Would the GOP types push the USA into default ?

[Lord Baal]

No we wouldn't.

It's called humour.

 

[Cutlass]

Is the relative effect of the oil income that profound, though? That'd be a giant, giant factor regardless.

Norway goes further than any other country who's economy is resource based to keep those revenues from distorting the rest of the economy and society.

 

[Richard Cribb]

It's called humour.

Is it now. I am sorry, but I don't have any use for that sort of thing.

Norway goes further than any other country who's economy is resource based to keep those revenues from distorting the rest of the economy and society.

Indeed. Unfortunately Norway is also less of a welfare state than when I was young. Quite contrary to what that blogger is claiming.

 

[Cutlass]

And it's not actually that much more taxed than the US, either.

 

[Hygro]

Is it now. I am sorry, but I don't have any use for that sort of thing.

what just happened.

 

[Archbob]

I'm excited about the prospect of a default. It will be easier in the ensuing chaos for me to slay enemies and rise up as a powerful warlord.

 

[Hygro]

You're going to need Beamz by Flo.


Link to video.

 

[FriendlyFire]

Debt-ceiling breach would push economy into free fall, without a government safety net

The Obama administration will have to decide whether to delay — or possibly suspend — tens of billions of dollars in Social Security checks, food stamps and unemployment benefits if negotiations to raise the federal debt ceiling are not resolved this week, experts say, one of the many difficult choices officials will have to make at a time when the government will essentially be running on fumes.

The government will begin Monday with about $30 billion cash in the bank and a little more room to borrow as a result of extraordinary measures launched in the wake of the debt-ceiling crisis. By Thursday, administration officials say they will exhaust all borrowing authority and have only that cash on hand.

Experts on federal finances say that money might be enough to make payments for a few days, but certainly not for more than two weeks. In any event, they say, President Obama will have to make untested decisions about who and what to pay because daily tax receipts will make up only about 70 cents of every dollar of necessary spending.

Economists at Citi Research ran a simulation recently that included a worst-case scenario in which lawmakers don’t raise the debt limit for an extended period of time. The model predicted that unemployment could shoot back to 10 percent and the economy would dive into recession.

But the results “could have been worse than that,” said William Lee, a global economist at Citi, because the model assumes that in the case of recession, government spending picks up as more people qualify for unemployment benefits and food stamps.

http://www.washingtonpost.com/busin...d588-3287-11e3-8627-c5d7de0a046b_story_1.html

Let me Guess the sequester was Obamas idea just like the government shutdown and default is Obamas idea. At least the massive numbers of unemployed will not be able to get food stamps or unemployment benefits.

 

[Hygro]

this is rad. I've been in school way too long, but it means I've gotten to have economics professors comment on every step of this pre-and-post crash economy since 2007.

 

[bugwar]

Let me Guess the sequester was Obamas idea just like the government shutdown and default is Obamas idea. At least the massive numbers of unemployed will not be able to get food stamps or unemployment benefits.

Well, not to put to fine a point on it, but he has been given one opportunity after another to take the gun away from the heads of the American people.

In each case, he declined.

 

[Cutlass]

Well, not to put to fine a point on it, but he has been given one opportunity after another to take the gun away from the heads of the American people.

In each case, he declined.

So what's the excuse of the Republicans for putting a gun to the head of the American people?

 

[Lord Baal]

So what's the excuse of the Republicans for putting a gun to the head of the American people?

If more Democrats had guns, the Republicans couldn't hold guns to the American people's heads.

 

[El_Machinae]

I'm getting somewhat annoyed, honestly. I rarely see any Tea Party types discussing Medicare. It's the elephant in the room.

 

[Cutlass]

If more Democrats had guns, the Republicans couldn't hold guns to the American people's heads.

More Democrats have guns than people probably think.... Democrats are just less likely to have more than 3 assault rifles per person.

 

[Ziggy Stardust]

Well, not to put to fine a point on it, but he has been given one opportunity after another to take the gun away from the heads of the American people.

In each case, he declined.

http://www.nationaljournal.com/cong...-tried-to-negotiate-with-republicans-20131007

19 times.

And yes, in each case they declined.

 

[Cutlass]

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/13/the-gops-latest-poison-pill/?tid=rssfeed

Republicans have a new tactic to destroy any hope of compromise. They are trying to build in structural victories for themselves, without ever having to compromise.

 

[Hygro]

I'm getting somewhat annoyed, honestly. I rarely see any Tea Party types discussing Medicare. It's the elephant in the room.

What should they say? In fact, why would you want them to say anything at all?

 

[JollyRoger]

 

[Antilogic]

I have to imagine some of these signs are from ironic protesters who know what they are doing.

 

[Leoreth]

It's impossible to parody the Tea Party.