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All You Need To Know About The Aptly Misnamed US "Supercommittee", Complete With Trading Cards

Tyler Durden's picture




 

While Europe stubbornly refuses to get off the pedestal of daily "risk On-Off" headline news disinformation, the time has come to shift our attention to the epic misnomer which is the US supercommittee, or the unelected sub-branch of the legislative body which is supposed to find $1.2 trillion in cuts to enact the debt ceiling hike that Obama passed in August so that America can spend itself into the drunken sailor coma. Incidentally, the country has already issued $700 billion in debt since then, and by the end of the week, total US debt will be just shy of $15.1 trillion. So at least the "benefit" of the debt ceiling, pardon, debt target hike has been implemented, if not any of the mandated budget cuts that are supposed to offset this. Unfortunately, they won't, because as the attached supercommittee trading cards created by JPM's Michael Cembalest demonstrate, as well as the associated Q&A from Goldman explaining all one needs to know about the supercommittee, hell has a better chance of freezing over than these 6 republicans and 6 democrats coming to some agreement.

From JP Morgan:

Are markets too focused on Prime Ministers and not enough on Economics? US super-committee trading cards

 

To get a sense for who is on the committee, we hereby introduce Super Committee trading cards. On each card, the color scheme is a proxy for each member’s ideological voting record as compiled by the University of Georgia in their extensive database dating back to the first Congress in March 1789. A Political Ideology Indicator (PII) score of -1 indicates the most liberal voting pattern, while +1 is the most conservative1. As you can see, Max Baucus (D-Mon) is the closest thing to a “moderate” on the committee, with moderate defined by +/- 0.2. The rest are closer to the ideological wings of their respective parties, lessening the chance of a “rogue move to the middle”, against the wishes of their respective congressional sponsors (e.g., the party leaders in the House and Senate). While the Super Committee only needs a simple majority to make a recommendation to Congress, it is unlikely that any member would cross party lines alone. This ideological make-up is admittedly representative of the Congress and electorate at large, but still, if the purpose of the Committee was compromise, couldn’t they have opted for members that were closer to the middle? So far, the only thing Super about this committee is the level of its polarization and lack of progress.

 

And to complete the picture, here is a comprehensive Q&A answering any and all supercommittee related questions from Goldman Sachs.

Q: What is the super committee?

A: 12 members of Congress who must decide on at least $1.2 trillion in deficit reduction. The super committee is made up of six Republicans and six Democrats from the House and Senate. It was established by the Budget Control Act (BCA), the legislation that raised the statutory debt limit in early August. If a simple majority of the super committee members vote for a legislative package, it will be forwarded to the House and Senate, to be considered with no changes or delay possible.

Q: What happens if the super committee cannot reach an agreement?

A: Automatic spending cuts kick in for 2013, but a downgrade seems unlikely. If the super committee reaches its November 23 deadline without any agreement, the process concludes. While this would be far from ideal and could weigh on sentiment, the practical near-term repercussions seem limited. There would be no near term fiscal consequences, but automatic spending cuts would take effect from January 2013. At this point there is little reason to believe that either S&P or Moody's would downgrade solely based on a failure to agree. Both rating agencies have indicated that while a stalemate in the super committee would be negative, they expect $1.2 trillion in planned deficit reduction to materialize through automatic cuts if not through the super committee, so their fiscal outlook should remain unchanged.

Q: Can the deadline be extended?

A: Yes, but this does not seem very likely. In theory, if super committee members are unable to reach an agreement by November 23 but feel that one will be reached soon, they postpone the deadline for a few weeks. However, this seems unlikely for two reasons. First, in order to effectively provide more time for negotiations, it would take more than a political agreement; legislation to the delay the deadline would need to become law. This could be attached to the upcoming "continuing resolution" to fund government operations (current funding expires November 18) or the super committee could pass an extension. Even if technically possible, senior members of both parties have indicated that an extension is unlikely, and in any case it is not clear that an extension would have sufficient support to pass the House and Senate even if one were desired.

Q: How will the outcome of the super committee change the medium-term deficit outlook?

A: Only modestly, if at all. The super committee process presents an important opportunity to reduce the longer term imbalance between the expected growth in entitlement programs and the revenues used to finance them and other government spending. However, a "grand bargain" to resolve this imbalance appears to be a low probability this year. Instead, the politically realistic outcomes range from no agreement to a deal reaching $1.2 trillion in deficit reduction over 10 years. While $1.2 trillion represents a meaningful amount of deficit reduction, it is important to keep in mind that the same amount of deficit reduction would occur even if the super committee deadlocked and automatic spending cuts took effect. So while a great deal of attention is being paid to the super committee, it is unlikely that deficit projections will change substantially following their agreement. That said, Congress is less likely to reverse any of the deficit reduction measures agreed to by the super committee than it is to reverse the automatic spending cuts in event of super committee stalemate, so all things equal a super committee agreement of $1.2 trillion probably implies a slightly lower deficit level over the next decade than if the automatic spending cuts were to take effect.

Q: So why is it important for the super committee to reach agreement?

A: It will decide how the deficit is reduced, it might extend expiring stimulus, and it signals whether the political process is functioning. At the most basic level, the super committee process is important to market participants because it provides a signal as to how successful future fiscal consolidation efforts might be. Indeed, our impression in speaking to clients is that many are more focused on whether the super committee is able to reach a deal at all than they are on the specifics of the agreement that is reached. If the process ends without any political agreement and no legislative product, we would expect markets to become more pessimistic regarding post-election progress on the broader structural fiscal issues that Congress must eventually address. On a more practical level, although the super committee may not affect the overall amount of deficit reduction--it seems unlikely that deficit reduction of more than $1.2 trillion will be enacted through this process--super committee success or failure will still decide whether the planned deficit reduction occurs through across the board spending cuts (if there is no agreement) or a mix of more targeted tax and spending policies (if a deal is reached). This distinction will be relevant particularly for industries with significant government exposure, like defense and health care. A final reason the super committee is being closely watched is that the legislation it passes is likely to be a vehicle for other priorities; extensions of the payroll tax cut and emergency unemployment compensation are on the table, as is folding a highway bill or farm bill into the package.

Q: How will the super committee affect the fiscal impulse in 2012?

A: It should have a minimal effect. The Budget Control Act (BCA) capped congressional appropriations, which is estimated to reduce discretionary spending in FY2012 by $25bn (slightly more on a calendar year basis). This amount is already included in our forecast. The super committee does not seem likely to change this by more than a few billion dollars. Policies outlined in the Biden-Cantor talks earlier this year would have reduced spending by another $25bn in FY2012; the Bowles-Simpson recommendations related to health and other mandatory spending--these are the most likely areas for super committee savings--would have reduced the deficit by only $6bn in FY2012. The President's proposal to the super committee, excluding his jobs package, would have essentially no effect in 2012. Assuming that the super committee is looking at the same sorts of policies these previous proposals envisioned, it is unlikely that the agreement would have a substantial effect on the deficit in 2012.

