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Boehner Deficit Plan Passes: Here Is What Happens Next
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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Bob_
You da man! Bob_ for Prez in 2012....
4.9% unemployment in Mexico Vs. 9.4% in the US.
I do believe we are headed to the third world...
I'll protect you, baby.
You do know 'baby_BLYTHE' is a man, right?
Another phony on ZH.
What else is new?
The vast majority of Mexico’s unemployed are currently in the USA sucking at the tit.
And them some.
Yeah. That must be it. Those damned immigrants again. Their impact is marginal compared to the real crooks (pols AND their masters). You are smarter than that.
Its not marginal if you live in an area theyve invaded.
You could say the same thing about someone who commits a burglary rather than a murder.
What a stupid thing to say. Illegal is ILLEGAL, they all should be thrown out.
Stupid is STUPID. The law should be changed.
Until it is, they are still illegal. Nice strawman, dumbass.
Aww...did someone steal your lawnmowing job?
Somehow I don't feel threatened by people with next to no skills and no vote.
At the rate we're going, maybe not for long.
Maybe one of the fringe bennies of TEOTWAWKI is that we'll be left alone to stew in our own juices.
http://www.sacbee.com/2011/07/28/3799513/improving-mexican-economy-draws.html
...in mexico if you are un-employed and did "actively" look for a job in the last two (or is it four?) weeks then you do *not* count as unemployed...if you sell candies or newspapers on the streets, you do not count as unemployed, if you sell fruits or vegies in what is called the "informal" economy (no tax paying) you do not count as un-employed...the only way the government counts you as un-employed is if you gave up any hope of actively looking for a job...guess this put the whole "statistics as a bikini" concept in a whole new light...
I've never been to Mexico but it seems the two most popular college majors down there must be "busboy" and "landscaper".
let me guess. you've never left the trailer park.
That's right. How did you know? You are so smart. I love your posts. Now I feel bad that you are against me. I have learned so much from you. You are truly as great as Mr. Mojo Rison. I don't think I'll be able to sleep tonight.
Unisom Maximum Strength
Try putting your head in a plastic bag and sealing it shut. It'll work like a charm.
The majority of Mexicans I've worked with were extremely hard working, religious and straight as a straight pin. Except for the *nal $ex with hookers thing. Kinda like most 'merkins.
You think anal isn't hard work?
Hmmmmmm, clearly the idiot part is somewhat apt.
Regardless of their impact (immigrants that is, I was one for a while), is th ebig picture so damn hard to see? Huh? You (America) TOOK, by force and probably by bribing a General or three (been a long time since the US really won anything you know), large swathes of Mexico, made them your own and told the natives to fuck off and die. Then, after centuries of meddling in their internal affairs, you bring our the the great drug battle nonsense.
So WWI, that's the idiot I'm speaking to, do actions have consequences? Is Jeebus Christo's debatable crucification still reverberating through the world? Are the pernicious effects of centuries of slavery over?
Oh, wait a minute, how about closer to home. The Red Indians? How many killed? Made homeless? Shoved into open prisons? Stripped of their culture, language?
And you think you owe nothing for the sins of your fore-fathers?
What the FUCK is wrong with educated people? is the fucking education or the fucking people?
Which is it West Village Idiot? Are you incapable of stretching your mind?
No wonder the white world is dying on the vine. Your conscience died somewhere. Individually for the most part and collectively for sure.
Damn shame.
ORI
http://aadivaahan.wordpress.com/2011/07/30/pre-cursor-01/
Where's the richest man in the world from again?
Yes. The concept that Mexico keeps employment records like the USA is beyond idiotic, it's all the way to Ludicrous Speed.
They've gone into plaid.
http://www.youtube.com/watch?v=mk7VWcuVOf0
You can go back in time. 20-40 years before your eyes.
How?
Drive south into Mexico.
We used to say: "Welcome to Hong Kong: Gateway to China -- Welcome to China: Gateway to the 17th Century". We don't say it any more.
Such a good pt, all the policies being promoted now by Repubs and most Dems can be summed up by the concept- the only path forward for US is to just to become third world nation.
