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Boehner On Debt Ceiling Deal: Process "Stinks" But Alternative Was Default
When we presented America's new debt ceiling of $19.6 trillion lasting through March 2017 last week...
... some took offense saying a debt ceiling deal is nowhere near done, and that the conservatives would at least put up a token fight. A few days later, the deal is virtually complete, the Freedom Caucus has been isolated, Paul Ryan never even got his hands dirty, and Boehner has caved one last time corporate/democratic prerogatives, precisely as we said would happen.
Yes, the republicans will pretend to demand concessions, such as a balanced budet and other "sound money" conditions but they won't get them because the corporations pulling the strings of every D.C. politicians are the biggest beneficiaries from US debt-funded largesse, especially if one throws in the occasional contained or not so contained war.
This means another victory for the Demorats who have required a "clean" debt raise. This is precisely what they will get, and why it will have to take place under John Boehner as Paul Ryan would surely tarnish his reputation with the Freedom Caucus if his first act is one seen as submission to the left.
Which means that the only certain outcome from the melodramatic debt ceiling fight over the next several days, is the following: the US is about to have a brand spanking new debt ceiling, one that should last it until March of 2017: $19,600,000,000,000.
Today, as expected, we got the deal under precisely the conditions we envisioned. The WSJ reported:
The White House and congressional leaders reached a tentative deal Monday on a two-year budget plan that also would raise the federal debt limit.
If approved by Congress, the broad pact would allow House Speaker John Boehner (R., Ohio) to resolve two of the thorniest fiscal hurdles before he resigns later this week. If it fails, it could leave the U.S. government a week away from potentially being unable to pay all its bills.
The plan is designed to remove the risk that the government might default and diminish the prospect of a partial government shutdown in December. It would suspend the debt limit through mid-March 2017 and boost spending by $80 billion through September 2017. Lawmakers still would need to pass detailed spending bills by December, likely in one combined measure.
For it to pass the House, the pact will need to quickly win backing from most Democrats and at least a few dozen Republicans who have frequently balked at spending and debt-ceiling bills they say don’t do enough to shrink the budget deficit.
In other words, a "deal" that the majority of the GOP will likely reject, and one which Boehner will ram down the public of the republican party just because.
The deal, which further includes the selling of 58 million barrels of oil from the US SPR for no clear reason - such a sale will only generate $2.5 billion in proceeds - will pass. After all, Congress' personal financial backers, US corporations and Wall Street demand it.
Which leaves us only with the post-mortem soundbites, such as this one moments from from John Boehner.
- BOEHNER SAYS AGREES WITH RYAN THAT PROCESS THAT PRODUCED BUDGET DEAL "STINKS"; BUT ALTERNATIVE WAS CLEAN DEBT CEILING HIKE OR DEFAULT
- BOEHNER SAYS THERE IS NO REASON WHY ANY REPUBLICAN MEMBERS OF CONGRESS SHOULD VOTE AGAINST BUDGET DEAL
And as Boehner's last act, he now has the honor of telling the US public that its latest and greatest debt target has just been increased to just shy of $20 trillion, a number that will be reached in about 14-16 months (depending on how many more wars the US will start in the interim). Because when it comes to spending like drunken sailors, there really is zero difference between republicans and democrats.
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And as we inch closer to destroying our currency, of course gold gets slammed at 8AM EST.
Oh, Boehner agrees with Ryan? I am so surprised that Boehner's clone agrees with him.
They know the system is fucked. Debt has to increase. Private debt creation is dead, government has to step in.
pods
Some one ought to put together a "Bohner was wrong" video highlighting all the times he cave on the debt, and how 'next time' they'd stick to their guns. What a fucking pussy.
I recall there is a word for those functions where the curve gets steeper and steeper.
Extravagant? No.
Extraordinary? No.
Exceptional? No.
Exponential! That is it.
Alternative Was Default
Maybe just spend less money?
But then none of these retarded criminals would ever get elected, if they couldn't buy votes with deficit spending.
Boehner is a bitch because its obvious he has no fucking balls at all.
They just don't want to admit the dirty little secrete to the people that you can't increase the money supply without increasing the National Debt.
Fuck you Boehner. The alternative is to man up and adopt a responsible fiscal policy.
