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Alan Simpson Confirms Reality: "All The Things You Love Will Not Come To Pass"

Tyler Durden's picture





 

Conjuring images of Jack Nicholson in 'A Few Good Men', Alan Simpson laid out the sad and terrible truth that none of us or our politicians can handle in a very direct and sincere interview with Bloomberg TV's Deirdre Bolton. "Medicare costs stand to squeeze out the rest of domestic government spending," Simpson said, "it is on automatic pilot. It will use up every resource in the government." Simpson also said that the current path of debt, deficit and interest is “totally unsustainable” confirming once again the facade that his 18 years in Washington proved to him that he "never saw any projection of any economist ever come true." From Paul Ryan's plan to the 'simple math' of CBO budget projections, and whether older Americans should be afraid, Simpson pulls no punches as he sums up American society thus: "we don't care about our money, all we want is more money for our money."

 

 

Simpson on Paul Ryan and whether older Americans should be worried about his plan to rework Medicare:

"Don't worry about that generation. Worry about yours. Let's get serious here. These old cats are taking care of themselves. Nothing that has ever been suggested here, whether it is Simpson-Bowles or the gang of six or the gang of eight has a thing to do with butchering up old people at this time. You either get on a path of solvency. I mean, what is the purpose of this whining and moaning about social security where if you do nothing, you will wobble up to the window to get your check in 2033 and it will be 23% less. Medicare is on automatic pilot. It has no cost containment procedures in it until about 10-years out and then we’ll ignore them. Anybody with a brain has to figure that you have a situation where 1,000, 10,000 people turning 65. You have obesity. You have one person that weighs more than the other two. You have Diabetes A and B. You’ve got to do something with tort reform. You’ve got to do something with doctors and hospitals. Come on. And the guy who can get an operation to buy your building does not even get a bill for $200,000 with a heart operation. Let’s get serious."

On those who say that Ryan’s plan will trickle down and hurt the people that will need support the most.

"If they read the report that was signed on to by five Democrats, five Republicans, one Independent, 11 of the 18 of us, 60%, which Durbin said, ‘I do not like this at all. I hate it like the devil hates holy water.’ Let me tell you, ladies and gentlemen. Either you start to do something now, or pay me now or pay me later. This country is on a trajectory of debt, deficit and interest that is totally unsustainable, unconscionable and totally predictable. If everybody wants to talk about old people and the kiddies and use the stuff that Dave Axelrod will shower on the American people while Obama’s plan, pretty sweet -- have a go at it. It is your country."

On whether Simpson-Bowles accounted for the slowing economy:

"We put in there that we recognize the nature of a fragile recovery. It’s all in there. I always say to people, when everything else fails, read the damn thing. It’s 67 pages in English. It talks about shared sacrifice and skin in the game and going broke. There is no mystery to what it is. Don’t forget, the president asked for $4 trillion. Are they hammering him? No. He said, I want to take $4 trillion in 12 years. Simpson-Bowles wants to do $4 trillion in 10. So grab hold, no specifics at all. The reason they hammer away is because we were solidly specific. We talked about the tax code, which is $1 trillion which is used by only about 10% of the American people. The little guy has never heard of the stuff in there. It goes to the wealthiest people and the smoothest cats that have the best lobbyists to stick it in there with no oversight ever."

On Ryan’s plan and its call for huge cuts on almost every piece of domestic spending:

"If you want to go into that stuff, we will never get anywhere. It does not make any difference. Let me tell you. Medicare is on automatic pilot. It will use up every resource of the government and squeeze out all the things you mentioned. They will be completely squeezed out. The discretionary budget will be borrowed. We are borrowing $3.6 billion per day. For every dollar we spend, we are borrowing 41 cents. We owe $16 trillion and no one understands what that is. If you want to get to the old playbook out and use infrastructure, airplanes and all that stuff, that is great. You will not even see it because of what will happen with Medicare. You will not even perceive it. It will not come to pass. All the things you love will not come to pass."

On the CBO’s budget projections:

"I have always said if you torture statistics long enough they will eventually confess. I was in Washington for 18 years and never saw any projection of any of economist ever come true in 18 years. The next year, greater growth will be this -- never happened. This will happen -- GDP. All you have to do is use the math. We don’t use Powerpoint. We do not use graphs. All use is your head. If you want to go into all of the horror stories using emotion, fear, guilt, racism, class warfare, you can kiss it off. It is your country."

On whether it’s possible to reach a compromise that is good for society:

"I hope so. You see, the thing is, the people that will control this debate do not have anything to do with the things to you and I are talking about right now. The people who will control this are ‘the markets.’ And the markets will say, and they have every reason to say it, the chaos between Election Day on November 6 and December 31 where there will be $5 to $7 trillion washing around ready to go somewhere. If you go too far one way, you end up recession. You have to do some balance and all you have to do is a plan. We have it in legislative language. It is circulating among a very good group of Democrats and Republicans. You do a plan and the markets will lay off of you. If you don't, they will say very simply, ok. We do not care about Republicans. We do not care about Democrats or Obama, or Romney, or Biden, or Ryan. We care about our money and we want more money for our money. And they will ask for more interest. 1% of interest will knock this country on its face. Where is everybody? I mean, it is absolutely nuts. When it happens, interest rates will kick up. The guy who gets hurt the worst -- the little guy. The little guy that everybody talks about day and night. What goofy, goofy hypocrisy."

 


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Mon, 08/13/2012 - 18:33 | Link to Comment SilverTree
SilverTree's picture

I love you Deirdre.

Mon, 08/13/2012 - 18:55 | Link to Comment Silver Bug
Silver Bug's picture

The whole system is coming apart sadly.

 

http://jamesturkblog.blogspot.ca/

Mon, 08/13/2012 - 19:21 | Link to Comment old naughty
old naughty's picture

"You want the truth", America?

"You can't handle the truth."

Mon, 08/13/2012 - 19:31 | Link to Comment economics9698
economics9698's picture

The 2.43 IQ points less bitch has too much makeup on.

Mon, 08/13/2012 - 19:55 | Link to Comment AlaricBalth
AlaricBalth's picture

Even the FRB-St. Louis takes a few barbs at the infamous Congressional Budget Office.
"How Good Are the Governments Deficit and Debt Projections and Should We Care"
http://research.stlouisfed.org/publications/review/12/01/21-40Kliesen.pdf

One chart of note is Figure 5: Government Expenditures as Percent of GDP. Mandatory expenditures have gone vertical.

Mon, 08/13/2012 - 23:42 | Link to Comment Element
Element's picture

Every US budget document produced is a fraud, an obvious wall of lies.

The simple horrific truth is this:  THERE IS NO US BUDGET

They literally don't know and don't even care to know what a 'budget' is, what a budget is used for, why it's necessary to have a real one.  These parasitic clowns in Washington have actually convinced themselves that it doesn't matter if you have no real budget, that it's better to just have a continuum of lies so great, that almost no one would dare to call them on it.

