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The Tea Party is back in business! (2 Viewers)

Matthias said:
Boehner to allow a vote on the Senate deal, neutering Cruz's ability to stop it.
:thumbup:

And with that bit of news, the last obstacles are defeated. If this is true, the government will be open by tomorrow and the debt ceiling no longer an issue.

This has been a TOTAL defeat for the Tea Party, though they are sure to blame everyone else. It will be interesting to see what happens now to the GOP.
He'll face a primary challenge, there will be a serious push for the formation of a third political party, and the Democrats will retain institutional control at the federal level for decades to come along with any institutional Republicans who choose to play nice and side with them. In other words, other than the possibility of a third party, not much will change.

If nothing else this has been an exercise in separating the wheat from the chaff in the Republican party, the sell outs from the rest. Let the chips fall where they may.

 
Take this for what it's worth which is tenuous at best...

A buddy just messaged me something about a military base in Missouri receiving "marshall law" signage. He wouldn't go into much more detail but there ya go...

Before you lunatics try to paint me as some tinfoil hatter:

I don't forsee marshall law... I don't think Obama is out to get us... I don't think this is was part of some master plan... I give the signs arrival about 75% chance of being true (guy is merely an acquaintance, though he does indeed work at a base and in a capacity that he'd likely see this sorta stuff).

Even IF there is signage being distributed I'd wager it's more of a broad stroke precautionary measure than anything... but it's interesting to me nonetheless.

:popcorn:
Spelled like that? :lmao:
It's not what you think. There's a guy named Marshall who's going to be in charge for awhile. We'll see how it goes.
Marshall Mathers? Or Maybe Marshall from "How I met your Mother"? He is tall

 
I wonder if the House had terms greater than 2 years, whether any of this would have happened.
I thought the same thing about having a true Senate again and getting rid of the 17th Amendment.
Interesting. So how do you think going back to the old way would fix the current problems in Washington? Do you think those in the Senate sent forth by their State legislatures would be more apt to compromise and govern, or does it have more to do with the power of one elected official over time?
Absent the 17th amendment, there's zero chance the debt would have grown like this in the first place.

 
I wonder if the House had terms greater than 2 years, whether any of this would have happened.
I thought the same thing about having a true Senate again and getting rid of the 17th Amendment.
Interesting. So how do you think going back to the old way would fix the current problems in Washington? Do you think those in the Senate sent forth by their State legislatures would be more apt to compromise and govern, or does it have more to do with the power of one elected official over time?
Absent the 17th amendment, there's zero chance the debt would have grown like this in the first place.
how do you figure?

 
Several sources suggesting that once this situation has been resolved, Obama, the Democrats, and establishment Republicans are going to work together to get immigration reform through the weakened House. :towelwave:
Well, that makes sense. Now that the immediate crisis is "solved", might as well not work on the very real budget problems and simply kick the can further down the road. Budget issues? Pssshhhaww, that can wait...

Also, when will you finally learn to stop listening to "sources say"?

 
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I wonder if the House had terms greater than 2 years, whether any of this would have happened.
I thought the same thing about having a true Senate again and getting rid of the 17th Amendment.
Interesting. So how do you think going back to the old way would fix the current problems in Washington? Do you think those in the Senate sent forth by their State legislatures would be more apt to compromise and govern, or does it have more to do with the power of one elected official over time?
Absent the 17th amendment, there's zero chance the debt would have grown like this in the first place.
Because absent the 17th, states wouldn't have allowed the federal government to usurp power in areas like Education, Highway Funding, Social Security, Medicare, etc., and the federal government never would have spent all that money in those areas.

