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And The Kickers In Reid's Proposed "Deficit Cutting" Plan Are...
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.
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Is this a tacky Soap Opera?
Can someone Please hit fast forward ?!?! I'm begging. . .
I personally plan on saving money by counting all of the miles I am not going to drive the rest of this summer. I'm up well over a million, and I've barely made it to August 2nd...Then there's all the money I'm going to save on strip clubs in Vegas...
Although, I'm a bit stuck on the next bit. Do I count as savings all the money I'd loose in Vegas if I don't win??? Or do I count as losses all the money I might win???? It's a real poser, that one is...
Right on dude!
I saved at least that much myself so we're really making progress!
Thank you for fixing RSS feed! :D
I LIKE IT!
Why is this so difficult?
Lower the debt ceiling by 20%/year for the next 5 years. If a proposed budget does not accommodate this target, the budgets will be cut 20% across the board.
Oh, and end the Fed.
as bad as this country is getting, ireland is just laughable. not only was their constituency soft enough to bail out the banks, they will now bail out the vatican!!!! tbtf also includes the roman catholic church!!!
http://www.bloomberg.com/news/2011-07-25/vatican-recalls-irish-ambassador-amid-allegations-on-sex-abuse-reporting.html
any coincedence with the Iranians signing the gas pipeline deal with Syria and Iraq and the fact the gas pipeline between Iran and Pakistan to be completed next year or the deal on the table of Iran running gas through Turkey into Europe or China winning on the TAPI pipeline over Unocal or gas from Russia through another Baltic sea pipe into Europe... looks like the wars in Kosavo and Afganistan for the disto of gas from the Caspian sea were a total loss eh?
I just watched these clowns on TV.....two big show boards but with no numbers....nothing to hook them on...just words of savings.....savings here and there...yeah right....what is so bad about cutting ..actually cutting some government program....or some salary....its all about power...just to watch them speak makes my skin crawl.....creepy
I fully support getting out of those useless wars. In fact, I can't think of a better idea coming from Congress in the last several decades.
After that the plan is pretty useless. But At least he has one idea worthy of consideration.
Unfortunately it totaly ignores the REALITY that by fall we'll attack Syria and Iran, bringing in Russia to WW3. Wars ending? Dont make me laugh.
I think you missed the point.
The decline in expenditures from drawdown of troops in the wars Is Already In The Budget Baseline.
They are double counting. Claiming a cut from the baseline in which the drawdown already exists is entirely bogus.
At this point I just want them to raise the debt ceiling so that:
a) I can buy some gold at a discounted price; and
b) See what the Rating Agencies do in response.
This is great ! The DEM leaders are making complete fools of themselves on Lame Stream Media, and lame Strem Media low brow morons are finding it difficult to support such perile resoponses from Harry " He is a clean cut, well spoken black man" Reid and Chuck sleazebag Schumer.
This is reall good . Sell ES !
This is just like when my wife tells me how much she "saved" us when she spends money on things we don't need that are on sale.
+1 that was perfect What. just perfect.
Another great bit; define what exactly is meant by 'inventory reduction sale'...
i can tell he spent all weekend on this plan.
This man is such an embarrassment to Nevada. I cannot believe the casinos gave him all those contributions, free rooms, food and party entertainment just so he would stay in office and cater to the dead casinos. What a pathetic human being.
Savings from wars we never should have started. Beyond words.
banksters-
"here is one plan for you harry, and here's yours john, now go have fun"
absurd
Wind down the wars? The military is a jobs plan. Not a lot of demand for battle hardened vets here in the anemic private sector. Not to mention all those in the "private" sector whose jobs relies on the military industrial complex.
Debt deal or not.
AAPL remains pinned at lifetime highs, unable to sell off even $5 with all this nerve wracking news rolling out on a daily basis.
Wow! Bravo for AAPL. A global company that is earning money because they can hire people in China, India and the PI for peanuts compared to here. Then they sell those goods overseas. 62% of products sold overseas. Maybe they should publish how many employees they have overseas as compared to here. The HQ is here but that is about it.
Ahhh, but you miss the point.
aPPLE is located on an Infinite Loop; it has an incalculable number of U.S. based employees . . .
http://maps.google.com/maps?hl=en&q=1+Infinite+Loop+Cupertino,+CA+95014&bav=on.2,or.r_gc.r_pw.&biw=1440&bih=742&wrapid=tlif131162256232410&um=1&ie=UTF-8&sa=N&tab=wl
"pinned at lifetime highs" (bitchez) pinned there, I say.... can't come down without a crowbar, maybe?
I got a cool idea! Why not everyone in the US go to their bank and borrow $46K or whatever amout the government needs and send it to them. After that, everyone should default on those loans and ask for a bailout......
obummer said....
"The idea of doing things on my own is very tempting. I promise you, not just on immigration reform. But that's not how our system works. That's not how our democracy functions. That's not how our Constitution is written," Obama said at the National Council of La Raza's annual conference.
hmmm, he doesn't want to have to worry about constitutional issues......my, my.......
http://edition.cnn.com/2011/POLITICS/07/25/obama.la.raza/
He actually said that?
