Boehner's Full Fox News Appearance
For those who missed it, here is the full video and summary from Boehner's earlier appearance on Fox News Sunday with Chris Wallace. The "Asian market open" strawman is getting closer, and there is absolutely no resolution yet. Ironically, just like with QE3, the all too habituated market will buy every dip (remember: nothing can possibly go wrong in the global Bernanke put regime) easily validating the republicans' paradoxical case that the market can more than survive a failure to reach a debt ceiling hike consensus. In the meantime, even as the S&P surges to unseen heights the economy is on the verge of cannibalizing itself as the government begins scrambling for every available penny of incremental revenue.
From Fox News:
Boehner: Debt Limit Agreement Must Adhere to Principles of "Cut, Cap, & Balance," Be a Two-Stage Process:
"I am going to continue to work with my Congressional colleagues in both parties and my House Republican Conference to try to develop a framework within the 'Cut, Cap and Balance' effort that the House passed this past week. I do believe that such a framework could come together, but it is not in place as we sit here. ... There is going to be a two-stage process. It is not physically possible to do all of this in one step."
Boehner: President Obama Is Worried About His Next Election, Needs to Get Serious About Cutting Spending:
"Chris, I know the president's worried about his next election. But my God, shouldn't we be worried about the country? We've got a budget deficit of $1.5 trillion; we're borrowing 42 cents on every dollar we spend; we have $14.5 trillion national debt. It is time to get serious about stopping the spending here in Washington, DC."
Boehner: We Need to "Cut, Cap, & Balance" to Instill Confidence In Our Economy:
"The American people are asking the question, 'where are the jobs?' ... I think it's important that we deal with our long-term problem. It's serious. Washington's spending's been out of control, and what's happened over the last two years really shows how much out of control it's gotten: trillion-dollar 'stimulus' plan; a health care plan that we can't afford; all of this extra spending that has not worked, and the spending binge has to stop. And our efforts all year have focused on trying to stop it. And as I look at trying to put together a plan with my colleagues, I am going to work within the framework of 'Cut, Cap, and Balance' because those are the three things that have to happen if we are going to instill confidence in our economy."
Boehner: Balanced Budget Amendment the Best Way to force Washington Get Spending Under Control:
"I continue to believe that a Balanced Budget Amendment is the greatest enforcement mechanism to bring Washington spending under control. ... I'm going to continue to develop a framework within the principles of 'Cut, Cap, and Balance.'"
Boehner: I Don't Want to See Default or Get Close to It:
"I understand the president feels that we need bigger government and more spending here in Washington. I believe allowing the American people to keep more of that money is the best way to create jobs and grow our economy. ... My job on behalf of the country is to find as much common ground as we can to help move the country ahead. ... I am interested in a solution to the problem that we face. I don't want to see default, I don't frankly want to get anywhere close to it."
Boehner: The House Has Done Its Work; It's Time for Democrats to "Lay Their Cards on the Table":
"Remember this ... the House has done its work. We've passed a budget. We've passed a plan. We've passed 'Cut, Cap, and Balance.' And not one time in this whole process have Senate Democrats or White House passed a budget, put a budget out there, or even put a plan out there. The conversations I was having with the president in case the Senate didn't pass 'Cut, Cap, and Balance' -- there was never any plan from the White House. The whole plan came from us. We laid out the framework. And at some point they've got to lay their cards on the table."
Boehner: Republican Majority Has Changed the Focus in Washington to Cutting Spending:
"Think about this remarkable conversation we're having. A year ago we had just passed the health care bill; we had 'stimulus' bill that was passed the year before. It was all about how much more spending Washington could do. And here we are, in the six months after a new Republican majority, and all of the discussion is about how many trillions of dollars we are going to cut. This really is a pretty remarkable change here in Washington, DC."
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Beavis, Butthead and Boehner, a new cartoon coming from Washington! hehhehhehe Boner, do you go tanning every morning before you go on TV you asshole?
Query:
My Response:
There's another reason it doesn't work -- so many of the people in most parts of the country are reliant on the government that if you do have that "hard crash" event, you would have default WHILE you also have Civil War II.
It would literally be the end of the Republic. I don't even think there's enough money to support both debt service and the military complex -- I believe, if my math's right, you can't service the debt and keep the military going.
All as predicted: remember this. The zillions to bail out the banks, now it's austerity for everyone else. The war won't be cut, the monies to the banks will not be clawed back. They levered the shit out of the gov't to bail THEM out and now they will slice everything else.
