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[Unstable]

Welp, It's starting to look like the Republicans won't raise the debt ceiling. when we default I hope the American people, come 2014 remember who did this to them, but I have my doubts. Unless republicans do something equally stupid this time next year (which is always a possibility) I think 2014 will be another disappointing election season.

Hope I'm wrong.

 

[Aylinato]

Sen Lindsey Graham R-SC to Senate Dems: "You should be for the good of the country trying to help John Boehner"

Maybe graham could shut the fuck up

 

[maquiladora]

Robert Costa ‏@robertcostaNRO

BREAKING: medical device delay is now out of House's bill, per two sources close to talks

There will obviously be a deal before the deadline. I'm really surprised that some people here still seem to think the US is going to willingly default, lol.

 

[jamesinclair]

He has to be careful as he could frighten the markets, or rather the average American into liquidating their 401ks (and then maybe others abroad).

Obama needs to start nationalizing the stock market.

There will obviously be a deal before the deadline. I'm really surprised that some people here still seem to think the US is going to willingly default, lol.

You forget the insane evangelicals that think default is doing Gods work and will get them into heaven faster

 

[Takamura-San]

Sen Lindsey Graham R-SC to Senate Dems: "You should be for the good of the country trying to help John Boehner"

Maybe, just maybe.. he could tell Boehner that he should be for the good of the country instead of the tea party.

 

[massoluk]

Boehner. You can't be that big of an idiot to destroy the foundation of the current world economy. At least let the debt ceiling go.

 

[Grover Cleveland]

There will obviously be a deal before the deadline. I'm really surprised that some people here still seem to think the US is going to willingly default, lol.

This. It will be another 11th hour deal, but it will get done.

There are A LOT of people on Capitol Hill who don't want to see a default happen.

 

[Bodacious]

Welp, It's starting to look like the Republicans won't raise the debt ceiling. when we default I hope the American people, come 2014 remember who did this to them, but I have my doubts. Unless republicans do something equally stupid this time next year (which is always a possibility) I think 2014 will be another disappointing election season.

Hope I'm wrong.

Who did what? Refuse to raise the debt ceiling, or run the total US debt accumulated since 1776 from 10 trillion in Jan 2009 to 17 trillion in 2013?

Yeah, yeah, I know .. the debt isn't real.


.

 

[killer rin]

Up here in Canada, CBC now has a countdown timer counting down till the US Default. Man are things really going to hell now.

Anyone have any sentiments from the US House? Does it look like its going to get resolved or will the GOP be looking at dropping a CR minutes before the end of day, on the last day

 

[InsaneZero]

This was really a House GOP ploy to get their staffers to pull themselves by the bootstraps.

 

[Drkirby]

Up here in Canada, CBC now has a countdown timer counting down till the US Default. Man are things really going to hell now.

Anyone have any sentiments from the US House? Does it look like its going to get resolved or will the GOP be looking at dropping a CR minutes before the end of day, on the last day

How many hours is it, does it take into account the US can get though about half the day before the money drys up?

 

[Tex117]

Obama needs to start nationalizing the stock market.

I...I...I can't even...

Do you really believe this or just spouting off on the internet?

 

[Sblargh]

It's one of those things that you can't even be sarcastic about. Every time I try to make a witty remark, there's some republican saying almost the same words very seriously.

 

[Joe Shlabotnik]

Who did what? Refuse to raise the debt ceiling, or run the total US debt accumulated since 1776 from 10 trillion in Jan 2009 to 17 trillion in 2013?

Yeah, yeah, I know .. the debt isn't real.


.

Refuse to raise the debt ceiling. Boy, that was an easy question!

 

[jamesinclair]

I...I...I can't even...

Do you really believe this or just spouting off on the internet?

There wouldnt be a financial panic if the stocks werent allowed to fall mroe than .05% a day.

 

[sangreal]

There will obviously be a deal before the deadline. I'm really surprised that some people here still seem to think the US is going to willingly default, lol.

There will be a deal, but it may not be before Oct 17 which is more of a soft deadline (when it becomes day to day). Republicans have been saying they think they can stretch it out at least a day or two past that (more or less supported by the treasury) and possibly all the way until Nov 1 (really dangerous) when some big obligations hit

 

[SteveWinwood]

House bill's whole framework is now in real flux, per members leaving mtg....
@robertcostanro

next thing you know it might just look like the senate cr

 

[Nokterian]

So if nothing happens in the next 2 days..the US is broke? Those republicans are killing not only the US Economy but also the world economy.