Well, when America changes it's mind and decides it needs a dictator instead of a public servant, Obama is no doubt the first one that will come to mind.
And La Raza ("the race") : Just had a lowrider car show in a Seattle suburb that turned into a gangsta shootout, wounding ten. Bamm's timing is good.
He actually said that?
Well, when America changes it's mind and decides it needs a dictator instead of a public servant, Obama is no doubt the first one that will come to mind.
And La Raza ("the race") : Just had a lowrider car show in a Seattle suburb that turned into a gangsta shootout, wounding ten. Bamm's timing is good.
Do you realize that cocksucker signed into law the "dream act" last friday to absolutely no fan fare from the MSM using an executive order? google it.
someone left the BACK DOOR open, feels DRAFTY. . .
BWAHAHAHAHA....keep rearranging those deckchairs bitchez!!!
This just in, compromise plan to reduce deficits makes $3tr in savings by building 10 less starfleet battleships in the years 2350-2355.
He showed more package than Weiner and this is all he's got? Wow.
Since we're playing by those rules: Americans already paid a 13% inflation tax on everything, not just income, so perhaps everyone should take the full tax credit on our 2011 1040s. Seems more than fair to me.
Laughable.
Not a serious plan at all. These monkeys are heading straight over the mother fucking cliff.
These are trained monkeys. I'm convinced they're on plan and they are doing a bang up job at it.
Never let a crisis go to waste. No crisis? No problem. A manufactured one works just as well.
Breaking News from Reuters:
Is that enough savings now?
Why don't they wind down the bailouts and financial guarantees for Wallstreet. Why don't they indict the criminals that caused this whole mess? Why don't they remove all guarantees for the Fed's balance sheet? Shut down Fannie and Freddie and lower the limits on FHA to $100k. Pull all foreign swaps and backstops for foreign banks.
Try auditing all the people leeching off the Social security DI system.
Anyone that believes anything Reid or Schumer say are complete idiots. The BS gets deeper with every lie.
THE CREATION OF A BIPARTISAN PANEL TO FIND FUTURE SAVINGS
Didn't we just have a panel do this very same thing? For cripes sakes...grow some fucking balls.
Hold on to your little gonads and strife...
http://www.albinoblacksheep.com/flash/weeee
I don't understand the tone of this article, suggesting that we should not cut pentagon funding. Did I misread something? It's been disgusting that the MSM continues to discuss various ways to solve our budget crisis, but the pentagon budget is never mentioned. Following Ron Paul's plan of bringing all of our troops home and closing up expensive unnecessary military bases overseas is a certainty when the country is insolvent. There isn't money to pay for it all. We'd be smart to pull the troops in now, on our own terms, rather than rush them home with tail between our legs as our checks are bouncing left and right. USSR ran out of money and folded, not too long ago. Before that I am sure there are plenty of examples. To suggest that we should continue to act as Israel's attack dog military wherever the false flags fly, is an insult.
Confiscation of all wealth by the democrats can't be far behind. If you will believe this plan than don't dispute the prior.
They were in my neighborhood today going door to door.
Shouldn't be much longer until they reach yours.
It's just better that way.
Winding down the wars is a good thing. I'd rather have soldiers home and unemployed than committing suicide, which is presently 18 EACH DAY, upon returning from war.
overcrowding?
"If mentally incapacitated troops are being drugged with dangerous, mind-altering drugs and deployed to battle against their will, how can we say that we have a volunteer army?" asked Alliance for Human Research Protection, the national network dedicated to advancing responsible and ethical medical research practices.
This is just one of the many criticisms being levied against the U.S. military in light of its liberal use of prescription medication, which is now being linked to rising suicide rates among soldiers.
http://www.naturalnews.com/032598_veterans_suicide.html
Military / Banking / Pharma complex, working as intended.
Well I guess this will help solve high prices, they are letting in MEXICAN TRUCKS ALL OVER THE USA as of AUGUST , when the hell did tis happen?
link is here Mexico Says First Trucks to Operate in U.S. by Early September http://www.laht.com/article.asp?CategoryId=14091&ArticleId=409212
Like Bahrain / Saudi using Pakistanis in their secret police, you want non-nationals driving those trucks to FEMA camps.
*cough*
[edit - someone gave me a +1, turns out I can give myself a +1 - so apologies, I'm not hawking my own wares, just not used to the new format]
this idea has been in the works for years
it is for "free trade" reasons (or at least it usta be/started out that way) and the road to connect cananda and mexico just happens to run thru the middle of the usa
Winding down the wars is a good thing. I'd rather have soldiers home and unemployed than committing suicide, which is presently 18 EACH DAY, upon returning from war.
Winding down the wars is a good thing. I'd rather have soldiers home and unemployed than committing suicide, which is presently 18 EACH DAY, upon returning from war.
