U.S. Debt Default DOOM

[1970 silver art]

Ok. I will admit this. I was wrong in thinking that Congress would have a deal on gov't spending cuts and raise the debt ceiling by August 2. Just over a week ago on GSUS, I posted on another thread that a deal on gov't spending cuts would happen in Congress and that the debt ceiling would be raised by August 2. It appears to me that there will not be a deal done by Congress and the debt ceiling will not be raised by August 2. Time has run out IMO.

It is so sad to me that a bunch of crybaby Congresswhores cannot come to the table and agree on a deal in order to raise the debt ceiling and make major cuts to the bloated U.S. gov't. I hear Obama say to email and call your Congresswhore but that will not mean shit if the Congresswhores do not listen to the people. Congreswhores are clueless and they are not able to compromise on their beliefs to deal with the reality of the situation. This debt ceiling situation and the upcoming U.S. debt default doom just shows to me that they are really clueless of the urgency of the situation. I guess that the Congresswhores are immune from next week's U.S. debt default Doom.

Think about this and ask yourself this: Even if there was some sort of a deal that somehow materialized in time and it passed the House of Representatives AND passed the Senate (not likely), what else would be hidden in this bill? In other words, what hidden laws or regulations would some of these Congresswhores sneek into any kind of U.S. gov't spending cuts compromise bill that would further chip away at the remaining freedoms that we still have?


Even if there was a deal that was made and the debt ceiling was raised in time, it will not matter when S&P and Moody's downgrades our credit rating. Either way we (as Americans) will pay and will suffer.

The American people lost this battle and will suffer the consequences when the U.S. Debt Default Doom occurs next week.

[palani]

In todays world up is down, left is right, evil is good, debt is money .... maybe a lost battle is a won war?

[Dogman]

I do not think those critters have ever passed anything that was not loaded with hidden shit. They are all crying about needing to cut back spending. I wonder if you take what ever bill that is eventually passed , and put it in a ultra high pressure press and squeeze the hell out of it. How much lard will come squirting out?

As you say outlaw, they have never passed anything that did not get "loaded" with all kinds of "hidden" shit, and pork.

[1970 silver art]

I do not think those critters have ever passed anything that was not loaded with hidden shit. They are all crying about needing to cut back spending. I wonder if you take what ever bill that is eventually passed , and put it in a ultra high pressure press and squeeze the hell out of it. How much lard will come squirting out?

As you say outlaw, they have never passed anything that did not get "loaded" with all kinds of "hidden" shit, and pork.

This would IMO be no different than the health care reform bill that passed Congress. If any "compromise" bill comes out of Congress (not likely), It will more than likely will have some hidden regulations or hidden law in it. The only way that you would know of these hidden regulations and hidden laws would be if 1.) You spend enough time to read 1000's of pages of legalise or 2.) A situation comes up where one of those hidden laws or hidden regulations rears its ugly head when someone points it out in the "fine print" of a major bill.

[1970 silver art]

In todays world up is down, left is right, evil is good, debt is money .... maybe a lost battle is a won war?


Maybe if a "won war" = Forced shrinking of the U.S. gov't via U.S debt default.

[Libertytree]

Ok. I will admit this. I was wrong in thinking that Congress would have a deal on gov't spending cuts and raise the debt ceiling by August 2. Just over a week ago on GSUS, I posted on another thread that a deal on gov't spending cuts would happen in Congress and that the debt ceiling would be raised by August 2. It appears to me that there will not be a deal done by Congress and the debt ceiling will not be raised by August 2. Time has run out IMO.

It is so sad to me that a bunch of crybaby Congresswhores cannot come to the table and agree on a deal in order to raise the debt ceiling and make major cuts to the bloated U.S. gov't. I hear Obama say to email and call your Congresswhore but that will not mean shit if the Congresswhores do not listen to the people. Congreswhores are clueless and they are not able to compromise on their beliefs to deal with the reality of the situation. This debt ceiling situation and the upcoming U.S. debt default doom just shows to me that they are really clueless of the urgency of the situation. I guess that the Congresswhores are immune from next week's U.S. debt default Doom.

