Silly season nearly over??

DiggerUK

Just when you think it can't get any funnier, an oldie but a goodie comes back to visit.

Yes folks, just when you were wondering how they could divert attention away from the NSA finding out what numbers you were using on line in the lottery, or sniggering at Cams shorts, or why the hell we need another war to dress up for in the middle east......we have 'US Debt limit to infinity' back on the big screen.

So what chance the taper will be lit???
..._

Graham_Devon

Like birthdays, the US debt ceiling limit happens every single year.

The same old gatherings happen. The same old arguments commence. The same old thing happens....ignore until next year!

Loughton_Monkey

Well the Republicans won't budge without concessions. Obama won't negotiate. So maybe this time we will get physically past the ceiling and Uncle Sam ceases to function.

All I ask myself is how long it will take anyone to notice....

DiggerUK

I may be wrong, but all that seems to have happened is that the factions have agreed to pick up the tab on Feb 7th next year, a tab that they don't have a clue how much it will be. The ceiling itself has not been finalised at any new level, and won't be done before then.
They don't need to worry about the ceiling....it's not there for now. Maybe they will decide to have a ceiling to infinity....just like QE.

This is a tactic to keep both sides warring at least till the new year. From what I can see, nothing has been agreed or disagreed apart from the direction of travel of an empty can.

Isn't this the 7th christmas it was all going to be over by???
..._

Loughton_Monkey

I believe that Obama has engaged the consultancy of Lord Irvine.

Lord Irvine regularly faced controversy as Lord Chancellor. Soon after his appointment in 1998, the Lord Chancellor's official residence in the Palace of Westminster was redecorated at a cost to the taxpayer of £650,000. Hand-printed wallpaper alone accounted for £59,000. Much of the criticism devolved on Irvine. Contractors working on the renovations were forced to sign the Official Secrets Act in order to avoid revelations of the expenditure leaking out to the public. Early in 2003 he was awarded a pay rise of £22,691 as a result of a formula designed to keep his salary ahead of that of the Lord Chief Justice. After an outcry he accepted a more modest increase.

I believe he is intimately involved with the concept of $17 trillion ceilings....

Joe_Bloggs

@Loughton Monkey
If you thought the Lord Chancellors digs were expensive to refurb then what about the cost for the rest of Parliament.

My guess is three billion with a jetty to accommodate the luxury yachts of the rich and famous on trade missions.

J_B.

Thrugelmir

Graham_Devon wrote: »

Like birthdays, the US debt ceiling limit happens every single year.

The same old gatherings happen. The same old arguments commence. The same old thing happens....ignore until next year!

As long as the USA continues to buy 2/3's of issued debt every month . Then no problem. Appears that the USA has their own version of Clown Brown. As for all his good points Obama is falling well short on the finance front.

Loughton_Monkey

Joe_Bloggs wrote: »

@Loughton Monkey
If you thought the Lord Chancellors digs were expensive to refurb then what about the cost for the rest of Parliament.

My guess is three billion with a jetty to accommodate the luxury yachts of the rich and famous on trade missions.

J_B.

This is mind-bogglingly gross!

At £3 billion, we're talking £4.5 million per MP! Let the boggers work from home via webcam.

ManAtHome

Hardly a (debt) ceiling, more a target.

Hey Bennie, we're getting near the ceiling, back off the fuel v
Hey Bennie, we're under the target, engage warp drive...

Yellen "didn't see it coming" either, and the last few Fedistas - Volker, Greenspan, Bernanke - the shorter they is, the more they print... (gulp!)

lvader

Loughton_Monkey wrote: »

This is mind-bogglingly gross!

At £3 billion, we're talking £4.5 million per MP! Let the boggers work from home via webcam.

Yes let all the iconic London buildings collapse, at least house prices in London will drop.

DiggerUK

ManAtHome wrote: »

........Yellen "didn't see it coming" either, and the last few Fedistas - Volker, Greenspan, Bernanke .......

If I remember right Greenspan testified that they got it wrong because ........."I’ve found a flaw. I don’t know how significant or permanent it is".......classic.
..._