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Summarizing Boehner's Latest TV Appearance
Less than an hour ago, Boehner had another TV appearance discussing his proposed plan. Judging by the networks' reaction even the general population is getting exhausted with this neverending soap. So here, courtesy of Bloomberg All, are the summary points he touched on. Nothing notable except for his assumption that the plan has a chance of passing both the House and the Senate, and that the house may vote on his plan as soon as Wednesday.
House Speaker John Boehner said his two-step plan to raise U.S. debt limit and cut spending can pass both chambers of Congress, and he hopes Obama would sign it.
- Speaks after a meeting of House Republicans
- Obama has said he would veto Boehner’s plan for short-term debt ceiling increase
- Sen. Reid’s offers rival plan would extend debt ceiling to about 2013; says rating agencies have told him debt rating would not be cut under his plan
- House may vote on Boehner plan as early as tomorrow; Reid said Senate vote on his plan would come “soon”
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Sorry, but that guy should be an Assistant Manager at a Wal-Mart and not the Speaker of the House of Representatives. I can't believe that he's even in that position. He doesn't even have the basic and necessary horsepower and intellect for the job yet alone the ability to speak. Let someone else in the Republican party lead their cause.
My god...between Obama and this guy we are truly f'ed.
In all fairness, clueless asshole idiots like these two really do accurately represent the bulk of American voters.
I'm not sure I can agree with that. I think most Americans, if they can pull themselves from being blinded by the partisan weeds, can admit that there are some serious shit-for-brains in both parties. I'm talking basic intelligence.
But, to be fair, I interact with Germans every day also and the view of their own Berlin dipshits is equally nasty.
Unfortuately 90% of the voting populace is unable to meet that 'if' condition.
I have had several discussions, both online and person-to-person, with people I thought very, very intelligent. But if the conversation goes to the idea of voting for a 3rd party, any 3rd party, most will act like you spit in thier face. I mean abject, visceral hate at merely uttering the concept.
It is almost as if they literally think their favorite of the D/R party solely accomplished the causes they support, such as freeing the slaves, gave women the right to abortion, lead the civil rights efforts, etc.
And in the contrary, the party they don't like literally and soley caused the wars, created the welfare state, etc.
Pure Jiingoism in people that call other people jingoistic.
Well, there's a reason for this. Most conservative activists who are free market people will tell you that Third Party movements in this country of late have come from the Right, generally out of disgust with the AssClown GOP. Nobody in the Movement Wing of the GOP trusts the Washington party, not after the Bushtards got done with Reagan's legacy. They don't now.
Were it up the American Crossroads crowd, people like Karl Rove and Ed Gillespie, we'd have Single Payer by now. The Establishment GOP is that pathetic an outfit. Everyone hates them out in the country.
Thus, the urge to go Third Party and the invective against it by GOP people who believe that it would hand permanent majority to the Radiant Future crowd over in the Democratic Party.
Not that it matters much, I guess. It's all a banksters' oligarchy when you get down to it. The Blue/Red game is a huge scam.
You are correct in general terms but wrong to assign the 3rd party fear primarily to Republicans. The hatred towards Ralph Nader among Democrats is visceral because he is perceived to have cost Gore the 2000 election. That is the fear of the 3rd party - that they will split the vote and give the election to the other side.
Others have noted and I agree that Boehner simply can not produce enough (R) votes to pass any increase in the debt limit, so instead of saying that and working with the (D) to get the votes, he keeps on keepin on the idea that he can deliver votes in some fashion.
Of course, if he ignores his Tea Party members and goes straight to Pelosi to get the (D) votes needed, he would likely be replaced as speaker quicker than one could imagine.
He truly is stuck in a box, unless he wants to no longer be speaker of the House.
I agree with that. My take is that all republics end up being democracies. And the people do figure out they can vote to print money (Thomas Jefferson, Plato). So the mob will get together and vote themselves a higher standard of living from the backs of the minority, or from printed money.
Whether they use the Fed+banks or the constitutional right for the government to print money, it will happen anyway. So I don't see the banking system as the root cause. I see the media/psychology/advertising industries as the root cause.
cue I-Pod commercial, brought to you by Apple the company Nancy Pelosi does not want to pay taxes for very,very personal reasons.
As has been discussed by Tyler before, if you limit the boundaries in which the debate occurs, you can have a partisan battle within that small arena and have the illusion that there are choices. We have no choices except the ones afforded us by the rules of the banksters' Monopoly game. Any choice that might actually make a difference will result in not passing GO, not collecting $200, and going directly to jail. The other problem is that Americans like to stand around and watch games, whether they understand the rules or not.
The brainless elect the spineless.
EVERYBODY I talk to in Arizona tells me they vote a straight R ticket.
My family back East tells me they vote a straight D ticket.