Anybody think we should't fight the Congress's way of doing things? Just keep raising your debt ceiling, borrow more and more for tangible items, knowing that eventually you will default along with the CONgress?
They used to say, "Don't fight the Fed."
"The process stinks"..
OK . get your orange ass out and it will smell a bit better.
No. A bigger asshole will replace him. You can be assured of that. And the stench will become even more overwhelming.
CONgress is a sewer and a cesspool. Sorry. Truly there is no hope whatsoever emanating from that hellish pit of perdition.
It will NEVER...NEVER...NEVER smell any better. (I rarely use the words NEVER or ALWAYS. This is an exceptional happenstance as it is appropriate.)
Licking Obama's balls is one of my favorite things to do, but the alternative was growing a spine. I spent many nights crying over this.
-John Boehner
Boehner is a punk ass creepy bitch who plays golf with faggot Obama as they both suck dicks on the 19th green.
That's the point! Get the RINO's OUT!
BOEHNER SAYS THERE IS NO REASON WHY ANY REPUBLICAN MEMBERS OF CONGRESS SHOULD VOTE AGAINST BUDGET DEAL...
If Moslem Obama, Dems, & other RINO's like it, THAT's Reason enough to VOTE AGAINST IT! Traitourous A**hole Establichment pukes! Yes that's how I really feel.
As you write about your "feelings" then you must also be a RINO, that which you purport to despise.
There is no difference whatsoever between the Republicans and Democrats.
The alternative is not default. That is a lie. There is plenty of tax revenues to fund debt service, and that is constitutionally required to be paid.
The cuts would have to come from anywhere else in the federal budget but NOT from debt service payments.
If Boehner actually beleives this he should be removed from office immediately as incompetent. If he is lying he should simply be lined up at the guillotine like the rest of the fearmongering totalitarian shills.
"Some one ought to put together a "Bohner was wrong" video highlighting all the times he cave on the debt, and how 'next time' they'd stick to their guns.."
To paraphase Hilary (despite how much I loath her): What difference does it make at this point? They could never pay the debt off when it was $10 Trillion (or about $70T with unfunded liabilities) or even less debt much earlier. The US was already F*CKED at $10 Trillion, going deeper in the hole does not make an difference. The outcome is no different, its just post-poned.
The question is how far can this party last. Obviosly it will continue to at least $20 Trillion, but can they con the world at $25T or perhaps even beyond $30T?
Oh as far as "stick to thier guns", isn't there gun control laws for that? /sarc-humor
The key question for me is why are we selling oil (at a loss) from the SDR? Why is it in the US interest to keep driving down the cost of oil worldwide and why do they attached this to the ceiling issue?
And weren't these measures typically for 6-12 months? This one goes to March of 2017. Something is rotten in Denmark. There's some shifty shit going on here.
yes, something is rotten in Denmark. Danish gov is bloody serious about getting rid of cash
the best theory I heard up to now is that the oil price is driven by three parties, which makes any agreement way more difficult, including with free-market methods
the ME production has one cost, the Russian production has a different one and the American has a third one. and so we have a currently unsolvable oil price "war" paired with a market-share "war"
The sale of oil out of the SPR isn't going to happen until 2018. If it even happens at all. So whether or not it "gets sold at a loss" is unknown at this point.
Wow, this debt is completely unfixable. Whenever this shitshow ends, it is gonna be messy and ugly.
Way past the point of being funny anymore.
Maverick
Nothing that cements a friendship like debt and more debt with no way of ever repaying it.
Exactly.
Say...while we are on the topic. What comes after 'Trillion'???
Phyzz.
I'm going to be really bummed when it gets to 20 trillion. It's just much harder to say...the Tw sound and Tr sound consecutively. Like shoulder surgery. Other than that reason, could not care less. We have been doomed for quite some time. This is just pantomime now.
"no way of ever repaying it." That's mostly true. We COULD find a way to repay it if there was any interest or will in doing so, but there is none. At some point, people are going to question why they even should pay taxes anymore. It's the Greecification of the US: you pretent to exhibit fiscal prudence and we pretend to fund it.
