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Boehner's Full Fox News Appearance

Tyler Durden's picture


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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Sun, 07/24/2011 - 13:03 | 1487476 Eireann go Brach
Eireann go Brach's picture

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?

Sun, 07/24/2011 - 13:29 | 1487523 TruthInSunshine
TruthInSunshine's picture



What happens when a significant and hard crash is needed in order to obtain as much public support as possible for instituting dramatic policy/legislative changes (that further subsidize the financial-military-industrial complex at the expense of individual American taxpayers, American small businesses, and even mid-sized American businesses with little or no international operations), yet the crash doesn't take place?


My Response:

The question has an idiotic premise as it presupposes that elected representatives, whose sole constituency is the financial-military-industrial complex, pay attention to 'public support,' as the media is so corrupted, barely a decimal point's worth of the voters in their districts understand the hows & whys of what's being done at the legislative level, but rather cling to taglines tossed out the punditry that fronts for the false left-right paradigm that "freedom loving Americans" cling to.

If that was tl;dr - Elected Representatives no longer have to worry about public opinion of the voters back home because there's no viable alternative to the criminals in CONgress.

Sun, 07/24/2011 - 15:49 | 1488098 darkstar7646
darkstar7646's picture

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.

Sun, 07/24/2011 - 13:16 | 1487534 trav7777
trav7777's picture

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.

Sun, 07/24/2011 - 13:22 | 1487559 Flakmeister
Flakmeister's picture

Quelle suprise....

Sun, 07/24/2011 - 13:37 | 1487628 Pimp Juice
Pimp Juice's picture

Quelle Boner...........

Sun, 07/24/2011 - 13:56 | 1487704 Caviar Emptor
Caviar Emptor's picture

Yup it's "Granny, can you spare a dime?"

Sun, 07/24/2011 - 14:30 | 1487823 A Lunatic
A Lunatic's picture

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?

Sun, 07/24/2011 - 15:04 | 1487928 ConfederateH
ConfederateH's picture

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?

Sun, 07/24/2011 - 15:05 | 1487931 minosgal
minosgal's picture


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.



Sun, 07/24/2011 - 15:49 | 1488100 darkstar7646
darkstar7646's picture

Civil War. NWO-level population reset to follow?

Sun, 07/24/2011 - 13:23 | 1487566 MiguelitoRaton
MiguelitoRaton's picture

It would be helpful if the Senate and President could put forth their plans instead of simply shitting on the Congressional plan.

Sun, 07/24/2011 - 14:16 | 1487781 RockyRacoon
RockyRacoon's picture

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.

Sun, 07/24/2011 - 14:26 | 1487814 chet
chet's picture

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.

Sun, 07/24/2011 - 14:41 | 1487855 skipjack
skipjack's picture

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.

Sun, 07/24/2011 - 15:05 | 1487932 chet
chet's picture

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.

Sun, 07/24/2011 - 16:14 | 1488217 r101958
r101958's picture

Riiiiiiiight.....what a crock!

Mon, 07/25/2011 - 02:09 | 1489859 FlyPaper
FlyPaper's picture

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.


Mon, 07/25/2011 - 00:49 | 1489777 trav7777
trav7777's picture

$4T over what, 10 years?  That wouldn't close 1/4 of the real deficit

Sun, 07/24/2011 - 15:17 | 1487851 Sudden Debt
Sudden Debt's picture


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!



Mon, 07/25/2011 - 02:15 | 1489867 FlyPaper
FlyPaper's picture

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.  


Sun, 07/24/2011 - 13:03 | 1487477 Conrad Murray
Conrad Murray's picture

Full faith and credit! Confidence! Bipartisan nutsuckers! Confidence! Markets! CONfidence. Fuck you Boner. And FUCK YOU WASHINGTON!

Sun, 07/24/2011 - 13:47 | 1487669 foxmuldar
foxmuldar's picture

You forgot Fuck you Obama and your socialist party.