Q: What is the consensus expectation?

A: Market participants seem pessimistic. Our sense from client conversations is that most market participants expect either no agreement to be reached or a half-deal. Public opinion polling also shows a pessimistic view among the public, with only 24 percent of voters expecting an agreement. 32% of economists polled in the November Blue Chip financial survey expected a super committee agreement to become law. Our sense is that most market participants who do expect an agreement expect it to be a fairly modest one, potentially reaching only halfway to the committee's $1.2 trillion target. This is similar to the view we have had for the last couple of months (see for instance "The Fiscal 'Super Committee': An Agreement Is More Likely than Not," US Daily, September 28, 2011).

Q: How does our view differ from consensus?

A: We are slightly more optimistic than the apparent consensus view. While there is certainly a chance that the talks dissolve without agreement, it seems much more likely that the public pressure on super committee members and congressional leaders would lead them to salvage at least a bare minimum agreement rather than walk away empty-handed. While we do not believe a "grand bargain" is likely due to the longstanding disagreements between the parties on tax and entitlement issues, reaching the $1.2 trillion target does appear (just barely) possible without agreement on those broader issues. This would probably require an agreement to include some new tax revenues in the package, super committee discussions over the last few days imply that the probability of limiting some tax preferences has increased slightly, though new tax revenues still look likely to make up only a small part of whatever deal is reached. The most likely scenario in our view appears to be an agreement that involves specific policy changes reaching slightly more than halfway to the $1.2 trillion target, with most or all of the remainder made up through automatic spending cuts and potentially a modest amount of creative budget accounting.

Q: What is the super committee's deficit reduction goal, $1.2 trillion or $1.5 trillion?

A: $1.2 trillion is the key number. To avoid any automatic spending cuts from taking effect, the super committee must agree to at least $1.2 trillion in deficit reduction, which would probably mean just under $1 trillion in spending cuts or tax increases, and $200bn in interest savings. If the super committee goes beyond that minimum, the statutory debt limit is raised by a commensurate amount until total deficit reduction reaches $1.5 trillion. Thus, it is possible for the debt limit to rise from $16.394 trillion under a small super committee agreement to $16.694 trillion under a large deal. Although both numbers are seen as targets, most of the focus is on reaching the $1.2 trillion in savings needed to avoid automatic spending cuts.

Q: What is a spending "sequester" and how does it work?

A: Spending cuts known as a "sequester" are set to take effect automatically on January 2, 2013, unless the super committee legislation reaches its target. If the super committee achieves no savings, "sequestration" would total $1.2 trillion through 2021 including interest savings, or just under $1 trillion in actual spending cuts excluding interest. For every dollar the super committee reduces the deficit, the sequester is reduced by a dollar, so that if the super committee reaches its minimum goal of $1.2 trillion in deficit reduction, no automatic spending cuts would take place. Half of the spending cut under the sequester would come from defense and the other half from domestic programs. The distribution among domestic programs depends on the amount of the automatic cuts. For instance, under full sequestration of $1.2 trillion, about $125bn or so would be cut from Medicare payments to health care providers, and nearly $300bn would come from domestic appropriations. The remainder would come from the few segments of the "mandatory" budget that do not affect seniors, the disabled, or low income (this leaves education subsidies, agriculture, and health subsidies under the new health law, and a few other smaller categories). If the super committee agreed to half of its deficit reduction target, the Medicare cuts under the sequester would remain roughly the same, but other cuts would fall proportionately.

Q: If the super committee does not address the payroll tax cut and unemployment insurance, could they still be extended?

A: Yes, but expiration would become much less likely. It is possible for Congress to address the expiring payroll tax cut and/or unemployment benefits outside of the super committee. After all, Congress deals with expiring provisions all the time, and typically just wraps extensions into year-end legislation. However, addressing these issues would be much harder outside of the super committee. The main reason is that Congress is under pressure to offset any new stimulus, and it would be very difficult to find the $160bn in deficit reduction necessary to offset the cost of a one year payroll tax cut and unemployment benefit extension. A second factor might simply be time; the super committee bill will not be considered by Congress until at least early December, so any attempt after that to extend the expiring provisions would occur only a few weeks before expiration. Our forecast assumes extension of the payroll tax cut but not of emergency unemployment benefits, though we see the latter as a close call.

Q: What are the key dates to watch for?

A: The next two weeks will be critical. On November 18, the current "continuing resolution" (CR) that provides funding for government operations expires. Another CR is likely to be enacted around that time, and we do not see much risk of a shutdown, as had looked possible around similar such expirations earlier this year. By November 23, the super committee must vote on final legislative language that has been estimated by the Congressional Budget Office. Failure to vote by this date eliminates the procedural protections for the super committee's proposal provided for under the Budget Control Act. Assuming that the super committee meets this deadline, Congress has another month, until December 23, to pass the proposal in both chambers of Congress. However, there is a good chance that congressional leaders will want to expedite that process, so the final vote could take place by mid-December.

Q: When must the super committee reach agreement, and when do the details become public?

A: Probably only a few days before November 23. Although the Congressional Budget Office (CBO) has indicated that it would like two weeks to consider the budget effects of the super committee's proposal, most of the items that seem likely to be included have been under consideration for a while, and many have already been estimated by CBO. Drafting the formal legislation could take a few days and could overlap with the deficit reduction estimation process. This implies that an agreement reached as late as November 20 would still allow the super committee to meet its deadline. An official announcement of the details might not take place until even closer to November 23.

 

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Thu, 11/10/2011 - 12:43 | 1866329 Comay Mierda
Comay Mierda's picture

Hitlers of Amerika

Thu, 11/10/2011 - 12:48 | 1866373 Careless Whisper
Careless Whisper's picture

The Careless Whisper Morning Update

 

NYC Mayor Bloomberg Orders Elite Homicide Squad To Investigate OWS Graffiti

http://www.nypost.com/p/news/local/manhattan/nypd_is_rabble_roused_etDjo...

Wall St Execs Boycott Restaurant After Famed Chef Batali Says They Stole More Than Hitler

http://www.dailymail.co.uk/news/article-2059904/Wall-Streets-revenge-Ban...

Former Goldman Sachs Analyst Organizes Occupy Rose Bowl Parade

http://latimesblogs.latimes.com/lanow/2011/11/occupy-movement-plans-rose...

NYPD Bust Counterfeiting Ring; 6 Arrested With Fake Loius Vuitton Bags

http://www.dailymail.co.uk/news/article-2059904/Wall-Streets-revenge-Ban...

Another Blogger Decapitated

http://latino.foxnews.com/latino/news/2011/11/10/man-killed-in-mexico-fo...