First step was to abandoned policies that put our govt on balanced budget in 2000, turn away from that budget that would have paid off our entire national debt in 10 years and instead, in 2000's start incurring huge debt to foreigners by spending way more military, corrupt insider industries like Pharma via Medicare Part D and lowering taxes on rich. Also corruptly, like a third world dictator, drain pension savings (Soc Sec) to pay for unfunded wars and sweetheart deals for insider industries
Now that debt and deficit is high, tell everyone only way to compete is to have lower wages. Say trade protections are bad and let cheap foreign goods flood the market and wipe all domestic industries, leaving only the selling of your natural resources and tourism as your last industries. Say we can't afford to invest in infrastructure, we have to let it crumble. Say we can't afford to educate regular folks of little means, they'll just have to take low skill jobs generation after generation. Say only way to make jobs is to increase income inequality, make sure rich get richer. Tell anyone that is a regular worker that they can't aspire to a middle class lifestyle, in fact, wipe out the middle class and just leave behind a lot of low wage workers and a few rich people. Don't spend money on policing, regulating markets, let them be so they become completely corrupted by connected insiders. Don't worry about rule of law, let the rich prevail in our court system.
Think of every policy that characterizes a third world nation and our leaders arguing we should do those policies.
Meanwhile, places like Germany are the opposite of the third world nation policies, and they are an exporting machine. They have big govt, lots of unions, requirements that workers (not just execs) sit on corporate boards, high wages, high taxes which pay for their high govt spending, cheap education available to most, flat incomes with big fat middle class, strong regulations and environmental protections, and their businesses still compete amazingly on global market, their economy, even in middle of global mess does very well, thank you. But they've got us thinking, we need to emulate Haiti, not Germany.
just give me the pot, bring the beer and we'll party
Don't forget the Doritos. Somebody better be bringing the freaking Doritos.
Boehner's got the pizza covered.
timing is everything
Beer? I am in! What kind?
Pabst Blue Ribbon...per OP.
Same old - same old. It doesn't matter. The patient is dead. Was DOA. To argue over whether it was a single heart attack or a multiple cardiac event that did him in - is irelevent. They can continue 'shocking' him all they like. The fact remains that he's dead!
" To argue over whether it was a single heart attack or a multiple cardiac event that did him in - is irelevent"
I guess you missed those 27 bullet wounds in his fucking cranium.
Worst suicide I've ever seen.
My vote is for Abu Nidal in Iraq. Suicide by machine gun. - Ned
doesn't matter what they do. it all ends the same
exactly...your avatar already looks damn familiar
You mean like RoboTrader AND RoboTraders Mom? lol
Obama turns to Dimon and says, "hey, Jamie, look at all of those sheep. Let's run down there and fuck one of them."
Jamie replies calmly, "why don't we just walk down there and fuck them all?"
Baaaaaaaa
Pink Floyd - Sheep
http://www.youtube.com/watch?v=KlyXNRrsk4A&ob=av2e
Am I the only one who finds Rebecca Black sexy?
I think I've seen her in The Village before. I always figured that was a guy.
Bad link...fine...I know... but you're junkin sheep? How bout pigs or dogs? Animals is imho a fine album...you Bieber fan you...
What? I wasn't junking Floyd. I love Animals.
"Ha ha, charade you are." The first time I heard that song I had goose bumps. Seeing Roger Waters perform The Wall this spring was one of the highlights of my year, no my life.
Great they passed it....and now Harry will tank it....and then stop....let the Democrats own it...If I was the Republicans I would go home...they did their job....Harry has done nothing...Chinese first...America second
Among the biggest shams of this entire tragi-comedy-farce is that Harry Freaking Reid - who's Senate hasn't supported a budget in nearly 2-1/2 years and is currently setting all-time records for doing absolutely nothing - has been set-up as the ultimate arbiter of what is a "compromise" proposal.
Just one look at that a$$hole's face makes me want to break something.
I have enjoyed watching the movie Casino on several occasions. Does anybody remember that the cunt politician in there was actually supposed to be Harry Reid?
