lol @ ameribrahs. how do you feel about your government collapsing in 8 hrs?

[Howiester]

[WhatsaGime]

strong math

You're unaware. Aware yourself.

[Huke]

At-least you explain it in further detail.

But your government has until 7th October to reach a deal, otherwise you're going to default on your debts...

The US has until Oct. 17 to raise its debt ceiling.

The Oct. 17 deadline is the only one of any real consequence. Last night's deadline has been passed before and it really isn't a big deal.

[magog704]

cia. business as usual.

[Bucher15]

IT contractor here...business as usual, just can't go to government site. I work remotely anyway.

[S13HATCHY]

[Kgetfit89]

Thanks obama

[jono28613]

thanks obama.

[magog704]

mirin moderator thread combo. thas some masters lvl moding

[J411]

Guys I'm freaking out. I just stopped by my local national park. And I didn't see any Forest Rangers. I'm afraid the bears might escape.







The BEARS! We are doomed!!!1

[GDPONE]

Cliffs from a Government worker brah:

-Will not effect 99% of US population.
-Government workers (non congress) will be furloughed with a skeleton crew of essential (excepted) people in all parts of government, for the most part.
-Military is STILL going to get paid like normal.
-If this lasts till the 14th or 17th (heard both dates not sure), then we default on debt, this is when it will matter to the 99%.

[XPmpnII]

Just got back from a week long vacation in the Cayman Islands. Guess what? They used to love getting US money, but now their currency is worth more than ours

Fuk Obama for the chitty condition our country is currently in and fuk him for being such a crybaby bitch that he'll stop at nothing to make sure Obamacare goes thru 100% exactly the way he wants it

Even all the lib fuktards in office know that Obamacare is a piece of chit because they wanna be exempt from it. But hey, fuk the rest of America. They're getting Obamacare whether they like it or not

[DafarheezyRises]

Cliffs from a Government worker brah:

-Will not effect 99% of US population.
-Government workers (non congress) will be furloughed with a skeleton crew of essential (excepted) people in all parts of government, for the most part.
-Military is STILL going to get paid like normal.
-If this lasts till the 14th, then we default on debt, this is when it will matter to the 99%.

Who is all involved in this shutdown? What gov employees are not working?

How long is it supposed to last? Until the national debt goes down a certain mark?


confused american/10 ...pls respawn

[Davidson4]

Personally I'm just curious to see who caves first, the Repubs or the Dems.


And everyone calling this doomsday should re-adjust their tinfoil hats. This entire thing is just political posturing. Its disgusting yes, but these are by no means the end times.

[Davidson4]

its quite simple really. when we default on our loans we will go into country bankruptcy. oviesly this has huge implications on our national credit, and it may be difficult for us to find an apartment to live in. some employers will even request a credit report. as far as how debts are discharged some of it depends on if we file chp 7 or 13.

I would be absolutely stunned if the US defaults on any of its outstanding loans. Treasury bills have been the worlds safest investment tool for decades. When their backs are up against the wall, they simply raise the ceiling.

Yes its unsustainable but it will get them thru the foreseeable future.

Plus they have 17 days to figure it out. Fuking potatoes all over this thread. Can't tell if Staberella is trolling to incite fear in other miscers or just genuinely stupid regarding govt finance.

[XPmpnII]

If the US defaults on its debt, what happens then? Srs, how would that affect your average American?

[rootcon]

As you guys get older, you'll see. Older generations screwed my generation, so its time for my generation to screw you younger folks over. Now I don't care so much about the wreckless spending, like my boss said, as long as the house of cards holds together just a little while longer until I cash out. Nobody cared when i was a kid telling everyone how much we were in debt. All I care about now is you younger folks have to keep the system going so I can retire and have a nice check coming in (paid for by you). Its like teh drinking age, once your 21 and legal you could give half a **** (when I was 19 I was asking why I could die for my country but not get served a beer). Then in a few years you'll be shaking the shriveled old fist saying, "freakin no good underage 20 year old alcoholics..."

semi srs

[magog704]

I would be absolutely stunned if the US defaults on any of its outstanding loans. Treasury bills have been the worlds safest investment tool for decades. When their backs are up against the wall, they simply raise the ceiling.

Yes its unsustainable but it will get them thru the foreseeable future.

Plus they have 17 days to figure it out. Fuking potatoes all over this thread.

you read that whole post and decided it wasnt sarcastic.

[broservative]

only on the misc would there be *******s happy about this..

"yes no more government"
"i can grow my potatoes tax free!"

fuking potato voters

[scullin]

Who is all involved in this shutdown? What gov employees are not working?

How long is it supposed to last? Until the national debt goes down a certain mark?


confused american/10 ...pls respawn

He just told you all you really need to know. Nothing to do with debt, it's waiting to come to agreement on future spending. This is normal process, only reason for shutdown is they are fighting over obamacare being included in the budget.