Mark Cuban Invests In Company That Makes App; Trivia About Your Facebook Friends

http://latimesblogs.latimes.com/technology/2011/11/mark-cuban-invests-me...

Castro's Daughter Tweets That Liberty Seeker Is "Mediocre Minded"

http://www.miamiherald.com/2011/11/09/2494486/cuban-blogger-yoani-sanche...

Police Pension Fund Files Class Action Against Buffett's US Bank; Alleges No Collateral For CDOs

http://www.businessweek.com/news/2011-11-10/u-s-bancorp-sued-by-pension-...

Thu, 11/10/2011 - 12:57 | 1866435 JPM Hater001
JPM Hater001's picture

Who put the trading cards together?  The guys 10 year old son?  The lines are off and John Kerry's is actually leaning left...which is actually kind of funny.

ahem, and now back to your regularly scheduled collapse.

Thu, 11/10/2011 - 13:08 | 1866485 NotApplicable
NotApplicable's picture

MS Paint, FTW!

Thu, 11/10/2011 - 13:13 | 1866508 boom goes the d...
boom goes the dynamite's picture

"the unelected sub-branch of the legislative body which is supposed to find $1.2 trillion in cuts to enact the debt ceiling hike that Obama passed in August so that America can spend itself into the drunken sailor coma."

this comparison is an insult to drunken sailors everywhere.

Thu, 11/10/2011 - 13:22 | 1866538 redpill
redpill's picture

Our Republic is rotting. Congress has ceded its legislative authority to a committee that is hand picked and not representative of the nation. Democracy is dead, our Constitution is ignored. And the next one of these assholes that says they are "trying to do what's right for the country" should get punched in the mouth.

Thu, 11/10/2011 - 13:30 | 1866569 I did it by Occident
I did it by Occident's picture

yes, that's what I thought, doesn't Congress delegating its undelegatable responsibilities unconstitutional?  But since when has the that mattered. 

Thu, 11/10/2011 - 13:40 | 1866606 redcorona
redcorona's picture

I'll just leave this here.

http://www.yivo.org/pdf/kahal.pdf

Thu, 11/10/2011 - 13:58 | 1866609 Hard1
Hard1's picture

Subpar subparidiots subparcommittee!

Thu, 11/10/2011 - 14:35 | 1866879 bigdumbnugly
bigdumbnugly's picture

perfect!   treding cards your kids can put in their bike spokes and splatter to kingdom come and feel great about after!

as opposed to still being all depressed about what happened to that '56 Mantle...

 

Thu, 11/10/2011 - 15:13 | 1867052 narapoiddyslexia
narapoiddyslexia's picture

Yeah, my Mom threw mine in the trash, too. Along with my comics collection that would today be worth north of $30k. Which is far more than those bozos above are worth.

Thu, 11/10/2011 - 21:51 | 1868535 UP Forester
UP Forester's picture

Not too hard to be worth $30k.  Just imagine if you collected gold coins (not the chocolate ones, either)....

Thu, 11/10/2011 - 13:43 | 1866614 earleflorida
earleflorida's picture

as with our newly found czar's, we now have a 'presidium', all from,... 'russia with love' - how quaint

Thu, 11/10/2011 - 14:13 | 1866699 Oh regional Indian
Oh regional Indian's picture

Norm Scwarzkoff, FTW. he was the first real Czar (Ceaser) in America...

The Drug Czar, how true that was. Hah!

And is the male female ratio of the congress 1/12?

ORI

Caveat Emptor

Thu, 11/10/2011 - 14:09 | 1866746 Abitdodgie
Abitdodgie's picture

Finally Democracy is dead , well we can get back to living in a Rebublic like it should be 

Thu, 11/10/2011 - 14:42 | 1866890 DaveyJones
DaveyJones's picture

the next thing you know Redpill, the Supreme Court will be ratifying unlimited corporate campaign contributions. It is dead and with it, solutions that work within this rotten system   

Thu, 11/10/2011 - 13:24 | 1866539 I am more equal...
I am more equal than others's picture

Jesus had 12 disciples.  Congress in an attempt to be everyone's messiah selected 12 to be fisher of men... er... taxer of men.  I wonder which one is the Judas. Maybe there are 11 Judas's and one true disciple. 

Thu, 11/10/2011 - 13:26 | 1866554 redpill
redpill's picture

Ron Paul is not on the committee.

Thu, 11/10/2011 - 13:56 | 1866663 baby_BLYTHE
baby_BLYTHE's picture

he couldn't be even if he wanted to be since he voted AGAINST the committee's formation

Thu, 11/10/2011 - 14:28 | 1866841 slewie the pi-rat
slewie the pi-rat's picture

i may have enjoyed monday nite as much as you, baby_B...

...nah!

Thu, 11/10/2011 - 14:34 | 1866873 DaveyJones
DaveyJones's picture

how dare he invoke the constitution. is this the same bastard who wants an honest banking system?  

Thu, 11/10/2011 - 13:29 | 1866559 Whoa Dammit
Whoa Dammit's picture

The question is: Who is holding the cards?

My guess is Alice Rivlin, former Fed Vice Chairman. See the Rivlin Domenci Debt Reduction Plan.

Thu, 11/10/2011 - 12:57 | 1866437 spiral_eyes
spiral_eyes's picture

Ron Paul should be the deficit reduction supercomittee.

Thu, 11/10/2011 - 13:24 | 1866549 redpill
redpill's picture

Wait, then something might actually be cut, unlike this made up "$1.2 Trillion Over 10 Years" garbage that means absolutely nothing whatsoever.  We can't have actual federal budget cuts, what are you thinking!

Thu, 11/10/2011 - 15:29 | 1867146 r101958
r101958's picture

Exactly! LOL. 1.2 Trillion over 10 years and the first 6 years will be 10 billion each year.

Thu, 11/10/2011 - 14:04 | 1866714 Raskolnikoff
Raskolnikoff's picture

"Wall St Execs Boycott Restaurant After Famed Chef Batali Says They Stole More Than Hitler"

I don't blame those execs, doesn't that idiot Chef know where the stealing has been going on? Wasn't on Wall Street baby... The one dude who got it right got fired and now MNF has become totally unwatchable.

Thu, 11/10/2011 - 13:20 | 1866530 Hugh G Rection
Hugh G Rection's picture

Ya, that whole checks/balances and constitutional Republic idea is too restricting, fascism is much more streamlined. I'm sure those 12, and Obama, know what's best for us!

<sarc off>

http://www.youtube.com/watch?v=vdCFnZ99YvA

Thu, 11/10/2011 - 13:55 | 1866658 Gringo Viejo
Gringo Viejo's picture

LePetomane 2012

Thu, 11/10/2011 - 12:43 | 1866333 prains
prains's picture

It's amazing how the US of Oligarkistan has to resort to a politburo to try and get things done

Thu, 11/10/2011 - 12:58 | 1866382 Don Birnam
Don Birnam's picture

"There is not a dime's worth of difference between the Democrat and Republican Parties."

