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White House Would Consider "Couple Of Days" Extension, Short-Term Deal
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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Time for the gov to sell some tungsten or some national parks to their buddies on the cheap.
We're not kicking the can at all..., meerly nudging it with our toe!
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.
Two more days of this nonsense, and I am going to slice my wrists.
Right idea, wrong wrists.
Just google Grand Canyon and uranium mining.
I'll do that.
Sublime meet stupid.........again.
Extenze for a short term deal...
a couple of days here, a couple of days there... next thing you know it's armaggedon already.
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
Seriously. Perhaps they should consider a payday lender. Or maybe they have an old Honda sitting around.
http://titlemax.biz/
They really need another 2 years to finish the debate
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.
i'm sure having harry reid calling the tea party people extremist, like a hundred times, will help...what a pussy
Yeah saw that. Reid calling someone extreme is the ultimate hypocrisy.
Obama folds like the best of lawn chairs.
Or deck chair.
Shhhh! The band is about to start playing my favorite song...
Thankfully congress is so full of hot air that we can use them as flotation devices.
Just a few bucks, till I get back on my feet. I promise I will pay you back. I am good for it.
pods
Obama blinked, he decided to eat his peas.
Dude, it would be totally cool if you could front me until payday.
Man, I'm really short,family emergency, could you give me an advance on my next check?
That's one big-ass family.
Perhaps you could take a loan against your 401k?
just when you think DC can't possibly get any more retarded...
They have yet to reach 'full' in my opinion.
so he would consider an extension of a few days as if he had any choice. guess he's trying to stay relevant.
Extend and pretend is always and everywhere a banana republic phenomenon.
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.
Is that a "couple of days" as in: "We will be in Libyia for a couple of days"?
Days not weeks!
Well, we used the pea shooter. That was the problem.
pods
This is like the 6th grader who starts his science experiment the night before it's due.
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...
And yet expects to keep the AAA grade, even though little time, effort, or insight was put into this 'project'.
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.
Yes it is exactly like greece.
Carney is saying Obama is all good with a "liability management exercise" for a couple of days.
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
Ahhh Greece, remember Greece? Whatever happened there anyways?
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.
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.
Please save my administration....lol
OK, the check is in the mail, or will be on or before Hades freezes over.
So the relentless ramp into EOD has begun. Please vacate the tracks, the choo-choo is a'coming.
What need for QE?
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.
Thats what everyone totaly expects, and it wont happen.
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).
It's not free money, it's your savings account being distributed from helicopters.
You know if I were president, as a sign of good faith I would refuse a salary and pay any benefits out of my own pocket. I would also make a huge public spectacle of the decision. Instead the current president seems to enjoy gloating about being a millionaire ... 'millionaires, like myself, don't pay enough in taxes. rich people - did I mention I'm rich - are getting off too easy. i'm a millionaire and people like me are simply not bearing the appropriate burden.'
Milton....if you are telling us the truth about your wealth....I'm 100% with you...
It's just that I cant pay tax in the US (but taking my share elsewhere)
Milton: 'millionaires, like myself, don't pay enough in taxes. rich people - did I mention I'm rich - are getting off too easy. i'm a millionaire and people like me are simply not bearing the appropriate burden.'
OK, mon. Sell all you own and give it to the poor. That might assauge the obvious guilt you're projecting in your above statment. Do it, you'll feel better in the morning.
Hey retard, he was quoting the president, he wasn't saying he was rich. Typical comment for an ignorant sheep who does not bother with details. Unfortunately for you, attention to detail is all that matters. Better head back to that read and comprehension class from second grade moron.
Hey, LoP, it was directed at POTUS. As for Milton, he didn't say in so many words he was rich, but he did say he'd refuse the salary and pay his own benefits IF he were POTUS, a noble gesture.
Yes to that one, and all of congress too, since it's obvious we're not getting our money's worth on their paychecks alone (and the rest, cheesh). And as we all know, there's that button where you can voluntarily just give the IRS any amount of money you want, no questions asked...so all these rich guys who *say* that crap, time to go push that button. You first.
