So, uh... About that debt ceiling.

[Broncojohnny]

Mike, I agree with you except on paying more taxes. You forgot one thing.........You are forgetting that the government (the stupid bastards we ellected) are spending YOUR money, and you are talking about you NOT spending your money. They don't care how they spend YOUR money.

People rarely spend other people's money as wisely as their own. That is one of Milton Friedman's many sayings.

[YALE]

I'm telling you, it will come right down to the last second and the solution will be meaningless but will come with a pretty headline.

Both parties want to keep spending, that is the problem. The only reason the Republicans are saying they don't is because the polls tell them to say it.

Heardja.

[FastFox]

Spending Cuts

My little brain may not be able to comprehend this but why don't they just shut off spending, make drastic cuts fix the problem and be done with it? You know, like what individual people and families have to do when they don't have money to pay their bills? What is there to think about? When I was younger and didn't have all the money to pay bills I had to eat cheap, live cheap, and spending was out of the question. Lifestyle change for sure. I understand it is not because of us, the people, that got us in this situation as much as it is the government, but I say do what needs to be done, make it hurt and get it the fuck over with. The current plan of sitting around fondling ourselves obviously isn't working. If I have to pay more taxes for a year or two for the greater good ie retirement for me and/or even my kid, then so be it, but do something.

This just seems like a very simple solution. If I have 0 dollars in the bank but have 3 credit cards with no balance, I am most likely going to find a way to make more money and not max my shit out and borrow money....

Just my two cents.

Mike, I agree with you except on paying more taxes. You forgot one thing.........You are forgetting that the government (the stupid bastards we ellected) are spending YOUR money, and you are talking about you NOT spending your money. They don't care how they spend YOUR money.

[Broncojohnny]

I get the feeling the Democrats and Republicans are going to attempt to take the teeth out of each others' plans, and we'll go down to the damn wire. Cue Uncle Al's predicted grandstanding:
http://www.msnbc.msn.com/id/43544677...s-white_house/

I'm telling you, it will come right down to the last second and the solution will be meaningless but will come with a pretty headline.

Both parties want to keep spending, that is the problem. The only reason the Republicans are saying they don't is because the polls tell them to say it.

[YALE]

Ugh...

I get the feeling the Democrats and Republicans are going to attempt to take the teeth out of each others' plans, and we'll go down to the damn wire. Cue Uncle Al's predicted grandstanding:

http://www.msnbc.msn.com/id/43544677/ns/politics-white_house/

[Broncojohnny]

Oh well. Just have to buy some more with petty cash.

Or just close your eyes and pick something else to lose your ass on.

[slow99]

Lol at Nokia...what a shit show.

[TexasDevilDog]

Rough day to be an internet superhero...

Oh well. Just have to buy some more with petty cash.

[Broncojohnny]

It was a symbolic vote to show Obama that the Republicans "mean business this time!".

Of course they don't mean business and will fold like a fucking lawn chair on the day they absolutely have to fold. They will drag it out to the bitter end just to grab votes. The bottom line is that they CAN'T not raise it. The Dems will be on TV talking about social security checks not getting mailed and the Republicans phones at the capitol will start ringing and never stop.

I have read many different opinions on QE3 and most people in the know say it would be too politically costly for the Fed to do it. As in, the resulting inflation would drive the masses crazy and the net result would be Congress reducing the Fed's power to take action in the future. We shall see I suppose.

[Denny]

OK, so now that the House blocked the raising of the debt limit; no more bond auctions, no QE3?

Where are we going?

[Broncojohnny]

My 6,000 shares of Nokia are well today. Caught that falling knife at $8.06 back in March.

Rough day to be an internet superhero...

[SMEGMA STENCH]

you are dumber than a fifth grader

So that would make you something like an unborn fetus.

[futant]

Maybe once they cause WW3 they'll care? Probly not. Unless it results in the losing office over it. But people would likely still elect them so I guess that isn't a problem for them. You could hype up a rotting corpse and people would vote it into office.

you are dumber than a fifth grader

[SMEGMA STENCH]

Maybe once they cause WW3 they'll care? Probly not. Unless it results in the losing office over it. But people would likely still elect them so I guess that isn't a problem for them. You could hype up a rotting corpse and people would vote it into office.

[Denny]

That's one way to hide it...