August 03, 2011
— Ace To quote Princess Leia, "When you came in here, did you have a plan for getting out?"
And Moody's says that a downgrade is coming unless this ludicrous situation is corrected. They want it down to 73% by 2015.
It was just 32.5%
US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.
The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.
Obama's claim is always that this is Bush's fault.
Let's stipulate big chunks of it are Bush's fault.
But Obama did not run on a platform of "Bush's Third Term."
He ran on a platform of correcting Bush's mistake.
Instead, he's compounded them, tripled them.
Posted by: Ace at
04:36 PM
| Comments (198)
Post contains 193 words, total size 1 kb.
Posted by: t-bird at August 03, 2011 04:40 PM (FcR7P)
Bad times are on the way, and soon. Find a safe place and hunker down.
Posted by: mongo78 at August 03, 2011 04:41 PM (2b46R)
Posted by: buzzion at August 03, 2011 04:42 PM (oVQFe)
Most likely the government borrowed it from the fed by selling the fed T-Bills. IOW they simply printed the money and called it a loan.
The road to collapse is shorter now.
Posted by: Vic at August 03, 2011 04:43 PM (M9Ie6)
Posted by: Jack at August 03, 2011 04:43 PM (8IAHO)
Posted by: t-bird at August 03, 2011 04:44 PM (FcR7P)
Posted by: Truman North at August 03, 2011 04:44 PM (K2wpv)
Posted by: steevy at August 03, 2011 04:44 PM (zSEO5)
Posted by: Old grizzled gym coach at August 03, 2011 04:44 PM (QBQcg)
. They want it down to 73% by 2015
Since the only thing growing is the debt I don't think Moody's is going to get it's wish.
Posted by: robtr at August 03, 2011 04:44 PM (MtwBb)
Posted by: Nighthawk at August 03, 2011 04:45 PM (s72Lo)
Posted by: 80sBaby at August 03, 2011 04:46 PM (o2lIv)
Posted by: t-bird at August 03, 2011 08:40 PM (FcR7P)
He loves RUNNING for president, being fellated by his adoring fans for spouting his inanities He just doesn't like BEING president, where results matter.
It's the infantilization of America - Like Barbie: "Math is HARD!"
Posted by: Ombudsman at August 03, 2011 04:46 PM (AxHOT)
Posted by: Countrysquire at August 03, 2011 04:46 PM (dZNcD)
Posted by: steevy at August 03, 2011 04:46 PM (zSEO5)
Posted by: izoneguy at August 03, 2011 04:48 PM (i6Neb)
Posted by: 80sBaby at August 03, 2011 04:48 PM (o2lIv)
Well... on the bright side... I left weights more than guys in prison now because of the stress... So I'm right on that Mad Max schedule.
Posted by: William at August 03, 2011 04:48 PM (77TeU)
I'm going to my happy place.
Posted by: fluffy at August 03, 2011 04:49 PM (SwkdU)
Posted by: Ombudsman at August 03, 2011 04:50 PM (AxHOT)
Posted by: izoneguy at August 03, 2011 08:48 PM (i6Neb)
Posted by: Hrothgar at August 03, 2011 04:50 PM (yrGif)
On the off chance that you're not a hit 'n' run troll, got a link?
Posted by: fluffy at August 03, 2011 04:50 PM (SwkdU)
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 04:50 PM (c0A3e)
So......on debt of $14.6T, we'll pay off $4T of debt principal in 4 years?
So we're going to cut Fedzilla by 75% a year between now and then.
Damn, I want what they're smoking. That's they only way to make it through the biblical shitstorm headed our way is to...........experience the shitstorm.........through a haze.
Cool.
Posted by: theadmiral at August 03, 2011 04:52 PM (fGbHT)
Posted by: steevy at August 03, 2011 04:54 PM (zSEO5)
Posted by: Ben at August 03, 2011 04:54 PM (DKV43)
Well... on the bright side... I left weights more than guys in prison now because of the stress... So I'm right on that Mad Max schedule.
Posted by: William at August 03, 2011 08:48 PM (77TeU)
Ask around. See if you can find Lord Humongous ... he's got some chaps and masks and assorted athletic equipment and shit.
Posted by: eastvalleyphx at August 03, 2011 04:54 PM (qiOph)
Joe Biden would knock it over reaching for the pickle relish.
Posted by: Circa (Insert Year Here) at August 03, 2011 04:54 PM (7utQ2)
What I learned at Harvard is that if you just say it in the right way it can actually happen. We just have to keep trying harder.
Posted by: Barack Obama at August 03, 2011 04:54 PM (8IAHO)
Posted by: Barack Ping Putter at August 03, 2011 04:55 PM (jCpU2)
And I want Mila Kunis and a Porsche 911 GT3.
Posted by: Waterhouse at August 03, 2011 04:55 PM (P57Q4)
Statistically more people survive if they think
only of themselves
Do not attempt to rescue friends, relatives, loved ones
You have only a few seconds to escape
Use those seconds sensibly or you will inevitably die
Think only of yourself
Think only of yourself
Do not panic
Think only of yourself
Think only of yourself
Posted by: toby928™ at August 03, 2011 04:56 PM (GTbGH)
ThereÂ’s a man goinÂ’ Â’round takinÂ’ names.