I usually vote Perot, Nader, will probably write in Paul this time, like last time, not because I believe in them, but because they are not affiliated with the big two.
How messed up is that?
If you don't pay taxes, you don't get a vote. There is no reason people need to be voting themselves gifts with my (or anyonelses money)
If you can be on your parents healthcare plan till 26, that should be the legal age for adults, and the legal voting age.
A basic IQ test, and basic US history test should be required.
Age 26. Ugh, you make me sick.
I won't junk you because I think you are somewhat young and not used to the days where when you turned 16, you were not legally bound to go to high school and could take off and get away from your Parents who probably want you gone anyway.
My point being is that if you're not capable of taking care of your health care decisions by 26 how are you capable of making decisions regarding the future of a country?
Voting is a tremendous responsibility and if you have no self-resonsibility (for your own health of all things) how do you have the maturity to vote for people who will lead wars, handle the debt ceiling, and regulate business among many other things?
Well, I point to our Military. They put Adult Teenagers into harms way to execute the mission. A Marine Lance Corporal at 19 in charge of a few other marines at a outpost may have to make a on the fly decision that might change the world.
I believe the people are hurting very much; having been programmed by Media, Years of rather easy eating/drinking and unhealthful habits along with drug abuse etc. They also are finding it very difficult to do anything with the exception of a very lucky few whose talent or other skills shine bright enough to be taken under the wing of a strong Private Sector to be nutured.
The rest work two to three jobs a day or are stuck chasing children trying to raise them or something else important than themselves. They are tired all the time and stumble thru the waking days yearning for a nap even for a short time.
If you're any age in the military and taking on that RESPONSIBILITY you should be able to smoke, drink, vote at whatever age you enlist. Those are individuals who have responsibilty, taking care of themselves (as well as others), and defending the country. You develop a certain maturity serving in the military, a maturity that should entitle you to vote with sound reason.
Guess what buddy? Life ain't fuckin' easy, and it's not supposed to be. They can join the military (like I did many moons ago)
And maybe the person with 3 children should have been more responsible and cemented their life before bringing 3 new ones into the world. How are you going to have no savings/stable job/spouse (who can work) and start getting pregnant all the time? It's unfortunate but that's not my responsibility to pay for the bad choices of others. They're gona' have to struggle and work with the choices they made for themselves.
I have 3 young children and am joyfull they can stay on my insurance until 26. Reason being the Washington sellouts have things so fucked up, it will take years to get back to some sort of the productive country we once were if ever.
Bob anyone who lives off checks from the gubment should be banned from voting. MUCH of our present awful condition results from people voting themselves more money.
Now, try to remember the orphan, the broken worker who has invested decades of his life into hard work and the Senior who has very little to go on and faced with deterioating health and means.
Don't give me this orphan shit. Most successful people came from poor childhoods and worked hard. I think George Soros in his younger years found himself in London with $1 dollar to his name and said to himself "I can only go up from here". Rockefeller started out as clerk. Paulo Pellegrini was barely able to make his rent payments on a 1 bedroom apartment. This country used to foster an enviroment where you could be an orphan, or come from a shitty place, and have the oppourtunity to forge your own path to wealth. Now we foster an welfare mentality and get them hooked on government handouts.
If seniors don't have much than that's unfortunate, that comes down to how they lived their life. It's not my problem if someone made poor life choices, and besides that's what family and charity is for.
I agree with you part way.
One senior in particular, her Husband died early without taking care of adequate life insurance. And eventually the Senior was able to find rest in decent housing for the Elderly. Those have sprung up quite nicely in my area while many foreclosed homes rot.
America is a land where you make your own way or fail.
The Welfare Mentality can be broken if the Wages for whatever work is greater than any welfare check. Provided the worker is motivated and has a decent work enviornment to go to. Most of the unemployeds spend thier days seeking a path to save themselves and the family by thier own desire and labor. The rest who are lazy sit on the government check and feel that because they are making a killing off the Check's income weekly which is greater than any minimum wage easy-mcjob then, truly they dont deserve these checks.
The American Dream is dead and anyone who thinks that an unemployed poor person can get into the Middle Class is a joke.
The Middle Class can't even stay in their lifestyle anymore.
Once the fiat dies, then maybe the American Dream can come back to life.
Would you like to know more?*
http://www.youtube.com/watch?v=SMTz9nIUkGc
*http://en.wikipedia.org/wiki/Fascism
Mandatory military service != facism, they are two seperate concepts really. Are you suggesting that Switzerland is facist?
Do the bankers control the world?
From the Starship Troopers script:
Here in History and Moral Philosophy
we've explored the decline of
Democracy when social scientists brought
the world to the brink of chaos, and how the
veterans took control and imposed a stability
that has lasted for generations since...
You know these facts but have I taught you
anything of value ? You.
Why are only citizens allowed to vote ?
