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In Puppet Move Full Of Sound And Fury, Congress Denies Debt Ceiling Hike

Tyler Durden's picture


A short time ago, the House of Representatives rejected (by 239-176 though not enough to avoid Obama's veto) the $1.3tn increase in the federal debt limit. As Reuters notes, this vote seems like 'a largely symbolic vote aimed at staking out election-year positions on government spending' as we know by now that Timmy G will underfund yet another pension plan (on the promise to transfer-pay it all back very soon) if it ever came to that. The Hill also adds Democratic comments that this was clearly 'a political stunt' as the House Minority Whip Steny Hoyer says "This is a game that will say, see, I voted against debt." Where the sound-and-fury is laughable of course is that both the House and Senate need to 'disapprove' of the debt ceiling hike that is already 'pre-approved' in last year's Budget Control Act (and the Senate is widely expected not to disapprove). As politician after politician sought media-time, Ron Paul echoed his sensibilities (though not really helpful in this situation) that "we're in denial", and "you can't solve the problem of debt by accumulating more debt."

The Hill: House approves resolution opposing Obama's debt limit hike

The House on Wednesday evening approved a resolution disapproving of President Obama's request to increase the debt ceiling by another $1.2 trillion, sending it to a Senate that is expected to reject it.


The House approved the resolution in a 239-176 vote in which just one Republican voted against it, and six Democrats voted for it. But the vote fell far short of the two-thirds majority that would be needed for passage if Obama were to veto the resolution.


Democrats spend the day arguing that the resolution was a waste of time. Democratic National Committee Chairwoman Debbie Wasserman Schultz (D-Fla.) called it a "political stunt," and House Minority Whip Steny Hoyer (D-Md.) said


..."This is a game that will say, see, I voted against debt,".


Under last year's Budget Control Act (BCA), Obama has the authority to call for an increase in the debt ceiling by $1.2 trillion. This increase can only be avoided if both the House and Senate pass resolutions of disapproval, although the Senate is not expected to follow suit.


... Republican presidential candidate Ron Paul (R-Texas) returned from the campaign to warn of global consequences if Congress fails to curb spending.


"I believe we're in denial here in the Congress," Paul said on the House floor. "If we had the vaguest idea of how serious this crisis is financially, not only for us but for the world, we'd cut spending, because you can't solve the problem of debt by accumulating more debt."




"We have in effect given the president of the United States the ability to raise the debt ceiling without… having any control whatsoever, and that’s just wrong," Rep. Dan Burton (R-Ind.) said.




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Wed, 01/18/2012 - 18:26 | 2076038 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What debt ceiling?

Wed, 01/18/2012 - 18:28 | 2076045 Shocker
Shocker's picture

Its an old term used back in the 80's. Nothing to worry about now.

Wed, 01/18/2012 - 18:29 | 2076058 redpill
redpill's picture

Someone important on the teevee said deficits don't matter so I just didn't worry about it after that.




Wed, 01/18/2012 - 18:55 | 2076137's picture

Today Ron Paul also introduced legislation to repeal section 1021 of the NDAA. My man.

Wed, 01/18/2012 - 19:15 | 2076202 Teamtc321
Teamtc321's picture

Plus to the moon. Ron Paul is the Man period!!

Thanks for the head's up Crockett. 


Ron Paul 2012 Bitcheez!!

Wed, 01/18/2012 - 19:15 | 2076207 trav7777
trav7777's picture

it'll likely go nowhere.

GOP will give debt ceiling if Bama OK's Keystone, I bet

Wed, 01/18/2012 - 20:09 | 2076388 old naughty
old naughty's picture

No, he won't. They won't. Harper has to start printing. Blame it on ECB is such old hat. We need a new Northern front.

Wed, 01/18/2012 - 22:17 | 2076715 CaptainObvious
CaptainObvious's picture

+1 for convincing me to watch something on youtube.  It proved to be worth it. 

Wed, 01/18/2012 - 18:37 | 2076083 Caviar Emptor
Caviar Emptor's picture

We all see the ceiling up there don't we ? It's made of the finest material available kind of like a set of clothes that were once created for an emperor

Wed, 01/18/2012 - 22:18 | 2076721 CaptainObvious
CaptainObvious's picture

Debt ceiling?  We don't need no stinkin' debt ceiling!


Thu, 01/19/2012 - 04:10 | 2077225 StychoKiller
StychoKiller's picture


"We have in effect given the president of the United States the ability to raise the debt ceiling without… having any control whatsoever, and that’s just wrong," Rep. Dan Burton (R-Ind.) said.


