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Boehner Deficit Plan Passes: Here Is What Happens Next

Tyler Durden's picture


As expected, the revised revised Boehner plan has passed the Congress garnering the required 216 votes to be successful (218-210 to be precise). And now that the ball is in the Senate's court, here is was happens over the next 3 days...

Via Nancy Vanden Houten of Stone McCarthy.

Majority Leader Reid today set the wheels in motion for the Senate to begin consideration of the House bill, assuming it passes, or his own debt ceiling/deficit reduction plan.

Our understanding of the procedures in the Senate is pretty basic, but the bottom line seems to be that the soonest we would see any meaningful vote in the Senate would be shortly after midnight on Saturday (i.e. early Sunday morning.) It's not clear to us whether that initial vote would be on some version of the House bill, Reid's original proposal, or Reid's proposal modified based on recommendations from Minority Leader McConnell. Without Republican input on the legislation, the odds of filibuster go up. People with more knowledge of the workings of the Senate than we have are looking for another procedural vote on Monday morning, and a final vote on some piece of legislation on Tuesday (August 2.)

Putting the logistics of the Senate aside, Reid is going to have to make some adjustments to his bill to get enough Republican support so that Republicans don't block legislation through filibusters or other tactics.

Assuming Reid can get the Senate to pass some piece of legislation, some compromise will still have to be worked out with the House. If Speaker Boehner wants to be part of a compromise that prevents default, he's going to have to shift gears in a major way. In the last couple of days, he's been working overtime to get support for his bill from members of his own party. If he wants to push through compromise legislation, he's going to have to court some Democrats, because he'll surely lose Republican votes on any compromise with Democrats.

As we noted in our comment Monday, the original Boehner and Reid plans had enough in common to suggest grounds for compromise.

The biggest stumbling block will continue to be the House bill's provision that calls for the debt limit to be increased in two steps, with the first increase only lasting through the end of this year or early this year. We don't think Senate Democrats and the White House would concede to that. As we noted in our update Monday, both the original House and Senate bills call for a new Congressional committee to make recommendations for long-term deficit reduction. The House bill made the second increase in the debt limit contingent on Congress adopting those recommendations. There are no consequences for failing to adopt the committee's recommendations in the Senate bill.

We think Senate Democrats would agree to adding some mechanism to their bill to force the adoption of the Committee's recommendations. Indeed, President Obama said today he could support some sort of enforcement mechanism if it was "smart and balanced." We don't think Democrats would support the enforcing mechanisms in either version of the House bill -- i.e. making a debt limit increase dependent on Congress adopting the new committee's deficit reduction recommendations in the first bill, or Congress adopting a balanced budget amendment in the latest version. However, Senate Democrats do seem open to requiring a vote on a balanced budget amendment as part of a compromise.

The bottom line: To get legislation to raise the debt limit, some bi-partisan cooperation will be required. Senator Reid will need to work with Republicans to move a bill through the Senate, and House Speaker Boehner will need to start wooing Democrats because he's sure to lose Republican votes for any legislation that makes some concessions to Democrats. Given the procedures in the Senate, this isn't likely to be resolved before Tuesday. If the two sides are making progress, we think there is a good chance we would see a very short-term increase in the debt ceiling lasting for a matter of days.


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Fri, 07/29/2011 - 18:22 | 1506634 Tom Servo
Tom Servo's picture

Gridlock, bitchez!!!

Fri, 07/29/2011 - 18:27 | 1506650 NewThor
NewThor's picture


Uh. Where can I read the bill, bitchez?

Fri, 07/29/2011 - 18:47 | 1506709 andybev01
andybev01's picture

Congress hasn't read it, why should you?

Fri, 07/29/2011 - 19:11 | 1506768 AldousHuxley
AldousHuxley's picture

To see what kind of bs debt slavery congress sign us up for....


look out for sneaky stuff like limits on private gold holdings.


Happened before in US, it can certainly happen again.

Fri, 07/29/2011 - 19:54 | 1506875 Arthor Bearing
Arthor Bearing's picture

Thread hijack, but it's important: Congress is the entire legislative branch, it includes both the Senate and the House of Representatives. The bill passed the House of Reps but probably won't get out of congress

Fri, 07/29/2011 - 20:06 | 1506892 flacon
flacon's picture

If the term congressman refers to both chambers, and a Senator is what we call a person from the Senate then what do we call a person from the House? 

Fri, 07/29/2011 - 20:12 | 1506903 hound dog vigilante
hound dog vigilante's picture


a 'representative'.

Fri, 07/29/2011 - 20:32 | 1506934 edotabin
edotabin's picture

some refer to them as representathieves

Fri, 07/29/2011 - 21:11 | 1506989 clymer
clymer's picture

Not for nothing, but all this wrangling back and forth about "service the debt" this, and "honour your debt" that is bullshit. What the fuck is wrong with "we, the elected representatives of our constituency hereby resume our power of the purse, and declare this debt null and void of any legitimacy, for two reasons: 1.) Unscrupulous and interbred douche bags managed bribed a corrupt few into even passing the federal reserve act in 1913 during a dead Christmas break while most were out of session, and 2.) The constitution stipulates that the congress, being the closest body of government to the people will now follow the law, which specifically designates nothing but gold and silver Coin a Tender in Payment of Debts. You don't need to find where in the constitution it says the federal government is not allowed to print unbacked paper. You must find where it gives the right to them. ALL other rights belong to the people and the states. Look on your FRNs "This note is legal tender for all debts public and private"

That statement and the fact that States uphold it, is where this is BLATANTLY Unconstitutional.

It ain't our debt. We deserve a reset, and Congress should get off of their collectively-clueless duff, and quit helping to push this can down the road, only so their own republic can be completely dismantled and turned over to a supra-national body.

THEY are on the same rug we are, which will be quickly pulled once the shit hits the fan. Looked at from a different angle, they are very thin ice, of which the people they represent shall be underneath, when it crashes.

Sat, 07/30/2011 - 02:24 | 1507345 Spirit Of Truth
Spirit Of Truth's picture

The truth is spoken!

22 likes thus far. :) ZH rulez! Meanwhile, the silent masses remain subdued by American Idle (intentionally misspelled), cheap fast food and watery beer.

Sat, 07/30/2011 - 03:45 | 1507375 zhandax
zhandax's picture

Hear, Hear, Clymer.  There is even precedent for this.  Although DC's idea of history sounds more like "In the beginning, FDR created big government....", history does still record one of the previous defaults (and even partial repudiation) of debt the US.

