setback?
#11
Posted 30 December 2012 - 04:34 PM
"UPDATE: Sen. John McCain said the GOP will take the "chained CPI" provision, that was holding up talks, off the table. Story developing. Check back for updates."
http://www.cnbc.com/id/100345480
#12
Posted 30 December 2012 - 05:14 PM
~ Johann Wolfgang Von Goethe ~
#13
Posted 30 December 2012 - 05:45 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#14
Posted 30 December 2012 - 05:55 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#15
Posted 30 December 2012 - 08:34 PM
If we do get a deal, I believe we get an initial bump higher (which I will not play), then continue lower toward 12xx, I doubt the bump lasts very long...
I think it may depend on what kind of deal we get. I don't even know why anyone reported on it until today. Did anyone think that congress would get something done early?
#16
Posted 30 December 2012 - 08:55 PM
If we do get a deal, I believe we get an initial bump higher (which I will not play), then continue lower toward 12xx, I doubt the bump lasts very long...
I think it may depend on what kind of deal we get. I don't even know why anyone reported on it until today. Did anyone think that congress would get something done early?
You are right, it depends on the deal we get...
And the odds of no/little cuts and raising taxes on people over 250k is none to zero...
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#17
Posted 30 December 2012 - 09:14 PM
We live in interesting times and I'm not confident it will turn out well. There are just too many zeros on the back of that dollar amount we owe and are borrowing year after year. Back when I was a kid they fought over this stuff and it didn't matter too much. But now, just too many zeros...... Congress needs to pass a law banning the zero, then we will be ok!!!!
Those dastardly Zeroes! I blame it all on the inventor of Zero.
If we were still using the Roman numerals, this 16+twelve zeroes debt would be impossible!
There is not enough paper to write 16 Trillion in Roman numerals!
(That Zero story is buried somewhere in this long video)...
Youtube Video
#18
Posted 31 December 2012 - 12:36 AM
We live in interesting times and I'm not confident it will turn out well. There are just too many zeros on the back of that dollar amount we owe and are borrowing year after year. Back when I was a kid they fought over this stuff and it didn't matter too much. But now, just too many zeros...... Congress needs to pass a law banning the zero, then we will be ok!!!!
Those dastardly Zeroes! I blame it all on the inventor of Zero.
If we were still using the Roman numerals, this 16+twelve zeroes debt would be impossible!
There is not enough paper to write 16 Trillion in Roman numerals!
(That Zero story is buried somewhere in this long video)...
Youtube Video
Actually we are kidding ourselves with the $16T number which ignores unfunded liabilities. They bring it up to $86T or close to 30 times GDP but it has the same number of zeros.
#19
Posted 31 December 2012 - 12:51 AM
Edited by arbman, 31 December 2012 - 12:51 AM.
#20
Posted 31 December 2012 - 12:57 AM
Actually we are kidding ourselves with the $16T number which ignores unfunded liabilities. They bring it up to $86T or close to 30 times GDP but it has the same number of zeros.
Mort Zuckerman on unfunded liabilities of the federal government..
http://www.usnews.co...f-unfunded-debt