Debt deal: 'Either go big or go home'

Debt commission co-chair Alan Simpson slams the "disappointing" debt deal, saying Washington is a "dysfunctional place."

Related: Panetta picks up where predecessor left off on Pentagon budget cuts

soundoff (9 Responses)
  1. G. Lammert

    No one can predict.... the corporations are sitting on cash and so this is really different than 2008, pity the poor peasants who have lost their loansharked homes( and are/will be suffering/starving) but the corporations are doing extremely well and equity valuations are afterall equivalent to the cash reserves of the big people,(why did the last few trading days occur if the key is cash laden corporations) the little people don't matter, oh and no one could predict, no Nobel willing economist can point the way out, American ingenuity.....

    OK, so American ingenuity might prevail with elucidating how the system really works and provide an American-centric solution....(the rich and cash laden corporations won't like the solution....)

    How will the two Big Ben's explain equity valuations in 6 more trading days?

    Who could predicted the exact, the exact 11 October 2007 Wilshire nominal peak and the current collapse?

    The Economic Fractalist

    August 5, 2011 at 7:11 pm | Reply
  2. TERROR ALARM

    YES , WE CAN...YES , WE CAN(FISH CAN & TENT CITY USA)...WE WILL WIN IN WAR ON TERROR (30 whities or what are terrorists will never come back alive...thank you lord....aaamen).

    ARIZONA = UTOYA = GOVERNMENT‘S "AFTERLIFE" FLASH MOB AND 911(twin towers) = OSLO BOMBING(there was bombing just as in 911; however, there was no shooting in either NORWAY or Arizona….instead tear gas and theater on faces of multiculturalism maniacs while calling YOU a terrorists) !!!

    http://stateofterror.blogspot.com/ or http://stateofterror.wordpress.com/

    Whitie is fighting war on terrorism just to come home and be pronounced as terrorist...turned in Timothy, jobless, homeless ..YESSS, WE CAN...GABBY OPENED HER EYES (psychotic Tucson)

    TEARS WON'T DO YOU ANY GOOD !!! AS BUSH STATED "THAT'S WHAT THEY ARE PAID FOR"(to die ) !!

    Don't worry O(s)bama, you just saved lots of Dollars in your DEBT DEALS(DEAD & ILL) as those America best (Navy Seals) would also grew older and then you already know how it goes !!!

    OS(B)AMA NOW MOVING OUT OF AFGHANISTAN – FEW DAYS AFTER MY ONLINE POSTING AND IS WILLING TO IMPROVE ECONOMY FEW MONTHS AHEAD OF ELECTIONS(awesome, isn't it) !!!

    August 19, 2011 at 5:07 pm | Reply
  3. Tony In Largo

    A Short Story on Foreign Politics, Economies and Budgets.
    (Important reading for recent graduates and those looking for work)
    In 1972 President Richard Nixon made the political decision to establish diplomatic relations with The People's Republic of China. That decision led to trade and economic agreements which allowed American Corporations to go to China to build factories whose products would be sold in the USA. No conditions were placed on the flux of capital and commercial technology. Corporations loved it because in China they initially paid wages of 25¢ cents per day (today it's 50 ¢ cents per day) and there is no FDA, no EPA and no OSHA to protect the general public from the greedy corporations who will sell tainted foods (melamine in baby formula, banned antibiotics in shrimp, contaminated dog food etc), cheap pharmaceuticals (products not meeting assay purity and quality nor approved or inspected by FDA), unsafe products (lead laden paint in toys and baby cribs, as well as mercury in consumer products) while polluting the oceans and the atmosphere, as long as it makes for big profits.
    As a result, today 300 Million Chinese are the recipients of this so called economic "boom". However, there are 900 Million Chinese who are not part of this "boom". They are out in the countryside, waiting for any other corporations who might want to venture to China to produce cheaper products to eventually sell to the USA, Europe and the rest of the world. That includes building products from new inventions and new technology that is discovered or further developed. The obvious problem with this strategy leaves the question: who is going to buy these cheap products from them if the US and Europe don't have the manufacturing jobs that we once had because they are all now in China ????
    This strategy is "Killing The Hen That Lays The Golden Eggs".
    The problem is further compounded by the fact that India must be added to the equation as well.
    Therefore we have 2 countries (China & India) with approximately 1.8 billion unemployed human beings living in poverty, waiting for any jobs to be taken to them by corporations, so they may produce "cheap products" to sell to Europeans, Americans and the rest of the world who cannot buy them because they don't have jobs now. !!!!????? I ask you: Does that make sense?
    Unemployment can only get worse in the next decades, if we don't put a stop to it now!
    How, you ask? We must insist, harangue, communicate to and repeat to our politicians that they must tell corporations (legislate it) that if they want to sell here, they must infuse 50% of the value of the product here. This means that they must make 50% of it here. That's the only way that we are ever going to get jobs back and emerge from the abyss of the economic doldrums that we are facing today.

