Thread: GOV Shutdown or not?

Originally Posted by James48843

So.... no government shutdown.


So what do you think that will do to the stock market on Monday?

Will it go up?

I'm not so sure about the short-term effect on the markets. But I think the real lesson of the budget debacle is that it highlighted just how disfunctional and detached from fiscal reality our process has become. I think we are so awash in debt and irresponsible spending that it's impossible to ignore any longer. I think the bond hawks have been salivating at the prospect of yet another sovereign carcass to pick clean, and it may be ours next.

It is embarassing to me that we are this far into a fiscal year and still are fiddling around with how to cover the bills. What do we pay these people up there to do anyway? And are they doing it to your satisfaction?

The closed door deals and the showdowns and the hold employees and benefit recepients hostage to score a few points is a despicable and inefficient way to run a business. If we don't start running it like a business we may soon find ourselves out of business.

With the current resolution only a week long, it still remains to be seen if a total budget will be signed by Friday....Markets will not care until then

But, you could see optimistic buyers coming in

Originally Posted by Frixxxx

With the current resolution only a week long, it still remains to be seen if a total budget will be signed by Friday....Markets will not care until then

But, you could see optimistic buyers coming in

Frixxxx,

Congress passed this CR just to keep the gubmint running so they could get a rubber stamp vote and ink the long term agreement. There was no time to call Congress into session and vote. However, they whipped it and have enough votes - probably far more than they need. So this CR and the votes are procedural only. The firing gun has gone off and the game is over.

My guess is that the market will boom.

I will also guess that many in Congress will demand more cuts in trade for an increase in the credit card limit. I bet those will be deep. Maybe a hundred billion or so.

Folks, get ready. The Treasury will be appropriating funding from your 'G Fund' assets within a month. Will such action freeze your assets in the 'G Fund' - ie. will you be able to move money out of G and into F/C/S/I. Who knows. I do know one thing. I don't want an entity that has never paid its bills in my lifetime to borrow from me. I already have dependents.

Originally Posted by burrocrat

.... What do we pay these people up there to do anyway? .....

What do we pay them to do? Well, on BOTH sides of the aisle, what we are paying them to do is to run around making back-door deals with each other to to get the power so they can take the pork home to their constituents so they can buy the votes so they can run around making back-door deals with each other ..... Ad infinitum.

Originally Posted by Steel_Magnolia

What do we pay them to do? Well, on BOTH sides of the aisle, what we are paying them to do is to run around making back-door deals with each other to to get the power so they can take the pork home to their constituents so they can buy the votes so they can run around making back-door deals with each other ..... Ad infinitum.

Well then, they should be fired.

Originally Posted by burrocrat

Well then, they should be fired.

And next time I have my say in the matter, that is exactly what I plan...

I'm digging out this old thread because it's starting to look like we may go there again.

The Government runs out of money at MIDNIGHT TONIGHT.

And last night- West Virginia Senator Joe Manchin said dems would block passage unless health care benefits would be extended for Coal Miners who lost their jobs.

What do you think?

Are we about to do another government shutdown this weekend?

If Obama closes the outdoor, no fences, totally open World War II Memorial again just to make a show, it's too cold anyway.

runs out of money? Is this a debt ceiling fight, or a budget authorization fight?

Originally Posted by k0nkuzh0n

runs out of money? Is this a debt ceiling fight, or a budget authorization fight?

It is neither a debt ceiling, nor an authorization issue.

It's an appropriation bill.

So technically, the U.S. Government is about to cease (at midnight tonight) appropriations to spend any money.

I'm going to use one of my many cat lives to make a prediction. No we don't shut down.

You heard it here first.

You're welcome.