AnÂ’ he decides who to free and who to blame.
Everybody wonÂ’t be treated all the same.
ThereÂ’ll be a golden ladder reaching down.
When the man comes around.
The hairs on your arm will stand up.
At the terror in each sip and in each sup.
For you partake of that last offered cup,
Or disappear into the potterÂ’s ground.
When the man comes around.
Hear the trumpets, hear the pipers.
One hundred million angels singinÂ’.
Multitudes are marching to the big kettle drum.
Voices callinÂ’, voices cryinÂ’.
Some are born anÂ’ some are dyinÂ’.
ItÂ’s AlphaÂ’s and OmegaÂ’s Kingdom come.
And the whirlwind is in the thorn tree.
The virgins are all trimming their wicks.
The whirlwind is in the thorn tree.
ItÂ’s hard for thee to kick against the pricks.
Till Armageddon, no Shalam, no Shalom.
Then the father hen will call his chickens home.
The wise men will bow down before the throne.
And at his feet theyÂ’ll cast their golden crown.
When the man comes around.
Whoever is unjust, let him be unjust still.
Whoever is righteous, let him be righteous still.
Whoever is filthy, let him be filthy still.
Listen to the words long written down, When the man comes around.
Hear the trumpets, hear the pipers.
One hundred million angels singinÂ’.
Multitudes are marchinÂ’ to the big kettle drum.
Voices callinÂ’, voices cryinÂ’.
Some are born anÂ’ some are dyinÂ’.
ItÂ’s AlphaÂ’s and OmegaÂ’s Kingdom come.
And the whirlwind is in the thorn tree.
The virgins are all trimming their wicks.
The whirlwind is in the thorn tree.
ItÂ’s hard for thee to kick against the pricks.
In measured hundredweight and penny pound.
When the man comes around.
And I looked and behold: a pale horse.
And his name, that sat on him, was Death.
And Hell followed with him.
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 04:57 PM (c0A3e)
Posted by: steevy at August 03, 2011 04:57 PM (zSEO5)
Posted by: Bill Maher at August 03, 2011 04:57 PM (8IAHO)
Your only protection is flight
If you are less than ten years old
Remain in your shelter and use your cocoon
Remember - you can help no one else
You can help no one else
You can help no one else
Do not panic
Think only of yourself
Think only of yourself
Think only of yourself
Think only of yourself
Think only of yourself
Posted by: toby928™ at August 03, 2011 04:58 PM (GTbGH)
Posted by: t-bird at August 03, 2011 04:58 PM (FcR7P)
Cloward/Piven and all that.
Posted by: Sgt. York at August 03, 2011 04:59 PM (DwEmX)
This jump is no surprise.
Posted by: GnuBreed at August 03, 2011 04:59 PM (ENKCw)
Beaten, why for?
Can't take much more (herewego, herewego herewego now)
One!
Nothing wrong with me
Two!
Nothing wrong with me
Three!
Nothing wrong with me
Four!
Nothing wrong with me!
One!
Something's got to give
Two!
Something's got to give
Three!
Something's got to give
NOW!
Let the bodies hit the floor
Let the bodies hit the floor
Let the bodies hit the floor...
Let the bodies hit the floor
Let the bodies hit the floor
Let the bodies hit the floor...
Now...! Now...! Now...!
Posted by: toby928™ at August 03, 2011 05:00 PM (GTbGH)
Posted by: USA at August 03, 2011 05:01 PM (6Cjut)
You would have to implement immediate entitlement reform and cuts to other parts of mandatory.
Posted by: 80sBaby at August 03, 2011 05:01 PM (o2lIv)
http://tinyurl.com/3uepa8b
Look at 2005 then 2006 then 2007. Notice anything? The deficit goes down by about $100 billion every year. I don't see the raw data, but according to that trend, there would have been no deficit by 2009.
But the 2008 budget is really the first one crafted by the new Democrat Congress. And guess what? See how that bar just shoots downward?
Just for laughs, from Politico, 2/22/09:
Obama vows to cut huge deficit in half
Posted by: AmishDude at August 03, 2011 05:02 PM (73tyQ)
Posted by: Matt at August 03, 2011 05:02 PM (Ou5cA)
Posted by: J.J. Sefton at August 03, 2011 05:02 PM (UlUS4)
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 08:59 PM (c0A3e)
You know the difference between a Porsche 911 and a porcupine?
A porcupine has the pricks on the outside.
Posted by: robtr at August 03, 2011 05:03 PM (MtwBb)
Posted by: Paul at August 03, 2011 05:03 PM (DsHk0)
HAHAHA...what a kidder
Posted by: beedubya at August 03, 2011 05:03 PM (AnTyA)
In the immortal words of Rock Master Scott:
The roof! The roof! The roof is on fire!
We don't need no water, let the motherf**ker burn!
Burn Motherf**ker, Burn.
Posted by: toby928™ at August 03, 2011 05:03 PM (GTbGH)
Posted by: steevy at August 03, 2011 05:03 PM (zSEO5)
Posted by: Biblio at August 03, 2011 05:03 PM (LNe4F)
Step1: Spend all the money
Step2: ???
Step3: Profit!