Will we pull out of the $1T/year wars? Nope. No plan for that. It's cut everything else. Cut SS spending to pay for wars that none of us actually want.
Quelle suprise....
Quelle Boner...........
Yup it's "Granny, can you spare a dime?"
Yes, about that war. Why don't we adopt a legitimate defense budget as defined within the framework of the Constitution, as crazy as it sounds. God knows we don't defend our borders, so why is all of this "defense" money being wasted in foreign lands?
Budgets and spending are the responsibility of the house, but foreign policy falls on he shoulders of the Democratically controlled senate and executive. So not only are the Democrats obstructing any spending cuts, they are also the true war mongers here. When are the closet Democrats here at ZH going to stop diverting attention away from Obama's destructive plans for America and the progressives that are supporting it?
When I listen to this too-orange Oompa Lumpa, my brain swells as big as Veruca Salt.
OMG. My parents are aged 89 and 90 -- children of the Depression and the (self-named?) Greatest Generation. I was raised to believe.
Now all I want to do is opt out.
Inanity, thy name is Boehner.
Civil War. NWO-level population reset to follow?
It would be helpful if the Senate and President could put forth their plans instead of simply shitting on the Congressional plan.
Plan? For what? The debt ceiling is a separate item on all agendas. It has been made a focus of the Republicans to bring attention to the debt/deficit problems. That in itself is a good thing, but the ceiling is another animal altogether. Just because you come into my front yard with a frisbee doesn't mean that I have to drop what I'm doing and play. It's just possible that the Republicans may have picked on too large a foe to win the fight. I applaud their efforts, don't mistake that. It should be a big battle, but not at the expense of the ceiling.
Now, for my own personal view: Default is not a big thing to my thinking. Gonna happen sooner or later.
The President has been working with Boehner on various plans for weeks. What he really wants is one that cuts spending by up to $4 trillion, about double what the GOP seems to be shooting for. That's right, that damn "socialist" Obama wants a deal with twice the spending cuts that the GOP wants. He'd also like to close some bullshit tax loopholes, that you and I and everyone else know are bullshit. But that is simply unacceptable to all who teabag and therefore "can't pass the house."
I agree that the Dem senate hasn't done much. Frankly teh President should have walked away along time ago and left it to Boehner and Reid to hammer out. We're talking about legislation, from the Legislative Branch, to pay for the spending they've authorized, for the programs they created. It's been unclear to me why the Prez has put himself in the middle of it in the first place.
So, chet-sky, have you seen the President's plan ? What exactly is it he's proposing to cut ? How much and out of what programs ? Point us all to a reference where he lays his cards on the table for all to see.
Uhh, that's right, you can't, because Obozo hasn't specified what he wants to do. He's tossed a number out there, but there is nothing specific to back up that number he says he's willing to do. He's a lying cocksucking tool, playing you and everyone like you for fools.
How do you know a politician is lying ? Either his lips are moving or it comes in the form of a vague statement by sycophantts.
1) He's negotiating. You meet, you work through ideas, you try to get to what will work before you put it on paper. The parameters of Obama's plan have leaked over the past few weeks. They include larger cuts than the GOP is working for, including entitlement reform, which is hardly a small offer.
2) When dealing with the Dems, the GOP always operates on bad faith. Always. So if the President puts anything in writing it won't be used by the GOP to work out a deal, it will be used by the GOP to attack him and score political points. (The Dems are guilty of this too, but not to the absolutely-without-fail-every-time extent that the GOP does it.)
The GOP wants to destory the president, and right now they're finding out just how far they'll go to do it. I don't think that even they know for sure.
Riiiiiiiight.....what a crock!
Total bull, Chet-ster. Have you read the GOP legislation passed last week? You ought to. Can you read Obama's legislation? No - nothing on paper. Using "negotiating" as a cover for the "let's talk and then say what you said isn't what you meant.
I'll be much more interested when Obama puts it on paper. Until then, we don't have anything to go by.
$4T over what, 10 years? That wouldn't close 1/4 of the real deficit
AND HOW MUCH "EFFORT" CAN YOU PUT INTO A NEGOTIATION WHEN YOU STILL HAVE PLENTY OF TIME TO APEAR ON TELEVION DOING INTERVIEWS?!!
And nobody ever mentions that Republicans created this mess starting under Reagan !
Even back then, the US BORROWED 100 MILLION DOLLARS A WEEK from China!
How bout we ratchet back to Vietnam, Kennedy, Johnson and Nixon: they paid for Vietnam by going off the gold standard; then they raided social security funds (Johnson) to pay for that and the new deal. So IMO it goes back much further than Reagan. Nixon was a clueless idiot on economic issues.
