Submitted by Tyler Durden on 08/01/2011 - 00:43 Congressional Budget Office default Medicare national security ratings Ratings Agencies recovery Unemployment Unemployment Insurance White House
Hot off the presses, here is the White House's very own "debt deal" fact sheet, which is apparently a "win for the economy and budget discipline." Which is great since we already know it is a win for the GOP and the Democrats. In other words, the only thing better than a Win-Win, is a Win-Win-Win... in which the only loser, of course, is America. We caution readers on high blood pressure medication, on blood thinners, those on dialysis, and those prone to incontinence or murderous acts of rage to please skip this post.
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http://www.zerohedge.com/news/bipartisan-debt-deal-fact-sheet-victory-republicans-democrats-and-course-white-house
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Mon, 08/01/2011 - 01:35 | Link to Comment TruthInSunshine
TruthInSunshine's picture
What a laughingstock we must be to the rest of the world.
The Ponzinomics, fractional reserve, fiatski-laden, toxic debt infused, ebola infested balance sheet economies of our planet are more the rule than the exception.
One thing is for sure, however, amongst every nation that is branded with the long arm of the Red Shield:
Austerity is just another word for central planning, whereby the productive class is sucked dry by government, so that the cronies around the crony capitalism/kleptocratic roundtable can suckle at the taxpayer teat.
This will only worsen what is now becoming our economic depression and hasten the demise of the Ponzi, however, and I had always maintained that the productive members of the middle class and upper middle class would have to feel extreme pain before they did anything to educate themselves as to how the bankers own this government, literally (this is not taught in American Educational Textbooks), and how their effort, blood, sweat and tears is being literally stolen from them, in order to nurse the very low and very high extremes of society.
2008 marked the true beginning in the final phase of the new Great Train Robbery, whereby the thug politicians managed to maintain support for the welfare class (now 3rd and 4th generation who don't know of any other form of subsistence), and dramatically increased transfer payments extracted from the meaty center of the (now shrinking) middle and upper middle class, in order to absolutely plow those monies into the hands of the do nothing, shape shifters of Wall Street and the banks, which have received and will now continue to receive an aggregate sum of 'free and risk free' money in an amount that would make even despots and Robber Barons blush with embarassment.
Bring on the full depression, because economic pain is the only thing that will cause the necessary revolt that will forge the interest, determination and willingness to act on the part of the middle and upper middle class (whom the parasites feed off of) that will allow for a culling of the treasonous politicians that sold the nation out.
America is deathly ill due to a now incurable parasitic infestation. The host is near death. This 2008 to 20xx? process of subsidization of the banks and Wall Street via taxpayers shakedowns is the event that takes us to the Great Reset.
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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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