*****Official Government Shutdown Gamethread*****

[boutons_deux]

Why are people acting like this is done? LOL ever depending on the House to get done.

yep

http://www.youtube.com/watch?feature...&v=65F6lRdUU_c

[The Reckoning]

didn't think boutons would be a pulp fiction fan tbh

[LnGrrrR]

I remember when WildCobra was castigating Obama for saying things that would "upset the confidence " of the market. Good thing a default wouldn't do that.

[boutons_deux]

didn't think boutons would be a pulp fiction fan tbh

seen it many many times. "dead n!gg@ storage"

Vincent: Goddamn, that's a pretty ing good milkshake!
Mia: Told you.
Vincent: I don't know if it's worth $5, but it's pretty ing good!

[pgardn]

LOL... That isn't my point at all...

I want someone here to say how devastating it will be tomorrow, so we can prove them wrong. Put their faith/reputation on the line.

So tell be, what will happen tomorrow if no bill is passed?

Do you have the balls to put that ty reputation of yours on the line? --- You may as well... you have nothing to lose, and you can only gain credibility...

http://www.washingtonpost.com/blogs/.../payments1.jpg


Here.

You decide when the world realizes the US is not a safe place for money. 58 billion on Nov.1 and the computers in the Treasury most likely start dropping bad checks.
But you decide when people start pulling their money, the stock market crashes, and the flow of money ceases. And after you figure it out, tell me what the exact temperature on the top of Mt. Everest will be 4 days, 7 hours, 33 min., and 2 seconds from now.

[The Reckoning]

seen it many many times. "dead n!gg@ storage"

Vincent: Goddamn, that's a pretty ing good milkshake!
Mia: Told you.
Vincent: I don't know if it's worth $5, but it's pretty ing good!

reminds me of the $5 milkshake at the alamo drafthouse. i highly recommend it.

[ElNono]

Why are people acting like this is done? LOL ever depending on the House to get done.

this

[boobie4three]

Idiots think the shutdown is Bush's fault.

[LnGrrrR]

^
Wow, you proved stupid people exist! Good job! I will tell the Nobel Prize committee today!

[boobie4three]

^
Wow, you proved stupid people exist! Good job! I will tell the Nobel Prize committee today!

Let's call them what they really are. Stupid 0bama supporters.

[LnGrrrR]

It's a good thing there aren't any stupid Republicans, amirite?

[boobie4three]

It's a good thing there aren't any stupid Republicans, amirite?

Not a one.

[pgardn]

Let's call them what they really are. Stupid 0bama supporters.

So why is it Republicans listen to and believe Rush Limbaugh and Ted Cruz?

Because they are wise?

[ChumpDumper]

Any republican who thought this shutdown might work is an idiot.

[boobie4three]

So why is it Republicans listen to and believe Rush Limbaugh and Ted Cruz?

Because they are wise?

Strapping some of you folks to a chair and forcing you to listen to a week's worth of Limbaugh shows would be the best thing that ever happen to you people. As far as Ted Cruz, in the coming months as more and more Americans are exposed to the stinking pile of dung that is 0bamacare, Cruz will be lauded as a statesman for having stood up in an attempt to strike it down. You heard it here first.

[boobie4three]

Any republican who thought this shutdown might work is an idiot.

It's only halftime twink.

[DMX7]

republicans representing their tea party cons uents is all. they're playing politics here.

and it's not something to play with. the next round of chicken may be worse. i say we vote every in bent out of office the next round of elections.

You would just see the same thing happen all over again. The problems are systemic. Repugs in gerrymandered districts have to act like clowns to fend off primary challangers and the Speaker has to have their support to pass conservative legislation. He could pass bi-partisan legislation that is not radical, but then he would probably lose his Speakership if he just ignored the clownshow and used the support of the moderate conservatives (moderate relative to the Tea Baggers) and democrats only.

[boutons_deux]

From Confederate East Texas

Deep shutdown thoughts from America's Dumbest Congressman



“The President and Harry Reid should not have shut this government down,” said Rep. Louie Gohmert (R-Texas) during an afternoon question and answer session with Congressmen.

