shutdown over..
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That sucks. I guess.
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It does suck in that nothing changes, Obama gets another $1 trillion to blow, and we were never going to default anyway - 14th amendment prohibits that from happening and Congress had already passed a bill that would have taken care of that. The senate and Obama used the willing democrat operatives that are our media to scare people - again.
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That doesn't mean that the shutdown is over. What about the House?
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Why do I have to pay so much in taxes if we are just gonna borrow like madmen anyway?
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They're all idiots.
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The only thing keeping the economy even slightly afloat is interest rates. When they go up, and that will happen probably sooner than anybody thinks, the stock market is going to take a big giant dump. Watch and learn young padawan. |
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I'm shocked! Shocked, I tell ya! :rolleyes:
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This Video was posted over on CF politics today, if you don't care to sit through the 30 minutes (IT IS WELL WORTH IT BTW), here are a few Cliffs:
1. The Government Creates Glorified IOU's. Treasury Bonds. These create the National Debt and puts the people on the hook to pay it back. 2. The Treasury sells the Bonds to the Banks. The Banks then turn around and sell the Bonds (National Debt) to the Federal Reserve for a Profit. The Federal Reserve then opens its Checkbook which then buys these Bonds using a Checkbook that has a zero balance. So essentially, the Federal Reserve is buying IOU's WITH IOU's. When those Checks (IOU's from the Federal Reserve) are given to the Banks, currency is created. This is how 'Money' is created. Start the Video at the 18 minute mark, and it will explain the whole cycle, it's very interesting. http://www.hiddensecretsofmoney.com/videos/episode-4 |
How to fix our debt ceiling issue... RAISE THE DEBT CEILING!
BUT... it'll only be for a little while, unless we need to raise it again. |
No generation has a right to contract debts greater than can be paid off during the course of its own existence." - George Washington
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The dollar doesn't buy shit anymore, that's for sure. I have been really feeling the devalued currency in the last 18 months badly.
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Elephants and asses, screwing the masses............ |
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