Bernanke salavating over QE3. So is Wall Street. Just a continuation of Theft of the average American.
Looks like Wall Street saved their portfolios. Will not have to sell and pay a pittance of 15% capital gains to keep their profits.
That's not saliva on their lips.
Bernanke is not "salivating" at the thought of QE3, he's cowering under his Fed desk as everyone knows now his first 3 QE programs achieved nothing he advertised on the packaging. QE is a busted flush regards "stimulating the economy", it was all about pissing money away bailing out the bankrupt morons on WS and in Washington
The US Govt is up Shit Creek (yet again!) and real soon will be banging on his door like petulent spoilt brats for "more, more, more". Benny has to summon the willpower to walk out infront of the nation and string another BS storyline he's doing it for the good of the economy ...Emporer Benny will be wearing no clothes standing naked in front of the public (and he knows it) rolling out Failure Part.IV, QE3
Meanwhile another busted flush is the Treasury Secretary with his hysterical "August 2nd" deadline. Geithners shill scare story the US Govt would be damaged irreparibly if the dealine wasn't met is utter tosh. The Republicans are playing hardball poker and stuffing the deadline back down his scrawny little kneck
Geithners job as Treausry Sec is to project strength and financial stability not run around town like a headless chicken clucking the world is caving in and scaring the markets ...Timmay is a talentless amateur short on brains, brinkmanship and stature
So the Fed Chairman and Treasury Secretary are looking like village idiots... is it any wonder there's not a hope in Hell of a sound financial system with these busted bullshitters in top Govt posts
Long way to go yet.....bastroids.
Is that like bastards + hemorrhoids?
I would think the Senate with the help of Minority leadership will pass a bill that the house can pass with Democrats and 30 Republicans. That is the most logical outcome since O'Bummer and CONgress are both products of Wall Street Banksters!
Yes -- Tea Party playing to lose the battle
"Better to die on your feet than to live on your knees"
- Winston Churchill
....who spent plenty of time on his knees licking Stalin's boots....
Annie, I believe you are mistaking Churchill for Franklin Delano Roosevelt. Churchill was the unattractive Englishman. Roosevelt was the self-involved gimp that sold out at Yalta.
No, no, you've got that wrong. It's better to live on your feet than die on your knees.
Well, Winston did drink a lot.
"I may be drunk, Miss, but in the morning I will be sober and you will still be ugly." -- Winston Churchill
"There is no such thing as a good tax." -- Winston Churchill
"You have enemies? Good. That means you've stood up for something, sometime in your life." -- Winston Churchill
Etc. Etc.
the senate will squash boner's bill...even the hint of a whisper of a BBA in the future is unacceptable to some...cuz then fine congresspeople wont be able to promise their constituents pie in the sky bought with borrowed money...but what do i know
You are correct. It's been killed, 59-41:
http://news.yahoo.com/senate-kills-latest-house-debt-measure-002700264.html
pretty expeditious vote
back to square -15trillion
It's amazing how quickly congress can act when they want to isn't it?
dupe
How long would it take you to say no to a poison pill?
Suicide Solution
That was me.
So you can't swim, but you can click. Got it.
Amazing that the politicians want so much publicity due to their ineptness.
"Hey we're politicians! Look how bad we can suck!"
They won't be able to get it done by Tuesday that's for sure. And as for the short term increase for a few days, it depends on how the negotiations are going this weekend. If it looks like it's a cave in, the republicans will allow a debt increase but not for a few days. They will want one for 90 days. The president won't like it because in essence what they are doing or trying to do is by the backdoor having a debt increase in 2 stages without a formal agreement. This weekend is going to be very nasty and I don't see things going so well for the democrats.
Duh, sodomize the bill, and send it back to the House as 'bipartizan'. And it will be Sun, your timeline is off.
Call now and tell your 'R' rep to vote no. D's wanted this, so that's a waste of effort. Need 183 'R's to vote no.
And nobody is guilty because everybody is guilty.
Reading this scenario is like listening to two pre-pubescent boys trying to figure out how to fuck an oversexed neighborhood housewife. Their plans are ill-conceived and sure to reap misery. If it works, you get a moment of glory and years of shame. If it fails, your attempt at manhood is stymied. It's a no win situation.
