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Is The CBO Merely Another Manipulated Front For Wall Street To Dictate Washington Policy?
In the past, when discussing the goalseeking C-grade excel jockeys at the Congressional Budget Office (or CBO), we have not been technically full of reverence. After all when one uses a phrase such as this one: "What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, "they are all completely worthless" you are absolutely correct", it may be too late to worry about burned bridges. We do have our reasons: as we pointed out last year, following the whole US downgrade fiasco when the Treasury highlighted the CBO's sterling work in presenting a US future so bright, Timmy "TurboTax" G had to wear shades, we said "according to the same CBO back in 2001, net US indebtedness in 2011 would be negative $2.436 trillion, the ratio of debt held by the public to GDP would be 4.8%, total budget surplus would be $889 billion, and GDP would be $16.9 trillion." As we know now they were off only by a modest $17.5 trillion on that debt forecast. Yet we never attributed to malice and bias and outright corruption, what simple stupidity and gross incompetence could easily explain. Until today that is, when following a WSJ article, we are left wondering just how deep does the CBO stench truly go and whether its employees are far more corrupt than merely stupid?
As a reminder, the CBO is "a nonpartisan arm of Congress—employs analysts and economists who are charged with trying to estimate the potential financial impact of proposed policies and legislation." So far so good - they also happen to be beyond worthless at their job, and if they were in the private sector they would be fired with extreme prejudice. Of course, they are government workers, so anything goes. Which is where the problem arises: because while as the WSJ says, the CBO should be impartial, it turns out it is anything but.
Republican staffers on three Senate committees are pressing a congressional office that scrutinizes federal budget issues and proposed legislation over how its assessments are compiled. The inquiries of the Congressional Budget Office, which haven't been made public, concern the CBO's analyses of some of Washington's most complex and controversial measures, including bills on financial regulation, health care, small-business lending and efforts to aid the housing market, said people familiar with the matter.
As part of the inquiries, some Republican committee staffers are examining whether CBO officials adequately monitored and disclosed the role of Wall Street banks, academic researchers with government ties and other outside advisers, the people said. They are pushing for greater transparency in the CBO's dealings with advisers, to shed light on the role of outside interests in shaping the office's views, the people said.
Realistically, it is true that the CBO can be the target of either party if and when its conclusions do not resonate with proposed policy.
The CBO regularly comes under fire from members of both political parties—particularly when their goals for proposed legislation are undermined by the agency's analysis. It is "an easy target" because of its role in shaping legislative debates, said John Wonderlich, policy director for the nonpartisan Sunlight Foundation, a nonprofit focused on government transparency. He said the CBO should be more open with the economic models it uses, and should produce documentation detailing its use of outside advisers. "That oversight is entirely appropriate," Mr. Wonderlich said.
... As is precisely the case now:
Republican Budget Committee staffers are questioning the CBO about disclosures of details related to projected costs of health-care legislation and broader economic policies, say people familiar with the matter. People close to the matter say the CBO in recent months has resisted efforts by Republican staffers to obtain documents and communications stemming from the office's views on a long-term care provision. Administration officials in mid-October declared the provision not viable, after previously supporting it.
"The Budget Committee has been engaged in routine conversations with the Congressional Budget Office over how best to estimate the fiscal impact of the President's health law," and hasn't been pursuing an inquiry into the CBO's "professional conduct," said a spokesman for the committee's Republican staff.
So far so good: incompetence, with a dose of politics, explains all of the above.
Yet what is not explained anywhere is the following revelation:
In another inquiry, investigators working for Sen. Charles Grassley, the top Republican on the Senate Judiciary Committee, are probing allegations made privately to the investigators by a former CBO economist that she was fired for producing work at odds with Wall Street research favored by her supervisors, according to people familiar with the matter and documents related to the inquiry.
The ex-employee, Lan T. Pham, alleges she was terminated after 2½ months for sharing pessimistic outlooks for the banking and housing sectors in 2010, according to correspondence and other documents related to the inquiry, reviewed by The Wall Street Journal, and her lawyer, Gary J. Aguirre. Ms. Pham, 40, alleges supervisors stifled opinions that contradicted economic fixes endorsed by some on Wall Street, including research from a Morgan Stanley economist who served as a CBO adviser. As part of the review, Sen. Grassley's staff is examining whether Wall Street firms or others exert influence that compromises the office's independence, say people familiar with the matter.
