This page has been archived and commenting is disabled.

And The Kickers In Reid's Proposed "Deficit Cutting" Plan Are...

Tyler Durden's picture




 

Following hot on the heels of the proposed Boehner rehashed plan, we get the first details of where the bulk of the $2.7 trillion in proposed savings will come from. Are you ready for this? REID PLAN SAID TO HAVE $1 TRLN SAVINGS FROM WINDING DOWN WARS. That's right. In some parallel galaxy far, far away, lack of expenditures, on America's 6 front wars to be sure, is now considered a "saving"? Front lobe hemorrhage to commence in 5 seconds. And the other migraine-inducing details of the Reiid plan are...

  • REID PLAN WOULD INCLUDE $30 BLN IN FANNIE, FREDDIE CHANGES
  • REID PLAN WOULD INCLUDE $400 BILLION IN INTEREST SAVINGS
  • REID PLAN SAID TO INCLUDE $1.2 TRLN DISCRETIONARY SPENDING CUTS
  • $10-$15 BILLION IN AGRICULTURE SAVINGS
  • and of course... THE CREATION OF A BIPARTISAN PANEL TO FIND FUTURE SAVINGS. I.E. WHY DO IT NOW, WHEN YOU CAN DO IT... NEVER

So $1.2 trillion in discretionary cuts, which means millions in government job losses. What was that about the unemployment rate again? And what the hell is an "interest savings" - is that the interest on the debt that would be incurred if the deficit cuts were not imposed? Or will Reid replace Brian Sack in the Fed's OMO desk and proceed to sell trillions in Long-term bond futures puts to get the 30 Year rate to -infinity?

Even the moronic rating agencies won't hesitate to downgrade the US to F- based on this deranged gobbledygook.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 07/25/2011 - 14:38 | 1491353 schoolsout
schoolsout's picture

I'd laugh if it wasn't so damn sad....

 

 

Mon, 07/25/2011 - 14:39 | 1491361 101 years and c...
101 years and counting's picture

i laughed anyways.  this shit is just way too funny.

Mon, 07/25/2011 - 14:45 | 1491393 redpill
redpill's picture

I'm surprised they haven't come back to Ron Paul's solution of having the Fed destroy their bond holdings.  POOF, national debt goes down $1.6T.

 

Mon, 07/25/2011 - 15:06 | 1491513 max2205
max2205's picture

THAT is A BAG OF SUCK (to quote GW)

Mon, 07/25/2011 - 15:20 | 1491565 aheady
aheady's picture

I know. I can't stop saying that one.

Mon, 07/25/2011 - 15:42 | 1491664 cosmictrainwreck
cosmictrainwreck's picture

dose guys are dumber than a bag o' hammers.......

Mon, 07/25/2011 - 16:09 | 1491843 Popo
Popo's picture

They really don't get it. They're still playing the "re-shuffle the debt cards" game. They don't seem to understand that the game is over.

A bi-partisan committee to find future savings?

Sort of like ... The one you're on NOW????

Mon, 07/25/2011 - 17:56 | 1492219 knukles
knukles's picture

Owwwwh, come on, I kinda like that bi-sexual partner with animal commission to maybe find some potential savings down the raod later on some day in the future when and as it may be necessary.

Mon, 07/25/2011 - 16:34 | 1491973 cramers_tears
cramers_tears's picture
HTML Copy and Paste?! - Zero Hedge Opens Up the Commissary. Military outlays (.980+T) v. budget deficit (1.21T)  -  Comparison with other countries - LET'S JUST BLOW UP SOME MORE SHIT!  Or better yet... VOTE FOR PAUL - 2012.

Military spending as a percentage of GDP

The 2009 U.S. military budget accounts for approximately 40% of global arms spending and is over six times larger than the military budget of China (compared at the nominal US dollar / Renminbi rate, not the PPP rate). The United States and its close allies are responsible for two-thirds to three-quarters of the world's military spending (of which, in turn, the U.S. is responsible for the majority).[31][32][33]

In 2005, the United States spent 4.06% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.6% and less than Saudi Arabia's 10%.[34]information 2006 This is historically low for the United States since it peaked in 1944 at 37.8% of GDP (it reached the lowest point of 3.0% in 1999–2001). Even during the peak of the Vietnam War the percentage reached a high of 9.4% in 1968.[35] Countries like Canada and Germany spend only 1.4% of GDP on their military.