Something I'm sure The good Captain would have said himself, if he were in Clowngress!

Wed, 01/18/2012 - 18:43 | 2076100 GenXer
GenXer's picture

Don't worry about it, everything is priced in.

Wed, 01/18/2012 - 18:45 | 2076103 krispkritter
krispkritter's picture

This scenario reminds me of an old Polack joke where one tries to hang himself from a light fixture using a bungee cord and ends up dying from concussions...we're just going to keep banging our head against the 'ceiling' until we perish...

Wed, 01/18/2012 - 20:30 | 2076448 non_anon
non_anon's picture

it's a stunt to make the insolvent, spendaholics in DC sound fiscally responsible

Wed, 01/18/2012 - 18:27 | 2076039 voshnishki
voshnishki's picture


Wed, 01/18/2012 - 18:27 | 2076040 The Big Ching-aso
The Big Ching-aso's picture



What a bunch of douchewoggles.

Wed, 01/18/2012 - 18:46 | 2076104 redpill
redpill's picture

This is the legacy of the adolescent legislation they passed in the first place.  Oh yeah boy they really drove a hard bargain, the only thing stopping an automatic debt ceiling increase is a guaranteed Presidential veto you don't have the votes to overcome and a vote on a Constitutional Balanced Budget amendment that you never had the votes to pass.  What a pathetic joke, and what a bunch of frauds.  

Wed, 01/18/2012 - 18:27 | 2076043 MrJingles
MrJingles's picture


Wed, 01/18/2012 - 18:27 | 2076044 fonzannoon
fonzannoon's picture

When Asia hears about this the overnight crash will be epic.

Wed, 01/18/2012 - 18:28 | 2076047 SHEEPFUKKER

The sheeple don't even know what the debt ceiling is so it's another non story, but funny to those that pay attention to this sort of shit. 

Wed, 01/18/2012 - 18:33 | 2076070 X. Kurt OSis
X. Kurt OSis's picture

Duh.  A debt ceiling is when you suspend panels from a metal frame cause your too lazy to put up drywall or there are pipes and stuff running across the beams.

I for one am glad to see our congress taking a principled stand against lazy people.



Wed, 01/18/2012 - 18:38 | 2076086 redpill
redpill's picture

Huh, I dun thought the debt ceiling was just when I paid the roof man to fix that leak with my chase card

Wed, 01/18/2012 - 21:17 | 2076556 peekcrackers
peekcrackers's picture


Debit ceilings, nothing more than  Debit ceilings ,
trying to forget my  ceilings of paper.
Teardrops rolling down on my face,
trying to forget my Debit  ceilings of paper.

ceilings, , for all my life I'll feel it.
      I wish I've never met you, FED; you'll never come again

Wed, 01/18/2012 - 18:40 | 2076090 LawsofPhysics
LawsofPhysics's picture

Right, put your money where your mouth is, how much do you want to bet the same GOP-controlled house will raise it.

Wed, 01/18/2012 - 18:49 | 2076114 redpill
redpill's picture

Essentially they already raised it the first time when the only checks put in place to prevent an automatic debt ceiling increase were thresholds they knew they'd never be able to achieve.  Therefore, this was nothing but a cheap political ploy based on the original stupid legislation that allows them to say they were voting against a debt increase when their own legislation actually prevents them from doing anything about it.  It's utterly retarded and is a perfect example of how the Republican establishment is nothing but a bunch of unserious self-serving big government neocon assholes.  Fuck 'em.

Wed, 01/18/2012 - 23:10 | 2076826 847328_3527
847328_3527's picture

Tebow...Kardashian...Bieber....JLow...and Jessica Simpson.

What else matters?


Thu, 01/19/2012 - 02:44 | 2077182 iamgogi
iamgogi's picture

You forgot Gaga, Brangelina and Mitt Romney. Oh and Snooki too. Where do I buy more gold?

Wed, 01/18/2012 - 18:28 | 2076050 taniquetil
taniquetil's picture

Hey, QE3 ain't gonna pay for itself you know.