Think about this and ask yourself this: Even if there was some sort of a deal that somehow materialized in time and it passed the House of Representatives AND passed the Senate (not likely), what else would be hidden in this bill? In other words, what hidden laws or regulations would some of these Congresswhores sneek into any kind of U.S. gov't spending cuts compromise bill that would further chip away at the remaining freedoms that we still have?


Even if there was a deal that was made and the debt ceiling was raised in time, it will not matter when S&P and Moody's downgrades our credit rating. Either way we (as Americans) will pay and will suffer.

The American people lost this battle and will suffer the consequences when the U.S. Debt Default Doom occurs next week.

We've defaulted before and we're still here, the sun still comes up and you would never know it ever happened. I really want to know how you think we are going to suffer over this one particular thing? A total collapse yes, but this? no way my friend.

I also have to ask why anyone would want a compromise? Do you think it's a good thing? I don't. Stand firm or let it burn.

[Dogman]

They push things right to the ragged limit, then hurry and pass what ever it is. Dam near none of any of them even read or fully understand what is really in it in the first place. The only time any full understanding comes later after the barn burnt down. And by that time it is too late. Think most of the hidden stuff and pork is put in at the last moment, and then whoever that did it hunkers down hopping no one notices it until it is too late.

This kind of crap makes me sick, transparency, yes! Like a brick of lead.

[JohnQPublic]

Another question? Will silver exceed $50 in 2011? :D

[Dogman]

Another question? Will silver exceed $50 in 2011? :D I see you have your shit stirring stick today!

467

[1970 silver art]

[/B]

We've defaulted before and we're still here, the sun still comes up and you would never know it ever happened. I really want to know how you think we are going to suffer over this one particular thing? A total collapse yes, but this? no way my friend.

I also have to ask why anyone would want a compromise? Do you think it's a good thing? I don't. Stand firm or let it burn.

I am admitting my ignorance here but I will ask......................We have defaulted before? When?

Honestly, I do not know if compromise is a good thing or not. It depends. If a compromise means "kicking the can down the road", then that is not good because things will just get worse the next time around.

[1970 silver art]

Another question? Will silver exceed $50 in 2011? :D

Nope. It will not. I will hold firm on my belief on that. :)

[Libertytree]

The fear mongering over this BS is amazing, the talking heads in all the MSM are in full BS mode. I'm rarely in a position to watch this crap but I am at this moment and I know why I don't usually watch this crap.

[Horn]

The fear mongering over this BS is amazing, the talking heads in all the MSM are in full BS mode. I'm rarely in a position to watch this crap but I am at this moment and I know why I don't usually watch this crap.

Is why all the suffering can start now.

Previous defaults weren't nearly as publicized.

[Horn]

http://www.youtube.com/watch?v=swkq2E8mswI

[Eyebone]

I want a "default".

I want the lard assed congress and their dog turd bureaucracy to drown in their own excrement.

Let the people clean up the mess once and for all.

[midnight rambler]

Just like Ron Paul has been saying, better to deal with it now than later since it's inevitable. Rational and reasonable people see it as inevitable and deferring the pain is only going to make it much, much worse.

[osoab]

Art, you just need to rap a little. Then you wouldn't have to admit defeat in your prediction.

http://www.youtube.com/watch?v=EoS52fVtVQM&feature=player_embedded


http://www.youtube.com/watch?v=EoS52fVtVQM&feature=player_embedded


Raise da debt ceiling!
Raise da debt ceiling!
Raise da debt ceiling!
Raise da debt ceiling!