And here we were thinking that only John Paulson fired his analysts for being too bearish (true story). But that is not the issue: what is most troubling is if indeed the CBO is nothing but merely another front for Wall Street to work its propaganda magic on the administration. Because at the core of every policy are numbers, usually with dollar signs in front of them, numbers which have to make sense and have to be projected into the future, no matter how grossly laughable the resultant hockeystick. And it is only logical that the grossly incompetent CBO "analysts" will lick the boots of Wall Street's "strategists" only to get a glimpse of those complicated (if also utterly worthless models: remember that Goldman call for a new US renaissance by Jan Hatzius in December 2010, roundly mocked by Zero Hedge, and which even Goldman subsequently apologized for?) models which always paint a rosier picture, as is necessary in a ponzi scheme which, like a shark, must always be moving, every higher, or else the house of cards collapses. It also means that Wall Street's means of peddling influences are far more insidious than originally thought, and that they have penetrated the very number crunching machinery that while merely a front, is a critical component of every legislation.
Alas, none of the above is surprising: just like the SEC, where the dregs of the analytical and legal world end up, praying that one day the very people they prosecute will hire them (at a salary multiples higher than what they get paid currently), so the CBO workers will do all in their power to come up with some results which appear at least modestly objective yet are entirely driven by neither the Democrat nor Republican agenda, but that emanating from the financial region in New York.
And just to put a final nail in the objectivity of anything to have come out of the CBO in the past decade, and probably ever, here is another chart by John Lohman which shows that just like the BLS, which probably also one day will be discovered to get its financial "tips" from Wall Street, the CBO does nothing better than hope for the best, and prepare for the even better.
Finally anyone wishing to listen to the boss of this latest infiltrated by Wall Street political organization stammer, can do so tomorrow: "Mr. Elmendorf will testify at a Senate Budget Committee hearing Thursday on the budget and economic outlook." We are quite confident he will have only glowing things to say about the future.
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If the nice black ops men are holding your family you pretty much write the report you asked to write.
No need. There's plenty of "yes men" and traitors who would gladly suck dick to do it for 60k a year.
True words...
The Fedguv employs millions of 'em.
The states and cities and corps employ the rest.
Communism under the guise of Republicanism pretending to be a Deomancrazy. How could we expect any different?
And yes, one only needs to look as far as Cops and OWS to know which side of the fence .gov employees hope to be sitting when the fences are finally erected. ndn by the way, those electronic ankle collars? ..........
The fence will be two-fold too. In your mind and in the ether. The attention to detail is as stunning as the Asleepness of the masses.
What was that, give me Liberty or some other such tattered Slogan?
Congressional Backstop Orifice.
ori
/watershed-day-may-this-pour-through-a-million-pairs-of-eyes/
I can get alot more done than that for a 20 piece.
Amazing what these cocksuckers will do for 30 pieces of silver...traitors the whole lot of them.
I wish I could get paid to be so wrong so often.
"...we are left wondering just how deep does the CBO stench truly go and whether its employees are far more corrupt than merely stupid?"
They are in Washington, DC and they work in the Federal Government. They are corrupt, it's a given. Stupid? Not a given. You have to be clever to prevent getting caught.
Or rich enough or own a printing press. Bribes, excuse me, political contributions, are legal.
No shit? CBO and BLS numbers are wrong?
And they get their formulas from the very entities that profit from their analyses?
Whodathunk....
"whether its employees are far more corrupt than merely stupid?..."
it is a supreme fallacy to attribute to stupidity what is better explained by corruption....
we know that congress is the bought and paid for whore of wall street, so its operations are the result of bankster prejudice...
nothing significant happens by accident....believing so will have you waiting for a monkey to type war and peace from his recorded stream of consciousness....(my apologies to evolutionists)
The problem is those doing the corrupting are ideologically inclined to view their actions as not corrupt. So how do you deal with ideology?
And I thought weathermen had it good......
