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Follow The Congressional Debate On The Boehner Plan Live

Tyler Durden's picture




 

Those interested in the apex of today's Congressional charade can follow the House debate on the Boehner plan live at the following link. It appears that the House does have enough votes to not only take up the debt-limit plan but to successfully pass it (has to be over 218). As a reminder the actual vote is expected to take place at around 5:45pm.

 

Watch live streaming video from cspan at livestream.com

Summarizing from the Hill:

 

The House will hold a critical vote on the Republican Budget Control Act, Speaker John Boehner's plan for raising the debt ceiling and deficit reduction.

Members met at noon for legislative work, and are expected to start with the rule for the budget bill, S. 627. After an hour of debate on the rule, two hours of debate start on the bill itself, controlled by the Rules, Ways and Means and Budget committees.

A final vote on the Budget Control Act is expected sometime around 6 p.m. (notably, after the markets are closed). Just before the vote, Democrats are expected to offer a motion to recommit the bill.

According to an informal whip list kept by The Hill, 22 Republicans are either no votes or leaning against voting for Boehner’s measure. At least another 44 Republicans are publicly undecided, or their positions are unclear, according to The Hill's list. 

Boehner only needs 216 instead of the usual 218 votes to pass his debt-ceiling plan when it comes up for a vote Thursday evening.

Normally 218 votes constitute a majority of the 435 members of the House.

Boehner can afford to lose two more votes in part because Rep. Maurice Hinchey (D-N.Y.) will not make it back for the vote because he is recovering from colon cancer surgery.

 

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Thu, 07/28/2011 - 14:06 | 1501704 MobBarley
MobBarley's picture

It failed. I can't beleive it failed!

How could it fail!

 

Thu, 07/28/2011 - 14:23 | 1501749 Dr. Richard Head
Dr. Richard Head's picture

The elite have not donated enough to the various PAC's of the House leadership on both sides of the aisle.  Nothing brings in the DOHllars like the threat of representing the people. 

Thu, 07/28/2011 - 16:59 | 1502266 wang (not verified)
wang's picture

link to free standing live feed of proceedings (frameless)

 

http://cdn.livestream.com/grid/LSPlayer.swf?channel=cspan&clip=&time=&co...

Thu, 07/28/2011 - 17:59 | 1502449 Libertarians fo...
Libertarians for Prosperity's picture

Anyone watch the speech yesterday where John McCain called Tea Partiers "hobbits...who will return to the center of the Earth" once the GOP blocks the debt ceiling from being raised?

LOL 

I bet all the Republicans-turned-Tea Party-goons who voted for McBush in 2008 are scratching their heads today.  It seems like such a slap in the face to Palin, Bachmann and the entire right-wing brigade of goons, carnival barkers and rednecks who supported him in 08. 

Strange how the debt ceiling was raised 74 times since the early 1960's and seven times during the Bush administration, yet hardly a word was ever said. Bush even mailed everyone a check for $300 6 months before the 2008 elections, and all those Tea Party hobbits ran straight to the bank.

This crisis is a perfect display of partisan politics.  Now with Obama in office and we're confronted with the worst economy since the Great Depression, right wing bobble-heads are suddenly calling for austerity. Great timing, eh?  Wall Street got their TARP, TALF, ZIRP, QE1, QE2, etc. etc. etc., and now it's time for the American laborer to "suck it up," as Munger would say. It's so obvious the right-wing is doing everything they can to ensure Obama can't turn the economy around.  Imagine the rage of the white supremists if the black president saved the country from the destruction of the Texas cowboy before him.

LOL   

 

Thu, 07/28/2011 - 18:05 | 1502481 whstlblwr
whstlblwr's picture

No, I voted McCain, and call self Tea Party. Not scratching head, everyone have own point of view, so what?

But crisis is not about partisan politics. It about dollar and inflation. Only reason stock market go up is from spending and kill dollar. Support Tea Party because realize only way for nation be strong is stop spending. Wall Street should not have got TARP, TALF, etc. and Tea Party oppose it. It how Tea Party started, idiot. Tea Party say NO to TARP.

Disgusting avatar BTW. Fuckhead.

Thu, 07/28/2011 - 18:19 | 1502524 Libertarians fo...
Libertarians for Prosperity's picture

 

 

 

Me Tarzan. U Jane. Go Tea Party.

 

Thu, 07/28/2011 - 21:37 | 1502942 nmewn
nmewn's picture

You really need to rip the bandaid off you upper lip and eat your peas...or sumpin.

Boner is gonna keep it up all night for Reid ;-)

Thu, 07/28/2011 - 19:56 | 1502759 darkstar7646
darkstar7646's picture

Then the only reason the nation can be strong must be an immediate culling of the herd, in your eyes, of between 60-120 million people. (And 60M is not an arbitrary minimum -- it's the government figure for the number of people on Social Security. Pretty much 1-for-1, all of us would have to go.)

Thu, 07/28/2011 - 21:13 | 1502952 whstlblwr
whstlblwr's picture

OK, see who you are, "culling herd." You and smiley nazi do Frank Lutz class for words to use against Tea Party.

Your facts wrong, can prioritize cuts. Plus what your idea? Keep spending with money not have? So finally we all be paying $100 gallon gas, and $50 gallon milk?

Thu, 07/28/2011 - 22:04 | 1503025 darkstar7646
darkstar7646's picture

Yes, keep spending money you don't have -- unless you wish to openly cull the herd of those you consider unproductive.

You don't get it: This has been the conservative mantra for the last 75 years or so since FDR created the New Deal. Many conservatives have believed that this, AND ONLY THIS, has allowed the population to rise as it has since the Great Depression.

But there's another factor you don't take in to account: The number of people who won't roll over and die, but will try to shoot the productive first. Civil War is then the only option in that regard, and I believe it's already begun in cities like Chicago.

The fact is: I'm probably one of the first people like you would need to see dead!

Thu, 07/28/2011 - 22:10 | 1503035 whstlblwr
whstlblwr's picture

No, if keep spending money not have, gas go to $100, then maybe violence. But I see struggling neighbor in need who help each other out, no violence. We become charitable nation, not like what you want. You want culling, I can tell you evil bastard.