14 trillion in debt
but yo we ain't got no qualms
droppin $100 bills
and million dollar bombs

spending money we don't have
that's the name of the game
they call me cumulo nimbus
because you KNOW I make it rain

bail out all kind of cars
got all kind of whips
ladies ask me how I get em
I tell em STIMULUS

Social Security surplus?
Oh, guess what? it's gone
I got my hands on everything
like Dominique Strauss Kahn

ain't got no Medicare trust fund
son, that's just absurd
spending every single penny that
we see, son, have you heard?

ain't got no moral objections
ain't got kind of complaints
ain't got no quantitative
statutory budget restraints

so...
[CHORUS]

Yo, we up in the Fed
and we living in style
Spending lots of money
while we sipping crystal

still making it rain
and yeah it be so pleasing
wait, not making it rain--
we be "Quantitative Easing!"

QE1, QE2
QE4, QE3
Dropping IOU's
in every fund that I see

printing the cash
inflating the monies
callin up China
"a-yo we straight out of 20's!"

in the club
we be louding out
while to the market, yeah
we be crowding out

on the beach getting tan
and sipping Corona
we got a monetary plan--
and it involves a lot of toner...

[CHORUS]

So if you look at the chart
and examine the trend
we borrow 40 cents of every
single dollar we spend

and non-discretionary spending
increases every day
do you have a comment for Committee?
I MAKE IT RAIN

Mr. Speaker, Mr. Speaker
would you beam me up?
A Congressperson cutting spending?
Couldn't dream me up

We're gonna default
if we follow this road!
I should have thought of this
14 trillion dollars ago!

I'm the king of the links
I'm a menace at tennis
I'm sticking spinnaz on my rims
picking winnaz in business

if you're looking for some cash
it's about to get heavy
I got some big ol' piles of money
and guess what--they shovel ready

[gunDriller]

and not one of the Congress-pukes & Congress-turds has the courage to save $3 Billion a year by eliminating aid to Israel.

or even mentioning it.

[osoab]

and not one of the Congress-pukes & Congress-turds has the courage to save $3 Billion a year by eliminating aid to Israel.

or even mentioning it.


Shut your mouth. How dare you talk like that about the chosen ones? ;D

[1970 silver art]

Hey Osoab, I would be a terrible rapper. Hahahahahaha!!!!!!!! :). Even though I was wrong on my prediction that Congress would make a final deal and was wrong on my prediction on them raising the debt ceiling by August 2, I can look on the bright side and say that it appears that I will be right on my gut feeling prediction that silver will NOT hit $50 this year and I will eventually be able to collect 3 rolls of tp from my bet with Ponce on January 2012. :)

In the meantime, brace yourself for U.S. Debt Default Doom. :)

[Libertytree]

I am admitting my ignorance here but I will ask......................We have defaulted before? When?

Honestly, I do not know if compromise is a good thing or not. It depends. If a compromise means "kicking the can down the road", then that is not good because things will just get worse the next time around.

This isn't a complete list.

