Home › Forums › Financial Markets/Economics › shutdown
- This topic has 218 replies, 21 voices, and was last updated 11 years, 2 months ago by livinincali.
-
AuthorPosts
-
October 1, 2013 at 3:59 PM #20786October 1, 2013 at 4:08 PM #765995The-ShovelerParticipant
From what I understand we are just giving some Fed workers a paid holiday, as when it does end (most likely in a few weeks time) most will be paid for the time off.
Other than that really if it comes down to it, the Prez can just tell the Treasury to issue more money and congress cannot stop him.Waste of time.. nothing to see IMO.
October 1, 2013 at 4:22 PM #765996teaboyParticipanthttp://www.urbandictionary.com/define.php?term=congressing
October 1, 2013 Urban Word of the Day: congressing
Wasting time and energy. Being generally unproductive even though you have a lot of very important stuff to do.
Say your light bill is due by 5:00 PM or they’re going to turn off your power. A friend comes by at 4:30 PM and sees you napping.. He’d say, “Dude, you better quit congressing and pay your power bill.”Or… you’re just hanging out on Sunday morning and a friend calls and asks what you’re doing. You’d reply, “Nothing man, I’m just congressing.”
mark as favorite buy congressing mugs & shirts
lazy ineffective wasteful congresing sleepy
by TBRADNC Jun 28, 2013 add a video add an image
Random WordOctober 1, 2013 at 4:23 PM #765997teaboyParticipanthttp://www.urbandictionary.com/define.php?term=congressing
October 1, 2013 Urban Word of the Day: congressing
Wasting time and energy. Being generally unproductive even though you have a lot of very important stuff to do.
Say your light bill is due by 5:00 PM or they’re going to turn off your power. A friend comes by at 4:30 PM and sees you napping.. He’d say, “Dude, you better quit congressing and pay your power bill.”Or… you’re just hanging out on Sunday morning and a friend calls and asks what you’re doing. You’d reply, “Nothing man, I’m just congressing.”
October 1, 2013 at 4:29 PM #765998SK in CVParticipant[quote=The-Shoveler]From what I understand we are just giving some Fed workers a paid holiday, as when it does end (most likely in a few weeks time) most will be paid for the time off.
Other than that really if it comes down to it, the Prez can just tell the Treasury to issue more money and congress cannot stop him.Waste of time.. nothing to see IMO.[/quote]
Treasury can issue more money. But without appropriations, he can’t spend it.
October 1, 2013 at 4:46 PM #765999The-ShovelerParticipantSection 4 of the Fourteenth Amendment gives the president the power to bypass Congress and raise the debt ceiling by executive order.
October 1, 2013 at 5:30 PM #766001ucodegenParticipant[quote=The-Shoveler]Section 4 of the Fourteenth Amendment gives the president the power to bypass Congress and raise the debt ceiling by executive order.[/quote]
I don’t think that is quite accurate. The Wiki (such as Wikipedia is) quote is:The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
It doesn’t mention anything about funding/paying the debt. It just goes to validity and about not reimbursing insurrection against the US.
October 1, 2013 at 5:37 PM #766003The-ShovelerParticipantWe can go round and round but there are quite a few much smarter than I who think this is pretty clear.
“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
October 1, 2013 at 5:51 PM #766005ucodegenParticipant[quote=The-Shoveler]We can go round and round but there are quite a few much smarter than I who think this is pretty clear.
“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”[/quote]Who? The debt still stands..
That said, if it is valid.. could be that Obama does not want to raise it because the debt limit increase would be on his hands. Interesting conundrum that the media is not doing a very good job of picking up.
On Friday, Mr. Obama rejected the idea, though not in categorical terms.
“I have talked to my lawyers,” Mr. Obama said. “They are not persuaded that that is a winning argument.”
October 1, 2013 at 6:16 PM #766008SK in CVParticipant[quote=The-Shoveler]Section 4 of the Fourteenth Amendment gives the president the power to bypass Congress and raise the debt ceiling by executive order.[/quote]
That issue is a few weeks away. (I think 10/17 is the projected date where the cash runs out.) With some exceptions, costs for running the federal government can’t be paid without an appropriation passed by congress and signed by the president. Currently there is none.
October 1, 2013 at 6:28 PM #766009zkParticipant[quote=teaboy]http://www.urbandictionary.com/define.php?term=congressing
October 1, 2013 Urban Word of the Day: congressing
Wasting time and energy. Being generally unproductive even though you have a lot of very important stuff to do.
Say your light bill is due by 5:00 PM or they’re going to turn off your power. A friend comes by at 4:30 PM and sees you napping.. He’d say, “Dude, you better quit congressing and pay your power bill.”Or… you’re just hanging out on Sunday morning and a friend calls and asks what you’re doing. You’d reply, “Nothing man, I’m just congressing.”
mark as favorite buy congressing mugs & shirts
lazy ineffective wasteful congresing sleepy
by TBRADNC Jun 28, 2013 add a video add an image
Random Word[/quote]If that’s the definition of “congressing,” then I don’t think congress is “congressing.” I think if congress relates in any way to the above scenario, it’s more like this:
The dude and his friend are roomates. They’ve agreed to split the light bill and the rent. The one dude wakes up the other dude and says, “hey, screw you. I know we agreed to split the light bill, but I’ve decided I don’t want to abide by our agreement. Either you pay the light bill all by yourself, or I’m going to stop paying rent.”
Isn’t the affordable care act the law already? Do Republicans really think it’s ok to shut down the government in order to change a law that’s already in place?
I’m not a huge fan of the ACA myself. But shutting down the government because you don’t like a particular law is no way to run a country.
October 1, 2013 at 6:41 PM #766011zkParticipantAnd, it costs money to shut down the government. Over a billion dollars. What do we get for that? Nothing. Brilliant. Very fiscally conservative. Morons.
October 1, 2013 at 6:56 PM #766012no_such_realityParticipantShoveler has it right. The Republicans miscalculated how it would be played out in the media and Cruz didn’t help them
From my understanding they’ve agreed to everything but whether the ACA individual mandate should be delayed a year
That’s it just whether individuals can be fined for not having insurance this year
Now what’s the spin your news source is carrying?
October 1, 2013 at 7:26 PM #766013paramountParticipant“I want the government to shut down, I want them all to go home, I don’t ever want to see them go back to work, it’s the biggest waste of money in Earth’s history. This is why America is NO LONGER a FREE COUNTRY. It’s over unless we shut down this mammoth machine. SHUT IT ALL DOWN FOR GOOD!”
October 2, 2013 at 5:56 AM #766024scaredyclassicParticipantWhat’s the worst case if they cannot compromise?
-
AuthorPosts
- You must be logged in to reply to this topic.