Fool Transcript

[zdo 20]

Fool Transcript of last nights speech:

 

Good evening. Tonight, I want to talk about the debate we’ve been having in Washington over the national debt – a debate that directly affects the lives of all Americans.

For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, through compromises, the money was spent on trillions of dollars in new tax cuts, while two wars and an expensive prescription drug program, a seed crystal for my oboma care program, were simply added to our nation’s credit card.

 

As a result, the deficit was on track to top $1 trillion the year I took office. To make matters worse, the recession meant that there was less money coming in, and it required us to spend even more – to spend ? on tax cuts for middle-class families; on unemployment insurance; on aid to states so we could prevent more teachers and firefighters and police officers from being laid off because a major portion of my support comes from government unions and workers . These emergency steps also added to the deficit – never let a crisis go to waste you know.

 

Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. More of your tax dollars will go toward paying off the interest on your loans. Your loans you never even asked for. Businesses will be less likely to open up shop and hire workers in a country that can’t balance its books. Did I just say that with a straight face? Interest rates could climb for everyone who borrows money – the homeowner with a mortgage, the student with a college loan, the corner store that wants to expand. And we won’t have enough money to make job-creating investments in things like education and infrastructure, or pay for vital programs like Medicare and Medicaid. I don’t mean to scare you. Oh what the heck, I do want to scare you. The purpose of this whole speech is to scare you again and again.

 

Because neither party is blameless for the decisions that led to this problem, both parties have a responsibility to solve it. And over the last several months, that’s what we’ve been trying to do. Even though I should, I won’t bore you with the details of every plan or proposal, but basically, the debate has centered around two different approaches.

The first approach says, let’s live within our means by making serious, historic cuts in government spending. Let’s cut domestic spending to the lowest level it’s been since Dwight Eisenhower was President. Let’s cut defense spending at the Pentagon by hundreds of billions of dollars. Let’s cut out the waste and fraud in health care programs like Medicare – and at the same time, let’s make modest adjustments so that Medicare is still there for future generations. Finally, let’s ask the wealthiest Americans and biggest corporations to give up some of their tax breaks and special deductions.

This balanced approach asks everyone to give a little without requiring anyone to sacrifice too much. Fiat money and its inevitable inflation and the It would reduce the deficit by around $4 trillion and put us on a path to pay down our debt. And the cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right now. Even though I’m doing all I can to cripple small businesses and innovative startups.

 

This approach is also bipartisan. While many of the outright socialists in my own party aren’t happy with the painful cuts it makes, enough moderates in name only will be willing to accept them if the burden is 'fairly' shared. While Republicans might like to see deeper cuts and no revenue at all, there are many republicans in name only in the Senate who have said “Yes, I’m willing to put politics aside and consider this approach because I care about solving the problem.” And to his credit, this is the kind of approach the Republican Speaker of the House, John Boehner, was working on with me over the last several weeks.

 

The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a cuts-only approach – an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all. Never mind that they would pass it through anyway and wouldn’t really contribute any more than they are now. And because nothing, nothing nada, not a thing, is asked of those at the top of the income scales, such an approach would close the deficit only with more severe cuts to programs we all care about – cuts that place a greater burden on working families. Cuts would not place a greater burden on working families. Working families pay their own way.

So the debate right now isn’t about whether we need to make tough choices. Democrats and Republicans agree on the amount of deficit reduction we need. The debate is about how it should be done. Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for? Yes, it was ‘republicans’ that gave you those tax breaks you never asked for. Us good commies never ask for tax breaks.

 

That’s not right. It’s not fair. We all, myself and my supporters exempted of course, want a government that lives within its means, but there are still things we need to pay for as a country – things like new roads and bridges; weather satellites and food inspection; services to veterans and medical research. Never mind that I still have us mired in new wars all over the place we have no business in.

 

Keep in mind that under a balanced approach, the 98% of Americans who make under $250,000 would see no tax increases at all. I’ve used this lie successfully before so I’m going to keep repeating it. None. Let me repeat that lie one more time. None. In fact, I want to extend the payroll tax cut for working families. What we’re talking about under a balanced approach is asking Americans whose incomes have gone up the most over the last decade – millionaires and billionaires – to share in the sacrifice everyone else has to make. They do not share enough. I must redistribute. And I think these patriotic Americans are willing to pitch in. Never mind many of them are getting second passports and moving funds out of here as silently and quickly as possible. In fact, over the last few decades, they’ve pitched in every time we passed a bipartisan deal to reduce the deficit. The first time a deal passed, a predecessor of mine made the case for a balanced approach by saying this:

“Would you rather reduce deficits and interest rates by raising revenue from those who are not now paying their fair share, or would you rather accept larger budget deficits, higher interest rates, and higher unemployment? And I think I know your answer.”