Posted by: Barack Obama at August 03, 2011 05:04 PM (FBr/C)
Posted by: J.J. Sefton at August 03, 2011 05:04 PM (UlUS4)
As I decree, it shall be!
Posted by: Prezident Golfs-a-Lot at August 03, 2011 05:04 PM (z63Tr)
Posted by: USA at August 03, 2011 05:04 PM (6Cjut)
Posted by: J.J. Sefton at August 03, 2011 05:05 PM (UlUS4)
Posted by: Nighthawk at August 03, 2011 05:05 PM (s72Lo)
Posted by: YIKES! at August 03, 2011 05:05 PM (Esyhr)
But Obama did not run on a platform of "Bush's Third Term."
He ran on a platform of correcting Bush's mistake.
Instead, he's compounded them, tripled them.
The way I like to put it...
Everything Bush did right? Yeah, Obama's bringing big change to that.
The stuff Bush f'ed up? Obama's plan is pushing the gas pedal and seeing how fast this car can go.
Posted by: 18-1 at August 03, 2011 05:05 PM (FBr/C)
Posted by: The Camel's Back at August 03, 2011 05:06 PM (KbEJl)
As I decree, it shall be!
Posted by: Prezident Golfs-a-Lot at August 03, 2011 09:04 PM (z63Tr)
Do you have a few minutes?
Posted by: King Canute at August 03, 2011 05:06 PM (FBr/C)
Posted by: J.J. Sefton at August 03, 2011 05:06 PM (UlUS4)
The Tea Party has recklessly diminished the power and reach of the United States.
Is Cohen so dense to believe that other countries aren't completely more aware of the current monetary situation than the average American ? Putin was bashing Americans just the other day as "parasites," and he isn't too far off the truth.
This debt problem isn't just a domestic problem. The continued running up of the debt and monetary tricks with the dollar is as bad for foreign relations as any "Ugly American" policy of the past.
Posted by: Islamic Rage Boy at August 03, 2011 05:06 PM (e8kgV)
Posted by: Lauren at August 03, 2011 05:06 PM (oOs0p)
Remember also that crossbows don't need to be reloaded.
Longbows are also an essential part of your arsenal.
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 05:06 PM (c0A3e)
Posted by: t-bird at August 03, 2011 05:06 PM (FcR7P)
Posted by: mpfs, Cereal Tea Party Terrorist at August 03, 2011 05:07 PM (3TjSM)
Posted by: YIKES! at August 03, 2011 09:05 PM (Esyhr)
Absolutely not! We'll have a fresh new bumbling asshole for you all to try out.
Posted by: The DNC at August 03, 2011 05:07 PM (73tyQ)
Posted by: steevy at August 03, 2011 05:07 PM (zSEO5)
Oblahblah is like that vapid, popular kid who ran for class president just for the title on a bunch of ridiculous promises he could never fulfill. As the school year has progressed, the idiots that voted him in are finally coming to the realization that they are still doing homework, they still have to take tests, their grades are still the same, the school day is still the same length, and the food in the cafeteria still sucks.
They also come to the realization that the nerdy, unpopular kid would have actually made a better president even though he didn't promise them all kinds of crap. He would have actually gone to all the meetings, helping with all the fundraising, and they would actually be having a prom. Instead, the class president took the money that was suppose to be used for a downpayment on the prom venue and blew it on keggers (which only the popular kids were invited to).
Thanks a lot you 52% mofos, thanks a lot!
Posted by: runningrn at August 03, 2011 05:07 PM (jfHyQ)
Posted by: Lauren at August 03, 2011 09:06 PM (oOs0p)
Got it.
Posted by: eastvalleyphx at August 03, 2011 05:08 PM (qiOph)
"This is your last chance to protect yourself from Dollar weakening (and perhaps Dollar destruction) by merely saving your money in the right form. No premiums attached! Just go to the bank and exchange whatever Dollars and cents you have for nickels. They will give you 100% of your money back in nickel form without taking a cut.
Go to any bank right now and hand them $100 and ask for nickels. The teller will gleefully give you back about $135 in metal (as of this writing). We suggest you do this as regularly as you can."
http://preview.tinyurl.com/3znybp4Posted by: Lizbth at August 03, 2011 05:08 PM (JZBti)
Good enough. And lighten up, Francis.
Posted by: fluffy at August 03, 2011 05:08 PM (SwkdU)
Posted by: Spendy Spencer McSpenderson, Democrat Party Animal at August 03, 2011 05:08 PM (hbAPu)
Posted by: J.J. Sefton at August 03, 2011 05:08 PM (UlUS4)
Posted by: Gregory of Yardalre at August 03, 2011 05:09 PM (azHfB)
By infinitesimally reducing the rate of growth of the federal behemoth?
Posted by: 18-1 at August 03, 2011 05:09 PM (FBr/C)
Posted by: Comrade Arthur at August 03, 2011 05:09 PM (/62i9)
Posted by: Nighthawk at August 03, 2011 05:09 PM (s72Lo)
Posted by: steevy at August 03, 2011 05:10 PM (zSEO5)
Posted by: Comrade Arthur at August 03, 2011 05:10 PM (/62i9)
Posted by: steevy at August 03, 2011 05:11 PM (zSEO5)
Posted by: Lauren at August 03, 2011 09:06 PM (oOs0p)
I heard the third living being say, ‘Come!’ And I looked up and saw a black horse, and its rider was holding a pair of scales in his hand. And a voice from among the four living beings said, ‘A loaf of wheat bread or three loaves of barley for a day’s pay. And don’t waste the olive oil and wine.’”