Geez, I always found 'ya wanna?' worked.
that's very crass
"nice shoes" should be your first line
then you can follow up with the "wanna ****?"
Years of shame my ass.
More like years of gloating.
@Blano
Noted. But even if one doesn't mind screwing Mrs. Benjamin, it has societal ramifications. For one, it probably means your chances with her younger, hotter daughter are greatly diminished. There's a similar dynamic at play here. All of these plans are doomed to fail and these cowards will be exposed.
"Okay, boys, huddle up. Here is the plan. First, I am going to buy off my local constituents with a shitload of pork. Next, I am going to enrich myself by doing the bidding of my masters, no matter how devastating it is for the country. Okay, break, on 3."
That is how the Congress of the United States works. That is why local dipshits love "Their" congressdouche and hate all others. That is how the Robert Byrds, Barney Frannks and Nancy Pelosis of the world get re-elected decade after decade. The locals are fattened up on bacon and the country gets to play the role of Ned Beatty in Cajun country.
This is 2011. You need to get out more, and expand your horizons.
Or, better yet, just pay fukking attention!
Oh my gosh, thank you so much for that wisdom. I don't know what I would have done without you. You really cleared up everything for me. Thank you. I was so lost but you have shown me the light. What would I do without your wisdom? Thank you again for helping a poor wretch like me see. Your post was so wonderful and awesome and beautiful. I just hope someday I will be worthy of you. Please forgive me for not being as smart and wonderful and inciteful as you. I will try harder. Forgive me, sir, I beg you.
He's a very wise Kohn Brothers Tea Party voter! Hes super smart, just ask him he'll tell ya.
You misspelled Koch-sucker.
Up off your knees, wretched dog
@WestVillageIdiot
"Deliverance" was set in rural Georgia, a long way from Cajun country. But hey, Cleveland accents are a lot like New York City, right? "Southern Comfort" was set in Cajun country.
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
@cursive - do you know what happened within 24 hours of Ibanez? I can't take it. . . .
Totally agree caerus
The only thing these clowns now how to pass is GAS.....again tea party let americans down by even going along with this gas pass....this hole thing is a mud twaddle.
Boehners just passed Bill will die in the Senate tonight before midnight tonight.
Reid is floating more cuts up front, a promise on a VOTE for a BBA and some stronger trigger to get Senate GOP xovers (h/t chuck todd).
As for actual procedure this is what it will looks like (from the Hill.com)
Senate Majority Leader Harry Reid (D-Nev.) is shooting for a compromise by Friday night to set up a Monday morning vote in the Senate on a measure to raise the debt ceiling.
Reid is trying to reach a deal that would allow both chambers of Congress to take votes on a new measure to raise the debt ceiling by the end of the day on Tuesday, Aug. 2, when the Treasury Department says it will run out of money to pay the nation's bills.
According to guidance from Reid's office, the majority leader is looking at the following possible schedule.
The House will vote on House Speaker John Boehner's debt ceiling plan on Friday evening, and it is expected to approve it.
The Senate is then expected to approve a motion to table the measure, as early as Friday evening. That motion only requires a majority vote for approval.
The tabling motion will allow the Senate to use Boehner's measure as a vehicle for a possible Senate compromise bill that would be worked out by Democrats and Republicans in the upper chamber.
If the two sides can reach such an agreement, Reid will file a cloture motion on the amendment to the Boehner bill on Friday night.
Reid's motion would set up a vote as early as 1 a.m. Sunday to end debate on that amended measure. Sixty votes would be required to end the debate.
If that vote succeeds, it would set up a possible final vote on passage of the new measure at 7:30 a.m. Monday, according to the guidance.
This would give the House two full days to consider that measure before the deadline at the end of the day on Aug. 2 is reached.
Technically, according to a Democrat aide, a compromise amendment could be filed Saturday and still allow a final vote on Aug. 2 but this would cut things very close.
