The Bipartisan Debt Deal Fact Sheet: A "Victory" For The Republicans, The Democrats And, Of Course, The White House

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Mon, 08/01/2011 - 00:48 | 1511591 Mr Lennon Hendrix
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"Victory, bitchez!"

-Richard Millhouse Nixon

Mon, 08/01/2011 - 00:58 | 1511611 Vic Vinegar
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Thanks for the laugh before bed...that was really nice.

I spent some time volunteering at the Richard Nixon Library because I have a soft-spot in my heart for the man.  A lot of people here think JFK was the last-best chance we had, but I say RN really tried to do right.  It's just that by the time he got in there, shit was too fucked up to fix.

Mon, 08/01/2011 - 01:30 | 1511672 Temporalist
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You must be licking the glue off the book bindings in that library you volunteer at.

Mon, 08/01/2011 - 01:32 | 1511673 Vic Vinegar
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Nah I'm just licking the waxing glue off my upper lip:

Mon, 08/01/2011 - 02:12 | 1511720 Bananamerican
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"RN really tried to do right"

yup. One "enemy" at a time...

Mon, 08/01/2011 - 02:23 | 1511730 Vic Vinegar
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How do you think you, I or Ron Paul would do if we found ourselves in that hot-pot?  

Wait, don't answer that question, because none of those things are going to happen.  

Have a nice night, Bananamerican.

Mon, 08/01/2011 - 02:32 | 1511738 Bananamerican
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I think you would probably suck...

Ron Paul would be fine...

but i would kick absolute ASS!

"Bananamerican 2012...Rope and Range"

Mon, 08/01/2011 - 02:38 | 1511741 Vic Vinegar
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If I could, I'd vote the genesis of this conversation - Mr. Lennon Hendrix - to be benevolent dictator of the universe.  Sadly that's not going to happen :-(

Yeah, I'd probably suck.  I'd just be in it for the pussy.

Mon, 08/01/2011 - 05:18 | 1511828 A.W.E.S.O.M.-O 4000
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And as everybody knows Nixon got laid like a motherfucker!

Mon, 08/01/2011 - 05:30 | 1511836 Ghordius
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Skunk "Le Phew"? Is it you, DSK?  ;-)

Mon, 08/01/2011 - 07:04 | 1511894 optimator
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Yeah, I remember that sex crazed Nixon.  He wouldn't do a thing with out kissingher.

Mon, 08/01/2011 - 10:21 | 1512427 Ra-Marduk
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Vic Sour Vinegar, you my fried are a baffoon. The best thing about your posts is I get to look at your avatar. I would like a piece of that.

Mon, 08/01/2011 - 02:57 | 1511757 Vic Vinegar
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Replying to myself because I am talking to Tyler

Tyler - this is your website, do with it what you wish.  I thank you for not kicking me out just as I thank you for not coming down to where I work and knocking the dick out of my mouth.

But look at this - I open myself up on the Richard Nixon comment and am sitting at a +3 to -11.  Why should I not fuck with these other peoples' shit?

Anyhow, I have no more answers than the next guy.  

Here's a genuinely good tune for all you spacemonkeys.  Goodnight and goodluck to all of you.

Mon, 08/01/2011 - 03:19 | 1511770 Vic Vinegar
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I will log off from my computer tonight sitting at +3 to -13.  

I guess the one takeaway we can all have from this site is that human beings love clicking on red and green arrows to express their passions.  So it goes.

Mon, 08/01/2011 - 08:28 | 1512035 LeBalance
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lol, Tricky Dicky was Prescott's picked "boy."  Another Bush in the White House.

Mon, 08/01/2011 - 03:41 | 1511779 A Man without Q...
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The problem for many people on this site is that it was Nixon's decision to finally end all links between the Dollar and gold that guaranteed the death of the Dollar (though it made a lot of corporations very rich.)  Add to that, Nixon's distractions allowed the likes of Kissinger to turn South East Asia into his own personal game of Risk, leading to hundreds of thousands of pointless deaths on all sides and in countries where the US was never officially "there".