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 05:11 PM (c0A3e)
Posted by: steevy at August 03, 2011 05:11 PM (zSEO5)
Posted by: Minuteman at August 03, 2011 05:11 PM (hbAPu)
Obama's claim is always that this is Bush's fault.
Let's stipulate big chunks of it are Bush's fault.
But Obama did not run on a platform of "Bush's Third Term."
He ran on a platform of correcting Bush's mistake.
Instead, he's compounded them, tripled them.
This is the argument that I've been using on my libtard friends/family/acquaintances since almost day 1 of Zero's term. The response has evolved from "give him time" to "Bush was worse than we thought" to "Well, you didn't complain when Bush did it" to "Shut up, racist". Cognitive Dissonance doesn't begin to describe the O-bot mind, they are in full-blown Bizzaro world mode.
Posted by: Damn Sockpuppet at August 03, 2011 05:12 PM (jn3w5)
Posted by: 18-1 at August 03, 2011 05:12 PM (FBr/C)
Technically we're still slightly below 100%. They're using the 2010 GDP number. Barring a recession were at $15 trillion.
zerohedge
/pedant
Posted by: weft cut-loop at August 03, 2011 05:12 PM (DEcmU)
Posted by: BuddyPC at August 03, 2011 05:12 PM (N/Bgb)
New Democrat Slogan: "If we balance the budget, then the terrorists win."
The "terrorists" that even Barry refuses to negotiate with.
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 05:12 PM (c0A3e)
Posted by: SantaRosaStan,TIT ( terrorist-in-training ) at August 03, 2011 05:13 PM (UqKQV)
Posted by: dogfish at August 03, 2011 05:13 PM (r8dGE)
Posted by: steevy at August 03, 2011 05:13 PM (zSEO5)
I love that one. Somehow the left has written the rightwing revolt against the Republicans for Shamnesty and Medicare Part D out of the history books.
Posted by: 18-1 at August 03, 2011 05:13 PM (FBr/C)
...but then the fuckstick jets off to a birthday party for himself at a cost of a few mil to the taxpayers.
He really is a dick.
Posted by: beedubya at August 03, 2011 05:13 PM (AnTyA)
After you work on reading comprehension, spend 20 minutes on your "Getting Over Yourself" workbook.
Posted by: fluffy at August 03, 2011 05:13 PM (SwkdU)
Posted by: USA at August 03, 2011 05:13 PM (6Cjut)
Posted by: SantaRosaStan,TIT ( terrorist-in-training ) at August 03, 2011 09:13 PM (UqKQV)
What did you do with CAC?
Posted by: robtr at August 03, 2011 05:15 PM (MtwBb)
Posted by: steevy at August 03, 2011 05:15 PM (zSEO5)
From hope and fear set free,
We thank with brief thanksgiving
Whatever gods may be
That no man lives for ever;
That dead men rise up never;
That even the weariest river
Winds somewhere safe to sea.
--AC/DC
( I lied; it's Charles Algernon Swinburne )
Posted by: SantaRosaStan,TIT ( terrorist-in-training ) at August 03, 2011 05:15 PM (UqKQV)
By the way, I think that the "borrowing 100% of GDP" phrasing obfuscates what is going on.
I think it is clearer this way:
We are spending double what we are bringing in.
We are making $50,000/year and spending $100,000/year.
Posted by: dan-O at August 03, 2011 05:15 PM (xn/Dw)
Posted by: Lauren at August 03, 2011 05:16 PM (oOs0p)
@3: "Find a safe place and hunker down."
Revolutionary suicide, baby. Only way to escape it. I was just ahead of my time.
