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(New York Magazine)   What the first day of the default might look like   (nymag.com) divider line 247
    More: Scary, Sen. Ted Cruz, Treasury Secretary Jack Lew, Bipartisan Policy Center, stock traders, equity trading, United States Department of the Treasury, Felix Salmon, software patch  
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21829 clicks; posted to Main » on 15 Oct 2013 at 5:35 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



247 Comments   (+0 »)
   
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2013-10-15 04:39:16 PM  
But what's the last day look like? Why can't you use your time machine to tell us how it ends? What a waste of a perfectly good time machine.
 
2013-10-15 04:47:18 PM  

Bareefer Obonghit: But what's the last day look like? Why can't you use your time machine to tell us how it ends? What a waste of a perfectly good time machine.


You didn't read the article.
 
2013-10-15 04:50:26 PM  

mediablitz: Bareefer Obonghit: But what's the last day look like? Why can't you use your time machine to tell us how it ends? What a waste of a perfectly good time machine.

You didn't read the article.


This is true. I wish there were someway I could go back and not write that...
 
2013-10-15 04:52:44 PM  
img822.imageshack.us
 
2013-10-15 04:59:08 PM  
Proof that every single one of you should have bought gold and were wrong for mocking Glenn Beck all those years.
 
2013-10-15 05:01:37 PM  

Bareefer Obonghit: mediablitz: Bareefer Obonghit: But what's the last day look like? Why can't you use your time machine to tell us how it ends? What a waste of a perfectly good time machine.

You didn't read the article.

This is true. I wish there were someway I could go back and not write that...


maybe Obama can lend you his time machine.
 
2013-10-15 05:03:56 PM  
Why not ask the people who are collecting the interest on our debt for extra time? Or nationalize the FED and free up a couple trillion in debt we owe them.
 
2013-10-15 05:10:16 PM  
And by the way, the Fed's charter is about up. Time to start issueing debt free currency.

They have failed in their mission.

Or simply make them a non-profit.
 
2013-10-15 05:13:06 PM  
If we do default I know I'll regret not having the magical power to turn smartphones into swords and shields in Washington DC and on Wall Street.
 
2013-10-15 05:17:57 PM  
3:00 p.m. - Politico reports that Secretary Jack Lew has entered a closed-door meeting of House Republicans, and is imploring them to pass a bill extending the debt limit. "Stop the carnage," Lew is heard to say, by a reporter in the hallway outside.

Huh, the Repubs did this last week and Obama turned it down. Why does Obama want to kill the economy?

also, Jack Lew's a dick, but then that describes most of Obama's cabinet
 
2013-10-15 05:22:31 PM  

ourbigdumbmouth: And by the way, the Fed's charter is about up.


Yeah.... except no.

The Federal Reserve Act originally had a 20 year charter, but was later amended to state that the Act will be in effect until explicity dissolved -- i.e., no expiration date.
 
2013-10-15 05:25:57 PM  

Elegy: Proof that every single one of you should have bought gold and were wrong for mocking Glenn Beck all those years.


HA! While all you idiots have been busy buying gold, I've been quietly cornering the market on wheelbarrows, which you're gonna need to haul that 150lbs of gold down to the store to buy a pack of smokes.
 
2013-10-15 05:28:08 PM  

IamKaiserSoze!!!: Why does Obama want to kill the economy?


The Republicans have repeatedly taken credit for shutting down the government and for forcing a debt limit crisis. And according to polls, 74% of Americans are pretty pissed about it.
 
2013-10-15 05:30:56 PM  

shower_in_my_socks: IamKaiserSoze!!!: Why does Obama want to kill the economy?

The Republicans have repeatedly taken credit for shutting down the government and for forcing a debt limit crisis. And according to polls, 74% of Americans are pretty pissed about it.


Um, they offered an extension on the debt ceiling and Obama turned them down. That's pretty indisputable and easy to understand.

And I haven't read about anyone from either party taking credit for this mess
 
2013-10-15 05:34:01 PM  

IamKaiserSoze!!!: shower_in_my_socks: IamKaiserSoze!!!: Why does Obama want to kill the economy?

The Republicans have repeatedly taken credit for shutting down the government and for forcing a debt limit crisis. And according to polls, 74% of Americans are pretty pissed about it.

Um, they offered an extension on the debt ceiling and Obama turned them down. That's pretty indisputable and easy to understand.And I haven't read about anyone from either party taking credit for this mess


Yet you clearly don't understand. Pretty damn funny!
 
2013-10-15 05:36:17 PM  

IamKaiserSoze!!!: And I haven't read about anyone from either party taking credit for this mess


And you admit to being willfully ignorant! You are a hilarious gift that keeps on giving!

Maybe you'll understand funny pictures?

i.imgur.com
 
2013-10-15 05:39:23 PM  
The senator insists that the risks of default are wildly overstated, as do some members of Boehner's caucus

"Give us what we want or we shoot the hostage! Though he'll probably be just fine if we do"
 
2013-10-15 05:39:56 PM  

EVERYONE PANIC

 
2013-10-15 05:41:14 PM  
This is what happens when you have people fit to barely run a 5 cent lemonade stand in charge of a country's economy.
 
2013-10-15 05:41:42 PM  
I'm beginning to think there will be no forced mating at all..
 
2013-10-15 05:43:31 PM  
The debt ceiling law will become unconstitutional the moment it prevents payments of debts.
 
2013-10-15 05:43:55 PM  
10:01pm I will be drunk and asleep hoarding my valuable farks to give for things that matter... like pizza toppings.
 
