The Return to the Debt Limit Apocolypse Thread

Started by The Minsky Moment, January 14, 2013, 03:07:37 PM

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MadImmortalMan

More short-term can-kicking coming.


Quote
Paul Ryan Confirms GOP Thinking About A Short-Term Debt-Ceiling Hike


In a briefing with reporters today at House Republicans' retreat in Williamsburg, Va., Rep. Paul Ryan said that the House GOP is discussing a possible "short-term debt limit extension," but that the "worst thing for the economy" would be a lift in the debt ceiling without any spending cuts.

Ryan suggested the lift in the debt ceiling could be extremely short, so that it could be addressed with another fiscal battle — the sequester — in March.

Ryan also urged President Barack Obama to prioritize payments under the debt limit to ensure there is no default on the country's obligations.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

crazy canuck

There was a comedy movie back in the 70s based on the premise that the US went broke. Wish I could remember the name of it.

Doesnt seem so funny now though.

CountDeMoney

Quote from: crazy canuck on January 17, 2013, 04:49:48 PM
There was a comedy movie back in the 70s based on the premise that the US went broke. Wish I could remember the name of it.

Doesnt seem so funny now though.

You talking about Americathon, where John Ritter was the President, and they have a telethon to raise money for the country so the Native American Indians don't foreclose and repossess it?

Don't even ask why that is occupying a part of my brain.

crazy canuck

Quote from: CountDeMoney on January 17, 2013, 05:10:36 PM
Quote from: crazy canuck on January 17, 2013, 04:49:48 PM
There was a comedy movie back in the 70s based on the premise that the US went broke. Wish I could remember the name of it.

Doesnt seem so funny now though.

You talking about Americathon, where John Ritter was the President, and they have a telethon to raise money for the country so the Native American Indians don't foreclose and repossess it?

Don't even ask why that is occupying a part of my brain.

You are a GOD!

CountDeMoney

I recall everything from the mid- to late-70s that was constantly regurgitated on HBO during its 16 hour programming day.

Ed Anger

Might as well watch Death Race 2000 afterwards.

Stay Alive...Let the Man Drive

Phillip V

Anybody read David Maraniss's biography on Obama: http://www.amazon.com/Barack-Obama-ebook/dp/B005GG0KZ8/

I very much enjoyed his bio on Bill Clinton, but this Obama bio seems to have some mixed reviews. I may wait a little bit longer since the book is still less than a year old.


Agelastus

Quote from: Phillip V on January 18, 2013, 07:30:43 AM
Anybody read David Maraniss's biography on Obama: http://www.amazon.com/Barack-Obama-ebook/dp/B005GG0KZ8/

I very much enjoyed his bio on Bill Clinton, but this Obama bio seems to have some mixed reviews. I may wait a little bit longer since the book is still less than a year old.



What a horrible choice of picture; I get strong vibes of the Joker from it.
"Come grow old with me
The Best is yet to be
The last of life for which the first was made."

derspiess

Quote from: Agelastus on January 18, 2013, 07:32:22 AM
What a horrible choice of picture; I get strong vibes of the Joker from it.

:huh:  It's just a younger Obama, which is appropriate since the book covers his earlier years.
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

Crazy_Ivan80

Quote from: Agelastus on January 18, 2013, 07:32:22 AM


What a horrible choice of picture; I get strong vibes of the Joker from it.

the joker would probably manage to solve the problem

Agelastus

Quote from: derspiess on January 18, 2013, 11:03:18 AM
Quote from: Agelastus on January 18, 2013, 07:32:22 AM
What a horrible choice of picture; I get strong vibes of the Joker from it.

:huh:  It's just a younger Obama, which is appropriate since the book covers his earlier years.

So the smile and the crease lines around it don't remind you of Jack Nicholson's Joker then? :hmm: I must be oversensitive, I guess.
"Come grow old with me
The Best is yet to be
The last of life for which the first was made."

derspiess

Quote from: Agelastus on January 18, 2013, 11:16:06 AM
So the smile and the crease lines around it don't remind you of Jack Nicholson's Joker then? :hmm: I must be oversensitive, I guess.

Well yeah, he's got a Joker-like smile, but it is what it is.
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

Sheilbh

How do you kick the debt ceiling can down the road? :mellow:
Let's bomb Russia!

Jacob

Quote from: Sheilbh on January 18, 2013, 06:15:12 PM
How do you kick the debt ceiling can down the road? :mellow:

You increase the limit a tiny bit, so you run up against the ceiling again in a few months?

crazy canuck

Quote from: Sheilbh on January 18, 2013, 06:15:12 PM
How do you kick the debt ceiling can down the road? :mellow:

Easy - combine two metaphors and Bob's your Uncle.