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US shutdown: Political divisions take US to within 24
hours of debt ceiling deadline with no deal in place

Telegraph (UK), by Peter Foster and Raf Sanchez

Original Article

Posted By:FlyRight, 10/16/2013 7:05:19 AM

The US was scrambling to avert a potentially disastrous breach of its debt ceiling on Wednesday morning, after Republican attempts to table a deal collapsed in disarray overnight, leaving the prospects for a last-minute deal on a knife-edge. America´s divided political system now has just 24 hours to find a compromise to the budget stand-off between the White House and hardline Republicans, with the deadline to extend America´s borrowing limit falling due on Thursday. In a sign of plunging confidence in Washington on Wall Street, Fitch, a leading credit ratings agency announced that the US was now on a "negative watch"

      


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Reply 1 - Posted by: pgvoisin, 10/16/2013 7:10:58 AM     (No. 9567165)

Good!

You reap what you sow!

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Reply 2 - Posted by: ruready?, 10/16/2013 7:18:04 AM     (No. 9567173)

Just now on "Negative Watch"??? Just now you have plunging confidence??? With that kind of reaction time, how can they even begin to pose as financial rating experts???

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Reply 3 - Posted by: BeatleJeff, 10/16/2013 7:18:11 AM     (No. 9567174)

Time to push the juvenile name callers into a corner and call their bluff.

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Reply 4 - Posted by: krause, 10/16/2013 7:21:34 AM     (No. 9567179)

Shut it down. History will show Obama and Reid responsible for two downgrades. (Although I don´t think either will care.)

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Reply 5 - Posted by: beca, 10/16/2013 7:24:29 AM     (No. 9567188)

doesnt matter whether dingy and obozo care or not...downgrades are theirs....THEY WILL OWN IT.....obama can criticize repubs all he wants.........he is the president...UNFORTUNATELY...it is all his................

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Reply 6 - Posted by: quantumman, 10/16/2013 7:28:20 AM     (No. 9567193)

Shut it down, pay the interest on the debt and let the rest burn.

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Reply 7 - Posted by: Judith, 10/16/2013 7:28:20 AM     (No. 9567192)

I was watching fox last night, off and on, and they are salivating in glee that the Tea Party might get squashed. I didn´t think I could get any more revolted by our "news" media, but because I had hope for fox, they are making my stomach turn in a big way.
And then, to top it off, I heard the loon mccain raving on the floor of the senate. The Twilight Zone was a much more enjoyable, entertaining horror show than today´s reality.

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Reply 8 - Posted by: MOBeef4u, 10/16/2013 7:49:39 AM     (No. 9567221)

One part of the government that didn´t (never) shut down is the collection arm of the IRS. Those dollars keep flowing into the treasury at the rate of 200+ billion per month. Interest on the debt 20 billion. That we would default because the borrowing limit isn´t raised is another lie.
Also another barely mentioned story was the buying binge by all the departments that had money left at the end of the fiscal year and needed to spend it or have their budgets reduced for the coming year. And there is nowhere to cut and we need to borrow more???

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Reply 9 - Posted by: watashiyo, 10/16/2013 7:50:20 AM     (No. 9567223)

Please shut it down and allow the disasters sort things out.

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Reply 10 - Posted by: uno_thatguy, 10/16/2013 8:05:46 AM     (No. 9567254)

When the "sequestration" chunk of detritus was thrown in the pond, there wasn´t even a ripple. There is so much fraud, corruption and waste to draw on that it wasn´t even felt.

Same with the debt ceiling. Don´t even raise it. These miscreants in the House and the Senate won´t feel it anyway until we go to the polls.

So, Suck it Up! There´s $billion$ floating around just waiting to be scarfed up that otherwise will go into private bank accounts.

I repeat: Suck it Up!

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Reply 11 - Posted by: Hermoine, 10/16/2013 8:14:07 AM     (No. 9567263)

Ditto the comments made by #8. The default is a myth. Default and raising the debt ceiling are two TOTALLY DIFFERENT issue that have been collapsed into one issue. We can continue to pay interest on the debt regardless of whether or not we raise the debt ceiling. We simply cannot continue to borrow more in order to spend more.