In my personal opinion, Carter tried to do what he thought right - he was certainly the last leader to try to speak to the people as adults, but he was crucified for suggesting there was a limit to America's wealth.... 


Mon, 08/01/2011 - 05:03 | 1511819 Ghordius
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Nixon, in his way, "saved" the Dollar. He took a logical conclusion, i.e. that the gold reserves were not sufficient to fight that much war.

Carter "blinked". I wonder how Bush or Obama would have handled the hostage affair? Many hate him for "showing weakness".

At the end, it all comes down to what the electorate feels and wants.

War against Terror? Here, money. War against Drugs? Here, more money. War against Poverty? Here, money! War against any losses in the Stock Market and Banks? Here, humungus amounts of money. War against High Prices at the Pump Station? ...

Mon, 08/01/2011 - 06:59 | 1511887 Optimusprime
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Excuse me--"the electorate" was overwhelmingly against covering losses in the Stock Market and Banks.


An argument could be made that what "the electorate" wants is not important--the point of our fascinating "political process" is to pretend to offer "choice" to the electorate (via representatives of course) that has been narrowed down to alternatives that manage to miss the point of what the electorate actually wants.  What truly matters is what the banks, the corporations, the MIC, etc., want.  


Only because our elites themselves have differences of timing, emphasis, and opinion about the best ways to maintain themselves is there any "debate" at all.  "The electorate" is just along for the ride. 


The whole point of the (pre-Koch bros.) Tea Party is to actually inject "electorate" input into the political process.  It may indeed be naive, even Quixotic.  But lovable, IMO.

Mon, 08/01/2011 - 04:18 | 1511789 Incubus
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Say what the fuck you want.  When you're capable of saying whatever the hell you want--without regard for any asshole(s) who carry/carries relative social weight in stupid ass blogging circles--then you'll be "free."



The problem with humanity is that almost everyone is too concerned about the opinions of other people: people are shit, so are their opinions, and whatever the fuck else they esteem. Look at society falling apart--and you'll trust yourself to place any degree of worth on the very products of this social system?



Mon, 08/01/2011 - 01:11 | 1511641 BlackholeDivestment
Mon, 08/01/2011 - 00:49 | 1511593 The Third Man
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What a laughingstock we must be to the rest of the world.

Mon, 08/01/2011 - 01:35 | 1511678 TruthInSunshine
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What a laughingstock we must be to the rest of the world.

The Ponzinomics, fractional reserve, fiatski-laden, toxic debt infused, ebola infested balance sheet economies of our planet are more the rule than the exception.

One thing is for sure, however, amongst every nation that is branded with the long arm of the Red Shield:

Austerity is just another word for central planning, whereby the productive class is sucked dry by government, so that the cronies around the crony capitalism/kleptocratic roundtable can suckle at the taxpayer teat.

This will only worsen what is now becoming our economic depression and hasten the demise of the Ponzi, however, and I had always maintained that the productive members of the middle class and upper middle class would have to feel extreme pain before they did anything to educate themselves as to how the bankers own this government, literally (this is not taught in American Educational Textbooks), and how their effort, blood, sweat and tears is being literally stolen from them, in order to nurse the very low and very high extremes of society.

2008 marked the true beginning in the final phase of the new Great Train Robbery, whereby the thug politicians managed to maintain support for the welfare class (now 3rd and 4th generation who don't know of any other form of subsistence), and dramatically increased transfer payments extracted from the meaty center of the (now shrinking) middle and upper middle class, in order to absolutely plow those monies into the hands of the do nothing, shape shifters of Wall Street and the banks, which have received and will now continue to receive an aggregate sum of 'free and risk free' money in an amount that would make even despots and Robber Barons blush with embarassment.

Bring on the full depression, because economic pain is the only thing that will cause the necessary revolt that will forge the interest, determination and willingness to act on the part of the middle and upper middle class (whom the parasites feed off of) that will allow for a culling of the treasonous politicians that sold the nation out.

America is deathly ill due to a now incurable parasitic infestation. The host is near death. This 2008 to 20xx? process of subsidization of the banks and Wall Street via taxpayers shakedowns is the event that takes us to the Great Reset.