Mon, 07/25/2011 - 14:46 | 1491402 Goldtoothchimp09
Goldtoothchimp09's picture

LOL LOL hahahaha -- Laughing is all that is possible!!

Mon, 07/25/2011 - 15:01 | 1491477 PuppetRepubl1c
PuppetRepubl1c's picture

Some men just want to watch the world burn...!

 

http://youtu.be/efHCdKb5UWc

 

 

 

 

Mon, 07/25/2011 - 15:03 | 1491493 Cleanclog
Cleanclog's picture

Is it possible that Reid and Schumer are trying to induce a migraine in Bachman and the Tea Partiers?

Mon, 07/25/2011 - 15:14 | 1491542 JohnG
JohnG's picture

Heh.  If so, it's effective.  My head has been hurting for days.

Or is that caused by constantly beating my head with a 2x4?

Mon, 07/25/2011 - 15:19 | 1491562 Cash_is_Trash
Cash_is_Trash's picture

Wars go away..

It's the kinetic military action we're all worried about.

Mon, 07/25/2011 - 15:32 | 1491610 JohnG
JohnG's picture

When?  They'll just find or make an excuse for another war.  It's endless and very sad.

Tue, 07/26/2011 - 01:06 | 1493532 StychoKiller
StychoKiller's picture

Just what were those Idjuts in Nevada thinkin' when they re-elected Reid?  (oh, right -- thinking is hard work, better to stick with the Devil you know and all that rot...)

Mon, 07/25/2011 - 15:16 | 1491553 Cole Younger
Cole Younger's picture

I laughed as well as it just proves the politicians do not want to cut spending. They are going to fight spending cuts tooth and nail. In the end, even the republican plan will be accounting schemes, impossible future growth expectation, and hedonic adjustments.

Mon, 07/25/2011 - 15:07 | 1491514 Stoploss
Stoploss's picture

Surely this is bullish, no??

Mon, 07/25/2011 - 15:51 | 1491752 gmrpeabody
gmrpeabody's picture

One would think so, but...

Mon, 07/25/2011 - 15:56 | 1491769 American Sucker
American Sucker's picture

You got the "bull" part right.

Mon, 07/25/2011 - 15:26 | 1491588 Cthonic
Cthonic's picture

Go ahead and laugh.  It's a sign of supreme, and deserved, derision.

Mon, 07/25/2011 - 15:39 | 1491638 Mongrel
Mongrel's picture

Message to Reid from my 4-year-old grandson: "You think you know, but you don't."

Mon, 07/25/2011 - 16:02 | 1491807 cheesewizz
cheesewizz's picture

This is sad http://www.youtube.com/watch?v=ebf171vP74k&feature=topvideos_music and this is sad http://www.bbc.co.uk/news/world-europe-14280210

Our leaders are BUFFOON'S!!! not sad. But lets not split hairs...

Mon, 07/25/2011 - 14:39 | 1491360 Pool Shark
Pool Shark's picture

 

Smoke - and - mirrors

 

Mon, 07/25/2011 - 14:58 | 1491464 Sophist Economicus
Sophist Economicus's picture

Mon, 07/25/2011 - 15:57 | 1491771 gmrpeabody
gmrpeabody's picture

Yep, speechless... me too!

Mon, 07/25/2011 - 16:14 | 1491878 ww2vet
ww2vet's picture

?

Mon, 07/25/2011 - 14:57 | 1491466 Perseid.Rocks
Perseid.Rocks's picture

These geniuses need to figure out where all that excess debt-money is at, then go after it and eliminate it. I never saw a bigger bunch of weenies in my life.

Hey I'm starting to miss that ZH math question already. It's become part of my routine.

Mon, 07/25/2011 - 15:24 | 1491566 mick_richfield
mick_richfield's picture

Hey I'm starting to miss that ZH math question already. It's become part of my routine.

I feel you, bro. 

Here.  I can help.  This is one of the questions I want to propose to qualify for Rater status.

"What is the smallest counting number that will never go to 1 after any number of repetitions of the following 2-part rule:  (1) if the number is even, cut it in half.  (2) if the number is odd, triple it and add 1."

 

Sacrilege !  This is for you, too.    Look ^^^

Mon, 07/25/2011 - 15:37 | 1491629 Perseid.Rocks
Perseid.Rocks's picture

I don't think there is a counting number which matches that description.

