Shutdown

[cgk_iii]

I believe that Marshall law will soon be declared. It's all happening slowly. All i can say is stock up on ammo and dont let your guard down.

[einhander]

Wow. An op-ed.

So what?

[Vedubin01]

[Fusion]

Market is rallying. All will be well.

That's like judging good health based on pubic hair length.

[nando]

I see you stepped out of the echo chamber for a moment. never let facts get in the way - that's your motto, right?

[gwb72tii]

Again just because they don't raise the limit does not = a default on debts outstandig

never let the facts get in the way

[mrsleeve]

Again just because they don't raise the limit does not = a default on debts outstandig

[InuFaye]

Looks like a default is inevitable now.

[nando]

yep. but it's Obama's fault that they couldn't bother to vote on the senate bill that night. right?

[BraveUlysses]

House Republicans Changed The Rules So A Majority Vote Couldn't Stop The Government Shutdown

In its effort to extract concessions from Democrats in exchange for opening the government, the GOP has faced a fundamental strategic obstacle: They don't have the votes. A majority of the members of the House have gone on record saying that if they were given the opportunity to vote, they would support what's known as a "clean" continuing resolution to fund the government.

So House Republican leaders made sure no such vote could happen.

[nando]

nope. try again.

even if you cut 100% of discretionary spending, you wouldn't make a dent in the debt. it's the mandatory spending that's sucking us dry.

[Cabriolet]

remove all forums of welfare and pull our troops out of all the other countries.
budget balanced
other countries like us
only those who dont work will be mad.

/thread

[nando]

what do you think they world governments are going to do? we've basically got a gun to our head and the only chance is if the moderates stand up and say enough of this nonsense.

this isn't a Disney movie, there's no knight in shining armor that's going to save us at the last minute; god's not going to wave his hand and magically make them pass an agreement. a default may still be unlikely but it's entirely possible and there are plenty on the extreme fringe who'd like to see it happen. The problem is, they're really close to having the power to making that a reality.

[Todd Black 88]

The US will NEVER default on anything. The world markets and economy will never allow it. The US is the largest consumer and manufacturer of goods in the world, and the rest of the world cannot allow a collapse. It would unhinge the entire world economy.

This is the reason you see the markets climbing even with the "grandstanding" in the US government over the debt ceiling. The people in the markets know it really means nothing, as they have been through it before. All that will happene is the US will print more money, and devalue thier currency, and use that currency devaluation to pay thier debts back at a lower total cost to the government.

never?

I think you underestimate how crazy people like Cruz and Bachmann really are.

Not while the US is the economic and consumer faction that it is. The US government may attempt to do it, but I don't believe the world banks and governments will allow them to. It would destroy the world economic structure and throw so many other countries into utter collapse.

[nando]

how would I know?

it's obvious that what begun as a libertarian movement, akin to OWS, has been completely hijacked by the super rich (Kochs etc) and turned against them. they are part of what they are fighting against and they don't even know it. it's only in their echo chamber that they think they are "winning" or that somehow anyone could "win" from this mess..