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Fold.

269-161.

Or, if you prefer, ruling class 1, American people, well, they don’t really get a say, do they…?

84 Replies to “Fold.”

  1. John Bradley says:

    Important Action Alert: Call your representative…   a motherfucker.

  2. Ernst Schreiber says:

    proscribed roll call?

  3. newrouter says:

    well rep. doyle is a mfer

  4. cranky-d says:

    Lock and load, baybee, lock and load.

  5. sdferr says:

    Good to see David Wu was an aye.

  6. Pablo says:

    If there’s a bright spot, it’s that 95 of them got it right. 340 to go.

  7. Pablo says:

    Wait, 66? I thought I saw 95, live.

  8. sdferr says:

    Dems went 95-95

  9. geoffb says:

    Nice title:

    ” BILL TITLE: To make a technical amendment to the Education Sciences Reform Act of 2002″

  10. happyfeet says:

    Zoe Lofgren voted no she’s the hoochie what’s been stalwartly opposed to Lamar Smith’s fascist fun-with-child-porn bill

  11. dicentra says:

    Yeah, that’s weird: as many Dems voted against as for.

  12. newrouter says:

    here’s aclu’s view of HR 1981

    link

    the tp should work with them to push back big gov’t

  13. serr8d says:

    It seems Boehner was gaming us, if you acknowledge this lefty’s read

    John Boehner is selling the current CBO baseline to his caucus to pass this bill, and the current baseline includes an expiration of the Bush Tax Cuts. The only way for the Bush Cuts to be extended is if the “super congress” committee offsets it with tax hikes or tax reform in other areas. Going after the Bush Tax Cuts in the committee would not count as reducing the deficit, because the baseline already assumes they will expire.

    John Boehner knows this, but most members of his caucus and, admittedly, many members of the Democratic caucus don’t realize it. I didn’t put two and two together myself until late last night.

    If you view this deal from the perspective that there is a guarantee the Bush Tax Cuts will expire, then suddenly the deal swings wildly in favor of President Obama.

    The president offered John Boehner a 4:1, cuts:revenue deal, but what he ended up getting instead is a 1:2, cuts:revenue deal.

    The Bush Tax Cuts account for roughly $3.7 trillion dollars in additional revenue over 10 years. The spending-cuts tentatively agreed to in the deal account for only $2.7 trillion dollars over 10 years. This means there is $1 trillion more dollars in revenue contained inside the deal over 10 years than there are spending cuts.

    Furthermore, the spending cuts contained inside the bill do not come into effect until 2013, after the Bush Tax Cuts expire, meaning the revenue and cuts come into effect at roughly the same time.

    If the rabid members of John Boehner’s caucus realized this, they would probably be calling for his head.

    If it does pan out like this LeftLibProgg believes, then Boehner’s head is the least thing he’ll have to worry about.

  14. dicentra says:

    Heh. Some dude called in to Hewitt and proposed that we collect tribute from the countries we protect by keeping their sea lanes and air lanes clear. Because WTF? We’re paying other countries to put our bases in to protect THEM?

    Hewitt says, “what if they refuse to pay,” and the dude said, “we don’t protect.”

    Hugh acted as if that were a dumb idea. I think the dude was onto something.

  15. bh says:

    Was the guy calling from Rome?

  16. Jeff G. says:

    Palin should denounce deal in the starkest terms possible, note that both parties in DC have decided that what the American electorate wants doesn’t matter to them, and then announce that she’s running for President, on the promise that she will do battle with the political establishment on behalf of the American people, and will refuse to allow them to kick the can down the road.

    The disgust out there over this deal is palpable. Our leadership, a good majority of our elected officials, and the vast majority of our so-called conservative punditry, have all sold us out.

    Bachmann has held her ground nicely, but she’s not getting the pub that Palin would get.

    Right now, I’m all for a third party. And unless someone like Palin or Bachmann or McCotter or Johnson gets the nomination, I’ll not be voting for any Republicans. I’ve left the party for good — though I’ll consider voting for a GOP presidential candidate.

  17. Jeff G. says:

    Palin will be on Van Sustern’s show tonight.

    If she comes out in favor of this, I’ll kick her to the curb, too.

  18. sdferr says:

    McCotter, bless his heart, was an aye.

  19. bh says:

    I’d like to see her unleash a shitstorm. Really would.

  20. dicentra says:

    Was the guy calling from Rome?

    Of course.

    But still, if they want “revenue enhancement,” shouldn’t they get some from outside the country for once?