Ever see your local weatherperson out in public, off camera? These are not happy people. If we treated our politicians proportionally to how we treat someone for the getting the weather forecast wrong, there would be one of them stoned to death every other week.
Perhaps, you meant to capitalize the word ... in which case, you're right former Weatherman do enjoy the confidence of the current POTUS.
barliman
hmmm...i might like being a weatherperson...
they wouldn't show me on tv passed out in front of the fridge from the occupational side effects, would they?
oh, who cares! sign me up!
Hmmmmmmm
Nope, it's right here in the contract, "... no additonal public embarrassment allowed." The teleprompter reading anchors however are fair game. Dibs on the blonde bimbo with the IQ of 100 and daddy issues!
barliman
So you like them smarter than yourself.
Where is the best place online to buy gold/silver Eagles? And, are Eagles better than Maple Leafs?
2 years, 18 weeks and 29 pages of posts for this?
are you lost, or drunk, perhaps?
PMS?
Slewie,
The poor bastard's in shock. We need to find a blanket and a bottle of bourbon. We can wrap him in the blanket and drink the bourbon while we keep an eye on him.
barliman
if you think the bear is another negative interest rate stretcher case, i'll accept that rather than shit in his/her woods
thxz!
Who gives a shit what's wrong with the delirious bastard?!?
This is about the bourbon. It is the only known cure for negative interest rates.
Drink up!
barliman
I will gladly watch the bear and drink bourbon all morning long. We are planning on going throught the morning, right?
Yes, it's the least we can do under the circumstances. Anyone wanting to do more is on their own. The bourbon stays with us!
barliman
@sllewie--too funny
oh, wait!
maybe you just don't want people thinking about the CB0!
thxz4playing, asswipe!
The non condescending adult on the page answers seriously....it is Tulving if you can do 20 ounce minimum orders....see that did not hurt...
so, we're s'posed to think about buying PMs from tulewiggy instead of budget office?
is that what you non-condescending trolls are up to here?
I like the Godiva but others prefer the Dove Extra Dark. They can take their Extra Dark and shove it up their asses.
er, you did mean chocolate coins with the with gold foil, right? Shit...mumble......
Godiva and dove are both crap chocolate. Lindt 90 pct is the bomb
unnhhh... suppositories, kito?
psssst, slewie ...
The chocolate is just bait for the gerbil
barliman
thing is Timmy is so fucking dumb he swallows the fucking suppositories and wonders why they dont work!
I haven't spotted a serious reply yet.
If you're buying in quantity Tulving is pretty good, and they're open pretty much 24/7.
My personal opinion is that if you're in the US, eagles are better than maple leafs, and eagles are far more durable (different alloy, so they're not as soft as leafs, which are really soft and scratch easily.)
Gold eagles are easily the most liquid coin you can own in the US, which is why I tolerate the premium over spot (some of which you'll get back when you sell, which is never.)
Thank you for your reply
ya know what?
all 3 of you fuking Tulving trolls can beat it, asswipes!
what a bunch of fuking bulklshit from a 2 year 19 week, 29-page worthless motherfuking troll named "Bear" and his two little "innocent" troll friends
TULVING = PHONEY PHUCKING LOSERZ to pull this shit on zeroHedge, BiCheZ!
Thank you for your considered response. I have been buying and selling gold futures for ten years now, but I have never purchased any physical metal and I was interested in how best to do it. If this makes me a troll, then so be it. It would seem that you have something against Tulving (or maybe just the mention of a commercial venture) ... if you think there is another better source, I am certain open for your ideas also ... sans your fuking profanity
no, i just don't like trolls who come and pretend shit, asswipe!
what did you think about for the first two years and 18 weeks you were here? i've been here less than half the time and this very question has been asked and thoroughly answered at least 50 times, imo
didn't you notice?
if you're this fuking ridiculously styoooopid and fuking helpless to figure this out by yourself, at this point, you don't belong here, bear
try googling silver coin dealers for pete's sake, you fuking jack-off!!!
and, since you're just obviously (to me and probably a few hundred others at this point) pretending, to get TULVING'S FUKING ASSWPE NAME UP here, tonight, you can go fuk yourself twice, as far as i'm concerned!
Google! Damn I should have thought of that.