And these "Budget Papers" released every quarter and FY and all that 'planning' and the pseudo-hot 'academic' and political 'discussions' surrounding it, conveyed by the dopey MSM of usual-suspects - these things are only meant to disguise that greater underlaying fact, the USA has no actual functioning budget process today.

It only has an "Office of Budget" that's supposed to manage the public perception of the scale and sheer absurdity of the lie, and to attempt to discourage people looking too closely and finally reeling-back in horror, upon realising that there's no actual budget somewhere in there. There's just these public release documents that purport to represent a real budget.

And that's all that's been happening in Washington, all these years.  This is what trickie-dickie's, "We're all Keynesians now", in combo with fractional-reserve fiat has amounted to.  No real budgeting occurs--nor will occur.

And as we can increasingly see, they're not even any good at hiding it any more, which is what the Office of Budget's actual purpose and area of primary concern and responsibility are.

 
 
Can it get any more pathetic? ... why yes! ... yes it can!!

Tue, 08/14/2012 - 06:48 | Link to Comment Zwelgje
Zwelgje's picture

I wonder if Romney is going to attack Obama on this the coming month.

 

Mon, 08/13/2012 - 19:56 | Link to Comment smlbizman
smlbizman's picture

as a self employed indivual who has about 15% of my labor confiscated for ss..please tell me how this is an entitlement to me....give me my fucking money back and than call it what you want...

Mon, 08/13/2012 - 23:48 | Link to Comment Anusocracy
Anusocracy's picture

Well, the libertarians had a plan to end SS in the early 90s.

They wanted to sell the 1.2 million square miles of land and most of the buildings the federal government 'owns'.

The proceeds would have been used to buy out, set up annuities, or cut free everyone from Social Security.

The benefit would have been more money in workers' pockets and hopefully, smaller government.

 

Mon, 08/13/2012 - 23:51 | Link to Comment dannyboy
dannyboy's picture

Don't worry everyone, Paul Ryan will save you. Here look:

http://www.opensecrets.org/politicians/contrib.php?cycle=2012&cid=N00004...

If you are a lobbyist that is. Backed by the finest corporatists America has to offer. As for everyone else, well.. you can go fuck yourself for all he cares.

Tue, 08/14/2012 - 05:09 | Link to Comment Messianic
Messianic's picture

Because Barack Obama HATES lobbyists and corporatists and really, really cares about the little people. Just like he cared about Indiana pensioners during the GM bankruptcy proceedings.

Tue, 08/14/2012 - 08:20 | Link to Comment GeezerGeek
GeezerGeek's picture

Like you now, I was self-employed from 1991 to 1998. I hated being in the position of immediately giving 43% to the Feds each time I made a dollar (15% FICA, 28% marginal income tax rate). I, too, have wished that I could keep what I earned and take care of myself. The voters never elected people who would let me do as I wished with my earnings.

That said, I am now retired. After nearly 50 years of having my earnings taken from me, I WANT MINE! Work your tail off and keep paying those SS and Medicare taxes so I can go sit on the baech every sunny day.

OK, I'm not really serious about that attitude I put on in the second paragraph. Not totally, anyway. Given ZIRP, however, the SS checks come in handy. I feel bad for all you working folks, really I do. We're all screwed because we're all in the same sinking boat. The only difference is, some of us are in the bow and others are in the stern. It's just a matter of which end sinks first, since only the elite get the life jackets.

 

Mon, 08/13/2012 - 19:21 | Link to Comment Precious
Precious's picture

... and then you die. 

Mon, 08/13/2012 - 19:23 | Link to Comment economics9698
economics9698's picture

How about this economist plan;

1.  Hard money.

2.  100% fractional reserve banking.

3.  Constitutional amendment limiting the federal government to 10% of the GDP.

4.  End all federal entitlement programs.

5.  Establish a nation bank restricted to weights and measures.

Done.

Prosperity never seen in the history of mankind unleashed.

Mon, 08/13/2012 - 20:07 | Link to Comment ForTheWorld
ForTheWorld's picture

Now, when you say "100% fractional reserve banking", do you mean that we ONLY use fractional reserve banking, or are you suggesting that banks cannot loan more than they have in deposits (as opposed to the current 10x or 30x or whatever they currently do), which wouldn't be fractional reserve banking.

I do think your plan would work, but I can't see it working for the current US population, let alone the planet. Also, the prosperity you talk of wouldn't be able to continue for long if the economy still using finite resources.

Mon, 08/13/2012 - 20:15 | Link to Comment economics9698
economics9698's picture

100%^ fractional reserve means the bank cannot loan out money without the depositors consent.  When the depositor consents then the 100 ounces of silver are now available to the borrower to use as desired.

 

http://usa-wethepeople.com/tag/free-gold-standard-100-fractional-reserve-banking-explained-by-gary-north/

Mon, 08/13/2012 - 21:45 | Link to Comment ForTheWorld
ForTheWorld's picture

Oh I get what you're saying. I'd never even considered a situation where borrowers seek permission from depositors. It makes sense in a beautifully simplistic way.

Mon, 08/13/2012 - 22:41 | Link to Comment ForTheWorld
ForTheWorld's picture

I have come across an issue I have with 100% fractional reserve banking using precious metals. It leads me to think that 100% fractional reserve banking isn't possible with precious metals and interest being payable, because of the requirement for the total supply of those metals to constantly increase at a rate that is greater than or equal to the maxiumum interest paid by borrowers. The reason that I say this is because if you're going to pay interest on precious metals in precious metals, then you'll need extra precious metals to do so. Wouldn't paying interest, and subsequently adding to the gold supply, be a form of currency dilution?

This process wouldn't be too dissimilar from what central banks do when they print more money, only they can do it far quicker and with less cost than a metals mine can. This would then make the miners the central banks (seeing as though they produce the metals), and then we're back to square one again with one player, or a few key players controlling supply for the currency (or currencies).

Once all the metals deemed fit for use have been minted, what then happens when more metal is required due to an increasing population? Does the value of each coin (measured by weight I would assume) go up? What about the effect of increasing populations on the money supply?

I also question this:

"...in a free market economy, the production of goods and services constantly increases. This has been the normal situation ever since 1800."

The way I see things, the situation described above cannot continue unabated on a planet of finite resources. The only way this sort of growth could continue is if we started mining asteroids and meteorites for all the metals contained in them. This then would also cause the price of precious metals to drop (although not by a great deal when you factor in the cost of mining asteroids, which would be astronomical).

I read the whole article in the link you posted, and it's certainly good in theory, but I just think that there's some things that haven't been considered (from my point of view of course).

Mon, 08/13/2012 - 23:30 | Link to Comment economics9698
economics9698's picture

 

The purpose of hard money is to restrict the money supply.  The cost of mining gold or silver will be similar to any product in the ground.  If the price of oil is very high oil shale becomes profitable, if not then it is not mined.  Gold would work the same.

The value of the metal would go up and down depending on supply and demand.  When more is needed the price would go up but…

You are missing the most important function of a limited supply of money.

That is the relationship between savers and investor, consumers and capital owners.

With a limited supply when the economy is booming the demand for money increases and more is put in circulation.  With more money in circulation and less in the bank interest rates increase.

