RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall

RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (Full Version)

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MrRodgers -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/7/2013 9:44:32 PM)
quote: ORIGINAL: girl4man Love your sig line! Let me guess, are you the one that started the slogan..."Get govt. out of my medicare ?"

MrRodgers -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/7/2013 9:49:45 PM)
quote: ORIGINAL: girl4man Oh-by the way- all this claptrap about the supreme court has ruled it constitutional: There are plenty of grounds on which to challenge it. and 2. As I learned in law school, as far as litigation goes, the supreme court isn't last because it's right, it's right because it's last. Learn the difference. Now this is almost funny if it wasn't ridiculous. Are you actually saying the supreme court doesn't decide whicjh laws are in fact constitutional and thus a law that congress is charged to enforce ? Since when ? Can you give me an example ? Let me guess, the 2nd amend. then doesn't really confer an individual the right to bear arms ?

MrRodgers -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/7/2013 9:52:11 PM)
quote: ORIGINAL: Lucylastic between the sequester, the last debt ceiling and various other bills, etc, how much has been cut from spending??? Fiscal 2008 deficit...$1.4 trillion. Fiscal 2012 deficit...$600 billion.

MrRodgers -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/7/2013 9:57:00 PM)
quote: ORIGINAL: DomKen quote: ORIGINAL: girl4man quote: ORIGINAL: DomKen Wrong. No, increase in the debt limit means there will not be sufficient cash on hand to service the debt and do all the other things the country must, by law, pay for as well. Since they cannot do all of those things then, since none are given priority all would receive less than is needed and one missed interest payment means the US defaults on all bonds presently in circulation and that means the collapse of the world economy as interest rates throughout the developed world go through the roof. I assume you are a person of average intelligence. If you will read your paragraph carefully, word by word, you will find at least some of your errors. One word at a time. Think about that ONE word. After you do that, then go to the next word. Your third sentence is the most entertainingly in error. We clearly do have priorities.... because 80% plus of government has been up and running regardless.... Not to mention, the House has been setting priorities like mad for a week. Even if the Senate resents priorities, cause they aren't the Senate's priorities. Must have socialized medicine, must have socialized medicine, must have socialized medicine. :) "defaults" on "all" bonds. You sure about that? You want to rethink that? You think the U.S. government issued "all" bonds on the same date? Do you think they "all" come due on the same date? "interest rates through the roof" Interest rates now are so low they are impeding investment, as no one finds risk worth a paltry 1% return. Other big errors here, but you get the drift..... Remember, one word at a time. All right fun is fun. This has got to be one of the best imitations of batshit insane right wingers I've seen in a long time. Come forward and take your bows. Domken you are right. This is beginning to put a smile on my face. I am beginning to think girl4man now is just fuck'n with us. Nobody could that ill-informed.

MrRodgers -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/7/2013 10:06:22 PM)
quote: ORIGINAL: girl4man quote: ORIGINAL: graceadieu Do you seriously think the federal government can operate on a cash basis? You couldn't run a car dealership on a cash basis, let alone a complex organization that employs 2 million people and has a huge variety of long-term projects, millions of bills, and an irregular cashflow. It would impossible. Just another person scoring points, by slinging words together, that SOUND close to the same, but are not the same things. I wasn't suggesting the government use no cash management. I was simplifying a concept that was perhaps too complex for some people. Evidently, also for you. My, my, so many imprecise thinkers, so little time! You're implicitly stating the government is borrowing money to engage in cash management, while we all know that it's borrowing approx. $850 Billion a year, to indulge in its overspending habits -NOT to ensure payment for operating expenses until tax receipts come in. Scoring points, scoring points.... No one wants to be serious about stopping Rome from burning. Nero loved the show, too! Bravo!!!!! I say again: BRAVO!!!! You cannot be serious, please tell us, you're just fucking with us right ? Wow, if this poster is serious, it does explain the popularity of certain talking heads in media. You have explained nothing, have shown no knowledge at all and have now run your course with me. Go ahead score my points too as you have zero for this OP. None of your posts have made any sense at all.

