Holy *&%^.

[RallyMo]

This is not surprising, but still, holy *&%^.

 

 

[Adam]

Whoa dude!

[mtangelsfan]

Wow.

[Caralho]

I'm just waiting for a default and then Obama to be impeached over it. 

[Blarg]

_{Welcome to the one party system now please take your seat and nod your head in approval.}

[RallyMo]

I'm just waiting for a default and then Obama to be impeached over it. 

 

Good heavens, I hope you're wrong about all of that.

[Caralho]

Good heavens, I hope you're wrong about all of that.

 

I hope I am too. But honestly the way the House is acting, the best bets have been to assume the worst. I want to believe they will get something done tomorrow but the House GOP can't get their shit together. Today they are talking about adding conscience clauses for birth control and they can't even get the votes for that. The only way this is solved is if 20-25 GOPers vote with Democrats to pass something but Boehner has to allow that to happen and I am not sure he will because he has the spine of a noodle.

[Adam]

If anyone needs me, I'll be at Smart and Final loading up on canned goods and duct tape

[fan_since79]

There's no reason to default. The government takes in at least $250 billion each month in tax receipts. The money comes in on a daily basis. Just today alone they will bring in about $30 billion, since Oct 15 is the deadline for tax filers who requested a six-month extension. The interest payment on the national debt is about $25 billion/month. So the government takes in about ten times what is necessary to fund the debt. 

 

The only way the country will default is if Jack Lew, the Treasury Secretary, refuses to make this payment. It will be his fault and the fault of his boss, Obama, if the economy collapses.

Edited October 15, 2013 by fan_since79

[mtangelsfan]

I'm embarrassed I was ever a registered Republican.

 

I'll never be a Dem, but the Republicans are absolutely despicable and moronic.  I can't stand them.

[Adam]

Parliamentary Inquiry, fan_since79, I don't really have a question, I just wanted to start a question with "parliamentary inquiry."

[mtangelsfan]

There's no reason to default. The government takes in at least $250 billion each month in tax receipts. The money comes in on a daily basis. Just today alone they will bring in about $30 billion, since Oct 15 is the deadline for tax filers who requested a six-month extension. The interest payment on the national debt is about $25 billion/month. So the government takes in about ten times what is necessary to fund the debt. 

 

The only way the country will default is if Barack Obama orders this interest not to be paid. It will be his fault alone if the economy collapses.

 

LOL, that is a ridiculous comment.  His fault alone?  Do you realize how many steps will have had to be taken to get to that point?   Wow. 

[Amazing Larry]

I'm just waiting for a default and then Obama to be impeached over it. 

I don't think that letting the federal government default on it's debt is an impeachable offense. 

 

Bypassing Congress and funding government through an executive order may be though.

[fan_since79]

LOL, that is a ridiculous comment.  His fault alone?  Do you realize how many steps will have had to be taken to get to that point?   Wow. 

 

I edited my post as you were responding. It will be Jack Lew's fault if he refuses to make the monthly interest payment on the debt. I'm not saying this will happen, but it's the only way we can actually default. By extension it would be Obama's fault, since Lew is his Treasury Secretary.

[mtangelsfan]

I will add this one caveat.  Honestly this whole cluster**** couldn't be better timing for Obama.  While the Republicans are making themselves look like the total and complete assclowns they clearly are, Obamacare is failing miserably so far and it's way down the line in news because of this instead.

 

Well done Republicans, you have managed to give Obama another easy way out. 

[Caralho]

LOL wow. You actually think that the financial markets will just shrug this off. Part of the reason why our interest rates are so low is because the US is known for paying all of their obligations. It's simple if the US is willing to screw over their employees, vendors and people on Social Security, the bond markets will have good reason to believe they are next. And US government receipts and spending are lumpy, sometimes big sums come in and sometimes they go out. There will be a cash crunch, maybe not at the end of the week but certainly when Social Security benefits have to be paid. 

[RallyMo]

LOL, that is a ridiculous comment.  His fault alone?  Do you realize how many steps will have had to be taken to get to that point?   Wow. 

 

Agreed. FS79 isn't stupid enough to believe what he wrote. He's trolling.

[Caralho]

I will add this one caveat.  Honestly this whole cluster**** couldn't be better timing for Obama.  While the Republicans are making themselves look like the total and complete assclowns they clearly are, Obamacare is failing miserably so far and it's way down the line in news because of this instead.

 

Well done Republicans, you have managed to give Obama another easy way out. 

 

The federal website has been a disaster, it would have been all over the news every day. In fact many people think that the reason why the website sucks is because the government is shut down. By the time this thing is over, the website might actually be functional.

[fan_since79]

I'm embarrassed I was ever a registered Republican.

 

I'll never be a Dem, but the Republicans are absolutely despicable and moronic.  I can't stand them.

 

I still can't figure out why they don't just let Obamacare roll out, and let the country see during the next year how awful it is.

 

If the Dems are the "Evil party", the GOP is certainly the "Stupid party". Total political incompetence.

[mtangelsfan]

I edited my post as you were responding. It will be Jack Lew's fault if he refuses to make the monthly interest payment on the debt. I'm not saying this will happen, but it's the only way we can actually default. By extension it would be Obama's fault, since Lew is his Treasury Secretary.

 

You have missed the point completely.  Numerous parties have done idiotic things to bring us to the point where we are at today.  Including the above video.  How can you blame on person when multiple parties will have participated in all the steps necessary to get us to this point?  It is not logical.

[Blarg]

LOL, that is a ridiculous comment.  His fault alone?  Do you realize how many steps will have had to be taken to get to that point?   Wow. 

With Fan-since79, one step.

 

Problem > Obama's fault.

[RallyMo]

I assume that the potential losses that could be generated here will make any losses that the ACA would have increased look like chump change.

 

What a bunch of as*holes.

[Amazing Larry]

LOL wow. You actually think that the financial markets will just shrug this off. Part of the reason why our interest rates are so low is because the US is known for paying all of their obligations. It's simple if the US is willing to screw over their employees, vendors and people on Social Security, the bond markets will have good reason to believe they are next. And US government receipts and spending are lumpy, sometimes big sums come in and sometimes they go out. There will be a cash crunch, maybe not at the end of the week but certainly when Social Security benefits have to be paid. 

November 1st seems to be the day that a large chunk of payments are due that the Treasury will not be able to afford.

[Adam]

I'm not smart enough to write a descriptive, detailed reason as to why I feel like the Rs and Ds are conspiring on this whole deal, but the older I get, the bigger celebrities these douchebags become, the more cynical I find myself. 

 

ACRO! Come out, come out wherever you are!

[RallyMo]

These people are willing to cause a ridiculous amount of harm to a ridiculous amount of people because they didn't like a healthcare law that passed legitimately.

 

What a bunch of f*cking traitorous babies.