  21. Jeff G. says:

    McCotter is off my list.

    Very disappointed in Ryan, who must know he’s being groomed for bigger things and is playing the team R game. West, the same.

  22. happyfeet says:

    If Romney is against it you can bet Sarah is too… she’s not gonna let ickle Romneykins flank her on the right no sir

    but I don’t see how this story has legs really … the new story is omg omg it’s a double double dip dip

    which might could play all the way through christmas

  23. happyfeet says:

    McCotter is a proud member of Meghan’s coward daddy’s Main Street Partnership Club.

    To me that’s kind of a deal-breaker like when people ass-rape me vengefully or cut me off in traffic.

  24. Jeff G. says:

    I’m sure if Palin is against it, it’s not out of conviction, but rather because she’s a cumguzzling whore what wants to appear more staunch than Mittens.

    There.

    Now we don’t need to hear from you any more on that particular point.

  25. serr8d says:

    @10, Why is the bill titled “To make a technical amendment to the Education Sciences Reform Act of 2002”? Are we sure we’re looking at the right roll call ?

  26. sdferr says:

    It was a vehicle serr8d, and they changed the name with the next vote

  27. serr8d says:

    A vehicle. Goes with the ‘in the ditch’ meme well enough.

  28. bh says:

    But still, if they want “revenue enhancement,” shouldn’t they get some from outside the country for once?

    Heh.

  29. serr8d says:

    The fat lady might refuse to sing

    “Unfortunately, the bottom line is that (the agreement announced Sunday to raise the U.S. debt limit) is not a one-shot deal to lower the deficit. It basically comes in increments. I suspect that may not satisfy what the credit agencies are looking for,” Cardillo explained.

    For months, the three credit rating firms — Standard & Poor’s, Moody’s Investor Services and Fitch — have warned that they will downgrade U.S. credit if political leaders in Washington don’t address the nation’s long-term debt problems.

    The firms have strongly emphasized the long-term aspect.

  30. happyfeet says:

    here is what National Soros Radio has decided the narrative is about that Mr. serr8d for now anyways

    And so the U.S. isn’t likely to suffer much if the other ratings agencies act. Because on a relative basis, the U.S. is still a pretty good bet for investors.

  31. Jeff G. says:

    Of course not. It’s no longer a crisis. Credit drop? Meh.

    Nothing to see here. Move along.

  32. bh says:

    Alternate view.

  33. Jeff G. says:

    The WSJ called me a Hobbit. Fuck them.

  34. sdferr says:

    I nominate NPR to pay the extra $100B, they can afford it.

  35. bh says:

    Well, absent the WSJ, we could just consider the idea of all NPV calculations going up a tick. That’s going to be oddly systemic in a way that people might not be thinking about now.

  36. Ernst Schreiber says:

    It occurs to me that if Obama & the Democrat Leadership were to call for the passage of the “Omnibus Shame, Ignomy, Desolation and Servitude Government Reform Act” Half the GOP leadership would be in a panic about getting blamed for shame, ignomy, desolation and servitude, while the other half would be worried about coming up with a way to oppose it without appearing partisan and obstructionist. The establishment Republicans would be afraid that opposing the bill would strengthen the tea-party. The old-line, mainline, NR, Weekly Standard conservatives would be focused solely on making sure that shame ignomy desolation and servitude didn’t come with a tax increase. And meanwhile, over in the Senate, the usual suspects would be busy trying to find some cohorts across the isle to help them craft a better bill.

  37. bh says:

    I should put that more clearly. Greater discounts to cash flows. Lower NPVs.

    This will have to enter the models in one way or another.

  38. bh says:

    Ohhh, bit of confusion here. The alternate view of #34 was to the Soros whore comment at #32. Not #33.

    Yes, it’s bad when your credit is downgraded. It’s really bad when it’s downgraded and you’re still traveling in the wrong direction.

    Squid mentioned this somewhere awhile back and he had it exactly correct. This shit can go south far quicker than people think. Positive feedback loops and market psychology can kill you long before you’d guess at the outset.

  39. sdferr says:

    Looks like we may be in for a blow down here next weekend, though for now not a bad awful one.

  40. newrouter says:

    let’s pray that one makes texas.

  41. John Bradley says:

    Ann Barnhardt doesn’t exactly mince words… nor does she suffer a false optimism that Obama is, or ever was, “a good man”.

    Quite the opposite, really.

  42. bh says:

    I’m a bit of a blowhard (bh) so I feel like I have to flesh out what I was saying at #37 and #39.