Maybe I could have entered "silver coin dealers real life experiences who is the best"
yeah, i know!
especially after only 120 weeks as a zeroHedge "member", you viscous little cunt!
Where did you come by such a vicious streak?
dealing with passive-aggrssive shitheads like you, probaqbly, now that i think of it, TULVING TROLL!!!!
i know! i hafta be the bad guy, 'cause you TULVIG guys wouldn't want to look like a bunch of ignorant asswip trolls in zeroHedge, would you?
might be bad for YOUR "silver" business, huh?
about one more trip, and you'll never get another order from about 2100 reads and a few score commenters
it's your business, you decide how deep ya wanna plow it under here, ok, shitforbrains?
or do ya wanna pretend i was just "crazy" with my very first comment to your little game here, way back up this very string, mrTulving
you viscous little TULVING CUNT!!!
Maybe you have some other of my posts that can lead credence to you rant? No you can't ... I walked into a buzsaw of venom with my simple question.
I have to agree Bear. Slewie, you have the fire! But perhaps we should remind ourselves on who or whom the intended target of your fire is. I haven't seen a website devoted to Congressional voting records. I could come up with others. I myself use my fire to finish a publishing utility. 500 Zero Hedges would be better than one no?
Yeah, I don't know if someone peed in his cornflakes this morning or what. Anyway, for the honest inquirers I usually cover:
Apmex.com - The biggest and best selection
Gainesvillecoins.com - 2d biggest, sometimes better prices
Providentmetals.com - lots of good deals
Tulving.com - best bulk deals for bigger buyers. E.G. 500 oz minimum. No CC, just wire
Neat new site someone sent me: comparesilverprices.com
Keep Stackin'
Silver For The People
http://brotherjohnf.com/
www.youtube.com/user/BrotherJohnF
I have been buying and selling gold futures for ten years now
Where is the best place online to buy gold/silver Eagles? And, are Eagles better than Maple Leafs?
Saavy enough to buy and sell gold futures for a decade but can't get your shit together on making an internet purchase, huh?
Seems like slewie was being nice to you buddy.
Good point.
I am really glad to see that you have been appointed as TrollGuard here at ZeroHedge for the last 1 year and 1 week ... I can sleep much better knowing that TD has such fine help.
just get the fuk away from here you fuking shitforbrained asswipe TULVING TROLL!!!!
you don't need to attack others, here, too
GET THE FUK OUTA HERE!!!
YOU ARE DONE FOR T0NIGHT, TULVING TROLL!!!
jeeeez! how fuking dumb do you think the readers are here? lQQk what you turds have left here as an "innocent" Q & A session!
solly, worong #!
now stop wasting people's time and disrespecting the site, ok? nobody appointed me anything friend
why? you got a problem with fight club, asswipe?
I am really glad to see that you have been appointed as TrollGuard here at ZeroHedge for the last 1 year and 1 week ... I can sleep much better knowing that TD has such fine help.
Believe you me, if some of us could choose slewie would be the TrollGuard. Back in the day Tyler once gave us an ombudsman whose credentials included an affinity for HL Mencken (sorry but I can't forget that).
Anyhow, she would have been a shitty choice. slewie would be a much better one.
Maybe one day you'll figure out how to buy gold online. Good luck, spacemonkey!
It'll be soon with all of the help from you and Pyrite
My 2 cents Bear - don't buy coins, buy bullion - mark up in coins is ridiculous. Silver is pretty cheap too, not like buying gold bullion.
2 cents for sure!
Someone is in the barn stomping around and making loud unicorn noises.
Get the skittle pail! She's gonna blow!
That's why I say nuking DC is the only solution. Fry that bitch like it's Sodom and Gomorrah. If anybody has a better idea (one that WILL work) please let us know.
this whole country is corrupt to its core ............(and i include myself in that as well)
You have to be in order to survive this shit. It's truly sad.
I prefer to be non-corrosive.
Just like my dry powder contained within the majority of my PMs.
CBO.............. Compromised Budget Office?
NO DWdollar. It is a choice. Live by the sword die by the sword. Problem with being a thief is that the next crook down the line will be more ruthless, it will be mere luck if the gains are kept at all. I know, I know some think they are so clever. More like blackmailable. See how ruthlessness works?
