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Follow The House Debate On The Compromise Bill Live Here
Yes, the melodrama is back. Follow the latest developments straight out of Congress, which is now expected to be far closer to passing the bill as more republicans have voiced the support of the Compromise bill. This could be your last chance as today could well be the final day of the debt ceiling episode. At least for the current season.
Watch live streaming video from cspan at livestream.com
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Why would I want to watch tyranny and economic self-immolation unfolding live on TV? No thanks! That's a history I want to part of!
Why are these Congressmen agreeing to have themselves neutered?!?! I always considered them spineless but I never knew the extent until today!
Meanwhile, over in Greece:
Fears of far-right rise in crisis-hit Greece
Disgusting!!!
"drove authorities to beef up security."
Where's the beef Leo? Right here! "I'm talking to you!"
Nydia Velazquez, D-NY: HOW THE FUCK DO YOU GET ELECTED TO CONGRESS WHEN YOU CAN'T EVEN SPEAK FUCKING ENGLISH!
its not the speaking ability it is the sucking ability
Your electorate is Spanish speaking?
BY the waqy: can someone pls make a "obama finds out debt celing won`t be raised" Hitler "der untergang movie" parody and load it up on youtube...just in case...
Why are they referred to as "Gentleman" and "Gentlelady".
They are Representatives.
Gentle this or that shows them for what they are.
Members of a Club.
it is all "transitory" !!
This is total crap! Boehner is a complete sellout! The Tea Party needs to oust the whole lot!
http://www.usatoday.com/news/washington/2011-07-31-debt-commission_n.htm
Super Committee
·http://www.youtube.com/watch?v=Ma5BdNouHsA
Jimmy Z: Consider the 'Super Committee' & Forget the Debt
OK....why should it take 15 minutes to push a button? Isn't this electronic voting? or is this freak show?
You got to execuse me but I'm not from your turf so I found this very very strange that the country that is leading in so many things are laggards when it comes to democracy and using moder technology in the parliament.
To paraphrase Winston Churchill:
"Republicans had the choice between default and dishonor; they chose dishonor. They will get default later."
i've never really seen pols---I always turn them off after a minute because reading eliminates the theatrics and these guys were really terible actors. But I watched this for about 20 minutes and it was worse than anything I have ever seen come out of Congress/politics except for our president. These dudes really are painful to watch.
I'm going back to the forest on Wednesday-----this is just all nonsense om
"I know as it's structured now. It's a Big fucking circle jerk ponzi scheme where everyone buys each others' debt with impunity and finally, it collapses, then the fed comes in to pad everyones balance sheet throw the small banks under the bus and stimulate A shitload of mergers consolidating every industry with cheap credit making the rich richer and the poor poorer. Please explain to me how everyone is supposed to get interest paid on there savings when the interest rates are set by correlation arbs basing all of the interest rates off of the treasury curve. The treasury curve effectively rigging the cost of money (well the fed via QE), and let us not even speak of the contraction of the checkbook money that would ensue should interest rates go up....the system is rigged against the people it's about time to pur this monetary system back into the pits of hell from which it came..and start over while we still have the chance..."
Sounds like a solid understanding of our banking system to me...
Uh oh here you go, this out of England today, how long before it starts here in the US? Whach out ZHers, the thought ploice are looking for you.....
http://www.foxnews.com/world/2011/08/01/british-police-ask-public-to-report-anarchists/
Mr Nutt, you already have it thanks to Mr Bush.
"how long before it starts here in the US?"
You're joking, right? The Department of Homeland Security has been encouraging people to report each other to Big Brother for some considerable time now.
http://www.dhs.gov/files/reportincidents/see-something-say-something.sht...
yeah I know, but I thought it was funny that they have come out and identified a specific group, no longer just looking for towel heads. So if I dig out one of my old (A) t shirts from back in the day, I guess I will be picked up and vanish.....hmm all expense paid trip to getmo....