They were the world's richest and shrewdest investors, and they rode a wave of globalizaiton to buy bonds in a promising developing country. When the country defaulted, they were livid.

"There should be lunatic asylums for nations as well as individuals." one investor wrote The Morning Post of London, denouncing the defaulting country as "a nation with whom no contracts can be made."

It all sounds a bit familiar, but the year was 1842 and the developing country was the United States. After defaults by Florida, Louisiana, Maryland, Illinois, Arkansas, Michigan, Pennsylvania, Mississippi, and Indiana, the entire United States was blacklisted and scorned on global markets, with Americans barred from the best London clubs and the Rothschilds warning bitterly that America would be unable to "borrow a dollar, not a dollar."

It seems the dear Rothschilds have cried wolf before.  For those of you struggling to follow along, they make so much when we don't default, they can't afford to mean it when we do.

Sat, 07/30/2011 - 05:46 | 1507427 New World Chaos
New World Chaos's picture

They got revenge by financing the South during the Civil War.  I also think they never really got over America's castration of feudalism.  America has interfered with their plans of world domination multiple times, most recently by creating the internet.  This may be why we are being clusterfucked from all directions at once- they mean to destroy us completely. 

Sat, 07/30/2011 - 08:09 | 1507474 zhandax
zhandax's picture

Doesn't mean they don't deserve one more good kick in the balls.....     Give it while you got it.

Sat, 07/30/2011 - 07:58 | 1507476 GetZeeGold
GetZeeGold's picture

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

The audit.....

Sat, 07/30/2011 - 09:34 | 1507553 falak pema
falak pema's picture

so this mess is the fault of an international conspiracy of which the US government, financial community and people are not party? Which percantile segment of the people do you belong to?

The 1% or the 99%? If its the 1%, I say Amen!

If its the 99%, I say take the wool off your eyes...

Sat, 07/30/2011 - 10:10 | 1507576 Oh regional Indian
Oh regional Indian's picture

Falak, there is a general unravelling of the old guard going on as we speak. India is in the midst of it's wort political crises in a long time. State wise and centrally. 

The first blow-back of the US downturns are starting to show on the outsourcing companies numbers/projections, all solidly down. Restive air, though still solidly consumer-mad.

Hosni Mubarak goes on trial? That is a trend shift, eh? 30 years turned on a month in tahrir square? 

Thailand recently delivered back into the hands of the billionaire set?

Japan rocked and Fuked.

Debt crisis overwhelm. PIIGS, US, Japan, China wobbling, internet protests spreading.....

There is a general imbalance in the air, a rumble. There is a quake, literal of figurative, in our near future. EIther way, we should be ready for impact, so to speak. Often, just imagining the possibility is enough preperation. 

In my sentient life, I've never seen so many massive, off-balance vectors in every sphere of our existence.

Floods, mudslides, sinkholes, lightening storms.....

What more sign could a rational athiest need, what to speak of the fearful faithful?


Sat, 07/30/2011 - 13:02 | 1507846 falak pema
falak pema's picture

I agree on the factual and more the potential asymmetry that has become explosive. Looks like TPTB have created their own self serving philosophy, damned if we do, damned if we don't. What a gridlock this is in transient phase as globalisation is in tatters (see my post about the ME oil quandry below), and the US empire is now headless, steering-wheel less, and soon tire less. They will only have nukes that don't solve anything except maybe bring down the world in flames if they get into the 1930s mindset...

Our generation did not know the aftermath of that last deflagration. Maybe the black swans are now relentless to teach us all a terrible lesson. I am by nature an optimist...all I can say is hope never dies...even if we are being led by the the very edge.

Sat, 07/30/2011 - 10:21 | 1507578 Oh regional Indian
Oh regional Indian's picture


Sat, 07/30/2011 - 18:26 | 1508309 Caggge
Caggge's picture

The Rothchilds don't finance one side of a war. They finance both sides. I believe one of the Rothchilds original henchmen was named JP Morgan. Also of note, check out  Prescott Bush's role in WW2. It's a family thing.

Sat, 07/30/2011 - 09:42 | 1507556 ibjamming
ibjamming's picture

But TPTB are the ones who PUT them there.  They're ALL wanna be TPTB themselves!  That's why they CAN'T change anything.

Fri, 07/29/2011 - 21:19 | 1506999 espirit
espirit's picture

"tick-fest". Bloodsuckers only feed to reproduce.

Sat, 07/30/2011 - 00:37 | 1507278 John Wilmot
John Wilmot's picture

or rentathieves

Fri, 07/29/2011 - 20:24 | 1506923 Phat Stax
Phat Stax's picture

Typically, "Congressman," or "Congresswoman."  And therein lies the source of the confusion.

Fri, 07/29/2011 - 20:28 | 1506930 PaperBugsBurn
PaperBugsBurn's picture

They're all just c•cksuckers.

Sat, 07/30/2011 - 02:20 | 1507346 DrunkHarryReid
DrunkHarryReid's picture

Leave my friend Barney Frank out of this!



Sat, 07/30/2011 - 09:04 | 1507527 66Sexy
66Sexy's picture

scum sucking tramps

Fri, 07/29/2011 - 21:22 | 1507003 smlbizman
smlbizman's picture

a friend of mine works at aberdeen proving grounds as essential personal. she told us that they have orders to spend all their budget money mon. and tues. in case the debt ceiling does not pass. they are doing this because timmy will be grabbing all monies sitting in these agencys to  use for his check book. sounds like a plan to me

Fri, 07/29/2011 - 21:36 | 1507018 TSA Thug
TSA Thug's picture

I got 3 new uniforms and 6 ceramic coffee cups with the TSA decal on front and my name on the back. It was better than Christmas in July. hint hint.


--You WILL Obey!

Fri, 07/29/2011 - 21:45 | 1507057 StormShadow
StormShadow's picture

Great plan. Order one part of govt to spend money in haste so that another branch won't spend it in haste. Wow, I think that's how we got into this position

Fri, 07/29/2011 - 22:40 | 1507135 Mugatu
Mugatu's picture

As a caterpillar becomes a butterfly, so must you become Derelicte! 

Fri, 07/29/2011 - 23:03 | 1507174 DeadFred
DeadFred's picture

StormShadow it's clear you've never worked for a government agency if that surprises you. That's the way the system has worked at least for decades, and that's why less government is better.

Sat, 07/30/2011 - 15:08 | 1508045 newworldorder
newworldorder's picture

You are correct Sir. Spend them while you got 'em or lose then forever.These are the words that every government agency learns quickly.