 
I wonder if the House had terms greater than 2 years, whether any of this would have happened.
I thought the same thing about having a true Senate again and getting rid of the 17th Amendment.
Interesting. So how do you think going back to the old way would fix the current problems in Washington? Do you think those in the Senate sent forth by their State legislatures would be more apt to compromise and govern, or does it have more to do with the power of one elected official over time?
Absent the 17th amendment, there's zero chance the debt would have grown like this in the first place.
Because absent the 17th, states wouldn't have allowed the federal government to usurp power in areas like Education, Highway Funding, Social Security, Medicare, etc., and the federal government never would have spent all that money in those areas.
[SIZE=10.5pt]While I understand why you feel that way, I'm not sure that is true. The Feds did a lot of that through bribes and some threats (mostly about money) to the states. The changes were all in the states best interest (through bribes and threats).[/SIZE]

 
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I wonder if the House had terms greater than 2 years, whether any of this would have happened.
I thought the same thing about having a true Senate again and getting rid of the 17th Amendment.
Interesting. So how do you think going back to the old way would fix the current problems in Washington? Do you think those in the Senate sent forth by their State legislatures would be more apt to compromise and govern, or does it have more to do with the power of one elected official over time?
Absent the 17th amendment, there's zero chance the debt would have grown like this in the first place.
Because absent the 17th, states wouldn't have allowed the federal government to usurp power in areas like Education, Highway Funding, Social Security, Medicare, etc., and the federal government never would have spent all that money in those areas.
[SIZE=10.5pt]While I understand why you feel that way, I'm not sure that is true. The Feds did a lot of that through bribes and some threats (mostly about money) to the states. The changes were all in the states best interest (through bribes and threats).[/SIZE]
Exactly. Senators appointed by states would not have voted to bribe and threaten the states, or those Senators would have been fired from their positions. Senators elected by the public serve their own best interests (as in, the Senator's interest to him/herself) to increase Federal power at the expense of state power. Senators appointed by states would not serve their own best interests to do so.

 
Matthias said:
Jojo the circus boy said:
Joe T said:
How is the panic coming along in here?
The sun has not come up yet, maybe the sky fell. Oh wait, the sun doesn't come up for another hour, carry on.
It's weird how proud some people are of being flat-earthers.
By repeating the same nonsense does not make it true, chicken-little.
Honest question, do you believe you understand the economy and the potential impacts better than the large majority of economists who say this is a really bad thing? Or do you just not care because you believe you are positioned to weather any repercussions?
What impacts exactly are you afraid of? Put a probability on it.
crickets

 
Take this for what it's worth which is tenuous at best...

A buddy just messaged me something about a military base in Missouri receiving "marshall law" signage. He wouldn't go into much more detail but there ya go...

Before you lunatics try to paint me as some tinfoil hatter:

I don't forsee marshall law... I don't think Obama is out to get us... I don't think this is was part of some master plan... I give the signs arrival about 75% chance of being true (guy is merely an acquaintance, though he does indeed work at a base and in a capacity that he'd likely see this sorta stuff).

Even IF there is signage being distributed I'd wager it's more of a broad stroke precautionary measure than anything... but it's interesting to me nonetheless.

:popcorn:
Spelled like that? :lmao:
It's not what you think. There's a guy named Marshall who's going to be in charge for awhile. We'll see how it goes.
WE ARE! MARSHALL LAW!

 
Several sources suggesting that once this situation has been resolved, Obama, the Democrats, and establishment Republicans are going to work together to get immigration reform through the weakened House. :towelwave:
Well, that makes sense. Now that the immediate crisis is "solved", might as well not work on the very real budget problems and simply kick the can further down the road. Budget issues? Pssshhhaww, that can wait...

Also, when will you finally learn to stop listening to "sources say"?
Didn't you hear? There's just not enough time to do this now last time the time before that.....

 
Matthias said:
Matthias said:
Jojo the circus boy said:
Joe T said:
How is the panic coming along in here?
The sun has not come up yet, maybe the sky fell. Oh wait, the sun doesn't come up for another hour, carry on.
It's weird how proud some people are of being flat-earthers.
By repeating the same nonsense does not make it true, chicken-little.
Honest question, do you believe you understand the economy and the potential impacts better than the large majority of economists who say this is a really bad thing? Or do you just not care because you believe you are positioned to weather any repercussions?
What impacts exactly are you afraid of? Put a probability on it.
crickets
First Order Effects* US borrowing becomes more expensive. The US has to pay a higher interest rate on its borrowing. Some organizations which are required to hold X% of their money in a certain level of secure wealth will have to divest themselves of US bonds. This necessitates more spending cuts/more taxes to keep up on the same amount of debt.