You forgot "the disabled veteran who fought for the freedom we all enjoy" and "the government social worker who raised crack babies by taking them into her home". Let's take the ones you did list:
The Orphan: well, no argument here. You can't throw orphans out into the street. But how many orphans are there anyway without any extended family to take care of them? This seems like a strawman argument.
The Broken Worker: Prior to the Great Society, workers were responsible for planning for their own retirement by either saving money while they worked or by making arrangements with younger family members to live with them when they were too old to take care of themselves. But now according to you, it's the responsbility of the State to take care of the elderly?
The Senior: Same as #2. As for deteriorating health, the rise in healthcare costs relative to inflation or GDP growth is directly tied to when government started taking a lead role in providing healthcare benefits.
You are correct, I left out the Disabled Veteran.
Regarding Family, I feel the damage to the very basic "Nuclear" Family structure within our Nation has created a great loss because the old cannot rely on Family.
My family has passed down stories of 1870 and through to today and our Family members have died in our homes under hospice care when it's time for them to go. It was all... well and good. IF you were sick, you were tended to at home. Home was a place for all things in life. And family is a very important part of that.
Today, I would rather stay home sick and let the wife use what she learned from the Medical world combined with my experience in work tending to the injured to try and get better. My family is on Facebook and we stay in touch well enough.
The Industry in the United States that allowed anyone with a High School education could go to work, do 50+ years and retire rather well if carefully done. Now that all the basic work has been shipped off shore over the decades due to some Business decision to contain costs of labor and cut employees to please the shareholders. What is a worker to do then?
When I first started, my whole family says to stay loyal, work 50 years in the same company, work your way up and someday you will run a company yourself. But all of that has collasped because the only surviving industry is either Transport, Military or Service jobs like Mcdonalds.
Now, the health care....
Some time ago, I had a bad injury to a finger. I went to ER because bleeding wont stop. 6 hours later, they got it stopped. But the bill from that visit was about 1100 dollars. From the ER, the hospital, the lab, the testing facility, the nurse, the doctor, the triage, then the medical supplies consumed in your care along with the drugs etc etc etc.
Never again will I go to a ER with a small boo boo. I would patch it and have my family doc do it for cash on the spot paid in full.
Health care has no one to blame but themselves. You can fix a car by replacing a Alternator for about 200 dollars and a 40 dollar computer exam. But when you try to scan a human being with a MRI machine costing 15,000 dollars for a one hour ride plus a potential 100,000+ Dollar surgery to fix the boo boo and then days or weeks of hospital stay followed by PT and so forth and so on.
THAT breaks familiys by bankrupting them. Never mind the insurance. Never mind the employer. We need to get the costs down and somehow roll all that bloated over priced crap OUT and re introduce basic care as done in the 60's
I find it interesting that there was NO health care crisis before the enactment of Medicare/Medicaid. The US Govt has been SUBSIDIZING DEMAND for health care, which is driving up costs -- Economics 101.
for a certain segment of the gubment check population a drug test might be appropriate...we could perhaps cull the number of gubment checks that way.
They can't run a tax code to properly distribute some wealth to the truly needy, or make the wealthy pay even what the middle class does.
Instituting fitness tests for welfare is orders of magnitutde beyond thier capability. Specificially, if you are a hedge fund trader making $5 million per year and you use coke and hookers (drud+std test) you get taxed at 35%. IF you are a clean living trader you get to keep you 10% tax rate.
The only way out of this thing is Flat, slightly progressive income tax. No deductions of any kind. Welfare is freely given, but is subject like to everything else to consumption taxes based on the food, shelter, water, medical treatment origin points.
Wisefool (how appropriate!) sez:
Please feel free to volunteer your FRNs for this purpose, but STOP VOLUNTEERING EVERYONE ELSE (with the help of Big Brother's gun(s)!)
Hey, don't slur the stoners. There are plenty of people who, even after burning some rope, are more cogent thinkers than the idiots in DC. To descend to the cognitive level of Bhoaner, Reid, Obama, et al., requires gasoline huffing at the very least.
... u don't want Boehner or Cantor to vote?
Bachman??
OK, Pailn then?
OK, Reid then?
I can see the history test now.
Q In 1913, what act was passed to ensure the strength of the US monetary system.
In the late 1700's, only adult, white, property owners were allowed to vote.
A quick primer on voting rights throughout US history:
http://www.infoplease.com/timelines/voting.html
You realize how quickly the banksters and Washington Pols would get hold of such a system, pervert Heinlein, and turn it into "everyone serves in the Mobile Infantry to get the Franchise AND a driver's license"?
Please. Imperialism never dies.
bob_dabolina
Vote up! 7 Vote down! -5
If you don't pay taxes, you don't get a vote. There is no reason people need to be voting themselves gifts with my (or anyonelses money) ...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Agreed and voted up; not everyone, however, seems to agree.