Me, I'd be happy just to be able to tap their comms to get trading info off. How about they recuse themselves from the insider trading they do?
I suppose that nouveau is better than no riche, although only the insecure brag about it.
Did hthey not learn from giving Congress a Aug. 2nd date and watching them chew up every second on the clock? If you offer Congress "a couple of days" they'll take it.
Tyler has it right....its a trigger (floor) for the computers into the weekend.
I can easily spin it the other way that is is Boehner that is blinking and need more time.
(or Obama giving more rope to Boehner :-) )
Careful or they might end up like David Carradine.
Ahhh... :-) so they are playing a little kinky xxx-game here...
They do say that power is the ultimate aphrodisiac.
O'Whimpy: "I'll Gladly pay you Tuesday for a Hamburger today!"
since we can't possibly reach a deal in time, and now realize we need to, we will give ourselves a couple of extra days and pretend we are heroes. who is buying stocks on this crap?
Dunno, but am sorely tempted to jump on TMV.
Who is buying? The bots. Guranteed green close.
Is this even possible?
Would the House give a "no-strings-attached" extension for a few days?
I hope so, since it means a few more days of market deterioration and fear and disgust, before the inevitable of being back to exactly the same spot we were before the "few day extension," but what do I know?
duplicate
What does a couple of days do? Allows ObaMao to go to his birthday bash.
I will gladly pay you tuesday for a hamburger today.
You mean Uncle Sugar is gonna pay for our party this weekend?? Booyah!
O, Hell NO!!! Please stop adding extra episodes of this, PLEASE. . . my head will explode!
Default means "Never having to have to say you're sorry"...
This is more like child support (too late for sorry)
18 years and we're free and clear....till' then your wages are garnished
Carney: "The President is Considering The South Park Plan"
http://www.youtube.com/watch?v=1QWyg50K4MU
I feel all fluttery inside. It seems this will never end.
Alka-Seltzer might help that.
F it. Beer time. Dumping TNA to pay for it. $4 is good enough.
I'd be drinkin' right now but, if we close green, I'm going to vomit (and then start drinking). Not gonna waste my liquor.
Somebody drops a bomb in Washington, that will wake them up..
My tin foil hat is tingling. I'm thinking they are going to keep presenting a ton of revisions in the hopes that nobody will notice the Constitutional amendment mandating a balanced budget getting sidelined and removed altogether. They are trying to stoke so much fear that the public will demand the anything get passed; it just so happens it won't include the balanced budget amendment.
THERE'S FUCKERY AFOOT!!!
I trust the bankers and the politicians to arrive at the best possible decision regarding our economic well-being /src
He'll accept 2 weeks, and he'll also accept 6 months, because that's all that's going to pass.
republinazis and dumbocrats $300 billion... 2 weeks, priceless
WHITE HOUSE SAYS INTENT ON SOWING MAXIMUM CHAOS
WH PLAN IS TO SELL OUT ALL CRITICAL ASSETS TO CHINA AND OLIGARCHS
WHITE HOUSE BELIEVES US MIDDLE CLASS ASPIRATIONS ARE "CHARMING AND RIDICULOUS"
When the addicted start bargaining it's just about over.
Aug 3: Massive Social Security payment.
That's what a "couple of days" would buy. It would probably prevent Obama (if he chose not to honor the 8/3 checks) from having to declare martial law by about noon on 8/4, at best.
Spot on, spot on. I said almost the same thing on another OP about wha the 2 days would buy. He would be able to get out the monthy SS and such payments and then they can continue on. The last thing that Obama wants to do is to not pay the SS checks. Because if he doesn't pay them then even his democratic allies would go with whatever the Republicans want in order to get elected next year and/or not get challenged on a primary. Obama doesn't want a defection of his own party senators and house people when they see how much their constituents are demanding their money.
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Armageddon postponed few days...stay tuned
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