Have been puzzled by why we look at the President re: debt, when its Congress who creates and signs the spending. So under Reagan we had "D" in the House and Senate for 6 years - last 2 Senate went R? And under Clinton, we had Congress under 'R' control when the "supposed" budget surplus appeared (no surplus if you don't swipe the SS funds).
R's f-d up under Bush. No question. Bush = bad fiscal juju. Obama = worse fiscal juju.
Full faith and credit! Confidence! Bipartisan nutsuckers! Confidence! Markets! CONfidence. Fuck you Boner. And FUCK YOU WASHINGTON!
http://www.rollingstone.com/politics/news/matt-taibbi-the-crying-shame-o...
You forgot Fuck you Obama and your socialist party.
I just GOT to find his barber.
Epic 1337 awesomesauce, Banzai. Priceless.
win.
BANZAI!!
You rock Banzai!
On another note, the swedish media barely reports at all about our incomprehensible involvment in Libya. Gutless bastards spending all day klickwhoring posting celebrity nipslip pics.
This is supposedly the freest press in the whole world. The most disturbing thing to me is that to get the truth nowadays one would be best served to go to www.RT.com. That's right it is now better to get your news from the fucking Kremlin than what was once the freest and greatest press in the world. Nice.
End rant.
What a sad joke. Luckily I'm a dystopian.
Here i'm again fellas, my gold shorts are gonna pay me big time tomorrow, when the market opens
Look, if you got nothing interesting to say, STFU!
Do you really think anyone gives a flying f..k about your trading position?
BlackSea, relax, rajat is just another Hamy Wagner, a joke on all the moronic trolls out there.
don't look too deep into his words, they are just well crafted sarcasm, so in turn, with that understanding, look very deeply into the words
edit: but to be honest, and someone has already said this, rajat is boring as hell.
Wheres Hamy? Guess he bolted once people outed him.
Thank you Sir, for your understanding, I'm indeed boring as hell. I know that. But what does that say about the merry people who reply to my posts?
You transmuted your copper shorts into gold overnight, dingleberry?
Transitory Transmutation
btw your avatar really freaks me out
Long Ruger, ammo, and gold, short morons like you!
umm... didn't you mean "shot morons like you"?
Thanks for the correction, it is still early here...
youre gonna be taking a crap in your gold shorts shortly
Edit:
If it gets too bad for the rat I will trade him his crappy gold shorts for some of my patented cement shoes!
The gold market will be open today. You don't have to wait for tomorrow if you're here, now.
Gold will not do badly, old boy.
Uncertainty and fiscal irresponsibility breed contempt... for fiat.
Quiet you. Take a dip into the Ganges.
There is a LITTLE bit of talk in GENERAL here and there about topics of different kinds. Until you learn to stop hyping your own trades, no one is going to pay attention.
Contribute something else beside the damn Gold and Silver blah blah.. we know that already.
Once in a while someone says something that is quite useful. But mouth shut, ears open.
You said you covered on the India markets. Give this guy a -1 so he disappears.
I highly doubt you know one thing about trading. Move on sir.
FAIL!
Robotraders' job got outsourced?
Times are tough in this economic climate.
http://www.reddit.com/r/IAmA/comments/ixuld/iama_business_owner_with_15_... [Spoiler: guy is 28, runs a trading house, and is currently sleeping on the office floor due to lack of revenue]
Dude , you're trapped in a 2008 timewarp if you think the dollar is going to outperform Gold in a risk-off scenario. When was the last time a defaulting Nations currency rallied? When was the last time raising the debt ceiling hurt gold? Gold is win/win. Youre entering the twilight zone so buckle up.
For the paper schmucks out there , Mr Fat Fingers has been doing his exercises and is ready to have a fit all over his keyboard.
How's that gold short doing? By the way, the market opens today for the metal. Not tomorrow.
Boehner sounds like a local radio sports personality.
Yeah he does sound seriously cheesy.. like he's got something "unique, only for TODAY" type of gizmo he's trying to sell me.
Best point: We've got a budget deficit of $1.5 trillion; we're borrowing 42 cents on every dollar we spend; we have $14.5 trillion national debt. It is time to get serious about stopping the spending here in Washington, DC."
why not default, we have done it three times already..
Merica can pay ONLY pay its bills only if other countries and investors continue to lend us $100 Billion every month ( $150 Billion a mo. soon )
CBO: interest payments will absorb 18 percent of federal revenue in 2018
You want interest payments to jack up to 40% of federal revenue in 2018 ?