Thu, 07/28/2011 - 19:26 | 1502697 Lednbrass
Lednbrass's picture

How cute, a little beta male baboon shrieking and flinging feces.

While I agree with your right to be a stupid, brain dead idiot you really do abuse the privilege and are truly one dumb sonofabitch.

Were the Vietnam protests also not legitimate because they didnt start until well into LBJ's term? According to your retardo-logic, the fact that it didnt start under Kennedy should render it all meaningless,yes?

 

Thu, 07/28/2011 - 21:03 | 1502921 headless blogger
headless blogger's picture

But where are the protests?

There aren't any. Not only did the left, right, and center fail the people and hand over the nation to a small group of bankers (and military industrialists), the people themselves have done nothing, except fill their brains with foxcnnbcbsAbc news and glenn beck types.

It's too late now. The political class allowed trillions of dollars to be shifted over to the bankers, the wars have spread...and, hey, we have had 10 years to do our research on all this bull shit, so it really is tough shit now for the masses.

The country is in shambles and we are just coasting now on printed money and credit, soon to stop.The people of the U.S. for the most part are as immoral and corrupt as the government they fully support. If they did not support it they would be speaking out. Very few speak out. Most the ones out where I am think it will all be better once they get "their guy" in office. Its a joke on them.

 

 

 

 

Thu, 07/28/2011 - 21:17 | 1502958 konputa
konputa's picture

What makes you think the MSM would cover any protests that can't be easily pigeon holed into a typical left versus right team sports model?

Thu, 07/28/2011 - 23:26 | 1503186 headless blogger
headless blogger's picture

Protests would be covered all over the internet. They are not. Because there are none or very few.

Fri, 07/29/2011 - 02:31 | 1503584 konputa
konputa's picture

Let's test that theory, shall we? I'll burn something if you do.

By the way, I don't mean to suggest things are going on and not receiving coverage. I am simply suggesting a MSM media blackout is a distinct possibility. On the other hand it's an amusing thought that an event cannot occur in a vacuum because the internetz would run with the story on mytwitface if more than 2 people were witness.

Fri, 07/29/2011 - 22:24 | 1507121 robobbob
robobbob's picture

pound sand smiley fascist boy. hitler and the nazis were socialists

Strange how a grown up can't comprehend there's a difference between a few billion in debt, and multiple trillion that's passing 100% GDP, or that when 50% of your spending is coming from borrowed money, you're in trouble.

Keynsianism has crippled the US and debt is about to set the world on fire, while you and your leftards are smearing the only adults who are daring to step up and demand accountability. And your plan is what exactly? borrow our way out of debt? print our way? stick your head in the sand and keeping spending like nothings wrong?

TARP, QE1 and 2 happened under DEMOCRAT controlled CONgresses and continue to be pushed by OBAMA appointed officials. So apparently you also haven't figured out a central theme on ZH is that the GOP and DNC are nothing but tools of the TPTB who want nothing but to maintain control through debt slavery. Go ahead and keep mouthing that left/right garbage sheeple.

Thu, 07/28/2011 - 18:26 | 1502553 Weisbrot
Weisbrot's picture

 

the elite never have to wory about economic collapse

they can only benefit from it

the elite class' political party is the Democrats because Democrats can be easily bought and manipulated

the Republican party is also a party of the elite class with just a slightly different point of view

 

 

 

 

Thu, 07/28/2011 - 19:14 | 1502665 narapoiddyslexia
narapoiddyslexia's picture

Coorect. And neither party wants to solve problems, and that's because no one speaks for the American people.

This from BusinessWeek, yesterday - http://www.businessweek.com/magazine/why-the-debt-crisis-is-even-worse-t...

"Even the $4 trillion “grand bargain” on debt reduction hammered out by President Barack Obama and House Speaker John Boehner (R-Ohio)—a deal that collapsed nearly as quickly as it came together—would not have gotten the U.S. where it needs to be. A June analysis by the Congressional Budget Office concluded that keeping the U.S.’s ratio of debt to gross domestic product at current levels until the year 2085 (to avoid scaring off investors) would require spending cuts, tax hikes, or a combination of both equal to 8.3 percent of GDP each year for the next 75 years, vs. the most likely (i.e. “alternative”) scenario. That translates to $15 trillion over the next decade—or more than three times what Obama and Boehner were considering."

Can we, the people, hire a lobbyist?

 

Thu, 07/28/2011 - 14:27 | 1501764 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think they are doing amendments right now.  I think the debate begins shortly.

Thu, 07/28/2011 - 14:47 | 1501823 TruthInSunshine
TruthInSunshine's picture

Santa Clause won't come this year because of those who won't raise the now staggering debt limit, again.

 

Okay, I paraphrased, but it's close enough, bitchez:

 

From the rag that is The New York Times:

Latest Updates

1:31 PM ET

The White House suggested Speaker John A. Boehner’s bill would ruin the 2011 holiday season.

Thu, 07/28/2011 - 16:03 | 1502043 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

There will be a default, but, it really does not matter.  Either way, the US government is broke.

I do think if there is a default it will give the BRICs cover to dump the dollar.

Thu, 07/28/2011 - 20:00 | 1502768 darkstar7646
darkstar7646's picture

I view the situation as that a "soft default" occurs on Tuesday night, as the bills can no longer universally be paid. And I do believe that will happen, as I now believe we are past the deadline to make a meaningful deal which both houses shall approve and I think the pissy bitch in the White House will send this country over the side either immediately on the 3rd (by denying the checks for Social Security), shortly thereafter, or perhaps even before.

At that point, once the country hits the point where there's additional expense to keep social order in the States when there's no Federal money left, that's when the soft default becomes a very hard one and the whole mess goes ka-boom.

I'm beginning to have a very real feeling that it all ends, for intent and purpose, next Tuesday night.

Thu, 07/28/2011 - 20:25 | 1502828 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

At least we all get to see the politicians look as dumb as ever while the levy breaks.  Don't any of them have a clue?  Oh yeah, Ron Paul.