Now, on a separate issue -- where the hell is Reince Priebus? We are now on week 3 -- there should be ads running in every media market SHOWING Reid and Obama in 2006 voting against a raise of the debt ceiling and their DIRE warnings about stealing from our children. We lose the ground war because we aren´t getting our side out and we KNOW that the media isn´t going to get it out, so we have to produce our own ads and get it out ourselves!!!

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Reply 12 - Posted by: dodge boy, 10/16/2013 8:18:13 AM     (No. 9567270)

This made-up October 17th debt ceiling deadline that Lew keeps pushing is a bunch of garbage and completely fake.

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Reply 13 - Posted by: chillijilli, 10/16/2013 8:24:10 AM     (No. 9567282)

Hurry! Time is running out! So expect Obama to issue an executive order officially setting the calendar back 6 months to avoid default. It can be APR here and OCT everywhere else. How easy is that? Fits in with printing hollow money, reset buttons and smoke and mirrors in our American House of Cards. /s

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Reply 14 - Posted by: Me?Opinionated?Nah!, 10/16/2013 8:25:05 AM     (No. 9567283)

A Series of Theories

I don’t’ know about you, but when conjecture, presumption, hypothesis and speculation come tumbling in from all directions to our national psyche and I begin hopelessly babbling to myself, I go to my go-to guy, Mark Levin. I trust him as far as I can throw him and multi-kilometers beyond. The fearless, redoubtable Mark Levin, America’s radio talk show host who really and truly knows whereof he speaks.


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Reply 15 - Posted by: doctorfixit, 10/16/2013 8:35:54 AM     (No. 9567307)

Watch as nothing happens when the magical ceiling is reached. The balloon will just keep going up up up.

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Reply 16 - Posted by: melman, 10/16/2013 8:38:28 AM     (No. 9567314)

Who in thier right mind would loan someone money if they say as Obama has; Loan us more money or we won´t pay you what we already owe you. What a Ponzi scheme...

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Reply 17 - Posted by: lifelonghuman, 10/16/2013 8:39:53 AM     (No. 9567321)

What will be will be.

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Reply 18 - Posted by: Udanja99, 10/16/2013 9:00:26 AM     (No. 9567346)

The ONLY way that the US would default is if zippy refused to authorize the payment on the interest. That is an impeachable offense, not that he would care. There is absolutely no excuse for him doing that, except to further the destruction of America, and he would own it. It might not effect him personally but it should have major repercussions in the elections next year.

But conservatives need to be shouting it from the rooftops. Sarah talked about it yesterday on Hannity and every other conservative pundit in the media should be saying it as well.

BTW, apparently Sheila Jackson Lee, that fountain of wisdom, is calling for martial law.

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Reply 19 - Posted by: Rinktum, 10/16/2013 9:10:48 AM     (No. 9567356)

Government by crisis is never good but it is becoming the norm in Washington. You´d think they never saw this coming. Unfortunately, we expect the people who created this mess to fix it, and they have no desire to put an end to their gravy train.

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Reply 20 - Posted by: JAN, 10/16/2013 9:20:25 AM     (No. 9567371)

More lies and fearmongering.

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Reply 21 - Posted by: chicodon, 10/16/2013 9:38:03 AM     (No. 9567401)

The official WH position is that we must increase the debt limit immediately so we can borrow the money to pay our debts. Honestly that is what Carney said. We are 17 trillion in the hole now and it´s getting worse. This is the same mentality that caused the 2008 crash.

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Reply 22 - Posted by: F16 guy, 10/16/2013 9:50:36 AM     (No. 9567417)


I have the perfect solution to solving such negotiating dilemma´s in the future when the gov´t is shut down:

1. Those in Congress do NOT get paid, and it is NOT retroactive.

2. They are all prohibited from wearing pants or skirts during the shutdown.

That would settle things very quickly !

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Reply 23 - Posted by: jglas, 10/16/2013 10:09:14 AM     (No. 9567460)

I can´t think of a better way to force spending cuts than to refuse to raise the debt ceiling. There will be no default. Maybe the the left wing rating agency will lower US bonds ratings. Big Whoop! It´s worth it to get spending under control. Shut Obama down. Go for it! It´s way better than the sequester.

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Reply 24 - Posted by: nevernaught, 10/16/2013 10:14:06 AM     (No. 9567472)

In the long view of this era, Obama and the Democrats will be blamed for the destruction of our free society as we know it. The real lesson in all of this chaos is never, never compromise your principles.