Sat, 07/30/2011 - 09:59 | 1507567 Nikao7
Nikao7's picture

Well you have to pass the bill before you find out what is in it ;)  DUH

Fri, 07/29/2011 - 18:50 | 1506713 caerus
caerus's picture

the full text of the bill is impossible (for me at least) to find...(go figure)

Fri, 07/29/2011 - 19:12 | 1506770 caerus
caerus's picture

thanks for that...and cheers

Fri, 07/29/2011 - 19:30 | 1506824 Tyler Durden
Tyler Durden's picture

It was posted on zerohedge several hours ago.

Fri, 07/29/2011 - 20:54 | 1506971 caerus
caerus's picture

Thanks...been a long week..and Im not that smart...excellent work as always

Fri, 07/29/2011 - 23:19 | 1507193 dogbreath
dogbreath's picture

I want the junk button back.  This is Sparta.

Sat, 07/30/2011 - 00:21 | 1507264 dogbreath
dogbreath's picture

fucken sycophants

Sat, 07/30/2011 - 08:51 | 1507512 Incubus
Incubus's picture

Not me.  I red arrowed 'em.


Find the biggest guy, then red arrow his ass. 

Fri, 07/29/2011 - 19:16 | 1506781 ElvisDog
ElvisDog's picture

I gave you a green arrow for the always appreciated MST3K reference.

Fri, 07/29/2011 - 19:25 | 1506812 macholatte
macholatte's picture

"We Have to Pass the Bill So That You Can Find Out What Is In It"


Fri, 07/29/2011 - 22:45 | 1507141 contagiousNY
contagiousNY's picture

away from the fog? we are into the fog.

Fri, 07/29/2011 - 21:23 | 1507004 SheepDog-One
SheepDog-One's picture

Oh well nevermind, Boehner bill already crashes and burns. Apparently they want free blank checks and not a dime less spending. Into the abyss, bitchez.

Fri, 07/29/2011 - 22:11 | 1507107 tickhound
tickhound's picture

What's it called when every choice produces the same result?

Fri, 07/29/2011 - 23:01 | 1507166 Sathington Willougby
Sathington Willougby's picture


Flag Fucking FREEDOM!  Shout it from the Goddamn rooftops!  We're free!  Free to have a felonious dick shoved in our ass when we get sent to prison for breaking fraudulent contracts that steal our work.

Sat, 07/30/2011 - 01:22 | 1507315 DaveyJones
DaveyJones's picture

the dating game

Sat, 07/30/2011 - 09:14 | 1507540 Bob Paulson
Bob Paulson's picture


Sat, 07/30/2011 - 10:36 | 1507590 hedgeless_horseman
hedgeless_horseman's picture

Alcoholism.  What'll ya have?

Fri, 07/29/2011 - 18:27 | 1506651 WestVillageIdiot
WestVillageIdiot's picture

Where do you see this "gridlock"?  It looks to me like this is moving along just the way the men in the shadows would like it to move along.  Puppets are dancing and shills are shilling.  The people will get fucked and the kings of high finance will dance a fucking jig.  "Yahtzee!"

Fri, 07/29/2011 - 18:41 | 1506694 Josh Randall
Josh Randall's picture

Shhhhh! you're ruining the ending for everbody! Please place the words "SPOILER ALERT" in all caps at the beginning of your comments if you are going to give the actual plot away. Thank you.

Fri, 07/29/2011 - 19:03 | 1506747 scratch_and_sniff
scratch_and_sniff's picture

you should think about putting the spoiler "CAR CRASH ALERT" infront of your comments.

Sat, 07/30/2011 - 05:23 | 1507416 WaterWings
WaterWings's picture




Wait, I wanted to add:



To anyone that thinks, "It won't happen here." It already has. Human nature is much more powerful than civility.

Sat, 07/30/2011 - 05:35 | 1507425 WaterWings
WaterWings's picture

There is a fucking pyramid and all-seeing eye on the dollar bill with "New World Order" on it in Latin and nobody thinks it's fucking strange. WTF.

Sat, 07/30/2011 - 05:39 | 1507426 WaterWings
WaterWings's picture

Stop talking to yourself. There is no conspiracy. Our dear leaders must be confused - we have done away with malice in our day. The banksters can't help but make all these profits.

Sat, 07/30/2011 - 16:32 | 1508163 Hulk
Hulk's picture

That was good for one LOL and one green uptick...

Fri, 07/29/2011 - 23:16 | 1507189 logically possible
logically possible's picture

west, spot on!

Sat, 07/30/2011 - 10:34 | 1507602 taxpayer102
taxpayer102's picture


Obama administration voices its concern :

"We need to reach a bipartisan compromise by Tuesday so that our country will have the ability to pay its bills on time. If we don’t, for the first time ever, we could lose our country’s Triple A credit rating." 30 July 2011

Sat, 07/30/2011 - 14:28 | 1507981 Alex Kintner
Alex Kintner's picture

A "Bi-partisan" bill -- In other words, Two Mob Families agreeing on how the Rackets will be run and the plunder Divvied up.

Fri, 07/29/2011 - 18:32 | 1506662 ??
??'s picture

So does the TeePty cave? Some would argue they already have by passing this this.

But if they  haven't caved, what circumstances could casue them to?

Fri, 07/29/2011 - 18:45 | 1506702 Cole Younger
Cole Younger's picture

2 step debt limit increase and a Constitutional balance budget amendment is not caving. If they would have passed the Bill last night, they would have caved.

Fri, 07/29/2011 - 18:57 | 1506730 WestVillageIdiot
WestVillageIdiot's picture

I had met one of those "Tea Party" reps at a party about 10 years ago.  My wife knows him better than I do.  When he got elected I thought he would be just another tool.  After seeeing him speak on several shows I have been very impressed. 

The fact they are trying to demonize the "Tea Partiers" just shows how fucking blatantly evil they are.  I turned on CNBC this morning for the first time in about a year.  That piece of shit John Harwood was on spewing how awful the Tea Party is for not rubber stamping this fucking monstrosity.  Fuck Harwood and everybody that looks like Harwood. 

The message from the presstitutes, handed down by their masters, is that the only responsible party is one that votes immediately for more completely irresponsible government. 

Fri, 07/29/2011 - 19:02 | 1506745 ??
??'s picture

Be kind to John he has had some personal challenges

Fri, 07/29/2011 - 19:10 | 1506765 Re-Discovery
Re-Discovery's picture

wow.  how ugly was his wife

Fri, 07/29/2011 - 19:23 | 1506802 WestVillageIdiot
WestVillageIdiot's picture

Ooooh, gosh, I just looked up pictures of that Cantwell broad.  I think I would rather fuck a Slinky. 