The news I have read on the US gov's balance sheet is that there are 3 Trillion in hard assets. The only way to pretend we are solvent is to NPV the cash flow from tax receipts. Granted, that is an ass-pile of money but it ain't like holding title to 'stuff'.
Was less graft and gifts for me and all the nice cronies who feed at the trough of your money.
There, fixed it for ya, Johnnie. Now, go have a nice tall bourbon before lunch.
FORWARD SOVIET SKUNKS!
The alternative was balancing the budget.
Neither side has the stones to do that especially with the current POTUS who could give a fuck about this or future generation.
If the budget was balanced, the system would implode.
That is the dirty little secret that nobody wants to talk about.
Private debt creation cannot keep up with the need. Hence governemnt must add to it.
Exponentially.
pods
can you prove that? can you find corroborating evidence? no offense meant, and I don't want to call bullshit, it's mean, but I smell... propaganda
I point my little finger to the whole historical periods of gold standards. or to our eurozone sovereigns that find it hard to balance budgets, but nevertheless are nearly there
"but nevertheless are nearly there"
Only by the grace of artificially surpressed interest rates.
sure, it helps, but the whole damn Q€ helps even more
and, as a reminder, we eurozoners do not dare to go outside the track beaten by the FED, not yet, at least. we got burned too much last time the Corzines and Squids smelled an opportunity to flood us with dollars seeking rate differentials. so no rate increases until Yellen dares to leave this twilight zone we currently are in
but one little dirty open secret about sovereigns is that there is a pact among them: they are not to be fleeced more then 25% of their budget for debt service
so every finance minister of this world has at least 75% of the budget under his control. and every CFO of this world would know how to slash unnecessary expenses
there is a difference between spending a bit more and a whole bit more. If I can agree to a damn 2% price increase target I can agree to a damn 2% budget deficit, for example
The vast majority of our "money" supply comes through the creations of new loans.
To pay off these new loans, you need to pay P+I, whereas only P was created.
So to pay off P+I you must either work longer/harder, velocity of money must increase, or additional money must be created to dilute the value of it to allow the interest to be paid.
It sounds very complicated but it is a simple exponential function.
Here is a good video (Money as Debt) (Edit: Go to the 24 min mark where they talk about the nature of the function if you don't have time)
https://www.youtube.com/watch?v=jqvKjsIxT_8
Look up "The Mandrake Mechanism" as well.
http://www.heretical.com/miscella/mandrake.html
A snippet:
There is lots of information out there if you look.
pods
THE RIGHT TO ISSUE CREDIT MONEY.
I have seen the future, and it is 6 billion+ people screaming "I have the right to issue credit money".
Whats good for the goose, is good for the gander.
Read "The Creature From Jekyll Island," the reason the Govt must continue to print is in there.
If the budget was balanced, the system would implode.
Plus...TPTB always has to leave the possibilty of having to raise taxes on the table, keeping the argument of fair share going, which keeps the people in a perpetual divide-and-conquer status. Crises create more power for these assholes. Same as it ever was.
Balanced Budget? That means congress raises taxes to match what they want to spend. We need budget control.
Washington will get the money they want to spend either through raising the debt ceiling or collecting more taxes. They prefer to increase the national debt as it pisses off fewer voters.
Slow down, you're starting to sound like a crazy person.
Mmm, crazy pills (munch, munch, munch...)
Can you *imagine* what this chart will look like after 8 years of Bernie Sanders?
ever the optimist ;D ;D are you sure we'll be here in 8 years ?
How much do you think the MIC would allow Mr.Sanders to decrease, for a year at least, their budget(s), maybe 50B across the board? Or 5? 1?
Fiat was dead at it's inception, by definition. The only question is how long it takes the fools to realize that it's not money but debt.
Why it is not clear to Congress/President that debt which is destroying much of the economy is not equally destroying our country?
They work for bankers and bankers loved debt.
A credit is a debt for any individual or business.
A credit is an asset for any bank.
Should tell you just about everything about our system, and why the interests of the people are diametrically opposite to those of the bankstas.
Oh, its quite clear to them, But what can they do with this Zombie country but pick the bones?
FORWARD SOVIET!
Since i double tapped:
America should not mislead the world in a belief that debt, more debt, is the path to nation building.
If we want to lead we lead by example, implying a good example.
