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Author Topic: Me Gridlock  (Read 5243 times)

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Pacobird

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Re: Me Gridlock
« Reply #60 on: October 08, 2013, 01:34:33 AM »

To say this particular falcon can no longer hear the falconer is self-parody at this point but if the U.S. defaults, the GOP will have cost me more money in 24 hours than they could have claimed to save me in ten years' worth of tax returns.
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Brentai

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Re: Me Gridlock
« Reply #61 on: October 08, 2013, 01:36:55 AM »

They'll have definitely annoyed a liberal though.
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Büge

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Re: Me Gridlock
« Reply #62 on: October 08, 2013, 04:34:59 AM »

I think if the US defaults, we'll have a lot more to worry about than partisan politics.
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TA

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Do you understand how terrifying the words “vibrating strap on” are for an asexual? That’s like saying “the holocaust” to a Jew.

Zaratustra

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Re: Me Gridlock
« Reply #64 on: October 08, 2013, 06:18:14 AM »

why did I read the comments

Pacobird

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Re: Me Gridlock
« Reply #65 on: October 08, 2013, 08:30:15 AM »

disaster tourism
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MarsDragon

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Re: Me Gridlock
« Reply #66 on: October 08, 2013, 12:05:48 PM »

I wonder how my libertarian family feels about the outbreak. I'm willing to bet it's not "oh shit I guess we need the government after all".
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Büge

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Re: Me Gridlock
« Reply #67 on: October 08, 2013, 01:08:25 PM »

I wonder how my libertarian family feels about the outbreak.

"Th-the free market will find a way to fix this problem!"
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Ted Belmont

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Re: Me Gridlock
« Reply #68 on: October 08, 2013, 01:42:19 PM »

Maybe this IS the free market's way of solving the problem!
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Mongrel

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Re: Me Gridlock
« Reply #69 on: October 08, 2013, 01:47:47 PM »

I bet you guys could buy a better government for like, $20 or so.
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Thad

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Re: Me Gridlock
« Reply #70 on: October 08, 2013, 03:24:14 PM »

Maybe this IS the free market's way of solving the problem!

Pretty much.

The free market is pretty good about weeding out companies that make products that kill people (addictive substances notwithstanding, of course).  It's just that they, you know, have to kill some people first.
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Mongrel

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Re: Me Gridlock
« Reply #71 on: October 08, 2013, 03:50:42 PM »

Man, the markets are sure putting on their happy face for now. I am not as sold on this not ending in default as some of the financial analysts are.

I mean, I do think there's a 90%-95% chance they'll cobble together something at the last minute, and 90% is good odds. But that's not the 99% pish-posh most analysts seem to be going with.

If I was in charge of a large organization that held significant US treasuries (yes, I know, hahaha), I would actually be asking for a staff guy to work up a contingency plan right now. Of course, depending on how the solvency tests kick in (in the event of a default, Treasury bills will technically, and in some cases legally, cease to exist as collateral for the banks, investment funds, etc. holding them), a contingency plan might be as useful as a toilet-paper SOS in a class-5 hurricane.
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Mongrel

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Re: Me Gridlock
« Reply #72 on: October 09, 2013, 02:51:22 AM »

Oh man!



















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Mongrel

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Mongrel

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Re: Me Gridlock
« Reply #74 on: October 09, 2013, 06:42:00 AM »

DEAR LAWYER FRIENDS! I have a question.

Okay, so no one really knows what will happen on Oct 17th, 2013. It's exciting! In much the same way as being thrown out of a plane separately from your parachute is exciting!

The US looks like it may soon enter a constitutional black hole. I don't pretend to know how SCOTUS will rule on any of the questions that have come up.

What I am wondering here is: How quickly is SCOTUS expected to rule on these questions? What do the emergency meet-in-a-big-fucking-hurry provisions for SCOTUS look like?
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Smiler

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Re: Me Gridlock
« Reply #75 on: October 09, 2013, 07:19:57 AM »

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Zaratustra

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Re: Me Gridlock
« Reply #76 on: October 09, 2013, 07:50:58 AM »

The options after the debt ceiling is hit, and why the government can't just pick sectors to default on:

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/25/debt-ceiling-doomsday-comes-oct-17-heres-what-happens-next/

Mongrel

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Re: Me Gridlock
« Reply #77 on: October 09, 2013, 08:14:50 AM »

My lawyer friends elsewhere kindly pointed out that almost all the constitutional crises in US history have been resolved by:

A) An agreement is reached in Congress that (usually) avoids answering the fundamental question of the crisis. Usually this is followed by an Amendment that puts a permanent patch in place.

B) "Of course, you realize this means war"

SCOTUS actually ruling on full-blown consitutional crises (as opposed to whether or not a given law is constitutional) is comparitively rare, I guess? I don't know?
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Pacobird

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Re: Me Gridlock
« Reply #78 on: October 10, 2013, 12:05:04 PM »

I would like to comment on that (mainly big Article I issues that show up before the supreme court tend to not be TERRIBLY sexy and so we don't hear about them as much as often as the stuff that can't wait for judiciary procedure) but nobody has ever been able to explain to me what exactly a constitutional crisis actually is.
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Ted Belmont

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Re: Me Gridlock
« Reply #79 on: October 10, 2013, 12:29:05 PM »

I think that's when George Washington, Benjamin Franklin, and Thomas Jefferson got together to brainwash Aaron Burr to stop him from dueling people.
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