    We often think of this in terms of interest rates. What’s it cost to borrow money? Is it worth it to borrow money?

    There’s another way this enters the macro picture. All throughout the economy people are making forward looking decisions on what they should and shouldn’t do with cash or assets on hand. You do that by looking at the spread between an extremely low risk investment and the higher risk thing you’re thinking about implementing. There’s a small amount of math involved but at the end of the day, the greater the return spread you’re looking at, the more likely you are to do it.

    When your input number takes even a small tick up, it means something. Because, some non-negligible number of projects won’t be initiated and it’s the fundamental basis for almost all decisions like this across the entire economy.

  43. newrouter says:

    i think cadell is right: they’re both ruling class losers

  44. newrouter says:

    the ruling class never gets blamed in the blame game

  45. Jeff G. says:

    It tells you everything you need to know about politics today when Cadell is schooling Hewitt. Which he did.

  46. newrouter says:

    hughhewitt gop tool

  47. newrouter says:

    bob beckel went through life fat, dumb, demonrat

  48. bh says:

    He’s not the boss of me.

  49. bh says:

    Hewitt, not Beckel.

    (I never comment on time. It’s a constant failing.)

  50. newrouter says:

    miss lindsay has purty tie tonite on greta

  51. newrouter says:

    allen west gop tool

  52. newrouter says:

    meanwhile because condoms and abortion are rare:

    While everyone was watching the debt-ceiling debate, the Department of Health and Human Services announced mandatory coverage of contraceptives (including ones that may act as abortifacients) and sterilization in new insurance plans, with the narrowest of conscience protection.

    link

  53. newrouter says:

    the carrier analogy fails because they just gave 2 trillion to baracky for full speed ahead

  54. geoffb says:

    bh,

    I put this which I had read about a while back somewhere in a comment. Is this the case on things like banks or Money Market funds as I was led to believe?

    “This deal does nothing to stop S&P and Moody’s downgrading our debt. If these two do so then there are built in laws/rules that require many of the financial institutions to sell treasuries in order to be invested in AAA not AA vehicles.”

  55. bh says:

    Yes and no, Geoff. There are pre-existing guidelines that will be followed in some of these instances. In other instances they’ll just hold a meeting and change the guidelines instead.

  56. John Bradley says:

    the Department of Health and Human Services announced mandatory coverage of contraceptives (including ones that may act as abortifacients) and sterilization in new insurance plans

    The mandatory use of same comes later, which will no doubt warm the cold, dead heart of zombie-Margaret-Sanger.

  57. geoffb says:

    Thanks.

  58. LBascom says:

    Ah well, it was a nice country while it lasted.

    Lemme ask, if you had $25,000 in a passbook savings account, and you really wanted to invest it, what do you do?

    I hear America is still the best bet (whatever that means), even if our credit rating is downgraded, and that just scares me.

    Real estate is still going down, and if and when they do away with the mortgage deduction, I’ll be dead of old age before it comes back. Basically, buying these days is like paying rent plus interest to the bank. Better to just rent.

    Gold is too high to get into now, IMO.

    Bonds aren’t even going to keep up with inflation, may as well have the liquidity the savings account gives you.

    Seriously, in this environment, what do you do?

  59. happyfeet says:

    you’re allowed to put 5K in savings bonds in a year and for now you can earn 4.6 on the I series – the EEs you could put another 5k in but I wouldn’t

    but that’s better than your savings account most likely and pretty much as liquid

  60. Ernst Schreiber says:

    I buy $25k of beans and bullets and practice my Lord Humongus pose.

  61. bh says:

    If you want to Lee, I’d be more than happy to talk about that by email. No fee or anything like that. We’re friends.

    I’m mainly gonna talk about funding your retirement account and tax avoidance though. That’s what I do.

  62. geoffb says:

    You can do 10k in the I series. 5K through a bank in a paper certificate and 5K online through Treasury direct. Spouse can do the same for 20K total.

  63. happyfeet says:

    oh. I thought the papers were bye bye.

  64. geoffb says:

    They weren’t as of a couple years ago. Don’t know as of today but thought it hadn’t changed.

  65. happyfeet says:

    you are correct

    How can I buy paper bonds?

    Paper savings bonds remain available for purchase at financial institutions. Also, if you receive a tax refund, you can use it to purchase paper savings bonds by indicating the purchase on standard IRS forms when you file your return. For more information, visit http://www.treasurydirect.gov/indiv/research/faq/faq_irstaxfeature.htm.

    also yes you’re right about being able to do both

  66. geoffb says:

    I knew That you could do both because I did back a couple years ago.

