This page has been archived and commenting is disabled.

The US Budget "Deal" Summarized (In One Cartoon)

Tyler Durden's picture




 

Context is key...

A greater-than $1 trillion (spending) budget heralded as a triumph on the basis that they raised $20 billion in additional revenue (oh and spent an additional $63 billion in anti-sequester outflows).

h/t Investors via The Burning Platform blog

And how the deal got done... Mother Jones explains... why military spending is the glue holding the budget deal together...

The House just passed the Ryan-Murray budget deal, signaling an unexpected end to the cycle of budget crises and fiscal hostage-taking. A few weeks ago, such an agreement seemed distant. Sequestration had few friends on the Hill, but the parties could not agree on how to ditch the automatic budget cuts to defense and domestic spending. Republicans had proposed increasing defense spending while taking more money from Obamacare and other social programs, while Democrats said they'd scale back the defense cuts in exchange for additional tax revenue. Those ideas were nonstarters: Following the government shutdown in October, Senate Majority Leader Harry Reid (D-Nevada) called the idea of trading Social Security cuts for bigger defense budgets "stupid."

 

Which explains why Rep. Paul Ryan and Sen. Patty Murray's deal craftily dodged taxes and entitlements while focusing on the one thing most Republicans and Democrats could agree upon: saving the Pentagon budget. Ryan's budget committee previously declared the sequester "devastating to America's defense capabilities." Murray had warned of layoffs for defense workers in her state of Washington as well as cuts to combat training if sequestration stayed in place.

The chart above shows why military spending is the glue holding the budget deal together. It also shows how any remaining opposition to the bill in the Senate may bring together even stranger bedfellows than Ryan and Murray: progressive dove Bernie Sanders (I-Vt.) and sequestration fan Sen. Rand Paul (R-Ky.).

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/17/2013 - 12:02 | 4254071 Zadok
Zadok's picture

Rome all over again! Ugggg!

Tue, 12/17/2013 - 12:21 | 4254088 Sudden Debt
Sudden Debt's picture

The next empire will do better!!!

unless it's the chinese... they actually invented fiat paper...

Tue, 12/17/2013 - 12:22 | 4254140 Suisse
Suisse's picture

Pro-tip: It's probably the Chinese.

Tue, 12/17/2013 - 12:44 | 4254235 Buckaroo Banzai
Buckaroo Banzai's picture

Doubtful. The Chinese are historically and culturally non-imperialist. Their expansionism is limited to territories contiguous to their own borders.

Tue, 12/17/2013 - 12:46 | 4254244 insanelysane
insanelysane's picture

But they may decide to build another wall and it would be ironic if they imported Americans for the labor.

Tue, 12/17/2013 - 13:36 | 4254411 WarriorClass
Tue, 12/17/2013 - 14:23 | 4254560 kralizec
kralizec's picture

To Hell with the Giant Weeping Carrot!

And hey, that bubble chart is BS!  We all know 99% of these assholes are progressives of one stripe or another!  Who drew that?  Dr. Seuss?

Wed, 12/18/2013 - 08:15 | 4256481 GetZeeGold
GetZeeGold's picture

 

 

At the base of Niagara Falls.......John Boehner holds up a thimble full of water.

 

We saved you this much over 10 years.......not bad huh?

 

Next up Amnesty......cause it will be good for the economy........not your economy......our economy.

Wed, 12/18/2013 - 08:29 | 4256515 negative rates
negative rates's picture

The house that John built, turned out to be the house of lies.

Wed, 12/18/2013 - 08:48 | 4256571 Oracle of Kypseli
Oracle of Kypseli's picture

Peak population. in the wrong places.

Wed, 12/18/2013 - 19:56 | 4259095 TheRedScourge
TheRedScourge's picture

Proposed caption for above cartoon:

 

"Paul Ryan takes a break from sitting around with his thumb up his ass to put his finger in a dike."

Wed, 12/18/2013 - 03:20 | 4256288 HardlyZero
HardlyZero's picture

+++  empty Chinese cities waiting in the European style....

Wed, 12/18/2013 - 07:02 | 4256415 new game
new game's picture

PREPARE TO kill, kill, KILL, KILL, KILL

moar money to KILL, KILL, KILL.

kill or be killed...

Tue, 12/17/2013 - 15:33 | 4254272 SafelyGraze
SafelyGraze's picture

in the center of the diagram is an important region filled with those of us who want to massively increase military spending and social programs and regulation while decreasing taxes and ending the debt ceiling entirely 

call us utopians, call us prosperitians

thank you for your continued support, and keep on shopping!

hugs,
PK

ps - have you made plans yet to go back to school for another degree or certification? 

Wed, 12/18/2013 - 00:43 | 4256051 Midas
Midas's picture

PK said that state-run exchanges are mostly going pretty well--so am I suppossed to believe some anonymous poster on zero hedge or the eminent PHD?  I mean, he has  a "nobel" prize for cryin' out loud!  And they don't just give those out to any idiot that gets elect....hold on for a sec.,  oh nevermind.

Tue, 12/17/2013 - 13:00 | 4254294 TheGardener
TheGardener's picture

Natural ethnic borders I would add. After 5000 years of related cleansing they know who they can rape into oblivion
and otherwise kill all those races that just wont mix.

The Chinese are historically and culturally fully imperialist and their expansionism has been logically limited to related ethnic victims who's territories were within reach and contiguous attack`s broadened natural borders.

Fixed it for you B.B.

Tue, 12/17/2013 - 15:40 | 4254721 Buckaroo Banzai
Buckaroo Banzai's picture

Well, technically, if you define an empire as a collection of non-contiguous territories controlled from a central point, then the Chinese are not imperialist.

But, yeah, I get your point.

Wed, 12/18/2013 - 00:15 | 4256001 UP Forester
UP Forester's picture

Good thing the Chinese aren't Mongolian, like the Khans....

Wed, 12/18/2013 - 04:39 | 4256328 Ghordius
Ghordius's picture

technically? technically China is already & still an empire for itself, with over 50 nationalities and hundreds of languages. and China's influence in Africa is already strong

are you sure you aren't mixing up colonialism with imperialism?

