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Sunday Morning Comics - Debt Ceiling Edition

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Brought to you by Educational Cut Backs - Americans Lacking in Economic and Mathematical Understanding a Problem? Does 1+1=3?
Cup O' Joe

 

Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the money funnies.

 

Breaking...The Onion News: Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined:

Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides, and that the debate over ensuring America’s financial solvency versus allowing the nation to default on its debt—which would torpedo stock markets, cause mortgage and interests rates to skyrocket, and decimate the value of the U.S. dollar—is “certainly a conversation worth having.” "Obviously, we don't want to rush to consensus on whether it is or isn't a good idea to save the American economy and all our respective livelihoods from certain peril until we've examined this thorny dilemma from every angle. And if we’re still discussing this matter on Aug. 2, well, then, so be it.” At press time, President Obama said he personally believed the country should not be economically ruined.

Armadebtdon 2011 - National Bulls**t Ceiling

 

An Economy Destroyed -- The Enemy Is Washington

Originally published by OpEdNews.com
by Paul Craig Roberts
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Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are make-believe crises that are being hyped in order to force cutbacks in Medicare, Medicaid, and Social Security.

If the rating agencies downgraded Treasuries, the company executives would be arrested for the fraudulent ratings that they gave to the junk that Wall Street peddled to the rest of the world. The companies would be destroyed and their ratings discredited. The US government will never default on its bonds, because the bonds, unlike those of Greece, Spain, and Ireland, are payable in its own currency. Regardless of whether the debt ceiling is raised, the Federal Reserve will continue to purchase the Treasury's debt. If Goldman Sachs is too big to fail, then so is the US government.

Obama's Budget Betrayal - Questions and Answers

Question: Why did President Obama put Social Security and Medicare on the table in the budget negotiations when 80% of the people oppose cuts to these programs?

Answer: The president is not in office to represent those people. He was selected, funded and carried over the finish line by corporate America. Look at the appointment of Wall Streeter Timothy Geithner, the bailouts, and the failure to prosecute any of the crooks who caused the current recession. He's serving the people who put him in office. Those people don't need Social Security and Medicare.

Q: Doesn't the president need to worry about reelection? Why would he risk that by going against such a large majority?

A: President Obama has no personal or financial risk if he loses his job.. He has a tidy lifetime pension and will, no doubt, be on plenty of corporate boards, not to mention the opportunities for huge speaking fees. There is less political risk than you might think. The only Republican presidential candidate who might be other than certifiable is the largely unknown John Huntsman, former governor of Utah and Obama's ambassador to China. The rest would do much more harm to seniors than Obama concessions this time around (if they materialize) and people know that.

While Social Security is Under Attack, Billions are Lost in Afghanistan

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shrink wrapped dollars iraq
This is just an amazing insult to the U.S. middle class and tax payer. While our social security is being decimated under the Congressional and Administration made debt ceiling crisis, a new report shows the United States is losing billions in Afghanistan. Literally the money disappears.

The Special Inspector General for Afghanistan Reconstruction released an audit that shows, literally, our U.S. tax dollars are disappearing and probably into the hands of those who are trying to kill us.

efforts to safeguard U.S. cash entering the Afghan economy and to develop the Afghan financial sector have been hampered by limited interagency coordination, inconsistent Afghan cooperation and insufficient cash controls.

SIGAR found that U.S. agencies have limited visibility over U.S. cash that enters the Afghan economy -- leaving it vulnerable to fraud and diversion to the insurgency. SIGAR also found that poor cooperation by the Afghan government has impeded U.S. efforts to help develop the Afghan financial sector.

Running Rupert to Ground – Vox Populi, Vox Dei

How will they get rid of Rupert Murdoch and his toxic enterprises?

July 4, 2011 may turn into the people's Independence Day.  On that day, stellar journalist Nick Davies of the Guardian released his story; Missing Milly Dowler's voicemail was hacked by News of the World.  Twelve year old Milly Dowler had been kidnapped with foul play feared.  The Murdoch tabloid couldn't resist.  News of the World (the News) hired a private detective to hack Milly's voicemail.  Finding the mail box full, the News or its hired dick deleted existing messages to make room for new ones, all to fuel their ongoing coverage.  The deleted messages raised hopes by Milly's parents that she was still alive and using her voicemail. (Image)

The Davies story elicited a reaction of near universal shock, outrage, and revulsion.  Milly had already been murdered by the time the Murdoch paper began its illegal tapping.

The public revulsion resulted in immediate and fervent popular demands for justice.  Those demands were compounded by follow-up stories on other Murdoch media hacking.  As it turned out, the News also broke into the voicemails of war widows to capture their most intimate exchanges on the loss of fallen soldiers in Afghanistan and Iraq.   All in all, at least 4,000 citizens had their voicemails hacked to boost the Murdoch publication's circulation and profits.

Driven by broad public ire, Murdoch's empire began unraveling immediately.  He became a target for those he'd tormented, particularly in politics.  In just a few days, he became anathema for those he'd placed in power, indicating the focused intensity and force of public outrage.   Conservative Prime Minister David Cameron fell in line with Labour Party Leader Ed Milliband's call to stop Murdoch's critical acquisition of pay TV network BSkyB.  The Independent spoke of Murdoch having to abandon his United Kingdom media properties.

The crisis spread across the Atlantic when Senator John D. (Jay) Rockefeller demanded that law enforcement look into possible voicemail and other electronic surveillance of 9/11 survivors in the United States by  Murdoch's News Corporation.

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