This is a signal to capital owners, car companies, mining companies, that now is NOT a good time to build that new plant.  The capital owners will wait for interest rates to come down.

This is vitally important to understand in the efficient allocation of resources between consumers and producers. 

When the economy slows down consumers become fearful and save their money.  With 100% fractional reserve banking they will be willing to lend the money out for a decent 3%, 4% rate of return.

This lowering of the interest rate is a signal to the capital owners that NOW is a good time to invest. 

Can you see how a properly functioning economy would work with metals?

There is a constant allocation of resources between consumers and capital owners.  Savers win under this system and saving for retirement is simple and strait forward.

Prices?

They would go down as long as productivity went up. 

But would not manufacturers not produce with lower prices?

Do computer companies not produce with lower prices?

Producers do not care about prices they care about profits.

Fiat simply allows those receiving the cash first, Wall Street, Washington, to outbid and misallocate resources in their favor.

Fiat also is very cheap to manufacture and the reason we will have this global collapse soon.  Metals make it expensive to manufacture new money and that is what we want.

http://mises.org/books/sound_money_salerno.pdf

 

 

 

Tue, 08/14/2012 - 01:09 | Link to Comment ForTheWorld
ForTheWorld's picture

I do understand most of what you're saying, even about an economy functioning with hard money, and perhaps it's just semantics, but to me, a limited money supply wouldn't have ANY extra money injected into it - thus, there's a limit to it. If you can mine gold and silver, then there's no current, tangible limit to how much can be put into the supply. Thus, there is no current, defineable limit. That's my concern. Then there's what whole tungsten issue. If someone can game the system, they will.

I will read that sound money PDF see what I can learn.

Tue, 08/14/2012 - 05:15 | Link to Comment Central Bankster
Central Bankster's picture

As the economy grows in a rigid money supply system it creates deflation. Ie money buys more goods for cheaper but wages also fall as producers must become leaner to be more profitable. So you are correct about what would happen but are mistaken about the reason. Interest rates signal demand for money in a fixed or rigid money supply economy.

Tue, 08/14/2012 - 00:42 | Link to Comment savagegoose
savagegoose's picture

from what i see on kitco, gold leases for 0.51% a year\

whats a bank account doing.\

http://www.kitco.com/market/LFrate.html

Tue, 08/14/2012 - 01:04 | Link to Comment ForTheWorld
ForTheWorld's picture

In Australia, anywhere from 3.5% up to 6% depending on the bank. I don't know of anywhere in Australia (at the moment) that will provide a return on precious metal leasing.

Tue, 08/14/2012 - 02:43 | Link to Comment savagegoose
savagegoose's picture

yeah im in australia , ubank as a demand deposit account of %5.7 ,  but i was speaking to an american audience, and no if i had enought cash to lease gold, i wouldnt be handing ot over to no stinking bank.

geeze if i lived in america i dunno what i would do.

but the idea of a deposit account attracting 0.2% or gold attracting 0.5%, in an ideal wolrd, the .5% would have my cash

Tue, 08/14/2012 - 02:52 | Link to Comment Dr Benway
Dr Benway's picture

You can get an indirect return (free storage) if you buy unallocated gold at Perth Mint or such.

 

Not that I would do that. If you are going to own gold, why trade away the key advantage of it?

Mon, 08/13/2012 - 23:30 | Link to Comment Turin Turambar
Turin Turambar's picture

It's 100 per cent reserve banking. There is nothing fractional about it! Sheesh, it's not that hard people.

Also, don't forget the genius of Thomas Jefferson. He regretted that the constitution did not have an amendment that prevented the government from borrowing!

Mon, 08/13/2012 - 23:32 | Link to Comment economics9698
economics9698's picture

TJ was right.

Mon, 08/13/2012 - 22:02 | Link to Comment Totentänzerlied
Totentänzerlied's picture

"3.  Constitutional amendment limiting the federal government to 10% of the GDP."

LOL, then they'll just say: "GDP is $100 trillion, what? we're lying? what are YOU gonna do about it?"

We've done or had most of that before - if it had any permanence, would we be here today?

More laws = the ultimate can kick. This is just rolling back the clock to circa 1912. It's a start, but it only took us 100 years to get here from there.

Mon, 08/13/2012 - 23:54 | Link to Comment Anusocracy
Anusocracy's picture

I prefer to restrict government to those who want it.

Let the rest of us be free.

Tue, 08/14/2012 - 01:18 | Link to Comment BooMushroom
BooMushroom's picture

I'd be happy if they would write the budget as percentages of revenues collected the prior month, so long as all the percentages added up to about 95%.

Mon, 08/13/2012 - 23:27 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Your mode of conveyance, take your pick, the Hindenburg or the Titannic.

 

Mon, 08/13/2012 - 19:22 | Link to Comment Daily Bail
Daily Bail's picture

I published an angry letter to Alan Simpson once.

It's not that I don't support massive cuts to spending.  It was more of a timing issue for me.

Profanity warning:

Open Letter To Alan Simpson & Erskine Bowles Chairmen Of The U.S. Deficit Commission
Tue, 08/14/2012 - 00:45 | Link to Comment adeptish
adeptish's picture

Loved the letter, 2 down votes though?

God help us...

Mon, 08/13/2012 - 18:36 | Link to Comment brewing
brewing's picture

simpson-christie 2016.  need two realists to take control...

Mon, 08/13/2012 - 18:55 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Homer Simpson?  Awesome.  Although I think he should run with Dwayne Elizondo Mountain Dew Herbert Comacho.

Mon, 08/13/2012 - 19:04 | Link to Comment brewing
brewing's picture

homer simpson makes the fucks we have to choose from look like moe and curly...

Mon, 08/13/2012 - 19:00 | Link to Comment Hedgetard55
Hedgetard55's picture

Simpson sounds like he has had a stroke. Is that English? Yes his points are valid, but man can he please put two comprehensible sentences together?

Mon, 08/13/2012 - 19:19 | Link to Comment steelhead23
steelhead23's picture

Yeah, Simpson is inarticulate here, but you know, I sense a quiet rage inside the man - outrage actually - that his former colleagues spend more energy, much more energy, politickin than leading the damned country.  Damn, I feel a stroke coming on.

Tue, 08/14/2012 - 09:07 | Link to Comment tbone654
tbone654's picture

Dumb it down for me Alan...  I'm sure he's a very bright man, but his communication style keeps me thinking he's saying something like:  "Do you walk to work, or carry a bag lunch?"

Mon, 08/13/2012 - 18:36 | Link to Comment govttrader
govttrader's picture

well thats 5 minutes of my life i won't be getting back...

http://govttrader.blogspot.com/

Mon, 08/13/2012 - 18:45 | Link to Comment francis_sawyer
francis_sawyer's picture

says the MF who relentlessly shills his own blog on ZH...

Mon, 08/13/2012 - 19:24 | Link to Comment old naughty
old naughty's picture

ZH, A Few Good Men.

Mon, 08/13/2012 - 20:37 | Link to Comment sessinpo
sessinpo's picture

And apparently to all the down arrows, the other part of your life was wasted.