My guess is they don't pay taxes ...
Vote me down blood suckers ...
.
We'll miss you.
America’s voting patterns are on track to turn over most of the nation’s resources to non-taxpayers. In another decade, property owners and small businessmen will have no voice in the election of their representatives – because vast waves of low-information voters can literally vote themselves special perks, guaranteed incomes and even special privileges.
All that’s necessary for political candidates is their promise to deliver from the Treasury.
On the way to this crisis, both political parties treat the politics game like a sporting event, ever severe in their attacks on each other but once candidates arrive at the legislatures and the Congress, they are united in delivering their support to their two constituencies: the mobs of uninformed Americans who voted them into office, and the central bankers who provided them with the fiat money to pay off those voters in order to keep the Banker Establishment in power.
The property ownership and tax requirements established by the Founders for the right to vote were eliminated as voter qualifications in1850…and the deterioration has extended to where today poll watchers become counselors to help minority voters who do not speak English with their voting choices.
“It will be easier for you if you just vote the straight party ticket,” one poll watcher was telling a non-English speaker voting in the booth next to me in the last election.
The point is, if it isn’t changed, it’s all over – the non payers will take it all.
I could care less what happens in Germany (I deal with those assholes on a weekly basis - note - are they drunk most of the time?), the Tan Man and Oblather would make a perfect dance couple at the Short Bus Academy Prom.
I would say I hate the leadership here in the US if there were any.
And the bulk of assistant managers at Wal-Mart
Sorry Boilermaker all I could make of your post was 'Blah blah Republicrats blah blah Demicans'....something wrong with this new UI looks like unintelligible gibberish to me?
Are you using Firefox?
AWESOME.
But don't give this goddamn mouthpeice the codes to the Store Vault. Keep him away from it at all costs. Have him go walk the shelves and make sure the workers are staying on thier feet and not sitting down on the job.
TO: Boilermaker Tue 7/26/2011 11:03
check this out; this occurred back in the day of newt and the hammer when dude was still a lowly bagman............
http://www.examiner.com/progressive-in-charlotte/did-john-boehner-really-pass-out-tobacco-bribe-checks-on-the-house-floor
this, by the way, is posted solely as information and is not an affirmation of either yomama or any other democrat
So what would YOU do - vs. what's been proposed?
As was pointed out today, these supposed "cuts" are actually proposed against a background of increasing spending - in other words, the don't appear to be cuts - they appear to be a reduction in the SLOPE of the debt.
Obama: must have his tax increase and must have his debt ceiling extended so as to not interfere with his campaign.
Congress: wants a balanced budget amendment; they dropped that; agreed to what the Prez wanted (2 year ceiling extension) - but not taxes and substantive "cuts."
==========
Here's what I propose:
a) 3 years to roll back to pre-Obama spending levels - real cuts NOW, not out in the future (which effectively completely skews any real discussion of the cuts).
b) debt ceiling extended for 12 months pending specific goals on spending cuts; if not met, ceiling not extended.
c) tax increases on incomes > $750k (avoid taxing small business) - pre-Bush tax cut levels, where damage is least likely to impact jobs
> gives Obama a tax increase
> extends with strings attached; a MUST as I don't trust the Prez whatsoever. This gives him incentive to collaborate in order to remove 'deadlock' in the middle of his campaign.
----------
What is your plan?
Default. It's the same as you getting a Mastercard bill for $100,000,000. Cutting coupons ain't going to get it nor is setting the AC on 80F.
The problem with all of this garbage theater is that the basic mathematics already put us in default. Functionally, we ARE in default because we are paying back borrowed dollars with more borrowed dollars.
The debt can not be repayed. Period. End of the story. The same applies for the EU and Japan.
The reset button has to be pushed. Why the hell wait?
I say default too as explained by Boilermaker.
Reset it all, all the way down to the individual.
We should come out of the ashes and destruction in better shape than if we keep going down this overspent path.
Default does not resolve the $1.5 trillion a year deficit, unless you are implying that default means an immediate balanced budget.
I'm saying that continuing to senselessly pay out $30,000,0000,0000 a month in interest isn't helpful when you are hopelessly shoveling shit up a hill.
Default is not the problem; default is the solution.
Any discussion of "shared sacrifice" that does not include debt restructuring is no discussion at all.
Debt restructuring plays right into the banksters game of "Bailout."
Better would be Debt Repudiation!
Boner gets a bad rap. He is not eloquent or cool, but he does truly care about this country and our future.
I happen to believe that when he tears it up, it is because he knows our true circumstance. We're fucked!
This is further confirmed by a friend who made a recent trip to DC and met with one of our Senators. The meeting was very somber and he basically told my friend to stay strong in the coming months.
What is happening now must transpire, but it ain't gonna be fun.