This should explain the implications of default
If you're going to default, do it right. All US debt is null. Deal with it bitches. Then print print print that fiat into existence. Who needs China or the Fed?
Exactly. Repudiate and replace Frn's with United States Notes.
Thats on the assumption we make it that far....BWAHAHAHAHAHA
He's clearly seen the light... where was he when Bush doubled the debt and raised the limit at least 6 times (with the good Speaker's support). Oh, sorry, I forgot none of that counts now that the T Party (and their billionaire corporate masters) are in charge... funny, I must of missed the part where Grover was elected King of the US of A.
Someone... anyone... where is the spell chekc
Who gives a shit what Bush did ? He's history. Now we get the bigger fool Obambi. At least with Bush we "only" ran an average of about 400b a year deficits...with Oblahblah we get 1.6T in deficits per year.
Yeah, let's floor that car as we head over the cliff.
Let's NOT raise the debt ceiling and just default. We get an instant balanced budget and we don't have to pay attention to the fake drama in the Den of Corruption.
You and your friends are just so uninformed... and so naive... not raising the debt ceiling IS flooring it as you head over the cliff.
Have the debt fight... that's your right... but not by threatening to blow up what's left of the economy. Raise the dam thing, then fight all you want... that's the responsible thing to do.
A default ends the economy and the country. Good luck getting to work when someone smashes your fucking windows in.
john boehner is our friend..........
traitor talks at aipac conference 2011
http://www.youtube.com/watch?v=tnAFif8e_M4
Whoa there High Plains, AIPAC is the right arm of the Israeli government, and they have a long memory.
Anyway, I kind of feel sorry for Boehner, he came to power long after anything could be done to avert the crisis. Even if he wanted to, he has about as much power to change things as a hand held fire extinguisher has to put out a forest fire. Nothing on the face of this Earth can stop this cascading collapse. Nothing.
we are collapsing because it is time for us to collapse. boehner is just a useful idiot shabbaz goy. when he is of no further usage he will be discarded like yesterday's trash. he does what they want him to do no matter what , because he sold out his country and his people. no one , no not one single one up there in congress will stand up and do the right thing. not one. the terms left and right mean nothing. the terms democrat and republican mean nothing. they are controlled by the same people and are merely part of the show put out to make us think we have a choice. as george carlin said in one of his last performances. we are the pebble in the shoe of the new world order not so much that we are anymore smarter or easier to control than anyone else. no the problem with us, is one of possiblities....this keeps the jews awake at night worrying that somehow , someway, the americans will wake up and put a end to their well laid out plans , plans that have been on the books for generations.......mayer rothschild said in the late 1700's , i care not who is king, as long as i control the money systems........and so it has been for hundreds of years now. politics mean nothing unless you control your own money. the constitution is very clear on this. congress shall have the right to coin money and no one else. we have abrogated that right to a small select crew of yids......and now we watch as the system collapses and say to ourselves.....when is someone going to do something? the trouble is, that someone is us. we are called to this mission, if not for us, then for those who come later....it is a high calling to save a country and to give all that you have for others. the voices of the founding fathers from the grave are calling now..... the voice inside of heads is whispering to us now...........we had better listen.........
Oh I am so scared of the Jews. Coward.
Strong words. While I don't necesarily agree with the whole Jew argument...at all...its simply a cabal of people some of whom happen to be jewish some of whom arent'...i otherwise agree with yuo 100percent and wish I had a part to play...
down through the early histories of europe and the known world from the days of Christ onward, as recorded , there have been two scarlet threads, metaphorically speaking, running side by side through the minds and hearts of men. in one, was the thread of redemption, the Blood of Christ as it was shed for the sins of many, and the Grace of God given to mankind, as a gift, freely given for all who would believe. but the other thread , the red thread of Satanic Judaism/communism, etc, has also been there all along. judaism is not the religion of the children of ancient israel, but is a religion born out of babylon and the ancient msytery religions...starting perhaps with the pharisees and then continuing on with the gaons and the talmudic teachers and scholars for hundreds of years on into the middle ages and beyond, even till this day...... For you see, it has always been this way, the fight between right and wrong and good and evil........the catholic church was a false church infiltrated from the start. it did what it could to aid the satanic red thread, while pretending to be a Christian institution, of which it is not and never has been. even the pope's wore red clothes and red skullcaps, to signify their true allegences.........when you see communist, what do you see? the red flag flown proudly signifying their atheism and their support for the the serpent , dressed in red.........you look at the rothschilds and you see their shield, the red shield......on and on it goes......the rothschilds were frankist, supporters of the man who said he was one of the messiahs for the jews during those times.......it was false and always was.......so we see , then what the enemy looks like and what he is really all about . maybe that is why Jesus told John the Apostle, when he wrote the Book of Revelations, that no man could stand against this beast.......it is easy to see. such power that extends to every facit of our lives now. it must said that no man in all of the history of this world had ever seen such power...... how can anyone stand against this? it destroys nations and corrupts everything it touches. it truely is satanic... no man can stand against it perhaps for it was written to be so, long ago.......when i first woke up i was ready to go party with this beast. but after many years of contemplation, perhaps i must say, that it is just a sign of the times we live in.......