    Governments will probably enter into the conversation, but, that's OK, because it will probably mean the renegotiation of the Global Act on Trade, (GAT) and many other regional trade agreements anyway.
    The unrest that we are hearing about in the Middle East, (Syria, Egypt, Lybia, and even Iran last year) is not just about Democracy. It's about jobs and having enough to stay alive. It's because their unemployment rates hover around 40-50% !!!!!!!!!!!!! .........And now they are losing even more jobs and opportunities also. It's the same problem facing the French, the Spanish, the Greeks, the Irish and the Italians of whose economic woes we hear about every day in the news.
    Therefore, the motto must be: "if they want to sell here, they must infuse 50% of the value of the product here". Then, and only then will we begin to put our financial house in order, begin the road to balancing our City, County, State and National Budgets, and put people back to work and forget the squabbling.
    Pass it on!!!!!!!

    September 11, 2011 at 10:18 pm | Reply
  4. Avser Bastian

    WHITES AREN’T WELCOME IN AMERICA ANY LONGER !!! WE DON’T NEED YOU ANYMORE !!! OUT OF AMERICA WITH WHITES NOW !!!


    OR
    http://www.youtube.com/user/BostjanAvsec

    OBAMA'S HEALTH CARE RECORDED LIVE IN 2009. Facts about lunatic Obama/Bush's twilight zone administrations(HORROR) or genocide against white population.

    Make sure to play video from beginning. Just in case http://www.dailymotion.com/video/xleq3o

    THIS INFORMATION WAS PROVIDED TO YOU BY WHITE AMERICAN REFUGEE !!!

    IS IT INDEPENDENCE THAT WE CELEBRATE OR DEPENDENCE (what are your credit card bills or alimony saying about it) !!? HOW IS YOUR DIABETES AND LOST MARRIAGES !!? FORECLOSURES AND JOB SEARCH !!? THAT IS THE QUESTION TO BE OR NOT TO BE !!! IS IT LAND OF THE FREE OR STATE OF TERROR AGAINST OWN WHITE POPULATION !!? IT IS TIME TO LET THEM KNOW WHAT COLOR ARE THE STRIPES ON OUR STAR SPANGLED BANNER !!! TIME TO DETERMINE WHOSE INDEPENDENCE/AMERICA, WE CELEBRATE TODAY(who wants to erase us and denies us the right to exist) !!! IT IS IMPORTANT TO KNOW WHOM WE ADDRESS WITH "PRESIDENT" (STOP HUMILIATING YOURSELF) !!!

    911 WAS CREATED FOR PEOPLE TO WAKE UP(deliberately by CIA)....HOWEVER, WAKE UP EITHER WHAT IS TRUTH(sanity) OR WAKE UP TO LIES(insanity = with what your self elected governments have brainwashed you when forcefully jobless/persecuted....therefor­­e, I want you to think about "WAKE UP" when watching next time ALEX JONES alike "alternative" news/media = CIA)

    WHEN YOU WAKE UP, I WANT YOU TO WAKE TO YOURSELF AND NOT TO SOMEONE ELSE'S DREAM (ZIONIST/COMMUNIST/LIBERAL DREAM CATCHERS/THIEFS, WHO PLOTTED 911 TO WAKE YOU AFTERWARDS WITH ECONOMIC OPPRESSION IN A WORLD OF LIES !!!)

    HOW DO YOU KNOW WHAT TRUTH IS !!? WHATEVER YOU WERE BORN IS WHAT YOU ARE(truth therefore) AND FOR WHATEVER REASONS YOU HAVE CHANGED(distorted yourself) SINCE 9/11 IS WHAT YOU ARE NOT !!!

