Here comes the Shutdown

[macrae1234]

They work for the 1% who pay them, not for us.

Do you think maybe it's the big drug companies that whine about the cost of bringing a drug to market even though they get federal subsidies, pay less taxes than I do, declare 18-20 % annual profits, spend more money on advertising than Flo at Progressive and finally have serendipities like Viagra (created to treat high blood pressure angina and chest pain) fearing the AHA will force thme to lower prices.

[Bob Juch]

They work for the 1% who pay them, not for us.

Do you think maybe it's the big drug companies that whine about the cost of bringing a drug to market even though they get federal subsidies, pay less taxes than I do, declare 18-20 % annual profits, spend more money on advertising than Flo at Progressive and finally have serendipities like Viagra (created to treat high blood pressure angina and chest pain) fearing the AHA will force thme to lower prices.

No, I'm not aware of anything in the ACA that has anything to do with that.

I believe it's the health insurance companies that don't like having their profits limited that are the biggest play/payers.

[elwoodblues]

This whole mess shows how dysfunctional and irresponsible Washington is. Yet we keep letting them vote themselves more power over us. If this is not a wake up call that Obamacare should be stopped, I don't know what is. The fault for the way Washington is is ours, for electing people like Reid, Boehner, McCain, Pelosi, Obama, etc and sending them back as career politicians.

By this logic a terrorist attack on an embassy means we should shut down embassies.

[flockofseagulls104]

You can't bankrupt a country that has the authority to print its own currency -- it can always print more money.

And the bond markets don't seem even a little concerned about inflation. They've got actual money riding on this, so I'll believe their hard-headed analysis over your unsupported ideological beliefs. --Bob

This is why we are where we are.

Bob, you are an intelligent person. Think about what you just posted. I mean really think. If that were true, why am I not a billionaire along with everyone else? I could well be under your scenario, but a loaf of bread would cost 2 billion.

And don't come back with an attack at me. Support with real rational thought what you just stated.

The Fed has effectively been printing money hand-over-first for the better part of a year, Janet Yellen, in line to be the next Fed Chair, is widely expected to continue or even expand that program, yet the bond markets aren't even a little bit worried about runaway inflation. They've got real money on the line, so I'll trust their judgment over yours.

It also makes sense. We are still far, far under the economy's capacity. When that's the case, the usual evil of excess government spending (it crowds out private borrowing, thereby limiting growth) simply doesn't apply.

Present me with a quantitative analysis demonstrating that our debt level is unsustainable and maybe we can have a fruitful discussion. (Unless you'd rather keep it proprietary and compete with the other bond traders.) Until then, you're just arguing what your ideology thinks ought to be the case, instead of analyzing what the evidence (including the bond markets, which both you and BiT have conveniently ignored) shows actually is the case. --Bob

Here is a quantitative analysis of why what you believe may well be completely wrong. There seems to be some people who believe Keynsian economics haven't been proven correct. And there is at least one person who really dislikes Paul Krugman.

http://blogs.spectator.co.uk/coffeehous ... en-to-him/

[Bob78164]

This is why we are where we are.

Bob, you are an intelligent person. Think about what you just posted. I mean really think. If that were true, why am I not a billionaire along with everyone else? I could well be under your scenario, but a loaf of bread would cost 2 billion.

And don't come back with an attack at me. Support with real rational thought what you just stated.

The Fed has effectively been printing money hand-over-first for the better part of a year, Janet Yellen, in line to be the next Fed Chair, is widely expected to continue or even expand that program, yet the bond markets aren't even a little bit worried about runaway inflation. They've got real money on the line, so I'll trust their judgment over yours.

It also makes sense. We are still far, far under the economy's capacity. When that's the case, the usual evil of excess government spending (it crowds out private borrowing, thereby limiting growth) simply doesn't apply.

Present me with a quantitative analysis demonstrating that our debt level is unsustainable and maybe we can have a fruitful discussion. (Unless you'd rather keep it proprietary and compete with the other bond traders.) Until then, you're just arguing what your ideology thinks ought to be the case, instead of analyzing what the evidence (including the bond markets, which both you and BiT have conveniently ignored) shows actually is the case. --Bob

Here is a quantitative analysis of why what you believe may well be completely wrong. There seems to be some people who believe Keynsian economics haven't been proven correct. And there is at least one person who really dislikes Paul Krugman.

http://blogs.spectator.co.uk/coffeehous ... en-to-him/

Quantitative analyses involve numbers and equations. I didn't see any of those in the entire lengthy excerpt. That's not surprising -- the writer acknowledges that he's not an economist. --Bob

[earendel]

The automated alert system that the Corps employs sent out messages this morning at 7:00 telling all furloughed employees to report at their regular times. I wonder how many will be able to do so, since their reporting times are earlier than that, or they've gone on vacation.

[macrae1234]

No, I'm not aware of anything in the ACA that has anything to do with that.

I believe it's the health insurance companies that don't like having their profits limited that are the biggest play/payers.

However they may be afraid they are next