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Grundulum posted:I am very disappointed that Ryan is taking over speakership, rather than this insanity continuing. I was going to suggest USPOL November: The Boehner Maintainer as a title, but now that won't be needed. Don't worry, the insanity will continue because Ryan will be even more aggressive than Boehner in using the debt ceiling/budget to hold the government hostage. He's also a firm believer that a default wouldn't be that bad. Ganon posted:Would there be any gridlock if Jeb won? Get rid of the filibuster on day 1 and it's 4 years of doing whatever. Don't even have to worry about losing any senate seats in 2018 with that map. It would only be 2 years because that action, laws that would get passed, supreme court replacements, and etc would create a Democratic wave that would take back the house and senate in 2018.
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Oct 24, 2015 19:27
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Mitt Romney posted:Don't worry, the insanity will continue because Ryan will be even more aggressive than Boehner in using the debt ceiling/budget to hold the government hostage. He's also a firm believer that a default wouldn't be that bad. Are you kidding me? gently caress.
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Oct 24, 2015 19:28
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Eh sort of. He said that we could default for a few days and it not be that big a deal. http://talkingpointsmemo.com/dc/paul-ryan-the-wall-street-i-know-is-totally-ok-with-debt-default-for-a-few-days-video
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Oct 24, 2015 19:31
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Rhesus Pieces posted:I don't think Jeb!'s heart is in it, guys. I'm erect
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Oct 24, 2015 19:31
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Artificer posted:Are you kidding me? gently caress. Ryan is from the generation that doesn't know anything but Reagan lies. He'll be the first true believer to serve as Speaker.
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Oct 24, 2015 19:34
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fool_of_sound posted:Jeb Bush is going to murder/suicide the Donald. If Jeb can't handle Trump needling him then he honestly shouldn't be president and should just drop out now. I mean, contrast Jeb's petulant whining about how mean Trump is with Obama masterfully barbecuing him at the 2011 WH correspondent's dinner. After burying the birth certificate issue. While having Bin Laden killed.
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Oct 24, 2015 19:34
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fool_of_sound posted:Jeb Bush is going to murder/suicide the Donald. Pretty sure the reverse is why Big D ran in the first place, so it's only fair.
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Oct 24, 2015 19:38
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Rhesus Pieces posted:I don't think Jeb!'s heart is in it, guys. Dude is melting down and it's glorious. gently caress the Bushes, I hope he murder-suicides his brother.
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Oct 24, 2015 19:45
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We haven't even gotten to family fun time with Jeb, either, which was going to be the entertaining part.
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Oct 24, 2015 19:45
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Rhesus Pieces posted:I don't think Jeb!'s heart is in it, guys. This owns, God bless the Donald Hollismason posted:Eh sort of. He said that we could default for a few days and it not be that big a deal. Is there any chance he's right?
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Oct 24, 2015 19:47
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DOOP posted:This owns, God bless the Donald No, Jesus.
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Oct 24, 2015 19:48
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Hollismason posted:Eh sort of. He said that we could default for a few days and it not be that big a deal. Jesus Christ no Wall St. would not be ok at all with defaulting 'just for a few days'
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Oct 24, 2015 19:53
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That's a older article that I dug up . He may have said something more recent about it but I don't think he has said anything more recent.
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Oct 24, 2015 19:58
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DOOP posted:Is there any chance he's right?  .
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Oct 24, 2015 20:00
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Rhesus Pieces posted:I don't think Jeb!'s heart is in it, guys. I like to imagine that after Jeb! announces he's dropping out of the race Trump will hold a press conference to walk out on the stage, drop the mic. and walk off.
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Oct 24, 2015 20:00
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DOOP posted:Is there any chance he's right? He probably is. There's enough money at stake in the assumption that the US will never default that there'd be a collective agreement to just ignore it if it ever happened. Like when the credit rating was downgraded and everyone just rolled their eyes.
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Oct 24, 2015 20:02
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Also since the Treasurer just pays things as they come in I think it's possible the first payments they default on my not be huge "Destroy the World" payments or whatever. After a week though or longer , yeah there'd be some fall out.
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Oct 24, 2015 20:04
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Hollismason posted:Eh sort of. He said that we could default for a few days and it not be that big a deal. "We can just be late on some payments and it will totally be cool" --- the party of fiscal responsibility.
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Oct 24, 2015 20:07
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Maybe they think we can get a Payday cash loan.
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Oct 24, 2015 20:10
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It's not too late to get your order in http://www.costco.com/31%2c500-Total-Servings-4-Person-1-Year-Food-Storage.product.11763436.html
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Oct 24, 2015 20:12
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DOOP posted:This owns, God bless the Donald No, a default of any kind will jump T-bill rates significantly, skyrocketing short term borrowing costs and will probably also coincide with a downgrade, extending those rates to a longer term. In the long term there will be significant incentive to reduce the influence of US currency and monetary policy which will weaken a dominant US hegemon. Some of that may not be horrible in the long term, but it forces the US out of a position where it is in the driver seat so to speak
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Oct 24, 2015 20:12
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Boon posted:No, a default of any kind will jump T-bill rates significantly, skyrocketing short term borrowing costs and will probably also coincide with a downgrade, extending those rates to a longer term. In the long term there will be significant incentive to reduce the influence of US currency and monetary policy which will weaken a dominant US hegemon. In other words "maybe, provided that you aren't american".
