There are two issues – no budget passed thus no discretionary spending can legally proceed and without raising debt ceiling, US federal government cannot increase debt.
Forget nonsenses, let’s connect dots:
1. No budget thus other than mandatory spending (mainly entitlement programs like Social Security), all discretionary spending (defense and domestic which must be approved by Congress every year) are illegal now (except limited defense spending just passed Congress and signed by president but president Obama vowed to veto any more piece meal budget)
2. Even though there is no budget, US government still receive tax and other revenues as they are dictated by separate law
3. If there is no debt ceiling increase, US government cannot spend more than it receive
4. The biggest problem for president Obama — US government’s revenue still big enough to cover all mandatory spending plus interest payment but the remaining cover only 2/3 of discretionary spending
5. According to US Constitution, president Obama has to service debt. Worse! he has MONEY.
6. If he obeys US Constitution (people tend to wild thing while pushed hard so I use if), he has to cut technically non exist (no budget) discretionary spending by 1/3
7. Big defense hawks Republican like McCain will be mad as defense contractors won’t have $$$
8. Liberal Democratic like Pelosi will also be mad as many social engineering program won’t have $$$
9. Guess who are not going to be mad? yes, a group, a big group, won’t
10. President Obama is also going to be mad as he, yes, himself with Congress, has to decide which programs to suspend, how many government employee will not be paid, which scholarship will be suspended, which social engineering program need to be suspended, … …
So, it is not like 2011′s debt ceiling talk. Without budget without raising debt ceiling, president Obama has to pay interest and cut deeply into domestic and defense spending Ironically, Obamacare can proceed as it is a mandatory spending and its tax increase has become law.
Seriously, US cannot continue current borrow spend and no intention to pay anything back. However, very few are serious about this issue. Most want to kick can further to let politicians elected after them to suffer. Meanwhile, many do political calculations to score. As I mentioned in item 9, a big group tend to benefit somewhat politically but need to suffer short term setback. It is my humble view why they force House Republican leaders to hold. No, no, Republicans are not full heart behind reduction of spending. President Bush increased spending a lot. Many hawks like McCain want to spend more on defense which US cannot afford. Republicans just have different pet spending but use cut spending as smoke and mirror. There are only few like Ron Paul (retired) really wants to address the spending issue without fearing a recession.
Australia runs a parliamentary system which is less likely to have budget issue. However, if we don’t change course, soon, we will be like many European nations. Australia is not USA, we cannot run to the debt level like US. Remember, Greek’s debt load was less than US while it went to problem.
NBC/WSJ poll: 60 percent say fire every member of Congress
By Domenico Montanaro, Deputy Political Editor, NBC News
Throw the bums out.
That’s the message 60 percent of Americans are sending to Washington in a new NBC News/Wall Street Journal poll, saying if they had the chance to vote to defeat and replace every single member of Congress, including their own representative, they would. Just 35 percent say they would not.
According to the latest NBC/WSJ poll, the shutdown has been a political disaster. One in three say the shutdown has directly impacted their lives, and 65 percent say the shutdown is doing quite a bit of harm to the economy. NBC's Chuck Todd reports.
The 60 percent figure is the highest-ever in that question recorded in the poll, registered in the wake of the government shutdown and threat of the U.S. defaulting on its debt for the first time in history. If the nation’s debt limit is not increased one week from now, Treasury Secretary Jack Lew warns that the entire global economy could be in peril.
“We continue to use this number as a way to sort of understand how much revulsion there is,” said Democratic pollster Peter D. Hart, who conducted the poll with Republican Bill McInturff. “We now have a new high-water mark.”
The numbers reflect a broader trend over the last few years. Americans have traditionally said that while they might not like Congress, they usually like their own representatives. But that sentiment appears to have shifted.
Democratic Senate Majority Leader Harry Reid speaks in the White House driveway following a meeting Thursday with President Barack Obama. The throw-them-all-out attitude has slowly taken hold over the last three years, coinciding with two things – the rise of the Tea Party caucus in the House and the debt ceiling fight of 2011.
In October 2010, a majority of Americans – 50 percent to 47 percent – said they would not fire all congressional members. But by August 2011, 54 percent said they would toss every lawmaker from office; in January 2012, 56 percent said that; and just three months ago, in July, it was 57 percent.
Frustration was evident among poll respondents across the ideological spectrum.
“You look at 800,000 people being out of work merely because Congress can’t come to an agreement to do their job, which we sent them there to do,” said a respondent from Mississippi, a strong Democrat. “I am prayerful for a revolution.”
