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

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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
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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.

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