Sun, 07/24/2011 - 13:04 | 1487478 williambanzai7
williambanzai7's picture


Sun, 07/24/2011 - 13:06 | 1487487 cossack55
cossack55's picture

I just GOT to find his barber.

Sun, 07/24/2011 - 13:10 | 1487506 snowball777
snowball777's picture

Epic 1337 awesomesauce, Banzai. Priceless.

Sun, 07/24/2011 - 13:28 | 1487589 jomama
jomama's picture


Sun, 07/24/2011 - 15:20 | 1487988 RacerX
RacerX's picture


Mon, 07/25/2011 - 01:45 | 1489836 nobita
nobita's picture

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 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.

Sun, 07/24/2011 - 13:04 | 1487479 cossack55
cossack55's picture

What a sad joke. Luckily I'm a dystopian. 

Sun, 07/24/2011 - 13:04 | 1487480 rajat_bhatia
rajat_bhatia's picture

Here i'm again fellas, my gold shorts are gonna pay me big time tomorrow, when the market opens

Sun, 07/24/2011 - 13:11 | 1487509 BlackSea
BlackSea's picture

Look, if you got nothing interesting to say, STFU!

Do you really think anyone gives a flying f..k about your trading position?

Sun, 07/24/2011 - 14:01 | 1487711 Captain Planet
Captain Planet's picture

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. 

Sun, 07/24/2011 - 14:45 | 1487875 rajat_bhatia
rajat_bhatia's picture

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?

Sun, 07/24/2011 - 13:11 | 1487513 snowball777
snowball777's picture

You transmuted your copper shorts into gold overnight, dingleberry?

Sun, 07/24/2011 - 13:36 | 1487624 Transitory Disi...
Transitory Disinflation's picture

Transitory Transmutation

Sun, 07/24/2011 - 15:21 | 1487992 RacerX
RacerX's picture

btw your avatar really freaks me out

Sun, 07/24/2011 - 13:16 | 1487535 Doyle Hargraves
Doyle Hargraves's picture

Long Ruger, ammo, and gold, short morons like you!

Sun, 07/24/2011 - 13:23 | 1487569 Flakmeister
Flakmeister's picture

umm... didn't you mean "shot morons like you"?

Sun, 07/24/2011 - 13:49 | 1487680 Doyle Hargraves
Doyle Hargraves's picture

Thanks for the correction, it is still early here...

Sun, 07/24/2011 - 13:16 | 1487537 kito
kito's picture

youre gonna be taking a crap in your gold shorts shortly

Sun, 07/24/2011 - 14:24 | 1487561 Doyle Hargraves
Doyle Hargraves's picture


If it gets too bad for the rat I will trade him his crappy gold shorts for some of my patented cement shoes!

Sun, 07/24/2011 - 13:18 | 1487540 knukles
knukles's picture

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.

Sun, 07/24/2011 - 13:21 | 1487555 HungrySeagull
HungrySeagull's picture

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.

Sun, 07/24/2011 - 13:22 | 1487562 traderjoe
traderjoe's picture

You said you covered on the India markets. Give this guy a -1 so he disappears.

Sun, 07/24/2011 - 13:22 | 1487563 Manzilla
Manzilla's picture

I highly doubt you know one thing about trading. Move on sir.

Sun, 07/24/2011 - 13:25 | 1487581 slow_roast
slow_roast's picture


Sun, 07/24/2011 - 14:13 | 1487767 Use of Weapons
Use of Weapons's picture

Robotraders' job got outsourced?


Times are tough in this economic climate. [Spoiler: guy is 28, runs a trading house, and is currently sleeping on the office floor due to lack of revenue]

Sun, 07/24/2011 - 14:51 | 1487889 equity_momo
equity_momo's picture

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.

Sun, 07/24/2011 - 18:39 | 1488859 Manzilla
Manzilla's picture

How's that gold short doing? By the way, the market opens today for the metal. Not tomorrow.

Sun, 07/24/2011 - 13:05 | 1487481 Spastica Rex
Spastica Rex's picture

Boehner sounds like a local radio sports personality.