* Hastens the flight from the dollar as the reserve global currency, causing the dollar to lose value and Americans to lose purchase power abroad. This in turn brings a lower US standard of living.

Second Order Effects

* Total financial meltdown. Finance deals and contracts which are backstopped by US treasuries are forced to be unwound. Possibility of repeat of 2009.

But hey, you can scratch your ### and say it's all make-believe because once again, the adults took care of business.
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.

 
lod01 said:
LOL at this stupid woman senator on CNN. 'We have to get control of our debt'. Hey #######, it will always grow. It has to grow. The country cannot function without it growing. We instantly go into a recession.
Funny, we had budget surpluses before but we did not have these instant recessions you refer to. Enlighten us with your vast knowledge of economics.
You got it. It's called Modern Monetary Theory. You should read about it rather than listening to these idiots on tv saying that we need to cut spending. It simply cannot happen. Right now you are seeing the impact of this. The shutdown is estimated to be costing the economy $300 million per day. How long do you think that can go on before another epic recession?

http://articles.washingtonpost.com/2012-02-18/business/35442562_1_john-kenneth-galbraith-budget-surplus-economists

If the government is running a surplus, money is accruing in government coffers rather than in the hands of ordinary people and companies, where it might be spent and help the economy.

There is a reason we are the largest consumers in the world. Without us, the world economy collapses. It's actually genius, shipping jobs out of the country. Therefore we can spend as much as we want. The rest of the world can do nothing about it but go along with it. What you see on tv is simply for show. They all know it already. I know it. Now you know it.

Oh, by the way, $16 TRILLION is staring right at you if you don't believe this. Are we bankrupt? Nope and not even close.
Pretty much the same type of head in the sand logic which lead to the real estate meltdown and subsequent mortgage/banking crisis. Yes, some debt is fine. But we are headed to a point where it will not be. We have rapidly increasing debt and and aging population which is going to consume more and more of our government. The burdon which is going to placed on future genreations will be enrormous. What happens when our debt and expenditures require more than 50% of all income to be taxed? It is not a pretty future. People will become less willing to want to take on our debt and the interest rates will rise and rise. People will be less willing to work, because most of their income will be taken by the government. But go ahead and keep convincing yourself it is just imaginary and everything is rosey..
:lmao: at comparing the national debt to ANYTHING else debt related.

In case you aren't paying attention, they are going to raise the debt limit.

The bold is where you listen to the talking heads. They have no clue. If this statement were true, we already would have high interest rates.

 
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Matthias said:
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.
I'd say 100% on all of them in a 6-month, 10-year, and 1-week timeframe, respectively.You've brought ****-all to this thread.
so you are telling me the sky is falling (in your world)

:lmao: :lmao: :lmao:

ETA: and yet your predictions are still as vague as can be, you just know SOMETHING bad is going to happen, but you don't have the intellect to quantify it.

 
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Matthias said:
Matthias said:
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.
I'd say 100% on all of them in a 6-month, 10-year, and 1-week timeframe, respectively.You've brought ****-all to this thread.
so you are telling me the sky is falling (in your world)

:lmao: :lmao: :lmao:

ETA: and yet your predictions are still as vague as can be, you just know SOMETHING bad is going to happen, but you don't have the intellect to quantify it.
I'm telling you that the adults in the room are fixing the problem so that the dam doesn't burst. But hey... what do Wall Street CEOs and economists know? You are Internet Tough Guy and you will not be denied!!!
and you are chicken little predicting with 100% probability that the sky is falling, glad we have that sorted out

 
Matthias said:
Matthias said:
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.
I'd say 100% on all of them in a 6-month, 10-year, and 1-week timeframe, respectively.You've brought ****-all to this thread.
so you are telling me the sky is falling (in your world)