No less true in 2012, than it was during the Election of '68. This Gang of Twelve is essentially the Washington equivalent of the Presidium. Absolutely shameful, how Americans have allowed their nation to descend as low as it has; electing those who would steal from underneath them the very ground upon which they walk, and the very clothes from their backs, if they could get away with it -- with a vote in the small hours of the night, of course: daylight frightens them considerably.

Thu, 11/10/2011 - 12:58 | 1866444 OutLookingIn
OutLookingIn's picture

The "Dirty Dozen" = The bondfire of the banalities!

Thu, 11/10/2011 - 13:08 | 1866483 Hook Line and S...
Hook Line and Sphincter's picture

Yes Don, while it's illustrated that they have voted divergently on the "left v right" axis, the other axis of "libertarian v statist" is clearly weighed 100% statist.

Statists, every one of them.

( ! )J   Hook Line and Sphincter

Thu, 11/10/2011 - 13:10 | 1866493 B9K9
B9K9's picture

Shameful? (Btw, where is he?)

Dude, the ending was baked into the cake from the very beginning. For every certificate of live birth, no matter how much one may want to believe otherwise (or lose themselves in a fantasy of life ever after), there will be a day when an offsetting death certificate is issued.

The reason the US & the West are following previous historical cycles is that absolutely nothing has changed other than the actual players themselves. Now, you can act on this knowledge one of two ways: rail against reality, or use it to your advantage.

If you know the ending of the Ponzi is foretold, then the only variable is timing. That is the nut: how to discern the end-game. When I state that the game is controlled, please do not take it to imply that it can be manipulated forever. There are of course many variables, but a sure tell is overt lawlessness. The Fed/ECB may think they are buying some additional time, but what they are really doing is broadcasting the state of play in this particular cycle to those who are paying attention.

Every minute spent (de)crying over what once was (if it actually ever was) is a minute wasted. Do not mourn - rather, look confidentitaly towards the future, knowing that you have an enviable advantage.

Thu, 11/10/2011 - 13:29 | 1866558 centerline
centerline's picture

Well put B9K9.  The actions of lately are becoming more and more overt.  Without a doubt that the end-game is accelerating.  Positioning for what comes next is the key.  And even 24 hours advance warning is a huge advantage.  Of course, I am not talking about trading.  Therein, a few seconds advance notice might matter!  LOL.  I am talking about the "real" world.  Fuck the imaginary one.  It is going bye-bye soon anyhow.

Thu, 11/10/2011 - 12:43 | 1866334 GeneMarchbanks
GeneMarchbanks's picture

At least there's a token black guy.

Thu, 11/10/2011 - 12:44 | 1866343 Ancona
Ancona's picture

+1

Thu, 11/10/2011 - 12:57 | 1866416 hedgeless_horseman
hedgeless_horseman's picture

It is a shame that Congressman Pete Stark didn't make it on the Super Committee.

"...the more we owe, the wealthier we are..."

Thu, 11/10/2011 - 13:04 | 1866469 GeneMarchbanks
GeneMarchbanks's picture

The fact that Jan somewhat resembles Borat makes the whole thing doubly funny... or sad. 100% surreal.

ps you can do video now?

Thu, 11/10/2011 - 13:05 | 1866479 JPM Hater001
JPM Hater001's picture

Um, yes, since you arent as smart as me...and you clearly went to a shit college in a "territory" and not a state...and since I am all knowing and all seeing...clearly you shouldnt questions me when I say:

"Our debt shows how wealthy we are."

Ergo more debt = more wealth.

It doesnt matter that I dont want to raise the debt by trillions more.  I want you poor.  Or wait...I want you wealthy...no wait...I wont see another trillion of wealth paid to service a debt that take millions of wealthy people and makes billions of tax dollars into debt that is wealth that is creating success that is making ...

Well, anyway...you dont have a clue so SHUT THE PUERTO RICO UP!

This guy is a piece of HUMAN DEBRIS.

Thu, 11/10/2011 - 13:35 | 1866588 Quinvarius
Quinvarius's picture

Wow.  Pete Stark is an idiot.  He knows nothing about economics.  Spending the money you borrow does not make you wealthy anymore than printing it.  It is sad to see what a bunch of ignorant shysters we have in congress.

Thu, 11/10/2011 - 13:53 | 1866641 hedgeless_horseman
hedgeless_horseman's picture

 

 

When Stark says, "we," he is speaking of different groups at different times, so he is correct, and definitely not ignorant. 

The more we (The People) owe, the more that we (the bankers that loan the country money) are worth. 

Our debt is their asset.

Read The Creature From Jekyll Island.

Thu, 11/10/2011 - 13:54 | 1866652 GeneMarchbanks
GeneMarchbanks's picture

Also has to do with time. You can indebt the unborn. A cruel truth.

Thu, 11/10/2011 - 14:03 | 1866709 Quinvarius
Quinvarius's picture

I know where you are coming from.  But he is talking about the US debt being wealth to the US government.

Thu, 11/10/2011 - 14:06 | 1866727 hedgeless_horseman
hedgeless_horseman's picture

 

 

Ah, the eternal question. 

Are they evil, or stupid?

Thu, 11/10/2011 - 14:35 | 1866875 Bolweevil
Bolweevil's picture

Yes

Thu, 11/10/2011 - 15:00 | 1866984 Herd Redirectio...
Herd Redirection Committee's picture

Stupid, the politicians.

Evil, the real powerbrokers who seek to divide and conquer us, via race, religion, social class, gender...

Thu, 11/10/2011 - 15:20 | 1867098 hedgeless_horseman
hedgeless_horseman's picture

...and political party.

Thu, 11/10/2011 - 12:44 | 1866345 silver500
silver500's picture

and a token women.

Where is the token Austrian?

Thu, 11/10/2011 - 12:46 | 1866357 GeneMarchbanks
GeneMarchbanks's picture

must.avoid.all.white.sausagefest.

Thu, 11/10/2011 - 13:01 | 1866461 NotApplicable
NotApplicable's picture

As always, it's hidden. In this case look at the initials on the voting record graphic.

FU DC RP

These voting records were obviously rigged by the Internet-savvy Ron Paul supporters in order to create this message.

Thu, 11/10/2011 - 14:00 | 1866683 Grinder74
Grinder74's picture

Busy teaching his native language to our 44th White President.

Thu, 11/10/2011 - 12:46 | 1866353 HD
HD's picture

And a woman...when it all goes to hell who do you think they're gonna blame?

Thu, 11/10/2011 - 12:47 | 1866362 silver500
silver500's picture

Gold Horders?

Thu, 11/10/2011 - 12:50 | 1866380 HD
HD's picture

What? That old tradition?

