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(ABC)   The scariest quotes about the debt crisis. EVERYBODY PANIC   (abcnews.go.com) divider line 97
    More: Scary, debt crisis  
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10684 clicks; posted to Main » on 15 Oct 2013 at 8:50 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-15 10:04:02 AM  
These same assholes said that sh*t about the liquidity crisis in 2008.

Let the economy tumble and when we come for them for getting these guys elected in the first place we'll burn their little palaces of fiat money down to the f*cking ground.
 
2013-10-15 10:04:14 AM  

Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede Sherman burn the rest of South.

 
2013-10-15 10:09:00 AM  

August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?


Its a little unfair to claim the tea party is a "mostly southern" movement.  The Chair of the caucus is from Minnesota, they have nearly 20 reps in non-southern states and Texas alone has 10 (I don't consider Texas "the south" but that is another argument for another day...).

Not defending my backwards neighbors but tea party exists and has its base in rural areas and in areas that do not like the current party in power.  These areas are not limited to the Southern US and its disingenuous to blame an entire region for it.  Our idiots are just louder and fit better into the narrative of "poor, uneducated southerner."
 
2013-10-15 10:13:25 AM  

The Southern Logic Company: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

Its a little unfair to claim the tea party is a "mostly southern" movement.  The Chair of the caucus is from Minnesota, they have nearly 20 reps in non-southern states and Texas alone has 10 (I don't consider Texas "the south" but that is another argument for another day...).

Not defending my backwards neighbors but tea party exists and has its base in rural areas and in areas that do not like the current party in power.  These areas are not limited to the Southern US and its disingenuous to blame an entire region for it.  Our idiots are just louder and fit better into the narrative of "poor, uneducated southerner."



There are Teabaggers in the Dakotas, Nebraska, Colorado, Nevada, Oklahoma, Arizona, etc, etc. It's not a "Southern thing" although the % of derp coming from the South tends to outderp everyone else.
 
2013-10-15 10:14:20 AM  

UrinalPooper: I remember when the sequester was the end of the world...


The sequester was indeed a big problem. It slowed our already anemic economic recovery, halted some scientific research that will have reprecussions in the future, harmed the operations of numerous government agencies and had negative consequences for many people in private industries that work with the government.

But I guess since none of that affected you personally it doesn't count because it didn't harm "real" Americans, huh?
 
2013-10-15 10:14:43 AM  

FarkQued: Think the teatards are up in arms now, just wait when the value of their life savings evaporates and their disability / social security checks bounce.


fark that. Wait until the ebt runs out. The slave revolt will be brutal once massa stops providing.
 
2013-10-15 10:14:55 AM  

Literally Addicted: duenor: Do any of you realize how much we owe as a nation?

China does.  In fact, they're all pretty much lined up for the fire sale that the US will become.  You might as well pick up Cantonese lessons now.


This is a talking point that lets you know that the person speaking doesn't know how much of US debt China actually owns.
 
2013-10-15 10:28:41 AM  

Cold Snap: It's like setting fire to your house to collect the insurance money


No, that could actually work.
 
2013-10-15 10:30:16 AM  

Weaver95: What really scares me is that they DID think this plan through and a default is all part of the plan....


The only thing the teas thought about was how to get better representation for their views.
A default won't gain them anything and they know it, which is why extensions are on the table.

What caused the shutdown is big egos on both sides.
After a nice long vacation, the left figured that they could shove through a one sided deal just because there was an approaching deadline. The right felt that it must be negotiated with regardless.In the end both expect ACA funding to pass a separate vote but it will probably be delayed by its own technical snafu's.

...Which makes this a pointless shoving match between children.
The outcome doesn't matter and either side could end it, but neither one wants to.

/Oh sure, lets toss some panic and vitriol in there. That's going to speed things along.
 
2013-10-15 10:35:32 AM  

budrojr: Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede

I'd still go for it so long as I didn't have to spend one second more listening to the idiots who continue to worship the current idiot in chief and his retarded policies.