DesideriScuri -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 5:14:17 AM)
quote: ORIGINAL: MrRodgers quote: ORIGINAL: girl4man Oh-by the way- all this claptrap about the supreme court has ruled it constitutional: There are plenty of grounds on which to challenge it. and 2. As I learned in law school, as far as litigation goes, the supreme court isn't last because it's right, it's right because it's last. Learn the difference. Now this is almost funny if it wasn't ridiculous. Are you actually saying the supreme court doesn't decide whicjh laws are in fact constitutional and thus a law that congress is charged to enforce ? Since when ? Can you give me an example ? Let me guess, the 2nd amend. then doesn't really confer an individual the right to bear arms ? Actually, the Supreme Court only ruled that the "fine" for not having health insurance is Constitutional as a "tax." They also ruled that stripping all Medicaid funding to a State that didn't expand Medicaid was unConstitutional. The only Medicaid subsidy it can withhold from a State is that part that was being offered for the State to expand Medicaid. Any other challenge that isn't one of those two can still be brought to court and the SCOTUS might eventually have to rule on it.

DesideriScuri -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 5:17:35 AM)
quote: ORIGINAL: MrRodgers quote: ORIGINAL: Lucylastic between the sequester, the last debt ceiling and various other bills, etc, how much has been cut from spending??? Fiscal 2008 deficit...$1.4 trillion. Fiscal 2012 deficit...$600 billion. Cite, please. OMB's Historical Table 1 shows that FY2008 deficit was $458B and FY2012 deficit was $1.087T. Those numbers don't answer the question anyway.

girl4man -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 6:46:24 AM)
sorry to all you spendaholics, but girl4man hasn't the time to correct all your errors.... such that, I like republicans! I am a republican, so to speak, because the dems and gop have a lock on the electoral process. Anybody here actually run for office as a libertarian? You should try it sometime, if masochism is seriously your thang! I don't support government programs for the poor..... I don't support social security, I don't support the income tax, I DEFINITELY have no use for the federal reserve, and the Bushes--well, let's just say, the bushes are Obama lite! Except they had the courage to be in the military... so a big diff there! don't support direct election of senators, or the 16th amendment, the department of education, energy, common core, no child left behind, prescription drug benefit, "homeland" security (what a boffo name!). I merely go along with some of these things because the daft masses don't realize what they're doing to America and they outnumber me. But, hey, you want to say there's nothing to cut, okay. There's NOTHING to cut, and it's ALL rounding errors! But the next time I try to contribute to a specifc person abused as a child through MaleSurvivor.org, and they explain to me that IRS regs don't allow tax deductible donations to a specific person in great need, I'll remember your "compassion" for others, by stealing my money to give to welfare cheats. Life is grand! So is charity using other people's $$$. You must be SOOOO proud of yourselves. Obviously, you are.

girl4man -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 6:49:50 AM)
Oh, and I wanted to live in the state chosen by the FreeStateProject.org, but they picked New Hampshire, and this girl4man will NOT live in another snowbound state. Ugh!!!

girl4man -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 6:55:44 AM)
don't support: HHS (health & human services), portions of Civil rights act of 1964, attorneys fees as part of section 1983 actions (that's why all the crosses are coming down- and I'm an atheist! But respect, be thy name!) trying to think...cabinet level offices.... more coffee! Don't support ADA "Americans with disabilities act; TSA (my my all those illegals just walking in, but Americans MUST be groped! Love Obama!); Help me here: what else is not enumerated in the constitution? You know, I love freedom. The real kind, not the slogan kind. Don't want your busybody selves telling me what to do, or taking my $$$! All you people know is: do what I say, or I'll Force you! So dom of you!

Yachtie -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:18:30 AM)
quote: ORIGINAL: girl4man don't support: HHS (health & human services), portions of Civil rights act of 1964, attorneys fees as part of section 1983 actions (that's why all the crosses are coming down- and I'm an atheist! But respect, be thy name!) trying to think...cabinet level offices.... more coffee! Don't support ADA "Americans with disabilities act; TSA (my my all those illegals just walking in, but Americans MUST be groped! Love Obama!); Help me here: what else is not enumerated in the constitution? Abstractly, a shit load. Lawful bribery (an oxymoron); i.e. when the 55mph was imposed on the states. Federal properties other than those so enumerated. DC as it currently stands; geographic.

girl4man -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:20:12 AM)
Yes, that would be a DOT thing, right?? Saw this on Breitbart: a man who's thinking: http://www.breitbart.com/Big-Hollywood/2013/10/06/Jason-Alexander-Question-Public-Funding (of the arts)

mnottertail -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:28:08 AM)
LOL. Breitbart. The drool is strong with this one.