The corruption is obviously out of control. All we can do is exit the stage left and start working to help the teetering dysfunctional system collapse. Perhaps start our own movements. Many people I know think things are out of control. It is only a matter of time they start figuring out that organizing and fighting back is the only option. Our government is nothing but a criminal enterprise that hands out gimmicks to the poorest to keep the appearance that they have legitimate power. That means the middle gets pressed constantly out of existence until there is no middle left to support the whole. I think at 15% tax receipts we are very close to that moment.
too hard....waiting will do just as much...just wait with your savings in the proper asset class
The evangelicals and Marxists and 100 other groups have been saying as much for decades.
How about some solutions (preferably ones which, unlike the afforementioned, have a non-zero chance of improving anything)?
"congressional" and "budget" may be important clues, here, BiCheZ!
How many time over the years has a report on a product from the CBO started with these words:
"The latest report from the non-partisan CBO on ..."
which perhaps caused many people to confuse the term 'non-partisan' with the word 'objective'
Tsk, tsk, tsk ... the last place our enemies would ever wish to destroy would be Washington, D.C. - the operating base for most corrupt collection of politicians and bureaucrats imposing chaos and disharmony on a country since Emperor Caligula's reign.
barliman
Thanks! Perfect observation. There isn't partisan or non-partisan...there is only them and the rest. Period.
Nobody gives a rat's ass about spiraling deficits, faulty CBO data and all the rest.
Everyone is now clamoring for fixed income, virtually every muni-bond and Treasury ETF is getting ready to go parabolic if stocks take another dump this month.
if i had a rack like that, i'd act like the cock0'the walk, too!
Stocks can't take a dump. The fix is in. LTRO, QE-XX, ZIRP-4Ever, Free REFIs, Alien invasions, moon bases, Romney, Greek backstop, ESM, EFSF, EMU, ECB, yadayadayada....
This big steaming pile of crap we call the market is a jerry-rigged monstrosity that is essentially untradable. When will this dump occur? It can't. TPTB will not allow it. They will just change the rules and print to infinity.
Who are you and what have you done with RoboTrader?
barliman
P.S. The somewhat bearish outlook gave you away. The real RoboTrader can only see the up side for equities.
Remember to exhale more often. Inhaling excessive amounts of THC will give you a sense of invincibility, megalomania, and in your case damaged DNA as evidenced by your mom.
Exactly.
The same as nobody gave a rat's ass about subprime in 2005, faulty credit data and all the rest.
Everyone was clamoring for more houses, and more credit, virtually ever bank went parabolic.
Remember how that turned out?
I sense a best selling book coming
"Confessions of an Economic Retard."
When it comes to economics, there's only one person I trust.
His name is Tyler Golden-balls, and he owns this site.
Your mother's smelly asshole.
No one else has given me the info I need.
Thank you Mr. Golden-balls.
Over and out.
You were more enjoyable when you came on as paarsons, posting in the A.M., giving us the same couplets with cursing and F Lloyd B pimping.
Or was that the Gerald Celente proboards guy? I forget.
Either way, you need to give us more snowbaall. Open your soul to us.
Perhaps if all of these forecasts included a special computer simulation modeling variable to account for filthy, filthy corruption, their forecasts would turn out better.
Call it GoldmanEvilX.
this longtime incestuous orgy has produced grotesque creatures
Yes, it's true, the Rotheschildes are ugly.
ha ha, good one!
John Paulson is a duche, and if you asked me to name someone I'd like to fight, I would say Jan Hatzius. I know, he is a nerd....don't worry, I'd guard my lions and give him the first shot.
With all due respect, MLH the word is douche and might I suggest 'girding your loins' and 'never giving a sucker an even break' would be a better approach to Mr. Hatzius?
barliman
I fight better after a punch. And if I have Hatzuis pegged right, I might need two.
Ok, but wear latex gloves and a surgical mask. We have no way of knowing where his mouth has been.
First of all the CBO is infiltrated with socialist just like every other arm of the government. They will make any program fit the agenda as required. Everyone in the insurance business knows that the long term care piece alone is enough to bankrupt the country - forget about the health care component of the bill. I digress the country is already bankrupt.
