The little dicks in Washington ruined my couple of days of Zen…..and the best they could do is the deal we have now……….
The Grand Deal has been done! (Coming to Reality TV near you)…….
“Now, is this the deal I would have preferred? No,” Obama said. “But this compromise does make a serious down payment on the deficit reduction we need, and gives each party a strong incentive to get a balanced plan done before the end of the year.”
The still-unreleased legislation would slice more than $2 trillion from federal spending over a decade and permit the nation’s $14.3 trillion borrowing cap to rise by up to $2.4 trillion, enough to keep the government afloat through the 2012 elections — a key objective for Obama, whose poll numbers have sagged as the summertime crisis dragged on.
Both parties in Washington have joined hands and come up with a deal that will save America from itself……funny how that worked, huh? And just in time for the Asian markets to open….go figure! It took months upon months to come up with this deal……and the rest of the deal needs to be worked out……..and this is the best they could do…….they caved!
It sounds like a deal that was offered up back in April (I believe)……..basically it is the cut, cap and balance that I wrote about for the last couple of days…..and guess what? They will have a committee to study what and where to cut in the future……(what a blowjob)………that is what they do….they have committees to study things and while they study the middle class disappears……and the super committee for the study has already been done! It is called the Simpson-Bowles. Why do we need another one?
What do you want me to say? This whole deal making process is a fraud….that is right….I said FRAUD!
…..the debate surrounding the debt ceiling, spending cuts and the like is nothing more than smoke and mirrors. There is no real debate going on as it is just staged theatre between two factions of a one party system. There is zero difference between both the Republican and Democrat parties as for decades they have continued supporting this phony monetary system that has bankrupted the nation and made the American people debt slaves. As a sovereign entity the United States Treasury could simply issue its own currency free from the burden of debt or interest payments and use that to pay off its debts. Abraham Lincoln did this by financing the Civil War through the issuance of Greenbacks. To reiterate, a sovereign entity does not need to borrow from the Federal Reserve or any other lending institution when it can issue its own currency. The fact that not one politican or one media pundit has brought up this fact shows that nobody is interested in truly resolving this crisis and are only interested in continuing the status quo.
This was a manufactured crisis…..and it takes a sick mind to do so…..and slip it to the middle class….yet again!
Remember priorities have been protected! And YOU are NOT one of those priorities!
Addendum: On word of the deal stocks jumped and gold fell……see priorities protected! That is what this charade was all about the whole time……happy now?
They’re all crooked bastards. Woodgates most recent post, which I believe you commented on, is very related to this. Especially the part about the stocks……….
Morning Terrance…not only are they crooks but cowards too. this is the biggest pile of crap in years…..
Bob Greenstein had to say about that proposal :
The first round of cuts under the Boehner plan would hit discretionary programs hard through austere discretionary caps that Congress will struggle to meet; discretionary cuts thus will largely or entirely be off the table when it comes to achieving the further $1.8 trillion in budget reductions. As Speaker Boehner’s documents make clear, virtually all of the $1.8 trillion would need to come from cuts in entitlement programs. (Cuts in entitlement spending totaling more than $1.5 trillion would produce sufficient interest savings to achieve $1.8 trillion in total savings.)
To secure $1.5 trillion in entitlement savings over the next ten years would require draconian policy changes. Policymakers would essentially have three choices: 1) cut Social Security and Medicare benefits heavily for current retirees, something that all budget plans from both parties…have ruled out; 2) repeal the Affordable Care Act’s coverage expansions while retaining its measures that cut Medicare payments and raise tax revenues, even though Republicans seek to repeal many of those measures as well; or 3) eviscerate the safety net for low-income children, parents, senior citizens, and people with disabilities. There is no other plausible way to get $1.5 trillion in entitlement cuts in the next ten years.
Just thought you would like to know….
A new CNN poll finds that 77% of respondents said lawmakers who have dealt with the debt ceiling have acted like spoiled children. Just 17% believe the politicians have acted like responsible adults.
The poll also found that 52% of Americans say they are opposed to the deal while 44% are in favor of it.