Wed, 12/18/2013 - 05:10 | 4256363 Learn more and ...
Learn more and know less's picture

The Chinese have considered themselves to be an empire for 1000's of years - although the Last Emperor was disposed in 1911 by the Nationalists, who were subsequently replaced by Mao and his Communists, despite rhetorical differences they have adopted many of the traditional trappings of Imperial Chinese power.

Tue, 12/17/2013 - 13:01 | 4254311 mick_richfield
mick_richfield's picture

Half of the human race is inside China, or contiguous to its borders.

A regional power in Eastasia has the same reach, relative to population, as a global power in the western hemisphere.

 

Tue, 12/17/2013 - 16:34 | 4254926 epicurious
epicurious's picture

Keep it there!

Tue, 12/17/2013 - 15:52 | 4254764 Antifaschistische
Antifaschistische's picture

The Chinese realize that senseless imperialism results in cultural dilution and ultimately destruction. GO CHINA!! Learn from the stupidy of America's "diversity is great" policy.

Wed, 12/18/2013 - 01:59 | 4256177 risk.averse
risk.averse's picture

Contiguous with their borders, eh? Well, logically, that could be the entire Eurasian land-mass -- from the Malayan peninsula to Normandy. Not a bad empire! <sarc>

Wed, 12/18/2013 - 00:31 | 4256035 SuperRay
SuperRay's picture

We live in a dissociated, unreal world, where the obvious controlled demolition of the three world trade center buildings is denied and ignored by the zombie population.  This is the logical outcome of mass communication, perfected by the CIA.  See The Century of the Self on youtube. We are so fucked..

Wed, 12/18/2013 - 07:53 | 4256462 mvsjcl
mvsjcl's picture

The only reason I can see for the down arrows is the off-topic nature of your post. But I gave you an up one any way.

Wed, 12/18/2013 - 12:41 | 4257392 TBT or not TBT
TBT or not TBT's picture

What's your take on the moon landings?

Wed, 12/18/2013 - 02:01 | 4256181 prains
prains's picture

the MIC is gonna KILL you COMING or GOING, they've got both your holes covered.

 

cut off it's HEAD

Wed, 12/18/2013 - 02:31 | 4256225 evokanivo
evokanivo's picture

And here we have yet another idiot that doesn't know the difference between "its" and "it's".

Wed, 12/18/2013 - 09:13 | 4256648 General Decline
General Decline's picture

Is that all you have to contribute to the discussion? A grammar correction?

Wed, 12/18/2013 - 11:32 | 4257121 prains
prains's picture

sorry evokadicko, your delicate sensibilities have been hurt by a ZH drinker/typer,,,,let me make no mistake here then.....f.u.c.k.o.f.f

Tue, 12/17/2013 - 12:05 | 4254072 Cognitive Dissonance
Cognitive Dissonance's picture

But....but....but debt is wealth. That would make the USA freaking rich.

<As a citizen can I add my share of the USA's wealth onto my personal balance sheet?>

Tue, 12/17/2013 - 12:07 | 4254081 Dagny Taggart
Dagny Taggart's picture

Um... they already added it to your personal balance sheet, just not the side you were hoping it would appear lol.

Debits and credits bitchez.

Tue, 12/17/2013 - 12:37 | 4254212 eclectic syncretist
eclectic syncretist's picture

They call the card you use to go into debt a "credit" card.

They call the card you use to prevent going into debt a "debit" card.

They call the debt the consumer is buried under consumer "credit" and say it's good to have more of it.

They call a reduction in the RATE of debt accrual a debt reduction.

And a whole bunch of other lies presented as facts/truths.  The list goes on and on.

Tue, 12/17/2013 - 16:05 | 4254796 Antifaschistische
Antifaschistische's picture

....but, but, but, isn't that how you get a good "credit score"? It's amazing. You can have enough cash in the bank to buy a house in Hawaii and new Ferrari, but your credit score may be lower than than the lady with three credit cards, a condo mortgage and a car note.   Blows me away.

BOTTOM LINE:   A CREDIT SCORE IS NOT A CREDIT CAPACITY SCORE.  It's a Banking POINT System.  The more money you give to the BANKING Industry...the more points they'll give you.  STOP PLAYING THE GAME!!

Wed, 12/18/2013 - 07:05 | 4256419 new game
new game's picture

think of it as free, because no way in hell is it going to be repaid.

1 trillion for free and 1/2 wasted via gov wastefullness...

oh well...no biggie, back to the voice...

Tue, 12/17/2013 - 12:26 | 4254155 ArkansasAngie
ArkansasAngie's picture

They can't cut spending.  What would the FED monetize?

The catch 22 is here.

Tue, 12/17/2013 - 12:30 | 4254178 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

If they stopped spending, the wheels would fall off the cart. Unfortunately, gov't spending is a major portion of our economy today. Forward Soviet!!

Tue, 12/17/2013 - 12:49 | 4254245 Buckaroo Banzai
Buckaroo Banzai's picture

DING DING DING we have a winner.

Spending must increase as the debt increases-- there are only two ways out of this trap:

1) total financial collapse and economic chaos.

2) ownership of every asset on the globe in the hands of the 400 families, and complete enslavement of the rest of humanity.

This will get sorted out one way or the other shortly. See you on the other side!

Tue, 12/17/2013 - 12:58 | 4254291 post turtle saver
post turtle saver's picture

it will get sorted out via debt "jubilee" in the form of war & and associated debt settlements & reparations... this is why a coalition of tea party members and liberal hawks makes sense... spending drops when the debt goes away, the MIC needs to be fed to make sure the US wins any conflict involved, MIC jobs are saved and justified via this approach... result: end game is war and winner will take all

Tue, 12/17/2013 - 14:28 | 4254568 Jethro
Jethro's picture

There is no solution to this problem, at least not one that doesn't end in bloodshed.

The government can print/devalue currency leaving the older generation in poverty (kill the middle class,and destroy any hope for the younger generation) and then forcing them onto the government tit.  Liken this to wiping out the buffalo herds for the plains tribes.  Get everybody on the "reservation".

The government can cut the SS, medicare, medicade benefits, instantly forcing the older generation into poverty.  Could happen.  Sort of like a slow motion version of the cyclotron on Logan's Run.

The government can cut military spending, pull troops stationed abroad (and hopefully put them on the southern border--never happen I know), and then subsequently lose prestige/market share abroad as we don't enforce the will of the US oligarchy.  Won't happen.  At least as long as there is a petrodollar.