Fri, 07/29/2011 - 21:02 | 1506980 UGrev
UGrev's picture

In USSA, Slinky Fuck YOU!

Fri, 07/29/2011 - 21:46 | 1507059 Jena
Jena's picture

Fuck it, everyone has personal challenges.  It doesn't excuse him being a tool of a reporter.  Do your job.  In his case, that means holding some objectivity.  Oh, I forgot -- it's CNBC.

Fri, 07/29/2011 - 19:12 | 1506771 eureka
eureka's picture

For all their budget cutting eagerness Tea Partiers can only be said to be justified IF they agree to CUT ALL CORPORATE AND MILITARY INDUSTRIAL PUBLIC ENTITLEMENTS, INCENTIVES AND LOOP HOLES - INCLUDING CUTTING PENTAGUN AND US MILITARY TO HALF SIZE IMMEDIATELY - as eagerly as they hunger to cut any and all social insurance participant and recipient financed "entitlements".

Cutting is fine - but only if it is 100% symmetrical.

Let the Tea Parties come out and say: "we will dismantle US Empire - only then do they deserve the respect reserved for people of integrity and equitable principles.

Fri, 07/29/2011 - 19:17 | 1506785 Bonesetter Brown
Bonesetter Brown's picture

Wait for it.  Not soon, but it's coming.

Fri, 07/29/2011 - 20:19 | 1506916 hound dog vigilante
hound dog vigilante's picture

eureka - you're singing my song... spot on.

dismantle US foreign policy and the mil/ind. complex that profits from it. the whole fucking world hates our guts... time to come home and stay home.


Fri, 07/29/2011 - 22:39 | 1507132 nmewn
nmewn's picture

Well, I for one, have been on the record for closing all our military bases in europe and letting them decide between six vacations, 32 hour work weeks, subsidized public transportation, socialized healthcare etc. vs military adventurism in Libya & eleswhere for resources for years.

Does that count?

Fri, 07/29/2011 - 23:06 | 1507177 eureka
eureka's picture

I would say it counts - especially if you say it out loud to everyone - show them your intelligent and rational argument and encourage them to show it to their elected representatives and the media over, and over and over until everyone finally gets it. Thank you to all rational non-hegemons for exposing the pompous and self-destructive idiocy of empire.

Sat, 07/30/2011 - 00:26 | 1507240 nmewn
nmewn's picture

I would think saying it on a world wide forum like ZH, at Tea Party meetings, at work, to friends and family would be enough.

We are not what the MSM has presented.

We were presented as racists at first. Of course it was a lie. Even after one of our black members (Kenneth Gladney) was beaten by SEIU union members the meme continued, now its gone, why?...because it was a lie. Another had his finger bitten off by some ACORN psycho.

We are staring evil in the face, calling it evil, beating the shit out of it and now I suppose they will call us terrorists and be supported by the ignorant .

So be it.

Edit: I see the Senate killed it...good. 

Harry, keep the change ;-)

Sat, 07/30/2011 - 10:40 | 1507606 New_Meat
New_Meat's picture


"...  and now I suppose they will call us terrorists and be supported by the ignorant ."

Too late: I dug this out (I was only the 7th viewre ever to see this) (and I'll save all y'all--start at 3:25 or so)

Politico: etc.

Now, the question: are you in the Hezb'Allah wing?  Or the Hamas wing? ;-)  Me? For all kinds of reasons, I'm in the "Sam Adams Brigade."

- Ned

{I'm curious to see how this comes out ;-) }

Sat, 07/30/2011 - 20:15 | 1508517 nmewn
nmewn's picture

We are financial terrorists?....perfect...LOL!!!

They openly bribe senators in order to pass an unconstitutional ObamaCare, they give trillions to bankers, billions to cronys, exempt the connected from laws that they themselves pass (fucking fascists), submit a yearly fiscal budget that is laughed off the senate floor 97-0 after not submitting a fiscal budget for two and a half years...and we, are finanicial terrorists.


Now, the question: are you in the Hezb'Allah wing?  Or the Hamas wing? ;-)

Why, the Quantrill wing, of course ;-)

Sat, 07/30/2011 - 20:55 | 1508570 New_Meat
New_Meat's picture

Pussy junksta'z still can click on a red thing vs. "Junk".  Still Pussies.

This might help:

although pure unorganized probably can't happen yet.

- Ned

Sat, 07/30/2011 - 21:51 | 1508671 nmewn
nmewn's picture

Pay them no mind...they are like the wind.

"although pure unorganized probably can't happen yet."

Never been much of a joiner...went to one in Ocala...another in closer to home. But we have to be on guard that it is not co-opted.

Its about fiscal sanity with me, always has soon as the social crap comes to the fore I get my share of "looks" for trying to direct the conversation back to what I believe is the winning yeah, purely individual efforts relying on like minded people can't happen yet...there is a lot of de-programing that needs to occur in the masses.

We have to remember many have been lied to since birth and they don't know what to believe or think...compassion is warranted for some...but not for the hardcore slithering tongues who have chosen the side of the elite against the populace. I'm with akak on that point.

No quarter for them from here out...none.

Sat, 07/30/2011 - 22:44 | 1508802 New_Meat
New_Meat's picture

I did several times, "eyes wide open" of signing up "for the duration"--and I understand full-well the costs and benefits of  that.  But, I'm with you on the "no-joiner" attitude.  It amuses me no end that the SEIU folks can't conceive of like-minded, civil, usual folk who show up for a rally on their own terms and leave the place better than  it was before.

"We have to remember many have been lied to since birth..."

Lied to since their grand-mothers' births, imho.  I see no way to overcome that fault.  It distresses me no end how such human waste is encouraged.

Local compassion  used to come with (essentially) the local church (denomination not of interest to this discussion, they all did their good work to the best of their abilities).  So the Progressives had to destroy this source of human support.  Why, it might have lead the individuals out of their subserviant situation.

Calvin Coolidge dismantled WW's progressive mess, but that was then overcome.  I think that there are good lessons in "Silent Cal's" early work as President.  He sure did good work here in MA, until it wasn't.

This "Public Compassion" exercise sure has metastasized.