“This has been coming for a long time … Democrats were waiting on a shutdown they could blame on Republicans.”A

17-year-old member of the audience from Ohio approached the mic and asked why the shutdown hasn’t come to an end. “

Once the President and Harry Reid see that the American public have seen through their smoke screen, that they are intentionally making americans suffer … you will see the shutdown come to an end overnight,” Gohmert said.

http://www.dailykos.com/story/2013/1...n?detail=email

[Wild Cobra]

http://www.theguardian.com/world/201...ine-1-november

Useless for my question/statement. I'll bet you don't even know why.

[Wild Cobra]

those social welfare/safety net checks, and govt payroll, are BIG es in the outflow. if Treasury inflow doesn't match outflow, it must borrow, but tea baggers want to block the borrowing, so no checks go out. ing simple

True, but the SS and SS disability are technically off budget, and are constantly receiving more money than paying out. This is one fund the government borrows against to pay for other programs.

[Wild Cobra]

What are the risks?

The assumption that lawmakers, in effect, may have a little time after Thursday to raise the ceiling before Treasury faces its first real cash crunch could be blown out of the water if the unthinkable happens -- a Treasury auction fails.

On Thursday, the Treasury has to roll over $120 billion in outstanding debt. That means it needs to issue new debt to pay off the principal on the old debt coming due. Usually in such auctions the holders of the maturing debt simply "roll over" their investment into the new bonds that Treasury issues.

But if they decide to cash out instead and there aren't enough buyers for the new debt to replace them, Treasury would be on the hook to pay off the old bonds in full. Treasury Secretary Jack Lew likened that to having to pay off one's entire mortgage instead of just having to make a month's mortgage payment.

Another rollover auction to replace $93 billion in outstanding debt will be held a week later,

A failed auction is a worst-case scenario that may never come to pass. But were it to happen, Treasury could start defaulting on some of the country's obligations immediately thereafter since its cash and revenue would be tapped out.

http://money.cnn.com/2013/10/16/news...html?hpt=hp_t1

Is it your contention that we should be held hostage to such a crippling system?

I say let it happen!

Nothing too harmful will come of it, except for congressmen losing elections in 2014 that want to keep borrowing.

[Wild Cobra]

No one knows exactly. Or the next day. Eventually when we run out of money there had been talk about selectively paying back T-bills that come due and SS first.

We need to run out of money, and SS is flush with it until a few more years.

But what you fail to continue to understand is that just the uncertainty of the most stable haven for money not being able to pay its creditors is not the same as a local bank defaulting. Just the perception of the US not coming through with payments is enough to start a giant snowball effect. So you wish to test exactly what happens first?

Good.

Our stupid congressmen and president need to realize that interest rates fluctuate. maybe you wish to lay dead like roadkill, but i am not willing to lay down for these traitors in congress. They are spending away my children's money, and this must end!

Were you alive in 2007-2008? Do you remember what the mere threat of money not being liquid did? Do you like bartering?

I didn't see ant problems related to it at all at all until after the bailout.

Oh, oh, nothing came of it, so no problem. Pull your head out of your ass.

No, you are putting your hear in your ass. Hoping this will go a few more years until finding a solution. maybe you are hoping you will die before an impending economic disaster.

we need to address this now. Not later. the longer we wait, the worse it will be.

[boutons_deux]

"crippling system"

you mean financial buy/sell contracts?

Your squirrels got more clue than you.

The debt is a result of Repug tax cuts, giveways, wars, unfunded , NOT runaway spending.

[Wild Cobra]

I remember when WildCobra was castigating Obama for saying things that would "upset the confidence " of the market. Good thing a default wouldn't do that.

How would rising bond prices upset the market?

[Wild Cobra]

http://www.washingtonpost.com/blogs/.../payments1.jpg


Here.

You decide when the world realizes the US is not a safe place for money. 58 billion on Nov.1 and the computers in the Treasury most likely start dropping bad checks.
But you decide when people start pulling their money, the stock market crashes, and the flow of money ceases. And after you figure it out, tell me what the exact temperature on the top of Mt. Everest will be 4 days, 7 hours, 33 min., and 2 seconds from now.

You must be a prized liberal lemming, repeating their propaganda.

Again, SS is a separate fund, and constantly has money coming in from employers.