Wed, 01/18/2012 - 18:34 | 2076075 Caviar Emptor
Caviar Emptor's picture

I wish more people would listen to you

Wed, 01/18/2012 - 20:11 | 2076395 fuu
fuu's picture


Wed, 01/18/2012 - 23:57 | 2076941 UP Forester
UP Forester's picture

And in the naked light I saw
Ten thousand people maybe more
People talking without speaking
People hearing without listening
People writing songs that voices never shared
No one dared
Disturb the sound of silence

Wed, 01/18/2012 - 18:28 | 2076054 Jerry Maguire
Jerry Maguire's picture

We're going to have to cancel debt with a jubilee, not just the government's but everyone's.  Big adjustment, I know.  But we're not really having a financial crisis - it's a rule of law crisis. 

A constitutional crisis.


Wed, 01/18/2012 - 18:58 | 2076154's picture

They'll just inflate. That's always been the alternative to default on any level.

Wed, 01/18/2012 - 20:48 | 2076484 Jerry Maguire
Jerry Maguire's picture

Maybe, but surprisingly it's a lot easier said than done.  Plus, at this point it would have to be a hyper-inflatioin, and that's worse than a jubilee.  The system would still have to be reset, and all the debt would still never be "repaid", not even in greatly deprectiated dollars, because all the new dollars have to be new debt.

It's that stubbornly necessary part of the cycle that needs to be broken.

Greece first.

Wed, 01/18/2012 - 18:30 | 2076055 SillySalesmanQu...
SillySalesmanQuestion's picture

"Debt Brother", the movie...Coming to a theater near you soon...

Wed, 01/18/2012 - 18:30 | 2076059 moskov
moskov's picture


Wed, 01/18/2012 - 18:36 | 2076065 Hansel
Hansel's picture

Hoyer also said:

House Minority Whip Steny Hoyer (D-Md.) on Wednesday sought to downplay the $15 trillion U.S. debt by saying it is far less than Greece's debt as a share of annual gross domestic product.  "They're 128 percent, I think, in debt," Hoyer said of Greece on the House floor. "We're only at about 100 percent; if you count our internal debt it's less than that."

See, not that bad.  We're better than Greece.

Wed, 01/18/2012 - 19:08 | 2076183 VisualCSharp
VisualCSharp's picture

"Our shit doesn't stink as bad as Greece's. I mean, we ate some corn and beans last night so you can see chunks in it, but it sure beats the stink of their gyro shit."

Wed, 01/18/2012 - 20:12 | 2076397 ebworthen
ebworthen's picture

Typical Steny Hoyer doublespeak.  He won't be alive to have his taxes tripled and his retirement confiscated so why not blow skittles out his ass?

Wed, 01/18/2012 - 20:12 | 2076399 fuu
fuu's picture

"We're only at about 100 percent; if you count our internal debt it's less than that."

That sentence is batshit insane.

Wed, 01/18/2012 - 20:23 | 2076427 X. Kurt OSis
X. Kurt OSis's picture

That's awesome!!! We are all gonna die!

Since we are half way between pan-Europe and Greece in terms of Debt/GDP, we can interpolate the real-world 30 day treasury yield at about 200%! I call it the Steny-Hoyer Rule. So much simpler than the Taylor Rule!

P.S. The Greek yield curve looks like a quarter of a hockey rink. I can't wait to see what happens when the UST curve looks like that. Well, I'm off to stock more marshmallows.

Wed, 01/18/2012 - 22:29 | 2076744 CaptainObvious
CaptainObvious's picture

Ba hah hah.  This is like Argentina and Zimbabwe arguing over which nation's hyperinflation was less destructive to its citizens. 

Mr. Hoyer?  A Mr. Real T. Check is calling collect, will you accept the charges?

Wed, 01/18/2012 - 18:33 | 2076067 Caviar Emptor
Caviar Emptor's picture

Oh let's just have ourselves an "Eighties Party" and just triple the Federal deficit as Ronnie did (from $900 billion to $2.7 Trillion). Then we could really have a shopping spree! Weeeeee

Wed, 01/18/2012 - 18:35 | 2076076 fonzannoon
fonzannoon's picture

Hey Caviar you have me buying into your biflation but what about the refiners today? I know one day does not a trend make but what are your thoughts about thes margins loosening up?

Wed, 01/18/2012 - 18:53 | 2076115 Caviar Emptor
Caviar Emptor's picture

Yup. It's gonna be a biflation tsunami once they start releasing the trillions they're approving this week for IMF, and various Euro conduits. And you can be sure that once the Greece deal is done they're gonna bail Hungary and the other PIIGS for another round to avoid an epidemic of haircuts and more talk of Euroland breakup. They might even cap yield spreads (rumor). 