- Ned


Sun, 07/31/2011 - 10:35 | 1509585 nmewn
nmewn's picture

"Local compassion  used to come with (essentially) the local church (denomination not of interest to this discussion, they all did their good work to the best of their abilities). So the Progressives had to destroy this source of human support.  Why, it might have lead the individuals out of their subserviant situation."

This is an overlooked point rarely picked up on.

They, progressives/socialists, have indoctrinated the people to think that any and all compassion & help must come from the federal government. As if the state is the only source of good.

Then, they turn on a dime and say the state is the source of all evil who killed thousands at the WTC. That the state abuses people by allowing a prayer at a high school football game when the opening session of Congress has one as well. So what! I don't recite the pledge of alligiance at sports events (not because of the WBTS by the way) but I do respect others who do by standing silently. I'm not offended by it, I just don't participate. They are demented.

Then they say nothing...absolutely silent...when the Atlanta school district is caught red handed penciling in test scores for mostly black students...they, in essence, stole the primary education of hundreds of thousands of kids and the left says nothing!?!?...staying in the corner sucking their "collective" thumbs.

The silence is deafening because this is how it is done in my opinion...the indoctrination.

Public education must be returned to the individual states where parents can keep a better eye on it. No more edicts from far off DC pressing this Prussian model of education. No more funds from the states to DC only to be returned after a proper scalping by over ambitious statists conducting social engineering experiments at our expense.

My rant ;-)

Sun, 07/31/2011 - 18:13 | 1510546 New_Meat
New_Meat's picture

"Public education must be returned to the individual states..."

smaller, mon ami.

- Ned

Sat, 07/30/2011 - 11:48 | 1507707 snowball777
snowball777's picture

Gee, I wonder where all the confusion could be coming from...

"The rights that my son, as an infantryman in the United States Army, is willing to die for. The protections provided, thanks to you, sir, we're going to bestow them on a terrorist who hates our Constitution and tries to destroy our Constitution and our country. This makes no sense because we have a choice in how we're going to deal with the terrorists. We don't have to go down that road. There are questions that we would have liked answered before he lawyered up, like where exactly were you trained and by whom. You are bragging about all these other terrorists just like you, who are they? When and where will they try to strike next? 

The events surrounding the Christmas day plot reflect the kind of thinking that led to September 11th. The threat then, as the "USS Cole" was attacked, our embassies were attacked, it was treated like an international crime spree not like an act of war. We are seeing that mindset again settle into Washington again. That scares me for my children, for your children. Treating this as a mere law enforcement matter places our country at great risks because that is not how radical Islamic extremists look at this. They know we are at war. To win that war, we need a commander in chief, not a professor of law standing at the lectern. 

Just that short list, that short list. And you know, it is no wonder that our president only spent 9 percent of his State of the Union address discussing national security, foreign policy, because there aren't a lot of victories he could talk about that night. And that is a short list. There are so many challenges in front of us. And it can seem overwhelming. But despite these challenges, we have hope that we can move things in the right direction but it is going to require the administration to change course. We need a foreign policy that distinguishes America's friends from her enemies and recognizes the true nature of the threats that we face. 

We need a strong national defense. I think you would agree with me. As Reagan used to talk about that peace through strength. In that respect, I applaud the president for following at least a part of the recommendations made by our commanders on the ground to send in some more reinforcements to Afghanistan. Now, though, he, we, must spend less time courting our adversaries and working with our allies. And we must build coalitions capable of confronting dangerous regimes like Iran and North Korea. It is time for more than just tough talk. I'm just like you, probably so tired of hearing the talk, talk, talk. "

Maybe it "makes sense" to the "initiated", but it sounds like the same old jingoistic bullshit and defense spending spree to me.

Sat, 07/30/2011 - 12:45 | 1507815 Cathartes Aura
Cathartes Aura's picture

The rights that my son, as an infantryman in the United States Army, is willing to die for.


yep, "same old jingoistic bullshit" if someone's son is in the military, he wasn't drafted, he volunteered to kill for the corporate military complex.

I know this is a very unpopular truth to swallow after decades of brainwashing that amrkn military is "serving" the country - but when folk stop parroting the meme they've been trained to *bark* every time the chain of "trrrrrrrrrst" is yanked, when they ADMIT that the military is fully volunteer and supports corporate fascism, then maybe this ship will turn.

'course, I'm not holding my breath.

Sat, 07/30/2011 - 00:05 | 1507245 GeorgeHayduke
GeorgeHayduke's picture

Excellent observation. The Tea Party is too enmeshed in mythical patriotic dogma to see the military wastes, and a lot of other things.

I also love how something you've been taxed for your entire working life, like social security, is now called an "entitlement". Doesn't that make interstaes an entitlement for people who drive cars? Is the expense of air traffic controllers, radar and airports an entitlement for folks who fly? How about those pensions, healthcare benefits and free cemetary plots for veterans? Are they entitlements too like the pensions for all other government workers, or are they somehow different? If so, why?

The DOD expenses, that we are allowed to know about in this era of keeping everything secret, account for about 50% of the budget and much of their spending does little to nothing to help the overall GDP. But hey, their spending is sacred and if you don't believe that, then you are an unpatriotic terr'rist. This current system is too stupid and irrational to NOT collapse!

Sat, 07/30/2011 - 01:14 | 1507311 nmewn
nmewn's picture

"I also love how something you've been taxed for your entire working life, like social security, is now called an "entitlement". "

You need to take that up with the ones who stole it and placed it in the general revenue account instead of a "lock box".

All the Tea Party is doing, is pointing out the fact that you have been robbed.

Sat, 07/30/2011 - 08:55 | 1507515 GeorgeHayduke
GeorgeHayduke's picture

Sounds like Al Gore was right all along on that whole lock box issue.

Sat, 07/30/2011 - 09:18 | 1507544 Bob
Bob's picture

Where does the Tea Party stand on this, nmewn:

Congress wants to know EVERYTHING you’re doing on the Internet.  Yesterday – the Republican-controlled House Judiciary Committee passed the Protecting Children from Internet Pornographers Act of 2011 – which forces Internet service providers to keep track of your names, addresses, phone numbers, credit card numbers, bank account numbers, and whatever websites you’ve visited in the last year.   The legislation is supposed to help police track online pedophiles.  But – as Democratic Congressman John Conyers said, “The bill is mislabeled…this is not protecting children from Internet pornography. It's creating a database for everybody in this country for a lot of other purposes."  He’s right – it looks like the Internet is the next victim of the growing security-state complex that is consuming America.

Sat, 07/30/2011 - 10:24 | 1507594 nmewn
nmewn's picture

The Tea Party was started because of the smuthering effect of the federal government.