The good folks of the Tea Party know this, and they are a bastion of common sense in the House of Representatives. The Senate, and I mean both parties, on the other hand is comprised of a den of thieves and turncoats who would barter away your future and freedom, just to get along.

The so called debt ceiling deadline indicates nothing more than the government continued to overspend when cuts in the welfare state were needed. Raising the ceiling does nothing more than to approve the continued destruction of our economy.

Community Organizers and socialists are the bane of a free society. Throw the bums out!

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Reply 25 - Posted by: Franz, 10/16/2013 11:03:44 AM     (No. 9567595)

I am so tired of hearing the "de-fund Obamacare" crowd talking about standing on "principle." De-funding is just another way of killing Obamacare which was attempted and failed 46 times before.

Picking a fight that is impossible to win is not principled, it´s stupid! It distracted from and undercut the fight to bring deficit spending under control. Most Americans want deficit spending brought under control while most Americans were undecided about Obamacare because they were still trying to understand it.

The recent public resistance to Obamacare is due to the roll-out mess that is Obamacare. The de-fund Obamacare crowd had nothing to do with it.

If the de-fund crowd keeps this up, the sequester (which has resulted in true deficit spending reduction) will not only be delayed but could be eliminated!



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Reply 26 - Posted by: Felixcat, 10/16/2013 11:07:11 AM     (No. 9567605)

Did anyone catch Sean Hannity´s show last night? Another one with an audience mix of political commentators. To sum up the whole mess and how the Tea Party (and We The People) are going to be thrown on the altar of political convenience and demagoguery by the RNC and the White House and Reid is Jehmu´s comment at the end of the show: We won and that´s just how it is.

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Reply 27 - Posted by: OdinsAcolyte, 10/16/2013 11:32:21 AM     (No. 9567653)

Yada yada yada. Close it.

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Reply 28 - Posted by: bmw50, 10/16/2013 11:47:54 AM     (No. 9567683)

GO INTO DEFAULT! It will force the Demorats to curve their "buying votes with the public treasury" practices and start paying for necessities, the military and pay the debt instead of adding to it.

Democrats would never get elected if they couldn´t buy votes with taxpayer/debt raising programs like entitlements, food stamps, welfare, subsidies and grants. They have destroyed this nation with trillions of debt, a healthcare program nobody can afford and attempts at “fairness” and “equality” that is not fair and makes nobody equal; it has run amok. The wealthy are wealthier than ever while more people are on food stamps, welfare and subsidies. The working class is being strangled out of existence... And the people keep voting for these losers!!!! WAKE UP!


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Reply 29 - Posted by: peterfleming, 10/16/2013 11:58:29 AM     (No. 9567698)

Look at it this way: the plumbing in our house is not working, it’s backing up, and excrement is filling up in the house and rising non stop because of no checks and balance, NO CONTROL ! How do we solve it? We raise the roof of the ceiling so it can pile up even more. We don’t stop the raising up of the excrement. Is this insanity or what ? We want to raise the ceiling so it can KEEP PILING UP. It IS INSANITY. Each violating member of Congress
EACH AND EVERY ONE is insanely irresponsible
for not screaming from the roof tops 24/7
of this total fiscal insanity. ALL of THEM.


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Reply 30 - Posted by: Butch59, 10/16/2013 12:01:57 PM     (No. 9567706)

How long does one think that the average citizen would last if he/her had several credit cards and every month that the bill came due on the one with the highest debt on it, that they just borrowed enough money on another credit card just to pay the INTEREST on the other card? just how long could that exist? And how long would the banks be willing to continue increasing their borrowing rate? Is the US any different? I know all about the trust and faith of the government, but there is going to come a time that nobody is going to buy US bonds simply because they have become worthless. All of this is simply a Ponzi scheme at there are some of us that realize it. Of course, I keep hearing about how the pubies are about to cave in on all of these "negotiations". As I and everyone else knew they would.

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Reply 31 - Posted by: gwmcclintok, 10/16/2013 12:05:22 PM     (No. 9567713)

Once the cowards in the Senate finish with their deals....Obama will delay the individual mandate for a year and make fools out of the republicans....the repukeakins.