Sun, 07/24/2011 - 15:25 | 1488013 RacerX
RacerX's picture

Yeah he does sound seriously cheesy.. like he's got something "unique, only for TODAY" type of gizmo he's trying to sell me.

Sun, 07/24/2011 - 13:05 | 1487486 km4
km4's picture

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."

Sun, 07/24/2011 - 13:10 | 1487504 vocational tainee
vocational tainee's picture

why not default, we have done it three times already..

Sun, 07/24/2011 - 13:14 | 1487527 km4
km4's picture

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

Sun, 07/24/2011 - 13:18 | 1487543 Conrad Murray
Conrad Murray's picture

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?

Sun, 07/24/2011 - 13:25 | 1487579 traderjoe
traderjoe's picture

Exactly. Repudiate and replace Frn's with United States Notes.

Sun, 07/24/2011 - 13:20 | 1487554 Doyle Hargraves
Doyle Hargraves's picture

Thats on the assumption we make it that far....BWAHAHAHAHAHA

Sun, 07/24/2011 - 14:00 | 1487723 SRV - ES339
SRV - ES339's picture

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

Sun, 07/24/2011 - 14:45 | 1487873 skipjack
skipjack's picture

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.

Sun, 07/24/2011 - 15:09 | 1487944 SRV - ES339
SRV - ES339's picture

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.

Sun, 07/24/2011 - 15:56 | 1488133 darkstar7646
darkstar7646's picture

A default ends the economy and the country. Good luck getting to work when someone smashes your fucking windows in.

Sun, 07/24/2011 - 13:07 | 1487492 High Plains Drifter
High Plains Drifter's picture

john boehner is our friend..........

traitor talks at aipac conference 2011

Sun, 07/24/2011 - 13:12 | 1487518 Smiddywesson
Smiddywesson's picture

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.

Sun, 07/24/2011 - 13:24 | 1487574 High Plains Drifter
High Plains Drifter's picture

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 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.........

Sun, 07/24/2011 - 13:34 | 1487621 Manzilla
Manzilla's picture

Oh I am so scared of the Jews. Coward.

Sun, 07/24/2011 - 13:59 | 1487716 Rick Masters
Rick Masters's picture

Strong words. While I don't necesarily agree with the whole Jew 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...

Sun, 07/24/2011 - 14:35 | 1487838 High Plains Drifter
High Plains Drifter's picture

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 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 was false and always 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 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.......

Sun, 07/24/2011 - 14:52 | 1487890 LeBalance
LeBalance's picture

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.

Sun, 07/24/2011 - 13:20 | 1487553 knukles
knukles's picture

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. 

Sun, 07/24/2011 - 13:30 | 1487596 High Plains Drifter
High Plains Drifter's picture

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.........

Sun, 07/24/2011 - 13:36 | 1487625 Manzilla
Manzilla's picture

Yet you have an internet connection and spend your time posting here? I call your bullshit about getting out of the financial system.

Sun, 07/24/2011 - 16:15 | 1488222 jerry_theking_lawler
jerry_theking_lawler's picture

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.

Sun, 07/24/2011 - 17:23 | 1488516 High Plains Drifter
High Plains Drifter's picture

it will be a time when you can trust no one. not even your own relatives or your neighbors......

Sun, 07/24/2011 - 13:33 | 1487614 Manzilla
Manzilla's picture

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.

Sun, 07/24/2011 - 14:37 | 1487852 trav7777
trav7777's picture 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.

Sun, 07/24/2011 - 15:03 | 1487926 LeBalance
LeBalance's picture

oh trav, don't you be bringing reality into it.

Sun, 07/24/2011 - 13:08 | 1487493 Debtless
Debtless's picture

I wish you and your congress friends would just STFU and go eat a bag of dicks. That's what i think.

Sun, 07/24/2011 - 13:10 | 1487501 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

PTSD -- from growing up with a name like that.  I mean, really.

Sun, 07/24/2011 - 13:11 | 1487502 oldmanagain
oldmanagain's picture

Our system is broken.  Sometimes his tanning sessions make Boehner unavailible.

