White House Would Consider "Couple Of Days" Extension, Short-Term Deal

Tyler Durden's picture

The latest headlines as they flash by:

  • Carney Says Obama Would Consider ‘Couple of Days’ Extension
  • Says short-term deal would give time to finish debate.
  • Carney Says Treasury Could Give Update ‘This Weekend’ on Plans

It is unclear what a few day extension would achieve, aside from a rating adowngrade but it is enough to get the headline scanning robots ramping higher again.

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lolmao500's picture

Time for the gov to sell some tungsten or some national parks to their buddies on the cheap.

gmrpeabody's picture

We're not kicking the can at all..., meerly nudging it with our toe!

TruthInSunshine's picture

We should allow Wall Street to draft Congress, with no salary caps.

The salaries paid for congressmen/congresswomen can go into the Amerika Fund, which will provide tents and gruel to Amerikans.

If Congress is already bought and paid for by Wall Street anyways, why not?

It's a thought.

Thomas's picture

Two more days of this nonsense, and I am going to slice my wrists.

StychoKiller's picture

Right idea, wrong wrists.

flattrader's picture

Just google Grand Canyon and uranium mining.

Cognitive Dissonance's picture

Sublime meet stupid.........again.

bigdumbnugly's picture

a couple of days here, a couple of days there...  next thing you know it's armaggedon already.

bugs_'s picture

its not really a debate so much as a fight

a couple days extension LOL - now they are just trying to get through the month

so the government is now in a situation like a lot of americans - month to month

i remember thinking to myself - another month...IN THE BAG - made it....next up....NEXT MONTH

HelluvaEngineer's picture

Seriously.  Perhaps they should consider a payday lender.  Or maybe they have an old Honda sitting around.


YesWeKahn's picture

They really need another 2 years to finish the debate

DonnieD's picture

I'm beginning to think this was orchestrated to take our eye off the abysmal GDP number. That seems to be a far bigger problem in the long run.

smlbizman's picture

i'm sure having harry reid calling the tea party people extremist, like a hundred times, will help...what a pussy

Blano's picture

Yeah saw that.  Reid calling someone extreme is the ultimate hypocrisy.

GeneMarchbanks's picture

Obama folds like the best of lawn chairs.

redpill's picture

Shhhh!  The band is about to start playing my favorite song...

andybev01's picture

Thankfully congress is so full of hot air that we can use them as flotation devices.

pods's picture

Just a few bucks, till I get back on my feet.  I promise I will pay you back. I am good for it.


Transitory Anomaly's picture

Short-Term Deal

Obama blinked, he decided to eat his peas.

andybev01's picture

Dude, it would be totally cool if you could front me until payday.

DosZap's picture

Man, I'm really short,family emergency, could you give me an advance on my next check?

andybev01's picture

That's one big-ass family.

Perhaps you could take a loan against your 401k?

marcusfenix's picture

just when you think DC can't possibly get any more retarded...

andybev01's picture

They have yet to reach 'full' in my opinion.

lieutenantjohnchard's picture

so he would consider an extension of a few days as if he had any choice. guess he's trying to stay relevant.

emsolý's picture

Extend and pretend is always and everywhere a banana republic phenomenon.

DavidC's picture

This is ridiculous.

Default only comes if the Treasury defaults on its interest (and any principal) payments. Most of the other Governmental outgoings are discretionary (such as Congress salaries).

As the tax revenue exceeds the interest (and principal) payments, if there is a default it is going to be an overt decision to do so.

monmick's picture

Is that a "couple of days" as in: "We will be in Libyia for a couple of days"?

pods's picture

Well, we used the pea shooter.  That was the problem.  


DonnieD's picture

This is like the 6th grader who starts his science experiment the night before it's due.

marcusfenix's picture

yeah, more like weeks after it's due, but still expects full credit for turning in an outline of a purposed science experiment that the student will most likely never really finish...

AhhhItBurns's picture

And yet expects to keep the AAA grade, even though little time, effort, or insight was put into this 'project'.

bob_dabolina's picture

Isn't this like the ECB allowing Greece to temporarily default? Whatever that means....

We have crossed the rubicon bitchez. 

We default today, but I swear, I got the money, tomorrow is the day.

lizzy36's picture

Yes it is exactly like greece.

Carney is saying Obama is all good with a "liability management exercise" for a couple of days.

bob_dabolina's picture

Sounds like Thain managing "legacy assests" if you ask me 

It's all bullshit entering my right eardrum, crossing my temporal lobe, and exiting my left eardrum. 

The level of BS is crossing the surreal dimension

GeneMarchbanks's picture

Ahhh Greece, remember Greece? Whatever happened there anyways?

oldman's picture

This is as close as  President Obama can come to copying the Turkish military and Spain's Zapateros in resigning his government.

Is this guy 'the Great Negotiator' or not?

Exactly like not having a government and, not a bad idea after all; might take some time to get used to though.

rubearish10's picture

All I could say is, how many times have we been "on the verge" of a major move to fix all this (big down)? Then, for some reason the "Big Stick Save" arrives and shuts off the spigot for the trip to The Hamptons! I mean WTFF? There was a time when all this mattered. Now, we're here only for amusement. 

carbonmutant's picture

Please save my administration....lol

ZeroAffect's picture

OK, the check is in the mail, or will be on or before Hades freezes over. 

mynhair's picture

So the relentless ramp into EOD has begun.  Please vacate the tracks, the choo-choo is a'coming.

hambone's picture

You know, I know, my dog knows that the BB put is out there...QE3 (in whatever form) is just around the corner now.  Everybody rushing to set up their nets with which to catch all the free money from the next helicopter drop.

SheepDog-One's picture

Thats what everyone totaly expects, and it wont happen.

hambone's picture

SD1 - when you suggest there will be no further QE...well you are suggesting that market discipline will be allowed to return, true mis-priced assets allowed to find true value, and deflation to run it's course.  This may be what you and I would like to see but the reality is TPTB would lose literally everything if this were to happen.  Divorce what you want (sanity, progress, etc.) from the reality of our leaders (pretend, lie, extend).

Papasmurf's picture

It's not free money, it's your savings account being distributed from helicopters.