    FOR PIECE OF MIND(sanity), PLEASE VISIT MY WEBSITES AND REMEMBER, GENOCIDE(health care) BASED ON FORGIVE AND FORGET IS NOT FOR ME !!! DIGNITY, PRIDE, AND HONOR ARE WORTH TO DIE AND KILL FOR !!!

    October 15, 2011 at 5:52 pm | Reply
    • Sahista

      It was a big deal for everybody. The idea of a debt lceiing is to place a limit on how much the government can borrow. and debt lceiing fight has more than a few individuals concerned about how much the United States has to pay. Many wonder if the common pick for the country that owns America China will leave the United States in its wake. But Business Insider makes a point that China is not what many believe it is. China is a player, but the real solution to the country that owns America is really America. We own our own debt.

      April 7, 2012 at 10:01 pm | Reply
  5. Avser Bastian

    WALL STREET PROTESTS...NOT ANTI WALL-STREET AT ALL, BUT INSTEAD RACIALLY MOTIVATED AGAINST WHITES

    THEY WERE MURDERING YOU WITH AND INSIDE OF THEIR CORPORATIONS FOR OVER 66 YEARS !!! THEY HAVE CLOSED DOWN ALMOST EVERY SMALL COMPANY IN UNITES STATES OF AMERICA AND NOW, THEY WANT YOU TO GO OUT THERE AND PROTEST FOR THEM AGAINST WALL STREET(corporations = Wall-street) !!!

    FOR ENTIRE 66 YEARS, ON DAY TO DAY BASES, ALL THEY WERE DOING IS CRIME CONTEMPLATING AGAINST US INSIDE OF THEIR BACK OFFICE CUBICLES(on job torture/bullying/mobbing and forceful unemployment to progress humanity as Obama exclaimed over and over) PER EEOC AND NOW, THEY WANT YOU TO RAISE COMMUNIST FLAG UNDER AMERICAN SKY !!! ONE RACE; RAT RACE(Wall street protesters are Obama's army which spread from London per Zionist Washington DC and communist Moscow) !!!

    WHEN YOU PROTEST(it is much more than just than necessarily), RAISE SIGNS HIGH SO WHOLE WORLD CAN SEE DISPLAYED I CITE, "66 YEARS OF GENOCIDE AGAINST WHITES IS NO LONGER ACCEPTABLE !!!"

    THIS INFORMATION WAS PROVIDED TO YOU BY WHITE AMERICAN REFUGEE !!!

    http://www.youtube.com/user/BostjanAvsec OR http://www.youtube.com/watch?v=_xGfYOAydjw OR http://www.dailymotion.com/video/xleq3o

    October 15, 2011 at 6:09 pm | Reply
  6. Gepaart Vision

    ANTI WALL STREET PROTESTS = TRANSFER OF OWNERSHIP = COMMUNISM

    WHITES AREN’T WELCOME IN AMERICA ANY LONGER !!! OUT OF AMERICA WITH WHITES NOW !!! http://www.youtube.com/user/BostjanAvsec <== OBAMA'S HEALTH CARE RECORDED LIVE IN 2009. These are hard facts about lunatic Obama/Bush's twilight zone administrations(HORROR) or genocide against white population

    Ask your local newspaper/media why do they keep silent about crime/genocide !!? Ask them why do they KNOWINGLY participate in crime/genocide !!! BECAUSE SILENCE = CRIME !!!

    WALL STREET PROTESTS...NOT ANTI WALL-STREET AT ALL, BUT INSTEAD RACIALLY MOTIVATED VIOLENCE AGAINST WHITES !!!

    ANTI WALL-STREET PROTESTS ARE ALSO KNOWN UNDER ZIONIST "TRANSFER OF OWNERSHIP" IN AMERICA !!! TRANSFER OF OWNERSHIP FROM HANDS OF WHITE AMERICANS TO SO CALLED "MINORITIES"(COMMUNISM) http://multiculturalismisterrorism.blogspot.com/

    THEY WERE MURDERING YOU WITH AND INSIDE OF THEIR CORPORATIONS FOR OVER 66 YEARS !!! THEY HAVE CLOSED DOWN ALMOST EVERY SMALL COMPANY(FARMS) IN UNITES STATES OF AMERICA AND NOW, THEY WANT YOU TO GO OUT THERE AND PROTEST FOR THEM AGAINST WALL STREET(because corporations = Wall-street) !!!