I am The Chief
Well, I'll tell you one thing. If he uses that god damn story of sweeping floors in his dad's neighborhood watering hole as some sort of badge-of-courage I'm going to vomit. Also, please stop trying to equate being a 'small business owner', as if that's something remarkable, to being a legislature in the US Congress. I mean, seriously, just f'ing stop it already. We got it. You're a real 'home town' and 'salt of the earth no non-sense straight shooting SOB'.
His yes vote on NAFTA, yes vote on TARP, yes vote on NCLB, yes vote on PATRIOT Act, yes vote on previous debt ceilings, and handing out tobacco lobbyist checks on the floor of the house during a tobacco vote say otherwise. He only appears to be concerned now because the president is from the other side of The Party and people are stupid enough to fall for his act.
Absolutely right. And there are people who are getting it. Just saw this on Mish's site - the link here is the YouTube one.
http://www.youtube.com/watch?v=8SGyVNippvA
"....Judging by the networks' reaction even the general population is getting exhausted with this neverending soap....."
This is the sentence of the day.
They can do 6 weeks of Casey Anthony but cannot stand 6 days of Drama from DC day and night. What a bunch of WUSSIES!
Just have Reid murder one of them Wall St hookers I keep hearing about and THEN we got a real show for the american sheeple!
TO: sheepdog-one tue 7/26/2011 11:06
"Just have Reid murder one of them Wall St hookers I keep hearing about and THEN we got a real show for the american sheeple!"
how about an anna chapman tell all instead..................
http://articles.nydailynews.com/2010-07-05/local/27069073_1_spy-ring-russian-film-premieres
http://en.wikipedia.org/wiki/Anna_Chapman
Pretty hot spy hooker, even in a mugshot!
Did anyone else notice that her father was KGB and was stationed in Kenya?
I am The Chief
Awesome!
Let the Conspiracy Theorists begin!
Alex! Calling Alex Jones! Web Tarpley! Yo! Come and get it!
That'll be the new Casey Anthony or whatever her name is/was!
Did they execute her yet?
Will they show it live on TV.
Next at 6, "Live Death"
Stay tuned, but first a word from out sponsor, United Healthcare
Back to the Starship Troopers meme:
A CRIMINAL stands before a FEDERAL COURT
OFFICIAL VOICE
A murderer was captured and tried today.
Sentence: DEATH.
Tonight at six, all net, all channels.
Would you like to know more ?
The media forced 6 weeks of Casey Anthony on the public. I don't think most people cared about it. But the media salivated over it.
There would be more public interest if you could package it as professional wrestling, something like "WWE Capitol Invertebrate Smackdown".
I believe this is how they wear down the opposition (in the general population) on both sides of the argument. They then expect capitulation. On top of that, most people have an attention span limited to one hour of American Idolatry on TV. Many just do not like to do any critical thinking.
I think I might invest in some traditional tail risk today. Certainly better than investing in tail risk at the bar down the street.
OK so 'the plan' has a chance of passing, but then meets certain veto. So what?
Yea real tired of this clownshow where our 'representatives' take me for an idiot. I hope when congress is all gathered there for their show vote, a meteor the size of a city bus smashes into it dead center.
Just like the Surgeon burning out the tumor site after removal.
We can find 535 good replacements out of 300 mil.
Definitely. Hell I'd have no problem with selecting random names out of phone books to replace them all, GUARANTEED we'd be far better off than we are today with this nest of rats.
I can't imagine Obama having the balls to veto. Just like using the 14th Ammendment.
This is the same guy who is so gun shy that he refuses to even lay out a plan of his own.
I cannot imagine toothy grin man had the balls to spend all the money in the entire free world (Figuratively speaking)
Now here we are.
And the damn Prez is even babbling something along the lines of "If I was a Dictator..." while facing events that he has done prior to today that can be Impeachable. Add the use of 14th Amendment to that list.
What he lacks, imo, is the balls to stand up for and take responsibility for much of anything. Especially with everybody watching.
Present
The dirty little secret is that both plans use the CBO baseline FOR REVENUES, and those presume vibrant growth with low/no inflation and low interest rates as far as the eye can see.
If we uncork a GDP recession in Q3 or 4 of this year and FY2012 arrives with something like 1% GDP, these numbers will all disintegrate.
IT'S EASY-CHEASY JUST: <<< END THE FED >>>
No one likes to look at DEMOCRACY, it tends to be messy and at the end of the day there must be a loser.
The reason why they constantly appear on television like that is so the American people start to talk about it, and the propoaganda machine did it's best to learn them that if it doesn't go through, Armgeddon happens and so will their easy lives.
People don't care about what happens in 4 to 5 years.
Problems have always been solved. They all believe this one will be solved to.
Just give the government the tools they ask for... a blanc cheque...
4 to 5 years?
Make that 4 or 5 days when they finally get the new month's payments.