2013-10-15 05:44:32 PM  

fusillade762: The senator insists that the risks of default are wildly overstated, as do some members of Boehner's caucus

"Give us what we want or we shoot the hostage! Though he'll probably be just fine if we do"


That's because he'll have access to affordable healthcare if they're forced to shoot
 
2013-10-15 05:44:35 PM  
img.fark.net
 
2013-10-15 05:45:12 PM  
Here's hoping.   Sometimes you have to rip the bandaid off all at once, and in this case, flush it down the toilet and start over.
 
2013-10-15 05:45:14 PM  
By Day 30;

0.tqn.com
 
2013-10-15 05:45:45 PM  
"Until recently, asking what would happen if the U.S. defaulted on its debt was like asking what unicorns like to eat for breakfast"

Silly reporter, that's easy -- Oats with honey, a side of toast, and some juice.  Coffee if a certain purple unicorn is at the table.
 
2013-10-15 05:46:20 PM  
actually this:

img541.imageshack.us

Is what my Thursday will look like. Goin Fishin
 
2013-10-15 05:46:22 PM  

Elegy: Proof that every single one of you should have bought gold and were wrong for mocking Glenn Beck all those years.


All those years since 1990.
 
2013-10-15 05:46:26 PM  
IamKaiserSoze!!!: shower_in_my_socks: IamKaiserSoze!!!: Why does Obama want to kill the economy?

The Republicans have repeatedly taken credit for shutting down the government and for forcing a debt limit crisis. And according to polls, 74% of Americans are pretty pissed about it.

Um, they offered an extension on the debt ceiling while making unreasonable, unrelated demands to delay/defund Obamacare, while offering no concessions in return,and Obama turned them down. That's pretty indisputable and easy to understand.


And no, 'Allowing the government, the national economy and the GLOBAL economy to continue functioning' is not a concession. That's a hostage.
 
2013-10-15 05:46:35 PM  
Well, thanks, subby.  I won't be sleeping well tonight.
 
2013-10-15 05:47:07 PM  

Mega Steve: [img.fark.net image 850x680]


now I'm sad.  I miss that game. :(

/THANKS OBAMA!
 
2013-10-15 05:47:23 PM  

The Stealth Hippopotamus: actually this:

[img541.imageshack.us image 640x480]

Is what my Thursday will look like. Goin Fishin


Fishing sideways? Is your boat sinking?
 
2013-10-15 05:47:23 PM  

The Stealth Hippopotamus: actually this:

[img541.imageshack.us image 640x480]

Is what my Thursday will look like. Goin Fishin


That's weird, it was upright in the previews.

I blame the Republicans
 
2013-10-15 05:48:44 PM  
It's not "republicans" doing this.
It's religious fundamentalists who have infiltrated the congress via the GOP.
 
2013-10-15 05:49:04 PM  
Oh. So Fallout. Cool, cool. Anyone got a spare pipboy I can use?
 
2013-10-15 05:49:11 PM  
Hogwash as usual.

The world didn't end the last 17 times this happened, and it won't end now.
 
2013-10-15 05:49:25 PM  

The Stealth Hippopotamus: actually this:

[img541.imageshack.us image 640x480]

Is what my Thursday will look like. Goin Fishin


Sooooooo from the look of that picture, you'll be drunk on the boat?
 
2013-10-15 05:49:48 PM  

HotIgneous Intruder: It's not "republicans" doing this.
It's religious fundamentalists who have infiltrated the congress via the GOP.


So republicans amirite XD
 
2013-10-15 05:50:18 PM  

HotIgneous Intruder: It's not "republicans" doing this.
It's religious fundamentalists who have infiltrated the congress via the GOP.


And a Speaker who values his job as Speaker more than he values the global economy.
 
2013-10-15 05:50:21 PM  

olddinosaur: Hogwash as usual.

The world didn't end the last 17 times this happened, and it won't end now.


IIRC, we have never defaulted.
 
2013-10-15 05:50:54 PM  

olddinosaur: Hogwash as usual.

The world didn't end the last 17 times this happened, and it won't end now.


Government runs everything now.  I haven't even left the basement in the last half-month since the sky was closed due to shutdown.
 
2013-10-15 05:51:10 PM  

WTFDYW: olddinosaur: Hogwash as usual.

The world didn't end the last 17 times this happened, and it won't end now.

IIRC, we have never defaulted.


He thinks 'government shutdown' equals 'defaulting.'

A moron, in other words.
 
2013-10-15 05:51:43 PM  
blogging.la
www.stanwinstonschool.com

/ the skeleton is Ted Cruz
 
2013-10-15 05:52:48 PM  
How is the House, where all funding bills originate, deciding to not fund Obamacare different than the Executive deciding what parts of laws to enforce?  It's a challenge to the House's Constitutional responsibilities, same as I see it claimed a challenge to the President's responsibilities.
 
2013-10-15 05:54:41 PM  

olddinosaur: Hogwash as usual.

The world didn't end the last 17 times this happened, and it won't end now.


Care to show the class when we defaulted 17 times?
 
2013-10-15 05:54:47 PM  
Interesting how Fark so be so skeptical about everything but read this and believe every word of it.
 
2013-10-15 05:55:20 PM  

Ambitwistor: [blogging.la image 550x234]
[www.stanwinstonschool.com image 575x323]

/ the skeleton is Ted Cruz


I would not wish that on anyone except rapist, baby beaters and kitten kickers but Ted Cruz needs kicked in the babby maker.

/how is babby maker kicker made?
 
2013-10-15 05:55:36 PM  

foo monkey: How is the House, where all funding bills originate, deciding to not fund Obamacare different than the Executive deciding what parts of laws to enforce?  It's a challenge to the House's Constitutional responsibilities, same as I see it claimed a challenge to the President's responsibilities.


The ACA is funded. Notice how it didn't stop when the government shut down?
 
2013-10-15 05:56:26 PM  
It's OK, we have 3D printers in space to rain manna down on us now.
Luddites.
 
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