You won't be taking a trip to the Caribbean. FEMA has a camp set up near you. Trust me our eyes will meet and you will feel my power! This site is full of Anarchists and promotes a stateless society, you are a suspect. You will not be able to travel for more than 25 miles without being greeted by one of my comrades.
Buy knee pads! NOW!
Yikes, fat fingered that note to hell, so much for trying to do two things at one time.
"The American People" deserve a barf bag for exposure to this nonsense.
Reagan is rolling over in his grave right now!
Not nearly as much as he rolled over in the Oval office, Nick.
Sorry, but it's true----poor soul.
Reagan? He's like the patron saint of borrow-and-spend
Naw, he's watching this with glee from his Penthouse Suite in Hades with Keynes and Friedman by his side.
http://www.youtube.com/watch?v=swkq2E8mswI
The Secret of Oz - Winner, Best Documentary of 2010 v.1.09.11
And for those that don’t have an hour and a half to listen to common sense and logic! There is a shorter version. The answer to our problems are easy, John F. Kennedy already ordered this action! It is not hard, just a Presidential order and everything is fixed!
Take the power away from the Banks!
Fuck the FED!! Fuck paying the FED 6% interest on every dollar they print out of thin air!
If this damn drama show is not proof for those still on here touting the red team and the blue team that both are same, I don't know what is.
Both the repubs and dems are assclowns
Indeed.
Republicrat?
Demican?
"A plague on both your houses!"
How do they make people change their votes without changing anything in the bill? Tell me how without promising a favor.
So many of the Representatives are Not voting - they are doing a No Vote - chickens!
sunny,
a no vote also implies that there was nothing to vote for, and not neccessarily cowardice. of course, that's in the rest of the world----maybe, we are just cowards here with exceptions, of course.
and this oldman is not brave at all
and of course, what this all really means, to whit:
Message Body Treasury Announces Marketable Borrowing Estimates #yiv1400540349 { font-size:12px;font-family:arial, verdana, sans-serif;font-weight:normal;font-style:normal;} #yiv1400540349 .yiv1400540349physicalAddress { color:gray;font-size:10px;font-family:arial, verdana, sans-serif;font-weight:100;}
Treasury Announces Marketable Borrowing Estimates
To view the Sources and Uses Table, visit link.
WASHINGTON - The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the July – September 2011 and the October – December 2011 quarters:
During the April - June 2011 quarter, Treasury issued $190 billion in net marketable debt, and ended the quarter with a cash balance of $137 billion, of which $5 billion was attributable to the Supplementary Financing Program (SFP). In May 2011, Treasury estimated $142 billion in net marketable borrowing and assumed an end-of-June cash balance of $95 billion, which included an SFP balance of $5 billion.
just the odd 616 billion in issuance with sept 30 2011 cash at 110 billion. of course there is bulk maturing and being "round tripped" since there is no intention of every paying back one red cent
I got's a bahner for Boehner!!!!!!!!!!!!!!!!!!
it's funny listening to the CSPAN callers complain about taxes
as if...
Every third caller starts with, "I [or spouse] is on Social Security/SSDI/Medicare/Medicaid ..." and ends with: cut someone elses' shit but not mine.
The 1 republican "NAY" is probably Ron Paul.
I'm not sure whether im right, but 218 votes is OK in the house?
If so here we see why the republicans have not just shot them self in the foot but also in their head.
"The winner is the Tea Party. They have changed the debate in the country. I think they ought to do what George Aiken advocated in the worst of days of the Vietnam War, declare victory and go home. There will be another fight, a year from now. Obama is losing it. And I think that's where the big payoff will be and that's when the country will decide what everyone wants to do about debt and also about the size of government." – Charles Krauthammer Fox News July 31, 2011
http://www.breitbart.tv/krauthammer-tea-party-should-declare-victory/
And all the while the Establishment mouthpieces such as the New York Times and all the liberal talk show hosts such as Fox’s Juan Williams are just beside themselves that the Tea Party did't agree to go along with Washington politics as usual and has forced change.
