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

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Fri, 07/29/2011 - 13:29 | 1505575 lolmao500
lolmao500's picture

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

Fri, 07/29/2011 - 13:39 | 1505641 gmrpeabody
gmrpeabody's picture

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

Fri, 07/29/2011 - 13:57 | 1505720 TruthInSunshine
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.

Fri, 07/29/2011 - 14:41 | 1505778 Thomas
Thomas's picture

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

Fri, 07/29/2011 - 23:55 | 1507232 StychoKiller
StychoKiller's picture

Right idea, wrong wrists.

Fri, 07/29/2011 - 14:23 | 1505813 flattrader
flattrader's picture

Just google Grand Canyon and uranium mining.

Fri, 07/29/2011 - 16:56 | 1506428 Buck Johnson
Buck Johnson's picture

I'll do that.

Fri, 07/29/2011 - 13:32 | 1505585 Cognitive Dissonance
Cognitive Dissonance's picture

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

Fri, 07/29/2011 - 13:40 | 1505645 carbonmutant
carbonmutant's picture

Extenze for a short term deal...

Fri, 07/29/2011 - 14:13 | 1505766 bigdumbnugly
bigdumbnugly's picture

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

Fri, 07/29/2011 - 13:32 | 1505589 bugs_
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

Fri, 07/29/2011 - 13:36 | 1505616 HelluvaEngineer
HelluvaEngineer's picture

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

http://titlemax.biz/

Fri, 07/29/2011 - 13:32 | 1505591 YesWeKahn
YesWeKahn's picture

They really need another 2 years to finish the debate

Fri, 07/29/2011 - 13:47 | 1505669 DonnieD
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.

Fri, 07/29/2011 - 13:49 | 1505683 smlbizman
smlbizman's picture

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

Fri, 07/29/2011 - 14:33 | 1505858 Blano
Blano's picture

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

Fri, 07/29/2011 - 13:33 | 1505600 GeneMarchbanks
GeneMarchbanks's picture

Obama folds like the best of lawn chairs.

Fri, 07/29/2011 - 13:36 | 1505620 andybev01
andybev01's picture

Or deck chair.

Fri, 07/29/2011 - 13:40 | 1505646 redpill
redpill's picture

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

Fri, 07/29/2011 - 13:43 | 1505662 andybev01
andybev01's picture

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

Fri, 07/29/2011 - 13:34 | 1505604 pods
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.

pods

Fri, 07/29/2011 - 13:34 | 1505608 Transitory Anomaly
Transitory Anomaly's picture

Short-Term Deal

Obama blinked, he decided to eat his peas.

Fri, 07/29/2011 - 13:35 | 1505609 andybev01
andybev01's picture

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

Fri, 07/29/2011 - 14:32 | 1505853 DosZap
DosZap's picture

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

Fri, 07/29/2011 - 18:33 | 1505867 andybev01
andybev01's picture

That's one big-ass family.

Perhaps you could take a loan against your 401k?

Fri, 07/29/2011 - 13:35 | 1505610 marcusfenix
marcusfenix's picture

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

Fri, 07/29/2011 - 13:39 | 1505643 andybev01
andybev01's picture

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

Fri, 07/29/2011 - 13:35 | 1505612 lieutenantjohnchard
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.

Fri, 07/29/2011 - 13:38 | 1505614 emsolý
emsolý's picture

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

Fri, 07/29/2011 - 13:38 | 1505625 DavidC
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.

Fri, 07/29/2011 - 13:38 | 1505626 monmick
monmick's picture

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

Fri, 07/29/2011 - 13:39 | 1505642 redpill
redpill's picture

Days not weeks!

 

Fri, 07/29/2011 - 14:53 | 1505931 pods
pods's picture

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

pods

Fri, 07/29/2011 - 13:38 | 1505627 DonnieD
DonnieD's picture

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

Fri, 07/29/2011 - 13:48 | 1505673 marcusfenix
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...

Fri, 07/29/2011 - 13:54 | 1505707 AhhhItBurns
AhhhItBurns's picture

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

Fri, 07/29/2011 - 13:41 | 1505634 bob_dabolina
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.

Fri, 07/29/2011 - 13:42 | 1505655 lizzy36
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.

Fri, 07/29/2011 - 13:50 | 1505674 bob_dabolina
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

Fri, 07/29/2011 - 14:02 | 1505733 GeneMarchbanks
GeneMarchbanks's picture

Ahhh Greece, remember Greece? Whatever happened there anyways?

Fri, 07/29/2011 - 13:39 | 1505637 oldman
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.

Fri, 07/29/2011 - 13:41 | 1505649 rubearish10
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. 

Fri, 07/29/2011 - 13:41 | 1505653 carbonmutant
carbonmutant's picture

Please save my administration....lol

Fri, 07/29/2011 - 14:00 | 1505727 ZeroAffect
ZeroAffect's picture

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

Fri, 07/29/2011 - 13:42 | 1505654 mynhair
mynhair's picture

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

Fri, 07/29/2011 - 13:48 | 1505672 SheepDog-One
SheepDog-One's picture

What need for QE?

Fri, 07/29/2011 - 13:58 | 1505723 hambone
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.

Fri, 07/29/2011 - 14:08 | 1505755 SheepDog-One
SheepDog-One's picture

Thats what everyone totaly expects, and it wont happen.

Fri, 07/29/2011 - 14:18 | 1505796 hambone
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).

Fri, 07/29/2011 - 20:00 | 1506884 Papasmurf
Papasmurf's picture

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

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