Refiners got a bid today on the hope that crack spreads will improve: On the supply side OPEC output rose (although Saudi is flat), Iran saber rattling is taking a nap and Nigeria hasn't shut down production. On the demand side they're all hoping China has avoided a hard landing and will grow more than expected and that US is in muddle through mode. The fly in the ointment is ongoing demand destruction for gasoline in the US (and Europe going into recession)

Tip o the hat

Wed, 01/18/2012 - 19:17 | 2076217 trav7777
trav7777's picture

Raygun tripled it and Bama's on track to try to take out that WR

Wed, 01/18/2012 - 23:34 | 2076899 toomanyfakecons...
toomanyfakeconservatives's picture

I was 9 years old during the '79 Hostage crisis, then came Reagan, Bush, and the November surprise. In the 80s, terrorism wasn't a dirty word like it is today. The 80's was truly the decade of economic hitmen, massive expansion, and small wars. Never forget, the Eighties brought us Scarface and the first modern bailout.

So much good music and BAD music. Cars that you'll never see again. Count me in for the Eighties Party.

Wed, 01/18/2012 - 18:33 | 2076068 navy62802
navy62802's picture

So how's that debt super-committee working out? Haha ... what a tragic joke this all is. Definitely extra bullish. These ass hats won't be satisfied until 90% of America is on food stamps.

Wed, 01/18/2012 - 18:35 | 2076078 moskov
moskov's picture

Super-committee: Established for the reason of being super dump and stupid.

Next Stop: Paranormal committee

Wed, 01/18/2012 - 18:43 | 2076098 LawsofPhysics
LawsofPhysics's picture

Wow, how insightful.

Thu, 01/19/2012 - 10:32 | 2077613 Babushka
Babushka's picture

Would those act as a normal parrots or acting as a parrot in a committee is already normal?

Wed, 01/18/2012 - 18:36 | 2076080 NotApplicable
NotApplicable's picture

"you can't solve the problem of debt by accumulating more debt."

Good thing they're not trying, then!

Actually, they're trying to solve the "useless eater" problem.

Wed, 01/18/2012 - 18:44 | 2076092 css1971
css1971's picture

Woohoo! One hundred trillion here we come!



BTW people, this is Bullish! You wanted QE3?

Wed, 01/18/2012 - 18:41 | 2076093 John Law Lives
John Law Lives's picture

"A short time ago, the House of Representatives rejected (by 239-176 though not enough to avoid Obama's veto) the $1.3tn increase in the federal debt limit."

Gosh, I am on pins and needles wondering how this will ultimately turn out...  Maybe the super-committee will spring into action and solve all our debt problems... right after we learn the moon really is made of cheese.

 100% FUBAR.


Wed, 01/18/2012 - 18:43 | 2076099 Magnix
Magnix's picture

Rejected and then whats next?

Wed, 01/18/2012 - 18:43 | 2076101 blunderdog
blunderdog's picture

I'm hoping those jackals in Congress are committed this time.  You have to burn down the government to save the country.  It's been obvious for awhile.

Wed, 01/18/2012 - 18:47 | 2076110 LawsofPhysics
LawsofPhysics's picture

Unless you also destroy the banking cartel, they will simply buy a new set of puppets, I hear they are getting cheaper these days.

Wed, 01/18/2012 - 18:50 | 2076120 blunderdog
blunderdog's picture

The banking cartel doesn't concern the 50% of us (or so) who are poor.  That'll be a self-correcting problem once the Feds stop propping them up.

Thu, 01/19/2012 - 02:52 | 2077188 iamgogi
iamgogi's picture

If I hear "banking cartel" one more time I will puke. Anyone who worked corporate and sat in board meetings knows those uppity fuckers hate each other and can't agree on anything. Banking cartel my ass.

Wed, 01/18/2012 - 18:48 | 2076113 navy62802
navy62802's picture

Sad but true.

Wed, 01/18/2012 - 18:44 | 2076102 Fix It Again Timmy
Fix It Again Timmy's picture

Hey, we made it this far.  Why stop now?

Wed, 01/18/2012 - 18:51 | 2076116 Whalley World
Whalley World's picture

They should be talking about sealing the debt, not a debt ceiling!

Wed, 01/18/2012 - 18:54 | 2076134 Fix It Again Timmy
Fix It Again Timmy's picture

What to do with the debt ceiling - it's so simple, really......