Said Williams (and I paraphrase): The Establishment thought these Tea Partiers could be remolded like sausage; instead, it looks like the Tea Party just decided to keep right on campaigning.
Said JUDGE ANDREW NAPOLITANO July 28, 2011: … “the federal government's total debt is almost equal to the total market value of the goods and services produced in this country by the private sector… whether or not there's a statutory debt limit, there is a very serious real economic limit to how much debt the taxpayers can tolerate, how much debt the economy can take. That limit has already been exceeded and that has contributing to the dismal economic situation. And raising the debt ceiling will make it worse.
“The economy is under arrest. It's been stimulated to death. It is now broken under the weight of all this unsustainable debt, regulation and central planning.
“That is what hangs in the balance in this debt ceiling debate and vote. That is why the line must be held. We hit our statutory debt limit in May, and trickery by the Treasury Department has allowed the government to spend with abandon for a few more months. But the real limit on how much debt our economy can absorb before it faces arrested development has already been passed. And if the popular Tea Party movement does not induce real change in Washington, eventually, our economy will die.
“We have to cut the government's supply off at the source. It must borrow no more, or we will reach the point as a people where we have no more money to spend. We will find ourselves slaves to debt in the land of the free.”
Where the hell is Silverstein ......Pull it.... f*cking pull it..M*$^fu)&er
damn! this has been a great circus. almost as good as cirque du soleil.
Except when you leave cirqu du soleil you don't have to live with the bendy chick that can put herself into a cereal box. We have to live with the results of what these fucks do.
I think there would be definite plusses to living with the bendy chick.
I know where you're coming from, but when she lies on the floor, puts her elbows on the floor, puts her chin in the palm of her hands and then sits on her head ... that shit freaks me out. And that spider walking shit she does doesn't help matters.
I think it all depends on the angle you are looking from.
How many people will die from this inflation? This increase in barrowing is only the beginning of painful inflation.
You will know its bad, not when you close your doors and cover your windows as your youngest child dies of hunger. It will be when a strange women comes to your door asking for a plot in your yard to burry her's.
No, you say. History says otherwise. Grave plots cost money; money that wil not be available for food much less the dead. So what will your answer be. Yes or No.
These representives think that their pet company will save them and their children, grandchildren. Im proof that even perferred shares are not worth the papar they are printed on. When a company is in trouble they can default on past debt and issue new shares or go private.
There will come a time where its more profitable to ship produce and product overseas then it would be to sell it within the states.
If that time comes and im still here i would offer a plot for such a mother who showed such courage as to ask; and carve the headstoone myself.
45million without food for 2 weeks out of the monrh. Soon that will be 1 week worth of food, then little more then a meal. At that point you will have mothers asking for a place to lay their child to rest.
Even if i profit from this madness, i dont.
This whole thing pisses me off. I like what Coburn had to say and Ron Paul...but most of both parties need to be cleared out of their offices.
Is it my imagination or is Maxine Waters stupid?
DavidC
It must be your imagination; Maxine Waters isn't stupid...
She's positively sub-moronic.
Pool Shark,
Thanks for correcting me.
DavidC
Looks like Ron Paul even voted FOR the Debt ceiling!
What a turncoat he is too! Shows that everyone of them are bought and sold!
The vote is done with only one Rep. not voted yet and not one repulbican voted NO!
We NEED TO SUE THE GOVERNMENT FOR ABSOLUTE UNCONSTITUTIONAL BILLS!
You're looking at the RULES vote.
The actual vote on the bill is still to come...
There is much about inside baseball, politics that i choose not to see. I get upset enough following the effects much less its process. No one ever benifits fully from the complete process but for some reason, some are willing enougn to support it.
If you lose your ear but gain your fingers dextarity do you win. Whats a piano's value to those without ears or a rembrant to those without eyes.
Since, it looks as though passage of the deal is imminent, Mitt Romney is finally awake and feels comfortable in making his opinion known:
http://www.google.com/hostednews/ap/article/ALeqM5ju0IWd3dXAXCQf4VZAhfgtB_zTDQ?docId=58e9f7ed31984be9b298f877d4f946bd
What will he do if it doesn't pass? Does he realize that this could become a trap of his own making?