    THEY WERE CRIME CONTEMPLATING AGAINST US PER EQUAL EMPLOYMENT OPPORTUNITY COMMISSION FOR OVER 66 YEARS AND NOW, THEY WANT YOU TO RAISE COMMUNIST FLAG UNDER AMERICAN SKY !!! ONE RACE; RAT RACE(Wall street protesters are Obama's raise of the planet Apes army which spread from London per Zionist Washington DC and communist Moscow where new Stalin is in place – PUTIN) !!!

    IF YOU PROTEST(YOU SHOULD), MAKE SURE TO RAISE SIGN WHERE DISPLAYED I CITE "66 YEARS OF GENOCIDE AGAINST WHITES IS NO LONGER ACCEPTABLE" OR GET LOST HOME IF NOT ALREADY HOMELESS(I despise people who starve to death out there and are afrraid to say out loud what is truth...I despise people who only see themselfs and do NOT care even about children of their own...chidren who will be turned one day in white refugees as seen on above video) !!!

    CREATE AWARENESS AND POST THIS VERY SAME VIDEO ON YOUR YOUTUBE CHANNEL.

    WAKE UP YOUR FRIENDS AND SAVE YOURSELF FROM AGONY(did you know that over one hundred million of so called minorities lives already in United States very today and as a result, over 450 million whites worldwide were murdered with economic genocide/oppression since WWII just as seen and proven in above video !!?)...

    THERE IS ESTIMATED THAT ONGOING GENOCIDE TREND WILL CONTINUE TO GO ON FOR AT LEAST ANOTHER 50 YEARS IF NOT DESTROYED(is completed only 30% so far) AND IS ONLY MATTER OF TIME WHEN YOU ARE NEXT IN LINE FOR THE SAKE OF MULTICULTURALISM(TERRORISM)...

    911 WAS CREATED FOR PEOPLE TO WAKE UP(deliberately by CIA)....HOWEVER, WAKE UP EITHER WHAT IS TRUTH(sanity) OR WAKE UP TO LIES(insanity = with what your self elected governments have brainwashed you when forcefully jobless/persecuted....therefor­­e, I want you to think about "WAKE UP" when watching next time ALEX JONES = CIA)

    WHEN YOU WAKE UP, I WANT YOU TO WAKE TO YOURSELF AND NOT TO SOMEONE ELSE'S DREAM (ZIONIST/COMMUNIST/LIBERAL DREAM CATCHERS/THIEFS, WHO PLOTTED 911 TO WAKE YOU AFTERWARDS WITH ECONOMIC OPPRESSION IN A WORLD OF LIES !!!)

    HOW DO YOU KNOW WHAT TRUTH IS !!? WHATEVER YOU WERE BORN IS WHAT YOU ARE(truth therefore) AND FOR WHATEVER REASONS YOU HAVE CHANGED(distorted yourself) SINCE 9/11 IS WHAT YOU ARE NOT !!!

    IS IT INDEPENDENCE THAT WE CELEBRATE OR DEPENDENCE (what are your credit card bills or alimony saying about it) !!? HOW IS YOUR DIABETES AND LOST MARRIAGES !!? FORECLOSURES AND JOB SEARCH !!? THAT IS THE QUESTION TO BE OR NOT TO BE !!! IS IT LAND OF THE FREE OR STATE OF TERROR AGAINST OWN WHITE POPULATION !!? IT IS TIME TO LET THEM KNOW WHAT COLOR ARE THE STRIPES ON OUR STAR SPANGLED BANNER !!! TIME TO DETERMINE WHOSE INDEPENDENCE/AMERICA, WE CELEBRATE TODAY(who wants to erase us and denies us the right to exist) !!! IT IS IMPORTANT TO KNOW WHOM WE ADDRESS WITH "PRESIDENT" (STOP HUMILIATING YOURSELF) !!!

    YES , WE CAN..YES , WE CAN..WE WILL WIN IN WAR ON TERROR (30 whities or what are terrorists will never come back alive due to Afghanistan helicopter crash...thank you lord..aamen).

