Both Democrats And Republicans Need To Be Imprisoned
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-12-28 12:39
by Karl Denninger
in Federal Government
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Both Democrats And Republicans Need To Be Imprisoned
 

Fraud is a crime.  When material amounts of money are involved it's a felony.  Both major political parties, all 536 of their members who infest Washington DC, are guilty of this offense and must be imprisoned.

Here's why.

You have all heard by now I'm sure that there are two "must do's" before 12/31 when it comes to tax policy and such -- the first is AMT and the second is the so-called "Doc Fix" for Medicare and Medicaid.

Why are both of those annual things?  Why have neither party fixed this permanently?  Why were the Bush "tax cuts" set to expire?  Why are the other "tax cuts" such as the Payroll tax cut automatically set to expire?

The answer is fraud.  Outrageous, criminal, seditious fraud.  Fraud upon the public.  Fraud upon ratings agencies.  Fraud upon bond-buyers.  Fraud upon the CBO.

Why do I level this charge?  Because it is irrefutably true.

The CBO along with all other official deficit, debt and budget estimates are based on current law.  They have to be, under the law.  Law that Congress passes.

This means that by having "current law" expire the AMT inflation index every year the CBO's budget deficit estimates, along with everyone else's including Lying Ryan's, are intentionally understated, as under "current law" those taxes are all computed as if the indexing and thus breaks expire at the end of the current year, and thus all forward years grossly and intentionally overstate revenue and grossly and intentionally understate expenditures.

This, incidentally, is a big part of why the CBO in 2000 projected that by 2010 there would be no national debt.  At all.  On the last day of 2000 total national debt (including Social Security and Medicare) stood at $5.66 trillion.

Today it is $16.338 trillion, or approximately three times as much.

That projection forward was an intentional lie, that is a fraud, promoted upon the public and bond buyers by the United States Congress and Executive and effectively forced upon the CBO through this fraudulent and outrageous practice.

This is the reason that all of these "tax and spending bills" are not permanent changes in the law.  This is one of the many devices that the fraudsters that infest our government, including the President of the United States, John Boehner, Nancy Pelosi and the entire rest of the United States Congress foist off on the American public.

It is all a intentional scam that pervades our entire government, from top to bottom.

These people do this for the explicit and intentional purpose of causing the CBO and other budget analysts to intentionally misrepresent the amount of debt and borrowing that the government will do in future years.

They have been at this crap for 30 years and it is still continuing today.

And it will continue until you, the citizen, demand that it stop.

If I had pulled that crap when I ran my company I would still be in pound-me-in-the-ass prison.

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User Info Both Democrats And Republicans Need To Be Imprisoned in forum [Market-Ticker]
Noodleman
Posts: 2390
Incept: 2008-11-01

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Yep. Book cookin'. If a private business cooked it's book in such a fashion the IRS would be all over them like stink on crap.

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Wearedoomed
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And you, my father, there on the sad height,
Curse, bless me now with your fierce tears, I pray.
Do not go gentle into that good night.
Rage, rage against the dying of the light.
Captainkidd
Posts: 594
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Silver
Pasadena, Texas
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Quote:
Yep. Book cookin'. If a private business cooked it's book in such a fashion the IRS would be all over them like stink on crap, unless it was a bank, brokerage firm, Large Union Shop, Massive Political Contributor, or owned and run by a friend of The Obama.


FIFY........ smiley

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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
Mdm
Posts: 333
Incept: 2010-10-13

South Florida
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Very interesting. Until now, I've never heard anyone explain why these tax and spending bills have expiration dates and admittedly, I never thought anything of it. This explanation makes absolute sense. Thank you for pointing this out. Another piece of knowledge to debate the deniers with.
Arw
Posts: 218
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One of the more distressing moments of my voting life came when I realized that the party of "small government" was but a hoax. Republicans, like their Democratic step-brother, are in the business of exapnding the power and reach of the federal government. Disagreement exists only at the margins. After all, Justice Scalia, the poster child of a conservative and originalist judiciary, believes there should be some limits to the 2nd Amendment. He can be counted on then to be part of the consensus to limit our rights.
Duc888
Posts: 7368
Incept: 2008-11-06
Gold
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How's that cuttin' FedGov workin out there?