Yes. The idiots worshipping the former president were much more intelligent and succinct
 
2013-10-15 10:38:22 AM  
If the US defaults and Wall Street collapses, tall buildings like the Empire State Building should start allowing people rooftop access for a fee so that they can commit suicide from.  They can, also, charge fees to allow people to park their lemon cars in front of the building so that they can collect the insurance money after a half dozen people fall on it.

I'm just saying.
 
2013-10-15 10:42:02 AM  

boinkingbill: If the US defaults and Wall Street collapses, tall buildings like the Empire State Building should start allowing people rooftop access for a fee so that they can commit suicide from.  They can, also, charge fees to allow people to park their lemon cars in front of the building so that they can collect the insurance money after a half dozen people fall on it.

I'm just saying.


I don't think my insurance covers that, but I'll ask my Farmers agent.
 
2013-10-15 10:43:51 AM  

gja: And everyone knows all these bankers and financial pundits have no vested stake in keeping the status quo?
Right?

Guys?

Anyone there?
(tap tap tap) Is this thing on?

(sound of crickets and frogs)


They're counting on collapse. They've shorted all their positions.

This is why derivitives must be curtailed. They encourage causing instability to reap profits.
 
2013-10-15 10:45:21 AM  
How about some quotes on the debt ceiling?
img.fark.net
 
Ant
2013-10-15 10:50:24 AM  

chubby muppet: I'm secretly hoping going into default means we all start over at zero.

[t3.gstatic.com image 259x194]


Of course it doesn't
 
2013-10-15 10:50:40 AM  
Let's be clear, the US isn't going to default on its debt even if we don't raise the debt ceiling or pass a budget.  We take in WAY more money than the payments on our debt.  All that happens is that we rearrange some spending priorities.  It'll be slightly worse than the regular shutdown, most people won't notice the difference.
 
2013-10-15 10:54:10 AM  

the_geek: Let's be clear, the US isn't going to default on its debt even if we don't raise the debt ceiling or pass a budget.  We take in WAY more money than the payments on our debt.   All that happens is that we rearrange some spending priorities.  It'll be slightly worse than the regular shutdown, most people won't notice the difference.


There is no mechanism for this and it won't be invented before Thursday when the US defaults. Government debt instruments will be devalued and that will break the credit market.
 
Ant
2013-10-15 10:54:30 AM  
Well now it's almost guaranteed to happen. Just think what a great bargaining chip this is for the tea-baggers: "Nice recovering economy you've got here. It'd be a shame if something happened to it"
 
2013-10-15 11:00:13 AM  

Ant: Well now it's almost guaranteed to happen. Just think what a great bargaining chip this is for the tea-baggers: "Nice recovering economy you've got here. It'd be a shame if something happened to it"


What's important is they can then point at how lousy the economy is and then blame Obama.
 
2013-10-15 11:00:45 AM  
Nothing but theater. If these banksters were actually in any danger of losing real money, they would be picking off these Teatards like rats at the dump.
 
2013-10-15 11:01:02 AM  

The Beatings Will Continue Until Morale Improves: There is no mechanism for this and it won't be invented before Thursday when the US defaults. Government debt instruments will be devalued and that will break the credit market.


To be perfectly honest I'm not familiar with whether or not the debt payments take precedence over "mandatory" spending in the budget or not.  That being said, you're silly to think that couldn't and wouldn't be handled by Thursday if need be.

More likely though is they'll continue to pass CRs until a larger deal is made.

Incredibly unlikely is a default.. like unfathomably unlikely.
 
2013-10-15 11:02:53 AM  

dbrunker: How about some quotes on the debt ceiling?
[img.fark.net image 404x404]


Those quotes came during an economic time when republicans added 5 trillion dollars in debt during the housing boom, this was only a few years after people were seriously talking about the budget being balanced and America running a surplus. Under those circumstances that kind of grandstanding seems appropriate.
 
2013-10-15 11:07:10 AM  

AFKobel: Literally Addicted: duenor: Do any of you realize how much we owe as a nation?