Mon, 08/01/2011 - 01:49 | 1511694 Mr Lennon Hendrix
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How did you get the transcrpit from yesterday's phone conversation between the banksters and Congressmen?


Mon, 08/01/2011 - 01:54 | 1511704 TruthInSunshine
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Banksters are the epitomne of whoredom.

Even the fattest amongst them will stoop to the most degrading and compromising acts for a buck or two.

This compulsive, moral depravity has been bred into them.

Mon, 08/01/2011 - 04:30 | 1511802 Ghordius
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The fact that they have achieved "critical mass" is what makes them "depraved".

If they had smaller, restricted banks which have to default if they make mistakes, then they would behave differently.

Remember the "Baby Bells"? Now, this could be a solution. Too big = too bad.

Mon, 08/01/2011 - 08:31 | 1512039 LeBalance
LeBalance's picture do you suppose they got into the Fraternity (SnB) that got them the seat in the Bank?

Mon, 08/01/2011 - 09:04 | 1512123 Muddy1
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When you say (they) "will stoop to the most degrading and compromising acts" I'm assuming you mean they will bend over, or drop to their knees, which ever it takes.

My dad ALWAYS said that the two lowest forms of life on the planet are bankers and lawyers.  After seeing what that bunch of lawyers in congress is trying to do to the US taxpayer on behalf of the bankers I sadly know he was right again.  I'm not sure the bankers are the epitome of whoredom.  At least a whore can give you a good time.  The bankers merely take our money, screw us over. and leave us with an STD resulting in poverty and serfdom. 

Mon, 08/01/2011 - 02:19 | 1511727 JR
JR's picture

Well said, TruthInSunshine; a keeper.

Mon, 08/01/2011 - 02:44 | 1511747 Havana White
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A week ago the White House wouldn't have called this shared sacrifice.  Where, exactly is the sacrifice by the rich?  Not here.  Every Dem must vote against this, if he/she maintains any vestige of integrity.

Obama is a fraud, his campaign promises have become broken lies.  Of course I knew these things when he turned over the purse strings to Goldman Sachs.

When you see his re-election ads, understand they're paid for by Wall Street and big banking.

By the way, Obama, did you have any qualms at all about entertaining the Bahraini torturers at the White House a few weeks ago?  The ones you've given your full support and blessings? Oh, that's right... you yourself continue ordering torture.  Nice conscience there, too.

Mon, 08/01/2011 - 04:23 | 1511796 Ghordius
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Sorry, I disagree.
As far as I know, most of the rest of the world is scared shitless, and the new antics of US Politics don't help.
Your post has a few good examples of why there is much to fear:

1) "Red Shield" - this silly stuff distracts every discussion about banking reform. Focus on the NEXT "Great Train Robbery" from the TBTF Banks.
2) "Austerity" - also a word that stopped having any meaning, nowadays used to say "I'm increasing my debts by 15% only instead of 25%"

I agree with you on many general items. But you implicitly asked what the "rest of the world thinks". Well: fractional reserve, austerity, sensible budgets, etc., while not perfect, can function for a long time. Statistically, the USD was born as fiat in 1971, so it could last until 2041. Perhaps with a few zeros on new notes, ok. Still, this happened to a lot of countries, get over with it.
This whole kabuki theater was staged so that a fraction of the US population (let's say "Tea Party") could vent the pent up (righteous) anger. By threathening everyone and everything. And behaving as if the "End of the World" is the same as "USA having to face a difficult situation which will take several years to fix".
The Rest of the World has lots to fear from the (unnecessary) "Great Reset Death Wish Please let's have Heaven or Hell on Earth. NOW immediately, I'm not used to wait for anything." Spoiled Brat with Nukes?

Mon, 08/01/2011 - 06:18 | 1511860 Mentaliusanything
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Truth in Sunshine - Sir, with respect, they are not done with you yet.

You have no real GST (VAT) tax

You have no Carbon Tax

You have no congestion tax 

You have No Bank transaction taxes

Tolls on every street.

electronic monitoring

Touch tag.