[ContrarianIndi]

This is nothing.

The real pain will come when the Fed starts tapering QE... Or if they just say screw it and continue to print indefinitely.

Weaning the US economy off of QE will be like trying to pull a table out from under a bunch of dishes and keeping the dishes suspended in mid air.


It's going to get really funny when interest rates go up... Or if they stay at 0% forever. The former means stringent budget cuts the latter means massive inflation.


Funny thing is, I guarantee you that all the welfare recipients will blame the food companies and grocery stores for "jacking up prices" when the dollar goes to chit. They aren't smart enough to understand the concept of price inflation. They will eagerly support the socialist that promises to stop the evil food companies from raising prices and restore their ability to leech off other people.

[The Abomination]

OP is dumfuk of the highest order

[KaeptniIltis]

Funny how so many blame Obama, as quite obviously both sides fúcked this up over a long period of time. It's the system and not a single president/party.



in b4 miscers who don't understand exponential curves

[Davidson4]

If the US defaults on its debt, what happens then? Srs, how would that affect your average American?

It has never happened in American history (srs). So the implications are unknown. Most likely Obama will bypass the law and demand the Fed Reserve continue buying $85bn per month like usual.


If we default, THEN these doomsday predictors will actually have a legitimate argument. The current debacle is Obamacare posturing, nothing more.

[tranncebrah]

Thanks amabo

[xfirewolfx]

have already fought off 4 zombies

[ContrarianIndi]

If the US defaults on its debt, what happens then? Srs, how would that affect your average American?

We wouldn't default on the debt in an honest manner. We will most likely default on the debt by printing a chit load of money to pay for the debt.

They will do crazy things when it gets to that point. IIRC during the last debt ceiling debate some people in the treasury were kicking around the idea of creating a coin, arbitrarily saying it is worth $1 trillion dollars and using that to pay the debt.


If we print away the debt the average American will feel it when everything gets expensive because the dollar loses value.


The only reason inflation isn't out of control yet is because many foreign nations sell and buy oil exclusively in dollars. This creates an artificial demand for the dollar and enables us to export a lot of our inflation. Many nations are starting to consider dropping the dollar. Funny thing is, the last two leaders that tried to do it were toppled. Gaddafi of Libya wanted to start trading oil in a gold backed currency. Dead. Saddam Hussein started selling oil in Euros instead of dollars. Dead.

[Davidson4]

This is nothing.

The real pain will come when the Fed starts tapering QE... Or if they just say screw it and continue to print indefinitely.

Weaning the US economy off of QE will be like trying to pull a table out from under a bunch of dishes and keeping the dishes suspended in mid air.


It's going to get really funny when interest rates go up... Or if they stay at 0% forever. The former means stringent budget cuts the latter means massive inflation.

Good to see somebody else in here understands basic economics lol.

Personally I think the Fed will stand firm at $85bn if this Congress fiasco gains too much media attention.. The combo of everyone simultaneously seeing a bunch of retards in Congress along with announcement of an impending taper will shake the foundation of the global economy, I'd bet on that.

[rootcon]

Funny how so many blame Obama, as quite obviously both sides fúcked this up over a long period of time. It's the system and not a single president/party.



in b4 miscers who don't understand exponential curves

Republicans have been said to be the party of smaller govt, but I question that frequently. Lately, its been some republicans are for slightly smaller govt spending, especially Bush appointing Paulson and TARP at the end of his term. Right now the only ones worth a darn IMO are Rand Paul, Mike Lee, Ted Cruz and a few others.

Did anyone watch CSPAN during the Cruz 21 hr filibuster? Some of the best speeches I've heard were during that time. That's what the republican party should be, not this recent republican party of tax and spend as bad as democrat RINO frauds

[XPmpnII]

We wouldn't default on the debt in an honest manner. We will most likely default on the debt by printing a chit load of money to pay for the debt.

They will do crazy things when it gets to that point. IIRC during the last debt ceiling debate some people in the treasury were kicking around the idea of creating a coin, arbitrarily saying it is worth $1 trillion dollars and using that to pay the debt.


If we print away the debt the average American will feel it when everything gets expensive because the dollar loses value.


The only reason inflation isn't out of control yet is because many foreign nations sell and buy oil exclusively in dollars. This creates an artificial demand for the dollar and enables us to export a lot of our inflation. Many nations are starting to consider dropping the dollar. Funny thing is, the last two leaders that tried to do it were toppled. Gaddafi of Libya wanted to start trading oil in a gold backed currency. Dead. Saddam Hussein started selling oil in Euros instead of dollars. Dead.

Creating a coin worth $1 trillion and printing more fuking money?

Are these ppl fukin srs?

brb we might as well have McDonald's employees in office