:lmao: :lmao: :lmao:

ETA: and yet your predictions are still as vague as can be, you just know SOMETHING bad is going to happen, but you don't have the intellect to quantify it.
I'm telling you that the adults in the room are fixing the problem so that the dam doesn't burst. But hey... what do Wall Street CEOs and economists know? You are Internet Tough Guy and you will not be denied!!!
and you are chicken little predicting with 100% probability that the sky is falling, glad we have that sorted out
Now that we have all that sorted out, can we get back to discussing what the hell "****-all" is? :confused:

 
Matthias said:
Matthias said:
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.
I'd say 100% on all of them in a 6-month, 10-year, and 1-week timeframe, respectively.You've brought ****-all to this thread.
so you are telling me the sky is falling (in your world)

:lmao: :lmao: :lmao:

ETA: and yet your predictions are still as vague as can be, you just know SOMETHING bad is going to happen, but you don't have the intellect to quantify it.
I'm telling you that the adults in the room are fixing the problem so that the dam doesn't burst. But hey... what do Wall Street CEOs and economists know? You are Internet Tough Guy and you will not be denied!!!
and you are chicken little predicting with 100% probability that the sky is falling, glad we have that sorted out
Now that we have all that sorted out, can we get back to discussing what the hell "****-all" is? :confused:
Nothing,

 
Several sources suggesting that once this situation has been resolved, Obama, the Democrats, and establishment Republicans are going to work together to get immigration reform through the weakened House. :towelwave:
Well, that makes sense. Now that the immediate crisis is "solved", might as well not work on the very real budget problems and simply kick the can further down the road. Budget issues? Pssshhhaww, that can wait...

Also, when will you finally learn to stop listening to "sources say"?
How better to help the budget than have millions of new people paying taxes?

Sources tell me, however, that you might not agree with this idea...

 
Matthias said:
Matthias said:
And how likely are you putting each of those at (AKA Probability), and when you make a very vague statement I expect you to not be so vague since that is all you libs are good for in this thread, well that and posting pictures of ostriches with their head in the sand, which is the same thing.
I'd say 100% on all of them in a 6-month, 10-year, and 1-week timeframe, respectively.You've brought ****-all to this thread.
so you are telling me the sky is falling (in your world)

:lmao: :lmao: :lmao:

ETA: and yet your predictions are still as vague as can be, you just know SOMETHING bad is going to happen, but you don't have the intellect to quantify it.
I'm telling you that the adults in the room are fixing the problem so that the dam doesn't burst. But hey... what do Wall Street CEOs and economists know? You are Internet Tough Guy and you will not be denied!!!
and you are chicken little predicting with 100% probability that the sky is falling, glad we have that sorted out
Now that we have all that sorted out, can we get back to discussing what the hell "****-all" is? :confused:
One of the last words with #### that still gets through the language filter. :coffee:

 
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How better to help the budget than have millions of new people paying taxes?

Sources tell me, however, that you might not agree with this idea...
Legalize and tax pot?

Probably irrelevant to this thread, but its my solution to everything budget-related. Carry on.
Pretty good idea, once the experiments in Colorado and Washington have matured. Obviously needed is new legislation covering issues such as driving under the influence of pot, and practice with testing etc. Not sure there is 600bn to be had on this but who knows. Certainly growers that today don't pay taxes will have their income legitimized, as will all parts in the distribution chain, although it is likely that new players will emerge to take out the less competitive operations

 
How better to help the budget than have millions of new people paying taxes?

Sources tell me, however, that you might not agree with this idea...
Legalize and tax pot?

Probably irrelevant to this thread, but its my solution to everything budget-related. Carry on.
Pretty good idea, once the experiments in Colorado and Washington have matured. Obviously needed is new legislation covering issues such as driving under the influence of pot, and practice with testing etc. Not sure there is 600bn to be had on this but who knows. Certainly growers that today don't pay taxes will have their income legitimized, as will all parts in the distribution chain, although it is likely that new players will emerge to take out the less competitive operations
The problem is that Colorado and Washington residents are already complaining about the possible tax on pot. Don't kid yourself. All of these pot smokers who want it legalized for medicinal use and so it can be taxed and help the country neither want it for medicinal use or want it taxed.