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Oct 24, 2015 20:29
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Joementum posted:He probably is. There's enough money at stake in the assumption that the US will never default that there'd be a collective agreement to just ignore it if it ever happened. The problem with this is by not responding it will make it even more likely that they'll default again. Also they're not a hivemind and should this actually occur every single trader will have their finger hovering over a hair-trigger in case anyone else panics. That's a really really bad place to be.
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Oct 24, 2015 20:33
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Boon posted:No, a default of any kind will jump T-bill rates significantly, skyrocketing short term borrowing costs and will probably also coincide with a downgrade, extending those rates to a longer term. In the long term there will be significant incentive to reduce the influence of US currency and monetary policy which will weaken a dominant US hegemon. Yup. Even a short default lasting less than than a few days would directly cost hundreds of billions of dollars in the long term. Direct damage from being in default more than a few days would be catastrophic. When you take into account the external effects from a default, like Boon says, it gets a bit out of control and things get unpredictable. Especially if it lasts more than a few days. However, the stock market isn't predicting a default or anything damaging happening so I'd take some comfort in that.
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Oct 24, 2015 20:45
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Boon posted:No, a default of any kind will jump T-bill rates significantly, skyrocketing short term borrowing costs and will probably also coincide with a downgrade, extending those rates to a longer term. In the long term there will be significant incentive to reduce the influence of US currency and monetary policy which will weaken a dominant US hegemon. It's incredible that US politicians can even engage in brinkmanship on debt payments without any real repercussion. Most nations would be invaded by angry bond holders if their government even hinted at purposefully defaulting, much less the effect on bond yields. The US has an amazing advantage with respect to the world in terms of cost of debt, it really shouldn't be wasted.
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Oct 24, 2015 20:58
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People here are already putting up Hillary for Prison 2016 lawn signs. 
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Oct 24, 2015 21:02
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TheRamblingSoul posted:People here are already putting up Hillary for Prison 2016 lawn signs. Cleared of all suspicion by the IRS and Committee To Find Hillary Guilty #8 couldn't find anything in 11 hours Oh yeah, she's guilty
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Oct 24, 2015 21:04
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Can you imagine what a queen of prison Hillary would be? Holding court in the yard. Prostitutes and bank robbers all coming out with college degrees and poo poo.
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Oct 24, 2015 21:06
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NPR is doing a story about vilerat's Eve Online stuff right now. Its so nerdy.
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Oct 24, 2015 21:16
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Absurd Alhazred posted:"We can just be late on some payments and it will totally be cool" --- the party of fiscal responsibility. "Well, it's due on the 1st, but they don't start assessing penalties until the 15th, so it's really due the 15th, if you think about it, right?"
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Oct 24, 2015 21:19
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Epic High Five posted:Cleared of all suspicion by the IRS and Committee To Find Hillary Guilty #8 couldn't find anything in 11 hours "We KNOW she's guilty! We just need the EVIDENCE that proves it!"  BUBBA GAY DUDLEY posted:NPR is doing a story about vilerat's Eve Online stuff right now. Its so nerdy. Link?
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Oct 24, 2015 21:19
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Nocturtle posted:It's incredible that US politicians can even engage in brinkmanship on debt payments without any real repercussion. Most nations would be invaded by angry bond holders if their government even hinted at purposefully defaulting, much less the effect on bond yields. The US has an amazing advantage with respect to the world in terms of cost of debt, it really shouldn't be wasted. It's even more infuriating how the media treats this as a typical game between democrats and republicans.. Bob Schieffer: Congress, am I right? 
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Oct 24, 2015 21:22
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Absurd Alhazred posted:"We can just be late on some payments and it will totally be cool" --- the party of fiscal responsibility. I think this is an important point to highlight as often and as loud as possible.
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Oct 24, 2015 21:26
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quote:@costareports: Trump on Carson today: "I’m Presbyterian. Boy, that’s down the middle of road, folks... I mean, Seventh-Day Adventist I don’t know about." Here we gooooo 
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Oct 24, 2015 21:28
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And so began the second American Civil War.
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Oct 24, 2015 21:32
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Seventh Day Adventists. Boy, I don't know.
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Oct 24, 2015 21:36
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So, how's the theory of Trump trolling the election cycle? Have there been any good write-ups worth reading yet? https://www.youtube.com/watch?v=9Tji1g0WrPw
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Oct 24, 2015 21:37
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Kafka Esq. posted:And so began the second American Civil War. Hopefully the good guys actually win this time. 
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Oct 24, 2015 21:38
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Rhesus Pieces posted:Here we gooooo After all the poo poo Carson said about Muslims, he deserves every bit of this. See how he likes having his religion attacked.
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Oct 24, 2015 21:41
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Mr Interweb posted:Hopefully the good guys actually win this time. It's actually going to work like Victoria 2 where one day the rise up and suddenly 2 million revolvers in Rapid City.
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Oct 24, 2015 21:42
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