Thu, 11/10/2011 - 13:19 | 1866520 Long-John-Silver
Long-John-Silver's picture

Gold hoarders are bad enough but the worst bunch are the Silver hoarders. They hoard the devils metal.

Thu, 11/10/2011 - 13:03 | 1866470 Moe Howard
Moe Howard's picture

Are you postive that really is a woman and not a cross dresser?

Thu, 11/10/2011 - 13:09 | 1866489 NotApplicable
NotApplicable's picture

Where is Barney, anyway?

Thu, 11/10/2011 - 13:35 | 1866589 tamboo
Thu, 11/10/2011 - 13:34 | 1866584 SteveNYC
SteveNYC's picture

Don't tell me they're going to wheel Erin out again?? I thought Fuldy already did her in!

Thu, 11/10/2011 - 12:47 | 1866359 LawsofPhysics
LawsofPhysics's picture

Saw that.  Of course a democrat.  Notice there is also a female and hispanic among the democrats.  All white guys on the GOP side, pretty clear how they will vote.

Thu, 11/10/2011 - 12:49 | 1866375 HelluvaEngineer
HelluvaEngineer's picture

The same as the Democrats, but they'll pretend to have ideological differences?

Thu, 11/10/2011 - 12:52 | 1866393 LFMayor
LFMayor's picture

by which you mean they'll vote how they're told.   Every one of those fuckers is on the gravy, liking it from some masters hand.  This kabuki bullshit makes me sick...  bring the collapse already.

Thu, 11/10/2011 - 13:24 | 1866548 LawsofPhysics
LawsofPhysics's picture

Exactly.  Only after a complete collapse do we find out precisely what the "value" of everyone's labor is.

Thu, 11/10/2011 - 13:58 | 1866565 GoinFawr
GoinFawr's picture

Nah, they're not licking that gravy from their masters' hands, it's more like Jack Black Joanzing in Tropic of Thunder:

http://www.youtube.com/watch?v=GpqoNE2Q2ec

"Get over here buddy, lets do this..."

Thu, 11/10/2011 - 12:44 | 1866337 Ancona
Ancona's picture

Trading cards.....Epic!

Kind of like the ones we gave our boys when we invaded Iraq. I think I'll print them out and laminate them......They may be......useful in the future.

Thu, 11/10/2011 - 12:56 | 1866432 pods
pods's picture

I would much rather see trading cards of the super-bankers.  

pods

Thu, 11/10/2011 - 14:02 | 1866695 Grinder74
Grinder74's picture

No offense to the 9-11 victims, but can someone please find that Japanese airline pilot from the Clancy novel Executive Decisions?  And soon?!?

Fri, 11/11/2011 - 02:35 | 1869149 Kiwi Pete
Kiwi Pete's picture

So who is the Ace of Spades?

Thu, 11/10/2011 - 12:43 | 1866339 silver500
silver500's picture

Lets make more committees so nobody knows who is in charge, it works for Europe

Thu, 11/10/2011 - 12:46 | 1866356 Messianic
Messianic's picture

Epic.

Thu, 11/10/2011 - 12:48 | 1866369 LawsofPhysics
LawsofPhysics's picture

Yes, execution by committee.

Thu, 11/10/2011 - 12:48 | 1866370 GeneMarchbanks
GeneMarchbanks's picture

Ummm that doesn't change at all throughout centuries. It's always the one's in charge of the monetary system and guns.

Thu, 11/10/2011 - 13:52 | 1866646 LauraB
LauraB's picture

Did you see this? Bernanke To Visit Army Base, As Fed Faces Weak Support: http://www.foxbusiness.com/markets/2011/11/09/bernanke-to-visit-texas-army-base-as-fed-faces-weak-support/

Thu, 11/10/2011 - 12:54 | 1866415 c'mon man
c&#039;mon man's picture

Makes it so much easier for those lobbyist to "contribute" to 12 than 534...

Thu, 11/10/2011 - 12:55 | 1866422 WestVillageIdiot
WestVillageIdiot's picture

I believe the word "committee" actually has a Latin origin:  Its initial meaning, if I recall correctly, is "a group of fucking dipshits hiding within a group large enough to conceal how fucking stupid they are".  Of course the origin could have been Greek but I don't know for sure. 

Thu, 11/10/2011 - 13:18 | 1866517 Poetic injustice
Poetic injustice's picture

Note that Romans went bankrupt only after meeting Greeks. While Greeks had those small city-states for hundreds of years and no laws much. So Greeks told Romans "Debt is money" and it all went south.

Thu, 11/10/2011 - 20:04 | 1868281 saulysw
saulysw's picture

A committee is the only known form of life with a hundred bellies and no brain.

- Robert A. Heinlein

Thu, 11/10/2011 - 20:34 | 1868348 saulysw
saulysw's picture

More good quotes from Robert here -- http://en.wikiquote.org/wiki/Robert_A._Heinlein

 

I like this one...

 

Be wary of strong drink. It can make you shoot at tax collectors — and miss.

Thu, 11/10/2011 - 12:44 | 1866342 LawsofPhysics
LawsofPhysics's picture

Rally until the 23, then all hell breaks loose.  The question is, which one of these "super-dupers" will become the "Mickey Mantle" trading card?

 

Heck, better collect them all.

Thu, 11/10/2011 - 12:57 | 1866439 WestVillageIdiot
WestVillageIdiot's picture

These worthless pieces of shit are so worthless that they can be used in the spokes on your bike.  I'm not talking about the trading cards.  I'm talking about the actual members of Congress. 

Thu, 11/10/2011 - 14:03 | 1866706 Grinder74
Grinder74's picture

None.  You can trade them all for one Bill Buckner card.

Thu, 11/10/2011 - 12:44 | 1866344 Conrad Murray
Conrad Murray's picture

I thought they stopped making Garbage Pail Kids cards. Those are truly horrific.

Thu, 11/10/2011 - 12:46 | 1866354 Josh Randall
Josh Randall's picture

Like those bad yearbooks they peddled "Whose Who of Corruption in America"

Thu, 11/10/2011 - 12:47 | 1866355 bob_dabolina
bob_dabolina's picture

That committee is racist!

Mr. King would not approve of this at all.

Thu, 11/10/2011 - 12:48 | 1866361 c'mon man
c&#039;mon man's picture

...what...no stick of gum??

Thu, 11/10/2011 - 12:47 | 1866363 HD
HD's picture

My cards didn't come with any bubble gum. I guess they using it to hold the economy together...

Thu, 11/10/2011 - 12:48 | 1866368 TheSilverJournal
TheSilverJournal's picture

Who's the ace of spades?

Thu, 11/10/2011 - 12:49 | 1866372 lolmao500
lolmao500's picture

http://2012.talkingpointsmemo.com/2011/11/ex-sc-gop-official-calls-pelos...

