govt shutdown looms

[jms62]

Originally Posted by Danzig

have gotten caught up at work, and have started looking over what new news is out there regarding the gop in govt. playing with our economic present and future. obama has a meeting scheduled with some gop leaders at the white house; i wish him luck.

and this little tidbit, from a story about the meeting:

'The game of Washington chicken over increasing the debt limit — required so Treasury can borrow more money to pay the government's bills in full and on time — already has sent the stock market south, spiked the interest rate for one-month Treasury bills and prompted Fidelity Investments, the nation's largest manager of money market mutual funds, to sell federal debt that comes due around the time the nation could hit its borrowing limit.'

boehner is letting a small group of tea partiers simultaneously hamstring the gop, and the govt, and kick a growing economy in the teeth.



on a related note-why hasn't congress passed a budget in years? and did you guys know that there's no penalty for not having a budget? no one has standing to force the issue. this is why we keep having continuing resolutions-well, til now.

A temporary stay just means we have this overhanging for 6 more weeks.

[Danzig]

Originally Posted by jms62

A temporary stay just means we have this overhanging for 6 more weeks.

there's talk of just making a temporary change, something to hold over til the next election. but then, that's done all the time now, with nothing getting done (except the house voting 41 times to repeal a law that has no shot of being repealed, because the senate won't vote to repeal).

there needs to be a real budget. this continuing resolution crap is just that, crap.


and really....the debt ceiling is a ridiculous rule. congress votes to spend, and then congress has to vote to allow the treasury to spend the money it has already said to spend? how the hell does that make sense? if they didn't want to breach a certain level of debt, you do so by proper budgeting and spending. not by spending and then saying 'oh, hit the ceiling'...and causing a default. good lord, how stupid are the people who get voted in, and how stupid the voters?