Thu, 07/28/2011 - 21:17 | 1502956 nmewn
nmewn's picture

The wonderful thing that has come out of all of this for the majority of the population (not here at the Hedge of course) is that everyone now knows there are no lock boxes...no trust funds...just smoke & mirrors.

Its quite refreshing ;-)

Thu, 07/28/2011 - 22:07 | 1503032 darkstar7646
darkstar7646's picture

And, at that point, you know what happens:

Social Security dies in fairly short matter, and all Hell breaks loose.

Thu, 07/28/2011 - 23:20 | 1503167 StychoKiller
StychoKiller's picture

Yo, you supply the wood, and I'll be happy to build you a lock box:

http://www.frontiernet.net/~jimbot/trainbox.htm

Thu, 07/28/2011 - 22:06 | 1503027 darkstar7646
darkstar7646's picture

But the levee break (or was that an intentional misspelling?) ends the process full-stop if Obama throws a hissy-fit and decides to pull the plug on upwards of 60,000,000 Americans!

Thu, 07/28/2011 - 23:18 | 1503163 DormRoom
DormRoom's picture

don't worry. Obama can always use the 14th Amendment. Of course it would set a very dangerous precedent, and override checks and balances in the US constitution. But he may have no other choice. And the next Republican president could use it to override Congress, if they choose to not to fund his/her next war. The death throes of Roman Empire began when Caesar [] let the Army into Rome. This debt ceiling impasse is the beginning of the end of the American Empire.

Thu, 07/28/2011 - 14:09 | 1501709 baby_BLYTHE
baby_BLYTHE's picture

Ron Paul was one of the few Republicans that correctly voted NO on this failure of a legislation.

Paul fans should check this out. Incredibly well made video:

http://www.youtube.com/watch?v=lhyaiOZhpSg

Thu, 07/28/2011 - 23:22 | 1503173 StychoKiller
StychoKiller's picture

Perhaps you've read:

"The Creature From Jekyll Island, a Second Look at the Federal System",
5th Ed., G. Edward Griffin, ISBN:  978-0-912986-45-6, Chapters 25 & 26??

Thu, 07/28/2011 - 14:09 | 1501713 4realmoney
4realmoney's picture

Watch how the silver prices respond as this thing fails.

http://www.goldshark.com/products/silver-coins/silver-coins-rounds/silve...

Thu, 07/28/2011 - 18:06 | 1502493 malikai
malikai's picture

I don't know about the silver world, but it seems the Casey Anthony mask market is anticipating a debt deal.

$999,900 winning bid.

http://cgi.ebay.com/CASEY-ANTHONY-LATEX-RUBBER-MASK-EXT-RARE-/260823841484?pt=LH_DefaultDomain_0&hash=item3cba4ffacc#ht_500wt_1363

Thu, 07/28/2011 - 14:13 | 1501725 slewie the pi-rat
slewie the pi-rat's picture

Fast Track

blistering 127 speed rating

Thu, 07/28/2011 - 14:13 | 1501727 Debtless
Debtless's picture

See above - these clowns cannot pass a $30M reduction of diesel emission reduction grants. 

Black Friday a'coming.

Thu, 07/28/2011 - 14:20 | 1501740 TwelfthVulture
TwelfthVulture's picture

I'll see your $1 spending cut and raise your diesel emission grant by $5M.

Splendid!

Thu, 07/28/2011 - 14:26 | 1501760 Hard1
Hard1's picture

Now they cannot pass a 5 Million grant!!  They cannot pass any reduction!!! unfuckinbelievable

Thu, 07/28/2011 - 14:50 | 1501836 Debtless
Debtless's picture

Why bother with a congress that cannot say NO to any spending reduction at all.

Why not just have the Bernanke sitting on top of a giant marble photocopier handing out sugar to all who need it?

 

And come to think of it, why are we paying taxes for anyfuckingthing.

Thu, 07/28/2011 - 20:05 | 1502776 darkstar7646
darkstar7646's picture

It won't matter soon. They might attempt to solve this after August 2nd, but, once the benefits meaningfully stop, it's all over.

Thu, 07/28/2011 - 21:27 | 1502971 nmewn
nmewn's picture

"And come to think of it, why are we paying taxes for anyfuckingthing."

It keeps us off their golf courses by keeping us poor(er). Its the only thing I can think of in a print-o-matic economy.

Thu, 07/28/2011 - 14:18 | 1501733 LauraB
LauraB's picture

Here is the latest on the "No" votes: Conservative groups making final push to defeat Boehner plan: http://politicalticker.blogs.cnn.com/2011/07/28/conservative-groups-maki...

Here are the 18 firm "No" votes:Representatives Todd Akin of Missouri, Michele Bachmann of Minnesota, Paul Broun of Georgia, Jason Chaffetz of Utah, Jeff Duncan of South Carolina, Jeff Flake of Arizona, Chuck Fleischmann of Tennessee, Phil Gingrey of Georgia, Louie Gohmert of Texas, Tom Graves of Georgia, Tim Huelskamp of Kansas, Jim Jordan of Ohio, Connie Mack of Florida, Mick Mulvaney of South Carolina; Ron Paul of Texas, Dennis Ross of Florida, Steve Southerland of Florida and Joe Walsh of Illinois.

Here is who to call to pressure for a "No" vote: Representatives Allen West of Florida, Marsha Blackburn of Tennessee, Bill Johnson of Ohio, Blake Farenthold of Texas, Doug Lamborn of Colorado, Mike Pence of Indiana, Austin Scott of Georgia, Bill Flores of Texas, Jack Kingston of Georgia, Scott Garrett of New Jersey, Joe Barton of Texas, and Kevin Brady of Texas

Thu, 07/28/2011 - 15:02 | 1501796 HL Shancken
HL Shancken's picture

Don't forget to call freshman Republican congressman Bob Dold of the 10th district in Illinois.