Mon, 07/25/2011 - 15:48 | 1491720 dogbreath
dogbreath's picture

junked - smart guy

Mon, 07/25/2011 - 14:57 | 1491467 Sophist Economicus
Sophist Economicus's picture

Sir, you have unjustly insulted two inanimate objects!

Mon, 07/25/2011 - 15:19 | 1491563 Translational Lift
Translational Lift's picture

Same type of Bull Shit as in obummer-care....Pathetic.....

Mon, 07/25/2011 - 15:22 | 1491574 Urban Redneck
Urban Redneck's picture

Smokin boat, if he thinks there's hundreds of billions in interest savings coming, perhaps he should lay off the hard stuff before getting in front a microphone.

Mon, 07/25/2011 - 15:22 | 1491576 Urban Redneck
Urban Redneck's picture

Smokin boat, if he thinks there's hundreds of billions in interest savings coming, perhaps he should lay off the hard stuff before getting in front a microphone.

Mon, 07/25/2011 - 15:34 | 1491624 Blano
Blano's picture

How could interest savings come any other way than REDUCING debt??

Mon, 07/25/2011 - 16:15 | 1491882 pupton
pupton's picture

By defaulting, duh.  hahaha...these fukkin assholes are just winging it at this point. 

Mon, 07/25/2011 - 16:19 | 1491899 Neezer
Neezer's picture

The federal government should use the same FAS157 accounting standard that financials use.... ie, they should mark-to-market their debt. In this bizarro world, the more that congress trashes the USA's creditworthiness with frivolous debt-financed spending, the greater the gains (savings!) that can be booked in current income through lower bond prices on all outstanding treasury bonds.

It's like inventing "perpetual motion", an infinite debt ceiling could lead to infinite interest savings! Brilliant!

Mon, 07/25/2011 - 14:40 | 1491364 Spitzer
Spitzer's picture

gold down for the rest of the week ? me hopes.

Mon, 07/25/2011 - 14:44 | 1491365 EscapeKey
EscapeKey's picture

interest savings = QE to infinity, pushing 30 year yields down below 1%.

as if the wars will ever stop.

edit: reminds me of this

http://www.youtube.com/watch?v=JnX-D4kkPOQ

Mon, 07/25/2011 - 15:05 | 1491508 PuppetRepubl1c
PuppetRepubl1c's picture

awesome clip!

 

and promising to "end the wars" is hilarious, anyone stupid enough to believe that lie should be deported immediately so they can never vote in another election

 

 

 

 

Mon, 07/25/2011 - 15:30 | 1491602 ThirdCoastSurfer
ThirdCoastSurfer's picture

+1

The Treasury budget report from 7/13 beat expectations when the model used to calculate interest payments on Treasuries was adjusted to lower by $60 billion the deficit for June or it would have been -$103.1b instead of -43.1b. 

Mon, 07/25/2011 - 14:40 | 1491366 urbanelf
urbanelf's picture

How much did we save by not bombing Tlon, Uqbar and Orbis Tertius?

Mon, 07/25/2011 - 15:12 | 1491538 Global Hunter
Global Hunter's picture

had to google those...thanks for the laughs, think we saved 1.5 trillion right there!  ha.

Mon, 07/25/2011 - 16:46 | 1492026 Greater Fool
Greater Fool's picture

But if we had bombed them, they would have made some very nice Circular Ruins.

Mon, 07/25/2011 - 14:40 | 1491367 BetTheHouse
BetTheHouse's picture

Weak stuff to be sure.  You know old Harry wants to make it up by raising taxes, but the Senate of course can't do it.  Origination clause, Bitchez! 

Tue, 07/26/2011 - 01:10 | 1493544 StychoKiller
StychoKiller's picture

"Some dayz it just don't pay to gnaw through the leather straps!"

Mon, 07/25/2011 - 14:40 | 1491368 redpill
redpill's picture

Don't forget the "savings" from CPI calculation adjustment.

Mon, 07/25/2011 - 14:42 | 1491376 caerus
caerus's picture

sweet selloff...maybe

Mon, 07/25/2011 - 14:42 | 1491381 Cognitive Dissonance
Cognitive Dissonance's picture

Market just went limp.