Those words were spoken by Ronald Reagan, who also had the same bosses as I do. But today, many representatives in the House, elected by and representing people who have had enough of my bosses, refuse to consider this kind of ‘balanced’ approach – an approach that was pursued not only by President Reagan, but by the first President Bush, President Clinton, myself, and many Socialist and Republicrats in the United States Senate. So we are left with a stalemate.

 

Now, what makes today’s stalemate so dangerous is that it has been tied to something known as the debt ceiling – a term that most of the stupid people outside of Washington have probably never heard of before.

 

Understand this lie – raising the debt ceiling does not allow Congress to spend more money. It simply gives our country the ability to pay the bills that Congress has already racked up. Please understand this you stupid little americans. By borrowing more money we can pay our current bills. If our current bills are paid then we can buy more support by spending more of your money. In the past, raising the debt ceiling was routine. Since the 1950s, the bosses have demanded it. Congress has always passed it, and every President has signed it. President Reagan did it 18 times. George W. Bush did it 7 times. And we have to do it by next Tuesday, August 2nd, or else we won’t be able to pay all of our bills. I don’t understand why it can’t continue to be routine when it serves my purposes.

 

Unfortunately, for the past several weeks, certain House members have essentially said that the only way they’ll vote to prevent America’s first-ever default is if the rest of us agree to their deep, spending cuts-only approach. They have this notion that we actually need to do something about this situation now instead of letting it get much worse.

If that happens, and we default, we would not have enough money to pay all of our bills – bills that include monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses. Scared a bunch of you dumbasses with that lie, didn’t I?

 

For the first, well not quite, but who’s really counting, time in history, our country’s Triple A credit rating would be downgraded, leaving investors around the world to wonder whether the United States is still a good bet. Never mind that what we do isn’t really the determining factor in whether our rating is downgraded or not. Really it’s my bosses who decide that. Also, don’t bother to check how corrupted and totally innaccurate those ratings have become. If my bosses think it’s time, interest rates would skyrocket on credit cards, mortgages, and car loans, which amounts to a huge tax hike on the American people. We would risk sparking a deep economic crisis, like we don’t already have one – one caused almost entirely by Washington. That would be a first. I hope I’ve scared you dummies into compromise.

 

Defaulting on our obligations is a reckless and irresponsible outcome to this debate. And Republican leaders say that they agree we must avoid default. But the new approach that Speaker Boehner unveiled today, which would temporarily extend the debt ceiling in exchange for spending cuts, would force us to once again face the threat of default just six months from now. In other words, it doesn’t solve the problem.

 

First of all, a six-month extension of the debt ceiling might not be enough to avoid a credit downgrade and the higher interest rates that all Americans would have to pay as a result. We need a much steeper concentration of power up here people. We know what we have to do to reduce our deficits, even though we have no intentions of doing it; there’s no point in putting the economy at risk by kicking the can further down the road. Scared yet? I said putting the economy at risk! This kind of talk helps me and my media pass the blame when things do get worse and they will get worse. I promised delusional hope and change and I’m going to deliver – even if I have to crush the constitution and those who believe in it.

 

But there’s an even greater danger to this approach. Based on what we’ve seen these past few weeks, we know what to expect six months from now. The House will once again refuse to prevent default unless the rest of us accept their cuts-only approach, and that could really mess up things in my upcoming re-election bid. Again, they will refuse to ask the wealthiest Americans to give up their tax cuts or deductions. Again, they will demand harsh cuts to programs like Medicare. I need to scare my dependent base a few more times this speech. And once again, the economy will be held captive unless they get their way. Never mind the economy is already held captive.

 

That is no way to run the greatest country on Earth. Don’t tell anyone but the way we’ve been running it is even worse! It is a dangerous game we’ve never played before, and we can’t afford to play it now. Actually we’ve been slowly playing it for decades now, but we won’t go into that now, when we really need to. Not when the jobs and livelihoods of so many families are at stake. In other words, government really is the best source of jobs and livelihoods. Even though we been increasingly doing it for almost a hundred years now, we can’t allow the American people to become collateral damage to Washington’s political warfare.

 

One of the most upfront guys I know Tim Geithner says Congress now has one week left to act and there are still paths forward. The Senate and only the Senate has introduced a plan to avoid default, which makes a down payment, funded out of your equity by the way, on deficit reduction and ensures that we don’t have to go through this again in six months. Course now if we actually cut spending by a whole bunch, we wouldn’t have to go through this again in six months either. Was I supposed to say that?

 

I know that’s a much better path, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. Fat chance of me really doing that… oops. Either way, I have told leaders of both parties that they must come up with a fair compromise, that means do it my way, in the next few days that can pass both houses of Congress – a compromise that a narcissist can sign. If I go directly against what the peaple of this nation who are actually paying the bills want and don’t sign something they really want, it won’t be my fault if. And I am confident we can reach this compromise. Despite our disagreements, Republicrat leaders and I have found common ground before - because the Republicrats have the same bosses I do. And I believe that enough members of both parties will ultimately put politics aside and help us become even more progressive. And more broke.