If I have been fooled and American influence is actually a bankers influence then disregard my naive thoughts.
Oh it is clear to them, it's part of the plan. To quote Mr. Spock "He knows Doctor, He knows."
Farce to be continued...
nicely written:
increasing debt level lowers the risk of default!
"BUT ALTERNATIVE WAS CLEAN DEBT CEILING HIKE OR DEFAULT"
How about a BALANCED BUDGET?
How about INCREASING TAXES TO COVER SPENDING?
How about CUTTING CORPORATE WELFARE?
Fucking assholes!
"Fiscal Conservatives" my ass!
https://thinkpatriot.wordpress.com/2015/10/27/ignoring-the-absolutely-in...
There isn't much more road to kick the can down.
Again I propose that we all hold our Congress-critter hostage for peace. If the US starts a war, it should be the sign to hang them all, alive or dead.
We have tried every other way of getting their attention.
If someone starts a White House petition to this effect, there would be many signatures.
I hope he drowns in his tears, or at least the first water hazard he encounters.
And the Road to Greece continues.
All hail Paul Ryanopolis!
The only congressman in history ever deemed more worthy than Thomas Jefferson.
Ryan doesn't have to follow any rules....and he doesn't work weekends.
The only thing that stinks is that festering mass of humanity (and i use that term lightly) inside the capitol building in Washington DC. Logic like that is why Boehner's outta there and why everyone hates policiticans. Politicians are so busy trying to keep thair jobs they no longer know how to do their jobs. In Washington DC the meme is political expedience trumps doing the right thing each and every time.
Politicians know exactly how to do their jobs. Their job is to do whatever the highest bidder wants them to do, and then lie to the voter that elected them about why they did it. A very simple and lucrative job for a sociopath.
Paul Eberhart doesn't think it is wise to pay debt with more debt. We should pay...ah, nevermind
Like the masses in this country give a shit. Now who is playing who this weekend in football?
Of course, debt slaves don't care.
It's the wildcats v the wildcats.
seems like they have a little bit of a discipline problem over in Shelbyville...
maybe that's why we beat them in football nearly half the time...
Fucking useless corrupt drunk overtanned FUCKING ASSHOLE.
I think maybe you could squeeze another "fucking" in there please?
Boehner has nothing to fear, but his grandkids will be cleaning latrines and crawling over garbage dumps to find their next meal. They'll be paying for his stupidity and greed and won't be able to afford anything else. What fucking cowards these politicians are.
I am hopeful that my grandkids will kick the living shit out of his piece of shit progeny every time the opportunity presents itself...
Sadly, his grandkiids will be living in luxury. Boehner will be showered with speaking fees the second he leaves Congress as this seem to be the legal paoff for these criminals.
Someday, somebody might be EATING his grandkids thanks to his work.
pods
Boehner's Son-in-Law is a Rastamon
http://mpcdot.com/forums/topic/6981-house-speaker-boehners-future-son-in...
Bankrupt.
If the curtain lifts on the indirect monetization players the FRN USD is toast.
The Cheeto will weep bittersweet tears, knowing that he'll have sold out his country one last time on his way to his great reward - a sweet lobbying gig.
At least Obama gets 40 billion of that for discretionary spending this year. Maybe he will pay off Sharptons taxes
Boner should resign and turn it over to someone with Balls who actually represents Republican voters.
There once was a weepy Cheeto,
Accustomed to graft and theft.
On the day of his comeuppance,
He deftly exited stage left.
When the American people cried,
“You’ve left us naught but woe”.
He said “Go fuck yourself America,
I’m off to K Street for hookers and blow.”
Lmao, I'm using this one!
+100 Bravo!
One wimpy piece of shit being replaced by a non-wimpy piece of shit.
Politics is the art of getting people to stand still for the stupid shit oligarchs do.
They need to hire better politicians because this shit show has officially sunk below the standards of the most rudimentary puppet shows.
20,000,000,000,000 and Obama gets rewarded with 40 billion to spend as he wants.