Sun, 07/24/2011 - 13:10 | 1487507 jkruffin
jkruffin's picture

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!
Sun, 07/24/2011 - 14:22 | 1487800 RockyRacoon
RockyRacoon's picture

OK.  Now I'm pining for the good ole days of having a JUNK button.

Sun, 07/24/2011 - 14:40 | 1487856 jkruffin
jkruffin's picture

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?

Sun, 07/24/2011 - 13:12 | 1487511 CrashisOptimistic
CrashisOptimistic's picture


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?

Sun, 07/24/2011 - 13:12 | 1487519 snowball777
snowball777's picture

Sure....think how few cashiers they'll need to pay!

Sun, 07/24/2011 - 13:13 | 1487520 oldmanagain
oldmanagain's picture

Bingo, end of road contraction.

Sun, 07/24/2011 - 13:15 | 1487532 Smiddywesson
Smiddywesson's picture

It could have been contractive, but we have left that behind in the dust.  We will inflate to infinity.

Sun, 07/24/2011 - 13:50 | 1487683 Kayman
Kayman's picture


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.


Sun, 07/24/2011 - 13:58 | 1487710 High Plains Drifter
High Plains Drifter's picture

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...........

Sun, 07/24/2011 - 13:14 | 1487521 Hook Line and S...
Hook Line and Sphincter's picture

Boners Full Frontal Appearance?

I'm going to pass on this vid and hang out with Ron Jeremy instead.

Sun, 07/24/2011 - 13:24 | 1487577 yabyum
yabyum's picture

Ron Jeremy is as real as it gets, he has more cred than all the A$$holes in DC save Bernie Sanders.

Sun, 07/24/2011 - 14:25 | 1487807 RockyRacoon
RockyRacoon's picture

Ron got all fat and sweaty there in his last days, and had to slap something around (including himself) just to keep up.   He became his own fluffer.    Sad to see.

I'll skip the analogy to the present United States.  The parallels should be obvious to anyone.

Sun, 07/24/2011 - 13:14 | 1487529 MRSAP
MRSAP's picture

Every discuss about debt ceiling ist only children's theater, they have to prefer to cut spending and start times check out Obama's ridiculous programs on realism!

Sun, 07/24/2011 - 13:14 | 1487530 snowball777
snowball777's picture

"I'm gonna continue to..."

"I'm gonna..."

"We're gonna try..."


Come back when you HAVE A FUCKING PLAN, Boner!

Sun, 07/24/2011 - 13:18 | 1487544 HungrySeagull
HungrySeagull's picture

He did. The house passed it last week.

The senate under King Ried killed it stone cold dead.

Sun, 07/24/2011 - 14:06 | 1487747 snowball777
snowball777's picture

I said PLAN.

Sun, 07/24/2011 - 16:20 | 1488255 jerry_theking_lawler
jerry_theking_lawler's picture

not only a PLAN, fucktard, an actual Bill. something no dems have put out....where is the dem's plan? where is the dem's budget? 2011 or 2010? where is the president's plan? i mean an actualy written plan for everyone, including the MSM to view? the repubs have a plan, its called cut, cap, and balance. the legislative process should have worked and the Senate should have brought it to the floor and made Amendments to it to make it to their liking. that is how the freaking system works (well used to work) its blame each other and then run and get on the nightly telecast to talk about why things didn't work out....

Sun, 07/24/2011 - 14:06 | 1487748 JLee2027
JLee2027's picture

Then can vote on it again, if they choose to.

Sun, 07/24/2011 - 13:38 | 1487633 Smiddywesson
Smiddywesson's picture

Unfortunately, it is too late to cut the abomination that is called "The Budget."  

If the day before Global Crossing, LTCM, or any other failure, the bosses sat down and adopted a budget to put their fiscal affairs in order, would it have mattered?  We are utterly bankrupt, fiscally bankrupt, politically bankrupt, and morally bankrupt.

When this goes down, are you ready?  I most defintely am not.