Posted by: Zombie Rev. Jim Jones at August 03, 2011 05:16 PM (xy9wk)
I got this email from my neighbor today. He is a Korean War Vet, a former Marine, and one of the Chosin Few:
These are all the programs that the new Republican House has proposed cutting. Corporation for Public Broadcasting Subsidy. $445 million annual savings. Save America 's Treasures Program. $25 million annual savings. International Fund for Ireland . $17 million annual savings. Legal Services Corporation. $420 million annual savings. National Endowment for the Arts. $167.5 million annual savings. National Endowment for the Humanities. $167.5 million annual savings. Hope VI Program.. $250 million annual savings. Amtrak Subsidies. $1.565 billion annual savings. Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually. U.S. Trade Development Agency. $55 million annual savings. Woodrow Wilson Center Subsidy. $20 million annual savings. Cut in half funding for congressional printing and binding. $47 million annual savings. John C. Stennis Center Subsidy. $430,000 annual savings. Community Development Fund. $4.5 billion annual savings. Heritage Area Grants and Statutory Aid. $24 million annual savings. Cut Federal Travel Budget in Half. $7.5 billion annual savings. Trim Federal Vehicle Budget by 20%. $600 million annual savings. Essential Air Service. $150 million annual savings. Technology Innovation Program. $70 million annual savings. Manufacturing Extension Partnership (MEP) Program. $125 million annual savings. Department of Energy Grants to States for Weatherization. $530 million annual savings. Beach Replenishment. $95 million annual savings. New Starts Transit. $2 billion annual savings. Exchange Programs for Alaska Natives, Native Hawaiians, and Their Historical Trading Partners in Massachusetts . $9 million annual savings. What the hell is this anywayÂ…? Intercity and High Speed Rail Grants. $2.5 billion annual savings. Title X Family Planning. $318 million annual savings. Appalachian Regional Commission. $76 million annual savings. Economic Development Administration. $293 million annual savings. Programs under the National and Community Services Act. $1.15 billion annual savings. Applied Research at Department of Energy. $1.27 billion annual savings. FreedomCAR and Fuel Partnership. $200 million annual savings. Energy Star Program. $52 million annual savings. Economic Assistance to Egypt . $250 million annually. U.S. Agency for International Development. $1.39 billion annual savings. General Assistance to District of Columbia . $210 million annual savings. Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings. Presidential Campaign Fund. $775 million savings over ten years. No funding for federal office space acquisition. $864 million annual savings. End prohibitions on competitive sourcing of government services. Repeal the Davis-Bacon Act. More than $1 billion annually. IRS Direct Deposit: Require the IRS to deposit fees for services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing payments to remain as part of its budget. $1.8 billion savings over ten years. Require collection of unpaid taxes by federal employees. $1 billion total savings. What the Hell! Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years. Sell excess federal properties the government does not make use of. $15 billion total savings. Eliminate Mohair Subsidies. $1 million annual savings. Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings. Eliminate Market Access Program. $200 million annual savings. USDA Sugar Program. $14 million annual savings. Subsidy to Organisation for Economic Co-operation and Development (OECD).$93 million annual savings. Eliminate the National Organic Certification Cost-Share Program. $56.2 million annual savings. Eliminate fund for Obamacare administrative costs. $900 million savings. Ready to Learn TV Program. $27 million savings. Eliminate death gratuity for Members of Congress. HUD Ph.D. Program. Deficit Reduction Check-Off Act TOTAL SAVINGS: $2.5 Trillion over Ten Year My question, what THE Devil is all this doing in the budget in the first placeÂ…? Is there anything listed you cannot do withoutÂ…?Posted by: runningrn at August 03, 2011 05:16 PM (jfHyQ)
What did you do with CAC?
Posted by: robtr at August 03, 2011 09:15 PM (MtwBb)
basement--except there are no basements in L.A.
no more questions......
Posted by: SantaRosaStan,TIT ( terrorist-in-training ) at August 03, 2011 05:17 PM (UqKQV)
I never accepted the premise that not raising the debt ceiling would lead to catastrophe. I looked at it as the same kind of self serving prediction that got us the TARP. We'll never know will we?
But we will see default regardless. When the bills come due.
How do you repay all the borrowing when it would take all of the GDP? How do you stop hyperinflation when the interest on all of the borrowed money goes up? We're looking at an event not unlike a lump of Uranium 235 going supercritical.
Posted by: Minuteman at August 03, 2011 05:17 PM (hbAPu)
Posted by: eastvalleyphx at August 03, 2011 05:17 PM (qiOph)
Posted by: Guy Fawkes at August 03, 2011 05:18 PM (0f7gD)
I was talking with my uncle during the Senate vote yesterday, he's in his 70's, not very political, Marine, He was someone I talked with before deciding to take the "Oath / Affirmation of Renunciation of Nationality of United States" to make sure a broke US government couldn't come after me even though I was living abroad and finding some rule in 2800 plus pages that gave them the power to economically rape me. Which, he understood.
Honestly, I told him yesterday I'll be so relieved when the final paperwork came through. It was a desperate act to cut myself off from this insanity (and the future insanity) but with each freaking day, I'm more and more anxious for that paper to arrive. I never thought the United States would be in this position.
Posted by: Stateless Infidel at August 03, 2011 05:18 PM (GKQDR)
Posted by: Countrysquire at August 03, 2011 05:18 PM (ukzs0)
Posted by: USA at August 03, 2011 05:18 PM (6Cjut)
I love that one. Somehow the left has written the rightwing revolt against the Republicans for Shamnesty and Medicare Part D out of the history books.
Posted by: 18-1 at August 03, 2011 09:13 PM (FBr/C)
That's bigtime projection. You see, they have to worship their leaders. We don't. We liked Bush personally and figured he was better than the alternative, but that's where it stopped.
Obama has to be Brilliant Technocrat Alpha #1 for this whole liberal/progressive project to work.
Posted by: The DNC at August 03, 2011 05:18 PM (73tyQ)
Posted by: runningrn at August 03, 2011 09:16 PM (jfHyQ)
You're not taking my Mohair subsidies rn. You have to learn your limitations.
Posted by: robtr at August 03, 2011 05:18 PM (MtwBb)
None of this well ever be fixed. The politicians are busy stashing stashing away their fortunes, so they will survive when the end comes. Petty bureaucrats and functionaries will hide behind their security fences and rent-a-cops; the rich will do the same. The rest of us will fight over the last few cans of tuna fish.