Economy must be doing well. Supposedly taxes at all time HIGHS. Hard to believe given the employment rate, wages and corp earnings.
what I seriously still don't understand about American politics is this:
the same people and political forces that ask for a debt ceiling (did any other country of the world ever put it in those terms?) to stay there ought actually also combat the reasons number one and two for budget deficits, which are the only and undisputed reason for any raising of the debt ceiling
oh, I just checked again what reason number one and two are. I completely forgot that it's the peculiar pets of the two parties in power. never mind
It is isn't about politics Ghordo, it's about counterfeiting via the printing press of the FED. The debt ceiling has been raised over 80 times since the 1940's. The only difference recently is that the debt increases have gone expotential.
I beg to differ. balancing a budget is balancing a budget. either you do that or you don't. sure, ever increasing amounts of fiat make it harder. but not that much
but then, have a look at the military budget: as big as the whole rest of the world taken together. plenty of opportunity to spend less... if the political will was there
it is all about politics. including the warm fuzzy feeling that even some American girls get when they think that they are protected by the mightiest armed forces of the world
where you around in the year 1968 to 1971? how did it look, then?
Yes, I was around for LBJ's "Guns n Butter" policy (Vietnam and civil rights legislation), the killings of MLK and RFK and Nixon's ending of the gold link in 1971. It was an ugly time in American history. The US has never balanced a budget in the last 40 to 50 years including Clinton's false "surplus". The national debt is pushing $20T now and the unfunded liabilities are now over $200 trillion.
It is a Ponzi Ghordo (USD/UST). There is no political will to change anything. It will only end in default.
But hey! Good news. The gubmint is going to award the contract for the new stealth bomber tonight when the markets close to either LM/Boeing or Northrop Grumman. $550 million per plane....and I'm sure they will stick to that price. No cost overruns, surely not.
So at least we got that going for us. Got to have bitchin toys for the next 2 decades of WAR.
Both parties are pro debt but it's the guy who is elected that makes the most money from the lobbyist groups.
So the party that isn't elected needs to discredit the other party to make a shot at the number one postion in the fraud game.
And you do that by selling crap and bullshit to the lemmings who eventually pay for their crap.
Only in Washington DC does anyone believe that adding more debt will help reduce future debt. They should all be drawn and quartered in the public square.....and failing that, we the people MUST enact term limitations for these scum bags.
Fck John Boehner, Fck Mitch McConnell, Fck Harry Rei, Fck Nancy pelosi, Fck Barack Hussein Obama, Fck Paul Ryan.....Fck em ALL.......536 of them need to go...banished for life or life in prison....but GO
Fuck'en buffoon, to think we the people actually fund this POS cushy job, cushy retirement package and Cadillac healthcare plan...
However the PORN industry has been revalued higher to 1 trillion raising GDP to over 18 trillion making the new debt ceiling reasonable.
Next election will just see more politicians re-upped for continuation of the same ole' shit.
The process stinks? You are the process Mr. Bonier.
Have to wonder what company he will be lobbying for to further destroy America?
There is an opening at Dennis Hasterts K-Street firm ... Think of all the things a guy could do with all those millions of dollars of tax free contributions. Paying down the debt via taxation is for the slaves ...
I would rather have DEFAULT!
Why must the US government survive at all costs? A free people can easily govern themselves locally if needed.
The only thing that will ever change this is campaign finance reform that reigns in the masters.....so what's the chance of that?
Nothing will change until Americans openly unite and protest our Govt. All these venting discussion sites change nothing just like voting. Key Pad Protests do nothing.
at least Trump will know how to default our way to profit....he has screwwed lots of bankers over the years!
/over the top sarc: Seemed like things ran better when we had Dennis Hastert (pedophile), Newt Gingrich (womanizer who impeached bubba for same), Tip O'Neil (alcoholic with tingling legs for Chris Matthews) as the Speakers of the House of the United States of 'Murica ... passing laws and "stuff"
/over the top sarc.
They punted again. Children 3 generations unborn can pay for this stuff 'cause us old people are not smart enough to figure it out.
You're a politician and a lawyer. Each day, you have a choice: Lie for personal gain and professional success or ruin your sleazy image for the good of the people. What to do...
Well done. Perfect explanation of the internalization of the adversarial system they burn into their brains in law school. Put another way: It does not matter what the fight is about. It does not matter who is fighting (their own cognitive dissonance in your example.) It does not matter what the outcome is. All that matters is that actions born in conflict are best actions.