Ex-SC GOP Official Calls Pelosi C-Word On Twitter, Tells TPM It Was A Joke

@ToddKincannon: @TeresaKopec “The Crabby Cunt from the California Coast”? #NancyPelosi

@ToddKincannon: @TeresaKopec Or how about “The Botox Bitch from Buggeryland”? That seems to work for Nancy Pelosi too.

@ToddKincannon: @TeresaKopec Would you prefer Nancy the Crooked Whore? More accurate, but also more words.

Mwahahaha.

Thu, 11/10/2011 - 12:50 | 1866376 tickhound
tickhound's picture

The Justice League, also called the Justice League of America or JLA, is a fictional superhero team that appears in comic books.

Thu, 11/10/2011 - 14:33 | 1866870 LFMayor
LFMayor's picture

At least they had Zan and Jayna.   Jayna looked like Marie Osmond in a purple body stocking, which I thought was great.  Made my wonder twin power activate.

Thu, 11/10/2011 - 15:35 | 1867165 tickhound
tickhound's picture

"Form of... Jayna's tampon!" - LF @ age 13

Thu, 11/10/2011 - 12:49 | 1866379 PaperBear
PaperBear's picture

Gold/silver headig up a bit, has Ben starting speaking into a microphone ?

Thu, 11/10/2011 - 12:57 | 1866391 HelluvaEngineer
HelluvaEngineer's picture

Everything just got juiced.  Ben must be making all kinds of Christmas gift promises.

Ben, I still want my unicorn, bitch!

Thu, 11/10/2011 - 13:25 | 1866551 HD
HD's picture

"Ben, I still want my unicorn, bitch!"

Okay, I admit it, I laughed. Green arrow for you.

Thu, 11/10/2011 - 12:50 | 1866381 tony bonn
tony bonn's picture

the ghost of the warren commission has been revived to white a crime with lies, obfuscations, and mendacities.

proper government has been handed over to thugs because the congress is utterly incapable of doing its duties.....with an army of staffers and support organizations like cbo, the fools still cannot legislate....fuck them all....

Thu, 11/10/2011 - 12:50 | 1866385 Dr. No
Dr. No's picture

All those people were deemed politically expendable.  The supercommitte was formed to defer decision making as well as shift the decision making onto someone else.  "Someone else" of course means someone else to blame when it fails.  The supercommittee was engineered to fail as well as engineered to point fingers at the "select few" on the committee.

Thu, 11/10/2011 - 12:51 | 1866390 Tao 4 the Show
Tao 4 the Show's picture

As most of the world sleeps through the fire in the house, comfortably believing US borrowing is a sure bet for the future.

Thu, 11/10/2011 - 12:53 | 1866406 slewie the pi-rat
slewie the pi-rat's picture

EAT ME!!!

Thu, 11/10/2011 - 12:54 | 1866412 The Big Ching-aso
The Big Ching-aso's picture

At least when monkeys fuck a football it's entertaining.

Thu, 11/10/2011 - 13:11 | 1866502 NotApplicable
NotApplicable's picture

Sandusky, is that you?

Thu, 11/10/2011 - 13:30 | 1866563 krispkritter
krispkritter's picture

Primates Porking Pigskin!...and trust me, I know of what I speak...and speaking of Football Fuckers, is that Kerry? Isn't he too busy avoiding taxes on his mega-whatevers to work?

Thu, 11/10/2011 - 14:01 | 1866689 tamboo
tamboo's picture

100% kikes and/or kike whores.

John Kerry's Jewish Roots

infiltrating nationwreckers one and all.

 

"The Caliph's order to the Arab conquerors in 637 AD was, “You shall not act treacherously, dishonestly, commit any excess or mutilation, kill any child or old man; cut or burn down palms or fruit trees, kill any sheep, cow or camel, and shall leave alone those whom you find devoting themselves to worship in their cells.” Jehovah's order, according to Deuteronomy 20.16, is, “Of the cities of these people, which the Lord thy God doth give thee for an inheritance, thou shall save alive nothing that breatheth.”

 

"....In effect, a Jewish state, Talmud-ruled, was recreated on the soil of Poland.

 

As Dr. Kastein says, “Such was the constitution of the Jewish state, planted on foreign soil, hemmed in by a wall of foreign laws, with a structure partly self-chosen and partly forced upon it … It had its own Jewish law, its own priesthood, its own schools, and its own social institutions, and its own representatives in the Polish government … in fact, it possessed all the elements which go to form a state.” The achievement of this status was due “in no small measure to the co-operation of the Polish Government.”

 

Then, in 1772, Poland was partitioned and this great community of “Eastern Jews,” organized as a state-within-the-state, was divided by national boundaries, most of it coming under Russian rule. At that point, for the first time in more than 2500 years and less than two hundred years before our own day, the “centre” of Jewish government disappears from sight. Up to 1772 there had always been one: in Poland, Spain, Babylonia, Galilee, Judea, Babylon and Judah.

 

Dr. Kastein says that “the centre ceased to exist.” The suggestion is that the centralized control of Jewry at that moment ended, but the length and strength of its earlier survival, and the significant events of the ensuing century, confute that. In a later passage Dr. Kastein himself reveals the truth, when he jubilantly records that in the Nineteenth Century “a Jewish international took shape.”

 

Clearly “the centre” continued, but from 1772 in secret. The reason for the withdrawal into concealment may be deduced from the shape of later events.

 

The century which followed was that of the revolutionary conspiracy, Communist and Zionist, culminating in the open appearance of these two movements, which have dominated the present century. The Talmudic “centre” was also the centre of this conspiracy. Had it remained in the open the source of conspiracy would have been visible, and the identification of the Talmudic, Eastern Jews with it obvious.

 

In the event this only became clear when the revolution of 1917 produced an almost all-Jewish government in Russia; and by that time power over governments in the West was so great that the nature of this new regime was little discussed, a virtual law of heresy having come into force there. Had the visible institution continued, the masses of the West would in time have become aware that the Talmudic government of Jewry, though it led the clamour for “emancipation,” was also organizing a revolution to destroy all that the peoples might gain from this emancipation.

 

The Russians, among whom this largest single community of Jews at that time dwelt, knew what had happened. Dr. Kastein says, “The Russians wondered what could possibly be the reason why the Jews did not amalgamate with the rest of the population, and came to the conclusion that in their secret Kahals they possessed a strong reserve, and that a World Kahal' existed.” Dr. Kastein later confirms what the Russians believed, by his own allusion to the “Jewish international” of the Nineteenth Century.

 

In other words, the “government” continued, but in concealment, and probably in the different form suggested by Dr. Kastein's word “international.” The strong presumption is that the “centre” today is not located in any one country and that, although its main seat of power is evidently in the United States, it now takes the form of a directorate distributed among the nations and working in unison, over the heads of governments and peoples.

 

The Russians, who at the time of the disappearance of “the centre” from public view were better informed than any others about this matter, have been proved right.