How much cash do you have on hand? (me, not enough)

How much food do you have on hand? (me, not enough)

Guns, bullets? (Er, You have me there, Smiddy got plenty of stuff to keep my lawyer employed)

How about gas, diesel, batteries, communications? (Nope,nope, and nope)

Do you even know the names of your neighbors?  


THIS IS END GAME.  It is over for this system, sorry.  You have x amount of time to amass stuff you are going to use anyway, even if the impossible happens and all mends itself, and yet we sit here and discuss politics, gold, and certain avatars with a rack chiseled by Michael Angelo (sp).

Gather what you need now, right now.  The biggest and most efficient society in human history won't fail by degrees.  The end will come from some irrelevant development (like the assassination of ArchDuke Ferdinand), and everything will start to cascade over the course of a few frantic days. 

100 years from now, you will be forgotten.  Nobody will care if you prepared for the inevitable, but if you take the steps to protect your loved ones, you won't have any regrets if the inevitable arrives sooner than expected.  Maybe that is too drastic as a generalization, but if you live in the USA, you are about to discover that it can happen here.

Sun, 07/24/2011 - 13:55 | 1487701 High Plains Drifter
High Plains Drifter's picture

i read things on the internet. i study and think about what is going on. i tell others. they laugh at me and tell me stuff like, where did you hear that ?  ha ha ha ......yeh those who are preparing are the outcast. we are the fools , one day my terrible day...............

Sun, 07/24/2011 - 13:41 | 1487647 Cow
Cow's picture

Come back when you have a fucking clue as to what's going on, snowball.  The House passed a plan/bill and the White House and Dems have no plan.  They haven't had a budget for two fucking years, douchebag.

Sun, 07/24/2011 - 14:30 | 1487819 RockyRacoon
RockyRacoon's picture

A "plan" would encompass something that would pass.   Something so one-sided, and only has the objective of being a "I voted for that!" is not a "plan".   It was a place-holder for the present Legislators to keep their seats.  You would NOT have been happy with any Republican "plan" that had the blessings of both parties.  

Just in case we lose sight of the structure of government, this is how it is supposed to work!  If nothing can get done, then nothing gets done.   The entire edifice falls into dust.  I'm somehow thinking that the so-called Founding Fathers would be proud of this impasse.

Sun, 07/24/2011 - 13:16 | 1487538 oldmanagain
oldmanagain's picture

New format sucks.

Sun, 07/24/2011 - 13:19 | 1487545 jomama
Sun, 07/24/2011 - 13:31 | 1487599 traderjoe
traderjoe's picture

I'm going to give it a chance, but I tend to agree. Comments so much more disjointed and cluttered.

Sun, 07/24/2011 - 13:46 | 1487665 Böhm_Bawerk
Böhm_Bawerk's picture

Yup. Was better before.


Sun, 07/24/2011 - 13:59 | 1487720 High Plains Drifter
High Plains Drifter's picture

i don't like it either.  i liked it better before.......

Sun, 07/24/2011 - 14:06 | 1487746 Sunshine n Lollipops
Sunshine n Lollipops's picture

I like it. A lot. So there. ;o)


Sun, 07/24/2011 - 14:16 | 1487779 High Plains Drifter
High Plains Drifter's picture

it clutters up the screen. when the threads get long , i bet it is slower than the other system. 

Sun, 07/24/2011 - 14:16 | 1487778 Hansel
Hansel's picture

I don't understand the "total score".  Everyone gets a score of 1.  Is this the new #Winning?

Sun, 07/24/2011 - 14:38 | 1487853 High Plains Drifter
High Plains Drifter's picture

if it ever flips to  "2"  you have to go stand in the corner and count to ten..........


Sun, 07/24/2011 - 13:21 | 1487556 lolmao500
lolmao500's picture

Super congress, yes we can. And those doing the negociations... Reid, Boehner, Pelosi and McConell... the worst of the worst.... it could only be worse if you added Bernanke, Geithner and Obama.

'Super Congress': Debt Ceiling Negotiators Aim To Create New Legislative Body

Debt ceiling negotiators think they've hit on a solution to address the debt ceiling impasse and the public's unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.

