'Super Congress': Debt Ceiling Negotiators Aim To Create New Legislative Body

[Ares]

WASHINGTON -- Debt ceiling negotiators think they've hit on a solution to address the debt ceiling impasse and the public's unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.

This "Super Congress," composed of members of both chambers and both parties, isn't mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers -- six from each chamber and six from each party.

Legislation approved by the Super Congress -- which some on Capitol Hill are calling the "super committee" -- would then be fast-tracked through both chambers, where it couldn't be amended by simple, regular lawmakers, who'd have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process.

House Speaker John Boehner (R-Ohio) has made a Super Congress a central part of his last-minute proposal, multiple news reports and people familiar with his plan say. A picture of Boehner's proposal began to come into focus Saturday evening: The debt ceiling would be raised for a short-term period and coupled with an equal dollar figure of cuts, somewhere in the vicinity of a trillion dollars over ten years. A second increase in the debt ceiling would be tied to the creation of a Super Congress that would be required to find a minimum amount of spending cuts. Because the the elevated panel would need at least one Democratic vote, it would be presumably include at least some revenue, though, if it's anything like the deals on the table today, would likely be heavily slanted toward spending cuts. Or, as Obama said of the deal he was offering Republicans before Boehner walked out, "If it was unbalanced, it was unbalanced in the direction of not enough revenue."

Republicans, however, are looking to force a second debt ceiling fight as part of the package, despite the Democratic rejection of the plan. Under the Republican plan, lawmakers would need to weigh in on the debt ceiling during the heat of the presidential election, a proposal Democrats reject as risky to the nation's credit rating. "We expressed openness to two stages of cuts, but not to a short-term debt limit extension," a Democratic aide close to the negotiations said. "Republicans only want the debt ceiling extended as far as the cuts in each tranch. That means we’ll be right back where we are today a few months down the road. We are not a Banana Republic. You don’t run America like that."

The aide said that Democrats are open to a series of cuts as well as a Super Congress, but only if the debt ceiling is raised sufficiently so that it pushes past the election. "Our proposal tonight was, do two tranches of cuts, but raise the debt ceiling through 2012 right now, though the McConnell process would be one way," said the aide, leaving open the possibility that Boehner could craft a new process and distinguish it from McConnell's, which the Tea Party despises as a dereliction of duty. "Do that now with a package of cuts, and have the joint committee" -- the Super Congress -- "report out a package that would be the second tranch. Republicans rejected that, and continued to push a short-term despite the fact that Reid, Pelosi and Obama all could not have been clearer that they will not support a short-term increase. A short term risks some of the same consequences as outright failure to raise the ceiling -- downgraded credit rating, stocks plunge, interest rates spike, etc. It is unclear why Republicans have made this their sticking point."

Boehner spokesman Michael Steel argued that the inability to come to a larger deal so far left a short-term extension as an "inevitable" option. "For months, we have laid out our principles to pass a bill that fulfills the president's request to increase the debt limit beyond the next election. We have passed a debt limit increase with the reforms the American people demand, the 'Cut, Cap, and Balance' bill. The Democrats who run Washington have refused to offer a plan," he said in a statement. "Now, as a result, a two-step process is inevitable. Like the president and the entire bipartisan, bicameral congressional leadership, we continue to believe that defaulting on the full faith and credit of the United States is not an option."

Obama has shown himself to be a fan of the commission approach to cutting social programs and entitlements. Shortly after taking office, Obama held a major conference on deficit reduction and subsequently created, by executive order, The National Commission on Fiscal Responsibility and Reform. The White House made two telling appointments to chair the commission: The first was former Sen. Alan Simpson (R-Wy.), a well known and ill informed critic of Social Security who earned notoriety by suggesting, among other things, that the American government had become "a milk cow with 310 million tits!" His Democratic appointment was even more indicative of whose interests took priority, former Sen. Erskine Bowles (D-N.C.). Bowles is a member of Morgan Stanley's board of directors; an adviser to Carousel Capital, a private equity firm; and is a director of Cousins Properties Incorporated, a firm with significant investments in commercial and mixed-use real estate.

Simpson and Bowles, unsurprisingly, produced a report recommending corporate and high-end tax cuts, along with cuts to Social Security, Medicare, veterans' benefits and a host of other social programs.