Wed, 01/18/2012 - 18:55 | 2076135 Poor Grogman
Poor Grogman's picture


Anybody who thinks it is debt is delusional.


That would mean its owed and would be paid back, ha ha ha.


It is good ole monetization in its most evolved, complicated, and hidden form.


While people are all angry about the growing debt they never realise that this was how the system was rigged to function all along.


The debt will just keep growing, eventually we wont even have a debt ceiling or a debate about it.


The entire ponzi is totally depndent on new money continuously entering the system.


Therefore the "Western way of life" is totally depndent on new money continuously entering the system.

Therefore  new money WILL continuously enter the system.


As the new money is the product of C/Bs. Then the C/Bs will become more and more powerful as time goes by.

(see 5th plank of the communist manifesto)


This unfortunate trend will continue until the gold market pressure cooker blows, and takes the whole miserable scam down with it.


Wed, 01/18/2012 - 18:56 | 2076145 Pancho Villa
Pancho Villa's picture

"I voted against the debt ceiling increase after I voted for it."

Wed, 01/18/2012 - 19:03 | 2076163 Texas Ginslinger
Texas Ginslinger's picture

"The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending."

Larry Summers


Wed, 01/18/2012 - 19:09 | 2076186 redpill
redpill's picture

Makes you want to punch him in the face.  Let's see, do you think reality is an inherently illogical statement like that of Mr. Summers above, or could it be something so obvious and common sense that only intellectually-entrenched self-serving madmen could deny?

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."



Wed, 01/18/2012 - 19:29 | 2076270 Teamtc321
Teamtc321's picture

Isn't Mr. Summer's the choice of the admin. for the world bank?

Thu, 01/19/2012 - 03:40 | 2077211 UP Forester
UP Forester's picture

I believe it's actually Captain Francesco Schettino.


Captain Edward Smith is, unfortunately, not available.

Wed, 01/18/2012 - 19:14 | 2076200 ljag
ljag's picture

Hey.....wait a minute! My wife has solved the debt problem in our household. She just gets another card and pays off the one that charges the most interest. This actually worked for a while. Now, however, I have to 'speak to a representative' to negotiate a settlement. Once you embrace their annoying calls and ask them about their life, things get easier. I started out around 45cents on the dollar but (trumpets please!!!!) I am down to 28%! The more you talk to them like real people, the more they are willing to settle at these lower numbers. It's great! The hard part is running around town and buying so damn many MOs. Oh NOT have any money in any of your into MOs........remember that.

Wed, 01/18/2012 - 19:49 | 2076342 pursueliberty
pursueliberty's picture

That is one way to do it.  The other is to pay none of it through a BK.

Are you late on them, if so how late are you?  Are you having luck through contacting the CC company directly?

Thu, 01/19/2012 - 09:32 | 2077456 LoneCapitalist
LoneCapitalist's picture

Heres another way. You could actually pay for the things you buy yourself, and be better than the bankers that you complain about. Just a thought.

Wed, 01/18/2012 - 19:26 | 2076219 silverserfer
silverserfer's picture

Well if you realize that the national debt is FED funny money the who gives a fuck if it is eventually defaulted on. I dont hold any govt bonds. IF your dumb enough to, then shame on you for supporting the GODDAM FUCKING ELETE BANKERS in the first place. The people of this counrty did not create the debt, the elete banking cartel did its there debt serfdom mechanism. We should be voting for every single debt increase with the goal of 1 quadrillion. 

Blow the fucker up. If we are ever going to defeat the banking cartel then we are going to have to play their game better than they do.  

dont you realise that even if we did balance the budget and pay down the debt, we would just prolong the FED and the status quo? Why does the congress other than to swing their limp dicks around to get re-elected vote against the debt celing raise?  The best way to end the fed is not thru deflation  but hyperinflation.

Wed, 01/18/2012 - 19:37 | 2076301 Poor Grogman
Poor Grogman's picture

Exactly the whole charade of the (debt ceiling debate) plays house rules right to the letter.

Call the systems  bluff and blow the mfucker up.

1 quadrillion bitches...

Thu, 01/19/2012 - 01:03 | 2077059 toomanyfakecons...
toomanyfakeconservatives's picture

What does a quad look like stacked up in 100 dollar bills?

Wed, 01/18/2012 - 21:11 | 2076546 John_Coltrane
John_Coltrane's picture

Unless you have absolutely no checking or  saving deposits or cash you do hold T-bills.  That's the debt that backs all money in the modern system.  Debt/Credit = Money.  Thus, no debt, no money.  The untimate deflation. 