We now return you to your regularly scheduled bread and circuses.
Very nice.
Debate club is cheap.
An exercise in cognitive dissonance.
Our government and Status Quo minions share a delusion that their salaries depend upon, a reliable filter protecting them from the consequences of reality, at least until the cliff.
From the outside, they have absolutely no grasp of reality, no ability to predict the future. Military stocks are still high. Get your mind around that.
https://thinkpatriot.wordpress.com/2015/10/27/military-priorities/
TREASON
If anyone looks at that chart of the debt they ought to be asking themselves:
"Why didn't each of us get a stimulus check for $3 Million tax free?"
boner is honking on barry's boner too much - more debt gives fodder to the MSM to pump barry as an economic wizard, when in fact barry is activist lawyer psychopath fuck!!!
Ryan is Boehner's right hand man.
that debt is relatively flat right up to 1974...
Hocus pocus!
Et voila, the 'group of ten' give you the Basel Committee.
No, the debt was rising at a reckless level more than a decade prior to 1974 on a relative basis ... it just looks flat since the y-axis range is so much larger today.
Not according to the group of ten charts I'm looking at... debt growth ten years before was peanuts relative to ten years after.
Eg. In '56,'57, '60 and '69 (which I believe more or less falls within your chosen timeframe) the US ran surpluses, but after '74 it was a quarter century before another one showed up (and not really even then; all told). Not to mention every one but one of those deficits were in the hundreds of billions, not tens of.
McGeer's monetary policy served frugal nations adequately for ~7 decades prior to 1974. Sovereign nations.
You seem to be parroting the rationalization that the Basel Committee employed to discourage,
"borrowing from a nation’s own central bank interest-free and encourage(d) borrowing from private creditors, all in the name of “maintaining the stability of the currency(Ed. Epic Fail)"... The difference is simply that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons the interest into its capital account, to be re-invested at further interest, progressively drawing money out of the productive economy." -E Brown
Just highlighting some highly improbable 'coincidences'
Question for the group:
What is a 'Conservative'...?
What is a 'Liberal'...?
Funny what age does to (some) people. My aging parents, bless their hearts, come from a different time, when there were clear(er) dividing lines, and a sense of right & wrong. They still think that way...
Treason.
this whole debt fueled fractional reseve lending scam is unethical and immoral. how these people can sleep at night tells you everything you need to know about where their hearts are.
DC is populated by soulless husks.
Now eat/drink your radiation/pesticide/voc food and water and watch your childrens chances...
never mind
World still takes our Dollars so WHY NOT
There ya go. The nations of the world could stop this in a heartbeat,,, BUT their printing too! OMG
Oh, the fools we comically call leaders...
And even worse,,, our willingness to die for their ignorant bellicosity
Let's just get it over with and make it an even godzillion....
Instead of numbers, which are hard to comprehend when the get too big, we should switch to symbols when it comes to Government deficit spending...our debt limit should be the infinity symbol.
And with that he fades into retirement with money coming in from six different ways. "It was a rough life (cried Boehner) but someone had to do it."
To quote the great General Buck Turgeson, "What a load of Commie bull!"
What's so bad about default? It is not like we haven't done it before
Boehner is an imbecile. At this point I would default and take the pain because it only gets worse. Anyone reading ZH knows the next step in debt increase is increase in taxes to pay for this debacle. Then the increase in taxes shuts down the GDP. So there are fewer jobs because of the government is sucking up resources. The only ones happy are the illegal aliens who are joyous their standard of living has risen 1000% and those on wall street because the next idiot Central Bank QE is put in place to revive the economy that crashes caused by the debt and tax increases but pumps up the .1%…then eventually we get to be Greece… just can’t wait….
20 TRILLION or BUST.
"BOEHNER SAYS AGREES WITH RYAN THAT PROCESS THAT PRODUCED BUDGET DEAL "STINKS"; BUT ALTERNATIVE WAS CLEAN DEBT CEILING HIKE OR DEFAULT"
The government takes in enough in taxes to pay debt obligations, without raising the debt ceiling.
Boehner is lying.