The commission needed 14 of 18 members to approve the plan in order for it to advance to Congress for a vote. The commission fell short, but did win a majority.

Proponents of slashing spending won't make the same mistake with a new Super Congress. Only a simple majority will be necessary.

http://www.huffingtonpost.com/2011/07/23/super-congress-debt-ceiling_n_907887.html

[midnight rambler]

Holy Hell, here we fucking go.

[mamboni]

It sounds like a Soviet-style central committee to me, and a blatant usurpation of the powers of the people's house [of representatives]. This government has broken from the people completely. The US is nothing but a kleptocracy. I feel sorry for anyone who has to rely on this government for his next meal.

[midnight rambler]

It sounds like a Soviet-style central committee to me

That's exactly what it is.

I've been expecting them to come bustin' out with some nonsense like this from this contrived 'crisis'.

[Ares]

Any congressman / senator that votes for this is an outright traitor betraying their oath of office.

[midnight rambler]

Any congressman / senator that votes for this is an outright traitor betraying their oath of office.

Gee, is it that obvious? /sarc

Like I've been saying all along, they're going to come up with something which will make the assholes in '33 look like saints in comparison.

[Book]

http://3.bp.blogspot.com/_FeuPKiPt1o4/S5jjtWqPr1I/AAAAAAAAAaU/nZqo5gMh82A/s400/carlos+slim-Worlds+Richest+man.jpg

Carlos Slim, the richest man on Earth worth $70 Billion, won't buy anymore of our treasury bonds unless we cut social security to grandma.

::) don't piss him off Congress!

[General of Darkness]

I'm calling bullshit on this. Something this big would have to be ratified by the states is my guess.

[midnight rambler]

I'm calling bullshit on this. Something this big would have to be ratified by the states is my guess.

I'm thinking you may be in for a really big surprise, GoD.

[Ares]

I'm calling bullshit on this. Something this big would have to be ratified by the states is my guess.

Since the 17th Amendment revoked the states representation, the senators can vote for it and pass it. States have no say in how the government functions. The fed.gov has made that abundantly clear over the years.

[General of Darkness]

Well then, time to sell everything and get the fuck out while I can.

Just 230,000 Euros.

http://www.realestatecroatia.com/eng/list_photo.asp?o=146636&m=PORE%C4%8C

[Sparky]

I kept waiting to read the part where it says this is just a joke.

[Joe King]

A Super Congress would be less accountable than the system that exists today

In 200+ years, have they ever done anything that makes government more accountable? In the real sense of the word, I mean?


I'd think that anything that changes how the gov operates to this degree would need a Constitutional Amendment. Or it certainly should, anyways.

[Twisted Titan]

Behold The Hegalian Dialetic playing out before your very eyes..........

[Libertytree]

Here we go folks, this is a power struggle and the circumvention of the Constitution in blatant fashion and it also could be viewed as the thrashing about of an entity in its death throes. The super elite running their own super congress, how quaint. In ways though I'm happy to see them tipping this hand as maybe it will jostle some out of their slumber and denial and bring them closer to idea's of freedom and liberty....notice I said maybe. It still seems like an act of desperation to me.

[JohnQPublic]

Wow. Obama, Timmy and crowd rushing tyo expand executive powers unconstitutionally, and now congress is competing! I wish congress would just exercise the power they have (by abolishng the fed for instance).

Things are accelerating.

[palani]

I would guess nobody in Congress desires to be the first to decorate an oak tree. Pin the act on a committee and then they can be held responsible.

[Dogman]

I would guess nobody in Congress desires to be the first to decorate an oak tree. Pin the act on a committee and then they can be held responsible. Think the word that would fit is sacrificial scapegoat's. They do the hard things, the rest goes along saying they had no choice. And the blame shifts to the "Supers" who will promptly be burned at the stake, while the rest keeps their jobs.

[gunDriller]

Holy Hell, here we fucking go.

why don't they just raise the debt ceiling to $20 fucking Trillion ?

that should last for another 3 years.


oh, that's right, they're acting as if they have PRINCIPLES.

dang, this forum needs a sarcasm icon.

[Libertytree]

why don't they just raise the debt ceiling to $20 fucking Trillion ?

that should last for another 3 years.


oh, that's right, they're acting as if they have PRINCIPLES.

dang, this forum needs a sarcasm icon.

