Weekly fiscal cliff.

[raumvogel]

But, djrbk, we can't do anything about it because only those with huge piles of cash can influence politicians!

QUOTE (Duckwarrior @ Sep 30 2013, 05:08 PM) http://www.evilempirebook.com/

- "We are not amused".

[djrbk]

That is sad.

[Camaro]

We need to annex Canada to be the 51st-60th states.

Then you Canuks won't have to deal with French being an official language.

[CronoDroid]

Good news is you'll be stuck with these clowns until next year. I mean regardless of whether or not you're ideologically opposed to the ACA, no one group should be able to hold the US budget (and by extension, the global economy) ransom because they didn't get what they wanted.

Have the Republicans even come up with their own health care plan yet to replace the ACA? Or are they still on the "the previous system worked" track? It boggles the mind how long this nonsense has been going on.

[NightRychune]

QUOTE (CronoDroid @ Oct 2 2013, 12:03 AM) you'll be stuck with these clowns

this is more accurate

these @#(!lords aren't really going anywhere because they've redistricted so heavily to secure their seats over the past few years

[peet]

You can bet that Li Keqiang picks up the phone within 2 weeks to have a "good conversation" with Obama if this trench warfare continues. Than the USA hits the debt ceiling (again) and China wants to be payed for their loans to the USA.

[djrbk]

QUOTE (Camaro @ Oct 1 2013, 10:53 PM) We need to annex Canada to be the 51st-60th states.

Then you Canuks won't have to deal with French being an official language.

I like French. Being able to speak it fluently enough landed me a sweet contract and free education.

Eat it!

[NightRychune]

QUOTE (peet @ Oct 2 2013, 03:55 AM) You can bet that Li Keqiang picks up the phone within 2 weeks to have a "good conversation" with Obama if this trench warfare continues. Than the USA hits the debt ceiling (again) and China wants to be payed for their loans to the USA.

so, funny thing about this

the US financial crash a few years ago was caused by a few financial institutions with massive holdings in securities that turned out to be @#(!. if the US ever actually defaults on its debt, thus devaluing US treasury notes (this is the form of US debt that is held by China, not loans) - which are considered the absolute safest investment in the entire world - to any significant degree, the world economy will go boom

if these @#(!head republicans are insane enough to let that happen, i have no idea

[Camaro]

QUOTE (NightRychune @ Oct 2 2013, 12:54 AM) so, funny thing about this

the US financial crash a few years ago was caused by a few financial institutions with massive holdings in securities that turned out to be @#(!. if the US ever actually defaults on its debt, thus devaluing US treasury notes (this is the form of US debt that is held by China, not loans) - which are considered the absolute safest investment in the entire world - to any significant degree, the world economy will go boom

if these @#(!head republicans are insane enough to let that happen, i have no idea

True, however the US Federal Reserve holds far more debt than China does. Foreign debt is just a fraction of our debt holdings, and China is just a fraction of that fraction.

The Federal Reserve could just one day forgive their loans to the US Federal Government and all is good. Although other nations would accuse the US of printing money (as that is essentially what that amounts to). Significant inflation would ensue.

Also, US Debt was downgraded the other year, I'm sure we lost our right to say the "safest investment in the world" back then.

[peet]

Did you know the Eur - USD exchange rate is 1.000 - 1.369? That is very high.