It's been a lovely fucking war.
Posted by: Jones at August 03, 2011 05:18 PM (8sCoq)
Posted by: Nighthawk at August 03, 2011 05:19 PM (s72Lo)
Posted by: Dick_Nixon at August 03, 2011 05:20 PM (QiudF)
@18: "Remember that girl in that movie with John Holmes? Yeah, we're her."
We should be so lucky as to be her - that was voluntary.
Posted by: Abner Louima at August 03, 2011 05:20 PM (xy9wk)
Posted by: AmishDude at August 03, 2011 05:20 PM (73tyQ)
Posted by: runningrn at August 03, 2011 09:16 PM (jfHyQ)
Holy font and list size, Batman! But your point is well (and sadly) taken.
Was this an e-mail forward?
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 05:20 PM (c0A3e)
But in your calculations for the next President, calculate debt with the entire new limit increase used up-- Barry ain't leavin' no pennies unspent.
Posted by: nickless at August 03, 2011 05:21 PM (MMC8r)
And joy was never sure;
Today will die tomorrow;
Time stoops to no man's lure;
And love, grown faint and fretful,
With lips but half regretful
Sighs, and with eyes forgetful
Weeps that no loves endure.
Posted by: SantaRosaStan, aka Algernon at August 03, 2011 05:21 PM (UqKQV)
This jump is no surprise.
I agree. We were already close to 97% (or perhaps higher?) without factoring-in the shenanigans.
Posted by: 80sBaby at August 03, 2011 05:21 PM (o2lIv)
130 That hurt my eyes.
Sorry about that, but it's hurting your wallet more. (It didn't format that way when I copied it--there were spaces between each thing, it's just the way pixy popped it out on the other side).
You're not taking my Mohair subsidies rn. You have to learn your limitations.
I guess we'll be prying them out of your dead, cold hands then! How are you doing robtr? Are you enjoying the last couple of weeks of summer we finally had?
Posted by: runningrn at August 03, 2011 05:22 PM (jfHyQ)
We should be so lucky as to be her - that was voluntary.
Posted by: Abner Louima at August 03, 2011 09:20 PM (xy9wkAND she got paid for it. We're actually paying John for the privilege of getting boned.
Posted by: eastvalleyphx at August 03, 2011 05:22 PM (qiOph)
Posted by: izoneguy at August 03, 2011 08:48 PM
If there was any justice in the world, or if anyone in Congress had the slightest semblance of Dangling Courage Units, in 2016 Osama Obama will be wearing an orange jumpsuit and doing time -- lots of time -- at some nasty federal SuperMax.
I doubt President Historic First© would get the maximum penalty for treason, but he has earned a lifetime behind bars for destroying the country.
His co-conspirators should be doing likewise. All 500-plus of them.
Posted by: MrScribbler at August 03, 2011 05:22 PM (YjjrR)
We are making $50,000/year and spending $100,000/year.
Posted by: dan-O at August 03, 2011 09:15 PM (xn/Dw)
PARTY!!!!! Like, my dad will pick up the bill man.
Posted by: Your Average Democrat at August 03, 2011 05:22 PM (FBr/C)
Here's a nightmare for ya....Obama loses in 2012 but comes back in 2016 and wins.
You know what's funny? It's his erstwhile base who will prevent that.
Posted by: arhooley at August 03, 2011 05:23 PM (j85aA)
Posted by: Jones at August 03, 2011 05:23 PM (8sCoq)
Posted by: Jones at August 03, 2011 09:23 PM (8sCoq)
And I get to be a Senator!
Posted by: Sarah Jessica Parker at August 03, 2011 05:24 PM (FBr/C)
PARTY!!!!! Like, my dad will pick up the bill man.
Posted by: Your Average Democrat at August 03, 2011 09:22 PM (FBr/C)
Nuh uh ... YOUR dad will pick up the bill, man. Mine's on welfare.
Posted by: Your Average Democrat at August 03, 2011 05:24 PM (qiOph)
Here is an outstanding citizen of Seattle who is running for the school board this year. His name is David Blomstrom. Quite a guy huh?
An economic train wreck, endless war, our latest fascist pResident, environmental ruin - from the Gulf Coast oil spill to JapanÂ’s ongoing nuclear meltdown to the genetically modified food Bill Gates so adores...where will it all end? Can we fight back?Hell yes!
You roll up your sleeves and start fighting in your backyard. ItÂ’s called grassroots reform or, if youÂ’re really serious, revolution.
Children need to be protected from the Gates Foundation, First AME Church, King County Demopublicans, military recruiters seeking unemployed idiots to help rape, torture and murder Muslims and steal their natural resources, and an army of other corporate scum. And even if you donÂ’t care about children, do you want the Seattle School District to continue embezzling and wasting millions of dollars? Do you care about your property taxes?
Freedom fighters in Iraqistan have committed suicide in protecting their children from the trailer park trash and sex predators who find a safe haven in the U.S. military. So why canÂ’t Seattleites take a stand against the corporate predators that run Seattle and its increasingly privatized public schools?
I worked for the Seattle School District for sixteen years and have been a political activist since 1995. IÂ’ve run for public office before; IÂ’m the only candidate who snubs endorsement interviews with the corporate media, which include the Seattle Weekly and The Stranger.