More like 100T, how long did it take the Fed to dole out 12T?

20T probably wouldn't cover their bravery bonus for their galant service to their country.......now that needs a sarcasm icon!

[platinumdude]

Just remove the ceiling all together and we will never have to worry about this again.

[Joe King]

Just remove the ceiling all together and we will never have to worry about this again.

That's what I want to see.

That way they have to go back to the way it was before there was a "limit".

[Joe King]

why don't they just raise the debt ceiling to $20 fucking Trillion?


Pete answers that question better than anyone can. lol

He even says it s l o w l y so the sheep might understand.
Which is very kind of him, as he does tell it the way it is.



http://www.youtube.com/watch?v=UjbPZAMked0

[mick silver]

Any congressman / senator that votes for this is an outright traitor betraying their oath of office.

but what the hell are we going do . they do not hear us nor do they want to anymore

[palani]

but what the hell are we going do . they do not hear us nor do they want to anymore

CORPORATIONS, by the civil law, feem to have been created by the mere act, and voluntary affociation of their members

WHEN a corporation is erected, name muft be given it; and by that name alone it muft fue, and be fued, and do all legal acts

WE come now, in the laft place, to confider how corporations may be diffolved.

The debts of a corporation, either to or from it, are totally extinguifhed by it's diffolution ; fo that the members thereof cannot recover, or be charged with them, in their natual capacities l : agreeable to that maxim of the civil law m, “fi quid univerfitati “debetur, fingulis non debetur ; nec, quod debet univerfitas, finguli “debent.”

A CORPORATION may be diffolved, 1. By act of parliament, which is boundlefs in it's operations ; 2. By the natural death of all it's members, in café of an aggregate corporation ; 3. By furrender of it's franchifes into the hands of the king, which is a kind of fuicide ; 4. By forfeiture of it's charter, through negligence or abufe of it's franchifes ; in which café the law judges that the body politic has broken the condition upon which it was incorporated, and thereupon the incorporation is void. And the regular courfe is to bring a writ of quo warranto, to enquire by what warrant the members now exercife their corporate power, having forfeited it by fuch and fuch proceedings.

Above passages courtesy of Blackstone. Doesn't it seem obvious that a bankrupt corporation exercises no privilege against its' franchise? And that the normal course of law in this matter is to send your writ of quo warranto to the sheriff?

[Joe King]

but what the hell are we going do . they do not hear us nor do they want to anymoreDo what the graffiti says. It'd at least be a start. lol





405

[mick silver]

they write the laws and can make up any laws that suit them that day. if this happen the NWO can not be to far behind this . and gun control is just around the block

[Horn]

Any congressman / senator that votes for this is an outright traitor betraying their oath of office.

You would think the newly in placed tea party members wouldn't stand for such nonsense.

It will look better after Obama enacts emergency laws and raises the debt ceiling himself.

[Ares]

You would think the newly in placed tea party members wouldn't stand for such nonsense.

It will look better after Obama enacts emergency laws and raises the debt ceiling himself.

It's looking that way, obummer taking the purse away from congress is going back to the whole taxation without representation thing again. It'll most likely fly by this time since the American public lack the stones to stand up to anyone anymore.

[Joe King]

Yea, that's what I'd not be surprised to see. No increase followed by "emergency" legislation. Either that or a slew of EOs effectively doing the same thing.

They're probably already being written.

[jimswift]

It'll most likely fly by this time since the American public lack the stones to stand up to anyone anymore.

I'd also go with that they don't know any better or different. ??????



They're probably already being written.

I'd say HAD ALREADY BEEN WRITTEN, and it's just implementation hoops to get through at this point.

[LastResort]

Well then, time to sell everything and get the fuck out while I can.

Just 230,000 Euros.

http://www.realestatecroatia.com/eng/list_photo.asp?o=146636&m=PORE%C4%8C

Forgive my ignorance but WTF is so great about Croatia?

[Joe King]

White people live there. Other than that, not much IMHO.

[midnight rambler]

Forgive my ignorance but WTF is so great about Croatia?

Typical blind, arrogant American response.

What's so great about Chile, Costa Rica, Ecuador, Peru, Brazil, Tahiti, Fiji, Vanuatu, NZ, etc.? So long as one has assimilated into the local culture it won't be nearly as unpleasant and violent as it's going to get in the heart of N. America in the foreseeable future. If I had roots in a foreign country like GoD has I'd already be there to escape the shit that's going to be going down in N. America.