And between the light and the dark, is the grey.
Between the assholes and the holy are the Whole.
Contested down through the ages, never leaving eachother's side: good and evil.
Because they are part of the same Whole, not apart, but Part of the Whole.
Do you deny your left hand?
It is not to be defended against. It is to be accepted.
Be Whole.
Hey! These poeple are your friends.
Without them, gold would not be going sky high.
Let's get our own priorities straight. Love and hate at the same time?
Nope, the Null Set within the Venn Diagram.
i, myself heard people say many years ago that this nation was headed for financial armagadon. i listened and i thought about it and i realized , based upon years and years of having to listen to the elephant gray bullshit that comes out of washington dc, that i had to do something to protect myself and my family. this i have done and i do not intend on ever going back. i got out of the financial system as it is played these days , many years ago. and i am glad i did. the death of this nation and its way of life is a bitter sweet experience. on the one hand , as time goes by, my pile grows. on the other hand i watch and see hardships inflicted on the nation that i was born in and the nation that i love. i am one man. i cannot do anything now, unless there is help. give me a 50/50 chance at living and i will start up this party, but until then i remain silent and play the waiting game. it is all we can in reality do at this juncture. there are many like me both young and old waiting....waiting until that time.........
Yet you have an internet connection and spend your time posting here? I call your bullshit about getting out of the financial system.
HPD, don't worry about all of these 'sheeple' that do not want to SEE what is really happening. just continue on your path. i'm with you on most of your ideas...there are a few that are out there, but we're close on most. good luck and God speed in the coming days, weeks, months, and years.
it will be a time when you can trust no one. not even your own relatives or your neighbors......
Oh I'm so scared of the Jews. Maybe if the countries in the Middle East worried about their own people instead of Israel they could actually move out of the stone ages. Let's all worry about a tiny group of people and disregard all the problems our countries are having. Yeah that's the ticket. And then we can rile up the same people we screw by using a ridiculous religious rhetoric. Let's take all the oil money for ourselves but tell all the moronic sheeple that it is Muhammad's will.
LOL...you might want to examine the monoethnicity of ownership and control of the banking system, senior congressional chairs, the media, etc. Or you might not. Depending upon how stupid you are.
oh trav, don't you be bringing reality into it.
I wish you and your congress friends would just STFU and go eat a bag of dicks. That's what i think.
PTSD -- from growing up with a name like that. I mean, really.
Our system is broken. Sometimes his tanning sessions make Boehner unavailible.
This is OT, but it's worth it!!! For those that missed the post, this is a must see!!! Take a break from the politicians and enjoy! This is award winning material here!
OK. Now I'm pining for the good ole days of having a JUNK button.
WTF are you talking about? If you can't appreciate good music, hot chicks, fast cars, and firearms, you are either a queer, or a retard? So which is it?
You know, the thing is . . . this is all going to be fiscally contractive. FY2012 fiscally contractive.
The economy is weak as it is (post enormous stimulus), and whatever the compromise is, it's going to be de-stimulus. It's going to be contractive.
Is this really built into these $95 S&P earnings numbers we hear define the P/E?
Sure....think how few cashiers they'll need to pay!
Bingo, end of road contraction.
It could have been contractive, but we have left that behind in the dust. We will inflate to infinity.
Smiddywesson
We will inflate to infinity
I still think it is a toss-up between rampant stagflation and a twilight zone of ongoing desperate attempts to float worthless paper "assets" created over the past decade.
After all, private and public debt calls for interest/earnings that someone must pay. And how shall they pay ?
We have become an inverted pyramid.
when that starts, it will be the time of a lifetime. no one in all of our national history will ever see such things. the end of fiat..........its a terrible thing .........but we will see it .........and it will happen fast , imho...........
Boners Full Frontal Appearance?
I'm going to pass on this vid and hang out with Ron Jeremy instead.