 

[SlipperySlope]

There will be a deal, but it may not be before Oct 17 which is more of a soft deadline (when it becomes day to day). Republicans have been saying they think they can stretch it out at least a day or two past that (more or less supported by the treasury) and possibly all the way until Nov 1 (really dangerous) when some big obligations hit

It's actually likely it can be stretched out until around October 31st.

 

[balladofwindfishes]

Who did what? Refuse to raise the debt ceiling, or run the total US debt accumulated since 1776 from 10 trillion in Jan 2009 to 17 trillion in 2013?

.

Ah this classic numbers trick.

The bulk of that increase was from 2008, which didn't show into the budget until the next year, as the budget for 2008 was already complete before the crisis. You take out the massive crash spending Obama had nothing to do with and the numbers look a lot less scary for Obama.

 

[Tex117]

There wouldnt be a financial panic if the stocks werent allowed to fall mroe than .05% a day.

I don't think it is possible for me to disagree with your position more. I also think it is one of the most wrong positions I have ever seen on Neo-gaf.

(I had a lot more typed here that lambasts your position, but I edited it out. Just know, I don't agree and I hope that you do understand what it means to live in an ecominic system that strives for the free market).

 

[sangreal]

So if nothing happens in the next 2 days..the US is broke? Those republicans are killing not only the US Economy but also the world economy.

If nothing happens in the next 2 days, the US can only spend cash as it comes in through taxes and other fees. Since the current budget is at a huge deficit that means much of it can't be paid for this way

 

[Sanky Panky]

rating agency downgrade?

it begins

Hehe the rating agencies better watch out... they get sued by the government when they try to do their jobs.

 

[InsaneZero]

The default is a big deal, but the subsequent lack of confidence from getting into default in the first place will probably have a bigger impact.

 

[Drkirby]

If nothing happens in the next 2 days, the US can only spend cash as it comes in through taxes and other fees. Since the current budget is at a huge deficit that means much of it can't be paid for this way

It should be noted the US's ability to collect taxes and fees has been crippled for the past two week due to large amounts of the goverment being closed.

 

[jamesinclair]

I don't think it is possible for me to disagree with your position more. I also think it is one of the most wrong positions I have ever seen on Neo-gaf.

(I had a lot more typed here that lambasts your position, but I edited it out. Just know, I don't agree and I hope that you do understand what it means to live in an ecominic system that strives for the free market).

Oh yes, the free market is wonderful.

Were you hibernating between 2007 and 2010?

Do you think that favelas are optimal urban planning?

 

[NathanMcMahon]

Oh yes, the free market is wonderful.

Were you hibernating between 2007 and 2010?

Do you think that favelas are optimal urban planning?

sorta. it's called the conservative bubble.

 

[empty vessel]

There will be a deal, but it may not be before Oct 17 which is more of a soft deadline (when it becomes day to day). Republicans have been saying they think they can stretch it out at least a day or two past that (more or less supported by the treasury) and possibly all the way until Nov 1 (really dangerous) when some big obligations hit

This suggests that the Republicans' intention is simply and plainly to hurt Americans who work for the federal government by keeping them from work and from paychecks for as long of a time as possible. Which I certainly believe, as I can't think of any other objective to which they've rationally been working towards.

 

[jamesinclair]

sorta. it's called the conservative bubble.

I went shopping in the free market the other day.

I got salmonella

 

[Nicktendo86]

The default is a big deal, but the subsequent lack of confidence from getting into default in the first place will probably have a bigger impact.

This. The world economy is built around the assumption that the safest investment is US debt, if the default happens that assumption is smashed to pieces. It has become obvious to my mind that that assumption has already been broken as the US can come this close due to whims of a faction in one political party. The whole system of US government is broken, how people can't see this baffles me.

 

[DrEvil]

guys michelle obamas garden isn't being tended to

I'd say that if anything, during this shut down, her 'garden' is getting more 'tending' than it has in a while.

Spoiler

giggidy

 

[davepoobond]

So the beginning of the end began with citizens united?

 

[Jonm1010]

Who did what? Refuse to raise the debt ceiling, or run the total US debt accumulated since 1776 from 10 trillion in Jan 2009 to 17 trillion in 2013?

Yeah, yeah, I know .. the debt isn't real.


.

Perhaps next time try reading about the current political situation before you spout off.


This crisis isn't about the debt, it isn't about the budget, it isn't about the deficit.

 

[FlyinJ]

So the beginning of the end began with citizens united?

Most definitely.

I couldn't believe it when that was decided. This is exactly what I thought would happen... it was blatantly obvious. There was a damn good reason that SuperPACs were not allowed.

We get rid of SuperPACs, and the Tea Party goes away overnight.