Once cloture is filed on the compromise legislation, it is very hard to rewrite the compromise. It would take unanimous consent in the Senate to vitiate the cloture motion, Sen. Jon Kyl (R-Ariz.) explained Friday. Seeking that is risky since some senators such as Sen. Jim DeMint (R-S.C.) vowing to block any debt ceiling increase.
bravo...i feel smarter for having read this
lizzy -
If we pay our bond holders would we have defaulted?
Do we have the money to pay our bond holders?
How is the debt ceiling analagous to anything? We can pay our debt and continue as a country (without a debt ceiling increase), am I wrong?
Come on bob, you're really harshing the feigned drama. If the masters can't get their sheep all worked up into a tizzy over this imaginary event, they lose some power. And if you keep pointing out that the privately-owned-by-TBTF-banks Federal Reserve corporation can can simply print up 100T tomorrow and pay for everything(in a round about way), well, you may end up in Gitmo. Don't let the mindless slaves know that they are being taxed for no real reason. Shame on you.
I have seen varying reports.
My feeling is you get to October maybe.
Yanks borrow about 45-50 cents of every dollar spent.
The problem is reciepts would plunge almost immediately, due to the double dip that is likely happen, but happens with gusto once $150B-$200B is removed from the economy, every month.
And don't forget around $450B of debt Geithner has to roll by end of August. That would be interesting.
Now as JPM speculated in a note today there are assets the government could sell to raise cash. The thing is, is a fire sale of assets, like gold, really the best path forward. I am not sure, i am going to guess it is better than default.
My opinion on going forward without raising the debt ceiling is it would demonstrate to Americans and to the world just how truly broke the US is. And not only financially but poltically. I suspect the reprecussions of this becoming explicit is where the true unintended consequences of default come in.
BUT as long as we pay our bond holders there is no threat of default.
There is no threat of downgrade. Like I said before, even IF we got downgraded every other asset class in the world would be downgraded as well.
So...what's the problem? Where's the threat? Why should any conservative cave to any demands?
CUT SPENDING MASSIVELY. PERIOD.
If the prez doesn't like it that's on him and he can choose who doesn't get paid here. That's entirely his prerogative
You willing to cut military spending as much as other areas? I seriously doubt it. No threat of downgrande? What are you drinking, smoking?
"You willing to cut military spending as much as other areas?"
Well, I am if he's not.
I say the europeans can handle their own military adventures. Close our military bases on their soil...all of them. Let the screeching & howling commence from euros suddenly having to choose between their vacation time, soialized healthcare, transportation and their peoples national interests in Libya and elsewhere...stickey wicket what? ;-)
Not a single founding father would agree with our military policy today.
Alexander Hamilton might...I have grown to despise him and understand why a lot of the other founders did as well.
thats why i cant stand those citizen bank commercials
Maybe that's why they wrote it into Article 1 Section 8, eh wot?
"To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;"
Mmmm....smells like Continental dollars up in this bitch.
I smell many "continental" worms crawling around here these days. There is a reason why we split from those insufferable assholes.
HELL YES!!! and BRING OUR TROOPS HOME!!!
I agree.
Close the European bases and come home.
Oh and throw the UN out of New York, they are taking up necessary space and resources.
There is ONLY one military issue today in the world which is an ongoing hot potato; its the oil patch. As 1973 showed, that region owns what makes the world go round. If you turn off the ME oil tap, for whatever reason, local or geopolitical, its curtains world wide. It has now for sixty years been the corner-stone of US power play. Since the Berlin wall collapse and Soviet wind-down, the ONLY real strategic issue for USA. The tragedy is that we knew this since 1978 when te Shah of IRan went on his peak oil crusade and it was proven right the next year when he fell. Only RR said, 'its not in my book'. He got Saudi to open tap full in 1982 and it stayed open bringing down oil price as Europe cut back on consumption. We have left that old 1978 scenario and moved into cheap oil; until 2003 and the Bush Iraq caper, that suddenly shoved us back to 1978 reality with a vengeance. Now with hungry Chindia as part of world energy guzzling demand it isn't just USA/EU/Japan, the demand side. Its MUCH bigger and the cheap oil cake is MUCH smaller. After Fukushima fukk-up, we are now short of all options with an economically feasable energy scenario. So whether its EU or USA or China that foots the oil region defense stabilisation bill, the WHOLE world will NOW fight for the only cheap oil that is left, along with Russia. The middle east reservoir will hold the world by its short hairs for the next thirty years...So the USA with its current problems, if it moves its troops out of Europe and world wide, it will lose out on the share of ME oil.