  67. LBascom says:

    Thanks guys, I’ll check out that bond thing closer.

    bh, I appreciate that, I think I’ve already got retirement accounts maxed out on allowable tax deferment. I was mostly wondering beyond that, with a stash of after tax cash just sitting there.

    What about these rumors I’ve heard about a bond bubble forming?

  68. RTO Trainer says:

    FOR RELEASE AT 10:00 AM
    July 13, 2011

    WASHINGTON – The Bureau of the Public Debt announced today that as of January 1, 2012, paper savings bonds will no longer be sold at financial institutions. This action, which supports the U.S. Department of the Treasury’s goal to increase the number of electronic transactions with citizens and businesses, will save American taxpayers approximately $70 million over the first five years.

  69. bh says:

    Sounds like you’re in good shape then, Lee.

    Problem is that you can’t go off and chase returns now. Just how it goes.

    Here’s what I say about the bond bubble forming: if you can figure it out and then we make money on it? I’ll give you half.

    Who knows? I don’t.

  70. Physics Geek says:

    Hugh Hewitt: “Shit sandwich surprisingly tasty. I give it a B+.”

    Looks like a real housecleaning is in order come 2012. And 2014. And 2016…

  71. serr8d says:

    OT, Jeff, as a palate cleanser you might want to read Stanley Fish’s latest take on moral relativism vs. moral absolutes. Does Philosophy Matter?

  72. Joe says:

    “I stand here in abject stupefaction. The so-called ‘right’ or ‘Tea Party’ in this republic is being so thoroughly rolled and defeated that I am struggling to come up with an adequate violent submission metaphor that does not involve prison rape . . .”

    – Thomas Lifson, American Thinker

  73. happyfeet says:

    I think that’s actually an Ann Barnhardt quote Mr. Joe

    Ann is a true American patriot

  74. happyfeet says:

    VAN SUSTEREN: Well, you know, I think — it will be interesting to see what happens. The Tea Party, I think, had an enormous victory, because they did change the discussion here in Washington. It’s a little bit like trying to change the direction of an aircraft carrier. It’s not easy. So they certainly, I mean, that’s huge.

    And I’m sort of curious whether the American people will now sort of take a bow, those who are Tea Party activists, and go back to their lives, which are very busy and very full, and they’re worried about their own lives, or whether this is now going to — now they’ll take this victory and move on. I don’t know.

    PALIN: Well, I think that we shall take this victory and make sure that our politicians in office today are learning from this victory, realizing that it’s not 100 percent pure, genuine victory, because realize, Greta, we just handed the most liberal president, I believe, in U.S. history a $2.4 trillion debt increase. We’re allowing him to increase the budget even more, and without guaranteed cuts, and without guaranteed reforms.

    And we have to make sure that we realize that, yes, this is a victory, because Tea Party patriots did shift the debate. However, there’s so much more work to do in order to get the economy back on the right track and to restore the exceptionalism that is America.

    […]

    But yes, there’s — it’s a step in the right direction. Yet still, you know, I’m not celebrating as a pure 100 percent victory, the actions that have been taken, because, again, we’re handing a very liberal president and his colleagues a check in order to spend even more money that we don’t have.

    I don’t have any comment I just was curious what she said

  75. Jeff G. says:

    Fortunately I watched the thing, happyfeet. Greta framed it as changing the conversation in DC, and in fact went on and on about it. She also expressed her disdain that the cuts were backloaded. Palin agreed to the part of the “victory” about changing the conversation but went on to make clear that she didn’t like the deal itself, and that changing the conversation doesn’t keep Obama from spending another couple trillion.

  76. Jeff G. says:

    Incidentally, if you’re grabbing transcript excerpts, Bachmann was on Hannity’s show last night. I missed most of that interview, so go grab that one if you wouldn’t mind.

  77. happyfeet says:

    ok let me get my green tea from the kitchen then I look

  78. happyfeet says:

    here is the video of the interview hah his hair changered up colors since last time I saw him

    here is a write-up from “newsmax”

  79. The bastards cheered. Time to eat the minstrels.

  80. sdferr says:

    Greta has a tendency to confuse political issues more than she helps to clarify. She doesn’t do that with criminal trial stuff I think, so it’s evidently not an incapacity to seek or find clarity. But I don’t watch her enough to have a sense of what’s up with that.

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