The deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.
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Coy Says Debt Ceiling Drama Will Be Repeated

Oh, the drama…Seriously, Peter knows his stuff. Check it out.

The Perfect Job

U.S. – With the unemployment rate at 9.2 percent, Willie P. Tuck finds himself in the same predicament as 27 million other Americans, unemployed and trying to figure out his next move.

 Tuck has been unemployed for 3 years after losing his job at Target.  And although Tuck imagines himself working again, the fantasy of having a job hasn’t been enough to prompt him to seriously look for a job. 

“I don’t mind working.  It’s fine I guess.  I just don’t want to take the first job that comes to me, plus there’s a lot of goodshows that I still haven’t gotten around to watching on Netflix yet,” stated Tuck. 

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It would seem that someone like Tuck would jump at the chance to get back to work, however Mike Johns, PhD of Economics at the University of Tennessee, stated, like many Americans, Tuck is what you call “lazy.” But don’t judge Tuck too harshly too quickly.  There is a job prospect that Tuck has seriously envisioned himself working in and it is what he calls “a moneymaking pipeline — a loophole in the system,” a position that will keep him living comfortably without working at all. 

 Tuck is speaking about the November 6, 2012 elections where he is running to become a member of the 113th Congress.  Tuck is happy to know that if elected to the House of Representatives, he is guaranteed two more years of income, plus benefits.

 Over the past few years, Congress has been known to do little or nothing because of bullheaded, individual, self-centered interests of its members.  Much like Tuck and his fellow unemployed brethren, member of Congress sit comfortably and hope that Americas problems take care of themselves.

 Tuck is excited about leaving the unemployment line and joining the ranks of Congress.  “Becoming a member of Congress is just like me being unemployed now!  I get to do whatever I want to do, I don’t ever have to lift a finger, produce results, or do anything for the common good of Americans, and I still get paid each month!”  

Tweets for 2011-08-01
  1. sdenaro: RT @BorowitzReport: The main difference between the Tea Party and Angry Birds is that the birds have a clearly defined goal. #debtdeal
  2. sdenaro: RT @BorowitzReport: CONTEST: Name the Default! I’m going with Teapocalypse or Boehnergeddon. #NameTheDefault
  3. sdenaro: RT @pourmecoffee: Fear leads to anger, anger leads to filibuster, filibuster leads to default. — Yoda
  4. sdenaro: RT @pourmecoffee: US politics now a Michael Bay movie - pointless dialogue to fill time and then everything blows up.
  5. sdenaro: RT @PIMCO: Gross: Short Treasury yields are dollar Bills in disguise. NO yield and subject to currency decline.
  6. sdenaro: RT @BorowitzReport: Thanks to the hard work of Republicans in Congress, the catastrophe that they made possible might be avoided. #debtdeal
  7. sdenaro: RT @pourmecoffee: Schoolhouse Rock needs to update branches of government song to include debt Special Committee.
  8. sdenaro: RT @pourmecoffee: Not sure regular families at kitchen table assign random group of neighbors to decide what they can spend.
  9. sdenaro: RT @BorowitzReport: Sorry, Republicans, but you don’t get credit for finding an antidote if you’re the one who administered the poison.
  10. sdenaro: RT @pourmecoffee: Dems like James Bond, keep getting put in elaborate, diabolical murder contraptions, except always getting killed by it.
  11. sdenaro: RT @BorowitzReport: McConnell: “We need to solve this crisis so we can begin the hard work of creating another one.” #debtdeal
  12. sdenaro: RT @BorowitzReport: Reportedly, the debt ceiling will be raised before the Tea Party understands what it is.
  13. sdenaro: RT @BorowitzReport: The Republicans want credit for putting out a fire and hope we’ll forget who started it. #debtdeal
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Posner Says Obama Should Have Acted Unilaterally on Debt

Aug. 12 (Bloomberg) — Judge Richard Allen Posner of the U.S. Court of Appeals for the Seventh Circuit talks with Bloomberg Law’s Lee Pacchia about the legal implications of Standard & Poor’s decision to downgrade the United States’ credit rating.

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