Mon, 08/13/2012 - 18:39 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

buy gold buy platinum,  the dollar is finished,   knock off the euro first,  next month greece gone...

Mon, 08/13/2012 - 18:40 | Link to Comment Catullus
Catullus's picture

Duh.  Price controls on health care with doctors that take state-controlled medical plans.  Duh.

Mon, 08/13/2012 - 18:58 | Link to Comment roadsnbridges
roadsnbridges's picture

Ah, what doctors?  You mean PA's?

Mon, 08/13/2012 - 19:42 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

What's the matter with PA's?  DIL is a PA and that saves me a doctor's visit now and then.  Problem is that I have a good insurance plan so only saving the crooks.  However, it's faster and more convenient than doctor appointment.

Just editing to say that if the pussies in this country would stop running to the doctor every time they get a pain somewhere, they'll find that it usually clears up on it's own.  If it doesn't, you're probably gonna die anyway if you go to a hospital, LOL.

 

Mon, 08/13/2012 - 18:41 | Link to Comment Ponzi_Scheme
Ponzi_Scheme's picture

Does that mean I can get interest on my savings again ?.

Mon, 08/13/2012 - 19:35 | Link to Comment LMAOLORI
LMAOLORI's picture

 

 

Long Cash that day is coming many are probably too young to remember the 20% money market accounts of the 1980's

Mon, 08/13/2012 - 18:43 | Link to Comment Oldballplayer
Oldballplayer's picture

If I had the energy I would look up all of the crap that happened on his watch. He seems like a nice fellow, but he was part of the problem.

Mon, 08/13/2012 - 18:52 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

+1

He was Bob Dole's Whip for many years in the Senate. Simpson is the purest of Establishment Republicans.

Mon, 08/13/2012 - 20:05 | Link to Comment azzhatter
azzhatter's picture

I enjoy listening to Simpson because he can spin a yarn pretty well. He's also been part of the problem for most of his life and now he's gonna tell us how to get out. I don't disagree with his premise, just wonder where this Alan Simpson was 30 years ago?

Tue, 08/14/2012 - 06:14 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

Alan Simpson was right there with the rest of them...selling us down the river.

Now he's a hero.

 

JFC!

Mon, 08/13/2012 - 22:15 | Link to Comment Melin
Melin's picture

 "Shared Sacrifice"

 Looterspeak

Mon, 08/13/2012 - 18:47 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

First things first............end the petrodollar

Mon, 08/13/2012 - 18:49 | Link to Comment spooz
spooz's picture

Ritholtz had an article on the concentration of US health care spending today.  The big driver is end of life care, and, as I said on Ritholtz, as long certain hysterical people scream "death panels" we won't be able to control costs by using evidence based medicine and palliative care instead of costly procedures that have little to no impact on outcomes.

 http://www.ritholtz.com/blog/2012/08/concentration-of-us-health-care-spending/

Mon, 08/13/2012 - 19:54 | Link to Comment WillyGroper
WillyGroper's picture

But for those terminal & ready to exit, assisted suicide is a no no. They have to squeeze every penny out of the system. Then there's those that don't make their wishes known & get caught in the system. 

Mon, 08/13/2012 - 18:52 | Link to Comment caimen garou
caimen garou's picture

We have to to this, we have to do that! there is a lot to do to fix our economy but first someone needs to call a good wrecker service to pull the heads out of the politicans asses!

Mon, 08/13/2012 - 18:53 | Link to Comment darteaus
darteaus's picture

Anyone know when the new Kardashian season starts?

Mon, 08/13/2012 - 19:05 | Link to Comment onelight
onelight's picture

bread, circuses, and bimbos..

Mon, 08/13/2012 - 19:15 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Stop screwin' around, man.

This is serious.

Whitney Houston is STILL dead!

Mon, 08/13/2012 - 19:31 | Link to Comment dolph9
dolph9's picture

I salute Whitney.  She did her thing and then exited, leaving a place for someone else.

Can't say the same for the gluttonous blobs waddling around (and if they can't waddle around, scootering around) everywhere I go, sorry excuses for human beings that think some pills will solve their problems and keep them alive forever so they can keep on stuffing their faces.

Mon, 08/13/2012 - 18:56 | Link to Comment roadsnbridges
roadsnbridges's picture

I don't get it.  Who wants Goobermint?

No downside here.

Mon, 08/13/2012 - 19:02 | Link to Comment j-dub
j-dub's picture

Get with the program, Al.  Foward(tm:Barry Soetoro 2012 'Barack Obama' reelection campaign)!!!  ...............Into the abyss

Mon, 08/13/2012 - 19:02 | Link to Comment msjimmied
msjimmied's picture

Why don't we cut the defense budget to the bone, I don't think the Klingons exist that would want to capture this dump....and eliminate the tax loopholes, cut the cost of healthcare. Get rid of the useless stuff, then we see how much money we really have that can provide for the people. Don't give me the "entitlement" crap, people paid into it. 

Mon, 08/13/2012 - 19:07 | Link to Comment roadsnbridges
roadsnbridges's picture

EPA,DoE, and DOJ cost more.  Why not ditch all 4?

Mon, 08/13/2012 - 20:34 | Link to Comment msjimmied
msjimmied's picture

Were those the three on Perry's list? His programming went on the fritz under the spotlight...not to worry, they found another robot who ran the distance.

Mon, 08/13/2012 - 19:03 | Link to Comment not fat not stupid
not fat not stupid's picture

I'm 60. I need every penny coming this way in the next 10 years. Does that make me a bad person?

Mon, 08/13/2012 - 19:10 | Link to Comment roadsnbridges
roadsnbridges's picture

Depends what union you are/were in.  Why only 10 yrs?

Mon, 08/13/2012 - 19:10 | Link to Comment Uncle Remus
Uncle Remus's picture

Yeah, pretty much. But hey, I feel ya brother.

Mon, 08/13/2012 - 19:16 | Link to Comment roadsnbridges
roadsnbridges's picture

...

Mon, 08/13/2012 - 20:12 | Link to Comment gwar5
gwar5's picture

Yes, absolutely. We need to tax the shit out of people like you so people will think twice before having another birthday.

 

Mon, 08/13/2012 - 21:50 | Link to Comment LoneuhRanger
LoneuhRanger's picture

I'm 55 and have 1.5 mil in liens on my shack. Hello fellow bad person.

Mon, 08/13/2012 - 19:06 | Link to Comment belogical
belogical's picture

 

The thing about Simpson is he wants to tell it like it is, GREAT. How about what in the hell were you doing for 18 freaking years! 

Why didn't you rip people up one side and down the other whne they brought these projections to him. They act like no one saw this and that is complete BS. Anyone with half a brain new they were spending money they didn't have, for pete's sake, how long have the American people been telling the politicians to get things under control and they ignored them. They love to say,"the people won't stand for it". Well the people won't stand for baiing out banks and that did not stop them. These asshole do whatever they want and the rest is a FN excuse

Mon, 08/13/2012 - 20:13 | Link to Comment Gordon Freeman
Gordon Freeman's picture

There are plenty of smart people in politics, including Simpson (and Paul Ryan, BTW). The spending is largely on auto-pilot (as Simpson points out), and so the day-to-day stuff is largely the province of petty party wars.

