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Bloomberg and Fox Polls Say Don't Raise Ceiling Without Spending Cuts

Back to the same lying nonsense. The budget has not already passed, but debt has accrued. Raising the debt ceiling only has the effect of allowing the government to borrow more money.

The treasury can only issue debt for spending approved by congress, so all debt raised was approved by congress. What this means is that congress indeed approved the spending for that debt, and are now refusing to say they will pay the debt for the money they borrowed and already spent.
 
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The debt ceiling is a bargaining chip.


Yeah - a "bargaining chip" that is scaring the hell out of the rest of the world.

European Stocks Drop as Boehner Rejects Clean Debt Limit - Bloomberg

China warns US over debt ceiling as deadlock hits markets - as it happened | Business | theguardian.com

Big US data gaps start to unsettle market - FT.com

Holes in the economic calendar have robbed traders of opportunities, causing volumes in some areas of the markets to nosedive. CME eurodollar futures volume totalled just 1.5m contracts on Friday, when the government’s employment report would normally have been released. Some 3.8m contracts were traded when the monthly report was last released in early September.

The disruption has wider implications. Since the monthly payrolls data also inform the Federal Reserve’s decisions on monetary policy, a sustained absence could lead to delays in any slowing – or “tapering” – of the central bank’s emergency asset-buying programme.

Investors hasten exit from US Treasury bills amid default fears - FT.com

The exit from US Treasuries accelerated on Tuesday, as concerns mounted about financial market turmoil should a failure to raise the debt ceiling result in a delayed payment later this month.

Treasury bills maturing later this month and in early November rose above 30 basis points on Tuesday, their highest level since late 2008 when the Federal Reserve adopted a zero interest rate policy and anchored short-term interest rates.
<snip>

The aversion to owning Treasury bills that extend into November, with yields for maturing securities also climbing higher, is a sign that investors fear that a protracted battle in Washington will force the US Treasury to delay making a debt payment.
Oh that's nice :roll: - increase the payout for the government

U.S. short rates rise on default fear, stocks slip | Reuters

"The markets now view lending money to the U.S. for one month riskier than lending money to a bank for one month," said Guy LeBas, chief fixed-income strategist with Janney Montgomery Scott in Philadelphia.
That's really special when one looks back at recent history of big bank behaviour
 
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What do you mean?

exactly what I wrote "and?". As in, do you have a point?

Do you think that if other nations begin to wonder about the fiscal actions of the US Congress, it won't have financial implications in their economies?

I think the members of congress should be chiefly concerned with US interests, whatever they may perceive them to be.
 
Except those measures aren't necessary and aren't the problems.

Sure they are. And the ACA isn't. See, you don't get to tell the other side what is the problem, not in a negotiation. Wait . . . your negotiation claim is totally disingenuous, isn't it.
 
Sure they are. And the ACA isn't. See, you don't get to tell the other side what is the problem, not in a negotiation. Wait . . . your negotiation claim is totally disingenuous, isn't it.

ACA going to cost over 1 Trillion dollars, yeah that sounds like a problem to me....
 
The treasury can only issue debt for spending approved by congress, so all debt raised was approved by congress. What this means is that congress indeed approved the spending for that debt, and are now refusing to say they will pay the debt for the money they borrowed and already spent.

BINGO! The best most succinct explanation of the situation, and why conservatives are being totally dishonest.
 
ACA going to cost over 1 Trillion dollars, yeah that sounds like a problem to me....

No it won't. Let's negotiate. Raise taxes on the rich and cut the military. It's the only way to balance the budget.

See how it works? N-E-G-O-T-I-A-T-I-O-N-S!
 
No it won't. Let's negotiate. Raise taxes on the rich and cut the military. It's the only way to balance the budget.

See how it works? N-E-G-O-T-I-A-T-I-O-N-S!

It won't cost over 1 Trillion dollars? Now you are just hiding your head in the sand.... :roll:
 
It won't cost over 1 Trillion dollars? Now you are just hiding your head in the sand.... :roll:

No, the ACA will save money.

See negotiations have two sides. Amazing!

Meantime let's save money by banning guns.
 
1. Banning guns doesn't save money.
2. How the heck does ACA save money?

1. Yes it will. So will raising taxes on the rich an getting the military.
2. ACA will reduce HC costs by $1T over 10 years.

So now, let's negotiate that.

You know it appears as if your call for negotiations was nothing more than a vapid dishonest rightwing meme? Is that the case?
 
1. Yes it will. So will raising taxes on the rich an getting the military.
2. ACA will reduce HC costs by $1T over 10 years.

So now, let's negotiate that.

You know it appears as if your call for negotiations was nothing more than a vapid dishonest rightwing meme? Is that the case?

No, it appears you just don't know anything about anything.
 
No, it appears you just don't know anything about anything.

So you don't really want to negotiate. You just want to make demands.

I thought so. Thanks for admitting it.

NEXT DISCREDITED RIGHTWING MEME!
 
1. Banning guns doesn't save money.
2. How the heck does ACA save money?

Then we'll call it a bargaining chip. See, someone is going to have to swallow something they don't want, that's what a compromise is. Right now, nobody's ready to give. The TPers could swallow the existence of Obamacare, or Obama could swallow getting rid of it. Either way, somebody has to give.

Wait until we see which way the political wind is blowing on it. If it means they might lose the House, TPers will find a way to compromise quickly. They have more to lose politically than Obama does.
 
While you, on the other hand, know everything about everything,eh?

For some reason I find that hard to believe - Mainly because I haven't seen any proof of it.

Coming from the guy who refuses to discuss anything with me because he disagrees and whines like a child......
 
You don't know how money works do you? :lamo


The more money you have, the more things you can buy.

If you have no money you can't buy anything. Give it a try sometime.
 
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The CR is an entirely different bill. So yes or no on the Ryan budget, H.Con.Res. 25?

The CR contains what the Republicans wanted in the budget. Where is Ryan anyway?
 
So then lets pass the Ryan budget instead.

I appears the Ryan is AWOL. I haven't heard a peep out of him. He must be too scared to get involved in this train wreck in the House. LOL
 
I appears the Ryan is AWOL. I haven't heard a peep out of him. He must be too scared to get involved in this train wreck in the House. LOL

He and Boehner are in the back of a bar drunk, wondering how to stop this Frankenstein's monster called the tea party that will be the end of the GOP for good.
 
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