Black swans include a dedicated, serious social unrest where the oligarchs start being hunted down and executed (or the low-level bureaucratic functionaries are hunted down and executed).  Could happen.  A sudden abandonment of the FRN by the world (China dumping all their US debt at once---kind of hoping for this actually).  A pandemic that is antibiotic resistant, or a highly contagious virus that has a high mortality rate--Could happen.  Civil war--Could happen. 

 

Wed, 12/18/2013 - 03:20 | 4256282 FreedomGuy
FreedomGuy's picture

I am going to take a contrarian stand on this. I don't think the government consciously has a plan to purposely impoverish everyone, at least permanently, even if you believe in Cloward-Piven. I think they DO want power and they really believe in their own infallibility. They are true believers in their own elitism. The problem is you cannot get complete power through central planning and prosperity simultaneously. Even though the Soviets, Maoists and two dozen other soft and hard socialist states have failed they believe they can make it work.

In other words, they would prefer prosperity but their ideas produce a poverty they will not admit to. In they end they will their power over our prosperity.

Wed, 12/18/2013 - 07:20 | 4256430 DaddyO
DaddyO's picture

I have a similar view. Cloward-Piven is a means to an end, Heaven on earth and the belief that Utopia is achieveable here is their Luciferian wet dream. Unfortunately, they never account for man's inate sinful nature.

Liberty and freedom are the antidote and when a man is deprived of these all hell breaks loose. Our current situation will continue to devolve until we reach the breaking point.

In my view, more and more are waking to the fact of the plan to usurp Liberty and Freedom, this will not end well.

It's just a matter of time at this point.

DaddyO

Wed, 12/18/2013 - 22:32 | 4259483 FreedomGuy
FreedomGuy's picture

Yes, I am on the same track. One of the several core weaknesses in leftist ideology is the very nature of man. Leftists empower men in government to do what they believe to be good which necessarily means all bad people are in the private-free sector and all good people are in the government sector. At least all government people must be good. It has to be this way in order to justify unlimited power for government. It is also why they offer their utopia in contrast to any number of bad things happening now. They cannot offer you any reality because no one has been able to make their ideas work and history shows powerful men become oppressive not benificent.

If you look at the endpoint of leftist ideology/theology all problems come from freedom. Bankers, pharmaceuticals, doctors, drivers, restaurants, and even private individuals will not do what yoiu want them to do or will screw you over and kill you the first chance they get. This argument works as long as you don't think past the surface. The argument works for government power because the trade is you give government more power and they give you safety and even security as in Social Security or Homeland Security. Both are actually lies and the premise is a lie. Virtually all...99.9999% of the worst abuses in history come from government/s of various sorts.

I believe there are historic forces building these days and I do not pretend to know how they will play out with any authority.

 

Wed, 12/18/2013 - 07:14 | 4256425 new game
new game's picture

darwin rewards advanced engineering for alliance tech and other mic suppliers for their ingenious killing systems.

beware of incoming nukes...

we are so fucked :(

oh, and fuck a shima w/ radiation west to east...

Tue, 12/17/2013 - 12:53 | 4254271 JimS
JimS's picture

AA, you are correct. The FED is now monetizing garbage loans that went into numerous REIT's "back in the day", many of the mortgages being used 2,3,4.... times, as who the fuck even knows. Seconds, on houses that have short-saled, so there's no value, blah, blah..... The FED is monteizing total shit. This CAN NOT end well.

Tue, 12/17/2013 - 12:58 | 4254304 czardas
czardas's picture

What would the Fed monetize?  Why, the interest increase that will come with higher rates of course.  They will pull an Illinois - use bonds to pay interest on the bonds used to pay interest  ad infinitum.

Tue, 12/17/2013 - 12:44 | 4254238 TheGardener
TheGardener's picture

" As a citizen can I add my share of the USA's wealth onto my personal balance sheet?"

Well, yes and no. But we will tax you accordingly.

Wed, 12/18/2013 - 02:47 | 4256246 Kirk2NCC1701
Kirk2NCC1701's picture

I rather suspect that the reason Dick Cheney claimed that "Deficits don't matter", is that as long as the USD is the GRC, we can force the global economy to subsidize our Deficits.

And as long as we have almost 200 DoD and CIA bases around the world, we can keep it that way far longer than would otherwise be the case. We can spy on, and intimidate, bully, blackmail, bribe, threaten, discredit, harm or kill just about any person or group.

So, no wonder that we "have" to keep this global act of Shakedowns going. Ironically, it is US who are locked into ever-increasing MISC (Military Industrial Surveillance Complex) arms race.

All that Russia and China need to do, is to maintain a strong Defense, avoid military entanglements (in spite of deliberate provocations), focus on the economy and infrastructure, and let the US self-destruct.

Wed, 12/18/2013 - 07:34 | 4256432 new game
new game's picture

ad to that list brasil, australlia, canada, s korea, and host of other countries that are sick and tired of bully. everybody hateS a bully. we are the target of hate after the facade of friendship is removed...

THEY ALL SECRETLY WANT US TO FAIL. CAN YOU BLAME THEM. envious, normal behavior. they want what we have because they are humans too. they can fucking have it-imo. humans want  to rise to the top only to fail/fall. just the cycle of humanity. darwin was right and always will be. purge the dumb fucks by their own stupidity...only to be replaced by the survivers which in turn get stupid and fail by their own power/growth demise; see it in corporations too/micrcosm of human virtue.

our do good bull shit is not working anymore, because we are broke and on borrowed time - literally!!!

ramp the mic with free never to be repaid debt - last gasp...

before the fed prints this mess to hyper flatation DEATH...

Wed, 12/18/2013 - 15:01 | 4257946 TBT or not TBT
TBT or not TBT's picture

Starfleet to Kirk: check out Russian and Chinese demographics and get back to us.

It is our view that Russia and China will do increasingly crazy things as their civilizations collapse demographically. China will get old before it gets rich, but it is going mad trying head this off with frantic growth and overseas resource grabbing to fuel that, in the name of their culture and civilisation. The central planning single child policy set the steam roller in motion back during their economically suicidal communist single party central planning days.

Russia destroyed itself and its demographics with 70 years of communist single party central planning statism and the hangover appears today in the streets of its former empire and the capital too. The paranoid nationalism in Moscow worsens by the day.

