I think it's all a dog and pony show. I'm fine financially and don't give a ratsass. If we want to stop all this horseshit, we need to be smarter voters. Too many smart Independents are being overlooked because they can't get the funding like the big boys. I'm neither a Republican or Democrat but these Teabaggers are pretty frighting. I thought the Republicans had all the answers, they don't. The only thing boths sides are great at is finger-pointing and masters at the blame game. If you want to clean house, you start with your own. How about better term limits and getting rid of all the pensions, health care and the thousands of other perks these assclowns in our Federal, State and Local Governments get.

Sorry for the rant.
Damn I hate when I do that.

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Life...... It's sexually transmitted and always fatal

If we don't raise the dept ceiling and start cuts we will keep our credit rating. I would love to sit down with the President and Senator Reid and let them explain in every detail how what they are doing will work (this time).

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My ability to spell is in direct proportion to the amount of coffee I've had.

I usually don't talk politics but in this case, I'll make an exception. With all the childish BS going on in Washington, maybe the best thing would be for the economy to crash and burn for whether those rich, insulated elitists play nice with each other or not, we the working class (or what used to be) are the ones who ultimately will catch the screwing for generations to come any way.

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You dig?

I think it's time in this country for the powers that be have to be held accountable for their actions. I'm of the thought that they put us all in this mess, now instead of some smoke and mirrors tactic of raising the debt ceiling, it's time to admit failure and quit putting band aids on an open chest wound. It's time for American companies to bring their production back to America and keep the money in America.
The government spends ~18-20,000,000,000 dollars a year on the 'war on drugs' locking up/imprisoning non-violent drug offenders. And don't even get me started on the outrageous numbers associated with bonuses, private jets, and other 'perks' for Washington's who's who. (Not limited to, but certainly including politicians). The middle class has already been a casualty of this economic condition, and with less than 1% of the population controlling 90+% of the wealth nothing will ever change. It's my opinion that those with the largest bankrolls will suffer more from a collapse in the economic structure, and that eventually could allow the previously hoarded bankrolls to be more evenly distributed, and could pop the bubble of high level execs living largely on inflated numbers and limitless credit.
Regardless of the outcome, it's gonna get ugly and nobody will be left unaffected. Welcome to capitalism at it's finest. Thomas Jefferson is probably rolling over in his grave right now.

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Check out my new FB music page!

https://www.facebook.com/TheDevilandMe.Music

a wise man (my father) once told me the only thing worth anything is water and bullets. So i live by that. I added a Katana to the list for personal reasons but it holds to the original statement.

+1000000000000000000000000000000000000000000000000000000000 (just like our debt)

Nooooo! I dont want to know the political leanings of my favorite forum posters!!

This is what I find ironic.

People all over the world either have money or they don't. Banks will lend more money than they actually do have, and throw people out of their homes when things go bad. With all the economic problems of the world today, people are under stress. No pay rises in a climate of ever increasing inflation. Petrol & food are constantly going up. There are even people in this world right now, that are contemplating suicide because they just don't seem to make ends meet no matter what. We sit and complain, yet there are people in this world who fear for their lives and starve to death on a daily basis. Yet-

The irony is... Money is man made, and the vast majority doesnt even exist on paper!!

Ironic huh? if a government wants control of the population, if they want your votes- they will control your wallet.

The Joke really, is on us.

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About the post on the FDNY LT that is asmatic an runs marathons...this is what Labor Unions have done to this country. There was a time in this country when the working man needed those Unions, but those days have been gone for decades now. And yes the politicians (liberals) are in the CORRUPT UNION LEADERS pockets...and that article is just one more example of feeling someone owes you a living. People in this country used to BELIEVE in working hard for what they got, now they want everything right now! And most of the media is also corrupt and perpetuate these type of problems by not being responsible enough to point this kind of corruption out.

I worked very hard for 28 years in the USAF, I did the long deployments, the 14 hour days, actively participated in two wars and quite frankly earned everything I have...and now to top it all off now they want to kill the militarys retirement system and give guys getting shot at a 401K that might have money it down the road or maybe it won't. All this because the politicians are trying to pick winners and losers in the stock market, so if your company is pro labor they want to give you leg up and that is just screwing our economy...when the market doesn't trust the government will do the right thing, they hold on to thier capital and don't invest, which just kills the economy even more.

OK I am done...Sorry this is so long, but I agree we need to get rid of career politicians and a very weak President that has NO LEADERSHIP capabilities, period. People need to stop being sheep!

T2

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What time is it? It's Fender Time.

cut cap balance the federal budget, eliminate fraud and waste in the federal government, reduce the size of the federal government and make that one more efficient.

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you can save the world with your guitar one love song at a time it's just better, more fun, easier with a fender solid body electric guitar or electric bass guitar.

Too late, Hoss......that train has left the station.



Arjay

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"Here's why reliability is job one: A great sounding amp that breaks down goes from being a favorite piece of gear to a useless piece of crap in less time than it takes to read this sentence." -- BRUCE ZINKY

Wipe out DC and start from scratch............

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The blues ain't nothin but a good man feelin bad.

Hi Nevin: watching with fascination and a fair amount of amazement at some of the behavior on display I am nevertheless much less pessimistic than everyone else on this thread.

To answer your questions, it is beginning to look like the US losing its Triple A status is probably a done deal sooner or later, no matter what they do now. That's to do with the way the rating agencies calculate these things and it is too late to turn that super tanker around. Of course, that is going to be deeply humiliating for them. Though it is unlikely they will default in anything other than a very technical sense, and probably not even that.

Yet. The fundamentals of the US economy are for the most part in vastly better shape than Greece and Ireland, for example. Therefore, the Chinese and the rest of us will go on lending to them: without the AAA rating it is just going to cost them more, that's all.

People misunderstand some of the economic mechanics here. There is plenty more mileage in that economy: don't worry, it's not the last days of Rome just yet.

Cheers - C

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Ceri you are correct however its the politicians unwillingness to stop the spending and the give aways to those who do not pay taxes. It has to come to an end.

Sure - but that's your business and not for an outsider to stick his oar into.

But the AAA credit rating thing is about how the rest of the world sees you and therefore how much they charge you for your borrowing. Most developed economies have to borrow and yours is no different, so it matters.

About half of your borrowing comes from China, the rest from the rest of us. Right this moment the Chinese in particular are massively unimpressed by the shenanigans of your politicians and irksome as that may feel it counts because you need their lending, as well as their market for your exports.

Those, including some of your politicians, saying default and be damned need to be a heck of a lot less silly. Take a glance at the awful misery ordinary people in Greece are experiencing and think again.

The down side of your credit rating slipping is that you will all be paying higher interest rates, including your business and industry; and that is bad news. The up side is that the dollar will slide and contrary to what some seem to believe that will be a good thing for you because it will make imports more expensive so you will buy a little less, and exports more competitive - which is just what any economy needs.

It's not all black and white.

Cheers - C

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