Posted on 10/01/2013 1:50:56 PM PDT by smoothsailing
Good going Republicans:you didn’t back down and you went through with shutting down the government. standing ovation to them
A-FRICKIN'-MEN
I've been saying this for 5 years!!
That sounds good to be too.
I think it would be a good idea to pass individual budgets for each agency. the "omnibus budget" has resulted in many of our problems. Actually I like the thought of zero base budgeting and automatic reviews of all legislation after a number of years or sunset provisions for some laws.
It might be more work for the legislators but it would give them less time to get into mischief. As it is now the government is just an unmanaged conglomeration of fiefdoms and roving ideological gangs.
This makes sense. The House of Representatives is where spending bills originate. Piecemeal funding by the House for noncontroversial spending makes sense.
For the Democrats to reject a spending bill that is perfectly acceptable otherwise might be viewed as foolish and mean spirited. The Democrats may want the government to stay shut down, but why, we ask?
Are the Senate Democrats dictating to the House or Representatives how the House should do their work? Do the Senate Democrats want to take over the responsibility of originating spending bills? Is that okay with the low information voter?
All is well, the dems are in a snit.
BBQ Sliders & Chicken Wings for the NL Wild Card Game tonight!
LET’S GO BUCS!!!
I like the way you think. You should send your plan along to Boehner and Cruz.
;>)
The Republican House has already voted to fund the government at least twice.
THE NEW NORMAL
HOR only funds parts of the government that are non-controversial. All the rest is simply not funded.
Imagine the savings.
I like it. It’s the quickest way to move towards limited government.
Simple sentence: mkts hate uncertainty FAR more than they dislike a goobermint shutdown. Considerable uncertainty was resolved just prior to midnight last night, thus, the broad indicies had a rally. Pretty easy to spot, really.
Now, I make no brief whatever that this (presumptively temporary) minor optimism will persist. I will say this, however; should the moron Boehner push the current idea of passing piecemeal CRs, 1 at a time, and sending them off to that piece of filth Reid, the mkts will -- beginning with the very first cave-in by Reid et al. -- take this action as a double resolution of uncertainty, and therefore react bullishly.
Should, contrarily, the moron Boehner demonstrate once again his spinelessness by attempting some sort of broad 'conciliation' with the turd Reid, mkts will react badly, at least initially. The general uncertainty in mkts will increase sharply the very minute that Boehner should undertake such an utterly stupid course. Then again, we should none of us be surprised if he should do, because, as noted, he is a moron.
Ultimately, my point here is this: you have generalised from one datum (always a mistake), and you do not appear to understand how mkts work when fundamental factors (you know, those things such as capital ratios, d/e ratios, and to a large extent earnings) become no longer the mkts' major driving force.
Good trading to you, and FReegards!
I understand how the markets work.
My point was that Durbin should have checked the markets before he made such a pronouncement. He made himself look like a fool.
Or at least, more so than he usually does.
I don’t understand and perhaps someone could explain to me why, if Obamacare is already funded as Obama said the other day and it looks like it is up and running (not without major glitches though) what exactly is being withheld in the budget bill? Does anyone know?
Yes, it is proof that the economy is not doing well.
It is also proof that this current bull market has little to do with the actual health of this economy. Traders have become financial welfare queens suckling upon the milk of the Federal Reserve.
My question too...
Naw, most people just say anything they want and blind followers never check. The other say Rush wash saying Bernanke's replacement was going to scrap monetization and the market was going to crash. It was soaring that day. An hour later Rush found out that he'd screwed up and admitted the replacement was expected to continue monetization and "see I told ya so" the markets were soaring and that just proved the Fed had Wallstreet on welfare.
Clueless big talk is par for the course when it comes to stock prices, Congress, and/or the Fed.
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Harry Reid makes me long for the return of caning in Congress.
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