Desipio Message Board

Quote from: Chuck to Chuck on August 05, 2011, 08:40:25 PM
One of the reasons that the US and many other sovereigns have been able to maintain AAA ratings is that governments have the ability to raise taxes if hey need to raise revenue.  Given that on branch of the legislature has a majority that refuses to do that, the borrowing costs for the US government have now gone up. This means that we now have increased the deferred tax on future generations (debt) by capitalizing today's current interest.

Interest that is higher than it should be.

30 years of irresponsible government coming home to roost.

Something d-o-o economics.  Anyone?  Anyone?

Quote from: morpheus on August 05, 2011, 09:20:02 PM
http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text

QuoteRepublicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

Sounds pretty evenhanded to me.  Doesn't seem like S&P played around back there behind either side.

QuotePresenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself.

Quote from: morpheus on August 05, 2011, 10:09:04 PM

Quote from: morpheus on August 05, 2011, 09:20:02 PM
http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text

QuoteRepublicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

Sounds pretty evenhanded to me.  Doesn't seem like S&P played around back there behind either side.

http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ

QuotePresenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself.

Quote from: morpheus on August 05, 2011, 10:09:04 PM

Quote from: morpheus on August 05, 2011, 09:20:02 PM
http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text

QuoteRepublicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

Sounds pretty evenhanded to me.  Doesn't seem like S&P played around back there behind either side.

http://www.zerohedge.com/news/joint-statement-fed-fdic-ncua-occ

QuotePresenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself.

QuoteStandard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction–independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners–lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'.

QuoteQuinn blocks law letting people collect roadkill

SPRINGFIELD, Ill.— Forget about squirrel stew or a nice coyote-fur coat. Gov. Pat Quinn has vetoed legislation letting people collect animals killed along Illinois roads.

In his veto message Friday, Quinn said he was worried about the safety of drivers who stop to pick up roadkill. He encouraged lawmakers to come up with a version that includes safety measures.

The legislation said that if people have the proper permits and licenses, they could collect any furbearing mammal found during the appropriate hunting season.

People could do whatever they please with the carcasses, whether it's skin them for their hides or add them to a rustic stew.

Even without the legislation, people are allowed to collect deer killed by vehicles.

Quote from: J. Walter Weatherman on August 06, 2011, 12:53:57 PM

Quote
People could do whatever they please with the carcasses, whether it's skin them for their hides or add them to a rustic stew.

Quote from: Wheezer on August 06, 2011, 01:09:35 PM

Quote from: J. Walter Weatherman on August 06, 2011, 12:53:57 PM

Quote
People could do whatever they please with the carcasses, whether it's skin them for their hides or add them to a rustic stew.

Prion Disease, It's What's for Dinner.

Quote from: flannj on August 06, 2011, 01:56:53 PM

Quote from: Wheezer on August 06, 2011, 01:09:35 PM

Quote from: J. Walter Weatherman on August 06, 2011, 12:53:57 PM

Quote
People could do whatever they please with the carcasses, whether it's skin them for their hides or add them to a rustic stew.

Prion Disease, It's What's for Dinner.

But the brain, spinal cord, eyes, spleen, tonsils, and lymph nodes are the best parts!

Quote from: Wheezer on August 06, 2011, 03:11:08 PM
DPD. Only now I learn that Westboro was picketing "The Response"?

QuoteThe president is fond of referring to "the arc of history," paraphrasing the Rev. Dr. Martin Luther King Jr.'s famous statement that "the arc of the moral universe is long, but it bends toward justice." But with his deep-seated aversion to conflict and his profound failure to understand bully dynamics — in which conciliation is always the wrong course of action, because bullies perceive it as weakness and just punch harder the next time — he has broken that arc and has likely bent it backward for at least a generation.

QuoteIn contrast, when faced with the greatest economic crisis, the greatest levels of economic inequality, and the greatest levels of corporate influence on politics since the Depression, Barack Obama stared into the eyes of history and chose to avert his gaze.

QuoteLike most Americans, at this point, I have no idea what Barack Obama — and by extension the party he leads — believes on virtually any issue. The president tells us he prefers a "balanced" approach to deficit reduction, one that weds "revenue enhancements" (a weak way of describing popular taxes on the rich and big corporations that are evading them) with "entitlement cuts" (an equally poor choice of words that implies that people who've worked their whole lives are looking for handouts). But the law he just signed includes only the cuts. This pattern of presenting inconsistent positions with no apparent recognition of their incoherence is another hallmark of this president's storytelling. He announces in a speech on energy and climate change that we need to expand offshore oil drilling and coal production — two methods of obtaining fuels that contribute to the extreme weather Americans are now seeing. He supports a health care law that will use Medicaid to insure about 15 million more Americans and then endorses a budget plan that, through cuts to state budgets, will most likely decimate Medicaid and other essential programs for children, senior citizens and people who are vulnerable by virtue of disabilities or an economy that is getting weaker by the day. He gives a major speech on immigration reform after deporting a million immigrants in two years, breaking up families at a pace George W. Bush could never rival in all his years as president.

QuoteThe real conundrum is why the president seems so compelled to take both sides of every issue, encouraging voters to project whatever they want on him, and hoping they won't realize which hand is holding the rabbit. That a large section of the country views him as a socialist while many in his own party are concluding that he does not share their values speaks volumes — but not the volumes his advisers are selling: that if you make both the right and left mad, you must be doing something right.

Quote from: Wheezer on August 06, 2011, 02:39:32 PM

Quote from: flannj on August 06, 2011, 01:56:53 PM

Quote from: Wheezer on August 06, 2011, 01:09:35 PM

Quote from: J. Walter Weatherman on August 06, 2011, 12:53:57 PM

Quote
People could do whatever they please with the carcasses, whether it's skin them for their hides or add them to a rustic stew.

Prion Disease, It's What's for Dinner.

But the brain, spinal cord, eyes, spleen, tonsils, and lymph nodes are the best parts!

We saved the gid hanasheh just for you!

Quote from: J. Walter Weatherman on August 08, 2011, 09:26:13 PM
This has got to be like porn to Fork...

http://www.adweek.com/news/advertising-branding/how-bad-news-corp-133928