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US Federal Government Shutdown | Shutdown Shutdown, Debt Ceiling Raised

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http://www.theatlanticwire.com/poli...be-tainted-obamacare-prompted-shutdown/70350/



Well. Looks like the Tea Party is getting their orders... I wonder if they've gone rogue with ego tripping over shutting the country down, and letting a first default be on the record for Obama?

Stay tuned.

Pretty huge though imo.

It's not suprising. Why would any corporation/big business want a default and the risk of a depression? It's one of the reasons why it will never happen, the other major reason is that it would be political suicide for the majority of the GOP.
 
lovin_zps215236fd.jpg
Someone has terrible photoshop (and thinking) skills.
 
It's unbelievable to see how much of a disaster the Republican party is in right now.


I want to read a book on this when it's all over.


The question, when does it "end"? What happens to a party that is functioning in an unsustainable way?
HBO movie incoming.
 
wow, so there would be like 2 classes of citizens? how did this man got voted in

I have no idea but I'm pretty sure how he'll get reelected. Under this crazy system I don't know how anyone could know if they were able to vote in local elections until the poll worker says no.
 
It's not suprising. Why would any corporation/big business want a default and the risk of a depression? It's one of the reasons why it will never happen, the other major reason is that it would be political suicide for the majority of the GOP.

Obviously.


However, ya can't say that it will never happen. Just unlikely. - Especially if these people are going rogue, which is the point of speculation. Its why its an interesting public distancing, and its making its news rounds. It makes things just that much harder for the tea partiers that have doubled down on dumb. No one wants this, but they have to keep pushing it because it seems that they simply can't admit mistakes. Honestly.

many on Gaf said the shut down wasn't going to happen either..
 
ok guys, I'm not from the US, but how come the Tea Party, which is just a small group in the GOP, able to hold the party hostage, Boner isn't a Tea Party member right?
 
I'm starting to feel extremely worried and frustrated about this whole thing. Like, physically sick almost. I'm here at work not getting paid for the foreseeable future. My money situation is ok for now, but that doesn't make me feel better about not getting a paycheck and of course I think about all the people I work with that live paycheck to paycheck and quite simply won't be able to pay bills in a couple weeks. The scariest thing though is the idea of America going into default and potentially plunging the whole world into economic depression. All because of a small number of people with crazy ideas and way too much power.

Please let there be some good news soon.
 
It's unbelievable to see how much of a disaster the Republican party is in right now.


I want to read a book on this when it's all over.


The question, when does it "end"? What happens to a party that is functioning in an unsustainable way?

It's not unsustainable, though. It's only going to get worse- they are masters at messaging and have a cult-like control over the section of the populace that consumes right wing media, and can obfuscate and derail discourse in the other mainstream media outlets.

Basically it's going to be a long, downhill slide with no stopping them, with near impunity and the barest of consequences to them, no matter much they fuck the country up.
 
ok guys, I'm not from the US, but how come the Tea Party, which is just a small group in the GOP, able to hold the party hostage, Boner isn't a Tea Party member right?

He's scared they'll rally and he'll lose his speakership. They also control the type of rhetoric being spewed by the right currently.. So repubs in general are afraid of being painted as soft lefties by the tea party and then losing their next election.
 
Obviously.


However, ya can't say that it will never happen. Just unlikely. - Especially if these people are going rogue, which is the point of speculation. Its why its an interesting public distancing, and its making its news rounds. It makes things just that much harder for the tea partiers that have doubled down on dumb. No one wants this, but they have to keep pushing it because it seems that they simply can't admit mistakes. Honestly.

many on Gaf said the shut down wasn't going to happen either..

That's an extremely poor comparison. A government shutdown and a government default are on such different levels that you can't act like they're the same.
 
He's scared they'll rally and he'll lose his speakership. They also control the type of rhetoric being spewed by the right currently.. So repubs in general are afraid of being painted as soft lefties by the tea party and then losing their next election.