This "Super Congress," composed of members of both chambers and both parties, isn't mentioned anywhere in the Constitution, but would be granted extraordinary new powers.

Sun, 07/24/2011 - 13:23 | 1487564 HungrySeagull
HungrySeagull's picture

So we are using the Media to erase everything a school kid has learned about the structure of our Government?

I won't accept it. What is there, is there. Especially the power for the States to Ratify Consitutional Changes as well as Checks and Balances.

Sun, 07/24/2011 - 13:21 | 1487558 blunderdog
blunderdog's picture

This Boner guy is so hokey he's even getting his spew challenged on Fox.

For fuck's sake.

Sun, 07/24/2011 - 13:24 | 1487572 HungrySeagull
HungrySeagull's picture

Fox has to pay people to pick a fight with anyone who shows up. Even if the Anchor agrees with or shares the same views, they are required to have an arguement or talk over someone every 10 minutes or so.

Sun, 07/24/2011 - 13:24 | 1487567 Franken_Stein
Franken_Stein's picture


He wants to cut spending so much ?


Then cut the CIA and the Pentagon budget in half !

And stop attacking other countries !

How about that ?


Sun, 07/24/2011 - 13:37 | 1487629 High Plains Drifter
High Plains Drifter's picture

anyone displaying nationalistic tendencies is immediately branded either a racist and or a isolationaist or both. minding our own business and leaving others alone is something that we as a country should have been doing all of our national lives, but we have not. why is that?  because with peace, certain yids cannot loan money to countries and indebt them to themselves and therefore control them while at the same time making money out of nothing called there is no money to be made with peace. doing to others as you would have others do to you, pays no interest.........

Sun, 07/24/2011 - 14:48 | 1487882 paint it red ca...
paint it red call it hell's picture

"anyone displaying nationalistic tendencies"


patriotic tendencies i would say.


i stood in class every morning for the pledge of allegiance with my hand over my heart because that is what we did back then. now, i guess that daily ritual stuck with me because i recognize the threats from within despite them being wrapped in political correctness to obscure the obvious Constitutional subversion we now face. there is a correlation between Constitutional threats and foreign influence be be those influences political, religious, financial or a combination of all. regardless of the flag, faction or religion these influential ideals spring from, our Constitutional integrity is not their objective.

Sun, 07/24/2011 - 15:00 | 1487914 High Plains Drifter
High Plains Drifter's picture

well most americans simply do not want to believe that they cannot trust in their government, no matter how bad it is. that is the rubicon that must be crossed by many. i cannot tell you when this event will take place. you turn on the boob tube now and what do they talk about ?   they show baseball, as it always has been, they talk about the end of the lockout in football, etc etc...............nobody believes in their hearts that this whole corrupt system will end. they think this old world will just keep on spinning.  i warn them. they laugh at me.......they call me day, when what i tell them happens, it will be no time of joy for me or anyone else and there will be no " i told you so" coming  to them from this writer. there simply will be no time for it........only attempting to stay above ground one more day, will be the order of the day.  and in those days, all of the teachings concerning diversity and multi culturalism and the lies that lie within such false teachings will come back to haunt all of us, as we once anf for all, realize the big lie and how much damage a lack of patriotism and citizenship on our parts, as it was in the days of our fathers and their fathers before them,  has done to us collectively as a nation and as a people. when the shekels are few and the food is scarce , the standing order will be to dance with those who brung it is in prison today, so it will be on the outside one day very soon.........unfortunately........and that is just one facit of what is coming..........

Sun, 07/24/2011 - 13:52 | 1487689 weyes1
weyes1's picture

Can't do that Frankie.

There's still more killin' to be done. Don't you know dat dem people hate us for our freedoms?  We got to kill 'em over der so dey don't come to kill us over here.

Sun, 07/24/2011 - 13:23 | 1487568 spear-x
spear-x's picture

Obama and Boehner talk in almost the exact same manner. It's uncanny. Same trainer?