Exactly, immediately after some 'plan' gets rammed up our collective kornholes, it will immediately be devoured and right to 'countdown' time ticking clock to the cliff edge again. Who are they fooling here?
No, I think the reason they appear so much is that it is an arms race of sorts. Boehner learned from the Clinton-Gingrich experience that he has to match Obama speech for speech. They want to wear people down to the point of exhaustion so neither side will control the debate.
So Reid said the rating agencies told him they wouldn't downgrade the US if they passed his plan? That must be a joke.
Reid says, Reid Says... Reid says....
Goddamn it I don't care what Reid Says.
The Rating Agencies will Downgrade if they must. Never you mind that wrinkled old dried out Tenderfoot Reid.
Reid's plan that has found trillions in savings from wars ending....well nevermind wars wildly ramping up on 6 fronts, soon to be 8 when Syria and Iran are invaded next. In some alternate universe, all this makes sense.
They played the same old tired song of savings the day the berlin wall fell... only to find themselves having to pack up and transport the 7th Corps out of Europe into Iraq to fight.
I don't think the next war will allow us 6 months to build up. Christ, all Saddam had to do is steamroll the Airborne and keep going into Saudi and he would own it all.
Did he get it in writing?
Does he know Rand Paul has promished to filibuster any bill which attempts to raise the ceiling without an immediate (no accounting gimmicks) $500B cut to the 2012 budget?
How will he stop this filibuster with only 53 votes?
Should have passed cut, cap and balance when he had a chance. I'd advise another vote on it. Passed the house handily and it does adddress the debt problem without accounting gimmicks by limiting government spending it to a fixed fraction of GDP. It only failed 51-46. Just need 5 dems to switch their vote so they don't lose their jobs in the next election cycle.
For those of you holding significant physical PM's, I join you in your default prayers. Obama is now our Silver & Gold poster child!!!
US has already defaulted. Dagong Rating Agency: "The US Has Already Defaulted" | zero hedge
Thank you. But I am a fresh virgin PM trader making my own way. Either way, they cannot wish away or make the bullion disappear. They can make the US Dollar in Paper go away, but never bullion.
Obama wants to hand the blank check off to Ben so he can run the dollar into the endzone
Blythe I wish theyd stop playing footsie, hand over as many blank checks as they can and run the last play of the Stuporbowl already! I mean, theres no way out, so just go all in all at once, enough game playing! We're broke, theres no way out...like a bad relationship why keep pretending?
Instant classic..............."The Crying Game'
Hear hear: now the decisions of the mighty U.S. of A. depends on the benign consensus of some private entity subject to the same laws of the US themselves?
It sounds like the Godfather reloaded...
-"Don Fitch, sorry to trouble you during your after-meal rest, I hadn't if it wasn't very important for us all to have your wise advice... You know all this situation about debt ceiling and so on... all fellows are arguing and they can't find a solution, you know, this could affect the "businèss"... Wouldn't you mind if we were to extend the ceiling to about 2013?"
-"And you are disturbing me because of that? We'll see. I have to think about it, it might be possible, but it must be spoken toghether in the Family, you know...The Family is the appropriate seat to discuss such things: the Family is all... you will know my answer soon"
-"Of Course, naturalmente, the Family, yes... thank you Don Fitch... may I say that possibly... maybe...?"
-"Possibly... maybe... is not yet a "yes", you know..."
-"Oh thank you Don Fitch! allow me to kiss your hand, you are so good to us! Smack! Smack!"
-"Eech! Please! You are slobbering on my hand! Salvatore! SALVATORE! please Salvatore attend the senator and take him to the door..."
-"Nevermind Don Fitch, not worth the trouble, I know the way... thank you, thank you!"
-"Remember, it's not "yes" yet!"
-"I know, thank you... thank you..."
(Senator exits the door on the notes of the "Godfather" theme)...
Lets see, we're broke and in great danger of default and downgrades, but if we spend a bunch more then we're OK till 2013. Yea right!
This is the greek receipt so far, after all, isn't it?
It will just be the same as Greece a couple weeks ago, 1 day of euphoria when they 'solved it', until it was back to bankruptcy and default the next day. Now its such a mess theyre not even talking about it anymore.
1-The fact that the "rating agencies" may have met with harry reid, on the phone or in person, further obviates the need for rating agencies in the future. If they go to guys like reid, they are not necessary, and haven't any real value.
2-How is it that these retards even hold office? Answer: Idiot Americans who don't do the most basic of tasks asked of them by their country-BE INVOLVED. Sitting idly by, while the commie fucksticks take over our country visa vis, the unions, and the DNC is astounding.
3-if we default, we will no longer be able to rampantly borrow from everyone who has some dough-thus forcing our country's leadership to actually work. This will obviate career politicians, as there won't be anything in it for them anymore. the lobbyists will not ply them with free real estate(harry reid), contracts for their husbands(nancy piglosi), etc. This will chase away the organized criminals currently holding seats on capitol hill, and make way for bright eyed idealists, who believe in the constitution, and who actually want to make a difference for Americans, not just for their mother effing personal bank accounts.
