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I remember when the tea baggers were LYING that the hated IRS would get access to everybody's health records. Now the tea baggers are FORCING the IRS deeper into ACA operations.
LOL...
Just proves cherry picking in the media works...
I remember when the tea baggers were LYING that the hated IRS would get access to everybody's health records. Now the tea baggers are FORCING the IRS deeper into ACA operations.
At 11th Hour, G.O.P. Blinks in Standoff
Speaker John A. Boehner, the leader of conservative House Republicans whose push to strip money for the health law led to the shuttering of much of the government on Oct. 1, said that the House would not block a bipartisan agreement reached in the Senate that yielded virtually no concessions to the Republicans.
http://www.nytimes.com/2013/10/17/us...debate.html?hp
curb stomped the tea baggers.
Kock Bros dropped $200M on a 3-year project to kill ACA.
High Cost to the Economy From the Fiscal Impasse
Stalled pallets of goods idling at ports. Reduced foot traffic at sandwich shops in downtown Washington. Canceled vacations to national parks and to destinations abroad. Slashed corporate earnings forecasts. Higher interest payments on short-term debt.
Even as the shutdown of the United States government and the threat of a default appear to be coming to an end, the cost of Congress’s gridlock has already run well into the billions, economists estimate. And the total will continue to grow after the shutdown ends and uncertainty persists about whether lawmakers might reach another deadlock next year.
A complete accounting might take months to put together once the government reopens and the Treasury returns to adding to the country’s debt. But economists said that the intransigence of House Republicans would take a bite out of fourth-quarter growth, with knock-on effects for employment, business earnings and borrowing costs. Those effects would be global.
“We saw huge effects during the summer of 2011, with consumer confidence hitting a 31-year low in August and third-quarter G.D.P. growing just 1.4 percent,” said Beth Ann Bovino, the chief United States economist at Standard & Poor’s. “Given that this round of debt ceiling negotiations” is coming during a shutdown, she said, “the impact on the economy could be even more severe.”
The two-week shutdown has trimmed about 0.3 percentage points from fourth-quarter growth, the forecasting firm Macroeconomic Advisers, based in St. Louis, has estimated. Standard & Poor’s, the New York ratings agency, estimates that the shutdown will cut about 0.3 percent off inflation-adjusted G.D.P. for each week the shutdown drags on. Most analysts are predicting that growth will remain subpar, probably running at an annual pace of around 2 percent.
“The reputational damage is done,” said Markus Schomer, chief economist at PineBridge Investments in New York. “Regardless of whether we get a deal, there will be efforts to diversify away from the United States in terms of assets.”
Moreover, this latest budget impasse comes after years of similar episodes, and the economic ramifications have ac ulated over time, analysts say. A new Macroeconomic Advisers report, prepared for the Peter G. Peterson Foundation, estimates the costs of the fiscal uncertainty of the last few years. Its model suggested that since late 2009, that uncertainty has increased certain corporate borrowing costs by 0.38 percentage point, lowered economic growth by 0.3 percentage point a year and raised this year’s unemployment rate by 0.6 percentage point. That translates into 900,000 lost jobs.
“We are baffled by the idea that the pace of deficit reduction needs to be increased, given how rapidly the picture is improving already,”
“Then we can come back some time in December, January and February and do this all over again,”
http://mobile.nytimes.com/2013/10/17...?from=homepage
Well seeing that he said that in response to you calling him for bull , I imagine he won't understand why it doesn't answer your 'question.
South Dakota Ranchers Face Storm’s Toll, but U.S.’ Helping Hands Are Tied
The cattle lay in heaps of tangled hooves, collapsed against fences and submerged in creeks. Some had curled up behind hay bales, hiding from 70 mile-per-hour winds that scattered herds for miles, struck by hypothermia weeks before they were scheduled to go to market.
In one of the worst blizzards to hit western South Dakota, ferocious winds and snow as deep as five feet killed tens of thousands of livestock and damaged the area’s economy. More than a week later, many of the cows remain unburied.
“At this point in time, it’s important to step over the dead ones and take care of the living,” said Gary Cammack, a state representative and rancher who lost 120 cows and calves, about a fourth of his herd.