Sun, 07/24/2011 - 14:08 | 1487751 slymon
slymon's picture

I was thinking that too, maybe he speaks with Obama too much these days.

Though I didn't think they would speak like that in private.

Sun, 07/24/2011 - 13:24 | 1487573 DeadFred
DeadFred's picture

He talks real purty, almost as good as Obama.

Sun, 07/24/2011 - 13:32 | 1487604 mynhair
mynhair's picture

Take it you've missed Oweblahma ramble without his precious Teleprompter.

Sun, 07/24/2011 - 14:43 | 1487870 RockyRacoon
RockyRacoon's picture

How does it feel to be totally immersed in the red/blue dichotomy?

Or is it simply a racial thing?

Yes, I've been reading your stuff for a long time now.

Sun, 07/24/2011 - 13:26 | 1487585 jkruffin
jkruffin's picture

On a real note, they need to let this thing default. They have to send the message to the Democrats and their spending. They have to send the message to Wall Street that we don't cater to them, and we don't care if they whine whine whine.  This crap has to stop today! If these Republicans fold, they will all be thrown out next election, there is no doubt about it.  They will have lied again....

Sun, 07/24/2011 - 13:48 | 1487660 jomama
jomama's picture

no chance.  that would really piss off the corporations who paid for their (s)election campaign.

Sun, 07/24/2011 - 13:32 | 1487603 Sunshine n Lollipops
Sunshine n Lollipops's picture

"It is time to get serious about stopping the spending here in Washington, DC."

Wow. Just . . . . . . . wow.

Sun, 07/24/2011 - 14:14 | 1487772 Threeggg
Threeggg's picture

How serious is it you ask ????????

H.R. 2560, The Cut, Cap, and Balance Act, is based on the framework first proposed by the Republican Study Committee in June 2011. The bill makes cuts $111 billion in FY 2012, places firm caps on future spending, and – contingent upon House and Senate passage of a Balanced Budget Amendment – grants President Obama’s request for a debt limit increase. The House of Representatives is expected to vote on H.R. 2560 on July 19, 2011.

Out of a 1.6 Trillion Dollar spending deficit ????????

Equals 6.9 %  of the deficit itself !

ROTFLMAO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Sun, 07/24/2011 - 14:21 | 1487796 JLee2027
JLee2027's picture

You need to read further - one page summary:

1.   Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.


Cut – Immediate spending cuts to reduce the deficit by half next year. According to March projections from the Congressional Budget Office, this would require spending cuts of approximately $380 billion in the 2012 fiscal year.

Sun, 07/24/2011 - 14:15 | 1487774 JLee2027
JLee2027's picture

Yeah, I think Boehner is for real.  I don't see a solution because the Dems are locked in to spending and/or large tax increases.

Sun, 07/24/2011 - 13:40 | 1487641 fuu
fuu's picture

Look at the marrionettes jiggle and twist.

Sun, 07/24/2011 - 13:51 | 1487684 foxmuldar
foxmuldar's picture

Don't forget, we have to pass this budget deal and raise the debt ceiling so we can see whats in it. haha. Sound familar. isn't that what obama is telling us once again? Where is the Senate and Obama's budget. No fucking budget in over 800 days. Reid said himself its not important to pass a budget. And he is head of the senate. Perhaps he gives head better then he leads.

Sun, 07/24/2011 - 13:59 | 1487714 RobotTrader
RobotTrader's picture

If there is no debt deal, the markets may go down 5% next week, but the SPX will still be up 95% since March 2009 and this selloff will hardly be a blip.

Sometimes I try to gamble and short some REIT stocks like VNO when it starts to correct but the correction only lasts a few days and before you can blink it races up to new highs.  And when you look back at the mini-correction on the chart you feel totally stupid for trying to short it because it was yet another buying opportunity.

This has been by far the worst market for bears and gloom and doomers ever.

Sun, 07/24/2011 - 14:21 | 1487785 Threeggg
Threeggg's picture


You post as if this is a free and open market with no intervention from a printing press or keystrokes.

WTF ! is your problem. ?

Oh, I get it now...... your posts are based on Greed and not on Truth!