 

I realize that a lot of the new members of Congress and the stupid citizens who sent them there and I don’t see eye-to-eye on many issues. Statism, individual freedoms, redistribution of wealth, and socialism to name a few. But we were each elected by some of the same Americans for some of the same reasons. Snick snick. I personally don’t, but yes, many want government to start living within its means. And many are fed up with a system in which the deck seems stacked against middle-class Americans in favor of the wealthiest few. That line works every time. But do you know what people are fed up with most of all?

 

They’re fed up with a town where compromise has become a code word for keeping us in control. They work all day long, many of them scraping by, just to put food on the table. And when these Americans come home at night, bone-tired, and turn on the news, all they see is the same partisan three-ring circus here in Washington. They see bought and paid for leaders (tongue is cheek) like me, who can’t seem to come together and do what it takes to make life just a little bit better for ordinary Americans. They are offended by that. And they should be.

 

The American people may have voted for divided government, but they didn’t vote for a dysfunctional government. Well maybe they did. They elected us. But anyway, I’m asking you all to make your voice heard. If you want a balanced approach to reducing the deficit, let your Member of Congress know. If you believe we can solve this problem through compromise, send that message. Never mind that it was ‘compromise’ that got us into this mess in the first place.

 

America, after all, has always been a grand experiment in compromise. As a democracy, yes that’s another code word for socialists, made up of every race and religion, where every belief and point of view is welcomed, we have put to the test time and again the proposition at the heart of our founding: that out of many, we are one. We have engaged in fierce and passionate debates about the issues of the day, but from slavery to war, from civil liberties to questions of economic justice, we have tried to live by the words that Jefferson once wrote: “Every man cannot have his way in all things…Without this mutual disposition, we are disjointed individuals, but not a society.” Still, I seriously would like my way here, which is more control and a free ride through the election and don’t mind manipulating the hell out you dummies to get it.

 

History is scattered with the stories of those like who held fast to rigid ideologies and refused to listen to those who disagreed. But those are not the Americans we remember. We remember the Americans who put country above self, and set personal grievances aside for the greater good. Only at time like this would I ever remind you that we remember the Americans who held this country together during its most difficult hours; who put aside pride and party to form a more perfect union.

 

That’s who we remember. That’s who we need to be right now. The entire world is watching. So let’s seize this moment to show why the United States of America is still the greatest nation on Earth – not just because we can still keep our word and meet your obligations by pay debts you the actual people would never had incurred, but because we can still come together as one nation. Normally I wouldn’t say this but I got to work the dumbies in this country tonight so Thank you, God bless you, and may God bless the United States of America, with apologies to my muslim brethren and enlightened elitist atheist friends of course.

[SIUYA 11]

why is he a fool.........?

[MightyMouse 12]

Smoke and Mirrors.

 

The only way that we can default is if the FED ceases printing money. They remain committed to doing whatever it takes to keep the economy on track.

 

It's a silly notion designed to weaken support for the democratic party and at the same time stall until the last minute to quickly push through new spending measures with little time to read the details.

 

The fact is that the US does not intend on meeting any of its obligations. If your country sells goods and services to the USA, then consider the money we owe you as a future discount on purchases we make today.

[zdo 20]

re "why is he a fool.........? "

 

While I do assert that he has a serious character disorder, I wasn't in any way insinuating that he's a fool. It started out titled the "Full Transcript of 7/25/11 Speech"... but by the time it was done it had become the "Fool Transcript of ... " The fools were people like me who listened to it ... and were fooled by it...

[Tams 20]

he's a pretty smart fool

[phantom 16]

he's a pretty smart fool

 

No, he's a friggin' politician...

[phantom 16]

he's a pretty smart fool

 

No, he's a politician...

[Tams 20]

whoever is the fool,

smart money will liquidate their position into the weekend.

the problem will always be solved,

one way or another,

but at the mean time,

smart money requires no transcript.

[phantom 16]

zdo,

 

Is this your original material?

If so, you should be a political satirist.

 

This is brilliant stuff!

 

 

Luv,

Phantom

[phantom 16]

whoever is the fool,

smart money will liquidate their position into the weekend.

the problem will always be solved,

one way or another,

but at the mean time,

smart money requires no transcript.

 

TAMS,

 

Your smack is so fresh.

 

Where DO you come up with this stuff?

[zdo 20]

Just in case you got scared / 'concerned' by the administration's "distrastrous consequences" theme of late and the incessant reinforcement by the mainstream media

or

Just in case you been drinking up the media message and / or you just want to blame Bush (and all that goes along with that)...

 

http://www.zerohedge.com/news/bush-vs-obama-facts-and-observations

 

... if Bush was a traitor (and he was), then what does that make Obama?

:helloooo:

 

Lies to everyone and broken promises (mostly to his dupes), etc, etc. = ...more credibility 'gap' ?

http://www.cnbc.com/id/43943482

Edited July 31, 2011 by zdo

[zdo 20]

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