You ask me to comment on some Orwellian piece of legislation? I will, no problem.

In my opinion, the bill sucks not because of its intent but because of the unintended consequences that every piece of social legislation brings with it. The cops have more than enough "tools" at their disposal without viewing everyone as a criminal.

Now ask me what I would do to a pedophile who attacked one of my children...provided of course that the pedophile lived through his enccounter with one of them.

Sat, 07/30/2011 - 10:33 | 1507599 Bob
Bob's picture

So what is fundamentally wrong with the Tea Party itself?  Your views as a Tea Party "member" on the MIC and this Orwellian shit don't seem to be taken . . . dare I say it? . . . seriously?

Sat, 07/30/2011 - 11:03 | 1507633 nmewn
nmewn's picture

"So what is fundamentally wrong with the Tea Party itself?"

I don't accept your premise that anything is fundamentally wrong with the Tea Party.

"Your views as a Tea Party "member" on the MIC and this Orwellian shit don't seem to be taken . . . dare I say it? . . . seriously?"

My views are my views. Its not a "Tea Party" view. Its my view. 

My view on the MIC is simply that one of the reasons the individual states join into a larger confederation is common interest. I'm not a conspiracy nut (as you know) so I find it hard to imagine that the state of New York could avenge the deaths of thousands by itself.

The level of the MIC is what should be debated not whether we, as a nation of states, need a federal military because clearly we do. Now, we could always go back to assassination with everything that entails.

Or are you of the pacifist view where you wait, cowering in your kitchen, while someone ransacks your house? Clearly I'm not of that view nor will I ever be.

Sat, 07/30/2011 - 11:36 | 1507690 Bob
Bob's picture

Yes, unfairly formed question. 

Me, a pacifist??!  LOL. 

But I would kill only in self defense, fwiw.  Passionately, to be sure, but still only in self-defense or to protect someone legitimately (imo) defenseless and threatened.  We don't need the monstrous force that we've imposed upon both the world and the American taxpayer for justifiable self-defense. 

Sat, 07/30/2011 - 20:30 | 1508540 nmewn
nmewn's picture

"but still only in self-defense or to protect someone legitimately (imo) defenseless and threatened."

This is always the rub...but yes, I feel much the same way.

"We don't need the monstrous force that we've imposed upon both the world and the American taxpayer for justifiable self-defense."

I don't know how much it is an imposition as opposed to us being abused by allies...badly. IMO a justifiable self defense is one that can stand toe to toe with any other nation on earth.

Sat, 07/30/2011 - 12:48 | 1507821 Cathartes Aura
Cathartes Aura's picture

hahahhh, "mislabelled" - DOUBLESPEAK.

thanks Bob.

Sat, 07/30/2011 - 09:34 | 1507552 Bobbyrib
Bobbyrib's picture

Not true. "Fiscal Conservative" Paul Ryan (TARP supporter) came up with a plan highly touted by the Tea Party to raise the retirement age for people below the age of 55 years old. So people in my generation continue to pay for the retirements of Baby Boomers and would have to retire at the age of 70. That sounds like a great plan if businesses weren't cutting older workers to replace them with younger inexperienced workers who make half their salary. We wonder why a good portion of the Baby Boomers have not retirement savings, but if you look at the fact that they are forced into "early retirement" by their employers for making too much, it is easy to see. Economics is a social science that pretty much screws over anyone who is not in power (economic).


Let's go ahead and support the idea of less regulation. Soon we'll all be rich. /sarcasm

I think we need to spend less money, but I think we should start with our military spending. We could reduce our military until we reach a point where we can defend our country and no one else. We don't need to defend the entire world.  Then start to reduce funds for people who don't pay into something their whole lives like Medicaid and SSDI. 

Sat, 07/30/2011 - 10:39 | 1507605 nmewn
nmewn's picture

It was his effort to make good on a flawed "social contract".

Its very hard to make chicken salad out of chicken shit Bobby.

I've said since I was in my 20's that I would probably never see a dime of what I had confiscated from my wages. Its real easy to make it solvent, just raise the retirement age to 100.

Here he is destroying Reids chickenshit proposal, enjoy.

Sat, 07/30/2011 - 08:17 | 1507483 moneymutt
moneymutt's picture

This will only happen if you put a budget calculator in the hands of every adult in US and ask them to balance the budget however they see fit. they cut defense by 20 percent on average and raise taxes on rich, pretty much protect social safety spending...pretty much how we had a balanced budget in 1999.

When people see the choices, how much each cost, their priorities on where to cut first and whether to tax or not, are much different than the Congress that supposedly represents them. But people don't vote on these cold hard numbers. They vote on things like social issues, simple statements like "we have to live within our means" (we did in 1999, without gutting Soc Sec and Medicare)

Something's are real problematic, like a horrible recession that decreases tax revenues and increases needed for social safety net spending, like health care inflation and Medicare costs, but people should know possible solutions, costs or costs savings and deficit reduction each option offers and chose their priorities...but we dont get to vote the dollars, instead we elect one of two parties and things general get decided by sound bites

Sat, 07/30/2011 - 10:43 | 1507608 New_Meat
New_Meat's picture

Hey Mutt: why not freeze spending at 2007 levels.  That will score as huge "reductions."

- Ned

{four legs good}

Fri, 07/29/2011 - 19:29 | 1506820 equity_momo
equity_momo's picture

I caught that too. That Harwood character is an absolute fucking prick. He makes that fat cunt Liesman seem like a beacon of wisdom.

Fri, 07/29/2011 - 19:24 | 1506808 ??
Fri, 07/29/2011 - 19:15 | 1506775 km4
km4's picture

RT @washingtonpost: Thousands unfollow @barackobama after account sends out about 100 tweets on #debt.

The community organizer cannot even manage a tweet campaign correctly #fail

Fri, 07/29/2011 - 19:31 | 1506827 macholatte
macholatte's picture

it gets worse....... Harry Belafonte has withdrawn his suppot

Obama is toast.


Sat, 07/30/2011 - 01:14 | 1507308 JustPrintMoreDuh
JustPrintMoreDuh's picture

Who knew there were so many rascists out there?

Oh well.  


YVAN EHT NIOJ bitchez.

Sat, 07/30/2011 - 09:44 | 1507551 falak pema
falak pema's picture

has it passed or is it still being postponed. Not clear where this is...I refer to the Boehner boner, bent now and shortened. Much to the tea party's ire.