    Whitie is fighting war on terrorism just to come home and be pronounced as terrorist...turned in Timothy, jobless, homeless ..YESSS, WE CAN....FISH CAN & TENT CITY USA CAN...GABBY OPENED HER EYES CAN(psycho Tucson)

    OS(B)AMA IS MOVING OUT OF AFGHAN FEW DAYS AFTER MY POSTING ONLINE(out of Iraq few months before elections) AND IS WILLING TO IMPROVE ECONOMY(genocide against whites) FEW MONTHS AHEAD OF ELECTIONS(what is the difference between temporary and permanent jobs in USA!!?) !!

    ALL THESE JUST SO YOU CAN CLICK AGAIN ON ELECTRONIC VOTING MACHINES WHICH CAN BE ALL CONTROLLED(AND ARE CONTROLLED OR COMPUTER OPERATED) FROM A SINGLE CELLULAR PHONE(for entire USA)...JUST SO YOU CAN CHOSE AGAIN BETWEEN WHATEVER WAS ALREADY CHOSEN FOR YOU TO CHOOSE FROM BY ZIONIST/JEWISH LOBBY IN WASHINGTON DC.

    Don't worry O(s)bama, you have just saved lots of Dollars in your DEBT DEALS(DEAD & ILL) as those America best (Navy Seals) would also grew older and then you already know how it goes !!!

    WAKE-UP !!! WAKE UP PEOPLE BEFORE IT GETS ALL TO LATE ON PLANET APE !!! TEARS WON'T DO YOU ANY GOOD !!! AS BUSH STATED "THAT'S WHAT THEY ARE PAID FOR"(to die ) !! STOP THE GOVERNMENT TERRORISM AND TERROR AGAINST WHITES WORLDWIDE IN THE NAME OF MULTYCULTURALISM OR NWO !!

    EVEN IF IRAQ WOULD BE WAR FOR OIL, VETERANS WOULDN'T NEVER EVER HAVE TO BE HOMELESS PEOPLE THE WAY THEY ARE AND NOR WOULD OUR PEOPLE DIE ALLOVER THE PLACE THEY DO AND TO VERY TODAY(never ending war story)...BECAUSE EVEN IF WAR WAS FOR THE SAKE OF MONEY, MONEY SHOULD BE USED FOR AMERICAN CITIZENS AND NOT WHAT THE CASE IS OR AGAINST WHITES(66 YEARS AFTER WWII, THEY HAVE EATEN YOU IN AND OUT LIKE IN GERMANY PRIOR TO WWII...all your sacrifice during WWII was for nothing and the worse is yet to come in America)...

    October 22, 2011 at 4:42 pm | Reply
  7. MJO

    I love your site! I am a fan of these types of sites. I know they take a lot of time to build because I own a few myself. Good luck with it! http://www.microjobsonline.com

    December 7, 2011 at 4:33 pm | Reply
  8. Avser Bastian

    NOT LIABILITIES OR DISCRIMINATION, BUT INSTEAD ASSASSINATIONS !!! http://myshortbiography.blogspot.com/ LEARN TRUTH ABOUT EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, UNITED NATIONS, AMNESTY INTERNATIONAL AS WELL AS NEW WORLD ORDER(MULTICULTURALISM = TERRORISM) GOVERNMENTS !!! NOT THERE TO PROTECT YOUR RIGHTS, BUT TO DENY YOUR RIGHT TO EXISTENCE !!! 66 YEARS OF GENOCIDE AGAINST WHITES WORLDWIDE IS NO LONGER ACCEPTABLE !!! STOP THE ANIMAL APARTHEID NOW !!!

    NOT LIABILITIES OR DISCRIMINATION, BUT INSTEAD ASSASSINATIONS !!! http://myshortbiography.blogspot.com/ LEARN TRUTH ABOUT EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, UNITED NATIONS, AMNESTY INTERNATIONAL AS WELL AS NEW WORLD ORDER(MULTICULTURALISM = TERRORISM) GOVERNMENTS !!! NOT THERE TO PROTECT YOUR RIGHTS, BUT TO DENY YOUR RIGHT TO EXISTENCE !!! 66 YEARS OF GENOCIDE AGAINST WHITES WORLDWIDE IS NO LONGER ACCEPTABLE !!! STOP THE ANIMAL APARTHEID NOW !!!

    December 12, 2011 at 12:52 pm | Reply

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