Ugh I fucking hate listening to the progressive propaganda
I used to be that way till I heard the right wing propaganda from false Tea Partiers - like Ryan
Ryan has never claimed to be in the Tea Party.
I met with him a few weeks ago at one of his events, and he really doesn't understand the problems...,
Ohh they understand it all too well. here is a metaphor:
If you are a prize fighter, in say, boxing. But the people stop watching boxing for any multitude of reasons the market is going to decide how things evolve.
If people think the sport is too violent, they might start watching NFL where people wear pads. If people think the sport is not violent enough/boring they will start watching UFC, which is much more violent and shorter matches.
Democrats and republicans are prize fighters in a sport that people think needs to be modified. They will insult each other at the press conference, take a dive here or there, and then meet up for the birthday parties of thier kids (lobbyists)
The problem is the two party federal system for a nation of 350 Million+ people is boring just like every movie after Rocky IV. The publicans will co-opt the tea party. the dems will co-opt socialist progressives. and ben will print money till it all falls apart.
If this bill passes, the only thing it will buy is a one-way ticket to places we don't want to go... What a bargain!
Biden says Tea Party reps are "like terrorists." http://www.politico.com/news/stories/0811/60421.html
I think Boener said that too (or at least thought it)
The BBA will pass the House.
The 23 Dem Senators up for election will have to defend their vote next year.
Who is this David Dreier guy? there's an 'R' by his name but he sounds like Maxine Waters
He's a typical California RINO.
Unfortunately, the House of Reps. is now full of them...
(we are so doooooooomed!)
I'll take 5:1 odds it doesn't pass. Let's do this.
If the only way we can begin to cut is by automated triggers for failure to agree. so be it. Once we begin to cut doing it will be easyier.
Ok, and then it needs to go to all the states to be voted on in their legislatures. This takes a long time....years. By then we will be bankrupt. In football they call it the end around.
OMG - Rep Moran from Virginia is literally a MORON!
He just said we won't be lucky enough to have WW2 - to get us out of this depression!
WTF? Really? Lucky enough for WW2 - to help the economy out? UHHHH we are in MORE Wars than ever before in our history!
Everyone of the elected officials are getting up their and lying out their butts - this is not about the American people nor is it for the American people. It is for their war mongering - their pocket books and the banks! The American people aren't even a consideration in this debate!
How the hell can you have a proper debate when representatives are given one lousy minute to speak and try to put across their argument??????
I'm just askin'.
It seems most of them are reading the same list of sales pitches.
Except your next PRE SELECTED PRESIDENT
MICHELLE 'MKULTRA MIGRAINE SRA' BACHMANN
who was given HOURS OF FREE TIDDLY VU TIME
BEFORE A SCREEN WHICH STRATEGICALLY READ
'THE PRES" when her head blocked the rest of 'PRESSROOM'
along with 'THE ROAD TO THE WHITE HOUSE' on the bottom
right and 'NEXT PRESIDENT' flashing subliminally every
2.3 seconds for 1/30th of a second.
Your next 'born again christian' president
who will be helping you to see the light (AhehahAHehAHeha)
that light being the elimination of lesser beings who fail
to assist society in advancing towards a viable STAGE 1
civilization so we may participate in ALIEN SEX and INTERGALACTIC
ADMINISTRATIVE ARBITRAGE TALKS WITH BENEFITS
as per DOCTOR KISSINGERS Majic Twelve of the elder
fools of repurposed ancient Tibetan sun symbol protocols
The floor is a public forum for public consumption. (Not to mention the utter manipulation of statistics and falsehoods.)
The actual dealings always seem to get done "behind closed doors" and out of our view.
these ass clowns on CNBS are recommending AUD? It has Tripple topped ... What a fool... This moron doesn't understand post FLOAT...!