Any real change, just like any organization, needs to be spearheaded by the executive--'twas ever thus.  It isn't enough to propose--pushback is guaranteed, you can set your clock by it. You must manage, you must execute, you must take the little bit of organizational power granted to you, and leverage it into results.

I know this isn't news, but it is the answer--like it always is.

 

Mon, 08/13/2012 - 21:14 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Paul Ryan is a fascist that wants genocidal austerity implemented on the American public for the sake of the preservation of bankster balance sheets. Here: his financial and ideological backing

Mon, 08/13/2012 - 21:27 | Link to Comment gwar5
gwar5's picture

Ryan's legs are going to get tired trying to keep up with either Obama and Schumer in the fascist department.

 

Both of those two shits could be Usain Bolt in a dash for banker money. Head fascist, Dronebama, is the current world record holder, > $20 million.

 

Mon, 08/13/2012 - 22:13 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Austerity will never happen. Panem et circenses is the order of the day/decade. EBT austerity would make N'Orleans after Katrina look like Disneyland on Father's Day.

Mon, 08/13/2012 - 22:03 | Link to Comment Go Tribe
Go Tribe's picture

Yep. Which is why we need a military coup. There is no better axe man.

Tue, 08/14/2012 - 00:17 | Link to Comment Anusocracy
Anusocracy's picture

What's on autopilot is the GROWTH of government.

The spending is a consequence of that growth.

Mon, 08/13/2012 - 20:43 | Link to Comment sessinpo
sessinpo's picture

Duh,

The money was to good with a government job. You don't bite the hand that feeds you. This is another example of why government can't be trusted and should be downsized to have less power. Mpney does not care which side you are on.

Mon, 08/13/2012 - 19:23 | Link to Comment cougar_w
cougar_w's picture

A long-winded way of saying that our Sacred American Way of Life is over.

To quote from "Day of the Triffids":

The world we knew is gone -- finished. The conditions which framed and taught us our standards have gone with it. Our needs are now different, and our aims must be different ... We have not simply to start building again; we have to start thinking again — which is much more difficult, and far more distasteful.

Mon, 08/13/2012 - 22:16 | Link to Comment Totentänzerlied
Totentänzerlied's picture

+1 That quote cuts right to the bone.

Tue, 08/14/2012 - 08:35 | Link to Comment robobbob
robobbob's picture

I never quite got many of those end of everything movies. Triffids, zombies, etc. They've dangerous, but unthinking and unorganized.

Gather a gang of reliable people. Get the right NBC gear, weapons, and a boat. Sail to a small island and clear it. Establish a solid base. Expand your territories.Just like the video game, but for real. Couple of generations later its back to Dancin w the Hasbeens and a bag of pork rinds. Mankind has done this how many times now?

The problem isn't learning the lessons. When faced with imminent destruction, mankind is quick at learning and adapting to the new rules. Its remembering them in the face of success thats seems to be the impossible part.

 

Mon, 08/13/2012 - 19:26 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

SHEEPLE MANTRA, give me welfare or give me bankruptcy, i dont give a F....k:

i want it i need it and if i dont get it, ill sue;

what do you call 110 M dependency drug addicts tv addicts, and 47 m on foodstamp amerika,

and $ 5 B in fraud illegal alien tax refunds,....Demomatika...

 

go ahead vote. make my day.  buy gold

 

Mon, 08/13/2012 - 19:27 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Two things I like to see soon:

1. Real health care reform where this very protected market is exposed to the free market, including the end of the doctor/hospital cartel.

2.  Alan Simpson's funeral.

Mon, 08/13/2012 - 20:15 | Link to Comment Gordon Freeman
Gordon Freeman's picture

You might think you're glib--but you're a hateful little pustule.

Mon, 08/13/2012 - 21:05 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

I'm not just glib.  I'm on target.  Simply slashing health care benefits benefits is a simpleton's solution.  If Alan Simpson cannot offer anything more sophisticated, then he should just sit down and shut up.

Mon, 08/13/2012 - 19:31 | Link to Comment sangell
sangell's picture

No doubt he uttered his pearls of wisdom after having a complete physical at the National Institute of Health that no one but senior government officials has access to.

I've got a solution. Alan Simpson get the hell off the public payroll.

Mon, 08/13/2012 - 19:33 | Link to Comment lolmao500
lolmao500's picture

Washington do have compromise... compromise to fuck the American people and rob them blind. The only question is who's gonna steal the most...

Mon, 08/13/2012 - 19:33 | Link to Comment yabyum
yabyum's picture

I despise anyone with a solid gold Senate pension and health care telling me it SUCKS! Same goes with multi millionaires telling me to suck it up.

Mon, 08/13/2012 - 20:05 | Link to Comment Bohm Squad
Bohm Squad's picture

Suck it up.

Mon, 08/13/2012 - 20:50 | Link to Comment sessinpo
sessinpo's picture

And they all despise you. In fact the whole world despises you and we have been conspiring to make your life miserable ever since you were born. But cheer up. With a little luck, you might actually beat the billions of us that hate you.

 

Do I despise millionaires and billionaires? No I work and make money so I can have more which brings me closer to them. Just think, every dollar you get makes you a little more like them, which probably means you hate yourself more for each dollar you make.

And those politicians. Yea, I do agree they are a bunch of creeps. But I imagine that if any of us were in their position, you'd take all the benefits you could too. Be honest.

We need to get rid of those lavish benefits so politicians don't desire to be lifetime politicians. Downsize the government, take away their power and take away the power from politicians.

Mon, 08/13/2012 - 21:41 | Link to Comment Demonoid
Demonoid's picture

It won't be solid gold once the Treasury has to start paying historically normal interest rates and the US government gets a taste of the Greek way of life.

Market is going to use a sawed-off plunger handle to do to Uncle Sam (and all his parasites) what Uncle Sam has been doing to the rest of us for the last 30 years.

Goooooooooooooooooooooldddddddddddddddd Bittttttttttttttchezzzzzzzzzzz

 

 

Mon, 08/13/2012 - 19:54 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

LOL, you guys are all nuts!  Makes me feel at home though :-)

Mon, 08/13/2012 - 20:09 | Link to Comment gwar5
gwar5's picture

Funny how honest and insightful politicians become after they leave office. 

Mon, 08/13/2012 - 20:22 | Link to Comment Plumplechook
Plumplechook's picture
Breaking....

Paul Ryan, Mitt Romney's vice-presidential running mate, sold stock in US banks on the same day he attended a confidential meeting where top level officials disclosed the sector was heading for a deep crisis.

The congressman is facing questions about whether he profited from information gleaned from the meeting on 18 September 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector.

Public records show that on the same day, Ryan sold stock in troubled banks including Wachovia and Citigroup and bought shares in Goldman Sachs, Paulson's old employer and a bank that had been disclosed to be stronger than many of its rivals. The sale was not illegal at the time.