Mon, 07/25/2011 - 15:02 | 1491490 GeneMarchbanks
GeneMarchbanks's picture

Boehner plan details straight ahead. There's really three jokes in there if you look closely.

Mon, 07/25/2011 - 15:11 | 1491533 espirit
espirit's picture

I can see it now, O'baminator craters to kicking the can down the road, and this tragedy/comedy fulfils annual wall street criminal bonuses courtesy of Boner.

Green Chutes sheeple, long K-Y jelly.

Mon, 07/25/2011 - 14:43 | 1491383 Beau Tox
Beau Tox's picture

Paul Atreides[Paul Muad'Dib] "I will bend like a Reid in the wind".

Mon, 07/25/2011 - 15:11 | 1491531 Pool Shark
Pool Shark's picture

 

Careful there Beau; "use a pun, go to prison."  ;-)

 

Mon, 07/25/2011 - 16:18 | 1491896 Beau Tox
Beau Tox's picture

If I go to prison for a pun, would they allow me to be called a 'pundit'?

Tue, 07/26/2011 - 01:11 | 1493548 StychoKiller
StychoKiller's picture

"No noose is good noose!"

Mon, 07/25/2011 - 15:36 | 1491628 slewie the pi-rat
slewie the pi-rat's picture

whatever. we are living in a fantasy world of propagananda. waking up, in this context, = default

1) get rid of "(Total score: =1)" and those who lick tyler's butt-plug, who are behind it
2) bring back the fuking junks
3) eat shit. lay eggs. and die young.

Mon, 07/25/2011 - 14:43 | 1491385 baby_BLYTHE
baby_BLYTHE's picture

Should I put my DOW 13k or DOW 11K hat on?

Mon, 07/25/2011 - 14:48 | 1491415 Goldtoothchimp09
Goldtoothchimp09's picture

you don't have a DOW 12,000 bikini handy?!

Mon, 07/25/2011 - 14:53 | 1491441 redpill
redpill's picture

+1

Show me your TIPS!

 

Mon, 07/25/2011 - 14:59 | 1491479 Perseid.Rocks
Perseid.Rocks's picture

That's it, get her talking about her shorts and tops.

Mon, 07/25/2011 - 14:49 | 1491419 SilverDosed
SilverDosed's picture

I'm about to pull out my DOW 130k hat.

Mon, 07/25/2011 - 14:43 | 1491387 cartonero
cartonero's picture

This is all so pointless.  You and your wife can argue all you want about raising your credit card limit but it doesn't mean anything unless the card issuer agrees to it.  Is Ben warming up the QE3 presses or not?  That's the real issue.

Mon, 07/25/2011 - 15:07 | 1491515 crosey
crosey's picture

Where has Bennie been lately?  Someone put a lid on him?

Mon, 07/25/2011 - 15:11 | 1491532 Joe Sixpack
Joe Sixpack's picture

Maybe he couldn't afford another lid?

Mon, 07/25/2011 - 15:23 | 1491577 Use of Weapons
Use of Weapons's picture

Busy in Euroland.

Mon, 07/25/2011 - 15:15 | 1491547 dracos_ghost
dracos_ghost's picture

Currency Repatriation largess coming in 3 ... 2 .... 1 .... Ben can save on ink cartridges.

Mon, 07/25/2011 - 14:44 | 1491388 Rodent Freikorps
Rodent Freikorps's picture

Think of all the money saved, or created by not bombing Moscow.

That has to be at least a Brazillion, or two.

Mon, 07/25/2011 - 14:44 | 1491389 toady
toady's picture

So many ways to 'save'!

Mon, 07/25/2011 - 14:44 | 1491390 caerus
caerus's picture

reid and schumer frontran boehner

Mon, 07/25/2011 - 14:45 | 1491392 brew
brew's picture

reid saying gop is giving into the extremist tea partiers...

Mon, 07/25/2011 - 14:58 | 1491470 brew
brew's picture

Shumer says "this is an offer the republicans can't refuse" in true NY Godfather tenor...

Mon, 07/25/2011 - 14:45 | 1491395 march52011
march52011's picture

lol The democrats want to have time to regroup for the 2012 elections.

They want the lump sum.

Our debt needs to be a major issue during elections, but if the democrats are granted a lump sum, then people in the US will forget about the debt.

 

Mon, 07/25/2011 - 15:19 | 1491560 JohnG
JohnG's picture

What makes you think the vast majority care now?  Or  even know about this farce?