Got it !

Sun, 07/24/2011 - 15:51 | 1488107 cosmictrainwreck
cosmictrainwreck's picture

nah, he simply basks in the unmerited glory of claiming to be so fukin' smart & market-savvy that he's watched the meth-driven "market" plunge ever higher, and has got his PhD in Internet Journalism by reporting it to us all ["you heard it here first...."]

Sun, 07/24/2011 - 16:02 | 1488154 darkstar7646
darkstar7646's picture

You've got two problems:

1) A possible no-confidence situation (starting in the FX markets right goddamned now -- as in 1 PM PDT, which just passed), meaning a complete market crash.

2) There's no money for the PPT to save this thing -- that was one of the last tricks they had to keep things going.

Sun, 07/24/2011 - 13:59 | 1487718 ping
ping's picture

Chrishh [burp], you know ish good to be here [hic]... Hey, where'd you go? Oh thash OK, Harvey, he'sh juss behind you. Oh chrisssakes, my guts... musta, musta been that bur [burp!] ger I had after the Merlot bottlesh. 

Sun, 07/24/2011 - 14:46 | 1487878 RockyRacoon
RockyRacoon's picture

You meant to say, "Another silver buying opportunity is on the horizon!"

Sun, 07/24/2011 - 14:02 | 1487724 Caviar Emptor
Caviar Emptor's picture

Two things: I maintain my predicition that there is absolutely no sincerity to those who claim they want to avoid a debt ceiling raise. They all profit from it in many ways and their jobs depend on it. But they must keep up appearences for the gullible masses and pretend to be outraged. And they want their own pork

As regards BTFD: we've recently passed an inflection where the wall of worry has turned in to a wall of optimism: where every buy-the-dip event is followed by economic disapointments and underperformance, as well as increasingly spooky news. 

Sun, 07/24/2011 - 14:02 | 1487729 Goatboy
Goatboy's picture

Why not posting some video which actually explains what they are really trying to do (or what is really happening) instead of this MSM crap of smoke and mirrors?

Sun, 07/24/2011 - 14:06 | 1487745 Reese Bobby
Reese Bobby's picture

I don't like the new comment format.  I don't like change.  I don't like Republicans or Democrats.  Sam I am...

Sun, 07/24/2011 - 14:11 | 1487762 Deacon Frost
Deacon Frost's picture

I agree Franken_Stein and all Progessive Libertarians on this Anti-War issue

Sun, 07/24/2011 - 14:13 | 1487769 billwilson
billwilson's picture

Jibber Jabber jibber jabber ... more hot air on the staion that could solve the US energy crisis on its own (if it could only channel what it produces ... hot air and bulls*it)

Sun, 07/24/2011 - 14:13 | 1487771 billwilson
billwilson's picture

Jibber Jabber jibber jabber ... more hot air on the station that could solve the US energy crisis on its own (if it could only channel what it produces ... hot air and bulls*it)

Sun, 07/24/2011 - 14:20 | 1487793 slymon
slymon's picture

I wish pols wouldn't do that annoying cartoonish quick-smile halfway through a sentence.

Sun, 07/24/2011 - 14:25 | 1487813 firefighter302
firefighter302's picture

Boehner agreed to 800 billion in additional revenue in the recent private discussions with the White House?  

Did he have support of the House Republicans for a large tax increase?  (Doesn't appear so to me.)

These "negotitions" have never been based in an actual solution to the huge mathmatical challanges of the debt and government largess.

How a political party and President based in never ending taxation, increasing dangerous debt, retardation of business and massive government is widely supported is beyond me.  And they are the "Power to the people" political party. (lol.)

Government is the problem. 


Sun, 07/24/2011 - 14:37 | 1487848 JLee2027
JLee2027's picture

That's all explained in the video. It's worth watching.

Sun, 07/24/2011 - 14:59 | 1487908 Hacksaw
Hacksaw's picture

Boner is such a bad actor, looks like they could put someone on TV that at least is somewhat believable.

Do NOT follow this link or you will be banned from the site!