Politics may be sleazy, but it can also be intriguing, even entertaining. If you like whodunits, detective stories and conspiracy theory - or if youÂ’re just looking for simple facts about Seattle Schools, Inc. - check out my campaign at www.seattle-mafia.org. Remember: Knowledge is power.
In solidarity with the left-wing visionaries who are transforming Latin America, Greek protesters, and the freedom fighters sticking it to Team USA in Iraqistan and Libya, viva la revolucion!
Posted by: robtr at August 03, 2011 05:25 PM (MtwBb)
Maybe it's better to blow my Retirement Savings Wad on a house, then watch as people start wiping their noses and asses with dollar bills
a house with many guns and cans of food.......
Posted by: SantaRosaStan, w/ lips but half regretful at August 03, 2011 05:25 PM (UqKQV)
i'm reasonably sure that's against the Constitution, which means yeah, why not
Posted by: Jones at August 03, 2011 05:25 PM (8sCoq)
Wait. So we run out of money again in 10 days?
Posted by: kansas at August 03, 2011 05:25 PM (A+g5T)
I love that one. Somehow the left has written the rightwing revolt against the Republicans for Shamnesty and Medicare Part D out of the history books.
As well as the rejection of Harriet Meiers (?) for SCOTUS, among other things. They seem to think that we were as enthralled with Bush as they are with Zero. Most of the time, especially in his 2nd term, I supported Bush only because of the level of insanity that the left brought against him.
Posted by: Damn Sockpuppet at August 03, 2011 05:25 PM (jn3w5)
15457The jump probably came from paying intra-government loans back. Geithner has been raiding other accounts like the Federal Employees Pension Fund (a name like this anyhoo) for dough to keep under the debt limit cap. We've actually been at the cap since early May.
This jump is no surprise.
You're right, I think.
usdebtclock is where it always was. I check it often. They had two clocks, one tracking where we were with the debt limit and the main one tracking the US National Debt which is almost at $14.57 Trillion. Only $14.298 Trillion of the debt was subject to the debt ceiling.
Our external debt to GDP ratio there hasn't hit 100% yet.
Posted by: Stateless Infidel at August 03, 2011 05:26 PM (GKQDR)
Posted by: Sarah Jessica Parker at August 03, 2011 09:24 PM (FBr/C)
What are the nays?
Posted by: Kratos (Ghost of Sparta) at August 03, 2011 05:26 PM (c0A3e)
Projection. They always invest super powers in their leaders.
Posted by: AmishDude at August 03, 2011 05:26 PM (73tyQ)
Posted by: steevy at August 03, 2011 05:27 PM (zSEO5)
Give me back my broken night
my mirrored room, my secret life
it's lonely here,
there's no one left to torture
Give me absolute control
over every living soul
And lie beside me, baby,
that's an order!
Give me crack and careless sex
Take the only tree that's left
and stuff it up the hole
in your culture
Give me back the Berlin Wall
give me Stalin and St Paul
I've seen the future, brother:
it is murder.
Things are going to slide, slide in all directions
Won't be nothing
Nothing you can measure anymore
The blizzard, the blizzard of the world
has crossed the threshold
and it has overturned
the order of the soul
When they said REPENT REPENT
I wonder what they meant
When they said REPENT REPENT
I wonder what they meant
When they said REPENT REPENT
I wonder what they meant
You don't know me from the wind
you never will, you never did
I'm the little Jew
who wrote the Bible
I've seen the nations rise and fall
I've heard their stories, heard them all
but love's the only engine of survival
Your servant here, he has been told
to say it clear, to say it cold:
It's over, it ain't going any further
And now the wheels of heaven stop
you feel the devil's riding crop
Get ready for the future:
it is murder
Things are going to slide ...
There'll be the breaking of the ancient
western code
Your private life will suddenly explode
There'll be phantoms
There'll be fires on the road
and the white man dancing
You'll see your woman
hanging upside down
her features covered by her fallen gown
and all the lousy little poets
coming round
tryin' to sound like Charlie Manson
and the white man dancin'
Give me back the Berlin Wall
Give me Stalin and St Paul
Give me Christ
or give me Hiroshima
Destroy another fetus now
We don't like children anyhow
I've seen the future, baby:
it is murder
Things are going to slide ...
When they said REPENT REPENT ...
Posted by: butch at August 03, 2011 05:28 PM (UIbD4)
Posted by: Ed at August 03, 2011 05:28 PM (LejjT)
Was this an e-mail forward?
Yes, it was from my awesome neighbor. I'm sure he's glad he got horrible frostbite and lost some toes (and he still has pain/numbness from) and a severe hearing loss from manning a tank at the Chosin Reservoir during the Korean War. I bet he's glad he sacrificed so that robtr can have his mohair subsidies and the programs for native Hawaiians and Alaskans and their historical trading partners in MA. Oh, and pray tell, what is the Hope VI Program? Is that a new Obama thing?
Posted by: runningrn at August 03, 2011 05:28 PM (jfHyQ)
the Civil War was caused by uncontrolled immigration and fought by midgets.