Mon, 07/25/2011 - 15:36 | 1491626 JohnG
JohnG's picture

I did a quick poll.  Called my son, he's 25, got a big HUH?  Doesn't even know.

Called my mom (72), she asked me if it would affect her SS and Medicare.

Not a clue.

Mon, 07/25/2011 - 19:07 | 1492356 gmrpeabody
gmrpeabody's picture

Same response we get!

Do we laugh or cry? Does it matter?

Mon, 07/25/2011 - 18:21 | 1492271 rambo1028
rambo1028's picture

Exactly....no one knows and frankly no one cares out in the general population. Most are already so poor that owning any stocks or pm is just a far away dream. The only thing I think most americans are concerned about right now is keeping their jobs and feeding their families. Thats all they are capable of Concentrating on right now. I think most have realized DC doesnt give a shit bout us and its every man for himself. I think americans feel powerless.... Bc really they are when it comes ti the ruling class....

Mon, 07/25/2011 - 14:46 | 1491401 Dr. Hannibal Lecter
Dr. Hannibal Lecter's picture

I am Lrrr, ruler of the planet Omicron Persei 8, and there will be no end to war in the parallel universe.  Obamageddon is coming.

Mon, 07/25/2011 - 15:30 | 1491604 andybev01
andybev01's picture

"Kittens give Morbo gas."

Tue, 07/26/2011 - 01:15 | 1493552 StychoKiller
StychoKiller's picture

Prof. Farnswoth:  "What do you monsters want?"

Lrr:  "One thing and one thing only:  Quarters!  Millions of allowances of quarters!"

Mon, 07/25/2011 - 14:47 | 1491403 john_connor
john_connor's picture

Paraphrasing Niall Ferguson from a speech a year or so ago...."The butterfly that could flap its wings to bring down the whole system is 'the credibility of fiscal policy.'" 

 

Mon, 07/25/2011 - 14:47 | 1491405 wombats
wombats's picture

Thanks Tyler!  I needed a good laugh this afternoon.  You just cannot make up stuff this funny.

Mon, 07/25/2011 - 14:47 | 1491406 r101958
r101958's picture

That is why he is called Parry Harry. When it is time to jab, he parries. Tea Party 'extremists' he says as he continues to lie about why they want a plan that takes the debt ceiling through the next election.

Mon, 07/25/2011 - 14:47 | 1491407 shushup
shushup's picture

As usual Tyler's sarcasm is wonderful in light of this pathetic topic.

Mon, 07/25/2011 - 14:47 | 1491409 DonnieD
DonnieD's picture

What are Fannie and Freddie "changes"? WTF is that about?

Mon, 07/25/2011 - 14:58 | 1491472 NotApplicable
NotApplicable's picture

I hear they are going to adopt the Groupon model.

Mon, 07/25/2011 - 15:09 | 1491507 The Profit Prophet
The Profit Prophet's picture

They're changing the names to "Fan" and "Fred"....and Reid has calculated 30 billion in toner savings from printing shorter letterhead. Oh yes,.... and no more expensing of hookers and coke!

T.E.I.N. everyone! (Thanks a lot Sac for dropping the signature line...../sarc on) 

Mon, 07/25/2011 - 16:01 | 1491797 DOT
DOT's picture

The header tells me this is " new " Slewie...

nah.... still the same

Mon, 07/25/2011 - 14:47 | 1491410 Seasmoke
Seasmoke's picture

if only we were in more wars , we could "save" even more

Mon, 07/25/2011 - 14:50 | 1491418 Franken_Stein
Franken_Stein's picture

 

And the kicker is:

 

Had John Paulson postponed his sale of his Sino Forest shares just by some 2 weeks, he could have massively minimised his losses.

 

Sino-Forest at $6.52 as we speak.

 

Ouch, that's a double whammy !

Wonder if Muddy Waters is still short.

 

Mon, 07/25/2011 - 15:33 | 1491616 andybev01
andybev01's picture

Thank god; I thought it was just me...

Mon, 07/25/2011 - 14:49 | 1491421 Corn1945
Corn1945's picture

I just can't fathom how someone can buy Treasury bonds backed by these clowns.