Socialists, fascists, communists, it's all the same. The markets are centrally planned, economics is and has beeen created to make sure to keep the minds of men controlled. Finance has only so many ways to invest.
This is the life. This is how we all live. This is the box.
Some would say this is Pandora. Some would say they found the alchemist's stone. These people are clueless idiots. These people are lunatics.
They have an agenda. A plan that has been long in the making. Not hundreds of years, but thousands. How you ask?
They have failed many times, but they kept coming. Their agenda is the opposite of happiness. It is out of fear. Fear of losing their power.
So they try and put their guilt on us. They try to use the fear and turn it around. Yet we have been optimistic; we understand why we are here. So we stay where we are, becuase we understand. It is in our nature.
Many moons ago, this war started. IIt is once again at a turning point. We have the numbers and the power, and we will choose how the turn comes. So here we are. What will you chose?
I think at least 1mln people are working on all those stupid modelling, predictions, estimates, projections and so on. They are never right but who cares - we have some entertainment for the money spend on them.
If they fire them statistics will get worse and we don't want that. We want all those graphs in color, with inflection points, or double inflection points, head and shoulders, golden crosses and what ever to keep us going and them to spend hard earned money to keep economy going.
Den of Thieves. How can anyone be off by that much and still have a job? Who do they think they are Abby Joseph Cohen
clickHERE4answeIfUdare
Who the hell is that? Marilyn Manson's estrogen pill-popping uncle?
Excellent!
Seriously, if that raised your eyebrows (or your stomach) - head for the life boat now. Ahhh, the 60's, the 70's and the 80's - those were some SERIOUSLY fncked up times.
Blacks being fire hosed down and police dogs turned loose on them, Cuban Missile crisis, JFK killed, NAM with live war & executions in your living room, MLK killed, RFK killed, Watts, Woodstock, the 1968 Democratic Convention POLICE riot, Kent State, Watergate, oil crises and fuel shortages, sex, drugs, rock'n'roll, disco, punk, Reagan joking "I've just launched the missiles', Iran Contra baby, Communism collapsing, the Berlin Wall comes down.
If you didn't live through those times, turn in your "Silver, bitchez!" card. You have not earned it.
barliman
L0L!!!
actually, that was just one pirate's version of how the CB0 peeps can still have a job and who they might think they are!
not abt silver or politics or generation gaps
just replying to everybody's friend, the_trend...
A little too early for me...But I had a killer Hong Kong Fui lunch box and a Big Wheel!
You get partial credit for the lunch box and full credit for having the Least Safe Vehicle for a child - A Big Wheel. That will get you credit for the 70's or the 80's. Which decade would you prefer?
Of course they are more corrupt than stupid. I thought ZH knew better than this. Everything is a front for the banks. They own the medias. They own the politicians. They own the PR firms. They own the NGOs. They own the generals. They own the unions. They write the textbooks. They own EVERYTHING.
debt
is the new black....
HaHa!!
Enjoy the ride...It's even more fascinating to watch the show then to trade it...
Count me in the camp that says they're both stupid and corrupt. Anything a liberal Democratic incumbent wants he/she gets: "don't worry, let me handle the numbers - just tell me the result you want." WTF.
http://vegasxau.blogspot.com
I'm getting antsy waiting to blame Romney for all this shit. Obama bashing is no fun any more.
You really think they'll put Romney in?
Let's see ... nobody is buying the Hope'n'Change shit anymore.
Would they try ramrodding a former CEO worth 200 million+ USD up are collective asses?
Just bend over the table and take long, slow, deep breaths (it won't help but it's not like they care anyway)
barliman
MY MAIN MAN...If the "incompetents" and "CRIMINALS" aren't pulling up your blog, to find out what's in store for them, THEY WILL!!...
KEEP IT TOO HOT
http://capital3x.com/think-tank/markets-still-hoping-key-reversal-pairs/
Charts
props2009:
Spam
If they were good at statistics they would be able to demonstrate if there exists any correlation between their predictions and the outcomes.