graceadieu -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:31:13 AM)
quote: ORIGINAL: girl4man quote: ORIGINAL: graceadieu The reason they're called that, the reason it's funny, is because they were going on TV talking about "teabagging" the government (by sending them bags of tea as an act of protest). They were going on TV saying that! It was hilarious. If you can't laugh at grown heterosexual men talking about how they want to "teabag" Congress, you need to lighten up a little. That's not the reason they're called "teabaggers" and its disingenuous of you to say so. Yes, it is. It's a joke. Everybody (left and right) that knew that that term meant while the Tea Party was actually using it to describe their own activities was laughing their asses off every time they said that. I can see why people might consider it a little mean, though, to make fun of their (former) ignorance.

graceadieu -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:35:49 AM)
quote: ORIGINAL: girl4man quote: ORIGINAL: graceadieu quote: ORIGINAL: papassion As long as the US Dollar is the world currency, we are golden. You got that right. The US dollar is the world standard because we always pay our debts. We never default, even if (like now) we have to borrow more money to pay back what we owe now. But the moment we fail to raise the debt ceiling, and either 1) default on the debts that are about to come due or 2) shut down most essential functions of the federal government, the world is going to stop viewing us as the stablest country with the stablest currency. If the GOP drives us off this cliff, we're going to see the world flee the dollar. The value of our currency is going to go through the floor, and people will stop lending to us or greatly raise our interest rates. We'll be forced to dramatically raise taxes and cut whole government programs and go into severe, economy-hobbling austerity measures. quote: Watch for more nations to dump dollars as the US's economic fissures grow deeper. If Boehner doesn't change is tune, this is absolutely what's going to happen. Gosh, because we "always pay our debts." Lots of places always pay their debts. Try again! Lots of places don't pay their debts, because the company goes bankrupt or the country's economy tanks or the government gets overthrown. US bonds are considered pretty much the safest investment on the planet for a reason. It's because, unlike stocks or mutual funds, you will absolutely 100% get your money back plus interest if you buy it. Because we always pay out debts. That's why people have and continue to trip over themselves to lend us as much money as we're willing to take.

mnottertail -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:39:52 AM)
Situation [image]local://upfiles/61037/D2C7654D9D7E436D8F581FA05CAC391D.jpg[/image]

mnottertail -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:41:15 AM)
Normal [image]local://upfiles/61037/C04F6883B13948CDB052426DF14F287C.jpg[/image]

cloudboy -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:49:40 AM)
quote: Do you seriously think the federal government can operate on a cash basis? You couldn't run a car dealership on a cash basis, let alone a complex organization that employs 2 million people and has a huge variety of long-term projects, millions of bills, and an irregular cashflow. It would impossible. We'll said.

graceadieu -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 7:51:26 AM)
quote: ORIGINAL: girl4man quote: ORIGINAL: graceadieu Do you seriously think the federal government can operate on a cash basis? You couldn't run a car dealership on a cash basis, let alone a complex organization that employs 2 million people and has a huge variety of long-term projects, millions of bills, and an irregular cashflow. It would impossible. Just another person scoring points, by slinging words together, that SOUND close to the same, but are not the same things. I wasn't suggesting the government use no cash management. I was simplifying a concept that was perhaps too complex for some people. Evidently, also for you. My, my, so many imprecise thinkers, so little time! You're implicitly stating the government is borrowing money to engage in cash management, while we all know that it's borrowing approx. $850 Billion a year, to indulge in its overspending habits -NOT to ensure payment for operating expenses until tax receipts come in. Scoring points, scoring points.... No one wants to be serious about stopping Rome from burning. Nero loved the show, too! Bravo!!!!! I say again: BRAVO!!!! We do borrow a lot of money that adds to our debt, and in the future we do need to raise revenues and cut expenses to deal with that. That's obvious. But that's not the pressing issue here - Congress has time to figure that out. The debt ceiling issue we're facing right now has nothing to do with the budget for next year, it's about borrowing money so we can cover the bills that we're going to get two weeks from now for money we've already spent (see my point about the impossibility operating on a cash basis) or are legally required by act of Congress or the Constitution to fund.

DesideriScuri -> RE: U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (10/8/2013 9:12:44 AM)
quote: ORIGINAL: mnottertail Normal [image]local://upfiles/61037/C04F6883B13948CDB052426DF14F287C.jpg[/image] LMAO!!!

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