Mon, 07/25/2011 - 14:49 | 1491422 apberusdisvet
apberusdisvet's picture

"so many nations still to conquer; so little time left for our latest puppet in the WH"

 

BIS spokesperson

Mon, 07/25/2011 - 14:50 | 1491427 digitlman
digitlman's picture

This is like "the more you spend, the more yuo save!".

No, I'd save more if I didn't spend at all!

 

Mon, 07/25/2011 - 15:34 | 1491621 andybev01
andybev01's picture

It's the shipping & handling where they really get you.

Mon, 07/25/2011 - 14:50 | 1491428 carbonmutant
carbonmutant's picture

Most people seem to forget that our "community organizer" is the one who signed the current debt limits into law...

Mon, 07/25/2011 - 14:50 | 1491429 legal eagle
legal eagle's picture

I dont care how they do it, where they do it, in a budget resolution or elsewhere, but the time is long overdue for us to stop killing brown people and to mind our own fucking business.  Why do we have more soldiers attending to the South Korean border than our own?

Mon, 07/25/2011 - 14:56 | 1491462 dolly madison
dolly madison's picture

+1.  I was very happy to see the talk of winding down wars.

Mon, 07/25/2011 - 15:00 | 1491482 SheepDog-One
SheepDog-One's picture

Nevermind theyre ramping up to attack Syria and Libya next, and therefore kick off WW3! 'Wars ending', may as well have used that line in 1939.

Mon, 07/25/2011 - 15:02 | 1491492 pazmaker
pazmaker's picture

hey you make some great cakes Dolly!    UNfortunately it is just talk!   We would be wise bring our troops home from Korea from Germany, Italy, etc etc

Mon, 07/25/2011 - 15:14 | 1491544 Joe Sixpack
Joe Sixpack's picture

Ron Paul bitchez!

Mon, 07/25/2011 - 15:25 | 1491583 Doyle Hargraves
Doyle Hargraves's picture

+.308

Mon, 07/25/2011 - 15:48 | 1491726 dolly madison
dolly madison's picture

hey you make some great cakes Dolly!   

I better change my persona since I do not at all want to be associated with processed food.

UNfortunately it is just talk!   We would be wise bring our troops home from Korea from Germany, Italy, etc etc

Yeah, it's probably just talk, but hearing the talk at all from congress is amazing.  But, you are right, they won't stop their warring ways unless we make them stop.

Mon, 07/25/2011 - 16:25 | 1491918 DosZap
DosZap's picture

pazz,

 

 

S Korea, I see no way...............their INSANE.

 

 

 

We would just be back with a NEW full scale war, as the NK's would crawl all over that

 

 

 

 

No reason to stay in Iraq, or Trashcanistan.................

NO way to ever win in TCAN.

Endless chasm for  dead men and materials,and $$$$$$$$$$.

 

 

Mon, 07/25/2011 - 15:19 | 1491561 mynhair
mynhair's picture

Wake me when they wind down the war on poverty.  Talk about sinkholes...

Mon, 07/25/2011 - 15:30 | 1491603 legal eagle
legal eagle's picture

An oxymoron if there ever was one.

The war on drugs - throw all the black men in prison

The war on poverty - pay a bunch of white guys in Washington to think about why black men are in prison and can't  feed their family, make food stamps available for everyone, then back to square one.

 

Mon, 07/25/2011 - 15:39 | 1491646 andybev01
Mon, 07/25/2011 - 14:52 | 1491436 ratso
ratso's picture

The evolving details of this pathetic kabuki dance are a tiresome infliction of banality even on those who don't care how bologna is made.

Mon, 07/25/2011 - 14:52 | 1491438 IMA5U
IMA5U's picture

this is a terrible sound byte fest

 

poiticians are painful

Mon, 07/25/2011 - 14:52 | 1491439 Global Hunter
Global Hunter's picture

I really really like the audacity of the "interest savings" part, I think that might even be more insane than calling ending all the wars a savings. 

Mon, 07/25/2011 - 14:53 | 1491440 Eireann go Brach
Eireann go Brach's picture

Jesus I wish the MSM could report like this so folks on main street might just begin to get what is going on, instead it will be translated as Reid is the king of negotiators! Keep up the Great work Tyler!

Mon, 07/25/2011 - 15:11 | 1491529 Dr. Richard Head
Dr. Richard Head's picture

If MSM reported items like this, then they could no longer call television "programming". 

.....and now back to your regularly scheduled programming. 

"love the state and the state will love you.  love the state and the state will love you. love the state and the state will love you."