We are at the same point where Rome was when it burned. We have no means by which to support the taxpayer paid largess to the masses. Adults need to take over our government, and jail all the fuckers who have been robbing us blind-that goes for both parties-and nearly everyone on capitol hill, and all those who have served in the past, who are still above ground.
Screw these asshats-take away their personal gravy trains, and they won't play politics with the future of America. And when we take them out-the muslims will think twice about fucking with us too-as adults would never allow the borders to be wide open, the massive influx of islamofascists funded by the taxpayers, and would never allow such shit-all-stupid expenditures as taxpayers paying for refurbishment of mosques around the globe-which you and I are now paying for, thanks to barry and hillary.
Time to take it back-and that starts with firing all these assholes and starting from scratch. I think the framers would call that a "Revolution". I call it adults taking back control of the playground. This starts with cleaning out the "rating agencies" and their political agenda. Stop making their word the last word, and we will never have the MBS/CDS problems we have now, again in the future. When I used to handle the bond issues of the mortgage banks I ran, I couldn't beleive these retards at the rating agencies gave us AAA ratings, as our borrowers were all rats-total and complete rats, who like the D's in power, spent money they didn't have, and expected someone to bail them out.
Grow up America-and stop taking the bullshit of the politicians laying down.......by the way ZH staff and leadership-thank you for always telling the truth here. I regularly shut lefties up, when I prove their ignorance, by referencing facts culled from this site.
Hugh Jorgan
Chairman of the PAC: Fuck Washington And The Gifted Ferrari It Drove In On
The 'rating agencies' have now ascended to the position of top govt economic advisors, do as we say or else we'll do this or that....who the hell gave these supposed 'accountants' the keys to the kingdom?
What really wonders me is that absolutely nobody in the world of political institution eventually stands up shouting them on the face "you are just much talk and a badge"... It would be so easy.
Can't disagree with your complaints Hugh... too bad the solutions are simple minded trite that will make things much worse... another "usefull idiot" being played by the corporate controlled TP.
Take the corporate money (all of it... hard and soft) out of the political process (yes a "socialized" political process) and all else falls into place over time.
Minor historical nitpick. Rome burned during the time of Nero when the Roman Empire was close to its zenith. It didn't start to decline for over 100 years afterwards. The rumor was Nero himself set the fire to clear off space for a new palace.
"How a US Default can Hurt you" is all I see in the headlines. Why doesn't some reporter (if they have the balls) write a story:
"How a US Default can Help you"
Seems like Ron Paul is The Only one with objectivity....with balls.
Pulau, I agree and am now on my US Default high horse galloping into Washington with guns a-blazing...
What I heard from the Prez last night was: "It's Bush's fault, I'm a victim, what about my reelection, we have to maintain the spending, the rich aren't paying their fair share, we need to be reasonable."
They are so scared that cutting spending will contract the economy and increase unemployment and tank their reelection effort that they will do almost anything to get their hands on more money. They couldn't care less about the long term, it is only about the next 18 months or so and then let the chips fall where they may.
Its like Steve Wynn just said, its the uncertainty thats killing people like him. No one knows whats coming next, so no one is using THEIR money to make moves. Now lots of people are using OTHER peoples money to do things, but no ones putting up their own cash to grow. Uncertainty and lack of direction is the real killer.
They are scared because they know we are f**ked if we cut up the credit cards. Govt borrowing and spending accounts for how much of the fake "recovery" we're currently having? 10% GDP? 15%?
Our economic prosperity has been fake for decades. We've been bankrupt since the Texas oil fields started running dry. All we have now is ever-larger debt bubbles.
Put in Bullworth for President,
the name of the game is contribute to my eleciton, suckers,
the ones make me listen pay my 30 second spots.
let me hear ya say: it......SOCIALISM
Bullworth got it right spot on.
http://www.youtube.com/watch?v=dV_49xlZ07Q&feature=related
now that white boy can rap.......see it through and keep your money
deep 6 with the NY Banks....suckers.
just..stop...talking
This is all just to delay to take it up to the midnite 'emergency hour' where it will all be mashed together last minute, pass by 1 vote....same old blah blah.
But bottom line, this is guaranteed to fall short of pleasing anyone including Wall St, and wait till the general public sees what got shaved off their benefits checks in the middle of the nite.
Yea, the commenters here are so right about Boehner. What silly thing did he say: "Washington's idea of compromise: We spend more, you pay more". How could he say something so dishonest. And all this talk about the US debt causing a crisis....pure nonsense.
Here is president Obama's 3 step smart solution:
1. I know shit's bad.
2. Don't care.
3. Going on vacation.
Boana the Moaner.