+ The Tea Party is funded by many billionaires, which use their finances to make/break political careers/win elections. It doesn't matter that they are a small group, when the group they represent has a bankroll that could choke a hippo.
 
ok guys, I'm not from the US, but how come the Tea Party, which is just a small group in the GOP, able to hold the party hostage, Boner isn't a Tea Party member right?

For a while now, Republican opponents of those who crossed the Tea Party would be given extraordinary amounts of money to run against the offender.
 
That's an extremely poor comparison. A government shutdown and a government default are on such different levels that you can't act like they're the same.

We can't, but with the Tea Party, anything is possible. And I have little faith in the courage and true patriotism of the non-Tea Party Republicans.
 
I'm starting to feel extremely worried and frustrated about this whole thing. Like, physically sick almost. I'm here at work not getting paid for the foreseeable future. My money situation is ok for now, but that doesn't make me feel better about not getting a paycheck and of course I think about all the people I work with that live paycheck to paycheck and quite simply won't be able to pay bills in a couple weeks. The scariest thing though is the idea of America going into default and potentially plunging the whole world into economic depression. All because of a small number of people with crazy ideas and way too much power.
Lets not forget whats really important here, and that's whether Boehner gets to keep his job and the Tea Party crazies that pushed us into this mess get to say they won something.

Priorities, people. Priorities.

Did GAF posts always have the little squiggles under "Boehner" as a misspelling, suggesting "Boner" instead? Somehow this feels new, and completely fucking appropriate.

But no, seriously. I'm with you in hoping the madness comes to an end sooner rather than later. Nobody deserves this bullshit.

Is it uncouth to wish the Republican party gets food poisoning? Is that too much? Because I kindof think it'd be poetic justice. And I'm talking about the kind of food poisoning where you have to prop yourself up on the toilet to keep from falling over and passing out, and where you're covered head to toe in a warm, thick, sweat, and where you wonder whether its physically possible to both puke and shit at the same time without exploding.

I'm also hopped up on cold medicine that makes me feel like a space cadet, so that's my excuse.
 
Bank runs have historically happened when depositors find out that there is nothing (or very little) backing their deposits. That the bank does not have enough liquid assets to cover depositor demands. This is the downfall of paper bank notes, and greedy bankers/governments printing as much as they can get away with... until they can't get away with it any more.

And that problem was eliminated by the introduction of fiat monetary systems. Hence, less volatility. I'm surprised that you are arguing this. It isn't controversial that convertible monetary systems are volatile.

In our brave new world, it is not depositors that do bank runs... it is counterparties to financial liabilities (ala Lehman Bros in 2008).

Which is why there ought to be further regulation. Note I did not say that there is no volatility. It should be noted that these aren't huge problems, because they only indirectly affect regular people whom the government can easily backstop. Of course, this requires a democratic government that acts in the public interest rather than one that acts in the interests of the super wealthy. But that is a different problem entirely.

Producers and market participants of any commodities chosen would self-regulate both in determining price and production. For example, if an initial exchange rate is set in $X per Y grams of silver, the price between gold and silver still fluctuate, along with the exchange rate between countries.

And what happens when the economy and population grows? You are proposing a monetary system that has already failed miserably. There is no benefit to arbitrarily tying money to a commodity. There are significant detriments.

Money is a social construct. It need not be moored to something physical that will only put needless deflationary pressure on an economy.
 
He's scared they'll rally and he'll lose his speakership. They also control the type of rhetoric being spewed by the right currently.. So repubs in general are afraid of being painted as soft lefties by the tea party and then losing their next election.


Is that a reasonable scenario, considering that the Tea Party is just a relatively small minority within the GOP?
 
That's an extremely poor comparison. A government shutdown and a government default are on such different levels that you can't act like they're the same.