[palani]

If I had roots in a foreign country like GoD has I'd already be there...
Texas IS a foreign country. So are the other 47 several united States.

[midnight rambler]

Texas IS a foreign country. So are the other 47 several united States.

You perceive correctly, however getting smited by the false perceptions of hundreds of millions of the easily deceived rubes is extremely unpleasant, and when they're in a blind rage it is downright dangerous to one's health and well-being. The Tribe has the monopoly on perception management in Amerika.

[LastResort]

Typical blind, arrogant American response.

What's so great about Chile, Costa Rica, Ecuador, Peru, Brazil, Tahiti, Fiji, Vanuatu, NZ, etc.? So long as one has assimilated into the local culture it won't be nearly as unpleasant and violent as it's going to get in the heart of N. America in the foreseeable future. If I had roots in a foreign country like GoD has I'd already be there to escape the shit that's going to be going down in N. America.

Actually it was a legit question.

I was unaware that the General has roots in this country. I also know very little about Croatia other than the little info I skimmed across on wiki the things that stood out to me about Crotatia were that it is a member of the UN, WTO, and will be part of the EU come 2013. On the surface It doesn't seem that great or different than many other countries, which is why I asked the question. I was hoping to learn something new, but thanks for making a typical blind, arrogant assumtion that it was a dumb question.

[DMac]

Can't we just fast forward to straight up dictatorship already and get this party started?

[Libertytree]

You perceive correctly, however getting smited by the false perceptions of hundreds of millions of the easily deceived rubes is extremely unpleasant, and when they're in a blind rage it is downright dangerous to one's health and well-being. The Tribe has the monopoly on perception management in Amerika.

You said a mouthful there brother!

[Horn]

Can't we just fast forward to straight up dictatorship already and get this party started?

The way the media is going on about it, there must be some great transgression to the Constitution in the works.

[Joe King]

You wouldn't want them to let a "good" crisis go to waste, now would you?

[osoab]

Super Congress is in this newest deal according to Ron Paul.

Ron Paul's Statement On The Budget Control Act And On "Super Congress" (http://www.zerohedge.com/news/ron-pauls-statement-budget-control-act-and-super-congress)




Not one but two letters today (link to prior here (http://www.zerohedge.com/news/ron-paul-exposes-deficit-plan-lies-cuts-are-illusory-not-current-amounts-spent-projected-spendi)) from a very digusted Ron Paul, in which he once again dissects the complete farce that is the "spending" cut bill (if by spending one means slightly lowering the angle of attack on future government expenditures well over and above the revenue slope) and also adds his thoughts on the farce that is the "Super Congress."
Statement On The Budget Control Act (http://paul.house.gov/index.php?option=com_content&view=article&id=1902:statement-on-the-budget-control-act&catid=15:floor-statements&Itemid=1)

Rather than raising the debt limit, Congress should recognize the federal government has reached debt saturation and therefore stop incurring new debt! Federal revenues for 2012 likely will amount to about $2.2 trillion, an amount roughly equal to the 2004 federal budget. To balance the 2012 budget, Congress simply needs to adopt 2004 spending levels. Was the federal government really too small just 8 years ago?

But Washington has a serious spending addiction-- and in spite of all the talk about spending cuts, there are none contained in today’s legislation. According to the non-partisan CATO Institute, this bill merely commits Congress to spending less than it otherwise would. Even if this Congress could bind a future congress, I doubt many Americans would define a cut as spending less on unconstitutional programs than Congress originally planned to spend. The bill also assumes large tax increases in its revenue projections, with the expiration of the Bush tax cuts at the end of 2012 calculated into the “baseline” numbers. This assumption will make it very difficult politically for Republicans to extend current tax rates beyond 2012.

Perhaps the most disturbing aspect of this deal is the “Super Congress” provision. This is nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership. The legislation produced by this commission will be fast-tracked, and Members will not have the opportunity to offer amendments.
Approval of the recommendations of the “Super Congress” is tied to yet another debt ceiling increase. This guarantees that Members will face tremendous pressure to vote for whatever comes out of this commission-- even if it includes tax increases. This provision is an excellent way to keep spending decisions out of the reach of members who are not on board with the leadership's agenda.

