And They Want $1.2 Trillion

[JAMESBJOHNSON]

NEOLITE

We're all niggers, my man.

 

[DesertPirate]

Having this President pushing his FUD (fear, uncertanty, doubt) about how bad it is might work, With those to young to remember the Carter years!

 

[off2bed]

Nice Thread!

Whining about the political direction of an incumbent who has been in office barely a month is farcical.

The thing about the playground is the toughest guy gets to dictate the rules, the rules are changing. Live with it.

I beg your pardon? WTF are you talking about? Surely you're not referring to the rule of law in a representational republic?

 

[neonlyte]

I beg your pardon? WTF are you talking about? Surely you're not referring to the rule of law in a representational republic?

Good Lord, no.

No one would describe the USA, or the UK, or France, most of Africa, all of the Middle East, Japan, Portugal... as anything but democratic

 

[trysail]

The Return Of The Bond Vigilantes
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_LbjMwxIezE

(Fair Use Excerpt)
Bond Vigilantes Push U.S. Treasuries Into Bear Market
By Dakin Campbell and Daniel Kruger

Feb. 10 (Bloomberg) -- The bond vigilantes may be making a comeback.

A decade after forcing Bill Clinton to abandon his spending plans in favor of a balanced budget, investors in Treasuries are bedeviling President Barack Obama as he embarks on the most costly spending plan in U.S. history, driving up borrowing costs for the government and consumers...

...The so-called bond vigilantes torpedoed President Bill Clinton’s efforts to boost deficit spending in favor of a balanced budget.

The resulting rise in yields led Clinton political adviser James Carville to observe at the time: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.”

***​

 

[DesertPirate]

Meanwhile, the original post stated that our Govt can't even make money running a brothel. Does this explain why the Federal Reserve bank is such a cluster fuck?

 

[trysail]

The Return Of The Bond Vigilantes
http://www.bloomberg.com/apps/news?p...d=a_LbjMwxIezE

(Fair Use Excerpt)
Bond Vigilantes Push U.S. Treasuries Into Bear Market
By Dakin Campbell and Daniel Kruger

...The cost to protect U.S. government debt against losses is higher than that of France, according to traders of credit- default swaps. Contracts on five-year credit default swaps tied to Treasuries rose to 85 basis points from 67.4 basis points Dec. 31, according to CMA Datavision in London. The cost to insure France’s debt is 70 basis points...

 

[DesertPirate]

If that puts a stop to this stupidity I'm for it


The spendulous bill is like stabbing a trauma patient

 

[cloudy]

Whine, complain, whine, complain, whine, whine, whine.

 

[Selena_Kitt]

Over 80% of this Congress is the same do nothing intelligent crowd we had for the last 2 years.

Who, for those two years, were working under a chimp with veto power. I mean, really. What did you expect?

 

[off2bed]

Who, for those two years, were working under a chimp with line item veto power. I mean, really. What did you expect?

Line item veto? Really? What country are you talking about?

 

[JAMESBJOHNSON]

I say we do this.

Give every jungle bunny and trailer trash cracker a million dollars plus their choice of MD, MBA, or PhD degree. Then wait 5 years.

At the end of 5 years nothing will have changed. The jungle bunny will be in his ghetto, and the cracker will be in his trailer.

 

[Stella_Omega]

This thread is like a "who's Who" of my ignore list. I see a post by someone and then three or four deleted posts, then a post by someone, perhaps with a quote in it, then another four or five deleted posts...

 

[JAMESBJOHNSON]

STELLA

I doubt anyone gives a fat rats ass what you think.

 

[Huckleman2000]

This thread is like a "who's Who" of my ignore list. I see a post by someone and then three or four deleted posts, then a post by someone, perhaps with a quote in it, then another four or five deleted posts...

If you could see it, it's less a "who's who", and more a circle of jerks in a circle jerk.

 

[Stella_Omega]

If you could see it, it's less a "who's who", and more a circle of jerks in a circle jerk.

Listen, you, when are you going to find yourself a studlier av?

 

[incubus666]

This thread is like a "who's Who" of my ignore list. I see a post by someone and then three or four deleted posts, then a post by someone, perhaps with a quote in it, then another four or five deleted posts...

Just a comment about deleted posts. I didn't do it. I don't even know how to see deleted posts much less delete them. So who has the ability to delete them?

 

[Belegon]

Meanwhile, the original post stated that our Govt can't even make money running a brothel.

Perhaps it's time to point out that when we have record deficit spending, we are not only "not making money." We are losing it at a record pace, and borrowing more to lose even more.

Simply not making money is beyond the capacity of the government at this time. I would be happy if our new administration manages to cut our losses. Reaching a break-even point would be an unqualified success.

And even though it does no good, I feel compelled to point out that the last new chief executive took over with a surplus and in the middle of a growth cycle.

Can a President change everything about the economy? Of course not. But to claim that Bush 1 & 2 were blameless and Clinton and now Obama are the problem requires the kind of myopia that no laser surgery can correct.

 

[trysail]

Here's a simple economics question to ponder:

If government subsidizes something ( like, for example, residential mortgages ), what is the outcome likely to be?

 

[Selena_Kitt]

Just a comment about deleted posts. I didn't do it. I don't even know how to see deleted posts much less delete them. So who has the ability to delete them?

They're not deleted - she just can't see them, because she has certain people on "ignore." Very useful function

You like that "Hope" and "Change" have turned into "Fear and Catastrophe"?

I seem to remember your boy preaching fear and catastrophe, too, in a big way when he wanted a bailout for his friends the fat cats on Wall Street. "Oh the sky is falling, the sky is falling!" But your boy didn't even put a checks and balance in to find out where the money was actually going after he gave taxpayers' money away... brilliant!

 

[off2bed]

Here's a simple economics question to ponder:

If government subsidizes something ( like, for example, residential mortgages ), what is the outcome likely to be?

1. People who can't afford to pay back a loan will start taking out loans.

2. The politicians who enacted it will have bought votes.

3. The supporters of the policy will demagogue it with "if you're against it, you want to make people homeless."

4. The people paying taxes to fund the subsidy will have to fork over more and more as demand rises.

5. When the people with subsidized loans realize they can default and no one will mind, the cycle of government tax and spend will accelerate.

 

[Stella_Omega]

Just a comment about deleted posts. I didn't do it. I don't even know how to see deleted posts much less delete them. So who has the ability to delete them?

No user can actually delete posts, only a very few mods. The management has a hands off policy, and will only delete spam. But you can add names to an ignore list, via USER CP.
Any posts by anyone one that list are collapsed and look like they are deleted-- as far as you're concerned! Also, any threads begun by an ignored person simply do not exist for you.

Being that I'm a writer, I chose to come to the author's hangout for non-political reasons. And being that I'm a liberal and I don't really want to argue with the more... strident... rightwingers here, AND being that I'm a libertine and don't havve so much self control as all that... iggy is my friend here on literotica.

 

[Belegon]

5. When the people with subsidized loans realize they can default and no one will mind...

Fuck! You mean I DIDN'T have to pay back my student loans? No one would have minded?

Damn it, why didn't you tell me this before I paid them off?

 

[cloudy]

Fuck! You mean I DIDN'T have to pay back my student loans? No one would have minded?

Damn it, why didn't you tell me this before I paid them off?

Me too!

 

[Stella_Omega]

Fuck! You mean I DIDN'T have to pay back my student loans? No one would have minded?

Damn it, why didn't you tell me this before I paid them off?

Yeah, and who the hell is it that keeps calling my house, looking for some ex-student that had my phone number before I got it?

Must be a con artist.