Fri, 07/29/2011 - 18:23 | 1506635 Tom Servo
Tom Servo's picture


Fri, 07/29/2011 - 18:24 | 1506638 slaughterer
slaughterer's picture

Short-term increase, bitchez.  

Fri, 07/29/2011 - 18:25 | 1506641 Transitory Disi...
Transitory Disinflation's picture

$900 B short term

Fri, 07/29/2011 - 18:25 | 1506642 slaughterer
slaughterer's picture

Or 14, if O has the guts.

Fri, 07/29/2011 - 18:25 | 1506643 Ahmeexnal
Ahmeexnal's picture

recent surge in HAARP activity

a "natural" disaster of biblical proportions within the USA would insure a 100% vote for increasing debt ceiling to deal with the "emergency situation"

Fri, 07/29/2011 - 18:32 | 1506673 InvalidID
InvalidID's picture


 Maybe something like a few dead volcano's in SoCal becoming active again?

Fri, 07/29/2011 - 18:44 | 1506699 SilverRhino
SilverRhino's picture

That's a WTF moment.


Fri, 07/29/2011 - 18:55 | 1506719 Ahmeexnal
Ahmeexnal's picture

fear not, little people.

jesus oblahma saves


hmm...strikethru ain't workin






Fri, 07/29/2011 - 19:14 | 1506757 scratch_and_sniff
scratch_and_sniff's picture

Hey i would love to see you at the wheel man, talk about entertainment, i would give it 3 nights before your pubes turned white and you bit through your own tongue in your sleep.

Fri, 07/29/2011 - 19:21 | 1506797 WestVillageIdiot
WestVillageIdiot's picture

I think you got that in the wrong order.  His tongue would turn white and he would be biting through his pubes. 

Fri, 07/29/2011 - 21:37 | 1507020 Crisismode
Crisismode's picture

No, his pubes would turn white,

His tongue would turn bluish-green,

and his skin would turn Purple.



Fri, 07/29/2011 - 20:03 | 1506887 InvalidID
InvalidID's picture


 It certainly got my attention. Makes me worry about Yellowstone. Those quakes in the Pacific stirred up something.

Fri, 07/29/2011 - 20:28 | 1506907 Ahmeexnal
Ahmeexnal's picture





mass extinction:

Sat, 07/30/2011 - 06:48 | 1507443 HungrySeagull
HungrySeagull's picture

That is just the house... err.. earth settling.

If Yellowstone goes, everything from Omaha and Amarillo to the west coast will be toast and the south buried in ash. It's happened before. But not while we were around with our cities and such.

Fri, 07/29/2011 - 18:57 | 1506731 Kelly
Kelly's picture

That guy is sooooooo clueless. 

Fri, 07/29/2011 - 22:20 | 1507117 snowball777
snowball777's picture

You know I never made much of HAARP until I saw the damage it's obviously done to that thing you call a brain.

Sat, 07/30/2011 - 13:15 | 1507875 Cathartes Aura
Cathartes Aura's picture

research it snowball, or just pretend you know - whatever works for you.

Sat, 07/30/2011 - 13:06 | 1507853 Cathartes Aura
Cathartes Aura's picture

The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and the Federal Communications Commission (FCC) will conduct the first nationwide test of the Emergency Alert System (EAS). The nationwide test will occur on Wednesday, November 9, at 2 p.m. Eastern Standard Time and may last up to three and a half minutes.

that's 11.9.11 for those of you who like numbers. . . FEMA, the gov't amrka gets when there's an "emergency". . .

Sabotage by an insider at a major utility facility, including a chemical or oil refinery, could provide al Qaeda with its best opportunity for the kind of massive Sept. 11 anniversary attack Osama bin Laden was planning, according to U.S. officials.

add these to CPL's "cryptic" posts last week. . . and prepare accordingly.

Fri, 07/29/2011 - 18:25 | 1506644 WestVillageIdiot
WestVillageIdiot's picture

At the end of the day I didn't want to be long on much of any stocks.  I sure the hell would not be short or have any puts.  The idea of holding those over the weekend was just spine tingling. 

I would guess that equities rally hard on Monday, even if it is only temporary.

I have $50 that says the 10-year goes back to 2.90% on Monday.  I will even throw in a 12-pack of Pabst Blue Rabbon to sweeten the pot. 

Fri, 07/29/2011 - 21:37 | 1507023 RockyRacoon
RockyRacoon's picture

You got pot?  And beer?  I'm partying with you, man!

Fri, 07/29/2011 - 21:43 | 1507045 WestVillageIdiot
WestVillageIdiot's picture

Rocky Raccoon went back in the room, only to find Gideon's bible.

I would party with you with a warm gun until my guitar gently weeps.  We wouldn't do it in the road but I can guarantee that our revolution would be helter skelter.

Fri, 07/29/2011 - 21:53 | 1507088 caerus
caerus's picture

You sir, are a music connoisseur

Sun, 07/31/2011 - 10:13 | 1509542 RockyRacoon
RockyRacoon's picture

Rocky Raccoon (The White Album) came out when I was 20 years old.   I recall it well.

Fri, 07/29/2011 - 18:50 | 1506646 bob_dabolina
bob_dabolina's picture

As long as we pay bond holders how can we default? 

Just curious....

WE CAN'T DEFAULT....IT'S IMPOSSIBLE with or without a debt ceiling increase. 


protip - We can't be downgraded. Every asset class in the world would be downgraded in symphony. The downgrade would cancel itself out.

Someone grow some fuckin' balls in our government. If someone stands strong here, the American people will love you. CUT THE SPENDING, WE WILL BE FINE.

Fri, 07/29/2011 - 19:46 | 1506858 blunderdog
blunderdog's picture

You're right, but the whole discussion is predicated on a very loose definition of the word "default."

If "default" is taken in the more technical sense of "stopping interest payments," there's no reason for that to happen.

But people have been calling the non-payment of bills "default," although that's really not accurate.  If I get an electric bill and don't pay, I'm not in DEFAULT.  I'm in ARREARS.

I think there are laws and stuff mandating payments of certain types, but Congress can change the laws, and the Executive can ignore them, so there's really nothing to worry about.

Fri, 07/29/2011 - 19:58 | 1506877 bob_dabolina
bob_dabolina's picture


Default would mean not paying bond holders. We have more than enough money to pay our bond holders. PERIOD/ End of discussion.

This default drama is BULL...SHIT

Fri, 07/29/2011 - 20:39 | 1506946 blunderdog
blunderdog's picture

What are you all worked up about?

If you buy dinner and don't pay, you're not in default.  You're a thief, perhaps, but it's not default.