His head is parabolically locked into 7-31 flows/ and wishfull thinking... Something so overbought needs some consolidation...
My pick is in the 1.08500 range... The ass clown doesn't understand earnings season either!!!
What a cluster. When are they going to discuss cutting their own salaries to eat their peas first? Fuckers will probably vote in their annual raise in this bill. .... fuck them all.
Rangel is like finger nails on a chalkboard... WTF anyone who thinks "person" is pronounced "poy-son" should immediately be flogged in the chamber.
Holding the president hostage? What about the whole of the federal gov't holding the country hostage? You want jobs, and people to have money, and for people to sleep well at night, how about getting rid of yourselves and leave the country the hell alone! You all are the parasites bleeding us dry, freaking imbecile.
The visual of that makes me ( want to) run to the " OVAL OFFICE, to warship the Porcelain Throne!!!"
I'm listening to this on C-Span and what really strikes me is the absurdity of the entire debate. Every speaker, whether for or against basically says the same thing. Summarized: we have a debt problem in this country and the solution to our problem is to SPEND MORE MONEY that's why I'm for/against this bill and will be voting YES/NO.
This debate amounts to filibustering the American people.
Gwen Moore D-WI: The epitome of the modern American dream: I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want, I want. Just wants, let someone else pay.
Hilarious and shocking at the same time, at one point she stated something to the effect she wanted research into food safety to insure her children's chicken nuggets were safe!
Parade of muppets.
For the Chinese, C-Span is considered the Comedy Channel...
Monday August 1 2011, just hours before Tuesday August 2 2011 and a compromise has been slipped through with totally inadequate time to read/discus it. Pressure to pass it due to impending doom will get it passed. This is how TARP got done and likely the very same folks that benefitted there will win here. Remember who votes yes today and be sure to not vote for them next November. Those statisticians out there should look for a correlation between positive TARP voters and those that stick their thumbs up today...
No better filibusterer than Pelosi.......'just let me get out of this room! Pleeeeaaaaaase?'
On July 31, Phelan reported "breaking news" that Libya's Al Fatah revolution (Gaddafi's 1969 bloodless coup, ousting King Idris from power, establishing the Libyan Arab Republic) regained power in Benghazi.
ladies and gentlemen, Benghazi has fallen. Gaddafi's forces retook it on July 31st. Imagine that. Gee, you can hear a pin drop in Paris..............
http://rense.com/general94/liby.htm
So, the House has been conducting official business this whole time without a Quorum? WTF? It is official folks: The United States is a Banana Republic.
"Final Vote" expected shortly... but no "quorum"....
So when do these mother fuckers vote?
Is anybody listening to these hillbillies calling in? These people litterally think that it is fair to pay in 1/5 to social security what they take out. One woman says, we need/depend on these entitlements. I might not get my check. Jeeeezzzzz.
I'm thinking about calling in and saying I own a liquor store and if the debt ceiling isn't raised and social security/disability/unemployment checks don't go out, I won't be able to pay my bills.
Yes, 90% of the people calling are scared about not getting 'their' entitlements. Shows you the scare tactics have worked on some people. It is almost as if CSPAN is vetting them to only get certain types of calls. Makes me wonder sometimes.
Folks, tomorrow will be another 200 points rally, will it be a complete reversal like today again? That would be a great lesson to the moron Pelosi.
Whose dumb fuck algos are these...that are buying the Roach Motel [SPY] in the AH as the vote in the House is taken? Seriously, after already determining that the bill would pass, on a high to low reversal debacle...what moron is out there, ignoring the absolute economic slide we are currently in, looking for a mythical pop on a shitty ETF that is nothing more than the Street's manipulation machine?
As people perpetually chatter about all the Average Joes out there who are dumb as rocks, I present to you the biggest moron currently in the room...that being the fellow who designed the algo to attempt an AH ramp on the Roach Motel on what is already known...and subsequently, destructive to the US economy...the debt ceiling hike bill...on a trading day as weak as this one was.
