The only question to you from that post is why just about every single thing you had written there was complete bull.
Oh yeah ....White Power:rock:.....explains it all.
Though I must say I did get a really good laugh about the complaint in the video that people haggle over costs, perhaps te politicians should get better at haggling when they are spending instead of paying full price tag plus a huge tip

US debt limit: Obama unveils deal with Congress leaders
 

President Barack Obama says Republican and Democratic leaders have struck a deal to raise the US debt limit.

Under the proposal, which is set for debate and votes in Congress on Monday, the US debt ceiling would rise by up to $2.4tn from the current $14.3tn.

The US government deficit will be cut by a similar amount over 10 years, and a special bipartisan committee will also be set up to agree spending cuts.

http://www.bbc.co.uk/news/world-us-canada-14361383



Note: Update Record,1 August 2011 Last updated at 12:00 GMT

"The Sergeant at arms will remove the disturbance from the gallery!"

So it can get lively in Congress...I was beginning to wonder. :haha:

The market reaction today showed what the "deal" is worth if looked at with reason: almost nothing, it does not adress the structural problems of America, the economy remains to be weak (shown by recent numbers again), and the debt burden is beyond imagination. Putin today called the US' way of economically acting as "irresponsible", "pulling down all the world alongside with it", and "parasitic". I must admit that here he is right, with all three.

Former American ambassador to Germany John Kornblum, who now lives in Germany I think, made some good points in an analysis in a German newspaper yesterday, saying two things:

first, the Republicans are loosing their traditional voters, white Americans of European culture and value heritage and conservative orientation, because the ethnic changes in the Us population will mean that around 2040 or 2041 they will no longer form the majority group in the melting pot's population mixture, but that the Hispanics will then have become the majority group. This will mean that the conservative wing of the Republican party can be expected to kick and hit all around blindly even more desperately. Second, the events about the debt limit and budget plan must be understood as the most obvious sign that the major social conflict of imminent future has reached the USD (and Europe) by now, and that is the distribution war between young and old. The demographic change and overaging of population means that few and fwer working people paying taxes must come up for the support of more and more older people who do not work anymore. This means a cataclysmic overload of the social system in Europe as well as the already much thinner social security system in the US. Political parties servinbg different client group'S interest will clash in bitter fights over saving netto tax payers from being overtaxed versus socially qeak and old people not being left in the dust for committing suicide.

Great fun ahead, both in the UZS and europe. And politicians refused to admit it although they should and could have seen it coming since the 80s. Populrity, you know, and how the desire to be popular makes them lie about unwanted truths.

It is a social timebomb that when it explodes will cause several times as much misery and communal desintegration in Western states than the great depression or the past 3 years of fincial crisis did. Take a grab and fasten your seatbelts - we're going down, and it promises to become one hell of a crashdive.

The left in the Democratic party must be fuming over Obama's "compromises", too. The deal is absolutely hollowing out the complete health care reform, and thgus the major project of this amdinsitration. Also, the rich do not get taxed more (a major left demand that was), and there has been no report in German newspaper abvout closing tax loopholes for big comopanies. The tea party has won this confronation, and achieved a tactical victory: it did major damage to Obama, to a degree that - once it became obvious to the majority of the ordinary population what these cuts and sving will mean - the relection of Obama no longer is a self-runner from now on. The race is open again, and this means that due to this defeat today the chances are growing that a tea party candidate has better chances in the upcoming campaign.

But does it really matter when you are left with the only choices between plague and cholera?

A third power seems to be needed, one that is independent both from the established political structures and the economical lobbies, and that is powerfiul enough so that it can just ignore and bypass the usual ideological trench warfare that paralyses the daily political business. And it'S goal must be not to just win and claim power inside the ruleset of the established system - but to overthrow and replace the rotten, FUBARed system itself, both parties and political systems, and economical lobby networks. And that is true not only for the US, but for Europe as well.

Sounds drastic. And it is.

Great so the solution the big brains in congress kindergarden is to form a committee to look at it later. :o

Wow, that's a pretty gutsy decision.

And this took them how many months to decide?

What sin have we committed to be punished with a congress like this :down:

http://www.bbc.co.uk/news/world-us-canada-14367754



Passed.


What a mess. I can understand why some Democratic Party members are unhappy with this bill, but it's hard to see what options were available to the President and Congressional leaders at this late stage, in terms of getting legislation out the door by August 2nd.

Regarding the argument that this was pretty much inevitable throughout the process - I agree to a degree, but the fact that the consequences of default make a deal inevitable does not excuse thee horrifically adolescent behaviour of some elcted representatives. Really shocking :nope:

http://www.cnn.com/2011/POLITICS/08/...html?hpt=hp_t1

Well if both sides are pissed, it must be a good compromise. :)

However it still does not address the fact that as a ration to our GDP, Federal Revenue is at the lowest since the 1950's.

Must agree with you :yep:

US debt-limit bill heads to Senate before deadline
 

The US Senate is to vote on a bill to raise the nation's debt limit, one day after the House of Representatives backed it and hours before a deadline.

Monday's vote in the House appears to have averted the prospect of the first full-scale US federal debt default.

Members of the 100-seat Senate will vote at midday (16:00 GMT) on Tuesday. If approved it will be signed into law by President Barack Obama.

The deal ties a $2.4tn (£1.5tn) debt increase to spending cuts.

The Senate vote will take place barely 12 hours before Washington is due - according to the US treasury department - to cease to be able to meet all its bills.

http://www.bbc.co.uk/news/world-us-canada-14375146

Note: Update Record, 2 August 2011 Last updated at 12:24 GMT

The bill has passed.

Barry will be making a speech shortly.

Hell, we're well on our way to having reason for just changing the damn name of the country to United States of Mexico.

Heil Hitler! :stare:

I call Godwins Law:


http://knowyourmeme.com/i/000/039/09...dwins-law1.png

Isn't 9 pages a little early for the thread to be godwin'ed for subsim? Id expect 12 or 14 pages before that happened.

But.. it has indeed been Godwin'ed. :har:

Refreshing, a change in ideological bullet points.