LOL.

Quote:
Obama Orders Pay Raise for Biden, Members of Congress, Federal Workers



EO to end the pay freeze, 'cause the rulers aren't skimmin' enough from the serfs.

Quote:
President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden.

According to disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he'll now make $231,900 per year.

Members of Congress, from the House and Senate, also will receive a little bump, as their annual salary will go from $174,000 to 174,900. Leadership in Congress, including the speaker of the House, will likewise get an increase.

Here's the list of new wages, as attached to President Obama's executive order:

"A new executive order has been issued providing for a new pay schedule beginning 'on the first day of the first applicable pay period beginning after March 27, 2013,'" reports FedSmith.com. "The pay raise will generally be about 1/2 of 1%."


http://www.weeklystandard.com/blogs/obam....


Hmmm, see a pattern here?

Guns for me but not for you.

Pay raises for me but not for you.

Health care for me but not for you.


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...burp
Noodleman
Posts: 2390
Incept: 2008-11-01

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"After all, Justice Scalia, the poster child of a conservative and originalist judiciary, believes there should be some limits to the 2nd Amendment. He can be counted on then to be part of the consensus to limit our rights."


We have arrived at the fork in the road. And it's been decided by the oligarchs to take the low one. From here on in the SCOTUS won't give us any new rights. They'll just slowly take the ones that we have away. SLOWLY is the key word here. Like SLOWLY turning the burner up to cook the little frog in the pot. SLOWLY.

And as they do it the implication will be that we should be happy with the bones that they left behind that we can knaw on. ;^)

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Themortgagedude
Posts: 8849
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Once again I say give Obama the $250k and over tax increase. And when doing so I would emphasize that Obama was brought back because of this. We don't necessarily agree but that's what the people want.

But also the people gave the House Republicans a mandate to control spending. I would hold firm on the debt ceiling until Reid and Obama bring spending down from current levels. No more of this bull**** cut from baseline spending increases. Actual cuts. And I wouldn't budge until they bring in a budget.

Till I see these guys cut spending YOY I'll agree that they are all frauds. And I'm not sure where you get your number of 536. I guess you're giving Biden a pass.

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I'm already visualizing you with duct tape over your mouth.
Ckaminski
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As I told a good friend of mine when he asked me if I was a Demo or Repub:

"Neither. Republicans want to take my money and give it to Big Business. Democrats want to take my money and give it to everyone else."



Richard112360
Posts: 610
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Hooterville
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Quote:
Why were the Bush "tax cuts" set to expire? Why are the other "tax cuts" such as the Payroll tax cut automatically set to expire?

The main reason the Bush Tax/payroll tax cuts are expiring is because they were passed under special rules called "reconciliation" which do not allow filibusters. If they had both passed with filibuster proof majorities they would have been permanent.
Krzelune
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Its even worse. If the taxes actually do go up as the CBO's numbers include in their calculations, they wouldn't even come close to collecting as much as they say they will because people will change their behavior. It is fraud from top to bottom. Not a single one of the criminals will tell the public the truth either.

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The desire of millions, the inconvenience of millions, the suffering of millions, the death of millions, does not concern them because of the evolutionary humanist lens they peer through.
Noodleman
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This is my opinion. Without doubt the pols in DC (all of them) know the gravity of the nation's fiscal dilemma. And they KNOW unless something it done to stop it that we are in a WORLD OF HURT - in the mid term (not that far off).

Had they wanted to kick the can down the road and continue doing the same - at the risk of blowing up the economy (and possibly the political system)they could've easily done it - just like they did it many times in the past. But this time seems different. hmmmm?