That, in a nut shell, is what the crux of globalisation is now about. In the context of financial mayhem created by US kleptocratic greed fed on 'irrational exuberance' and guaranteed by historic 'exorbitant petrodollar privilege' since donkey years.
Play it again Sam...and try and see it from the perspective of the coming energy quandry.
A firesale of real assets (like gold) in exchange for printed money is treason and it is exactly what the puppetmasters want. Here's how it works, straight from the IMF/Rothschild playbook: 1. Buy politicians and get them to give you rights to print the country's money. 2. Everyone goes on a debt binge. Elites profit from bubbles and expanded government. 3. To keep the bubbles going, everyone has to do real work on your system's hamster wheel in order to pay interest on the money you created out of nothing. 4. Bubbles pop, your puppets bail you out with more free money, little people get the shaft. 5. Use the bailout money to buy up public assets for pennies on the dollar. 6. Print some more money to pay stormtroopers to keep your rents flowing. 7. When there is nothing left to steal, start a war as a distraction while you escape. Finance both sides if you like; the winner will owe you bigtime. 8. Repeat the process somewhere else, while blaming your victims for the previous disasters.
I say default is much better. Burn the system down and hang the traitors.
The Amschels aka Rothschilds (red shield in german) keep large quantities of Gold.
Always have.
They have private storehouses for it.
If you'd like to take a glimpse into the world of Rothschild, take a look at http://www.opusonewinery.com/
The white orchids are a nice touch.
http://www.reformation.org/adolf-hitler.html
something fishy about wikopedia entries for the rothchild family history?
i read the name was bauer, changed to rothchild for the insignia on the
building / business. wiki doesn't tell it that way. ?
Lizzy:
So, borrowing more money paves this particular crevasse over and lets the trucks keep rollin' rollin' rollin'?
I'd say that the formerly recalcitrant opponents to Boner's third rock didn't forget. In fact, I'd say that they are eager for another bite at that apple.
And a fire sale of Wolfram would ignite other firing chains that would blow the atmosphere off of the Earth.
And, well, how dare you to presume "unintended consequences." Any proof of that?
- Ned
When the prtinting press is fired up for QE3 and hyperinflation kicks in, debts will be paid with worthless money. This is default.
http://www.bipartisanpolicy.org/sites/default/files/Debt%20Ceiling%20Ana...
.
Debt Limit Analysis
JULY 2011
The recent GDP numbers that came out are very suspect. What a fucking coincidence that the BEA does some terrible downgrades the day of one of the biggest votes in recent US history. Im fucking confident that the GDP numbers were heavily "politicized" in order to scare some of the younger folk into voting.
Tea Party got snookered into the vote. Fear is a great control mechanism.
Carry on ponzi soldiers. Within a few weeks this debacle will be forgotten as the next Casey Anthony grips the nation's attention. Save and prepare in the meantime.
Sticking point - does Bammer get enough funds to get him through the election?
Replay this circus show in 2013.
How much more of the planet is burning in the background by then ...
I just bought 30 pieces of silver (American eagles). I will gladly donate them if these m'fers will hang themselves.
That is a true story.
doesn't matter... because Obama has absolutely ZERO chance of being re-elected. Zero. None. The very thought is laughable.
Only the MSM and union dinosaurs actually believe BO can be re-elected. They are kidding themselves.
2012 will be another bloodbath for incumbents, many of whom are sealing their fates this weekend with their vote on this debt ceiling deal.
Obama is gone in 2012. Book it.
It absolutely matters to Bammer ... he does not want another debt ceiling distraction next summer right before the elections !
Jeebus I hope you're right. I hope the Republicans nominate a sack of flour.
The only Preznit I could possibly trust at this point would be an inanimate object. Even cockroaches are too unpredictable.