Not long after the meeting, Wachovia's already troubled share price went into free fall. It plunged 39% on the afternoon of 26 September alone as investors worried the bank would collapse. It was eventually taken over by Wells Fargo for $15bn, a fraction of its former value.

Citigroup's share price fell soon after the meeting. In October 2008 Citigroup was among the largest beneficiary of the troubled asset relief program (Tarp), the taxpayer-funded bailout of the banking sector.

http://www.guardian.co.uk/world/2012/aug/13/paul-ryan-sold-shares-banking-crisis

Mon, 08/13/2012 - 20:27 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

That's that.....

Mon, 08/13/2012 - 20:29 | Link to Comment Gordon Freeman
Gordon Freeman's picture

WoW!!!!!!!  You TOTALLY changed my vote--THANKS!!!!!!!!!!!

(fuck you--and your internet address!)

Mon, 08/13/2012 - 21:16 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

So it turns out you are just some pathetic apologist for the Red team.  Good luck in November, asshole.

Mon, 08/13/2012 - 20:41 | Link to Comment Roscoe
Mon, 08/13/2012 - 20:57 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

Sorry, I really like the guy but that doesn't cut it.  Like he didn't know what was coming down in the meeting he was attending?  Too, Too, Too coincidental. 

Mon, 08/13/2012 - 21:15 | Link to Comment gwar5
gwar5's picture

Ryan was acting on a hot tip after Pelosi was overheard bragging out loud about all her boodle.

 

Breaking: John Kerry, billionaire, still has not moved his $5.5 million yacht back to MA from RI where it is kept to avoid MA taxes. 3 year tab now $1.5 Mil. And poor people are still starving somewhere.

Breaking: Harvard and Princeton hypocrites have $45 Billion in their endowments they run like hedge funds, and they don't pay a dime in taxes. This, while poor people and children are still starving somewhere.

Mon, 08/13/2012 - 20:36 | Link to Comment react1200
react1200's picture

What does it matter, your staring at a black hole of derivatives.  That needs to be addressed first!

Mon, 08/13/2012 - 20:40 | Link to Comment tsuki
tsuki's picture

Alan Simpson.  Really.  The man whose family has spent three generations sucking on the political tit, or dole, if you will.  The man who spent fourty plus years wheeling and dealing and screwing the American worker while he enriched himself.  This is America's savior.  I would be more impressed if he cut FERS which is running at a deficit, and is expected to run at a deficit for the next fifteen years. 

 

If the only one you can think of to fix the problem was and is the problem, good luck. 

Mon, 08/13/2012 - 20:44 | Link to Comment 11th_hour
11th_hour's picture

Too little.  Too late.  Math's a bitch.

Mon, 08/13/2012 - 20:46 | Link to Comment Seasmoke
Seasmoke's picture

another person shooting a police officer for trying to help the banksters steal his house......this is the only issue that matters for this country !!!

 

 

Mon, 08/13/2012 - 21:05 | Link to Comment TrainWreck1
TrainWreck1's picture

Professional parasite from a family of professional parasites.

If he is worried about this country, he can give up his .gov pension

 

Mon, 08/13/2012 - 21:07 | Link to Comment SolarQuench
SolarQuench's picture

You all sound like a bunch of boring dead suffering marsh mellows in the dead of night. Test your strength or be dead , you weakling mother fuckers. Life has no room for waste of space.....Make your mark or gone....

Mon, 08/13/2012 - 21:33 | Link to Comment robertocarlos
robertocarlos's picture

Your post clicked something in my brain. "Must terminate the Colonel's command". Lke that would make a difference.

Tue, 08/14/2012 - 07:08 | Link to Comment Zwelgje
Zwelgje's picture

who the fuck are you?

 

make my day.

Mon, 08/13/2012 - 21:14 | Link to Comment Henry Hub
Henry Hub's picture

Alan Simpson is an incredible piece of shit. Here is a guy who has been feeding at the public troth for most of his life. Gold plated health care, gold plated pension...for himself! If he really believes in cutting pensions and health care he should start with his own. Lead by example.

Mon, 08/13/2012 - 21:17 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

That is merely the beginning of his hypocrisy.

Mon, 08/13/2012 - 21:30 | Link to Comment robertocarlos
robertocarlos's picture

But Mrs Obama is most proud of health care reforms. That and the garden peas.

Mon, 08/13/2012 - 21:34 | Link to Comment taeonu
taeonu's picture

Hey here's an idea... Maybe the U.S. government (taxpayers) could stop borrowing the use of it's own money from private banks and we wouldn't have a freakin' national debt.

====

"If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. . . . It is absurd to say our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people."

- Thomas Edison

====

“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I am saying to you in all sincerity, and with all the earnestness that I possess, it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.

“Now, take the Panama Canal bonds. They amounted to a little less than $50,000,000 — $49,800,000. By the time they are paid, the Government will have paid $75,000,000 in interest on bonds of less than $50,000,000. So the Government is paying out $125,000,000 to obtain the use of $49,800,000. That is the way it has worked all along. That is our policy. That is our system. The question is: Should that policy be continued? Is it sane? Is it reasonable? Is it right, or is it wrong? If it is wrong, it should be changed.

“Now, I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks.

“I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.

“We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says `Federal Reserve'. It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks — we have farmed out to them the privilege of issuing the Government's money. If we were to take this privilege back from them, we could save the amount of money that I have indicated in enormous interest charges.”

-Wright Patman (D - Texas)
U.S. House of Representatives (1929 -76)
Chairman of the House Banking and Currency Committee (1965–75)

Mon, 08/13/2012 - 21:43 | Link to Comment robertocarlos
robertocarlos's picture

On Pawnbrokers last night a man turned in a 5 dollar bond dated 1778. It was printed by Paul Revere or someone else famous. It's worth 20k now. There appears to be no downside to printing as many 5 dollar bonds as possible. Just get some famous guy to print them.

Mon, 08/13/2012 - 21:50 | Link to Comment grid-b-gone
grid-b-gone's picture

Half the cost of health care can be eliminated by personal choice.

1. Don't smoke. A health care worker I know is regularly told by patients on the unlucky end of lifelong risk-taking that this is their greatest regret in life.

2. Maintain a weight near the level God or nature designed your body to carry. If you don't know what nature intended, use the BMI as a second source.

3. Exercise to the point of sweating at least three times per week.

For many, it'll take USPS cluster boxes before they start even walking regularly, and at about the same time, their routine will be cut from six to five days per week.

Part II

Move to a "pay at time of service" system for any medical expense that is less than some modest cut-off threshold like the median U.S. weekly take-home pay. This would take employers, insurance companies, and every other middle man out of the process for lower-cost medical needs and would eliminate many unnecessary tests. This would also get low-priority issues like contraceptives out of the entire discussion.  

I don't know the true number, but I'd guess this would eliminate about 60% of all insurance and medicare line items. That lets auditors and regulators concentrate on chasing fraud out of the remaining 40%. 