Default #1: The Continental Currency Default of 1779
Largely to fund the Revolutionary War, the Continental Congress of 1775 issued notes totaling 241 million Spanish milled dollars over roughly a two-year period.
They were the first of the so-called “Continental dollars.” But since Congress had no power of taxation, it made each of the then-13 states responsible for paying them off, prorated based on their population.
But the states couldn’t pay them off. So in November 1779, Congress agreed to redeem the notes — with currency worth less than 1/38th the Continental’s original value.
Default #2: The Default of 1790
In addition to its currency issuance, the Continental Congress borrowed money both domestically and abroad. The domestic debt totaled approximately $11 million Spanish dollars. The interest on this debt was paid primarily by money received from France and Holland as part of separate borrowings.
When foreign lending dried up, Congress defaulted on its domestic debt starting on March 1, 1782 — by refusing to pay and, instead, accepting the notes for payments of taxes.
By 1790, Congress repudiated these loans entirely.
Default #3: The Greenback Default of 1862
In August 1861, to fund the Civil War, Congress created a new currency which became known as the “greenback” due to the green color of its ink.
The original greenbacks were $60 million in demand notes in denominations of $5, $10, and $20 — redeemable at any time at a rate of 0.048375 troy ounces of gold per dollar.
But in January 1862, only five months later, the U.S. Treasury defaulted by refusing to redeem them on demand.
Later, the Treasury issued “greenbacks as non-redeemable legal-tender.” They traded hands at discounts from the original greenbacks of as much as 40%.
In effect, the currency was devalued by as much as 60% to finance the Civil War.
Default #4: The Liberty Bond Default and Gold Devaluation of 1934
The financing of the United States government stepped up to an entirely new level as a result of the cost of World War I. So starting in 1917, Congress issued “Liberty Bonds.”
The last bond issue, October 24, 1918, was a $7 billion, 20-year, 4.25% percent issue, payable in gold at a rate of $20.67 per troy ounce.
By the time Franklin Roosevelt entered office in 1933, the interest payments alone were draining the Treasury of gold. In addition, the country’s total debt had climbed another $18 billion to $22 billion. Yet, the Treasury had only $4.2 billion worth of gold.
Also, during the Depression, Americans were attempting to redeem their dollars for gold and then hoarding that gold like crazy.
End result: President Roosevelt decided to default on the domestically-held debt by refusing to redeem dollars in gold and, instead, confiscating gold and then devaluing the dollar by 40%, which was essentially also a default on America’s trade partners.
Default #5: Nixon Permanently Severing the Dollar’s Link to Gold
On August 15, 1971, President Nixon abolished the dollar’s link to gold. This was because there had been a run on the dollar in the late 1960s, since the United States was printing far more money than it could possibly back with gold.
So, foreign holders of our dollars wanted their gold, period. Nixon told them to take a hike and permanently severed the dollar’s convertibility into gold.
In effect, it was a 100% devaluation of the dollar. Since 1971, the value of gold has soared from $35 an ounce to today’s roughly $1,600. Which is merely another way of saying that the U.S. dollar has lost an amazing 97.8% of its value since 1971.
Put another way, in 1971, one U.S. dollar would have purchased you 1/35th of an ounce of gold.
Today, one U.S. dollar purchases just 1/1,600th of an ounce of gold.
And put yet another way, for every $1 Uncle Sam borrowed in 1971 that may still be an outstanding debt — he can now pay that debt back now with currency worth 1/1,600th of its former value.
Call it whatever you want, but as far as I’m concerned, that’s an all-out default. In fact, any time the government devalues the purchasing power of its currency, it’s a default, plain and simple.
So even if the government continues to pay its bills, as long as it’s paying them with currency that it plans on being worth less, it’s still a default.

[zap]

HAHAH well they killed it in the Senate, no deal here.

[osoab]

Hey Osoab, I would be a terrible rapper. Hahahahahaha!!!!!!!! :). Even though I was wrong on my prediction that Congress would make a final deal and was wrong on my prediction on them raising the debt ceiling by August 2, I can look on the bright side and say that it appears that I will be right on my gut feeling prediction that silver will NOT hit $50 this year and I will eventually be able to collect 3 rolls of tp from my bet with Ponce on January 2012. :)

In the meantime, brace yourself for U.S. Debt Default Doom. :)

You got 2 days and a few hours left. Don't give up hope yet!

[Libertytree]

In my conversations here with the tards I'm dealing with I've made the bet that O will use the 14th, cause it's for the children and national security. Me, I'm just LMFAO, what a farce!!!!!

[osoab]

In my conversations here with the tards I'm dealing with I've made the bet that O will use the 14th, cause it's for the children and national security. Me, I'm just LMFAO, what a farce!!!!!


Seems like a waste to pull out that card at this time. I think they will stop checks for a while. Maybe hit 401k's and IRA's. It would only be fair since they already plundered the fed pension system.

[palani]

Don't forget the default on the 1980 vintage Treasuries ... interest was to be paid around 9% for 30 years ... they announced no further interest after 25 years.

[Sparky]

I think they will get something done by Aug 2, and you will still be correct. They will declare that "we were able to put partisan politics aside to do what's right for America." I guarantee you will see or hear that phrase next week from Obama, Boehner, and Reid. Mark my words.