I didn't act like they were the same. The context of my post wasn't comparing them. Everyone, at this point that cares, is fully aware what the default is. I can suggest that like the shutdown, which was shrugged off by some as highly unlikely, we can't simply shrug off the threats of these people anymore. As they are being publicly distanced from, by some very large donators ( Koch brothers ), it is a point of discussion. Their motives at this point are freaking out a lot of people, internationally and here on gaf. You can't just highlight one part then claim its the entirety of a post. Come on.
 
+ The Tea Party is funded by many billionaires, which use their finances to make/break political careers/win elections. It doesn't matter that they are a small group, when the group they represent has a bankroll that could choke a hippo.

For a while now, Republican opponents of those who crossed the Tea Party would be given extraordinary amounts of money to run against the offender.

my golly, does the American public know about this? it would be a scandal in other countries
 
You don't think a group of fringe politicians potentially destroying the world economy is cause for concern? You think the president should just shrug his shoulders and let them do it?

Who do you think is in the Supreme Court? Scalia would make the perfect tea party congressman.
 
http://www.theatlanticwire.com/poli...be-tainted-obamacare-prompted-shutdown/70350/



Well. Looks like the Tea Party is getting their orders... I wonder if they've gone rogue with ego tripping over shutting the country down, and letting a first default be on the record for Obama?

Stay tuned.

Pretty huge though imo.
Koch Bros might had a hand in creating the teaparty. But the current batch is beholden to no one. They are just united in their destructive hate for obama.
 
+ The Tea Party is funded by many billionaires, which use their finances to make/break political careers/win elections. It doesn't matter that they are a small group, when the group they represent has a bankroll that could choke a hippo.

+ "Citizens" United allows corporations to make unlimited donations to any candidate they wish, without disclosing any of it
 
Sounds like that's not really a party anymore. Time to found a "New GOP" without those Tea Party douchebags.

I'm almost wondering if this is the tipping point for this. If we'll see the Tea Party lose this fight, go absolutely mental, and split off into their own party

Well, we all want a third party... just not like this I guess.
 
my golly, does the American public know about this? it would be a scandal in other countries

In short, yes. We had an election over this. An the side that is aware, won. The other side is still holding up the government to get what they lost in the democratic elections. America is looking very third worldly here, as far as our Democratic process. The tea party tried to win the election by pumping millions into it, but thankfully it didn't work.

We are trying to work on that awareness. Its hard when you consider how things work, and how people get their information in the USA. Many people have a handful of "NEWS" sources. NEWS is no longer informative. Media companies are owned by persons, that usually have political agendas. So that agenda taints the news being delivered. We have a lot of growing up to do as a nation. This is one of the many areas.

It would be a scandal if the truth was available for people. It just isn't, and people don't look for themselves.


Koch Bros might had a hand in creating the teaparty. But the current batch is beholden to no one. They are just united in their destructive hate for obama.
thats what im afraid of.


+ "Citizens" United allows corporations to make unlimited donations to any candidate they wish, without disclosing any of it
+ indeed. So much needs to be un-done, but I don't think it will, at this point. After all of this settles.
 
Koch Bros might had a hand in creating the teaparty. But the current batch is beholden to no one. They are just united in their destructive hate for obama.

If that was the case, the Republicans wouldn't be terrified of being primaried.

There are still billionaires filling these guys' coffers. If they went rogue and scared away their benefactors, there would be no Tea Party left as the Republicans would turn on them in an instant.
 
Koch Bros might had a hand in creating the teaparty. But the current batch is beholden to no one. They are just united in their destructive hate for obama.

Yeah I see the tea party at this point as being largely manufactured thanks to one of the most successful astroturfing campaigns in history that managed to collect most of the far right conservative and social conservative gorups together to use as a battering ram against Democrats/obama/taxes/regulations/social safety net programs/unions and various interests that certain businesses had.

The tracks were laid but it eventually grew into its own force that isnt as tightly controlled like it once was. Frankenstein's monster seems like an apt metaphor.

A lot of big business interests piled money into this movement to achieve their corporate and personal ends and now that monster they helped build threatens to destroy them if the country defaults.