Will someone tell that insufferable bore Boana to put a freekin sock in it!
Aww damn it. Now it's going to stick in my head. I rather hear a young woman squeal and yell in pleasure instead of some overweight unfit crybaby trying to kiss the feet of those who hold his job in their hand.
u'r going to get him all teary eyed talking like that... actually, I feel for him... he's a reluctant TP puppet (he knows it's wrong to hold the country hostage for political gain but has no choice)
NuYawkFrankie (Total Score:0)
Voted up = x Voted down = -1
Boana the Moaner.
Will someone tell that insufferable bore Boana to put a freekin sock in it!
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Voted DOWN.
And the other danger is the overuse of the Television during prime time to talk to the United States, while preempting "Price is Right" or some other useful show.... over use of that will dull the American people past caring...
One day we will get hit with strikes and need the Television to organize the Nation to war as we did in 9-11 but today, default is a problem yes.... but the failures of our Leadership and the blah blah blah on teevee is far more damaging and wasteful.
Boehner has the upper hand and he knows it.
Bhoaner stands erect in the face of Obama.
+1
We sure do live in interesting times.
Less than an hour ago, Boehner had another TV appearance discussing his proposed plan. Judging by the networks' reaction even the general population is getting exhausted with this neverending soap. – Tyler
Boy, when the networks get upset, it’s time to quit arguing and just sell out.
JR
Less than an hour ago, Boehner had another TV appearance discussing his proposed plan. Judging by the networks' reaction even the general population is getting exhausted with this neverending soap. – Tyler
Boy, when the networks get upset, it’s time to quit arguing and just sell out.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
'Usual' network attempt to 'vote you down'; since they can't really manage an argument they become 'hens' - then they "hen peck" ... a 'reaction' rather than a cerebral, mindful response ...
.
It now develops that broadcast media has only two approaches: entertainment circuses and banker-financed propaganda.
The circuses, appealing to the “I couldn’t care less” crowd, have pulled a once high standard culture into the depths of degradation and mockery of every serious value that made America the model for community and social cohesion.
The banker agenda was never more apparent than when cornered in this most recent debt limit news cycle. Over and over the President has been given free media access to threaten Americans with loss of entitlement checks or complete destruction of their assets.
If unlimited spending is not allowed, the President just can’t guarantee stability…
Television talking heads have painted raising the debt ceiling as simple justice for keeping Americans at their jobs; not raising the limit is bordering on criminal irresponsibility.
And all the while Bernanke continues to debase the currency…. And destroy the nation...
You know, everyone seems to be getting on Boner's case, but its a tough job and its not always filled by the brightest bulb in the box. Ours is an imperfect system, but less imperfect than all others. Our only problem is how our rulering elite have altered the Constitution and our laws over the years, allowing them to buy Corruption DC. I say give Boner a chance, let's see what he comes up with. If he can come reasonably close and get something past, let Obama veto it. It's all temporary anyway because the shit is going to hit the fan no matter what. So fuck it, get off the man's back. Let him breath and do his thing. Remember, it can always get worse and probably will.
Boehner's resolve stiffens as Boehner stands firmly opposed to Obama's position.
Wait - is that a Dick joke?
I tried to get in to talk to my representative but they said he was on the phone discussing the debt problems:
http://1.bp.blogspot.com/_LHIWTmYm8Nc/Swnah_Ca32I/AAAAAAAAAHs/D8o87FnJd3...
I caught Senator Rand Paul talking on the radio this morning and he pointed out an important fact. We all must remember that any cuts mentioned by the President or congressional leaders are taken from a baseline budget. Now we plain speaking folks think a cut is a cut. You cut $3 from an amount and you end up with $3 less, right? Not in Washington, DC. The baseline budget being used in Washington, DC as we speak calls for +$10 trillion increase over ten years. So the if the Boehner plan, for instance, calls for $3 trillion in cuts what we actually talking about is cutting $3 trillion from a $10 trillion increase. Or, putting it another way, they are cutting a $10 trillion increase to a $7 trillion increase. So a $3 trillion cut is actually a $7 trillion increase.
http://paul.senate.gov/?p=press_release&id=258
Just so they can cheat you; their purpose is to cheat you, their purpose is not to represent you.
But he's our orange lush.
Channeling Howard Beale
http://www.youtube.com/watch?v=8SGyVNippvA
Thanks, Uncle Remus. "Are You Kidding Me?" shouldn’t be missed. As “just the average guy part of a small business” says about Boehner et al. from the White House down to the Congress: "You can pick a fight but can you pick a solution…? You clowns keep this up and I can guarantee you…the American public is going to stand up and say we’re not going to take it any more…”
Will they vote for Republican fluffity fluff or Democratic floofity floof? Oh the suspense is unbearable.
Or perhaps the weak TEA.
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