I heard they no longer teach correlation in statistics classes so perhaps this is why the CBO is struggling.
http://www.youtube.com/watch?v=I7jLO_twXbM&feature=related
...sheeeit. If you ever spent time in D.C. working among the government goosh for brains, well, you get use to hearing them talk about their new ''below inflation'' salary adjustment(s) as a pay ''increase''. LMAO. I mentioned the new 2012 salary adjustment to a Federal Park Police Officer at OCDC, he was aware of the new salary adjustment and said ''at least it was something''. Lol, and to think, the boy gets to sleep more than two hours at a time in his whore house he calls home, unlike the OCDC tent dwellers now that they have that new 2 hour sleep rule. What a joke. http://www.youtube.com/watch?v=ZpodqAISQvQ
Excellent post. The Wall Street/Washington axis of cooperative enrichment has unfettered control of all organs of the government of the United States. This is simply further proof, and let's not delude ourselves any longer: these people are not stupid and they are not incomptent. Those adjectives more correctly apply to those who feign not seeing the horrible reality in front of them. They are being robbed blind in broad daylight and are not able to even comprehend that fact. The lies emanatiing from all branches of government and media are the raw material of a false reality, an unrea,l totally manufactured world inside our heads, rendering us impotent to protect ourselves. Try to free yourself, if you can.
"yet are entirely driven by neither the Democrat nor Republican agenda, but that emanating from the financial region in New York."
Strange, I thought the Democrat/Republican agendas were dictated by the financial region in New York
http://www.physorg.com/news/2012-01-believing-impossible-conspiracy-theo...
"To see if conspiracy views were strong enough to lead to inconsistencies, the researchers asked 137 college students about the death of Princess Diana. The more people thought there "was an official campaign by the intelligence service to assassinate Diana," the more they also believed that "Diana faked her own death to retreat into isolation." Of course, Diana cannot be simultaneously dead and alive."
I'm not saying your wrong in believing what you read in a Murdock paper :) but try to have some consistency.
---------------------------------------- COINCIDENCE: You weren't paying attention to the other half of what was going on.
LEADERSHIP: A form of self-preservation exhibited by people with autodestructive imaginations in order to ensure that when it comes to the crunch it'll be someone else's bones which go crack and not their own.
The Hipcrime Vocab by Chad C. Mulligan
US has not produced a genuine budget since at least 1955.
Everything from 1965 forwards was a total piss-take.
It got far more obvious since FY2007-2008, but it's always been a case of, "the 'budget' you are having when you aren't having a budget".
The CBO's reports are an inescapable reflection of this charade.
The entire budget (and now accounting) process is corrupt and crooked, it's not just a sham CBO.
The entire US Budget is "Mark to Make-Believe" accounting.
"I'm SHOCKED, shocked to find gambling going on in here." Casablanca
excellent read
"When you hear hoofbeats behind you, don't expect to see a zebra"
When you see incompetence and politics, expect to find a squid (of which there are more than 300 species).
come on, The Great and Holy Vampire Squid (that does God's work) is not incompetent.
A bit shortsighted, perhaps, but not incompetent in extracting blood.
Precisely.
Is the CBO merely manipulated by Wall St, for Wall St? Do bears shit in the woods?
Again, simple. Either you trust a Morgan Stanley economist's projections, or an Asian woman's.
Wall St TBTFs are experts at fail (they can't even get rigging the system right).
The Asians are experts at math.
You figure it out.
We're in everybody does it land. Why MF G's 1.2 billion is missing. Why most of it went to Democrat campaign chests. Why we need sudden and relentless reform.
It would be more newsworthy to find an organization where the employees don't tell their bosses what they want to hear. No doubt Gov't is grossly incompetant at executing anything. The AC/Enron auditing mess made headlines but the CBO/Incumbant story seldom does. Thanks Tyler. Plus, those graphs on CBO estimates-vs-actuals are outstanding. Would love to see a longer term correlation of accuracy to party-in-charge. I have my hunch.
TIMbuk 3!!
pun intended.....the future is so bright...gotta wear shades, especially when you dont declare your income....
The People are one of two MLB companies, and the only one in the Nationwide Group, that has never performed in a Community Sequence (the Washington Ocean adventurers are the other). http://www.bbtix.com/washington-nationals-tickets.php