Both miserable countries are still building nukes, navies, and doing nationalistic flag waving space programs. They're rattling sabers and leaning hard on foreign countries to stay with their program or get into it.

They need none of that to do well, but their thinking is zero sum, and so they will act accordingly.

Wed, 12/18/2013 - 09:53 | 4256782 disabledvet
disabledvet's picture

we're creating dollars...and at the end of the day that's all equity is: "the cash value of a business" expressed in either the sale price of said business (one dollar is the going rate) or what you get paid to own that one dollar in the form of a dividend. (let's say twenty cents per share on your business that I say is worth one dollar.) that's not a bad rate of return considering the risk you are putting down is one dollar. (that's what Ford Motor Company traded at in 2008 btw. That 100 billion dollar conglomerate could be bought...you guessed it...for one dollar.) that's what bitcoin traded at a year ago. I wouldn't trade options here...but that's what they trade at too. Debt? hahahahaha. if your equity trades at a dollar your debt is worth ZERO. that's the lesson of Time Warner: "buyout rumors spark surge in equity price as debt holders get slammed." since oil is a proxy for equity the market bubble is clearly in the debt space. and the Fed is going to taper? "whom?" Illinois? Arizona? You're god damn right Congress is going to pass this budget. "and even a trillion might still not be enough." I mean "look at that dollar rally. look at that oil boom transfer to generalized growth in the economy." hahahaha. pathetic. the Sun King ran his Empire from his Chateau not Paris.

Tue, 12/17/2013 - 12:05 | 4254077 kchrisc
kchrisc's picture

Almost funny, isn't it?!

Tue, 12/17/2013 - 12:07 | 4254082 Skateboarder
Skateboarder's picture

Can't bring the boys home cuz we're Rome.

Tue, 12/17/2013 - 12:08 | 4254085 Billy Sol Estes
Billy Sol Estes's picture

Down here in Texas they're calling George P. Bush a Tea Party member because his skin is brown. Heh! I guess in my day they'd call my good friend Lyndon Johnson Tea Party as well, heck even Rick Perry was called Tea Party once. Paul Ryan is in a real pickle now if he wants to keep holding that 'TeA PaRtY' banner up high.

It seems all you have to do to be Tea Party is make smaller cuts to your original spending increase and presto! You are saving money you would have spent anyways.

Sounds like Lyndon Johnson MATH to me...

Tue, 12/17/2013 - 12:18 | 4254133 wisehiney
wisehiney's picture

Fuck a lying ass bush.

Tue, 12/17/2013 - 14:31 | 4254579 I Am Not a Copp...
I Am Not a Copper Top's picture

Grow up.  They ALL lie.

Tue, 12/17/2013 - 14:42 | 4254588 wisehiney
wisehiney's picture

I knew one who never lied. 

http://en.wikipedia.org/wiki/Jesse_Helms

"Senator No" they called him.

Tue, 12/17/2013 - 12:59 | 4254308 wisehiney
wisehiney's picture

See the Morgan Macomb quote in that article.

Tue, 12/17/2013 - 12:06 | 4254087 IREN Colorado
IREN Colorado's picture

The GOP have this covered! They'll run Christie against Hillary. That way we will either get a fat progressive President or an homely, poorly dressed progressive. 

Pray for the Republic

Tue, 12/17/2013 - 12:46 | 4254254 Billy Sol Estes
Billy Sol Estes's picture

Rick Perry for President 2016. He is a Republican isn't he?

Well if R = Good and D = Bad

Then (R x D/R) + R = Amurica.

Wed, 12/18/2013 - 00:15 | 4256003 Savyindallas
Savyindallas's picture

Perry is a closet homo pawn of the Establishment - he has no brain. he has no soul. Surely you are jesting.

Tue, 12/17/2013 - 14:04 | 4254495 drendebe10
drendebe10's picture

Homely??? Flattery! 

Tue, 12/17/2013 - 17:21 | 4255111 AGuy
AGuy's picture

What would you label Nancy Pelso if Hillary isn't Homely?

 

Tue, 12/17/2013 - 12:09 | 4254089 greatbeard
greatbeard's picture

" Sequester loving tea partiers who want to slash all federal spending"

Maybe I missed something.  Did the tea party folks ever suggest slashing defense spending?  If they'd get serious about the MIC budget I could get on board with these guys.  Until that's properly in it's place as the main course in the budget cutting dinner party any talk of sane budgets is ludicrous.

 

 

Tue, 12/17/2013 - 12:27 | 4254161 ArkansasAngie
ArkansasAngie's picture

True tea'ers did.

Userpers?  Nah.

 

Tue, 12/17/2013 - 12:48 | 4254258 Billy Sol Estes
Billy Sol Estes's picture

You're saying Herman Cain, Gingrich and Santorum weren't Tea Party as advertised?

My life has been an entire lie!!!!

Tue, 12/17/2013 - 12:34 | 4254186 aardvarkk
aardvarkk's picture

Yes, they did.  Or at least some of them have.  Basically the tea party message, when unfiltered by the media or their enemies, seems to be "cut spending dammit."  I'm not really one of them, just a sympathizer.  But when I look over the sea of ignorance and insanity, their ideas seem to be the only hope for decent policy.  Some of them are more or less oriented toward defense cuts, but I doubt you'd find a lot of tea partiers that would raise much fuss if someone wanted to cut defense by X%, so long as SS, Medicare, and the other goodies that AREN'T specifically mentioned in the constitution by an equal or greater amount.  You can tell the Dems because they're the ones screaming RACISTS!!1!  You can tell the Repubs because they're the ones screaming EXTREMISTS!!1!  You can tell the liberals because they're the ones screaming MEANIES!!1!

A lot of these congresscritters get their panties in a wad about defense cuts, but I have a hard time sympathizing with them when we spend more by far than anybody else on the planet.  Seems like if there's heavy defense lifting to do, Europe or China/Asia or someone can step into the breach if they really care about it that much (which they don't, or at least won't until the seaways are no longer safe for commerce).

One way or the other, Pax Americana is about over.  Time for someone else to step up and spill their blood and get blamed for everything.  Not only can't we afford it anymore, but we're about to be foreclosed on in all sorts of ways.  The scary part is, I had exactly three economics courses in my little state college 25 years ago and I can pretty much see the broad outlines of all this clearly.  These Ivy-League twits who are supposed to be geniuses don't seem able to do basic math.