Thu, 01/19/2012 - 01:02 | 2077056 toomanyfakecons...
toomanyfakeconservatives's picture

Are you channeling President Andrew Jackson's spirit? He blew up a few central banks in his time.

Thu, 01/19/2012 - 02:57 | 2077193 azusgm
azusgm's picture

Lightbulb. Endgame. Here it is...

See Ann's post on this.

Not funny.

Wed, 01/18/2012 - 19:35 | 2076293 miker
miker's picture

The DEFICIT is the STIMULUS.  Washington struck a deal; let the Republicans rail against the deficit and growing debt, but don't get in the way.  They've all been "educated" that if the economy doesn't get growing again, it's all over.  That is the overriding issue. 

Don't believe it?  Where are the Tea Partiers?  Sure, maybe in their districts, but nothing national, nothing big.  Even Boehner is quiet.  All of them had a little Timmy 101 last fall and they are all scared shitless.

Soooooo, the debt will continue to increase.  How long?  How long do we give it?  Good question.  The economy is improving in some areas and in some businesses, but nothing to write home about.  So, they keep trying.

Wed, 01/18/2012 - 19:51 | 2076348 pursueliberty
pursueliberty's picture

The ONLY thing doing good business in the southeastern US is oil/nat gas.  Everything is is drying up over the last three months.

Wed, 01/18/2012 - 22:50 | 2076789 toomanyfakecons...
toomanyfakeconservatives's picture

The Tea Party frauds never saw a Patriot Act extension or a war funding bill they didn't like...

Wed, 01/18/2012 - 19:41 | 2076316 rsnoble
rsnoble's picture

"Deficits don't matter". I calculated them and there's no way they could during my tenure.  Fuck everyone else.

Wed, 01/18/2012 - 19:46 | 2076330 TheSilverJournal
TheSilverJournal's picture

Yup, this debt ceiling charade this time around is a total farce considering that Obama has veto power this time.

Wed, 01/18/2012 - 19:51 | 2076347 f16hoser
f16hoser's picture

Congress still has an 11% approval rating. Of that 11%, Ron Paul accounts for 99.9% of that rating. He's the only one carrying congress on his back! KICK THE BUMS OUT!

Don't forget to make Ron Paul our next president too.

Wed, 01/18/2012 - 20:31 | 2076452 dwdollar
dwdollar's picture


Has that not been the motto for the past 30 years? The elections are rigged. They aren't leaving.

Thu, 01/19/2012 - 00:53 | 2077045 Flakmeister
Flakmeister's picture

Yeah.... take a look at whose fingers have been all over redistricting....

Wed, 01/18/2012 - 20:06 | 2076382 ebworthen
ebworthen's picture

Just like the first vote to not approve the bailouts in 2008.

Head fake.


Wed, 01/18/2012 - 20:57 | 2076506 f16hoser
f16hoser's picture

It would appear, the IRAN WAR IS BACK ON! YIPEEEEEEEE!

Carefull what you wish for 'El Presidente.....

Wed, 01/18/2012 - 21:11 | 2076540 Quinvarius
Quinvarius's picture

I guess they want the Treasury to just print the money without taking out debt.

Wed, 01/18/2012 - 22:54 | 2076799 toomanyfakecons...
toomanyfakeconservatives's picture

Andrew Jackson's Skeletal Remains For President 2012


"He killed the central banks once, he can do it again"

Thu, 01/19/2012 - 04:41 | 2077245 StychoKiller
StychoKiller's picture

"He'll cut Govt spending TO DA BONE!"

"Tired of fakes, boneheads in the White House?  Elect a REAL bonehead!"

Thu, 01/19/2012 - 08:08 | 2077353 mailll
mailll's picture

The Obama/Elite plan for 2012:

1) Get rid of any budget issues by raising the debt ceiling (kick the can down the road)

2) Keep interest rates on treasuries at a record low to make it look like we are getting free money to run the Government (which we are via the printing press)

3) Keep the stock market up for this year and make like our economy is in a recovery (Obama, may hero!)

4) And of course, doctor the economic data to make like we are in a recovery also.  So many weapons to choose from.

This is all to insure that the Elite's puppet Obama gets re-elected.  But if this plan fails, they will have their white version of Obama (no racism intended) in office by the name of Romney. 

At least we have a free choice to vote for the lesser evil.  Our task is just to determine who is of the lesser evil.

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