You sir, whoever you are, are the king of the idiots.
Think about it. Maybe not quite as dumb as you infer. If (that's a mighty big if and I propose it's a moot point at this juncture) the market was "free", more specifically NOT MANIPULATED, then agreed, absolutely, an increase in the debt ceiling would cause the market to sell-off and sell-off with force. I submit that the market has been manipulated since at least 2009 and therefore the market will rise substantially tomorrow with the desired passage. Buy now, sell tomorrow, short wednesday/thursday (the ability to keep the market elevated for extended periods of time is facing diminishing returns), so there will be a "rational" selloff after the manipulated rise. JMHO.
Well, and if we are using the Roach Motel [SPY] as the proxy, I would submit to you that the sell off has already begun...for it is not rising with joy on the bill's passage...but was only front run for fools.
These things, of course, are not absolute, but I would suggest to you that, and especially after a reversal day like today, the risk reward on a catalyst that is known is to the downside...and so the fool who ignores that counts solely on manipulation being 100% predictable. And if the market were just that predictable, we'd all be rich already, no?
And anyway, due to the construction of these ETFs, which rely perpetually on the "creation of units," I would say to you that anyone who plays ETFs at all is already a fool, no matter which one he chooses. Market plunges commence directly in this group of instruments...and not usually the underlying stocks...but this gets all into how you can have infinity units of ETFs based on finite numbers of issued stock, and quite frankly, it give me a headache when I think about them.
ETFs are for fools...or people with super computers co located in the room next to where Duncan Neiderauer takes his afternoon constitutional...so have at 'em if you like but bring plenty of TP with you.
...and there it is. After chasing the Roach Motel [SPY] last night, the totally bogus ETF will open more than a dollar per unit down this morning. Brilliant. No one could see it coming!
Good call on the market action today. I was wrong but luckily on the sidelines. Hope you had your shorts on. I would say that I am surprised that the manipulators didn't prop it up today, but nothing really surprises me about this market anymore. I do find it amusing that if things were different and the s&p would have rallied 30 points today every media organization on the planet would have attributed the rally to the debt deal, however, a 30 point selloff is blamed on a 20 basis point month over month decrease in consumer spending reported before the open.
I am amazed more of these criminal folks don't get shot in the face by the public.
Horrible thought i know - but never ceases to amaze me nonetheless.
Democrats with-holding till the end. This is gonna get interesting, still a chance it could fail
interesting that Boehner did not have enough votes from his cockus to carry it
They are still playing chicken ffs.
Whahooo! Party like it's 1929. Fucking fools.
talk about staged
Y'all need to chill....drastically reduce your lofty expectations of what you expect a few hundred CONgresspeeps to potentially accomplish in a nation divided up in so many ways, Rubik's Cube looks like a kinnygarden sums question in comparison.
Your perspicacious remarks, haranguing critiques, incessant complaints and other fussiness is badly misplaced. Instead of bemoaning the appalling state of things you should embrace the chaos because Chaos is the natural progression of things the larger in size and inorganic diversity that they become. This isn't even the beginning of things getting progressively worse. This is the equivalent of the Donner Expedition with a great many serial tragedies which lie ahead.
Start from this premise: The disUnited States Can not be governed for the 320,000,000 (growing to 500,000,000 people and beyond) human beans that live here. It cannot be done. Simply cannot be done, and therefore our current system called by the name of Republican Democracy is a total sham because that system has been hijacked by 42,000 lobbyists representing a clique of coincidental interests, and----guess what? They are not interested in us. They don't' even hate us. They just don't care about us.
So, rant on if it makes you feel better to vent, but just maybe you could do so knowing that your rants are like that of an abandoned child in the wilderness screaming his fool little head off to dismally useless effect.
Oh yeah; so what ?
Now on to the Congress! I can hardly wait......hope Harry is ready and has the skids greased up because they will need shove that bitch thru pretty damn fast to make their fake dead line....
Now on to the Congress! Senate!
There, fixed that for ya.
Thank you very much!
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