Short story:  spend less than or equal to what you take in = good, spend more than you take in = very bad and can't continue indefinitely no matter how much you want it to.  All keynesian sophistry aside, at base it really is that simple.

Wed, 12/18/2013 - 02:49 | 4256247 FreedomGuy
FreedomGuy's picture

Methinks the Tea Party, love them or hate them is the only large, consistent, intractable opposition to the Left. I think the Left fears them more than anyone because they are the one group that is most likely to fight them to a standstill. Notice that Obama and Reid compromise nothing, not a thing. The Tea Party is their right wing mirror.

Having said that the Tea Party has many weaknesses. I have been to a rally or two and spoken to a small local group. In some areas they are more libertarian and have libertarians in their number. In another rally it was evangelical revival. That was not my cup of tea (pun intended) but it did cross my mind that this part of the Tea Party cannot be bought off. Their prime weakness is that they are pretty united as to what they are against but very vague on what they are for or even how to solve it.

I believe they have come to hate Romney and Bush types nearly as much as any leftist Democrat you want to name. The primary reason is that they feel betrayed by Republicans who grow spending, rules and the State and further entrench their own power. The Dems are fairly clear on what they are for so there is no specific betrayal (of the Tea Party or conservatism) on their part. So, they are the very worst and most formidable enemy of RINO's or centrist Repbublicans. They will either defeat them in a primary or sit out the general election. Either way the RINO loses.

They are NOT the money part of the party but they are definitely the energy and grass root center of gravity. If someone can draw them in and unite them in a positive direction they are formibable and will not desert their guy or gal.

Tue, 12/17/2013 - 13:03 | 4254318 dick cheneys ghost
dick cheneys ghost's picture

$8.6 trillion spent since 1996 on MIC

because there is a muslim behind every tree with a boxcutter waiting to kill a zionist/neo con

thats a lot of fuckin corporate welfare

Wed, 12/18/2013 - 02:14 | 4256194 mt paul
mt paul's picture

long box cutters..

Tue, 12/17/2013 - 12:08 | 4254095 sosoome
sosoome's picture

The circle of spending, taxing, and borrowing will not end until the 16th and 17th amendments are repealed. "Flat" or "fair" tax scemes will not change it. Only when the same entitiy which pays the federal taxes (the States) is the entity which spends and fights to get the money back, will fiscal sanity be restored.

(or when the whole damn thing blows up, whichever comes first)

Tue, 12/17/2013 - 12:35 | 4254203 Zadok
Zadok's picture

How exactly do you repeal something that was never ratified?

Tue, 12/17/2013 - 16:03 | 4254794 sosoome
sosoome's picture

I don't give a damn how you get rid of them; shoot 'em if you have to, but just get rid of them, and let the States pay fed taxes, as per the constitution. Until the dichotomy of one entity paying and the other entity rewarded for getting the money back, the profligate spending will not stop. 

Tue, 12/17/2013 - 12:54 | 4254213 Zadok
Zadok's picture

How exactly do you repeal something that was never ratified?

Sump Ting Wong - Double Posting...?

Adding sumpting useful...

Whiskey Tango Foxtrot!!!!!!!

http://www.infowars.com/the-video-clip-that-proves-a-shadow-government/

Tue, 12/17/2013 - 12:58 | 4254293 Buckaroo Banzai
Buckaroo Banzai's picture

Sponsored by Viagra, LOL.

When you are getting paid by people who make boner pills, I guess the resulting "journalism" has all the depth, subtlety, and meaning of a boner.

Tue, 12/17/2013 - 12:08 | 4254096 wisehiney
wisehiney's picture

Go TEA! My guy voted against the budget. He wants to cut it all. Like we asked him to.

Wed, 12/18/2013 - 03:16 | 4256281 HardlyZero
HardlyZero's picture

If they go lightspeed printing at the top...and the top doesn't know what the Tea Party is cutting out at the bottom support.

It might just topple a fiat giant.

Anyway get your popcorn ready.

Tue, 12/17/2013 - 12:15 | 4254098 JR
JR's picture

The vote to end debate on the $1.01 trillion US spending plan (funding Obamacare) is over and final Senate voting is expected tormorrow. The turncoat Republican senatorss—Hatch, McCain, Flake, Burr, Collins and Johnson—helped the Democrats end debate and give the Washington Party its victory.

BREITBART:

“After the deal passes the Senate, it will go to President Barack Obama for his signature. He is expected to sign it into law.”

Says Erick Erickson of RedState, “After the plan was publicly unveiled by the (House) Republicans at six o’clock on a Tuesday night, conservative fears were realized. Those things they (the conservative Republicans) knew would be in the plan were, in fact, in the plan. The plan funded Obamacare. The plan raised taxes. The plan broke the sequestration spending limits that only a month before Republican leaders had said would never be broken.”

Tue, 12/17/2013 - 12:29 | 4254175 Withdrawn Sanction
Withdrawn Sanction's picture

Dont worry too much about it.  They could have cut discretionary spending (incl defense) essentially to zero and entitlements (always makes me laugh) are still growing faster than revenues, and faster than real GDP.

This was a pure political stop gap to let them get past the 14 mid-terms.  It might work (for them) but somehow I doubt it.  But even if it does, the jig is up no matter what.  The real fireworks begin in 2015 when the current plan expires.  In addition, over the next year and a half,  sovereign debt problems will spread, contagion-like from Japan and Europe, eventually infecting the USA.  At that point, it wont matter who's in charge, as the impotence of politicians and politics generally will be obvious for anyone to see.  And then a billion bullets and thousands of MRAPs wont stop the implosion.   

Tue, 12/17/2013 - 14:26 | 4254572 JR
JR's picture

You are exactly right in every detail.