The "hidden" part of it is in the "cuts". First of all, the so-called cuts are against a presumed ~7% baseline increase in spending every year. So if spending only increases by 5% per year, that will be considered as a major cut. Secondly, most of the cuts will be loaded towards the end of the 10 years, and won't happen because it will be a largely new crew of CongressWhores by then, who are not bound by previous promises.

In the book Reinventing Collapse describing the Russian collapse, the author states that the Russian people stopped wasting time, energy, and emotion listening to or reacting to anything their politicians said, knowing that it was completely futile. Instead, they began to prepare themselves as individuals, families, and communities for the hard time that they knew would eventually fall upon them.

[midnight rambler]

Seems like a waste to pull out that card at this time. I think they will stop checks for a while. Maybe hit 401k's and IRA's. It would only be fair since they already plundered the fed pension system.

I think they will milk it for all it's worth (never let a crisis go to waste). I think something big is in the works, so have your own tube of personal lube handy for that moment.

[Spectrism]

Compromise means YOU surrender what you think is good and right so that I can have what I want. Compromise only works for unimportant things. A split government is designed to fight over important things- not comromise. And a constitutional republic is designed to protect the principles by limiting government's actions- including "compromises".

Raising the debt ceiling does what? It allows the fat government to keep doing what it has been doing. How is that good?

BTW- where is the birth certificate? We have seen the forgeries (and that is criminal to present them as real). Now show us the real thing.

[osoab]

I think they will milk it for all it's worth (never let a crisis go to waste). I think something big is in the works, so have your own tube of personal lube handy for that moment.

They will milk something alright. As long as they bring ice cream, the sheep won't care.


http://www.youtube.com/watch?v=4wvbnR_cT0A

http://www.youtube.com/watch?v=4wvbnR_cT0A

[1970 silver art]

Maybe I am wrong here but at this point in time, a compromise in this case would just mean that they will just "put together" a bill that will be "heavily watered down" to the point where it will satisfy just enough Republicans and Democrats to pass it in both the House and the Senate in order get the debt ceiling raised before Aug. 2 in order to avoid a "crisis" and to continue to just kick this debt ceiling "can" down the road. A compromise would just mean that the debt ceiling would be raised which in turn would lead to "business as usual". "Business as usual" for the U.S. gov't just means continuing to spend more than what they are bringing in. A compromise in this case at this point in time also means that no serious cuts will occur in the near future. What I mean by serious cuts are the deep and painful cuts in Social Security, Medicare, and Medicaid that will be needed to shrink the overall size of the U.S. gov't. I do not think that the Congresswhores are serious enough about cutting gov't spending. What was presented in the two bills were IMO just some BS gov't spending "cuts".

[Sparky]

Maybe I am wrong here but at this point in time, a compromise in this case would just mean that they will just "put together" a bill that will be "heavily watered down" to the point where it will satisfy just enough Republicans and Democrats to pass it in both the House and the Senate in order get the debt ceiling raised before Aug. 2 in order to avoid a "crisis" and to continue to just kick this debt ceiling "can" down the road. A compromise would just mean that the debt ceiling would be raised which in turn would lead to "business as usual". "Business as usual" for the U.S. gov't just means continuing to spend more than what they are bringing in. A compromise in this case at this point in time also means that no serious cuts will occur in the near future. What I mean by serious cuts are the deep and painful cuts in Social Security, Medicare, and Medicaid that will be needed to shrink the overall size of the U.S. gov't. I do not think that the Congresswhores are serious enough about cutting gov't spending. What was presented in the two bills were IMO just some BS gov't spending "cuts".

Roger that.

[Horn]

They will declare that "we were able to put the rest of our constitutional government aside to do what's right for America."

Fixed it for you

[1970 silver art]

Three days to go and still no final deal from the Congresswhores. IMO the Harry Reid bill does not seem to be any stronger than the Boehner bill that got rejected in the Senate yesterday. Sniff.....Sniff........It smells like U.S. Debt Default Doom to me.