 
How long do you guys think it will take to get the government back up and running?
It's been three weeks, so I'm guessing it might take a couple tries before it even turns over. Even then, once it does I'd just let it sit in the driveway and run for about an hour before I started actually using it.

 
How better to help the budget than have millions of new people paying taxes?

Sources tell me, however, that you might not agree with this idea...
Legalize and tax pot?

Probably irrelevant to this thread, but its my solution to everything budget-related. Carry on.
Pretty good idea, once the experiments in Colorado and Washington have matured. Obviously needed is new legislation covering issues such as driving under the influence of pot, and practice with testing etc. Not sure there is 600bn to be had on this but who knows. Certainly growers that today don't pay taxes will have their income legitimized, as will all parts in the distribution chain, although it is likely that new players will emerge to take out the less competitive operations
Not to hijack too much, but its a 2-sided benefit; you save the wasted "war on pot" money and collect taxes. Win-win.

 
Take this for what it's worth which is tenuous at best...

A buddy just messaged me something about a military base in Missouri receiving "marshall law" signage. He wouldn't go into much more detail but there ya go...

Before you lunatics try to paint me as some tinfoil hatter:

I don't forsee marshall law... I don't think Obama is out to get us... I don't think this is was part of some master plan... I give the signs arrival about 75% chance of being true (guy is merely an acquaintance, though he does indeed work at a base and in a capacity that he'd likely see this sorta stuff).

Even IF there is signage being distributed I'd wager it's more of a broad stroke precautionary measure than anything... but it's interesting to me nonetheless.

:popcorn:
Spelled like that? :lmao:
:lol: no... was posting from phone via siri dictation/driving and missed that while cleaning up. You get the premise.

GB Poor SIRI.

 
Matthias said:
Matthias said:
Jojo the circus boy said:
Joe T said:
How is the panic coming along in here?
The sun has not come up yet, maybe the sky fell. Oh wait, the sun doesn't come up for another hour, carry on.
It's weird how proud some people are of being flat-earthers.
By repeating the same nonsense does not make it true, chicken-little.
Honest question, do you believe you understand the economy and the potential impacts better than the large majority of economists who say this is a really bad thing? Or do you just not care because you believe you are positioned to weather any repercussions?
What impacts exactly are you afraid of? Put a probability on it.
crickets
First Order Effects

* US borrowing becomes more expensive. The US has to pay a higher interest rate on its borrowing. Some organizations which are required to hold X% of their money in a certain level of secure wealth will have to divest themselves of US bonds. This necessitates more spending cuts/more taxes to keep up on the same amount of debt.

* Hastens the flight from the dollar as the reserve global currency, causing the dollar to lose value and Americans to lose purchase power abroad. This in turn brings a lower US standard of living.

Second Order Effects

* Total financial meltdown. Finance deals and contracts which are backstopped by US treasuries are forced to be unwound. Possibility of repeat of 2009.

But hey, you can scratch your ### and say it's all make-believe because once again, the adults took care of business.
:goodposting:

Worth mentioning that we are already seeing the flight to non-Treasury sources of safety right now. Credit markets are slowing. This all has a negative impact on the rate of growth, even if we don't hit the ceilling.

 
Senate now giving each other handies across the aisle. Way to govern and make laws Congress!!!! We're all very proud of your accomplishments two weeks after this #### should have been decided! Now kick the can down the road again, that makes perfect sense. :thumbup:

 
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Senate now giving each other handies across the aisle. Way to govern and make laws Congress!!!! We're all very proud of your accomplishments two weeks after this #### should have been decided! Now kick the can down the road again, that makes perfect sense. :thumbup:
Now I wish I could look at all their etrade accounts and see how many of them bought some short-term options yesterday afternoon.

 

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