 

Born with a silver spoon in his mouth, the only job he's had outside of the political arena is as an employee of his father's pest control business, Rose Pest Control. His district (which he doesn't reside in; for some reason he prefers the Obama enclave of Evanston, home to rich white do-gooders and ghetto blacks alike, although he did grow up there. It is also the home of the Marxist indoctrination center known as Northwestern University.) includes some of the toniest neighborhoods of the Chicago area, including Highland Park.

 

His phone numbers are:

 

(847)272-0404...Illinois Congressional office

(202)225-4835...Washington, DC office

 

I called today and my parting words were that he's a fucking idiot. He has no idea which way the wind blows, and thanks to his vote today, he'll be back to spraying cockroaches in a little more than a year.

 

Please do take the time to call. I want him to know that he's going to be replaced, particularly in light of the fact that he seems to feel a sense of entitlement to elected office.

 

 

Thu, 07/28/2011 - 15:43 | 1501984 KenShabby
KenShabby's picture

"includes some of the toniest neighborhoods of the Chicago area, including Highland Park." ?

What the fuck are you talking about? Highlnd Park is a good hour away from Chicago.

Thu, 07/28/2011 - 15:55 | 1502019 HL Shancken
HL Shancken's picture

Are you really so stupid? Highland Park is exactly 26.8 miles from downtown Chicago.

Thu, 07/28/2011 - 17:34 | 1502374 malikai
malikai's picture

That's about an hour in Chicago traffic.

Thu, 07/28/2011 - 17:47 | 1502415 KenShabby
KenShabby's picture

How does that make it "a neighborhood" near Chicago? It's a city. And yes, it takes an hour in Chicago traffic. i drive it every day.

Thu, 07/28/2011 - 19:05 | 1502650 HL Shancken
HL Shancken's picture

Wouldn't you be better off finding work in the greater Highland Park area? The Highland Park metroplex must surely offer a great many opportunities for work, no? Oh, and if I wanted to fly into the Highland Park megalopolis on a 737 from LA, what airport would I use? Highland Park O'Hare, or Highland Park Executive? I think it would be too far to have to travel overland if I were to fly into Garfield Ridge Midway Airport. Surely Highland Park O'Hare is the way to go, don't you think? And on a trivial note, since the mega city of Highland Park is only ten miles or so as the crow flies  from the border of the city of Chicago, why don't they call them the Twin Cities or something similar? And while I'm thinking about it, what are Highland Park's suburbs? Is Milwaukee a suburb of Highland Park? I only ask because it's so confusing to me, having thought for so long that Highland Park was actually a suburb of Chicago. I had no idea how wrong I was, living here in the greater Skokie area for so long as I have. I have a lot of things to rethink, apparently. Thanks in advance for your time, Kenny.

Thu, 07/28/2011 - 17:53 | 1502439 KenShabby
KenShabby's picture

Second, I will give you $20 for every black person you see in Highland Park, Ilinois on any given day. Ethiopean Jews aint rich enough.

Thu, 07/28/2011 - 19:35 | 1502718 trav7777
trav7777's picture

that isn't enough compensation to live around them.  He'd lose at least that in property value alone

Thu, 07/28/2011 - 22:15 | 1503051 Libertarians fo...
Libertarians for Prosperity's picture

Greetings Grand Wizard Breivik!  

Parking a 6 year old Volkswagen Phaeton in your drive way doesn't do much for home values either. That car was so bad Volkswagen only shipped them to the US for 2 years, and was consistently ranked as one of the worst engines Volkswagen ever created. Can't even imagine what your interest in Volkswagens would be....

http://www.hitler.org/artifacts/volkswagen/

<clicking heels>

 

Thu, 07/28/2011 - 14:21 | 1501743 Dr. Richard Head
Dr. Richard Head's picture

This evening on politic theater the House of "Bankster" Representatives draws an imaginary line in the sand on the debt ceiling increase.  Watch as the CONgress scrambles to posture this way and that, only to have an agreement reached the eve of August 1. It will be a grand display of blustering, name-calling, finger pointing, and large donations by Wall-Street elite.

Join us again in 4-6 months, so that this day can be played over again. 

Thu, 07/28/2011 - 14:30 | 1501770 CrashisOptimistic
CrashisOptimistic's picture

This is a more meaningful vote than is understood.

People are generally ignoring the ability of the Senate GOP to craft amendments to Reid's bill in a way to entice the 11 or so vulnerable Democratic Senators who are up for re-election (or retiring) to vote for the amendment.

Meaning, what emerges from the Senate will NOT be Reid's bill.  It will be pulled towards Boehner before it ever gets to Senate/House conference.

Thu, 07/28/2011 - 14:42 | 1501808 Rick Masters
Rick Masters's picture

What? Are we watching the same circus. Or are you in the circus rooting for one of the elephants.

Thu, 07/28/2011 - 14:47 | 1501824 Dr. Richard Head
Dr. Richard Head's picture

Here, here.  This is a replay of TARP in all its glory.  Get your vote on record against it, so that the path is cleared in your vote for it.  The song remains the same.

Thu, 07/28/2011 - 14:22 | 1501746 slaughterer
slaughterer's picture

Loved those phoned-in rants on CSPAN a few minutes ago.  People -vs- US government. 

Thu, 07/28/2011 - 14:23 | 1501748 slewie the pi-rat
Thu, 07/28/2011 - 14:26 | 1501757 Raskolnikoff
Raskolnikoff's picture

just for fun, they should construct a budget that would shave off 10 trillion in one year, close all the foreign bases, sell federal land, eliminate most regulatory agencies (let's face it, they only cave to the highest bidder anyway) and bring all troops home. I'm sure there's 10 trillion in that pile up somehow. And, put a 10% tax on all imported items...there's your revenue producer right there! Might as well do something crazy like this, no one else is doing or wants to do anything else, so why even try to compromise or construct anything in this type of psycological climate?

Thu, 07/28/2011 - 15:03 | 1501768 Dr. Richard Head
Dr. Richard Head's picture

If our "Representatives" did that, how could we surround and provoke Iran? - https://picasaweb.google.com/lh/photo/PWaQXn5UOIimEr3CzW-J4Q?feat=embedwebsite

You're no fun.  They are trying to make a nuclear bomb because we are free don't cha know?