[palani]

While it is possible to shed a tear over the debtor status of congress and the president by no means should their debt be assumed to apply to an inhabitant of the territory purchased from France by the Treaty of Cession of 1803:


Art: III
The inhabitants of the ceded territory shall be incorporated in the Union of the United States and admitted as soon as possible according to the principles of the federal Constitution to the enjoyment of all these rights, advantages and immunities of citizens of the United States, and in the mean time they shall be maintained and protected in the free enjoyment of their liberty, property and the Religion which they profess.

[mick silver]

I think they will get something done by Aug 2, and you will still be correct. They will declare that "we were able to put partisan politics aside to do what's right for America." I guarantee you will see or hear that phrase next week from Obama, Boehner, and Reid. Mark my words.

The "hidden" part of it is in the "cuts". First of all, the so-called cuts are against a presumed ~7% baseline increase in spending every year. So if spending only increases by 5% per year, that will be considered as a major cut. Secondly, most of the cuts will be loaded towards the end of the 10 years, and won't happen because it will be a largely new crew of CongressWhores by then, who are not bound by previous promises.

In the book Reinventing Collapse describing the Russian collapse, the author states that the Russian people stopped wasting time, energy, and emotion listening to or reacting to anything their politicians said, knowing that it was completely futile. Instead, they began to prepare themselves as individuals, families, and communities for the hard time that they knew would eventually fall upon them.

i am with you on this the deal will get done ................. it just a pony show were seeing . and what every passes will not be for the people of this country ...

[1970 silver art]

House rejects Harry Reid bill.

http://www.usatoday.com/news/washington/2011-07-30-debt-House-Senate-Reid-Obama_n.htm

I also read on another site that the Republican leaders are close to a deal with Obama to raise the debt ceiling. My take on them saying that they are close to a deal.............BULLSHIT!!!!!! Yeah I am skeptical. I would have to see that to believe it. This is IMO just more Congresswhore BS and a continuation of the bread and circus drama to keep the sheeple on their toes before the "finale" on Tuesday, August 2, 2011. "Finale" = U.S. Debt Default Doom.

[osoab]

I think Art is too much of a doomer thinking that they wouldn't get a "deal" done.

Should have thrown out a one TP roll bet.

[gunDriller]

I think Art is too much of a doomer thinking that they wouldn't get a "deal" done.

Should have thrown out a one TP roll bet.

actually, they don't have a DONE deal yet, they just have a deal.

it still has to be approved by the House, which is mostly Repubs.

[Spectrism]

Could we expect anything less from Boner?
501

[1970 silver art]

Well Well Well. The House did indeed pass this compromise bill to raise the debt ceiling. It is pretty much a safe bet that it will pass through the Senate. Once it passes the Senate, then Obama will sign it and life will go on. The U.S. Debt Default Doom has been avoided and gold and silver will go down from current levels ($39+ level) and head back to where they were when the debt ceiling talks heated up (Down to Gold= $1530-1540 and Silver = $35-$36). The End. Move on. There is nothing else to see here. :)

[po boy]

So does this mean qe3 is on the way?

[1970 silver art]

I think Art is too much of a doomer thinking that they wouldn't get a "deal" done.

Should have thrown out a one TP roll bet.

Yeah you are right. I am not really a doomer. I am a sheeple at heart. I should think happy thoughts but since the "deal" appears to be on its way to being done, then it is happy happy joy joy and gold and silver will go down from here. Since the U.S. Debt Default Doom is off the table, then I expect gold and silver to go down to $1530-1540 Gold and $35-$36 Silver and then continue to go down from that level to where silver will eventually bottom out at $26.00.

[1970 silver art]

So does this mean qe3 is on the way?

Honestly, I do not know but I will make a wild guess by saying probably so since it will be "business as usual" in DC (i.e. spending more than they bring in). If it ends up being true that QE3 is on the way, then gold and silver will continue to go up in the long term after both of them "catch their breath" in 2011.

[madfranks]

I think they will get something done by Aug 2, and you will still be correct. They will declare that "we were able to put partisan politics aside to do what's right for America." I guarantee you will see or hear that phrase next week from Obama, Boehner, and Reid. Mark my words.