Delayed by more inclement weather and ground too soggy for tractors, Mr. Cammack, like many ranchers in this farming community just east of the Black Hills, hopes to begin the gruesome work of cleaning up the carcasses this week. But while state and county agencies have helped clear roadsides and have provided burial pits, the federal government shutdown has only complicated the crisis.
http://www.nytimes.com/2013/10/16/us...d.html?hp&_r=0
The Government Shutdown Has Cost The Economy $24 Billion
Standard & Poor’s calculates that the shutdown that has so far lasted just over two weeks has taken $24 billion out of the economy, shaving at least 0.6 percent off of GDP in the fourth quarter.
The agency had originally predicted a 3 percent growth rate in GDP this quarter, noting that “we thought politicians would have learned from 2011 and taken steps to avoid things like a government shutdown and the possibility of a sovereign default.” But now recognizing that “our forecast didn’t hold,” it has reduced that estimate to 2 percent.
http://thinkprogress.org/economy/201...st-24-billion/
You didn't state anything. You asked for a link explaining why there wouldn't be checks and you got it.
That assumes that paying out SS has priority over paying, say, debt interest. link?
Healthcare will be the death of us all.
I give up.
You don't understand.
SS is a different / off budget function. They cannot decide not to pay it.
At 11th Hour, G.O.P. Blinks in Standoff
Speaker John A. Boehner, the leader of conservative House Republicans whose push to strip money for the health law led to the shuttering of much of the government on Oct. 1, said that the House would not block a bipartisan agreement reached in the Senate that yielded virtually no concessions to the Republicans.
http://www.nytimes.com/2013/10/17/us...debate.html?hp
curb stomped the tea baggers.
Kock Bros dropped $200M on a 3-year project to kill ACA.
Is he speaking for all 435 voting house members, or just the leadership?“The fight will continue. But blocking the bipartisan agreement reached today by members of the Senate will not be a tactic for us.”
Wouldn't it be funny of the house still voted no?
Well, I am going to chime in and say that ElNono over the years has demonstrated much more savvy on fiscal matters then you ever have. Seeing that you have no credibility and fail to even attempt to explain yourself, it appears you are fronting about things you do not understand which you have again and again been shown to do.
All he asked for was a link corroborating your assertion. I get you don't give a damn about your credibility but damn...
Since you have been terribly wrong so far, what is your prediction for the "second half."
It would be funny to see those who voted no ed over by the leadership after that.
I do understand. This isn't a budgetary issue. It's a cashflow issue. It's correlated to the debt-ceiling not the shutdown.
If the Treasury has $30b on hand but has to pay out $120b, it has to borrow the other $90b. If it doesn't have the authority to borrow, it has to prioritize paying one thing or the other.
Not complicated at all.
In the coming months Boehner will grow a pair, or buy a pair from balls-R-us. Either way, he'll play hardball finally. The majority of the Senate Republicans will be beaten about the head and shoulders by their cons uents back home and will also be ready to play hard ball. 0bama will be taking a severe beating over the failure of 0bamacare and will capitulate and agree to a 1 year delay. The sequester will remain in place and we may even be able to extract some more reductions in en lement spending. Anyway, that's what I predict and I'm sure you will agree.
How many times do you have to be absolutely wrong before you start questioning the biased news sources you consume that just tell you what you want to hear? How about maybe a little introspection? Does it bother you at all that you don't live in reality and that you're willingly duped?
Believe it or not, this all came from my fertile brain. No outside influence. Nobody else is saying this. I'm on a island.
Play hardball how?
Threaten to shutdown the government again?
Who knows? My prediction is based on wishful thinking. So what do you predict?
I predict more tone deaf posturing from the Republicans. The Democrats won't really do anything because they don't have to.
We'll see. We could be in for a Happy Holiday Season,.....depending on your point of view.
It does not matter that it is a separate fund you crackhead, there will not be enough money. Less money coming in than due. Nov.1 it's all paid/ through the treasury system computers. The only separate computer system is sovereign debt.
Read
http://www.washingtonpost.com/blogs/...e-debt-ceiling
This is actually a short version for people who enjoy suicide. You. If you can tell me what is inaccurate in the explanation above please do.
Last edited by pgardn; 10-16-2013 at 09:38 PM.
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