Thu, 07/28/2011 - 14:32 | 1501772 Everybodys All ...
Everybodys All American's picture

Sell Washington DC to the Chinese. Oh they already own it.

Thu, 07/28/2011 - 18:16 | 1502525 TheFourthStooge-ing
TheFourthStooge-ing's picture

Sell Washington DC to the Chinese. Oh they already own it.

Is there any way we can get them to take physical delivery and haul it away?

 

Thu, 07/28/2011 - 15:35 | 1501963 dracos_ghost
dracos_ghost's picture

Better yet, a 10% surcharge on NOTIONAL value of OTC Derivatives. The stuff that imploded the global economy in the first place. The Bernanke last said these were 1.45 QUADRILLION on US books alone !!!

First year $145T. Retire debt and setup escrows to pay future liabilities in Full.

Then tell the Fed to FO and go to a gold/silver standard.

No, they'd rather(both Dem and Repub) go after blue haired ladies with COLA adjustments on SocSec. This is bullshit theater at this point. It's 2012 political posturing.

The U.S. is just a stage for the Ivy leaguers -- basically Hasting Pudding vs The WhiffenPoofs.

 

Thu, 07/28/2011 - 17:44 | 1502407 Raynja
Raynja's picture

assuming the contracts didn't migrate to an oversea Börse a 1% tax would do the trick just fine

Thu, 07/28/2011 - 20:07 | 1502785 darkstar7646
darkstar7646's picture

The notational value is dead -- hence, Western finance has failed.

Thu, 07/28/2011 - 17:19 | 1502335 Silver Dreamer
Silver Dreamer's picture

You foolish peasant!  The goal is to make the banks wealthy, not the puppet nations they control.  Pfft!!!

Thu, 07/28/2011 - 14:33 | 1501777 bania
bania's picture

5 days down on the DJIA and a big drop yesterday.  Usually we see dead cats bouncing after heavy downside action. Last time I recall a streak like this was Fall 2008.

Thu, 07/28/2011 - 15:08 | 1501894 newbee
newbee's picture

ummm, March this year?

Thu, 07/28/2011 - 15:35 | 1501971 bania
bania's picture

ummmm... no. 3 days was the most in march 2011

Thu, 07/28/2011 - 14:41 | 1501791 Dr. Engali
Dr. Engali's picture

If this were going to fail they wouldn't bring it to the floor. They never bring an important vote to the floor is they don't have the votes.

Thu, 07/28/2011 - 14:43 | 1501811 the not so migh...
the not so mighty maximiza's picture

They might have promised Boner the votes but then did not vote for it to make him look like a softy boner

Thu, 07/28/2011 - 14:54 | 1501850 Dr. Engali
Dr. Engali's picture

Well he does a good enough job on his own looking like a softy boner, but the majority whip will have the votes in place. Now it will come down to the senate and what they pass. Harry Reed's bill will carry through the election. Then once that passes both bills will go to reconciliation where Reed will win out on the election part. The senate can deliver the votes. Boner's bill doesn't stand  chance in the senate.

Thu, 07/28/2011 - 14:40 | 1501797 konputa
konputa's picture

@Raskolnikoff, now you're talking.

Thu, 07/28/2011 - 14:43 | 1501809 KrugmansChauffeur
KrugmansChauffeur's picture

“What we’re trying to do is save the world from the Republican budget,” Pelosi said. “We’re trying to save life on this planet as we know it today.”

Thu, 07/28/2011 - 14:55 | 1501848 Dr. Richard Head
Dr. Richard Head's picture

Life as we know it today?  Hmmmmm....is a life of increasing public debt (deferred taxation) in order to support the unproductive (both social and corporate welfare) a status quo worth saving?  A life of constant regulation on every aspect of life on the majority of the population, with carte blanche lawlessness by the Primary Dealers and Wall Street Executives?  An ever encroaching police state that ignores the wrongdoings of the politically connected, while cracking down on every victimless “crime” they deem?  A police state that is all funded by an imaginary paper debt, created out of nothing, which results in constantly increasing living costs and deteriorating wages? 

Fuck this shit, this is bullshit, I'm outta here.  I want off this ride.

Republican or Democrat - Capital Hill can suck me left man tit.

Thu, 07/28/2011 - 14:58 | 1501865 slaughterer
slaughterer's picture

We get to hear Pelosi live and in action soon.     

Thu, 07/28/2011 - 15:00 | 1501870 Dr. Richard Head
Dr. Richard Head's picture

I would rather fist my own ass than listen to Boenner or Pelosi spout their vomit. 

Thu, 07/28/2011 - 18:17 | 1502527 A Lunatic
A Lunatic's picture

Wow, what a disturbing image that conjured. (flush, flush, flush)

Thu, 07/28/2011 - 20:09 | 1502793 darkstar7646
darkstar7646's picture

The problem is simple: Your alternative is a medium-term, at minimum, of absolute social dislocation through violence.

Thu, 07/28/2011 - 14:50 | 1501833 OpenEyes
OpenEyes's picture

"Follow the congressional debate on the Boehner plan live"

 

um.. no thanks

Thu, 07/28/2011 - 14:50 | 1501834 slaughterer
slaughterer's picture

Why debate?  Just read your Cliff's Notes and vote.  No debate will change anybody's minds.   Nobody really even knows how to debate in the House.   Just theatre of the absurd.  

Thu, 07/28/2011 - 14:52 | 1501842 Seasmoke
Seasmoke's picture

democRATS vote 100% against lower salaries and reductions in funding

Thu, 07/28/2011 - 14:58 | 1501866 Dr. Engali
Dr. Engali's picture

Washington= Hollywood for the ugly actor/ actresses wanna be's

Thu, 07/28/2011 - 15:01 | 1501875 TwelfthVulture
TwelfthVulture's picture

I counted a good $100M plus of WORTHLESS spending that could have been cut.  No debt service payments, veteran's checks, social security, medicare, medicaid, food stamp, unemployment benefit cuts were proposed.  They couldn't even cut a measly $11M from the NEA.  What's that, like 1 fucking Picasso? 