Posted by: SantaRosaStan, w/ lips but half regretful at August 03, 2011 05:28 PM (UqKQV)
Bush's approval ratings, which they were sooooo in love with citing, included losing a large portion of his base. He would have stayed in the 30s if he'd kept his base, but they don't want to think about that.
And the Democrats wouldn't have taken Congress in 2006 if not for dissatisfied R voters staying home.
Posted by: nickless at August 03, 2011 05:31 PM (MMC8r)
In solidarity with the left-wing visionaries who are transforming Latin America, Greek protesters, and the freedom fighters sticking it to Team USA in Iraqistan and Libya, viva la revolucion!
Wow! He sounds like a full on nutter. That means he is electable in Seattle! (Although his attack on the AME church is racist!)
Posted by: runningrn at August 03, 2011 05:32 PM (jfHyQ)
2015???
Yep, it's coming all right - on the back of a turtle.
Posted by: Blacque Jacques Shellacque at August 03, 2011 05:38 PM (UF15p)
Posted by: Merovign, Dark Lord of the Sith at August 03, 2011 05:42 PM (bxiXv)
You might want to look up the First Rule of Shovels...
Posted by: Additional Blond Agent at August 03, 2011 05:42 PM (uehxp)
Posted by: Dick_Nixon at August 03, 2011 05:43 PM (QiudF)
Posted by: Merovign, Dark Lord of the Sith at August 03, 2011 05:44 PM (bxiXv)
Posted by: Moe Szyslak at August 03, 2011 05:49 PM (+kznc)
Posted by: Rich at August 03, 2011 05:54 PM (PqctR)
Posted by: Rich at August 03, 2011 05:54 PM (PqctR)
They knew there would be riots as soon as any significant cuts would come? Unions would send their goons out to burn down banks and crap?
or are they all believe in Unicorns and something special would happen to save us all?
Posted by: willow at August 03, 2011 05:56 PM (h+qn8)
Posted by: willow at August 03, 2011 05:59 PM (h+qn8)
Detroit is the model, they're still following it in Chicago, LA, etc. It's taking longer than expected in NY because of Giuliani.
There are accidents. This isn't one of them.
Posted by: Merovign, Dark Lord of the Sith at August 03, 2011 09:42 PM (bxiXv)
just in case you read this.
So will we be sold off to the highest bidder? or has that already happened?
Posted by: willow at August 03, 2011 06:01 PM (h+qn8)
This instant jump in the debt was caused by unwinding all the accounting tricks masking the increase in debt since they nominally hit the ceiling on May 16th.
From May 16th to Aug 1, debt subject to limit stayed constant at $14.293975T, just $25M of the limit. However, normal borrowing via T auctions continued as normal. They were hiding that increase in debt simply by employing accounting tricks with the civil service retirment funds (which is allowed by law), which amounted to swapping debt that counted toward the limit for debt that did not. We called them "IOU^2", that is, IOUs for IOUs.
Now the ceiling was raised, they unwound all those tricks and the true debt becomes visible. The Aug 2 deadline came from when those accounting tricks would run out.
Posted by: publius(NotBreitbartPublius) at August 03, 2011 06:08 PM (VVB18)
Posted by: rockmom at August 03, 2011 06:08 PM (lSyyU)
Posted by: Moe Szyslak at August 03, 2011 06:10 PM (+kznc)
Posted by: rockmom at August 03, 2011 06:12 PM (lSyyU)
Posted by: x11b1p at August 03, 2011 06:30 PM (nVLlM)
Posted by: rockmom at August 03, 2011 06:31 PM (lSyyU)
Posted by: rockmom at August 03, 2011 06:36 PM (lSyyU)
Well... on the bright side... I left weights more than guys in prison now because of the stress... So I'm right on that Mad Max schedule.
Posted by: William at August 03, 2011 08:48 PM (77TeU)
Ask around. See if you can find Lord Humongous ... he's got some chaps and masks and assorted athletic equipment and shit.
Posted by: eastvalleyphx at August 03, 2011 08:54 PM (qiOph)
You rang?
Of course I am ready to go. Even have the revolver just to complete the look. Let's do this!
Posted by: Lord Humungus Wasteland Jihadi at August 03, 2011 06:45 PM (Yv6gq)
Posted by: The Gentlemen’s Hour Audiobook at August 03, 2011 06:58 PM (5sfx4)
But Obama did not run on a platform of "Bush's Third Term."
He ran on a platform of correcting Bush's mistake.
No, Obama ran on a platform of "I'm black, and if you vote against me, you're racist. And when I win, if you criticize me, you're racist. Also, I want to thank John McCain for his utter lack of spine when confronted with the question, 'Do you really want to be remembered as the man who defeated the first black candidate?' His spinelessness, I mean, maverick nature, allowed him to continue to appear on all his favorite talk shows. Oh, and you owe me money. Racist."
Posted by: BeckoningChasm at August 03, 2011 08:03 PM (/zYUh)
Posted by: Brendan at August 03, 2011 08:17 PM (2jQGY)
Posted by: Jordan at August 04, 2011 07:52 AM (4z6KA)
Posted by: Jimmy Choo at August 04, 2011 06:47 PM (ms78E)
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Posted by: Jack at August 03, 2011 04:40 PM (8IAHO)