Part III - High-cost procedures

Step one - one billing rate for all high-cost procedures. No more $40K for a mid-level surgery that becomes $4K for an insurance company but remains at $40K for the uninsured single-mom so the hospital can write-off the full amount when she defaults.

Step two - 0% interest government backing for family-wrecking, bankruptcy-inducing medical expenses. A $75K heart procedure for a father who makes $50K/yr. Take-home pay is $2,400/mth. The bill is 10% of take-home, or $240 until paid off - about 20 yrs.

There, dad saved, family intact, bankruptcy avoided. This is how banks are saved and this is how families can be saved.

There will be some families that never pay off these large bills, but it was just Solyndra-like money anyway, only it went to a family that will finish raising future taxpayers without a devastating financial crisis.

There you have it. No Obamacare, a much smaller role for health insurance companies, much lower costs for employers, and about a million fewer health care administration jobs that can move talented people to something more productive.

 

Mon, 08/13/2012 - 22:22 | Link to Comment taeonu
taeonu's picture

So basically your solution is to have the government run the health care system AND mandate what people can eat, smoke, and weigh?  Why not just implement the model in Canada, France, UK or EVERY OTHER first world country and you'd instantly cut the cost of health care in 1/2.  The U.S. pays twice as much as any other industrialized country for healthcare and recieves the same or lower service.

Mon, 08/13/2012 - 23:36 | Link to Comment grid-b-gone
grid-b-gone's picture

The first part is voluntary, known actions the average American can do themselves for free to cut their own need for health care by 50%, on average. Obviously, for the healthy, svelt, active, non-smoker, they already have most of the health care costs they can control themselves covered.

The second part takes the 60% lowest-cost elements of health care out of the government's hands. There is no reason for a $4 Wal-Mart prescription to ever be processed by a government entity. You pay 100% of the office visit to get the prescription and you pay 100% of the cost of the prescription. This is the 'skin in the game' currently missing in the system.

Only for high-cost surgeries and such does the government play a role, and even then, there is no taxpayer involvement. The 0% money for high-cost treatment is digitally created and paid to the hospital. The patient pays it back at 10% of take-home pay per month with no interest.

This is nothing like the universal government programs you mention.

 

Tue, 08/14/2012 - 00:29 | Link to Comment Anusocracy
Anusocracy's picture

Everything government touches turns to crap.  Ringo Starr

Get government entirely out of healthcare.

Tue, 08/14/2012 - 07:39 | Link to Comment Dburn
Dburn's picture

The most egregious hoax played on Americans are the $200,000 Heart Surgeries that Simpson  mentions which , like you said, is the retail price for the uninsured.  The actual reimbursement rate is 5-10% of that.  GE , with their 1000 person  Tax avoidance/fraud  division, has nothing on hospitals.

They throw what's needed from those BS bills into their 5% charitable care allowance to get monster size  property tax abatements and use the rest to write off all corporate income except for about 1% that they show their investors with a wink and a nod that the hospital is making money hand over foot but since they can't run their cash outside the country in a "double Irish" like their Ivy league network buddies running  Multi-nationals, they just cost shift the whole thing on the taxpayers , especially local property taxes which pays for streets , first responders , garbage pick-up and teachers who according to everyone are over paid as they bitch about the shitty educational system.

Ain't that a bitch. Get held up after you hit a big ass pot hole which stops you dead in "no-mans land" , end up with a bullet in your stomach and a head gash, plus a blown frame on your car and then get taken to the same hospital that doesn't pay property taxes that would prevent all that shit as they ask for your insurance card before they start treatment. 

Fuck Simpson and his govt gold plated health care. You go buy private insurance at 80+ and see if you can find a company that not only will sell you but pay your fucking claims. Douchebag

 "I always get fucked at the drive-through"

 

Mon, 08/13/2012 - 21:55 | Link to Comment resaci
resaci's picture

"i've been thrown out'a better places than This!"

Mon, 08/13/2012 - 22:40 | Link to Comment FRBNYrCROOKS
FRBNYrCROOKS's picture

We might get hosed by Congress because of their inaction, fucked over by the Bankers/NYFRB but, there will come a day when the police, and soldiers will stop getting paid and they will start passing out the guns so we can make things right. It is a damn shame to have to resort to bloodletting!!!! I am actually looking forward to it. There are more than enough tires and gasoline to give each politician a bright necklace to light up the night. We are always nine meals, or lack there of, between peace and anarchy. I've had enough fun for one lifetime; I would like to see justice reign before I die.

Tue, 08/14/2012 - 04:41 | Link to Comment DoneThis2Long
DoneThis2Long's picture

Well ... I fear this just might happen sooner than you think, and perhaps in a format unlike your wish.

Do a search for "Army Reserve wanted to alert the public to the training dates so residents are not alarmed when a pack of heavily armored military vehicles is driving around the county". While none of the MSM rags/sites showed up (none that I could find anyways), the local paper, which was meant to convey the message to the locals did on 08/05/12, so look for "sheboyganpress.com" among the plethora of blogs.

Washington Times did publish something under the title of "The Civil War of 2016" but the matter is being denied by the interviewed (br)ass. Oh really ??? Live training going on, about 1 billion round of ammo has been purchased by Homeland Defense, yet we are to buy into a line of bullshit "of it is a big boys fantasy adventure". Yeah, right.

Also, while you are at it, do a search for "homeland defense 750,000,000 rounds" - I do not have handy the link to the actual bid request from a .gov site, outlining the exact breakdown by calibres HOWEVER, among them there were .40, .45, .226 HOLLOW POINTS, which as I understand are battlefield illegal. Now WTF are those for, especially when we consider a large order placed just recently. Are Barry, Holder and their pals, giving up golfing and taking up target shooting? NOT.

And this is only the crap I know of, and I know nothing. What else is going on??

BTW, has anyone else entertained the probability of Barry is driving the country into insolvency on purpose? Personally I am convinced (I was not until I watched the interview of the O's with Charlie Rose in which he commented on the fact they had to live on a budget while both working, etc etc, so they most certainly have a clue).

What a fucking mess this clown has made of the work and sacrifice of hundreds of millions of Americans who worked their asses off, gave their lives in wars, etc etc, all, just so THEIR future generations would have even better opportunities, only to have handful of traitors give it away to undeserving pricks who do not even believe in contributing to American charitable programs, serving America, or otherwise become one of us.

Tue, 08/14/2012 - 07:26 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Yeah that Obama....undid all the good, patriotic work George W. Bush did to make this country so much better since 2000.  Wake up pal.

Tue, 08/14/2012 - 09:58 | Link to Comment FRBNYrCROOKS
FRBNYrCROOKS's picture

I would light "W"s necklace personally, given the opportunity, and watch him dance that Haitian jitterbug. I think we should take out Cable TV and cellphone towers first. Then the Zombies would wake from their internet/cable induced catatonic state and start the riots that should have raged four years ago.

Tue, 08/14/2012 - 13:30 | Link to Comment DoneThis2Long
DoneThis2Long's picture

My bad, I forgot, the Liar In Chief, got the Nobel Prize for doing nothing, then he went on to play a few rounds of golf with his Marxist and Black Panther, peace loving, pipe smoking, brothers and buddies.