If you ever needed proof that we have a SPENDING problem and NOT a DEBT CEILING problem the past hour on C-SPAN should be enough to settle the issue.  More Americans should watch C-Span, I'm thinking C-Span should change its format.  Have J-Lo, that fat black bastard and that worthless brit fuck run the damn thing and have call in numbers for the american public.  Maybe guest appearances by lady gagme and justin gayboy to keep the people interested.

 

Thu, 07/28/2011 - 15:02 | 1501876 TwelfthVulture
TwelfthVulture's picture

dupe 

Thu, 07/28/2011 - 15:10 | 1501902 slaughterer
slaughterer's picture

"... in the name of sanity... we need to pass this bill..."  Huh?

Thu, 07/28/2011 - 15:10 | 1501904 slaughterer
slaughterer's picture

"... in the name of sanity... we need to pass this bill..."  Huh?

Thu, 07/28/2011 - 15:14 | 1501909 TruthInSunshine
TruthInSunshine's picture

Headline at 11:00 pm:

Boehner rages against fellow members.

Fellow members insist they will slap raging Boehner down.

Boehner to reach out to Frank tomorrow.

Thu, 07/28/2011 - 15:27 | 1501944 HL Shancken
HL Shancken's picture

Boehner is toast.

Thu, 07/28/2011 - 15:44 | 1501988 TwelfthVulture
TwelfthVulture's picture

Frank is busy with Weiner.

Thu, 07/28/2011 - 15:15 | 1501911 Eggsuckindog
Eggsuckindog's picture

Baby steps

new guy just wanted to try out the new login - I'm buying

Thu, 07/28/2011 - 15:19 | 1501923 Calculated_Risk
Calculated_Risk's picture

who's the homeless woman?

Thu, 07/28/2011 - 15:19 | 1501926 Caveman93
Caveman93's picture

What a bunch of useless fucking blowhards who don't have a fucking clue about the real world. 

Thu, 07/28/2011 - 15:24 | 1501936 Cole Younger
Cole Younger's picture

This debate is laughable. Point fingers, point more finger, point some more, continue to spend, and raise the debt ceiling so they can spend...I would say that all the hot air from Congress is adding to global warming but I can't. NASA data released today basically said that global warming is a BS...Sorry global warming cultist.

 


New NASA Data Blow Gaping Hold In Global Warming Alarmism

http://news.yahoo.com/nasa-data-blow-gaping-hold-global-warming-alarmism-192334971.html

Thu, 07/28/2011 - 15:30 | 1501950 Duke Dog
Duke Dog's picture

The gal from TN was pretty damned hot! jd.

Thu, 07/28/2011 - 15:37 | 1501974 Ryman1075
Ryman1075's picture

Can McCotter speak any slower?  Zzzz..... *drool*

 

Thu, 07/28/2011 - 15:40 | 1501980 David Davidson
David Davidson's picture

COMPROMISE! 

..not today.. lol!

 

bullish for popcorn

Thu, 07/28/2011 - 15:50 | 1502003 HL Shancken
HL Shancken's picture

Boehner calls for bipartisanship, to which I have this to say:

 

When Good compromises with evil, it is a victory for evil.

 

The Democrat party is in the complete control of Marxists, evil, satanic Marxists whose intent is the destruction of Western Civilization. Boehner, like all mainstream people, has no conception of this. He is like putty in the hands of Marxists.

Thu, 07/28/2011 - 17:07 | 1502300 Peter_Griffin
Peter_Griffin's picture

Both sides are absolutely retarded.  Buy why, I must ask, do you feel we shouldn't raise taxes on the uber wealthy?  Do you think the poor and middle class folks have solely received the benefits of this debt run-up?  And if so, why are the poor and middle class poorer than in '00 when this run-up started?  Why should we continue on our imperialist crusade?  Our defense spending has been, and continues to be, absurd.  But you would rather make the initial cuts to medicare and SS?  Most American's are dumb, but you are dumber.  If you think the republican party is "good", than you have no fucking clue.

Thu, 07/28/2011 - 21:04 | 1502928 TheFourthStooge-ing
TheFourthStooge-ing's picture

Boehner calls for bipartisanship

Translation: Bhoaner calls for congress to remember that, underneath all of the faux disagreement, pantomime debate, and theatrical stunts, America is a one-party system and they're all members of the Party.

When Good compromises with evil, it is a victory for evil.

When evil conspires with evil, it is called "doing what is best for the American people in a spirit of bipartisanship".

The Democrat party is in the complete control of Marxists, evil, satanic Marxists whose intent is the destruction of Western Civilization. Boehner, like all mainstream people, has no conception of this. He is like putty in the hands of Marxists.

Even Simple Jack would call this full retard. So are you a dupe or a shill?

Even though a magnet has a north and a south pole, it is still just a single magnet. The Republicans and Democrats are staged, phony divisions of a single political party. The Party exists to increase its power and authority over every aspect of life in America so that its masters can loot every last scrap of wealth from the carcass of what was once a great nation.

 

Thu, 07/28/2011 - 15:56 | 1502021 eurusdog
eurusdog's picture

Did anyone else feel like killing something while listening to the lies form both side of the isle?

Thu, 07/28/2011 - 16:17 | 1502118 infinity8
infinity8's picture

Wooooooo - fancy chart.

Thu, 07/28/2011 - 16:24 | 1502150 NumNutt
NumNutt's picture

Holy crap talk about watching paint dry......I have never seen a larger group of pople out of touch with reality. Asswipes.

Thu, 07/28/2011 - 19:49 | 1502430 whstlblwr
whstlblwr's picture

OK NumNutt, you guys here think this shit doesn't matter, and those of you who think it's a waste of time are the ones who are out of touch. Most politicians are you, they are people like you who get fed up or mad and want to do something. It's hard work, usually weekends and till midnight. Not as easy as sitting on your couch reading from a blog.

Maybe you don't like them and what they say, if not, then you should run for office. Stop scratching your ass watching CSPAN. If you think you can do better, you should run.