Back in the early '60s (or so) there was a short story called The Cat in the Hat for President. If you enjoy satire and can muster a 20 minute attention-span, it's well worth the read.
The hero gets eaten in the end.
We in the TEA party have showed you how it is done. If you refuse to put on clean underwear and leave your parent's basement, it's on you. Quit giving this 'all parties are the same' shit. You just saw a demonstration in the last 2 days that they aren't. The problem is YOU!
Wake up and pay attention!
i honestly can't tell if you're being serious.
That sez volumes about you.
Thank you for being here. I love your posts. They are so witty and informative. We really should be grateful that you are with us. Once again, please accept my deepest thanks for you sharing your wisdom with us. You are great.
Mynhair is very smart he's a Kohn Brothers Tea Party activist, the smartest of the smart!
I've been reading his posts for a while now. If he's actually a TP member I'll skip joining.
How can you be a "member"? It's not a party.
It's a concept. Yanno, like Jihad.
Ding, Ding, Ding, we have a winner.
The concept of Tea Party resistance is supposed to be LOCAL.
The most effective way to get an elected official's attention is to organise locally.
Submitting a respectful, but firmly worded, letter announcing i) the number of constituents in your group, ii)with a list of expectations from the electee, and iii) your willingness to get out the vote for the OTHER guy, will make them wake up in cold sweats come election time.
Bzzzzt. Fail. Unless you write your "firmly worded" manifesto on a check with at least one comma, you will not wake anyone up.
You are free to surrender, if you like. Be sure to write...
I know this will work, because my wife, and two dozen of her friends with the USPS were successful in getting our Congressman to write the Postmaster General concerning an ass-hat local Postmaster. That resulted in several wrongly dismissed mail-carriers being re-hired, even though thier Union had given it up as a lost cause.
Oh, and she got that done for free.
Cramer is all happy and excited on his show. That causes me concern. It appears that the Debt Ceiling raise will cost me Money.
He was really up set this morning, now all smiles and pump.
he's a clown...he's the court jester...except (unlike Shakespeare's jesters) he doesn't tell the truth...
Don't forget that this fuckstick still credits himself with causing QE1 and the bailouts. There is a special place in hell reserved for this cunt. He will be at the same table with Greenspan and Rubin. They can share the seafood tower. Oh, that's right, they don't eat shellfish. Bwahahaha.
he's a red...got portraits of mao and lenin on his set...even has the same lenin haircut/goatee...BUY! BUY! BUY!...also his "charitable trust" simply means that he gets to decide on an income to himself...for life...and then maybe a little coin to his favorite "charity" after he dies...got to hand it to him...assclown
Waterfallsparkles: it will cost you "Real Money!" ;-)
Pantomime.
The 11th hour compromise. Thank you for watching this year's edition of Political Chicken.
Debt can about to be punted through the uprights, bringing an end to the Brinkmanship Bowl 2011. Come back next year for the special Presidential Election Showdown Edition.
Tune in Monday for the Ticker Tape Parade!
Did anybody else play chicken in the pool with the girls? It was always awesome seeing two girls in bikinis going after each other on some guy's shoulders. That was so much better than watching this bullshit.
Kudos for working football into the mix.
I'M SICK OF THIS SHIT. I'M VOTING EVERY INCOMBENT OUT NEXT YEAR.
I'M SICK OF THIS SHIT. I'M VOTING EVERY INCOMBENT OUT NEXT YEAR.
I take it you never stumped for anyone, or attended a TEA party, or ever did shit. Hope you are in a Blue State.
Mynhair staunchly stumping for the Kohn Brother rats. Do you even know who they are youre working for? Probably oblivious.
It should be noted that Jim Jordan was threatened with redistricting in Ohio. He still told them to pound sand and cast his vote with the working class. A patriot.
Boner crossed the line. We'll see who winds up in the metaphorical cross hairs.
http://thehill.com/blogs/ballot-box/house-races/174211-jordan-in-redistricting-crosshairs-after-bucking-boehner
http://www.youtube.com/watch?v=kz_6jagv_D4