China does.  In fact, they're all pretty much lined up for the fire sale that the US will become.  You might as well pick up Cantonese lessons now.

This is a talking point that lets you know that the person speaking doesn't know how much of US debt China actually owns.


It's a point that refers to the Chinese being long-term investors.
 
2013-10-15 11:13:15 AM  
 
2013-10-15 11:13:59 AM  
Eek
I panicked
Time for lunch yet?
 
2013-10-15 11:17:23 AM  
Why, it will be nearly as calamitous as the Y2K bug and the sequestration budget cuts! Oh nos! Oh nos!
 
2013-10-15 11:25:27 AM  

dchurch0: And now this: This has to be satire, right?


Gawd, I hope so.

I love this quote in particular: "All this clown needs to do is repeal the most important law he ever passed,"

Wow.  Just, wow.
 
2013-10-15 11:27:36 AM  

dbrunker: How about some quotes on the debt ceiling?
[img.fark.net image 404x404]


Yes, how about some quotes on the debt ceiling?

We'll wait.
 
2013-10-15 11:37:21 AM  

the_geek: Let's be clear, the US isn't going to default on its debt even if we don't raise the debt ceiling or pass a budget.  We take in WAY more money than the payments on our debt.  All that happens is that we rearrange some spending priorities.  It'll be slightly worse than the regular shutdown, most people won't notice the difference.


Bingo
 
2013-10-15 11:41:24 AM  

TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.


I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.
 
2013-10-15 11:55:03 AM  

DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.


2/10
 
2013-10-15 11:58:25 AM  
Sounds like it will be awfully bad for bankers. Can't let that happen.
 
2013-10-15 12:00:40 PM  

Vectron: Sounds like it will be awfully bad for bankers. Can't let that happen.


You know, they can be right for the wrong reasons.
 
2013-10-15 12:07:11 PM  

TV's Vinnie: DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.

2/10


Oh...you were serious? Go ahead and point out what criminal law Ted Cruz has broken.
 
2013-10-15 12:16:06 PM  

dbrunker: How about some quotes on the debt ceiling?
[img.fark.net image 404x404]


They were not talking about the debt ceiling. Nice strawman you have there.
 
2013-10-15 12:32:38 PM  

DmGdDawg: TV's Vinnie: DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.

2/10

Oh...you were serious? Go ahead and point out what criminal law Ted Cruz has broken.


1/10
 
2013-10-15 12:33:08 PM  

Mega Steve: budrojr: Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede

I'd still go for it so long as I didn't have to spend one second more listening to the idiots who continue to worship the current idiot in chief and his retarded policies.

Yes. The idiots worshipping the former president were much more intelligent and succinct


Just like an Obamatard to shift blame onto a topic or person who wasn't even under discussion.
 
2013-10-15 12:36:24 PM  

DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.


Destroying the country's credit rating is what we're slightly more concerned about here.

I know you're a kool-aid drinker, but do try to keep up.
 
2013-10-15 12:59:19 PM  

TV's Vinnie: DmGdDawg: TV's Vinnie: DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.

2/10

Oh...you were serious? Go ahead and point out what criminal law Ted Cruz has broken.

1/10


LOL, I'll take that as an admission you were just talking out of your ass.
 
gja
2013-10-15 01:05:08 PM  

lohphat: gja: And everyone knows all these bankers and financial pundits have no vested stake in keeping the status quo?
Right?

Guys?

Anyone there?
(tap tap tap) Is this thing on?

(sound of crickets and frogs)

They're counting on collapse. They've shorted all their positions.

This is why derivitives must be curtailed. They encourage causing instability to reap profits.


If not outright shorting, I wager the 'puts' are being used for hedge like mad.
 
2013-10-15 01:11:49 PM  

DmGdDawg: TV's Vinnie: DmGdDawg: TV's Vinnie: DmGdDawg: TV's Vinnie: Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.