Mon, 07/25/2011 - 15:42 | 1491666 andybev01
andybev01's picture

"Welcome to Costco. I love you."

Mon, 07/25/2011 - 14:53 | 1491444 adr
adr's picture

Why not say, "We've found a way to cut Federal spending by $100 trillion over the next 100 years by instituting a plan to have a plan with future plans that will call for a new plan that backs up previous plans while still planning on having a plan to reduce the previous plan's overall planned spending."

Wait that is Reid's plan.

Did anyone else catch that the FAA is now shut down? Air traffic controllers are still on the job but the rest of the FAA is to be furloughed until congress passes a new FAA funding bill. I can't believe there isn't total anarchy out there. Man that fluoride is good shiite.

Mon, 07/25/2011 - 15:16 | 1491552 Vic Vinegar
Vic Vinegar's picture

Man that fluoride is good shiite.

Your faucet is almost liking having a Bud Light tap in your house, no? :-)

The Band - The Weight

http://www.youtube.com/watch?v=XY_5JOEmFK0

Mon, 07/25/2011 - 14:54 | 1491446 Lmo Mutton
Lmo Mutton's picture

This is bullish for mercenary stocks.

Should I go with Blackwater or GE?

Mon, 07/25/2011 - 14:54 | 1491447 Lmo Mutton
Lmo Mutton's picture

This is bullish for mercenary stocks.

Should I go with Blackwater or GE?

Mon, 07/25/2011 - 15:08 | 1491520 Vic Vinegar
Vic Vinegar's picture

I think Blackwater is private.  No dividends for you or me on that one.

Mon, 07/25/2011 - 15:16 | 1491551 espirit
espirit's picture

Now known as Xe, pronounced Zee.

Mon, 07/25/2011 - 15:24 | 1491580 Dr. Porkchop
Dr. Porkchop's picture

...and here I thought they were just the exchange rate people.

Mon, 07/25/2011 - 15:30 | 1491599 Use of Weapons
Use of Weapons's picture

The new branding was found to be 110% more sympathetic to Oriental and Middle Eastern clients. So they lost the paw and the folksy rural American name.

 

 

Don't even think I'm joking...

Mon, 07/25/2011 - 15:34 | 1491620 Hansel
Hansel's picture

I don't know its pronunciation, but Xe stands for Christian evangelism.

http://www.truthistreason.net/erik-prince-blackwater-xe-the-new-christia...

Mon, 07/25/2011 - 14:54 | 1491448 Dr. Porkchop
Dr. Porkchop's picture

Winding down the wars is a sensible idea, although the downside is hundreds of thousands of more unemployed, pissed off young people who are trained to kill.

Mon, 07/25/2011 - 14:54 | 1491451 Joebloinvestor
Joebloinvestor's picture

They assume that the US will not face an earthquake or flood or any natural disaster before the trillion is "saved".

Yeah right.

Not even taking into consideration a corrupt administration being voted in and changing the game plan once again.

 

Harry needs to retire.

Mon, 07/25/2011 - 16:36 | 1491981 sasebo
sasebo's picture

A new corrupt administration?

Mon, 07/25/2011 - 14:55 | 1491452 lizzy36
lizzy36's picture

Listening to this crap and expecting a "live from New york its saturday night".

Jesus, this is all theater.

At the end of the day (2-3 years from now) the changes will be forced on the US. They will not come from the blowhard muppets.

Remember the great traders of the financial crisis started preparing in 2004-05. People thought they were crazy.

Start looking for how to play this when the changes are forced upon the USA circa 2014-2015.

Mon, 07/25/2011 - 18:18 | 1492265 Miles Kendig
Miles Kendig's picture

Channeling your inner Gordon_Gekko I see.  Excellent

I do miss GG's rants....

Mon, 07/25/2011 - 14:55 | 1491454 DeltaCharlie
DeltaCharlie's picture

The law of unintended consequences say, bring back the troops to the US where there are no jobs and prospects, the unemployment rate goes sky high, and govt. has to dole out $$$ for food stamps and unemployment benefits and subsidies for housing, etc.

Put your finger in the dike, another leak appears elsewhere!

Mon, 07/25/2011 - 14:58 | 1491473 DonnieD
DonnieD's picture

Welcome to Globalization. Those jobs are long gone and they're never coming back as long as the One-Worlders are in power.