Thu, 07/28/2011 - 20:22 | 1502821 KrugmansChauffeur
KrugmansChauffeur's picture

We are 15T in (admitted) debt and facing a downgrade unless a credible plan is agreed upon.  They are arguing over $90 billion/yr while the deficit is 1.5T.

Ass-scratching CSPAN watchers could hardly do worse.

 

Thu, 07/28/2011 - 21:17 | 1502957 whstlblwr
whstlblwr's picture

Yes, we need you to run. So far Tea Party doing kick ass, compare to hope and change.

Thu, 07/28/2011 - 16:25 | 1502154 LauraB
LauraB's picture

Here are two more updates on Republican "No" votes: Boehner: We, er, don't have the votes --yet; Update: 25 Republicans leaning no: http://hotair.com/archives/2011/07/28/boehner-we-er-dont-have-the-votes-... and 27 House Republicans Publicly Oppose Boehner Plan: http://thinkprogress.org/politics/2011/07/28/280945/thinkprogress-vote-c...

 

 

Thu, 07/28/2011 - 16:26 | 1502161 infinity8
infinity8's picture

that Dreier sure is a good talker - and that green tie. . . I'm trying to figure out the tie color code, seeing lots of green and brown and purple anymore instead of the tried and true red/blue. Any thoughts? Green tie is the "I'm with Wall St" crowd? The browns semi-suicidal?

Thu, 07/28/2011 - 17:00 | 1502286 infinity8
infinity8's picture

we don't ever see their shoes because they're ALL wearing CLOWN shoes!

Thu, 07/28/2011 - 16:48 | 1502256 misterc
misterc's picture

Oh my god,
there was a hysteric lady from Alabama on the stream, yelling for America paying its bills.

Thu, 07/28/2011 - 17:17 | 1502263 Threeggg
Threeggg's picture

Can we change the tired Hampster in the wheel @ the ZH server ? 

Man talk about slooooooooooooooooooooooooooooooooooow.

and I have a 40MB connection

errors, loading issues and I thought I saw a pop-up. What did ZH hire yahoo to host ...............?  LOL

Thu, 07/28/2011 - 17:28 | 1502350 Threeggg
Threeggg's picture

Did a little research on this ZH slow hampster server issue and this is what I found.

If you dont make your history and cookie cache available to this new service that ZH hired you are going to run like a sloth here. The only reason for this is advertising revs biatchez !

I used a browser that has full open access to caches and low an behold this sight runs like a Gazelle.

mmmmmmmmmmmmmmmmm  ?

Every click you take !!!!!!!!!   LOL

http://www.youtube.com/watch?v=OMOGaugKpzs

I'll be watching you !

Thu, 07/28/2011 - 16:57 | 1502276 snakeboat
snakeboat's picture

#fuckthegovernment

Thu, 07/28/2011 - 17:03 | 1502294 johny2
johny2's picture

I hate politicians.

Thu, 07/28/2011 - 17:18 | 1502296 blindman
blindman's picture

. . here the central theme. the dollar will fail after they execute it with a higher ceiling, longer rope for the hanging, and an inability to let lousy gamblers lose when they make bad and outright stupid bets, some for fun and profit, some out of desperation and craven blood lust. anyway, the money system is a crime unto itself and all our reps are spoon fed trough hogs on steroids unable to see beyond their gilded pigpens. . our elected officials can only take comfort in the fact that the sleeping public harbors no animosity toward them. . the fed is financially executing the american public, has already done so. now these morons are self righteously debating the funeral arrangements. . expletives here, all of them, multiple times.
end the fed.
first tax the fed to death.
then end the fed. now .
how can the government be required to pay
interest on debt money that only it has the
authority to create? i submit we are stupid suckers,
scammed by confidence men, banksters, and may be too stupid
to procreate successfully?
then again this entire process may just be an
elaborate and culturally unique ceremonial way of
executing our weaker neighbors while maintaining
a false sense, delusion, of superior dignity and intellect?

Thu, 07/28/2011 - 18:28 | 1502559 A Lunatic
A Lunatic's picture

Seems like Andrew Jackson mentioned something about this a couple of years back. Of course he ended up on the Twenty Dollar bill so what the Hell did he know? The MFers in charge have ignored the greatest lessons on history at the peril of a whole Nation............quite possibly the whole world. Raising the debt ceiling is, at this point, inconsequential to that unavoidable end.

Thu, 07/28/2011 - 17:06 | 1502299 itsallajoke
itsallajoke's picture

I can feel brain cells dying as I listen to this BS.  Talk about a bunch of clueless, self-serving, idiotic people.

I keep hearing "Do the right thing for the American People!"   I wonder if they even know wtf the right thing is.  I wouldn't expect anyone in a government position to have a CLUE wtf "The right thing" to do is.

 

Thu, 07/28/2011 - 21:13 | 1502950 TheFourthStooge-ing
TheFourthStooge-ing's picture

"Do the right thing for the American people" is congressional code for "do what we were paid to do to the American people".

 

Thu, 07/28/2011 - 17:12 | 1502316 dropdeadfed
dropdeadfed's picture

greek yogurt is best to cover the moon with...

Thu, 07/28/2011 - 17:37 | 1502382 bill1102inf
bill1102inf's picture

Greek Man Yogurt has to be shot at the moon to be believed

Thu, 07/28/2011 - 17:14 | 1502325 rsnoble
rsnoble's picture

Interesting that the republicans are against helping out people--social programs etc.

Curiously wouldn't they be considered hyporcrits for asking us to pay for all of the banks screwups?  I mean afterall, fair is fair right?

Fact of the matter is that we are just the peons around here and will take an ass fucking anytime they say bendover. And if we don't willingly bend over they just rape us.

Thu, 07/28/2011 - 17:17 | 1502329 infinity8
infinity8's picture

black guy (from IL) throwin' the race card!

Thu, 07/28/2011 - 17:20 | 1502336 blindman
blindman's picture

@"race card".
you didn't think a white man would be in the white house
when the money system fails, did ya?

