On Wed, 27 Jul 2011 15:52:47 -0600, Canuck57
wrote:

On 27/07/2011 12:30 PM, X-Man wrote:
On 7/27/11 1:05 PM, Canuck57 wrote:
On 27/07/2011 10:56 AM, X-Man wrote:
On 7/27/11 12:49 PM, Canuck57 wrote:
On 27/07/2011 10:43 AM, wrote:
On Wed, 27 Jul 2011 10:09:19 -0600,
wrote:

On 27/07/2011 7:51 AM, Jay wrote:
On 7/27/2011 6:31 AM, X-Man wrote:
Debt crisis: Republicans scramble to rewrite plan following figures
bungle

Embarrassment for Congress speaker John Boehner after budget office
finds $350bn hole in his original proposal


Graeme Wearden
guardian.co.uk, Wednesday 27 July 2011 10.07 BST
Article history

The US debt crisis has escalated after Republicans were forced to
rewrite their proposal to lift the debt ceiling, because they
miscalculated how much the original plan would cut spending.

In an embarrassing development for John Boehner, the Republican
Congress
speaker, the Congressional Budget Office (CBO) ruled on Tuesday
night
that his bill would have only cut spending by $850bn (£517bn)over
the
next decade, not the $1.2tn he had aimed for. Republicans are now
racing
to rewrite the legislation, and have pushed back a congressional
vote on
the plan from Wednesday to Thursday at the earliest.

Although Boehner was already struggling to find support for his
package,
the delay increases the risk that Washington will fail to agree a
deal
to raise the debt ceiling before 2 August, when the federal
government
is expected to run out of money.

- - -
Another one of those well-thought-out blank pages Republican
proposals...

Why is Obama still insisting he be written a blank check. He is
standing
in the way of Congress working to come together to try to solve this
problem. ONE MAN is standing in the way of making progress. He has
successfully Polarized Congress and increased the chances that he
will
have his way. Do you really want to give into the lies and false
hope
and dubious change. Surely, by now, you see the path this man is
leading
us down is ruinous.

Yep. And I get a kick out of Obama's use of "compromise", yep,
compromise America's future with debt-bankruptcy. No real American
would want to see his country hit hard with debt-bankruptcy.

CNN didn't report like the UK, Russian and Chinese media on Hilary
being
called in by the Chinese for a meeting. Your liberal media is
brainwashing America.

Moody's downgrade should have happened years ago. Any time a debtor
has
to print money to pay its debts, that isn't borrowing, and isn't
solvent, it is bankrupt. Bernanke US Fed fraud, call it something
sexy
like Quantitative Easing but most know it for what it is, currency
fraud.

Fact is US is unable and unwilling to pay its bills with real money.
Thus, a AAA rating is 100% bogus. Tells me Moody's as a rating agency
isn't worth a dead rats cold ass.

Obama is ruing the US. No country ever that has tried this economic
policy has succeeded. None. Plenty have tried and have had major
economic fallouts from it. Some even got wiped out as nations and not
just the ensuing poverty.

How many know that in just 5 years the USD has lost over 30% of its
value against the Yuan? Pretty bad when the Mexican peso outperforms
the USD for 2 years now.

You've been struggling to find support for years.

I don't need support, I am not the one going bankrupt.

I posted my money market account statement. Where's yours?

Yep, I saw that. A blank chirp.

So are you worried your government check is going to bounce next week?




A blank chirp? What the hell does that mean? There's more in that
account than you've seen in your miserable lifetime. Well, there is for
the moment. Most of it will be moving on out in a couple of days, as it
always does.

Let's see your money market account statement, Mr. Empty Pockets.

Actually, I don't have anything in the money markets. As I said before,
I have gold, oil, other precious metals and a small amount in food
processing where I think they can pass on the costs of Obamanation.

I have a pile of cash waiting for the crash, but none is in "money
market". Few realize the money markets while often insured can loose
money and be a pain in the ass in liquidity if your in them at the wrong
time. Plus I can put more in than is insurable, but not worth the risk
for some 0.00001% Obamanation rate. Some money markets now have a 3 day
hold on redemptions. Check it out. Is $10 interest on $300K worth it?
Not here.

In fact I just turned down a one year 3.6% bond from my bank this
afternoon. They are calling those with cash trying to lure them into
lending money. I just said in todays market lending money is just
downright stupid no mater how it is done.

Call me when inflation+taxes+risk+reward is realistic, and my current
rate for this is 9% for the est of creditors.

I don't look at any investment unless I think it returns me more than
10% in the next year. Not worth the risk and I can out wait the
fleabaggers.

Have a pile of cash,
Waiting for the Obama crash,
So I can add to my stash.

But my hoard of gold,
True like times of old,
As gold never gets mold.

Have a pile of cash,
Waiting for the Obama crash,
So I can add to my stash.

While debtors with fright,
Over their plight,
I sleep well tonight.

Have a pile of cash,
Waiting for the Obama crash,
So I can add to my stash.

With more debt,
Begets more regret,
No more credit.

Have a pile of cash,
Waiting for the Obama crash,
So I can add to my stash.

You have no money and nothing to speak of below your belt.