And it's official: Steve Jobs now has more cash ($76.2 billion) than the US government ($73.8 billion).
Oh the chillun, think of the poor chillun..
AII
Re: US gubmint shutdown + default + subprime sequel?
And it's official: Steve Jobs now has more cash ($76.2 billion) than the US government ($73.8 billion).
Oh the chillun, think of the poor chillun..
AII
Last edited by Adrian II; 07-30-2011 at 23:36.
The bloody trouble is we are only alive when we’re half dead trying to get a paragraph right. - Paul Scott
Re: US gubmint shutdown + default + subprime sequel?
I think this song is appropriate for the situation
https://www.youtube.com/watch?v=rBQYWCw8n_k
Baby Quit Your Cryin' Put Your Clown Britches On!!!
Re: US gubmint shutdown + default + subprime sequel?
This song is actually good and speaks more clearly to the core of the issue.
"That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there."
-Eric "George Orwell" Blair
"If the policy of the government, upon vital questions affecting the whole people, is to be irrevocably fixed by decisions of the Supreme Court...the people will have ceased to be their own rulers, having to that extent practically resigned the government into the hands of that eminent tribunal."
(Lincoln's First Inaugural Address, 1861).
ΜΟΛΩΝ ΛΑΒΕ
Re: US gubmint shutdown + default + subprime sequel?
I was thinking more along these lines.
The bloody trouble is we are only alive when we’re half dead trying to get a paragraph right. - Paul Scott
Re: US gubmint shutdown + default + subprime sequel?
I hate to rain on this parade of peace and good will but I heard they had reached a settlement by compromise.
Dose anyone have the details? Or were you just hoping for a meltdown?
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
Re: US gubmint shutdown + default + subprime sequel?
damnit. we were so close this time
"That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there."
-Eric "George Orwell" Blair
"If the policy of the government, upon vital questions affecting the whole people, is to be irrevocably fixed by decisions of the Supreme Court...the people will have ceased to be their own rulers, having to that extent practically resigned the government into the hands of that eminent tribunal."
(Lincoln's First Inaugural Address, 1861).
ΜΟΛΩΝ ΛΑΒΕ
Re: US gubmint shutdown + default + subprime sequel?
Originally Posted by Fisherking
I think maybe TSMG was hoping for something like the Road Warrior but with more family values.
Here's a sketch of the deal:
The agreement looks like this: if the super-committee tasked with entitlement and tax reform fails to come up with $1.5 trillion in deficit reduction that passes Congress, the “neutron bomb” goes off, -- as one Democrat put it -- spending cuts that will hit the Pentagon budget most deeply, as well as Medicare providers (not beneficiaries) and other programs.
If the super-committee comes up with some deficit reduction but not $1.5 trillion, the triggers would make up the difference.
So it’s a minimum $2.7 trillion deficit reduction deal.
And the debt ceiling will be raised by $2.4 trillion in two tranches: $900 billion immediately, and the debt ceiling will be raised by an additional $1.5 trillion next year – either through passage of a Balanced Budget Amendment, which is unlikely, or with Congress voting its disapproval.
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