16/2013 - 13:08 | 4061132 SDShack
SDShack's picture

Unfortunately, it's not a faction of the Repugs, that are RINOS, but the majority. If it was just a faction, then they could be controlled. It's not so they are the ones calling the shots, and surrender is the result... everytime. Nothing will change because elections don't matter because TPTB have so corrupted the election process that takers outnumber givers now. Revolution is the only way change will happen.

Wed, 10/16/2013 - 13:32 | 4061250 Spaceman Spiff
Spaceman Spiff's picture

I agree.  (just got sloppy with my language.)  These big state republicans are the majority.   I haven't quite given up on elections yet though.   This could be a good opportunity for libertarians and non-social conservative tea partiers to get together.

Wed, 10/16/2013 - 11:55 | 4060693 TaperProof
TaperProof's picture

What a loser.    A losing loser that loses.

Wed, 10/16/2013 - 11:55 | 4060694 orez65
orez65's picture

QE to infinity and beyond!!

Wed, 10/16/2013 - 12:04 | 4060761 Zer0head
Zer0head's picture

that's the subtext to this puppet show and that's the real reason why Mr. Market has been enjoying multiple Orgasms

Wed, 10/16/2013 - 11:55 | 4060696 T-roll
T-roll's picture

The House won't pass this.  They know they have a couple of weeks to continue to play this game.

Wed, 10/16/2013 - 12:06 | 4060773 earnyermoney
earnyermoney's picture

If you put money on that statement, I suggest you cancel your trade.

 

Every D and a few R's will pass this in the House.

Wed, 10/16/2013 - 11:56 | 4060698 LawyerScum
LawyerScum's picture

This isn't the what the "deal" looks like, it's what a crumbling empire looks like.

Wed, 10/16/2013 - 12:04 | 4060767 Miffed Microbio...
Miffed Microbiologist's picture

Yeah, without the status of being the world reserve currency, I'm not sure if there is any difference between us and Greece.

Miffed;-)

Wed, 10/16/2013 - 14:41 | 4061655 hidingfromhelis
hidingfromhelis's picture

Well, that and our military.

Wed, 10/16/2013 - 11:56 | 4060699 butchee
butchee's picture

is it predictable of me to say "How predictable!"?

Wed, 10/16/2013 - 11:56 | 4060700 Bryan
Bryan's picture

Key quote here:  "Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised."  That means they found some stupid loophole or something so that they can vote against a debt ceiling raise, but still have it raised anyway.  Brilliant.   The inmates are running the asylum.

Wed, 10/16/2013 - 12:01 | 4060738 camaro68ss
camaro68ss's picture

thats what im reading. so the debt ceiling is now automatic unless voted to not raise it. hahaha, wow.

Obama just won the checkbook of america!

Wed, 10/16/2013 - 12:05 | 4060764 CrashisOptimistic
CrashisOptimistic's picture

This is a standard McConnell technique, but it's not forever.  It only applies to the February increase (that Treasury can maneuver out to March).  Thereafter the usual debt ceiling imposition continues.

Wed, 10/16/2013 - 12:25 | 4060895 youngman
youngman's picture

But by then people will know what a screwup Obamacare is....opinions might change by then....I think by next years election it will be in full failure....next years elections will be all about Obamacare.....

Wed, 10/16/2013 - 12:40 | 4060998 Ham-bone
Ham-bone's picture

nothing in gov is "temporary"...this is only how it gets rolling (think Fed taxes @ 1%, think Nixon's "temporary" closure of gold window, etc.)...I would not dismiss this...

Wed, 10/16/2013 - 12:08 | 4060796 Bryan
Bryan's picture

OK, so I'm replying to my own post -- but I'm still ticked.  What really infuriates me about these clowns is that they are no better than the Free Stuff Army that games the welfare system to buy their TVs and cell phones and video games and other non-essentials.  Playing the stupid system we have constructed is of highest importance, apparently.  So they come up with some stupid "deal" where "everyone wins!"  Everyone except us and our children, and our grandchildren, and great-grandchildren possibly.  Self-sacrifice is a foreign concept.  Servanthood is a foreign concept.  We've been fed this self-centered, me-first, everyone-wins garbage via the politicians and media for decades, and now we are choking on the vomit.

Wed, 10/16/2013 - 12:16 | 4060843 e_goldstein
e_goldstein's picture

The politicians are the colonels of the FSA. Blankfein, Buffet, et al are the generals.

Wed, 10/16/2013 - 12:53 | 4061063 Kobe Beef
Kobe Beef's picture

America is not a nation; it's not a country; it's not even a business.

It's a racket.

And the racketeers have just pulled another one over on us.

 

Wed, 10/16/2013 - 13:51 | 4061360 NidStyles
NidStyles's picture

The issue is that you are mistaking the political class for something that it is not. It never was about self-sacrifice or any notions of the sort. It's always been about the politicians being the royalty of the welfare class.

Wed, 10/16/2013 - 15:53 | 4061979 Shell Game
Shell Game's picture

For the sake of our children's children's children, the national debt created by TPTB by coercion and theft - it is not private debt, it is coerced public debt that is not ours to claim ownership of, or serfdom by - we must Repudiate the Debt.   http://archive.lewrockwell.com/rothbard/rothbard190.html

 

Wed, 10/16/2013 - 12:13 | 4060820 TBT or not TBT
TBT or not TBT's picture

I read this the same way. Huh? Surely this was a typo, surely.