 

[FyreWulff]

So the beginning of the end began with citizens united?

If you think about it.. it certainly had a large contribution to this situation

 

[Jonm1010]

This. The world economy is built around the assumption that the safest investment is US debt, if the default happens that assumption is smashed to pieces. It has become obvious to my mind that that assumption has already been broken as the US can come this close due to whims of a faction in one political party. The whole system of US government is broken, how people can't see this baffles me.

I think what most of the world is and will struggle with is even in this turmoil what can realistically replace the dollar as the worlds currency?

The euro? The Yuan? I just don't see any real scenario unless the US truly defaults where the world takes such a drastic shift.

 

[Mr. RHC]

So if nothing happens in the next 2 days..the US is broke? Those republicans are killing not only the US Economy but also the world economy.

Something will happen, there will be a last minute deal.

 

[Epsilon-delta]

If this goes into Friday morning with no deal, you can expect the market is going to react. Pushing it further till the 31st will just make it worse. I guess the Tea Party decided to be economic terrorists for Halloween.

 

[CzarTim]

Most definitely.

I couldn't believe it when that was decided. This is exactly what I thought would happen... and it's the reason that SuperPACs were not allowed.

We get rid of SuperPACs, and the Tea Party goes away overnight.

Let me introduce you to my friend, Gerry Mander.

 

[RumblingRosco]

Confidence in the US and the USD is probably destroyed now anyway regardless of whether we actually get into a default situation or not. I'm really wondering just how bad it will get. I've never been much of a doomsdayer, but I'm honestly at least a little worried now, particularly about my financial assets.

 

[Blader]

This. It will be another 11th hour deal, but it will get done.

There are A LOT of people on Capitol Hill who don't want to see a default happen.

Most people on Capitol Hill didn't want any of this to happen to begin with, and yet here we are.

The Tea Party doesn't think things through. They aren't rational or intelligent ("educated' as some of them may be). They act on emotion and us vs. them/david vs. goliath/little guy vs. monolithic mentalities. They don't care about the country or the broader implications of their actions (or, perhaps more likely, aren't even aware of said implications), all they care about is their districts, and all their inbred districts care about is maintaining their own little conservative bubble.

We're going to default because Tea Party Republicans have no idea what that actually means.

 

[Jonm1010]

Something will happen, there will be a last minute deal.

Yeah my only fear is that if one or two of the supposed moderate republicans that will be needed to pass the clean bill at the 11th hour flips and suddenly the vote fails.

 

[Nicktendo86]

I think what most of the world is and will struggle with is even in this turmoil what can realistically replace the dollar as the worlds currency?

The euro? The Yuan? I just don't see any real scenario unless the US truly defaults where the world takes such a drastic shift.

Good question, I really don't know. No one does, this uncharted territory is the scariest thing.

 

[I H8 Memes]

I will say the same thing I said the last time Republicans threatened the U.S. with a default. It wont happen. Not a chance. It would be political suicide. Stop worrying.

 

[AstroNut325]

Is the 14th amendment off the table?

 

[CrazyDude]

Is the 14th amendment off the table?

According to Obama, yes.

 

[jay]

So the beginning of the end began with citizens united?

The real beginning of the end was most likely the migration of homo sapiens out of Africa.

 

[Tex117]

Oh yes, the free market is wonderful.

Were you hibernating between 2007 and 2010?

Do you think that favelas are optimal urban planning?

The fact you can advocate for the nationalization of the stock market in the midst of a government shutdown leads me to believe that we cannot have an intelligent conversation about the pros and cons in any real way.

Were you paying attention that alot of the housing crisis was orignally spawned by the fact that the goverment required Freddy and Fannie Mac to make bad loans to home buyers thus effing with a free market that had determined that the loans were too risky to make? The government has aboslutely no idea how to effectively run itself let alone the largest econmony in the world.

And to the other poster about the "conservative bubble." What are you talking about?

Not wanting the stock market to be nationalized is not a "conservative bubble" idea. A convesrvative "bubble" idea is wanting a default or something asinine like that.

 

[empty vessel]

Hehe the rating agencies better watch out... they get sued by the government when they try to do their jobs.

Ratings agencies are dumb, and their ratings of the sovereign debt of governments with currency sovereignty are irrelevant.

Were you paying attention that alot of the housing crisis was orignally spawned by the fact that the goverment required Freddy and Fannie Mac to make bad loans to home buyers thus effing with a free market that had determined that the loans were too risky to make?

This is factually incorrect.

 

[ronito]

I will say the same thing I said the last time Republicans threatened the U.S. with a default. It wont happen. Not a chance. It would be political suicide. Stop worrying.

tea party