govt shutdown looms

[Danzig]

http://news.msn.com/us/fools-errand-...op-on-cruz-lee


the article asks if it was a fools errand or a heroic stand.
well, imo, cruz and lee are fools-so there's no way i'd say it was a heroic stand. it's a defeat, one which may have after-effects for some time to come. they are custer times two.

[joeydb]

So everything is going to be OK so long as we keep spending a lot more money than we take in? Is that what the "adults" of the Senate chamber think?

Brilliant.

[dellinger63]

Funny how yesterday the media decided the Dow rising 300 points was do to the settlement (actually the presumption of a deal) yet this morning with the deal being official and the Dow down over a 100, all is mum.

[GenuineRisk]

Key and Peele's piece after Obama won reelection seems very apropos today. Just substitute "Ted Cruz" for "Mitt Romney."

http://www.comedycentral.com/video-c...ator---victory

Originally Posted by dellinger63

Funny how yesterday the media decided the Dow rising 300 points was do to the settlement (actually the presumption of a deal) yet this morning with the deal being official and the Dow down over a 100, all is mum.

Nothing funny at all; the old adage of "buy on the rumor, sell on the news" applies. Also, pay no attention to the fact that the Dow has more than doubled since the bottom of 3/09. Maybe we should call it the "Tea Party Rally."

[dellinger63]

Originally Posted by Ocala Mike

Nothing funny at all; the old adage of "buy on the rumor, sell on the news" applies. Also, pay no attention to the fact that the Dow has more than doubled since the bottom of 3/09. Maybe we should call it the "Tea Party Rally."

Guess that's why Jack Lew has a government job and not at Goldman. He would have lost his shirt.

[geeker2]

Originally Posted by joeydb

So everything is going to be OK so long as we keep spending a lot more money than we take in? Is that what the "adults" of the Senate chamber think?

Brilliant.

Hey how about all those earmarks that were included in the "Clean Bill".

Thank God things are back to normal !!

[Danzig]

Originally Posted by joeydb

So everything is going to be OK so long as we keep spending a lot more money than we take in? Is that what the "adults" of the Senate chamber think?

Brilliant.

they absolutely need to come up with a viable budget.

however, debt ceiling time isn't the time to be trying to work on that. when's the last time congress actually passed a budget?

and tell me, when reagans admin saw 18 debt ceiling raises, were you saying things like this then?

[Danzig]

Standard & Poor's estimated the shutdown has taken $24 billion out of the economy, and the Fitch credit rating agency warned Tuesday that it was reviewing its AAA rating on U.S. government debt for a possible downgrade.

Obama and his Democratic allies on Capitol Hill were the decisive winners in the fight, which was sparked by tea party Republicans like Sen. Ted Cruz of Texas, who prevailed upon skeptical GOP leaders to use a normally routine short-term funding bill to "defund" the 2010 health care law known as Obamacare.

"We fought the good fight. We just didn't win," House Speaker John Boehner, R-Ohio, conceded in a radio interview. He was given positive reviews from Republicans for his handling of the crisis, though it again exposed the tenuous grasp he holds over the fractious House GOP conference.

[jms62]

Nice to see that furloughed workers will get back pay for the time off. If they didnt maybe they would be pissed off enough to vote them all out. Guess we didnt save much money at all.

[Danzig]

Originally Posted by jms62

Nice to see that furloughed workers will get back pay for the time off. If they didnt maybe they would be pissed off enough to vote them all out. Guess we didnt save much money at all.

yeah, essentially a paid vacation. if we're going to pay them, they should have worked.

[bigrun]

Originally Posted by Danzig

yeah, essentially a paid vacation. if we're going to pay them, they should have worked.

Saw on ABC news tonite that some repuke congressman sent a check to the Treasury dept for 5K, returning his pay for the shutdown period...few others have pledged to do the same...friggin joke...they shouldn't have been paid to start with but they claim they were 'working'.