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#1
10-09-2013, 09:58 AM
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#3
10-09-2013, 09:59 AM
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http://news.msn.com/us/va-chief-shut...llions-of-vets
About 3.8 million veterans will not receive disability compensation next month if the partial government shutdown continues into late October, Veterans Affairs Secretary Eric Shinseki says. Some 315,000 veterans and 202,000 surviving spouses and dependents will see pension payments stopped. Shinseki is spelling out some of the dire consequences of a longer-term shutdown in testimony Wednesday for the House Committee on Veterans Affairs. The short-term consequences have meant that disability claims production has slowed by an average of about 1,400 per day since the shutdown began Oct. 1, and that has stalled the department's efforts to reduce the backlog of disability claims pending for longer than 125 days. In all, more than $6 billion in payments would be halted with an extended shutdown.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#4
10-09-2013, 10:08 AM
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http://www.nationaljournal.com/econo...ryTiles_medium
The Fed's ongoing quest to drive down interest rates targets both goals. By keeping rates low, Bernanke makes it cheaper for borrowers to take out loans. And to convince lenders to take a risk on those loans, the Fed has bought up massive quantities of Treasury bonds—considered the ultimate safe investment among investors—in an effort to drive down the rate at which those bonds pay off to private investors. The hope is that investors, unsatisfied at the low rate of return they get back from the federal government, will instead put their money into the private sector. That's where Congress is so damaging to Bernanke's efforts. By precipitating one crisis after another, lawmakers are sending investors running back to the type of investments that keep their money safe but do precious little in the way of economic stimulus. If Congress wanted to spook lenders, it could hardly pick a better method than flirting with default. "It would be the opposite of what the Fed's wanted to do," says Stuart Hoffman, chief economist at PNC Financial Services. "It basically says something has happened outside the Fed's control that could shock the economy into recession." For Bernanke, the current debt-ceiling standoff may be all the more infuriating because he's seen it, and its destructive effects, play out before. When the country last brushed up against the debt ceiling in the summer of 2011, investors flocked to Treasury bonds, looking for a safe place to park their assets while they waited to see if Congress was going to unleash economic chaos
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#5
10-09-2013, 10:49 AM
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Meanwhile, even though the government is shut down. They're hiring at over $100K/year plus benefits.
http://www.washingtontimes.com/news/...ted-in-spite-/ Approve and borrow 90 days of expense money, come up with a balanced budget and then we'll worry about hiring media relation guys. Until then lets hold off on any more mechanical bulls, Detroit bailouts, and aid to countries whose majority hates us.
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#6
10-09-2013, 12:49 PM
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#7
10-09-2013, 01:42 PM
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#8
10-09-2013, 02:18 PM
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that law, flawed as it is, passed all three branches of government. the behavior being exhibited by a portion of congress to stop a law that congress passed (and the executive and judicial also signed off on) is reprehensible. but, repubs are going all out now on this, because their largest fear isn't obamacare. it's that once people get obamacare, they will like it and want to keep it. THAT is what repubs don't want to have happen. and the funny thing is, when you ask people if they like the different rules and regs in obamacare, they like it. but when you ask them 'do you like obamacare', they say no. quite a job done on branding by the republicans on this. ask many of these same folks, who don't like obamacare, if they support the affordable care act, yes-yes, they do. of course, they are also pulling this stunt in the lead up to the debt ceiling. that's the other part of their grand plan.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#9
10-09-2013, 02:37 PM
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Quote:
 http://www.baltimoresun.com/news/opi...,6137479.story
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