I think they are floating the canary in the mineshaft to gauge public reaction. They want to know if they can screw millions of people can get away with it. If there's too much heat, they can always go back to the bargaining table and quickly negotiate a deal. In the meantime, they will observe and either react appropriately or if there is little pushback - allow the fiscal cliff provisions to stand. They want to see where most of the pressure will come from. And they won't be able to know until the wheels are set into motion. You can't gauge this kind of stuff in a think tank prior to the fact. It's would all be theory. And theory is sometimes a far cry from reality.

That's what I think.

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Heisenberg
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Quote:
Both major political parties, all 536 of their members who infest Washington DC, are guilty of this offense and must be imprisoned.

"I want to tell him what a cheap, lying, no-good, rotten, fore-fleshing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, d!@kless, hopeless, heartless, fat-@ss, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey s@!t he is. Hallelujah. Holy s@!t. Where's the Tylenol?"
-- Clark Griswold
Uppity_peasant
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Karl wrote..
If I had pulled that crap when I ran my company I would still be in pound-me-in-the-ass prison.


Geez, Karl - get with the program.

Just form your own government, and hire a bunch of bullyboy gunthugs with automatic weapons, armored vehicles & other assorted military toys.

Then you can do whatever the heck you want. Works for Corzine and the rest of the DC crew...

Oops! Almost forgot! You'll also need to create your own ass-licking major media, to make sure your "message" gets out. Their pay is kind of steep, though, and they'll want to live in the tonier sections of the DC area, so they can hang out and breed with the David Gregorys, Soledad O'Blyins and Katie Courics of the media world.

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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?
Adrenaline_junky
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Genesis wrote..
If I had pulled that crap when I ran my company I would still be in pound-me-in-the-ass prison.


I know what your intended meaning is, but one way of reading this is that you were at one point in pound-me-in-the-ass-prison but were let outsmiley

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"If Goldman Sachs is doing God's work, they must be referring to the cruel God of the Old Testament who brought forth plagues, floods, and pestilence." - Me
Mortgageguymn
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The politicians are just carrying out orders. It's the voters who are the real criminals, demanding the arithmetically impossible. How would a politician do if he/she ran mostly on "repeal EMTALA"? They'd go down in flames for being a meany.
Chris11
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@Mortgage

that is the argumentation of an psychopath. Because they get away with defrauding their victim they argue that he deserves it.
How close to the truth this may be in this case is up to you.

Iou
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A True American Patriot!
The Twilight Zone
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Can we form a posse to arrest the bastards? Count me in...

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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
Pay_lay_ale
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Quote:

But also the people gave the House Republicans a mandate to control spending. I would hold firm on the debt ceiling until Reid and Obama bring spending down from current levels. No more of this bull**** cut from baseline spending increases. Actual cuts. And I wouldn't budge until they bring in a budget.


Spending and tax bills originate in the House, according to the Constitution.

A dollar doesn't get spent until Lyin' Ryan, Boner, and the House sign off on it. They can balance the existing spending right now by refusing to raise the debt limit. They can also do it with a budget or appropriations bills. If the Senate votes it down or Obongo vetoes it, fine. Let the government shut down. Play the game of chicken before there is no more chick to play because the country has collapsed.
Duc888
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.....according to the Constitution.

Man, that is soooooooooooo 1980's.

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...burp
Analog
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arkansas ozarks
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Quote:
Both major political parties, all 536 of their members who infest Washington DC, are guilty of this offense and must be imprisoned.


We have come full circle
"Some animals are more equal than others"

It's a crowned aristocracy more and more reminiscent of the one we rebelled against 236 years ago.

Just finished rereading "Animal Farm" and it's more relevant today than when i was a teenager(1960's)

a.
Morla
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Quote:
The politicians are just carrying out orders. It's the voters who are the real criminals, demanding the arithmetically impossible.
I agree the voters are complicit but I don't think that believing our leaders' lies necessarily constitutes a "mandate".. How are voters supposed to make an informed decision when politicians lie around the clock and the "news" media does little more than repeat and discuss those lies? We may get the government we deserve, but allowing the media to spoon-feed us our political beliefs through a TV screen is the reason we deserve such a crappy government in the first place..

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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?

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