Thu, 07/28/2011 - 17:22 | 1502340 itsallajoke
itsallajoke's picture

I was always amused at the disaster movies from Hollywood..  It was always a Black President when the world ended.. 

Coincidence.....  maybe not...

Thu, 07/28/2011 - 19:17 | 1502677 MobBarley
MobBarley's picture

As it was in the beginning

is now

and ever shall be

world without end

amen

 

Thu, 07/28/2011 - 17:28 | 1502357 infinity8
infinity8's picture

Duly noted.

Thu, 07/28/2011 - 19:47 | 1502749 trav7777
trav7777's picture

it white people's fault everything they touch goes to shit?

Thu, 07/28/2011 - 17:23 | 1502343 wisefool
wisefool's picture

CNBC Fast money gang is really out of sorts. Its normally "coke and whores" over there. We need a federal program to help them get through this. Call O.

Thu, 07/28/2011 - 17:29 | 1502359 Global Hunter
Global Hunter's picture

Dem House Whip says the vote has been postponed.  Not enough votes or are they close and just hammering out some details?

Thu, 07/28/2011 - 17:37 | 1502377 LauraB
LauraB's picture

I'd guess not enough votes.  The latest tally has 26 Republicans as Nos with another 3 leaning no.

Thu, 07/28/2011 - 17:30 | 1502363 infinity8
infinity8's picture

And heeeeeeeeeeere's Cinderella - off to the ball after this. . . in her CLOWN sscchhoooos.

Thu, 07/28/2011 - 17:30 | 1502364 Seasmoke
Seasmoke's picture

who is keeping track of Pelosi 1 minute !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 07/28/2011 - 17:37 | 1502384 malikai
malikai's picture

This is the longest and most painful minute of my life.

Thu, 07/28/2011 - 17:32 | 1502366 MrFriskles
MrFriskles's picture

Every bone in my body hates pelosi. I don't even know why.

Thu, 07/28/2011 - 17:37 | 1502385 swissaustrian
swissaustrian's picture

I wonder how she can still move her lips given the amounts of botox under her skin

She bashes rich people LMAO

Thu, 07/28/2011 - 17:44 | 1502408 Cheesy Bastard
Thu, 07/28/2011 - 17:33 | 1502371 wisefool
wisefool's picture

Pelosi is on now.

<sarc> The first rule of being part of the human race means your women have permanently enlarged breasts. And everyone has opposable thumbs.

The question is, like debt as a similar concept, should you show cleavage when they "dont work that way" any more?

 

Buy the AAPL app for desprate housewives at .gov.com

Thu, 07/28/2011 - 17:39 | 1502390 itsallajoke
itsallajoke's picture

Geez.. This must be the LONGEST 1 minute in the history of our world.

Thu, 07/28/2011 - 17:40 | 1502394 infinity8
infinity8's picture

oh Pelothhhi, from a Lisper to a Scream no doubt.

Thu, 07/28/2011 - 17:41 | 1502399 blindman
blindman's picture

@" every bone in my body.."
no one likes the prototype, we all want
to see the finished product.
.
ultimate reboot.
http://singularityblog.singularitysymposium.com/juan-enriquez-at-ted-the...
.

Thu, 07/28/2011 - 17:45 | 1502409 MrFriskles
MrFriskles's picture

LOL no vote, epic blue balls

Thu, 07/28/2011 - 17:45 | 1502411 Totin
Totin's picture

Government creep is the problem. They want taxpayers to fund all of these programs that are outrageously inefficient and wasteful and when they get completely out of control people are still defending them (Pelosi). Their like crack addicts that need more and more then when they OD and someone tries to help they lash out. Let's get this passed so that Reid and Obama can shoot it down and then the nation will realize what a failure the policies of the Democrats have been.

Thu, 07/28/2011 - 17:45 | 1502412 Totin
Totin's picture

Government creep is the problem. They want taxpayers to fund all of these programs that are outrageously inefficient and wasteful and when they get completely out of control people are still defending them (Pelosi). Their like crack addicts that need more and more then when they OD and someone tries to help they lash out. Let's get this passed so that Reid and Obama can shoot it down and then the nation will realize what a failure the policies of the Democrats have been.

Thu, 07/28/2011 - 17:47 | 1502416 firefighter302
firefighter302's picture

The Tea Party just crashed Boehner's party.  Keep working those libertarian freshmen Johnny boy.  You ole can kicker.

The theatre is great fun, but all moot.

Obama will never sign anything that is a real reduction in government or spending.  It's all about positioning for the 2012 election.

Resolution to this mess?   Kick can (slight reduction in the increase of the rate of spending?) QE next.  That's my guess.

Curiously, the Congress is legally allowed to "inside trade" on news releases. 100% legal. News of vote delay hits at 60 seconds before the market close. Futures fall in last minute. Hmmmm. Would have been nice to know about that 5 minutes early.

Now back to the action.... enjoy.

 

Thu, 07/28/2011 - 19:05 | 1502638 tip e. canoe
tip e. canoe's picture

"Curiously, the Congress is legally allowed to "inside trade" on news releases. 100% legal."

some enterprising hacker should take down all wifi & cell service within 1 sq.mi. of congress.    that would be entertaining to see all those mofo's trying to log on to their ameritrade account and getting no signal.

Thu, 07/28/2011 - 18:55 | 1502626 tip e. canoe
tip e. canoe's picture

"New York devolves into a dystopian hellscape of sugared cola moonshiners, salty snackhouses and tobacco dens."

now we're talkin

Thu, 07/28/2011 - 17:49 | 1502420 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Oh good they are finally getting down to business and discussing...changing the name of the Illinois Federal Post Office???  WTF?  They are closing down them anyway, yet they waste time discussing changing the name of a post office.  Your tax dollars at play, America.

Thu, 07/28/2011 - 17:53 | 1502434 Cman5000
Cman5000's picture

House Republicans are delaying a debt-ceiling vote scheduled for tonight, Democratic Rep. Steny Hoyer says...

Thu, 07/28/2011 - 17:53 | 1502440 hejss
hejss's picture

Where did everyone go? No vote today? Instead they talk about some post office..

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