The "hidden" part of it is in the "cuts". First of all, the so-called cuts are against a presumed ~7% baseline increase in spending every year. So if spending only increases by 5% per year, that will be considered as a major cut. Secondly, most of the cuts will be loaded towards the end of the 10 years, and won't happen because it will be a largely new crew of CongressWhores by then, who are not bound by previous promises.

In the book Reinventing Collapse describing the Russian collapse, the author states that the Russian people stopped wasting time, energy, and emotion listening to or reacting to anything their politicians said, knowing that it was completely futile. Instead, they began to prepare themselves as individuals, families, and communities for the hard time that they knew would eventually fall upon them.

I just heard some politician brag that they're going to cut $7 billion this year alone. With a $1.4 trillion deficit, that equals around $4 billion of deficit spending per day, or less than 2 days worth of cuts out of a 365 day year. WTF!

[madfranks]

So does this mean qe3 is on the way?

YES. It is guaranteed. Who else will buy all that new debt?

[Spectrism]

Yeah you are right. I am not really a doomer. I am a sheeple at heart. I should think happy thoughts but since the "deal" appears to be on its way to being done, then it is happy happy joy joy and gold and silver will go down from here. Since the U.S. Debt Default Doom is off the table, then I expect gold and silver to go down to $1530-1540 Gold and $35-$36 Silver and then continue to go down from that level to where silver will eventually bottom out at $26.00.


Sadly, I detected your sheepleness early on in this thread. I sense an allegiance to Obama and your entrapment in the left-right paradigm. And, you are not seeing the grand game being played by the perpetrators.

This "deal" is nothing but further destruction of Amerika. It was one occasion... the ONLY occasion with teeth, when Congress could do the right thing and force GOOD change on this tyrannical administration. We see that too many of CONgress are stupid, bought or coerced into going along.

Mitch McConnell is like an old woman unable to think of harder things than what yarn makes for the softest knits. Boneher is the crying puppet pretending to fight in the ring against Obamaman and jumps out of the ring, forfeiting and claiming he won. Losers!

[1970 silver art]

Sadly, I detected your sheepleness early on in this thread. I sense an allegiance to Obama and your entrapment in the left-right paradigm. And, you are not seeing the grand game being played by the perpetrators.

This "deal" is nothing but further destruction of Amerika. It was one occasion... the ONLY occasion with teeth, when Congress could do the right thing and force GOOD change on this tyrannical administration. We see that too many of CONgress are stupid, bought or coerced into going along.

Mitch McConnell is like an old woman unable to think of harder things than what yarn makes for the softest knits. Boneher is the crying puppet pretending to fight in the ring against Obamaman and jumps out of the ring, forfeiting and claiming he won. Losers!

I did not mean to imply that this "deal" is good. It is far from being good. All they did was to pass some POS plan in order to avoid a U.S. Debt default. Just for the record, I am not an Obama "fan" since I did not vote for him in 2008 . I voted for Ron Paul in 2008 and will probably do so again in 2012 if I decide to vote. Even if did see the "grand game" being played by the "perpetrators", It will not matter to me because there is nothing that I can do about it. This whole debt ceiling "debate" that they went through is just a soap opera that produced a "watered-down" result (i.e. the debt ceiling "deal").

[MNeagle]

http://gold-silver.us/forum/attachment.php?attachmentid=512&d=1312248731

[AndreaGail]

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

[osoab]

Look who made the vote! Can anyone run the numbers of the day she was shot to the day she returned?

Gabrielle Giffords returns for debt vote (http://www.chicagotribune.com/news/politics/sns-rt-us-usa-debt-giffordstre7706dz-20110801,0,7277842.story)




WASHINGTON (Reuters) - Representative Gabrielle Giffords (http://www.chicagotribune.com/topic/politics/gabrielle-giffords-PEPLT002363.topic) returned to the U.S. House on Monday night for the first time since an assassination attempt, drawing thunderous applause in a rare moment of unity during a contentious vote to raise the U.S. debt ceiling.