Why is this maroon still in the news, didn't he promise to go away?
all these MF criminals need to be guillotined & quickly. Another 3.8 trillion debt on top of 19 trillion. Spend baby spend
How come foreigners are still buying US Treasuries? How long can this go on?
WW3 or Barter Town. Take your pick.
$20T is too small... should make it $200T and fughetaboutit (for about 3yrs).
If they can do that, there is no need for the government to collect tax revenues.
Just increase the debt ceiling by an additonal 3 or 4 trillion each hear.
Hell yeah!! I mean the solution is so obvious!!
The Federal reserve should just cancel the debt it buys. They already pay back all the interest on it to the Treasury. This dog and pony show is ridiculous. The USD strength is maintained via market manipulation, not deamdn from tax dollars, our military, or use. People say the gold standard was stupid. FFS. Look at what replaced it. A kick the shit out the economy for no reason standard. We should not even be paying taxes at all.
They need our military (NATO), so that they CAN manipulate...television, pharma drugs, skools and universities are also in their arsonal to dumb down the people...seems they have it all covered..
This stinks, it all stinks, it has stunk for decades and it will continue to STINK! What to do? Every November, I do not pay any attention to all the campaign BULLSHIT - I simply walk into the voting booth and DO NOT VOTE FOR any incumbent....Everybody in America bitches but come election time, 90-95% of the retarded, decrepit morons get REELECTED! You think you are sending a message by saying, "I'll have another Incumbent, sir!" More Incumbents, PLEASE!!!....
https://www.youtube.com/watch?v=opiMvgp5Efo
speaking of incumbents--i agree. the one House Member representing me is a Republican suburban housewife who couldn't even bother picking up a phone to help me with an issue or even write a letter. Totally useless. I can't wait until I can vote her out, good or bad opponent.
They ALL stink. Incumbent or not. I would never waste my time to "vote" for any of these sociopaths. I choose to not give ANY consent to this system from hell.
The debt is never going to be repaid - ever. Part of it will be, sure, probably in the form of {illegally} US government {inc.} owned {public} land given to the fed's euro bankster dynasty owners or some such...
This dicking around is just about keeping the war machine going, and since we've been playing offense nowhere near our own field for decades - all in all, default would have been the patriotic thing to do.
Fucking weepy cheese wheel - go have a smoke and a wank and come back when your ghost writer finishes your autobio.
Nobody gets bailed out in a barter system.
PLEASE PAY ATTENTION!!!
Boehner just admitted that Federal spending, and hence debt, are not discretionary decisions made by duly authorised elected representatives, but a structural issue determined by compounding calculus math, decided by unelected bankers by way of FRN structural decisions, only a handful of which are in any way associated with the US govt, and many of whom are not US persons at all.
They have to raise the debt ceiling because the debt-based design of the dollar requires an eternally growing number of dollars which must draw on debt as collateral the same way your debit card draws on a bank deposit.
Get it?
Debt growth has nothing to do with public needs desires or policies, but is an artifact of debt-based fiat currency.
They litterally have to find things to spend it on.
Its a shame it all went to corruption,hookers and blow.
I see you problem. Your "attention" is focused on maths.
The boner is using common core, which, based on my granddaughters 9 function problem to subtract 9 from 10, I never did figure out, even with the template. In my defense I only have 2 hands.
Buckling Boehner is a bold-faced liar!
Saying that we have to incur MORE debt in order to pay existing debt is like saying that someone can't pay their current credit card bill without an increase in their credit limit. It's absurdly false on the face of it!
Boehner is a primo prevaricator, just like the current US President!
You had me at "saying" because I could visualize his lips moving. Ipso facto ergo and or E Plurus Un unum.
Well, that ought to last until at least December.
Amusing how the dept clocks that can be googled no longer have archives.
Nothing changes until elected political figures can be held accountable for their actions.
Oh, that's right. Every decision is binary. It's always either THIS or THAT. These guys have zero imagination or ability to craft unique solutions. Just like Barry always spouting: either MY Iran agreement or war. Fucking tools.
19,600,000,000,000 Tears - Question Mark and the Republicrats
Way past time to clean out every single politician and judge, and probably most of the govt management. What's wrong with "us"?
I did hear about a study that makes sense to me, 1 out of 3 Hillairy supporters are as stupid as the other two....