[midnight rambler]

Perhaps the most disturbing aspect of this deal is the “Super Congress” provision. This is nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership. The legislation produced by this commission will be fast-tracked, and Members will not have the opportunity to offer amendments.
Approval of the recommendations of the “Super Congress” is tied to yet another debt ceiling increase. This guarantees that Members will face tremendous pressure to vote for whatever comes out of this commission-- even if it includes tax increases. This provision is an excellent way to keep spending decisions out of the reach of members who are not on board with the leadership's agenda. And there ya have it, a Soviet style Politburo (Central Committee's Political Bureau).

http://en.wikipedia.org/wiki/Politburo

In Soviet Russia one was free to vote for whomever one cared to, so long as whomever one voted for belonged to "the party". Do we have a substantial difference from that now here in the states? If so, what exactly is it?? There is really only one party with two faces.

[Sparky]

This really is quite a remarkable development. Where is the outrage?

[BabushkaLady]

This really is quite a remarkable development. Where is the outrage?

I was just discussing outrage with a friend recently. I told him "we're not the mushrooms that we used to be". I can only believe because of the internet, that more people are researching the treason and betrayal going on. At some point, with knowledge, there WILL be outrage.

[midnight rambler]

According to Webster Tarpley the six members of the 'supercongress' will be a tightly held secret (a secret kept only to the rubes, all the insiders will know who their insider pals on the supercongress are, naturally).

http://tarpley.net/2011/08/01/dear-congressman-thanks-to-the-xiv-amendment-rejecting-the-budget-sellout-is-an-easy-no-vote-for-all-sides/

[osoab]

This really is quite a remarkable development. Where is the outrage?

Best chance is if the NBA stays locked out. Our best hope of outrage was wiped out once the NFL decided to play.

[osoab]

I know its more AJ, but calling it a council of 13 puts a little more ominous tone to the whole super-duper congress.

http://www.youtube.com/watch?v=sWlEbbZb29A&feature=player_embedded


http://www.youtube.com/watch?v=sWlEbbZb29A&feature=player_embedded

Super Congress To Target Second Amendment (http://www.infowars.com/super-congress-to-target-second-amendment/)



Unconstitutional body created by debt deal to get “even greater super powers”
Paul Joseph Watson & Alex Jones
Infowars.com
Monday, August 1, 2011

The so-called “Super Congress” that is about to be created with the debt ceiling vote will have powers far beyond just controlling the nation’s purse strings – its authority will extend to target the second amendment – eviscerating normal protections that prevent unconstitutional legislation from being fast-tracked into law.

As the Huffington Post reported last month (http://www.huffingtonpost.com/2011/07/23/super-congress-debt-ceiling_n_907887.html?ref=email_share), the debt deal that has already been passed by the House and faces the Senate tomorrow will create an unconstitutional “Super Congress” that will be comprised of six Republicans and six Democrats and granted “extraordinary new powers” to quickly force legislation through both chambers.

Legislation decided on by the Super Congress would be immune from amendment and lawmakers would only be able to register an up or down vote, eliminating the ability to filibuster. The Speaker of the House would effectively lose the power to prevent unpopular bills from making it to the House floor.

But far from just being a committee that would make recommendations concerning the debt ceiling, the body is now to be granted “even greater super powers, according to multiple news reports and congressional aides with knowledge of the plan,” writes Michael McAuliff (http://www.huffingtonpost.com/2011/07/31/super-congress-debt-ceiling-deficit-deal_n_914272.html).

Senate Majority Leader Harry Reid (D-Nev.) pulled no punches in making it plain that the Super Congress would have supreme authority. “The joint committee — there are no constraints,” Reid said on the Senate floor. “They can look at any program we have in government, any program. … It has the ability to look at everything.”

That includes introducing laws to restrict the second amendment, states a Gun Owners of America bulletin (http://gunowners.org/a08012011.htm), warning that the body would be “a super highway for gun control legislation”.

“Gun owner registration … bans on semi-automatic firearms … adoption of a UN gun control treaty — all of these issues could very well be decided over the next 24 hours,” states the GOA release.

Senate Minority Leader Mitch McConnell (R-Ky.) echoed Reid’s sentiment, asserting that the Super Congress was “not a commission, this is a powerful, joint committee.”