The sentiment isn’t limited to Democrats. One Ohio woman, who considers herself a strong Republican, said her husband is a federal worker and they are worried about paying the bills.
“We will not get a paycheck,” she said. “It is federal pay and mortgage is due. Who is going to pay that -- Obama or Congress who is still getting paid?” Hart points out that the seeds are there to give rise to independent or third-party candidates.
According to Hart, “Somewhere, someone’s going to pick up and run with the ‘throw them all out’” banner.
The number of Americans who say they want to fire everyone is fairly consistent among most groups – at around 60 percent – but it spikes among rural voters (70 percent), white independents (70 percent) and those in Republican-held congressional districts (67 percent). Just 52 percent of respondents in Democratic-held districts would vote to fire every lawmaker on Capitol Hill.
In another sign of dissatisfaction with the state of politics, 47 percent of Americans said they do not strongly identify with either party. The numbers in this poll also reflect a broader anger and pessimism among Americans, especially when it comes to the economy.
Sen. John McCain, R-Ariz., sat down with Tina Brown at The Daily Beat Annual Hero Summit to talk debt ceiling, shut down, and what's going on in Washington D.C.
A record-low 14 percent think the country is headed in the right direction, down from 30 percent last month. That’s the biggest single-month drop in the poll since the shutdown of 1990. And a whopping 78 percent think the country is on the wrong track. Just 17 percent think the economy will improve in the next year, while 42 percent think it will worsen.
Americans’ confidence in the economy has nose-dived, they say, because of President Barack Obama and congressional Republicans’ negotiations – or lack thereof – on the budget. Almost two in three – 63 percent – say it makes them less confident that the economy will get better.
“What these numbers tell us is that the already-shaken public – this kicked the stool out from under them,” Bill McInturff said. “We’re seeing numbers that are associated with historic lows in public confidence.”
Almost two-thirds – 65 percent – also say the government shutdown is having quite a bit or a great deal of harm on the U.S. economy.
“That linkage between these actions in Washington and economic confidence and what that means for trying to stabilize our economy, I think at a big-picture level [shows] how destabilizing” the standoff has been for the economy.
Democratic pollster Fred Yang, who helped conduct the poll with Hart, added that Americans are paying attention to this fight and want it resolved before the debt ceiling deadline of Oct. 17.
“This isn't the calm before the storm,” Yang said. “This is the storm before the storm.”
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
I can easily see some of the US government wanting to default after looking at general Americans on youtube, they have so many whackjobs there. (~6,278,000 Americans believe the moon is made of cheese)
They're never going to really pay off the debt, it could be logical to go through pain now than raise the ceiling and have to deal with it again later.
I'm sure the incumbent party doesn't want it, they want re-election, but everyone else? what does it really matter, they aren't in power.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
But Peter, the US lead the offshoring trend, they already do redirect all their calls to India.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
If the shut down continues but the debt ceiling is raised as necessary, which now looks likely, it'll be win-win. Less wasteful government spending and no default.
But Peter, the US lead the offshoring trend, they already do redirect all their calls to India.
point taken. Peter :pop:
doubleview
11 Oct 2013, 01:17 PM
The ASX all ords today has called the bluff!
Last time I looked up nearly %2
Yes the money keeps coming out of the arse of the beast and we all wait eagerly to gobble it down, nice warm and steaming straight from the devils bowels. Feast well my pretties. Feast well and make yourselves strong on the excrement of the beast. But wait, no movement in the lower reaches of the devils gut??????
The whole of humanity waits with baited breath, no stinking putrid shit is flowing, no belching powerful gas to shoot the foul streams of slimy warm shit into the mouths of the waiting masses.
Oh no the end is near.
But wait there may be a deal, the devil may borrow a super strength laxative. One almighty rush of shit is expected.
point taken. Peter :pop: Yes the money keeps coming out of the arse of the beast and we all wait eagerly to gobble it down, nice warm and steaming straight from the devils bowels. Feast well my pretties. Feast well and make yourselves strong on the excrement of the beast. But wait, no movement in the lower reaches of the devils gut??????
The whole of humanity waits with baited breath, no stinking putrid shit is flowing, no belching powerful gas to shoot the foul streams of slimy warm shit into the mouths of the waiting masses.
Oh no the end is near.
But wait there may be a deal, the devil may borrow a super strength laxative. One almighty rush of shit is expected.
We are saved.
Peter from Gnarabup Mouth open and ready.
Why dont you go away you shit eating idiot. Stop talking out of your arsehole.
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