 

The manner in which this international directorate gains and wields its power over Gentile governments is no longer quite mysterious; enough authentic, published information has come out of these last fifty years to explain that, as this book will later show.

 

The mystery of its age-long hold over “Jews” is more difficult to penetrate. How has a sect been able to keep people, distributed around the globe, in the clutch of a primitive tribalism during twenty-five centuries?

Controversy of Zion - Chap 14 - The Movable Government

welcome to the latest incarnation of the kahal- a secret government within a government formed by the infiltrators. ussa goes 1917 in 3,2,1,....

Thu, 11/10/2011 - 14:41 | 1866897 Vergeltung
Vergeltung's picture

yikes!

the stupid, it hurts!!!

Thu, 11/10/2011 - 12:55 | 1866420 mayhem_korner
mayhem_korner's picture

the Budget Control Act (BCA), the legislation that raised the statutory debt limit in early August.

 

I think that sums up pretty well the vector this is on.

Thu, 11/10/2011 - 12:55 | 1866429 JLee2027
JLee2027's picture

John Boehner really screwed up when he agreed to this. He had Zero by the balls and let him go....

Thu, 11/10/2011 - 12:59 | 1866447 mayhem_korner
mayhem_korner's picture

 

 

The Repos really screwed up when they let Sir Cries-a-Lot hold the gavel...

Thu, 11/10/2011 - 13:36 | 1866595 krispkritter
krispkritter's picture

"I like big Bucks and I can not lie, when I don't get my way I cry..." 

Thu, 11/10/2011 - 12:58 | 1866440 mayhem_korner
mayhem_korner's picture

a "grand bargain"

 

Translation: anything you can buy today for a grand is a bargain compared to what it will cost in a year or two.  Even the clowns are laughing at these guys.

Thu, 11/10/2011 - 12:59 | 1866445 Dineroguru
Dineroguru's picture

Cembalist-- a mouthpiece for crony capitalism!  OMG what a BSer!

Thu, 11/10/2011 - 12:59 | 1866448 bernorange
bernorange's picture

They are tasked with finding $1.2T in spending cuts over 10 years.  Ron Paul has proposed a plan to essentially cut that much in 3.  My math shows 1 > 12.

www.pmbug.com

Thu, 11/10/2011 - 13:09 | 1866490 pods
pods's picture

They are tasked with distracting the people long enough until enough evidence can be created for another cleansing war where deficits don't matter.

It never was about balancing anything.  The spigot needs to be kept on.

What would happen if 46 million suddenly saw "Declined" at the register of the grocery store?

pods

Thu, 11/10/2011 - 12:59 | 1866451 Yellowhoard
Yellowhoard's picture

I prefer "Central Committee".

Just seems more appropriate.

Thu, 11/10/2011 - 13:04 | 1866474 NotApplicable
NotApplicable's picture

I'm eagerly awaiting their five-year plan.

Thu, 11/10/2011 - 13:00 | 1866453 Dogfather
Dogfather's picture

Beyond absurd! That the douche-bag John Kerry can sit on this committee is pathetic.

Thu, 11/10/2011 - 13:06 | 1866480 NotApplicable
NotApplicable's picture

You're kidding, right?

Thu, 11/10/2011 - 15:02 | 1866991 NotApplicable
NotApplicable's picture

LOL, 4 junks? I guess I should've been more verbose in noting that a douche-bag sitting on a super douche-bag committee isn't absurd, let alone beyond it.

But then again, that may have agitated the super douche-bag committee supporters...

Thu, 11/10/2011 - 13:01 | 1866458 Soda Popinski
Soda Popinski's picture

Wow, if USD is seen as a safe haven currency now, we can ride this bitch for the meantime.  15 Trill is the new 10 Trill.  The sheep will eventually be led over the financial cliff.  Its the apathy that bugs me.  How many amerikans have no savings anyways, and dont think it matters if gold goes to 5,000?  I forgot that sheep don't care when theyre slaughtered either.   

Thu, 11/10/2011 - 13:32 | 1866580 Falcon15
Falcon15's picture

I have no savings - in the form of 1's and 0's in a bank system, anyhow. Physical (metals) for me. My grandpappy taught me about how banks are shitholes. He lived through the Depression. He never trusted a bank in his life, nor will I.

Thu, 11/10/2011 - 13:01 | 1866460 SHEEPFUKKER
SHEEPFUKKER's picture

You can't spell committee without commie.

Thu, 11/10/2011 - 13:36 | 1866592 Flakmeister
Flakmeister's picture

Or Mitt for that matter...

What's your point? I mean besides the one on your head....

Thu, 11/10/2011 - 13:03 | 1866467 Barnaby
Barnaby's picture

In settlement of the giant fraud that's been perpetrated on the USers, every live US person shall be paid $1 million.
Inflation will be held off in the same way markets are manipulated every day.
All Treasury and Social Security accounts will cease.
The Fed will be burned to the ground.
Gasoline returned to $1.50.
Income Tax ended.

Now fix the deficit.

These are our demands. $300 million is a drop in the bucket.

Thu, 11/10/2011 - 13:32 | 1866578 Tramp Stamper
Tramp Stamper's picture

I think your math is a little off.

Thu, 11/10/2011 - 14:09 | 1866741 Flakmeister
Flakmeister's picture

His math isn't the only thing that is off....

Thu, 11/10/2011 - 14:24 | 1866815 Barnaby
Barnaby's picture

Sorry, just channeling OWS.

Thu, 11/10/2011 - 14:29 | 1866847 Flakmeister
Flakmeister's picture

Well the Tea Party'ers want their Medicare and SS untouched and taxes cut... Given that average payouts from the programs are about $600,000 it ain't far from the truth....

Thu, 11/10/2011 - 15:16 | 1867069 mayhem_korner
mayhem_korner's picture

Well the Tea Party'ers want their Medicare and SS untouched and taxes cut...

 

Why do you say that?  Are you a convert to the Tea Party's inner sanctum...?

Thu, 11/10/2011 - 15:59 | 1867117 Flakmeister
Flakmeister's picture

Naw.... just saw the posters at the original TP rallies before Dick Armey and his K-street cronies took over the movement....

Thu, 11/10/2011 - 15:18 | 1867082 DaveyJones
DaveyJones's picture

good to see you flak. enjoying that inelastic oil? 

Thu, 11/10/2011 - 15:25 | 1867127 Flakmeister
Flakmeister's picture

Always....

Now that was a real gratuitous junking you got.... talk about guilt by association...

Thu, 11/10/2011 - 15:33 | 1867160 DaveyJones
DaveyJones's picture

it's my catholic upbringing

Thu, 11/10/2011 - 13:12 | 1866495 tim73
tim73's picture

How the fuck Americans got so stupid and so fast? This is devolution, a whole new concept. I'd bet they must have put some mind altering chemicals to the water supply or maybe they started to put it in jet fuel during late 60's, chemtrails lowering IQ gradually all over the USA. I just hope the IQ goes down rapidly enough those missile silo apes cannot even read the nuclear manuals anymore...