Mon, 07/25/2011 - 15:21 | 1491568 Dirt Rat
Dirt Rat's picture

I think bringing back the troops would be a good idea. With a bunch of unemployed 18-24 year olds, trained to do violence, we might actually get some positive, substantive change in this country, i.e. full scale revolt. Nah, I just don't see that happening.

Mon, 07/25/2011 - 15:31 | 1491607 gdogus erectus
gdogus erectus's picture

I think I put my finger in a dike once.

Mon, 07/25/2011 - 14:55 | 1491455 NotApplicable
NotApplicable's picture

Well, they "killed" Osama after all.

Mission Accomplished!

Mon, 07/25/2011 - 14:55 | 1491456 SheepDog-One
SheepDog-One's picture

OH right the wars that are ending....nevermind we're on 5 war front at present, and 7 by fall....but theyre ending OH OK!

Mon, 07/25/2011 - 15:21 | 1491567 mynhair
mynhair's picture

We're at war with Ohio and Oklahoma?  Say what?

Mon, 07/25/2011 - 14:55 | 1491458 karzai_luver
karzai_luver's picture

Yeah, the costs of defense should be off budget just like the good old Bush days.

Just move it off budget--good for the previous criminal class should be good enough for this bunch.

 

 

Mon, 07/25/2011 - 14:56 | 1491460 TooBearish
TooBearish's picture

WHat Wars?  Have we declared war on someone?

Mon, 07/25/2011 - 14:57 | 1491468 redpill
redpill's picture

Just on "terruh" and drugs.  I can't find either on the map.

Mon, 07/25/2011 - 15:12 | 1491500 Dr. Engali
Dr. Engali's picture

Where would you like to start? War on  Iraq, Libya, Pakistan, Afghanistan, Yemen, drugs, poverty, terror,Christmas, the Easter bunny,Big bird .........blah blah blah blah blah

Mon, 07/25/2011 - 15:41 | 1491655 JohnG
JohnG's picture

It would be funny if it weren't so true.

Mon, 07/25/2011 - 14:57 | 1491463 r101958
r101958's picture

Harry 'The Parry' Reid and Chuck 'The Schmuck' Schumer...what a pair. Just watching these two is like watching a ticker tape parade of lies. They are selling snake oil to us. They remind me of carpetbaggers.

Mon, 07/25/2011 - 14:59 | 1491476 Turd Ferguson
Turd Ferguson's picture

What a joke this entire charade has become.

Mon, 07/25/2011 - 15:16 | 1491550 Pool Shark
Pool Shark's picture

 

Hey Turd! I thought you were on a plane.

Did TSA give you a pretty good frisk?

 

Mon, 07/25/2011 - 15:18 | 1491558 Whalley World
Whalley World's picture

Turd,

A few months back you reco'd EGO with the 16 base, we went long options at 14.50, for a 19 strike, good call, thanks

Mon, 07/25/2011 - 14:59 | 1491478 Dr. Gonzo
Dr. Gonzo's picture

Fat chance. They've never met a war or conquest they didn't like. They're just getting started in Pakistan, Libya, and Iran. They aren't going to let Afghanistan's drug money go unskimed and Iraq's oil profits go unpilfered so not gonna happen.

By-the way. That statement really sounded pathetic and embarrassing. It's like a drug addict saying if you don't force me to go to rehab I'll cut down my coke habbit by 1/4 and only smoke pot on the weekends and limit my alcohol intake to beer and wine only. 

Mon, 07/25/2011 - 15:05 | 1491480 Everybodys All ...
Everybodys All American's picture

Harry Reid is forever an obstruction to real and meaningful reform. I think we are screwed based on where this plan is starting from. Seriously, this is the democratic plan. What do you think the ratings agencies would think? There is no way we can keep our AAA rating.

Mon, 07/25/2011 - 15:00 | 1491484 Sudden Debt
Sudden Debt's picture

OH MY GOD!!

LESS GOVERNMENT WORKERS!!

Just imagine all the services that Americans will have to miss...

 

Mon, 07/25/2011 - 15:39 | 1491641 Uncle Remus
Uncle Remus's picture

I think of it more as not paying for the service I don't get.

Mon, 07/25/2011 - 15:00 | 1491485 MRSAP
MRSAP's picture

LOL this guys so funny... i can´t believe that stuff

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