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Reply 32 - Posted by: Coy860, 10/16/2013 12:32:51 PM     (No. 9567769)

I would like an audit showing WHERE the current monthly revenue of 250-300 billion a month that comes in is going. Paying the current bills is about 50 billion a month.
Social security cannot be stopped without violating the LAW. (more comes in than goes out each month in ss) at least until 2038.


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Reply 33 - Posted by: JediJerry, 10/16/2013 12:43:52 PM     (No. 9567793)

I can not live my life on borrowed money. Sure it will last a while, but at some point my ability to pay it off or break even with my minimum monthly payments becomes an impossibility. The government is no different.
The day of impossibility will soon arrive for Dear Leader and Crime Inc. But he will be long gone and on the beach in Hawaii playing golf.


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Reply 34 - Posted by: P51DMustang, 10/16/2013 2:07:36 PM     (No. 9567954)

The GOP has given Jug Ears many opportunities to fix these issues, and he has chosen to insight riots and fear with the people and in the financial markets.

His folly is an impeachable offense. His ineptness does not an emergency create on our part. Let Obama drink swill.

Let’s leave it at that.

No matter what the party, they all need to know the American People are done with them, and their Constitutional Crisis.

It appears we have reached a point in our history where this government must be dissolved; we have no way to repay $17 trillion in debt, it is not possible.



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Reply 35 - Posted by: BorninOKC, 10/16/2013 4:28:21 PM     (No. 9568207)

One supposes that boner - oops Boehner - and the other so called republican leaders have districts that will ensure them lifetime jobs.

Good for them.

I can´t see much reason to vote for smyone with that political tag again, or to vote at all.



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Reply 36 - Posted by: artlover, 10/16/2013 10:04:28 PM     (No. 9568649)

The reason we are in this mess is because 3 million Republicans stayed home and would not vote for Romney. I think Boerner and SOME Republicans tried to change things, but remember they are up against a very slick Chicago mafia and they know how to do things that no sane person would ever even think of. We have been worked over by the mafia type and we don´t know how to even begin to know how to beat Obama and his cronies.....

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US Magazine, by Rachel McRady    Original Article
Posted By: Scottyboy- 4/10/2014 7:59:06 PM     Post Reply
Barack Obama got quite the handful on Thursday, April 10, but it was all for a good cause! As the President of the United States was boarding Air Force One with his wife Michelle Obama, a gust of wind blew up her skirt. Barack quickly stepped in and grabbed the First Lady´s billowing skirt to help her avoid a wardrobe malfunction and embarrassing Marilyn Monroe moment. Earlier in the week, another famous lady on the global stage suffered a similar snafu, but no one was around to help her -- not even her prince!

Michelle Obama´s Food Program
Is Non-Nutritious Waste Of Money

32 replie(s)
Investor´s Business Daily, by Editorial    Original Article
Posted By: PageTurner- 4/10/2014 2:35:20 PM     Post Reply
Big Government: As students flood Twitter with images of inedible slop, it´s clear that Michelle Obama´s government school lunch revamp is a costly failure. It´s time to get the feds out of kids´ lunch boxes. The $12 billion federal student lunch program, which serves 30.7 million kids, is losing participants fast — more than a million just last year, according to a recent Government Accountability Office report. The reason: the first lady´s Healthy Hunger-free Kids Act, an act that has accomplished exactly the opposite of what it claimed it would — leaving hungry, angry, disgusted kids and dumpsters full of wasted

Sunk: Climate change threatens to
flood world´s largest Navy base
warns Gov. Terry McAuliffe

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Washington Examiner, by Paul Bedard    Original Article
Posted By: KarenJ1- 4/11/2014 4:08:01 PM     Post Reply
Recently elected Democratic Virginia Gov. Terry McAuliffe is warning that global warming could raise sea levels high enough to flood the Hampton Roads region, home to the world´s largest naval base, without immediate and “smart decisions.” Addressing an environmental summit this week at the Virginia Military Institute in Lexington, Va., McAuliffe embraced climate change, blamed humans for causing it, and said action is needed now to protect Virginia´s coast from rising ocean levels that will result from global warming. “The first big decision of course is to accept that climate change is real,” he told the group. “I happen to believe in