The Obama administration has already indicated that it will take the deciding vote as the de facto 13th member of the Super Congress. During his press briefing today, White House press secretary Jay Carney said that the government would work with the Super Congress to hike taxes (http://www.dailykos.com/story/2011/08/01/1001820/-White-House-wants-Super-Congress-to-take-Bush-tax-cuts-off-table-for-2012) in 2012 and beyond.

Barack Obama has already exercised his fetish for executive autonomy (http://www.infowars.com/obama-is-establishing-an-executive-dictatorship/) by launching the attack on Libya without Congressional approval, bypassing Congress and having the EPA declare carbon dioxide a pollutant, as well as the appointment of ten state governors directly selected by him who will work with the federal government to help advance the “synchronization and integration of State and Federal military activities in the United States”.

The administration’s zeal to target the second amendment “under the radar,” as Obama promised earlier this year (http://www.infowars.com/obama-working-under-the-radar-to-sneak-attack-second-amendment/), has also manifested itself in the form of ATF harassment of gun owners who purchase two or more firearms (http://www.infowars.com/exclusive-atf-intimidates-gun-owners-with-home-visits/), despite the fact that the law to mandate such a policy failed to pass (http://www.guns.com/gun-control-advocates-win-eleventh-hour-victory-to-remove-long-gun-tracking-from-bafte-funding.html).

The establishment of a “Super Congress” will completely demolish the credibility and the authority of the system of elected representatives. It represents another final nail in the coffin of the American Republic and its replacement with an executive dictatorship run by the political elite.

[osoab]

Passed the Senate.

Senate Passes Debt Ceiling Vote With 60 Senators Voting In Favor (http://www.zerohedge.com/news/senate-passes-debt-ceiling-vote-60-senators-voting-aye)

[mick silver]

if we need a 'Super Congress' then why in f do we need any of them for . lets just start trying them for treason . lets all people in the usa have a vote on senting them to jail

[gunny highway]

my boss was trying to rationalize this to me today. i kept asking one question: "But don't you see the precedent that is being set here?" i tried to explain that nothing the .gov creates has ever gone away. this won't either. everything the .gov does, every law it makes ends up being used in a way that is detrimental to us, even if it started out good. i suppose most Americans will be like my boss and talk themselves into liking this new super congress. i just don't understand how people can so flippantly dismiss the Constitution and what it was meant to do for this country. :(

[undgrd]

You have the same problem I had gunny highway. You seem to be under the impression ANYONE really cares.

[osoab]

From Denninger.

Now Here's A Scam: US Senate (http://market-ticker.org/akcs-www?post=191225)



From the Twitter rumor mill: If you're a Senator and vote NO on the debt bill, you're ineligible for the "super-committee."

So if you, in good conscience, cannot permit a bankrupt entity to borrow even more money, then you can't be part of the solution to going more bankrupt.

And let's be clear about this: There's no bank in the world that would lend to a private person or institution that had a total debt of some seven times it's gross revenue.

(Hint: Go try to get a mortgage with that sort of debt profile. You'll get laughed out of the building - well, you will now. In 2005 with an OptionARM? No problem - just go "NINJA". Of course we know how that ended, right?)

[gunny highway]

You have the same problem I had gunny highway. You seem to be under the impression ANYONE really cares.

that impression is quickly fading...

[midnight rambler]

From Denninger.

Now Here's A Scam: US Senate (http://market-ticker.org/akcs-www?post=191225)

Weekly Standard has confirmed this to be the case (those who voted against it barred from the super committee).

[osoab]

Weekly Standard has confirmed this to be the case (those who voted against it barred from the super committee).

Wow, and enough of the little imps went along with it. Must be a suck fest in DC tonight.

[vacuum]

I wasn't paying too much attention to the whole drama episode over the last couple weeks, but this super congress thing is a jaw-dropping revelation. Notice how their (bankers) boy Boehner introduced it hours before they were to have a decision. Thats right, an entire government structure introduced hours before they were to have a vote. I guess it didn't go through last week, but they got it through this week.

Through this group they will take away people's pensions and medical care, benefits, and whatever else they come up with on the day they write it. As previously posted, they will start out with budget stuff, but through extension of that, will pass laws on whatever they want including gun control.