It should be a hell of a documentary in ten years and lead to a lot of interesting case studies in american history and political science.
 
I didn't see the actual language used by Koch Industries to distance themselves here, so I'll post it..
Koch believes that Obamacare will increase deficits, lead to an overall lowering of the standard of health care in America, and raise taxes. However, Koch has not taken a position on the legislative tactic of tying the continuing resolution to defunding Obamacare nor have we lobbied on legislative provisions defunding Obamacare.
That "has not taken a position" sounds rather faint, like "we are neutral on this," but between the lines this is as close to "you fuckers are on your own" as we will ever see publicly.
 
I didn't act like they were the same. The context of my post wasn't comparing them. Everyone, at this point that cares, is fully aware what the default is. I can suggest that like the shutdown, which was shrugged off by some as highly unlikely, we can't simply shrug off the threats of these people anymore. As they are being publicly distanced from, by some very large donators ( Koch brothers ), it is a point of discussion. Their motives at this point are freaking out a lot of people, internationally and here on gaf. You can't just highlight one part then claim its the entirety of a post. Come on.

No, you did compare them when you said that gaffers were wrong before thinking a shutdown wouldn't happen. You come on, you purposefully acted like because people didn't think there was going to be a shutdown and now people don't think there will be a default that there's some sort of correlation between the two. They are two different things. The shutdown on government showing a link to the government defaulting is about as worthwhile as you predicting the winner of a baseball game tonight.
 
I'm almost wondering if this is the tipping point for this. If we'll see the Tea Party lose this fight, go absolutely mental, and split off into their own party

Well, we all want a third party... just not like this I guess.

If that happens (I don't think it's a when... yet) they'd just guarantee a whole lot of democratic winners by spoiling the entire right side of the race until repubs re centered themselves.
 
my golly, does the American public know about this? it would be a scandal in other countries

Yes and no.

Some(mostly on the far right) think its a natural extension of billionaires and corporations right to spend as much money on a candidate as they want.

Others think its happening but deny the extent of it.

Others make false equivalencies(all sides are doing it, nothing can be done or republicrats just game the system or we need the country to burn to wake people up or we need no government or It's so far gone there is nothing I can do) which all basically leads to apathy.

And there are the ones that just genuinely refuse to believe the government has gone this far into the crapper.
 
Here we go...

FIDELITY SELLS OFF SHORT-TERM US GOVERNMENT DEBT

NEW YORK (AP) — The nation's largest manager of money market mutual funds said Wednesday that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit.

Portfolio managers at Fidelity Investments have been selling off their government debt holdings over the last couple of weeks, said Nancy Prior, president of Fidelity's Money Market Group. While Fidelity expects the debt ceiling issue to be resolved, the Boston-based asset manager said it is taking steps to protect investors.

...

http://bigstory.ap.org/article/fidelity-sells-short-term-us-government-debt
 
And what happens when the economy and population grows? You are proposing a monetary system that has already failed miserably. There is no benefit to arbitrarily tying money to a commodity. There are significant detriments.

Money is a social construct. It need not be moored to something physical that will only put needless deflationary pressure on an economy.

This is what I asked him earlier and didn't really get a response. He's talking about a global economy too so a much larger scale than just the US.
 
No, you did compare them when you said that gaffers were wrong before thinking a shutdown wouldn't happen. You come on, you purposefully acted like because people didn't think there was going to be a shutdown and now people don't think there will be a default that there's some sort of correlation between the two. They are two different things. The shutdown on government showing a link to the government defaulting is about as worthwhile as you predicting the winner of a baseball game tonight.

I dont have anything else to add to my original response to you.

edit;

I understand where you're coming from, I just don't know what else to say in response to it.
 
Damn the Republicans are simply reaching new lows in polls. I didn't think it was possible to even go much lower, since I always assumed a straight 30 percent of people were so entrenched they'd pretend blood was water if it meant keeping their worldview.
 
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