The explosion already is building inside the bottle and to remove the cork a little is not enough. The glass shards and the destruction are assured. Politics, represented in this country by a socialist president and a bought Congress, is proving every day that the problems cannot be handled - vast unemployment and underemployment, the loss of jobs to foreign markets (now Viet Nam immensely cheaper than Mexico), the threats of an amnesty to deliver more new waves of Third World welfare and Democrat voters to ride on the backs of the middle class, an exploding debt so large that the lies can no longer cover the binge of insanity, the increasing loss of US prestige and influence in the world, the onslaught of America's rulers against the privacy and freedoms and efficacy of its citizens, and the complete destruction of the world's finest healthcare system to be replaced by government greed, incompetence, and in fact loss of healthcare for citizens, i.e., the world's finenst healthcare system to be replaced by the world's worst.

Wed, 12/18/2013 - 02:54 | 4256261 FreedomGuy
FreedomGuy's picture

The stupid arrogant central planners of Pelosi and Obama have wandered into a Chinese finger trap. They cannot go backwards and put it off for a year. The policies have already been cancelled, some new ones bought...restructuring of the economy has begun and cannot be stopped. Going forward which is the only way out will be painful, as well. Since they actually do not know how healthcare works or how to price it they cannot run it well. It is impossible.

It is not going to end well.

To all those who believe in government benificence, genius and ability and who empowered this, I want to say for the record you are nothing but angry idiots who empowered not just your but your fellow man's economic destruction.

Tue, 12/17/2013 - 17:30 | 4255127 stormsailor
stormsailor's picture

bullshit on burr,  he voted against cloture today, and he assures me he will be voting no tomorrow.  he did verify that all the other names on that list did.

 

during a previous conversation back several months ago, i told him if he voted yes i would immediately make out a check for 10g to whomever ran against him in the primary,  he told me that he had been hearing that a lot.

Wed, 12/18/2013 - 08:56 | 4256591 starfcker
starfcker's picture

i was a lot more bent about this a week ago than i am today. there was a lot of speculation that this deal was to clear the way for an open borders vote. i'm not so sure about that. the repugs have now cleared the way to stand back and reap the rewards of watching the starship obamacare burn on the mooring mast. if they go for amnesty this year, they have to compromise with the dims, and hand bammer a huge win. bummercare gets forgotten.  hey ryan, sorry i called you a ballsucker if you promise no amnesty

Tue, 12/17/2013 - 12:12 | 4254104 LawsofPhysics
LawsofPhysics's picture

Cognitive dissonance is a bitch...

same as it ever was...

Tue, 12/17/2013 - 12:10 | 4254106 Dr. Engali
Dr. Engali's picture

At this point I just want them to spend like there is no tomorrow. It should hasten things up a bit.

Tue, 12/17/2013 - 12:25 | 4254149 Evil Franklin
Evil Franklin's picture

There is always a tomorrow.  It's just the quality that's in question.

Wed, 12/18/2013 - 03:13 | 4256277 HardlyZero
HardlyZero's picture

But, but, Yellen won't let Ben pull out !

Its full frontal missionary position printing with hog-tied handcuffs from here on out.

Full-frontal fiat fornicating intertwined pretzel logic (Steely Dan edition).

Tue, 12/17/2013 - 12:26 | 4254150 El Hosel
El Hosel's picture

Maybe nobody will notice... Moar

Tue, 12/17/2013 - 12:39 | 4254218 aardvarkk
aardvarkk's picture

That's where I'm at.  I have two more large projects to finish to get ready for the shitstorm I see coming.  By next fall I should be good, and let happen what may.  I just hope things hold together until then (and that my job doesn't go into the maw of Obamacare until then).  At that point I'll be as ready as I'll ever be for a reset.

Tue, 12/17/2013 - 12:54 | 4254282 greatbeard
greatbeard's picture

>> I have two more large projects to finish

And what would those be, may I ask?

Tue, 12/17/2013 - 14:53 | 4254638 aardvarkk
aardvarkk's picture

Well, one is to install a woodstove I bought a couple years ago along with the flue I just bought recently in my house, in a configuration that will allow heating the whole place without the grid if necessary.  Also laying in at least a winter's worth of wood for it by the start of next winter.

And the other is confidential.

Tue, 12/17/2013 - 15:00 | 4254651 greatbeard
greatbeard's picture

>> And the other is confidential.

Got no problem with that, bro.  It's always interesting to see where people are in their management of life issues.  Good luck in all your endeavors and may you sail smoothly through the coming storm.

Wed, 12/18/2013 - 08:20 | 4256490 NoClueSneaker
NoClueSneaker's picture

Russia and China ... :-P

Tue, 12/17/2013 - 14:12 | 4254513 BudFox2012
BudFox2012's picture

Last year I was hoping for 2 more good years to get my affairs in order, in a similar situation to what you stated (I think).  I got one, not so confident I am going to get that second one in its entirety

Wed, 12/18/2013 - 02:58 | 4256263 FreedomGuy
FreedomGuy's picture

I need to do a bit more of that myself.

I think it is an illusion though that any of can get away unscathed.

Tue, 12/17/2013 - 14:13 | 4254519 BudFox2012
BudFox2012's picture

That's what scary to me; they ARE spending as if there is no tomorrow.  Either they are really foolish, or know something we do not (or both).

Tue, 12/17/2013 - 12:23 | 4254146 g speed
g speed's picture

I hate it how I can plan for any business scenerio that may happen in my nitch market, any contingency the family may encounter,  any weather, any material or equipment repair or replace, but no matter how hard I try the greedy fagot pig know nothings in my gov't will fuck it up. I want these PsOS to be gone--they are breathing my air and I resent it.

Wed, 12/18/2013 - 03:08 | 4256271 FreedomGuy
FreedomGuy's picture

Your comment is excellent. I have written how it is impossible to reliably plan or hedge in a political economy. Any rational decisions you make can be completely undone by the next government pronouncement, rescue plan, or stimulus. It is more like betting than investing. You are ruled by idiots and your future depends on what they decide is the proper course of history.

Tue, 12/17/2013 - 12:23 | 4254147 Oldwood
Oldwood's picture

How can you win an election if you can't buy your votes?

Tue, 12/17/2013 - 12:27 | 4254153 Budd aka Sidewinder
Budd aka Sidewinder's picture

Only with a truly amenable bipartisan Congress could we be served a shit sandwich this tasty

Tue, 12/17/2013 - 12:28 | 4254154 Pairadimes
Pairadimes's picture

Where is the circle for 'fucking idiots' in that Venn Diagram?

 

BTW, Ramirez is consistently brilliant.