Life monitoring and chipping

If fact I can name the whole death of the thousand cuts that you are yet to experience.

You were born to be not only sheared

But to bleed by the death by a thousand (salted) cuts.

You are only to be born, indoctrinated, then to live, consume and die.

It is to come my friend.

The Morlocks win

Mon, 08/01/2011 - 09:12 | 1512148 Ghordius
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Half of the above is already here in Europe. See how progressive we are?

Tue, 08/02/2011 - 14:32 | 1517676 Incubus
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The upper class likes to think they're in charge.  They'll push and push and push.  Eventually, though, they get bitchslapped and reminded of who's really in charge. 

Their existence rests entirely upon placating the masses.  The question is not IF but WHEN the heads will roll. 

Mon, 08/01/2011 - 07:24 | 1511920 Dental Floss Tycoon
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BTruthInSunshine said: Bring on the full depression, because economic pain is the only thing that will cause the necessary revolt that will forge the interest, determination and willingness to act on the part of the middle and upper middle class (whom the parasites feed off of) that will allow for a culling of the treasonous politicians that sold the nation out.

Be careful what you wish for.  Revolutionary outcomes are a mixed lot.  A few days ago in another article here Brandon Smith said: 

"Financial calamities are not dangerous because of the poverty they leave in their wake; they are dangerous because of the doors to malevolence that they leave open."

We are all in for a very interesting time.


Mon, 08/01/2011 - 08:12 | 1512005 Ace Ventura
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+ 1776

Mon, 08/01/2011 - 07:03 | 1511893 BandGap
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Don't kid yourself, "the rest of the world" is looking to the US for their next move. Even lemmings have a lead lemming.

Let he who is without sin cast the first aspersion.

Tue, 08/02/2011 - 14:37 | 1517701 Incubus
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It usually takes a real dumbass to be willing enough to "lead." 


A fool thinks himself more capable than he really is. 

Mon, 08/01/2011 - 07:36 | 1511940 nedwardkelly
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My favorite part is how such a significant raise in the ceiling is what they credit with 'eliminating the need for further increases until 2013.' Ya know, if you actually slashed spending, you might be able to reduce the need for further increases indefinitely....

Mon, 08/01/2011 - 00:50 | 1511594 goldsaver
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and we are surprised because....

Mon, 08/01/2011 - 00:50 | 1511595 Moe Howard
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Any one of my three congresscritters that votes for this is in for a long fight at the ballot box.

Mon, 08/01/2011 - 00:51 | 1511596 Timmay
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Mon, 08/01/2011 - 08:32 | 1512042 LeBalance
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Mon, 08/01/2011 - 00:52 | 1511598 Peter_Griffin
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3 winners and 1 loser.  Even if the one loser is 99% of American's, it's still a 75% w/l (winner/loser) ratio.  Bravo congress!!  Right?

Mon, 08/01/2011 - 00:52 | 1511599 YesWeKahn
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I think they really fell short. Obama should simply remove the limit, that would be a Winnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn.

Mon, 08/01/2011 - 05:55 | 1511846 AbandonShip
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Yeah, I got a question:  What do they mean by "at least" in this statement, "President authorized to increase the debt limit by at least $2.1 trillion" ?

How far down the road exactly is Obama authorized to kick that can?

Mon, 08/01/2011 - 00:53 | 1511601 Buck Johnson
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I take it back, this might pass.  Because essentially he promised everybody everything, as long as he doesn't have to make any hard decisions before the election.

Mon, 08/01/2011 - 00:57 | 1511609 Mr Lennon Hendrix
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Obama don't eat no peas.

Mon, 08/01/2011 - 01:12 | 1511645 Mike2756
Mike2756's picture

Not the Tea party.

Mon, 08/01/2011 - 04:25 | 1511800 Incubus
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I'm gonna pitch the idea for a "Pea Party" 


or Pee party, whichever... just mail me the check.

Mon, 08/01/2011 - 00:55 | 1511605 static
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Thank God that cloud of uncertainty has been that clear sirs?

Crystal Sir...Crystal!

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