Wed, 10/16/2013 - 12:20 | 4060860 viahj
viahj's picture

I thought that they had done it this way before (2011?): Congress dissapproves, POTUS overrides, Congress eats caviar and lobster, debt limit increased automatically.

Wed, 10/16/2013 - 11:56 | 4060701 TheAntiGov
TheAntiGov's picture

I'll never vote again.

Wed, 10/16/2013 - 11:57 | 4060711 SheepDog-One
SheepDog-One's picture

Absolutely no point in voting, it's all rigged bottom line.

Wed, 10/16/2013 - 12:11 | 4060816 Pesky Labrador
Pesky Labrador's picture

Since they went to electronic voting machines, it no longer matters who votes, it matters who counts the votes. Go DieBold!

Wed, 10/16/2013 - 11:56 | 4060702 SheepDog-One
SheepDog-One's picture

YAY! Party time extended till January! YAY let's buy moar stawks!

Wed, 10/16/2013 - 11:56 | 4060703 J Pancreas
J Pancreas's picture

Slow burn to third world living standards, bitchezz

Wed, 10/16/2013 - 11:58 | 4060727 SheepDog-One
SheepDog-One's picture

History repeats, and no one will do anything about it.

Wed, 10/16/2013 - 12:03 | 4060759 J Pancreas
J Pancreas's picture

Long 8' cinder block walls and concertina wire around the McMansion then?

Wed, 10/16/2013 - 12:49 | 4061041 Calmyourself
Calmyourself's picture

Exactly there will be no big SHTF event, they will manage you and your standard of living down to 3rd world standards with never ending promises of "fixing" it and you will take it.  The PTB have learned their Bernays, Cloward-Piven and the sheeple are completely defenseless against it.  Slow burn indeed all the way to the police state complete control paradigm.  Sad thing is most of the sheep will grumble and take it willingly. What a waste of a once great nation full of promise.

Wed, 10/16/2013 - 13:06 | 4061129 diesheepledie
diesheepledie's picture

Exactly, training sheeple to bite the pillow is easier than training a dog to sit. And the best part is, the child sheeple won't even know any better. They will be raised as pillow biters. As long as they have a screen to stare at, water and a little GMO, they will do just fine. They don't even need sunlight.

Wed, 10/16/2013 - 11:56 | 4060705 JJ McApe
JJ McApe's picture

The US has to cut it's spending. Boehner is right. What Obama is doing is killing the US in the long run.

Raising the debt ceiling is only making it worse:

Ask yourself:

17 Trillion in debt + Obamacare = ???

I mean okay just keep stacking up the trillions. Japan is doing this for almost 20 years now. LOL

 

Wed, 10/16/2013 - 11:59 | 4060735 T-roll
T-roll's picture

It doesn't matter at this point.  do you really think we are ever going to repay $17 trillion?  The only question we should be asking is "do we default now or later?"  We are a bankrupt nation.

Wed, 10/16/2013 - 12:08 | 4060792 freedogger
freedogger's picture

Yep, at this point there's no incentive to work or be productive. Join the FSA until the party is over! Fuck me what a mess.

Wed, 10/16/2013 - 12:09 | 4060803 CrashisOptimistic
CrashisOptimistic's picture

I know the practical side of everyone is to think money is some absolute entity that defines things.

It's not.  It's imaginary.  It didn't exist in the garden of eden.  It is an invented entity. 

Only joules in oil and calories in food matter.  Stalin confiscated food from the Ukraine in the 1930s and then sealed the border so none could flow in.  Created a manmade famine that killed millions.  And you know what?  Price didn't matter.  Money didn't matter.

Stop thinking like money is going to decide any of these things.  If money looks like it's about to cause global catastrophe, it will just be changed by decree. 

Money issues will never lead to Apocalypse.  Only oil issues will.

Wed, 10/16/2013 - 12:35 | 4060970 shovelhead
shovelhead's picture

Even if oil disappeared tomorrow, it wouldn't lead to an apocolypse. It would just seem that way in the cities during the die-off.

It would lead to an 1840's lifestyle for most.

Get rid of the dog and get a donkey.

Learn to harpoon whales.

Wed, 10/16/2013 - 12:42 | 4061006 Herd Redirectio...
Herd Redirection Committee's picture

The common retort is that the planet can't handle current living standards for 7 billion people, without oil.

Thats hard to argue with.  But... Thats assuming current living standards, and 7 billion people.

I try to imagine reduced living standards, 6.5 billion people, and limited oil.  Its frightening enough.

Wed, 10/16/2013 - 12:52 | 4061059 CrashisOptimistic
CrashisOptimistic's picture

It's not really guesswork.  The number is 1 billion people.

NYC is not going to relocate to Iowa and the nearby farms are now parking lots.  Pre oil, the earth was supporing under 1 billion people.  Food transport grew the population.  Knowledge and technology could add a few million now, but food transport on coal or wood powered steam locomotives just can't get food to NYC before it spoils.  Those energy sources can't move the train plus refrigerate.

Oil is the mechanism for the descent.  Money just is not.  Any time it threatens the world, it will just be fixed by decree.

 

 

Wed, 10/16/2013 - 13:06 | 4061125 quasimodo
quasimodo's picture

"NYC is not going to relocate to Iowa"

Good gawd I hope not. That last fucking thing we want here in this state is a bunch of joo yorkers stinking up the joint. We already have way to fucking many swine here.

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