Bush was a naive dope who blindly bought into the bill of goods sold to him by Wolfowitz and his clan. By contrast, Obama is a well calculated narcissist and pathological liar, who has only contempt for the Nation and desire to ruin it. He uses every opportunity to prove it, like his recent comment about his beloved equal 2nd half deserving of paycheck for the "hard work". Another fucking joke in a long string, and sadly at our expense.

Of course, he did not accomplish it alone. I am not certain if Barry used Pelosi, Reed & the rest, or they used him. Of course, it could have been a collaborative effort in passing that Masterpiece (of shit) Obamacare. The only way the Supreme Court could accept it as legitimate was to label it exactly what the genius himself said it was not: "a(nother) tax". How fucked up is that?!

If Bill Clinton would have taken care of OSB as and when he should have, we all would have been better off. Far better.  He certainly had several opportunities while they were smaller and requiring nothing more than a handful of our great special ops guys. After all there were several early warnings (that did materialize and we know of, let alone failed ones) between 93 and 01 - the 1st attempt on the towers, Cole, US Embassy in Kenya among them.

What a gem Barry is: asking newlyweds to forgo wedding gifts in lieu of donations to his (sorry ass) re-election campaign so he can finish us off.

Have another toke pal. It now, conveniently, grows in our National Parks.

Tue, 08/14/2012 - 07:47 | Link to Comment FRBNYrCROOKS
FRBNYrCROOKS's picture

I read ther IFB for the ammunition. It was for, up to, 750,000,000 and covered 90+ agencies. I don't see the country tearing itself apart "Syria" style. I see disillusioned , discharged, soldiers and saliors coming home learning the truth about how we are getting hosed by the FRBNY and lossing it. Molotovs are easy to make and very effective.

Tue, 08/14/2012 - 14:32 | Link to Comment DoneThis2Long
DoneThis2Long's picture

I read ther IFB for the ammunition. It was for, up to, 750,000,000 and covered 90+ agencies.

Give it another try. Per the synopsis:

“The Federal Law Enforcement Training Center (FLETC), Glynco, Georgia anticipates awarding multiple award indefinite delivery and indefinite quantity (IDIQ) firm fixed price (FFP) contracts for commercial leaded training ammunition (CLTA) of various calibers for law enforcement officer firearms training courses at the following FLETC facilities Glynco, GA, Artesia, NM, Cheltenham, MD and Charleston, SC and to other Department of Homeland Security (DHS) agencies. The Government guarantees a minimum of 1,000 rounds per year on each resultant contract. Contracts will be for a base year and four (4) 12 month option periods,”

Based on my limited grasp of the English language, the wording "multiple award indefinite delivery and indefinite quantity" somehow does not square up to your limitation claim: "It was for, up to, 750,000,000".

I don't know about you, but when I get shot at, I give a rat's ass less which law enforcement agency is taking aim at my ass.

As for lobbing Molotovs, hard to do when the other side has shoot to kill orders. I suppose you could use it to incinerate your ass after you get shot while holding the bottle.

Agreed on the treatment of the military. As far as I am concerned they should get as good care, or better, at the same facilities as the political parasites, absolutely free of charge and always receive priority when needed. But then they are receiving the same treatment as everybody else (at least 99% of us, or whatever the fuck it is, so lets call it the vast majority) - not to diminish their efforts and sacrifice to be damned sure. I'd go a step further, and the military should have a special department where, while deployed on duty, their families would receive free of charge, or at cost, any legitimate aid they require for things such as medical, house repair, financial or legal aid (so not to worry about loverd ones while fighting and getting shot at, instead focusing at keeping alive and returning home in one piece and able to restart their lives at a normal level ASAP).

Also agreed on the fact that we are getting hosed, and royally so. Back in the 80s. anything over 25% was considered loan-sharking and prosecuted as such, in spite of prime being in the upper teens (I don't recall if it ever touched 20%), yet today, the bastards get away with paying virtually zero - less if you account for inflation - yet legally charge ~25-28%, and to make matter worse, they lobbied for, and got laws to make the bankruptcy tougher - which is fine by me, so long as it is all on a fairly leveled playing field, which it is far from.

Mon, 08/13/2012 - 22:59 | Link to Comment HardAssets
HardAssets's picture

No mention of cutting defense spending or the trillions on overseas wars ?

No surprise.

 

Does anyone listen to these politicians ?  Nothing but scam artists living off the public. And this guy has a nice cushy pension and health plan for his 'service'.

Tue, 08/14/2012 - 08:54 | Link to Comment jayman21
jayman21's picture

+1....and I would add who is to blame?  We keep on voting the parasites into office assuming elections even matter.  Mitt vs Obumer.....just makes me wonder.

Tue, 08/14/2012 - 14:54 | Link to Comment DoneThis2Long
DoneThis2Long's picture

Those were the choices put before us by the respective party leaders. Unfortunately. For many years/decades now, and for the vast majority, our choices have been to vote not for the one(s) we liked/wanted but to vote against the one we dislike(d).

Both parties blew it when they failed to play ball w/McCain on Vote Reform. It now has gotten ridiculous and sadly, we can no longer choose the best person for the job, period, but from among the biggest and best bullshiters and/or those ones with deepest pockets, neither representing our values or having our best interest at heart. And as if it was not bad enough, along came the Super-packs and foreign donor allowance, a sure recipe for an even more fucked up outcome and a bigger crook to be elected.

 

I cannot speak for others, but I feel so much better knowing that Soros and his ilk, along with foreign government operatives, can legally throw limitless amounts behind the person best serves their interests. Not to mention the manipulation of the news flow through the rigged MSM. Just what the founding fathers had in mind.

Mon, 08/13/2012 - 23:01 | Link to Comment patb
patb's picture

The theory of Obamacare is to stop paying people for efforts and start paying them for results

 

Tue, 08/14/2012 - 00:47 | Link to Comment grid-b-gone
grid-b-gone's picture

The theory of Obamacare is to get the 13 million workers he and Bush let "voluntarily" leave the workforce to forcibly remain health care insurance industry premium payers.

Tue, 08/14/2012 - 08:50 | Link to Comment jayman21
jayman21's picture

What news channel did this gem come from?  Even the talking points for the trolls is getting bad. 

Tue, 08/14/2012 - 02:14 | Link to Comment Hobbleknee
Hobbleknee's picture

"It will use up every resource in the government"

The government has no resources; it can only steal other's.

 

 

/Compare PM dealer prices

Tue, 08/14/2012 - 08:20 | Link to Comment mrktwtch2
mrktwtch2's picture

not to be a devils advocate..but all these doomsday numbers about medicare are based on the assumption that we never cure anything.if cancer and alzhemiers become a thing of the past then medicare outlays completly collapse..we built the a bomb without a caculator and put aman on the moon with less computer power than an i phone..so dont tell me we cant cure disease..its just that it  is being used to thin the herd..

Tue, 08/14/2012 - 09:33 | Link to Comment rustymason
rustymason's picture

It'd be great if Alan Simpson could have a complete thought.

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