Budgetary Insanity
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-03-29 16:01
by Karl Denninger
in Blogtalk
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Budgetary Insanity
 

Days to the "shutdown" - I say let's do it and get it over with. We'll cover it - plus a recap on Japan and more

http://blogtalkradio.com/marketticker - 4:00 Central Today!

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User Info Budgetary Insanity in forum [Market-Ticker]
Erkme73
Posts: 85
Incept: 2010-10-23

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Nicely done...
Lowtenet
Posts: 9
Incept: 2009-03-19

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Hey Karl,

Do you honestly think the government is going to shutdown?? Here is wagering that it will not.

Discussion of it in congress is just white noise, an opportunity for face-time, posturing. The debt limit has been raised something like 40 times and will continue to be raised. Guaranteed.
Mo
Posts: 12158
Incept: 2007-06-26
Silver
Pa.
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I think the only way to get big budget cuts is to shut it down. No back pay when it opens back up. Then open it back up in, say, December.

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Welcome to Pottersville
Obsidian
Posts: 2445
Incept: 2008-10-10
Green
Eagle Mountain, Utah
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Quote:
Then open it back up in, say, December.


...2012 please.

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232-Th + n --> 233-Th --> 233-Pa --> 233-U.
Trolling is a art.
Teotwawkinow
Posts: 125
Incept: 2009-02-02
Green
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Karl,

If the majority in CONgree passed 5th grade math (yes, that is a big if) they know the current fiscal policy is unsustainable. So, why do they do NOTHING?
Lenguado
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Incept: 2010-01-12
Gold A True American Patriot!
Orlando, FL
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That would be 2013.....

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I just realized... they aren't saying, "Keynesian Economics"
they're saying "Kenyansian Economics". Grass Huts for everyone!
smiley
Welcome to history’s first Double Dip Depression
Tumblebug
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Green
Oceania
Banned
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Test

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Sirupate
Posts: 33
Incept: 2010-01-12

Columbus, Ohio
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Even in a "shutdown", I am pretty sure that there is an "essential" component of the fedgov that continues to operate. Maybe someone can confirm. Hard to imagine the FBI, CIA, Treasury, and dotmil. ceasing operations in a budgetary shutdown.

What you will find is a bunch of relatively meaningless (but nice) stuff that ceases operation. Parks, Smithsonian, etc. I say let it stop and let the American people decide just how essential this other stuff is. But in a budgetary shutdown..Granny still gonna get her social security check in the mail. This is all theatre for the politicos. Gotta score points against each other.
Starvingartist
Posts: 3430
Incept: 2011-01-03
Green
Puff The Magic Dragon
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Yes, there are some parts that do not shut down, even during a shut down.

Quote:
A shutdown would also result in the furlough of hundreds of thousands of federal employees, but the government would keep essential services -- like air traffic control, and the national security apparatus -- in full operating mode.

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"The only solution that is mathematically sound is politically impossible.
All the should's in the world ain't gonna change that."
Mac
Posts: 159
Incept: 2009-09-04

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Shut the mother****er down and leave it shut down. I hope the EPA, the Dept. of Ed. and the BATFE never get the chance to come back. I'd like to see every one of those sons of bitches out on the unemployment line. They've done their damnedest to destroy this country and they've almost succeeded. Government workers and Democrats: I'd like to jail half of them and exile the rest. Useless thieving pricks, the lot of them.

Those of us who actually do something productive for a living will be better with the government shut down rather than having it operate. What is more, the shutdown will be a good dress rehearsal for what we're going to see anyway at some point if the 535 elected criminals in DC don't get a grip damned fast.
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