Thu, 11/10/2011 - 13:21 | 1866533 NotApplicable
NotApplicable's picture

Water supply? Think fluoride.

Thu, 11/10/2011 - 13:30 | 1866564 Falcon15
Falcon15's picture

*hands N/A a BIG cigar* And Bingo was his name-o.

Thu, 11/10/2011 - 13:11 | 1866501 Madcow
Madcow's picture

Turns out - that college football is just an elaborate system that makes it easier for rich people to rape little boys - 

http://www.huffingtonpost.com/2011/11/10/penn-state-scandal-rumors-sandusky-pimping_n_1086099.html#comments

 

Thu, 11/10/2011 - 13:20 | 1866522 NotApplicable
NotApplicable's picture

Well, it sure will be interesting to see who those donors were.

Also, since this now has all the appearances of a network, I wonder if there are any ties to the Boystown child-sex trafficking ring?

Could this actually be what undoes the network of pedophiles who rule the world?

Thu, 11/10/2011 - 14:20 | 1866796 tamboo
tamboo's picture

Sodomy is an accepted privilege in Judaistic Talmudism, and we learn from the Talmud, Abodah Zara, 36b, 37a, (see Exhibit 188 and Exhibit 189) that the exception may be if the subject is a Gentile baby, and then only on the ground of alleged defilement. The "Sages" decree that a heathen child causes "defilement by seminal emission, so that an Israelite child should not become accustomed to commit pederasty [i.e. sodomy] with him." Then a harangue commences as to the age when a heathen child starts defiling by discharges (which, in fact, are only possible after adolescence).

The standard idiotic Talmud doctrine is then repeated that a male is "capable of the sexual act" at "nine years and one day" and a female from the age of "three years and one day." From those ages on they can "defile" the Jew, goes the argument in this passage.

 

Gentile Babies Defile

 

Baby boys may always be used as subjects for sodomy by grown men, according to the Talmud. (See Exhibit 54) The Pharisaic subterfuge here is that until a child reaches sexual maturity, capable of sexual intercourse, he or she does not rank as a person, hence Biblical laws against sodomy (pederasty) do not apply. Throughout the Talmud "nine years and one day" is the fictitious age of male maturity.

Babies

 

No one with a grain of common decency could have anything but the utmost denunciation for murdering children in orgies of blood and obscenity. But the Jewish Talmud permits this, today, in the book of Sanhedrin, its supreme “repository” of the criminal law, justified as giving one’s “seed to Molech.”

 

Murdering Children

Thu, 11/10/2011 - 14:44 | 1866913 Vergeltung
Vergeltung's picture

irrelevant garbage.

 

thanks!

 

Thu, 11/10/2011 - 15:27 | 1867134 mayhem_korner
mayhem_korner's picture

No one with a grain of common decency could have anything but the utmost denunciation for murdering children

 

Maybe post that in front of Planned Parenthood and the other "choice" operatives that have slaughtered 50 million unborns in the U.S. since 1973. 

Thu, 11/10/2011 - 13:18 | 1866518 New American Re...
New American Revolution's picture

The real problem is that with this uber congress, the final vestiges of the 'public forum' have been completely removed from the United States Constitution.   Our Constitution is now a blank piece of paper suitable for wiping your ass or starting a fire in the bonfire of our vanity.   It should fail, for ours is an illegal government, as any elected official who has sworn to up-hold our Constitution has violated their pledge.   American is a facist state, a dictatorship by an elite, a banana republic, a kleptocracy of tyrants.  

I'm glad to see it fail, but I pray about the outcome because revolution is in the air.   I'll be out soon, hopefully, together, we can change the world.

Thu, 11/10/2011 - 13:19 | 1866523 Use of Weapons
Use of Weapons's picture

Thing about cards is, as soon as you're on one, you're marked.

 

http://www.youtube.com/watch?v=iYEz2SKxanY

 

 

Thu, 11/10/2011 - 13:22 | 1866535 vegas
vegas's picture

Barbie says, "Math is hard."

AmeriKa isn't America anymore. Crony corporate facism; a permanently dumb-downed electorate that cares more about where Casey Anthony is now, and whether or not the Packers can stay unbeaten in the NFL.

Mussolini and Stalin should be smiling in hell if they could witness this sad state of affairs. It won't end until the food-stamp debit cards can't be filled by borrowing from the Chinese. When that happens, SHTF and you will see rioting in the U.S. like Greece.

Until then, what time is American Idol on tonight?

 

http://vegasxau.blogspot.com

Thu, 11/10/2011 - 13:23 | 1866542 jack stephan
jack stephan's picture

President "Bobby": Mr. Gardner, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives? 
[Long pause
Chance the Gardener: As long as the roots are not severed, all is well. And all will be well in the garden. 
President "Bobby": In the garden. 
Chance the Gardener: Yes. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. 
President "Bobby": Spring and summer. 
Chance the Gardener: Yes. 
President "Bobby": Then fall and winter. 
Chance the Gardener: Yes. 
Benjamin Rand: I think what our insightful young friend is saying is that we welcome the inevitable seasons of nature, but we're upset by the seasons of our economy. 
Chance the Gardener: Yes! There will be growth in the spring! 
Benjamin Rand: Hmm! 
Chance the Gardener: Hmm! 
President "Bobby": Hm. Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time. 
[Benjamin Rand applauds
President "Bobby": I admire your good, solid sense. That's precisely what we lack on Capitol Hill. 

Thu, 11/10/2011 - 13:37 | 1866599 Flakmeister
Flakmeister's picture

So prescient that it is almost fucking scary... that and the movie "Network"

Thu, 11/10/2011 - 13:24 | 1866545 c'mon man
c&#039;mon man's picture

I have doubles of Kerry...anyone want to trade me a Toomey??

Thu, 11/10/2011 - 13:26 | 1866553 williambanzai7
williambanzai7's picture

DEFICIT REDUCTION POLITBURO

Thu, 11/10/2011 - 13:29 | 1866560 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Who's the hot chick?

Hot Chick 2012!

Thu, 11/10/2011 - 13:50 | 1866640 marcusfenix
marcusfenix's picture

...it would certainly be an improvement, if your stuck with picking from mindless teleprompters might as well pick one that looks good in a bikini.

Thu, 11/10/2011 - 14:10 | 1866753 JLee2027
JLee2027's picture

With fake plastic ta-ta's

Thu, 11/10/2011 - 14:46 | 1866925 Vergeltung
Vergeltung's picture

those are real. your boob-fu is off.

 

Thu, 11/10/2011 - 15:22 | 1867113 DaveyJones
DaveyJones's picture

her boobs represent the economy - false ,inflated, and spawning cancerous growth

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