Stephen Colbert to replace Letterman
26 replie(s)
Entertainment Magazine, by James Hibbard    Original Article
Posted By: drive- 4/10/2014 12:10:39 PM     Post Reply
Official: Stephen Colbert is the new host of CBS’ Late Show. Release: The CBS Television Network today announced that Stephen Colbert, the host, writer and executive producer of the Emmy and Peabody Award-winning “The Colbert Report,” will succeed David Letterman as the host of THE LATE SHOW, effective when Mr. Letterman retires from the broadcast. The five-year agreement between CBS and Colbert was announced by Leslie Moonves, President and CEO, CBS Corporation, and Nina Tassler, Chairman of CBS Entertainment. Letterman, the legendary, critically acclaimed host of the CBS late night series for 21 years, announced his retirement on his April 3 broadcast. Colbert’s

Global solar dominance in sight
as science trumps fossil fuels

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Telegraph [UK], by Ambrose Evans-Pritchard    Original Article
Posted By: Attercliffe- 4/10/2014 6:08:54 PM     Post Reply
Solar power has won the global argument. Photovoltaic energy is already so cheap that it competes with oil, diesel and liquefied natural gas in much of Asia without subsidies. Roughly 29pc of electricity capacity added in America last year came from solar, rising to 100pc even in Massachusetts and Vermont.[Snip] The technology is improving so fast--helped by the US military--that it has achieved a virtous circle. Michael Parker and Flora Chang, at Sanford Bernstein, say we entering a new order of "global energy deflation" that must ineluctably erode the viability of oil, gas and the fossil fuel nexus over time.

The IRS Scandal Comes Into Focus
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Wall Street Journal, by Kimberley A. Strassel    Original Article
Posted By: Pluperfect- 4/11/2014 6:33:53 AM     Post Reply
Nearly a year into the IRS scandal, we still don´t know exactly what happened—though we are finally getting an inkling. That´s thanks to the letter House Ways and Means Chairman Dave Camp sent this week to the Justice Department recommending a criminal probe of Lois Lerner. The average citizen might be dizzied by the torrent of confusing terms—BOLO lists, Tigta, 501(c)(4)—and the array of accusations that have made up this IRS investigation. Mr. Camp´s letter takes a step back to remind us why this matters, even as it provides compelling new information that goes to motive and method—and clarifies some of

Jeb Bush defends ‘act of love’
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Politico, by Maggie Haberman    Original Article
Posted By: KarenJ1- 4/11/2014 12:53:18 PM     Post Reply
STAMFORD, Conn. — Jeb Bush defended his controversial comments about immigration reform, insisting they were nothing new for him and urging “sensitivity to the immigrant experience.” At a Connecticut Republican party dinner Thursday night, the former Republican governor of Florida did not repeat his remarks from last weekend at his father’s presidential library, when he said that people who come to the United States illegally in search of a better life for their children “broke the law, but it’s not a felony. It’s an act of love.” This time the potential 2016 candidate put it differently. “To be young and

Pelosi: Immigration law
like internment of Japanese

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Daily Caller, by Neil Munro    Original Article
Posted By: KarenJ1- 4/10/2014 3:42:16 PM     Post Reply
The deportation of foreigners living illegally in the United States is similar to the forced internment of ethnic-Japanese Americans in World War II, according to Democratic Leader Nancy Pelosi. “I’ll be very honest with you: Looking at the numbers at some point, in terms of how people are treated and deported and families separated and the rest, this has a scent of Japanese internment,” Pelosi told a Politico reporter. “It’s really a black mark,” said Pelosi. Roughly 110,000 ethnic-Japanese immigrants and their American children were detained during World War II after Japan’s sneak attack on Americans in Pearl Harbor. Pelosi also urged Obama

Obama´s politicized, lawless executive branch
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Washington Examiner, by David Limbaugh    Original Article
Posted By: KarenJ1- 4/10/2014 4:29:52 PM     Post Reply
Under the administration of President Obama, as never before in my lifetime, there is reason to be a bit afraid of the federal government. I have written two books documenting Obama´s abuses of power, his assaults on the Constitution, his wars against business and energy, his abominably reckless spending, his divisiveness, his renegade Justice Department, his regulatory expansion, his executive orders, his overall lawlessness, and more. Obama´s conduct concerning Obamacare alone would be enough to get the impeachment wheels rolling for any other president. His flagrant, deliberate lies regarding almost every aspect of that


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