If Congress spent money on credit and stop paying bills, that's not default.  It's just deadbeat government.  Plenty of countries have stopped paying bills.

I don't think you really understand the issues, but my heavens, what a pottymouth.

Fri, 07/29/2011 - 21:00 | 1506963 bob_dabolina
bob_dabolina's picture

We have the money to pay our credit card bill. 

What don't you understand? We have the money. 

You say I don't understand the issues....

Do we have the the $$$ to pay bond holders?  Yes, Or, NO?

Just say Yes, or, NO. 

Fri, 07/29/2011 - 21:11 | 1506990 blunderdog
blunderdog's picture

I'll try.

The way "government" spends money is by passing laws.  There are laws which state that the following checks will be sent to the following people according to some arcane schedule.  This is known as "non-discretionary spending" and makes up the bulk of the Federal budget.  Our interest payments to bondholders is just a TINY fraction of the non-discretionary expenses.

In order for government to balance the budget, total spending has to be less than total receipts.  Even if *all* discretionary spending were eliminated, the "non-discretionary" total would be greater than current revenue.  This means that laws would either be ignored (government would simply "not pay" bills that law says it must pay) or they'd have to be changed *immediately* to cover the daily/weekly/monthly shortfall.

In other words: once the government can no longer float bonds, the Executive branch has to determine who will and who won't be paid, despite the fact that laws currently on the books *mandate* those payments. 

In theory, Obama/Geithner could stop paying Congressional salaries, despite "legal contracts" to pay such a rate or provide certain benefits.  They could stop funding the VA, or stop sending Social Security checks.  Technically, none of these steps would be "legal"--because the law states that all those payments must be made.

As discussed before: this is not DEFAULT in the sense that interest payments on bonds could still be made.  Just like I can order and eat dinner and decline to pay it but continue to make my credit-card interest payments.  But it is *certainly* something that threatens the US credit rating.  If someone keeps making their minimum interest payments on Visa but stops paying rent, electric bills, and taxes, the bank may very well deem them an unacceptable credit risk.

Fri, 07/29/2011 - 23:06 | 1507170 bob_dabolina
bob_dabolina's picture


Jesus hold me back, I'm about to have an aneurysm


Fri, 07/29/2011 - 23:48 | 1507219 blunderdog
blunderdog's picture

Good grief.  You're just a cartoon character.  You can't possibly be a real person.

How many times can I fucking AGREE with your stupid ass and you still huff and puff like the walrus from Woody Woodpecker?


Just die already.  Anything that involves thinking beyond URGH GOOD URGH BAD is clearly beyond your God-granted gifts, and the best you can do is curse at the folks who're prepared to agree with you.

Just die and spare yourself a few more years of anger and confusion. 

(I hope like hell you never manage to reproduce.  No one deserves you as a father.)

Sat, 07/30/2011 - 00:12 | 1507248 bob_dabolina
bob_dabolina's picture

niggers stealing our fucking fucks? 

fuckin racist peice of shit.

Sat, 07/30/2011 - 00:21 | 1507261 blunderdog
blunderdog's picture

You're so funny.

Sat, 07/30/2011 - 00:47 | 1507281 bob_dabolina
bob_dabolina's picture

I threaten you. That's ok, you need to relax

Read my comments and chill. I know they make sense and go over your head but there is no reason for your ad hominem attacks (childish)

If you don't get it I can slow it you need some help?

Sat, 07/30/2011 - 01:43 | 1507324 blunderdog
blunderdog's picture

Every once in awhile you make sense.  That's how I know you're a fake.  ;)

Sat, 07/30/2011 - 02:41 | 1507362 bob_dabolina
bob_dabolina's picture

Good job, keep working with that meme. 

It's a good look on you. I'll see your weak ass in the A.M,

Sat, 07/30/2011 - 03:48 | 1507391 blunderdog
blunderdog's picture

It's funny how quickly your tone changes.

Do you care whether the debt ceiling is increased?  Does any of this mean anything to you?

The issue here doesn't affect me much, which is part of why I find your responses so fascinating. 

You act like I'm arguing with you, but I'm just describing how the world is.  And this provokes real efforts at trolling...hmm.

I think you're lying for someone's benefit, and I might just figure out whose. 

(Edit: In the past few minutes, I think I got it.  I think I know what you're actually about.  I hope you'll keep talking.)

Fri, 07/29/2011 - 23:49 | 1507226 blunderdog
blunderdog's picture

PS: I'm sorry you never managed to learn to read properly.  I too mourn the failure of our educational system.

Sat, 07/30/2011 - 01:10 | 1507306 Piranhanoia
Piranhanoia's picture

make him 'plode dog,  good boy.

Sat, 07/30/2011 - 02:21 | 1507348 hellinahandbasket
hellinahandbasket's picture

Give it time .... we will get there in the end.

Sat, 07/30/2011 - 00:40 | 1507280 Plumplechook
Plumplechook's picture

blunderdog:  just to remind you,  you are on zerohedge here.  Realize that your audience is essentially a bunch of juvenile, reactionary,  conspiricy-theory nutjobs.  Please do not use rational arguments and grammatical sentances.  Thankyou.

Sat, 07/30/2011 - 01:49 | 1507326 blunderdog
blunderdog's picture

Nah, that's not true.  Bigger brains (and better trolls) than most of my former haunts.

The monkeys flinging poo just make the most noise, so it's easy to be fooled.  I admit at this point a good bit more respect for Dabolina than you'd think--took me awhile to realize he's actually a semiotics prof at Berkeley.  Top-rate trolling.

Sat, 07/30/2011 - 11:55 | 1507719 snowball777
snowball777's picture

He's trying (and how!), but all he left behind was a signifying floater.

Sat, 07/30/2011 - 06:51 | 1507445 HungrySeagull
HungrySeagull's picture

And knuckle draggers with very large stones for money.

Fri, 07/29/2011 - 22:07 | 1507100 tom a taxpayer
tom a taxpayer's picture

ARREARS bitchez! Barney Frank will take care of the ARREARS problem. "I'm in ARREARS"

Sat, 07/30/2011 - 08:23 | 1507493 moneymutt
moneymutt's picture

From my look at budget calculators, we could pay obligationsmto bonds and some basic Soc safety network and soldiers, but not much nom real default, just the shutdown ofmevery federally funded construction project, all the defense contractors, layoff80 percent of Fed emloyees and leave a skeleton crew etc...Not.a default but hugely disruptive,full of all kinds of unintended consequences

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