Tue, 12/17/2013 - 13:05 | 4254319 jughead
jughead's picture

the "fucking idiots" circle is the area containing all the others.

Tue, 12/17/2013 - 13:09 | 4254331 mick_richfield
mick_richfield's picture

It's the big white box that surrounds the four ovals.

It is represented without a border because ...  we're soaking in it.

 

Tue, 12/17/2013 - 12:32 | 4254182 flacorps
flacorps's picture

Stop voting for Democrats. Stop voting for Republicans. And make sure the votes get counted honestly. Then the cronyism is over, and the hard choices get made.

Tue, 12/17/2013 - 15:47 | 4254750 Calmyourself
Calmyourself's picture

Yeah stop voting that'll work because all  those Al Franken votes found in car trunks across MN were legally cast you betcha..  Seriously the consensus will be manufactured where necessary.  No, that is not the way out..

Wed, 12/18/2013 - 03:21 | 4256286 bunnyswanson
bunnyswanson's picture

Who was it that said, "it is not who votes but rather who counts the votes that matters."  I think it was Lenin.

 

Create a parallel voting system.  On election day, as an experiment to ensure honest elections, get permission to have this implemented in some fashion - possibly over cell phone - in as close as an credible way one can do it within the law, purely for accuracy assessment.  There is a lot at stake.  No one should object unless it is true (election fraud is taking place.)

Tue, 12/17/2013 - 12:33 | 4254194 glenlloyd
glenlloyd's picture

once again they're just tinkering around the edges not really dealing with the big issue, no one wants to accept that there is a huge spending problem and no one wants to deal with it.

Tue, 12/17/2013 - 12:37 | 4254199 icanhasbailout
icanhasbailout's picture

"Liberal hawks" and "conservative hawks" are actually just one group ("hawks"), even though it spans both parties. As I predicted a couple of years ago already, the Fascists in both parties are uniting to rule, and party affiliation has little to do with it.

Tue, 12/17/2013 - 12:43 | 4254239 amadeusb4
amadeusb4's picture

And the only example you could come up for the 3rd quadrant was Sanders. If you drew the ovals relative in size to the support these quadrants receive in congress, you couldn't fit Sander's name inside his.

The level of spending IS NOT THE PROBLEM! Where the money is going is the problem. You would think that the party that is supposed to be good at business would recognize this. Spending $200K on a house is not a problem. Spending $200K in Vegas is.

Wed, 12/18/2013 - 01:13 | 4256107 The Heart
The Heart's picture

"Where the money is going is the problem."

Amadeus!

What would it be like if all the defense against our own forces(al-cia-duh) money was halted and the troops all brought home because the al-CIA-duh rebels were disbanded or even better, brought to international justice and all say, 800-? military bases were closed down for good? Would it be an economic boon to spend all those monies in the USA, instead of overseas? How can anyone not realize that THIS one answer alone is the solution and saving grace for America? All the rest of the talk and jive turkey carp is just that...carp! A sideshow for personal profiteering of the babylonic puppetry.

The real definition of insane is; anyone who supports war and the killing of any human being. Insanity is not knowing this Law and strictly adhering to it.

Tue, 12/17/2013 - 12:59 | 4254295 kurt
kurt's picture

399 to 0 vote 

Up's Military Aid to Israel ----------- Three Billion Dollars

"Now please, please don't crash our economy, please"

Tue, 12/17/2013 - 13:08 | 4254337 Reaper
Reaper's picture

The prodigal spenders' Bacchanalia continues. They're intoxicated with spending. The coming hang-over's fiscal collapse will outlive them.

Tue, 12/17/2013 - 13:20 | 4254378 Fix It Again Timmy
Fix It Again Timmy's picture

Ha, HA - you can always count on CONgress to come across with "tough love"...

Tue, 12/17/2013 - 13:28 | 4254388 marcusfenix
marcusfenix's picture

the word "budget" of course, is used in only the loosest, most abstract sense of the term in human history. common sense, critical thinking, basic math and money management skills were in no way involved in the creation of this not really a budget but we have nothing else to call it...

wait I've got it how about they just call it the "continuous debt generation policy until the whole thing crashes" bill?

to bad though, another budget, debt ceiling, government shutdown battle would have at least provided some entertainment. still I wonder what is stirring in the weeds, that they have stopped pretending to fight leads me to suspect something else is going on.        

Tue, 12/17/2013 - 14:02 | 4254482 joego1
joego1's picture

Hey Bevis lets buy more shit we can blow up. Heh heh heh.

Tue, 12/17/2013 - 14:19 | 4254543 vxpatel
vxpatel's picture

The venn diagram is silly, it fails to show the affects of lobbying.

Tue, 12/17/2013 - 14:24 | 4254564 Van Halen
Van Halen's picture

I can't say it enough. Rand Paul has to publicly declare a plan to cut 1% from every Federal budget AND program. Then stand back and watch all hell break loose. THEN, explain that 1% is ONE CENT of every dollar and let the American people take it from there. I believe it was Ron Paul who first came up with that idea.

Tue, 12/17/2013 - 14:32 | 4254582 vxpatel
vxpatel's picture

how about first reducing military spending before cutting things that have potential benefit to actual humans.

Tue, 12/17/2013 - 16:23 | 4254879 g speed
g speed's picture

and what fucking dept. would you find that under pray tell--the "we're from the gov't and we're here to help you dept.??     "potential benefit" you must be one of those lizard people that looks at things with vertical pupils and sees things now one else can.   lmfao. 

Wed, 12/18/2013 - 10:20 | 4256885 vxpatel
vxpatel's picture

c,mon, spare a man his fairytales! gov't is good /sarc/

Wed, 12/18/2013 - 02:33 | 4256231 The Wedge
The Wedge's picture

 

 

Well I certainly agree we need to cut military spending...intelligently. And of course we can't just start cutting entitlements and they wont no matter what any talking wind bag might say. It's too late for entitlements. Shouldn't have gotten the masses hooked on it to begin with. Depending on medicare/social security to retire on is about the dumbest plan any American could conceive. And too many chose this path either with lack of financial education or circumstances. It was meant to be a safety net for widowers that outlived their retirement money, not a retirement plan.  There are no easy one size fits all solutions. It's a crap sandwich for all of us.