I propose a package that includes $2 Trillion in savings by winding down the cold war
Reid and Schumer. Their stripes never change. They are what we thought they were. They will always be massive government, pro-tax liberals. And counting of "cuts" from wars and "cuts" from the "rate of increase" in spending is ridiculous.
They have never been trustworthy. Check the balance of our national debt, which they supported spending at every turn. They would have been fired in any other business for their performance. And they and Obama want more of the same policy's that got us here.
These current clowns are about as opposite from Jefferson and Adams as you can get. I'll stick with the ideals of the founders.
Too bad the republicans are the party of deficits don't matter while governing while cross dressing as fiscal conservatives when grubbing for votes. Both political parties are a total waste and cannot be trusted to do anything BUT what is in the bankers & lawyers best interests
These clowns, Boehner, Reid, McConnell, Pelosi, Cantor et al are channeling their teachers union and management tactics. Gimmie what I want or there will be MAD. No wonder Krugman suggests kicking the can is the best option.
And all this is supposed to represent reason?
So how about we say that since we ended the war in Vietnam we can count those savings too?
Then Nixon would get the credit. Win!
Since we are about to do regular port calls in Vietnam and station troops there to help "stabilize" the south China Sea I would hold off on attempting to put those credits in the bank
Yes! The parties are eating each other.
Republicans need to turn it into "let's lower the debt ceiling".
The proposal by Reid tells you how far they are away from a deal. They're still talking terms that are non-starters.
When something is pinned at all time highs and a new paradign is announced, where does it always end up?
The only reason they would recall all the soldiers if they need them here to use against you.
The lesson of maginox is to make sure your border defences can face inward.
I was under the impression Fanny and Freddie weren't even included in the $14T calculation?
running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods... running thru the woods...
.
BOOM you save money
slewie's "compromise" tax proposal:
a new tax for doctors, medical corporations, big pharma & small pharma (pharmacies) to = 1/2 of the goobermint payments to these entities. all entities shall be taxed, whether they are part of any "problem" or not.
Pharma is the third leg of the stool (pun for u slew!) - shit would get un-stable fast if you kick the LEGAL DRUGS out of the Military / Banking complex-ity.
there's a reason over 10% of amrkns are pro-zac'd, and it's dumping into the water supply for involuntary uptakes. . .
happy meals, happy pills, happy campers. go amrka!
We're at War again? I thought the Nobel Peace Prize Winner ended all those conflicts?
Expect more of the same tonight when El Presidente blathers on about why it won't work without putting "his plan" on paper.
The savings are always in the "out" years. We need those savings now.
Re: 14th Amendment talk: it says the Debt of the United States shall not be repudiated. Seems to me this is for outstanding debt and likely would include any new debt incurred as a result of spending authorized by Congress.
What this does not say is that spending without a budget is authorized; nor that the President can spend willy nilly and then hand the bill to Congress.
Conclusion:if the Prez took this action, the Prez cannot raise the debt ceiling other than to avoid repudiation of the debt - e.g., still won't stop other govt programs from running out of money. No repudiation of debt in that case; we're paying the interest and principle.
Looking forward to another "scare the people" speech tonight.
FLY,
The PRES cannot use the 14th.
He would be usurping the Legislative Branch, meaning ass in hot water.
there's a lot he can't do
wait till friday
the "new" white house will look like the Humble Pie Outlet Store
or perhaps the Clarion Call to... ?
r_paul seems to enjoy heaping poli coals upon the heads of the other side
he keeps putting "default" & "social security checks" in the same sentence
sad, really
poli compulsions are pretty hard to handle, tho...
How many times are the Democrats going to use this "war savings" accounting trick. Didn't they use it last year too? Assume the peak "surge" level war related spending continues for 10 years, then say we'll pull out this year. Poof, money saved. I think even Andy Fastow would have considered that illegal.
now, now, quant_eon
thou shalt not slander the name of the archetypal ponzi-enabler
Send PM Harper a 500 billion dollar invoice for past, current, and future military protection. Anex Canada if the bill is not paid. What's another small war.
Reid: "We will surely save 4 trillion. By not spending it we can count it as savings" ... "Our plan saves 4 trillion"
Bear: "I will make a billion dollars next month by not losing it in the market" ... "I feel like a billionaire already"
Cry Me a River..............................O.T., but relevant.
Where all of will be soon................
http://articles.cnn.com/2011-07-21/us/rhode.island.pensioners_1_retirees-pensions-social-security-benefits?_s=PM:US
What happened was that Reid came up with this quick obfuscation in order to make it look like it will happen but it won't.
Easy to fix debt problem. Just like the banks you create a Good Bank and Bad Bank.
Create a good USA and bad USA. Have all the debt loaded on Wisconsin or something and then break them from the Union and off we go! They develop their own currency, etc.
Also if you state is currently shutdown...you can't run for election.
Not sure this whole 2 party system thing is working anymore? Anyone?
lmao
i see you doing stand-up here
+ thx +
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