I hear more and more liberals parroting the same nonsense about Tea Party Republicans being guilty of treason, subverting the government or whatever. I realize it's hyperbole and all but it amazes me to hear people suggesting that elected political opponents should be arrested or are "terrorists" for opposing the President's agenda.

2/10

Oh...you were serious? Go ahead and point out what criminal law Ted Cruz has broken.

1/10

LOL, I'll take that as an admission you were just talking out of your ass.


-75/10
 
2013-10-15 01:22:38 PM  

the_geek: The Beatings Will Continue Until Morale Improves: There is no mechanism for this and it won't be invented before Thursday when the US defaults. Government debt instruments will be devalued and that will break the credit market.

To be perfectly honest I'm not familiar with whether or not the debt payments take precedence over "mandatory" spending in the budget or not.  That being said, you're silly to think that couldn't and wouldn't be handled by Thursday if need be.

More likely though is they'll continue to pass CRs until a larger deal is made.

Incredibly unlikely is a default.. like unfathomably unlikely.


The Treasury Department has no method for prioritizing payments. They do first in first out. When this issue came up in 2011 the Treasury Department  issued a statement saying that prioritization of payments isn't possible and, even if it was, would not prevent a default. They can't choose to just pay debt payments first.  I know this  is a comforting fantasy for the people who created this mess but it has no basis in reality. Try not to be suckered into a lie just because you want to believe it.
 
2013-10-15 02:35:22 PM  
Can someone help me with this?   The whole debt ceiling/government shutdown is because certain members of Congress don't want the Affordable Care Act (AKA ObamaCare)?  Did I get that right?  And yet the state and federal exchanges are up and going (I say that loosely).  I think that means they (whoever is trying to appeal the Affordable Care Act) lost, so...STFU and/or GTFO.

How is it that we are the "greatest nation" on Earth?  We're not. http://www.youtube.com/watch?v=9zZxBNRTkd4

/Also, why can't we enact a law that allows elected members of Congress to be paid based on their approval rating?
 
2013-10-15 03:46:31 PM  

Diogenes: Quotes from the people who get it aren't scary.  Quotes like these from our legislators are scary:In an interview with the Washington Post, Rep. Ted Yoho (R-FL) said on not raising the debt ceiling, "I think, personally, it would bring stability to the world markets."This is because, in his view, "we need to have that moment where we realize [we're] going broke." He firmly told the paper, "I'm not going to raise the debt ceiling." He also characterized the current government shutdown as "the tremor before the tsunami."


If you stop the counterfeiters from looting the wealth out of our everything, stock , commodities, and other prices should quit rising. In other words the dollar would once again hold its value or even rise in value. That in turn would make earning a living more profitable and people would return to work.

I'm thinking we are right on the edge of profitability globally.
 
2013-10-15 03:52:08 PM  

sid244: Can someone help me with this?   The whole debt ceiling/government shutdown is because certain members of Congress don't want the Affordable Care Act (AKA ObamaCare)?  Did I get that right?  And yet the state and federal exchanges are up and going (I say that loosely).  I think that means they (whoever is trying to appeal the Affordable Care Act) lost, so...STFU and/or GTFO.



It could be both parties are playing us for whatever...

Remember the professional signs out in front of the parks and monuments that went up the next day after the shutdown?

Some say it would take to government planning ahead at least six months to have got them ordered in time.
 
2013-10-15 09:06:01 PM  

Molavian: "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."


+42
 
2013-10-16 12:54:01 PM  

StokeyBob: sid244: Can someone help me with this?   The whole debt ceiling/government shutdown is because certain members of Congress don't want the Affordable Care Act (AKA ObamaCare)?  Did I get that right?  And yet the state and federal exchanges are up and going (I say that loosely).  I think that means they (whoever is trying to appeal the Affordable Care Act) lost, so...STFU and/or GTFO.


It could be both parties are playing us for whatever...

Remember the professional signs out in front of the parks and monuments that went up the next day after the shutdown?

Some say it would take to government planning ahead at least six months to have got them ordered in time.


In that case, they enacted their 'Always have a CYA plan'
 
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