Republicans (http://www.chicagotribune.com/topic/politics/parties-movements/republican-party-ORGOV0000004.topic) and Democrats (http://www.chicagotribune.com/topic/politics/parties-movements/democratic-party-ORGOV0000005.topic) alike jumped to their feet and gave a sustained ovation to Giffords, who was shot in the head at close range by a gunman during a political event in Arizona (http://www.chicagotribune.com/topic/us/arizona-PLGEO100101500000000.topic) in January.

Giffords, a Democrat, returned to vote in favor of a bill to raise the U.S. debt ceiling and avoid default.

The congresswoman, who has been undergoing intense rehabilitation and has kept out of the public eye, caught the chamber by surprise.

With two minutes to go in the 15-minute vote, Giffords walked in and hugged House Democratic leader Nancy Pelosi (http://www.chicagotribune.com/topic/politics/nancy-pelosi-PEPLT005126.topic).

The chamber, which has been the site of acrimonious debate and bitter partisan fighting for weeks, erupted in applause after Giffords entered then voted "yes" to the bill.

Giffords, with short dark hair that is growing out after multiple head surgeries, was mobbed by people from both parties who wanted to shake her hand and offer a hug.

Several hundred spectators in the chamber for the vote joined in the applause. House Speaker John Boehner (http://www.chicagotribune.com/topic/politics/john-a.-boehner-PEPLT007549.topic), the top Republican in Congress, said he met Giffords when she got off the elevator on her way in and said "welcome back."

After the vote, Pelosi acknowledged Giffords on the House floor and called her the "personification of courage."

A radiant Giffords blew kisses and waved to Pelosi and the crowd as she stood on her own on the floor. She greeted Vice President Joe Biden (http://www.chicagotribune.com/topic/politics/government/joe-biden-PEPLT007548.topic), who was in the chamber for the vote.

"She has the determination and heart of a lion and she's been working so hard and she knew that it was important for her to have her voice on probably the most pivotal vote that we'll have this Congress," Representative Debbie Wasserman Schultz (http://www.chicagotribune.com/topic/politics/government/debbie-wasserman-schultz-PEPLT005868.topic), a friend of Giffords, told MSNBC (http://www.chicagotribune.com/topic/economy-business-finance/media-industry/msnbc-%28tv-network%29-ORCRP0000017172.topic).

The shooting (http://www.chicagotribune.com/topic/crime-law-justice/crimes/murder/tuscon-shooting-%282011%29-EVHST000097262.topic) at a Tuscon shopping mall killed six people and left 12 others wounded. An Arizona man has been charged.

Though Giffords talked energetically with colleagues and waved constantly to others, she moved gingerly and with caution. Her aides kept a close watch on her, offering a stabilizing hand to sit or support her.

The first sign that Giffords was to return was a tweet from her office: "Gabrielle has returned to Washington to support a bipartisan bill to prevent economic crisis. Turn on C-SPAN now: j.mp/hmYxTM."

A few minutes later, after she cast her vote, Giffords offered up her own tweet: "The #Capitol looks beautiful and I am honored to be at work tonight."

(Additional reporting by Thomas Ferraro, Margaret Chadbourn, Richard Cowan; Writing by Deborah Charles; Editing by Doina Chiacu)

[1970 silver art]

Well..........The debt ceiling got raised. The "crisis" has been averted just in time. PHEW!!!!! That was a close call. We're saved. The Congresswhores saved us. ::)

Since there is no crisis, we can now do the following:

1.) Sell that barbaric yellow metal and sell that white metal DOG since they both will go down from here.

2.) Watch "Dancing with the Stars"

3.) Email or call your Congresswhore and say to him/her "Thank you for saving us from U.S. Debt Default Doom".

4.) Be happy


There is absolutely nothing to see here. Move on. The green shoots will be arriving soon. ::) ::) ::) ::) ::) ::) ::)

[Horn]

The jist of the whole show was geared to an elite congressional panel being formed, effectively bypassing other lowly congress critters

The Oligarchy continues on.