Tue, 12/17/2013 - 15:25 | 4254690 tsuki
tsuki's picture

I read a report from Reuters that the Pentagon cannot account for 6 Trillion of its budget since 2001.  That is not the budget.  That is the part of the budget missing, lost, or whatever.

 

http://www.reuters.com/article/2013/11/18/us-usa-pentagon-waste-specialr...

 

Washington solution:  UP THE BUDGET. 

 

Brilliant. 

Tue, 12/17/2013 - 16:37 | 4254941 Radical Marijuana
Radical Marijuana's picture

Well, tsuki, the American government's budget is like that of a family suffering from a home invasion.

Money is measurement backed by murder. Those who are the best at murder control the money. (Most people deliberately ignore that, but nevertheless, they still necessarily operate within that system, even though they may not directly participate, everything they do depends upon the real history of that system.) It was always the application of the principles and methods of organized crime to create the government in the first place, and then those who actually controlled the government were the best organized gang of criminals. That control had its maximum leverage through the bribery and intimidation of politicians, with assassination of politicians that could not be bribed or intimidated the single most important form of murder, which rippled out to control the monetary and taxation systems.

Those are the circumstances in which it is possible for the Pentagon to lose trillions of dollars. It was no coincidence that the loss of a couple trillion was announced the day before the 9/11/2001 inside job, false flag attack happened. What I wonder about is how far those black budgets really go ??? Of course, I have no first-hand knowledge, and no possible way to confirm or disprove it, however, it is interesting how many different people claim that there are levels of real "government" power and secrecy from which the President is excluded. I suspect that is probably correct. Of course, I think that those systems have basically gone insane now. I no longer believe that anyone fully knows what is happening, nor that there is any group which can control things anymore. Instead, I believe that the systems have spun out of control. The fragmentation caused by the privatization of governmental powers, being distributed through countless corporations, and black and super black budge operations, has resulted in runaway social insanities. ...

I would not be surprised if the guesses at how much money went missing is orders of magnitude too small. I would not be surprised if the black budget military operations have actually done things orders of magnitude greater than what is in the white budgets. It may be that the public budget is merely a false front PR stunt, to cover over the secret private budgets, which are way bigger, and way too crazy to easily comprehend just how crazy they might be.

There are supposed to be thousands of patents which have been classified secret in the interests of psychotic national security. I would expect that those have been secretly developed as much as their real potential would allow them to have been done, in every way possible, although almost all of that was kept secret, so much so that there is NOBODY with enough "need to know" that fully knows what is going on!

Tue, 12/17/2013 - 20:38 | 4255467 layman_please
layman_please's picture

What is essential for the black budgets is the status of world reserve currency. This is something that is often overlooked while it's actually one of the biggest advantages of wrc. Not only will it easily sustain the biggest army in the world, and can be printed ad infinitum as it gets diluted, but it also makes it possible to covertly sculpt policy or arrange coups in any region on the globe as long everybody accepts dollars. Because nobody can audit the Fed the flow of money is pretty much untracable as both its source and destination are of the books. So we also have shadow QE to consider in our equations. And I assume the black budgets of intelligence agencies are no smaller than that of pentagon though some of it sources can be different(drug trafficking).

Tue, 12/17/2013 - 16:20 | 4254858 Radical Marijuana
Radical Marijuana's picture

http://www.youtube.com/watch_popup?v=J6TcpfBHlbs

Obama Budget Plan implemented by an American family.

Wed, 12/18/2013 - 01:44 | 4256158 The Heart
The Heart's picture

http://www.youtube.com/watch_popup?v=J6TcpfBHlbs

"Obama Budget Plan implemented by an American family."

Awesome! Good ol Ray.

Thank you for finely playing through, sir.

Wed, 12/18/2013 - 00:34 | 4256042 q99x2
q99x2's picture

Momentum is accelerating.

I wonder if counterfeiting by the Central Banks on a National basis is any concern to any of the Central Banks? Because now there is clear evidence that many national central banks are counterfeiting at intentionally greater rates than others. 

Wed, 12/18/2013 - 00:44 | 4256057 The Heart
The Heart's picture

Hummm...how can context be a synonym of contraction?

http://www.veteransnewsnow.com/2013/12/17/swell-of-boycotts-driving-isra...

So, does this mean that the babylonian govt will stop farming out all the defense industry contracts to isreal?

 

Wed, 12/18/2013 - 00:57 | 4256074 ebworthen
ebworthen's picture

Paul Ryan is a great big pussy.

I love a good Pussy, but not in a supposed Statesman.

A Statesman who is a Pussy is worth less than a sick chicken to a hungry family.

Wed, 12/18/2013 - 01:17 | 4256112 Hubbs
Hubbs's picture

Looks like a sudden change of heart by both parties. Parabellum. Now the only question is, war against the US citizens or against the rest of the world?

Wed, 12/18/2013 - 01:25 | 4256125 TahoeBilly2012
TahoeBilly2012's picture

Both!

Wed, 12/18/2013 - 01:48 | 4256159 The Heart
The Heart's picture

"Both!"

Ding...ding...ding...we have a winner here folks!

Wed, 12/18/2013 - 01:22 | 4256124 TahoeBilly2012
TahoeBilly2012's picture

Until there is serious defunding of the NSA and the military the writing is on the wall. The race if on for New World Order as per the Protocols of Zion. Sorry, but it's that simple. It's all social engineering nothing to do with monetary anything.

Wed, 12/18/2013 - 02:21 | 4256208 Decimus Lunius ...
Decimus Lunius Luvenalis's picture

And this is why limited government is the best policy: every single one of those fucksticks don't have a single clue how to run any department they oversee.  Their only qualification is that they convince a majority of their district to vote for them.  They spend the most of their time fundraising, fundraising, campaigining, and fundraising so when do you think they gained the understanding of insurance.  Did they suddenly gain the insight of an actuary upon becoming a congressman?  They're fucking shills.  If I were to wake up tomorrow to learn that every single legislative member had been guillotined, my day wouldn't be all that differernt.

Wed, 12/18/2013 - 09:03 | 4256605 sbenard
sbenard's picture

That cartoon is the best and most true one I've seen in a very long time!

Wed, 12/18/2013 - 14:03 | 4257698 novictim
novictim's picture

Cartoon fails!  

The debt  and deficit must always be put in context with the GDP.  This cartoon fails to appreciate that.

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