quote:

Originally posted by bluefish:
We should have a balanced budget for starters.

quote:

Originally posted by Mike Mitchell:
I'm curious about how many here support the Freedom Caucus and think the US should default on it's debt?

quote:

Originally posted by Mike Mitchell:
So. Lane?

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

quote:

Originally posted by theback40:
The CBO has said we wouldnt run out of money until Oct 1. So the magic date of default they are talking about has plenty of wiggle room for negotiations.

quote:

Originally posted by skb:

quote:

Originally posted by theback40:
The CBO has said we wouldnt run out of money until Oct 1. So the magic date of default they are talking about has plenty of wiggle room for negotiations.

We did not hit the default date the last time either, yet our credit rating took a hit.

It reminds me of that old saying: Play stupid games, win stupid prizes.

quote:

Originally posted by tomahawker:
Any business, organization, agency, etc. has well established recourse when facing insolvency. I for one would love to see this. Let’s start with no bonuses. And on to lay offs, furloughs, pay cuts, wouldn’t that be refreshing. Make the difficult decisions and take responsibility. We’re still playing kick the can. The media should shout this out loud every morning and evening. 4% pay cuts across the board, everyone. You want to bring both parties together, find some common ground? Have these bureaucrats eat their own shit sandwiches just once. They’ve certainly demonstrated they are not deserving of their pay. How bout a 5 year moratorium on buying new vehicles? The federal government is a monster and opportunities to shore up spending are near limitless. They never entertain them. There’s more than one way to skin a cat, the answer has never been print more money.

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

quote:

Originally posted by theback40:
The CBO has said we wouldnt run out of money until Oct 1. So the magic date of default they are talking about has plenty of wiggle room for negotiations.

quote:

Originally posted by MJines:

quote:

Originally posted by skb:

quote:

Originally posted by theback40:
The CBO has said we wouldnt run out of money until Oct 1. So the magic date of default they are talking about has plenty of wiggle room for negotiations.

We did not hit the default date the last time either, yet our credit rating took a hit.

It reminds me of that old saying: Play stupid games, win stupid prizes.

It's a pity that you obviously know nothing about business. Everyone knows that your credit rating really has no impact on your borrowing costs. The credit rating agencies just do ratings for the hell of it, it's a form of entertainment. Next time check your facts first with a "real-world" businessman . . . .

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

I deal in millions of dollars and in both foreign and domestic markets. These negotiations have NEVER made a dime’s worth of difference in the bottom line for my companies. Taxes on the other hand…

quote:

Originally posted by skb:

quote:

Originally posted by tomahawker:
Any business, organization, agency, etc. has well established recourse when facing insolvency. I for one would love to see this. Let’s start with no bonuses. And on to lay offs, furloughs, pay cuts, wouldn’t that be refreshing. Make the difficult decisions and take responsibility. We’re still playing kick the can. The media should shout this out loud every morning and evening. 4% pay cuts across the board, everyone. You want to bring both parties together, find some common ground? Have these bureaucrats eat their own shit sandwiches just once. They’ve certainly demonstrated they are not deserving of their pay. How bout a 5 year moratorium on buying new vehicles? The federal government is a monster and opportunities to shore up spending are near limitless. They never entertain them. There’s more than one way to skin a cat, the answer has never been print more money.

The top tax bracket has received a 47% rate reduction on the income tax they pay since 1980, that might play into the equation a little bit.

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by tomahawker:
Any business, organization, agency, etc. has well established recourse when facing insolvency. I for one would love to see this. Let’s start with no bonuses. And on to lay offs, furloughs, pay cuts, wouldn’t that be refreshing. Make the difficult decisions and take responsibility. We’re still playing kick the can. The media should shout this out loud every morning and evening. 4% pay cuts across the board, everyone. You want to bring both parties together, find some common ground? Have these bureaucrats eat their own shit sandwiches just once. They’ve certainly demonstrated they are not deserving of their pay. How bout a 5 year moratorium on buying new vehicles? The federal government is a monster and opportunities to shore up spending are near limitless. They never entertain them. There’s more than one way to skin a cat, the answer has never been print more money.

The top tax bracket has received a 47% rate reduction on the income tax they pay since 1980, that might play into the equation a little bit.

And they still account for >95% of the revenue.

In 1980 I had a passbook savings account I used for profit made on cattle sales. It drew 19% for a while!

quote:

Originally posted by Saeed:
Get the rid of the 13% of the population who are totally useless.

The 42 millions on food stamps!

Can you believe it!

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

I deal in millions of dollars and in both foreign and domestic markets. These negotiations have NEVER made a dime’s worth of difference in the bottom line for my companies. Taxes on the other hand…

total

Anyone who deals internationally deals with changing exchange rates and the effects of the debt ceiling negotiations as well as the US credit rating.

Come on over to the real world Lane where these things matter

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

I deal in millions of dollars and in both foreign and domestic markets. These negotiations have NEVER made a dime’s worth of difference in the bottom line for my companies. Taxes on the other hand…

total

Anyone who deals internationally deals with changing exchange rates and the effects of the debt ceiling negotiations as well as the US credit rating.

Come on over to the real world Lane where these things matter

You haven’t a clue. The scary part is that you believe you do!

I sit on the board of a bank and we chuckle in meetings over the hoopla that the press makes over this.

In the end…a deal will be done. Plenty of time to negotiate. These threats of the sky falling tomorrow are a joke. Spending needs to be reined in. Hold their feet to the fire Freedom Caucus.

quote:

Originally posted by ledvm:

In 1980 I had a passbook savings account I used for profit made on cattle sales. It drew 19% for a while!

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

I deal in millions of dollars and in both foreign and domestic markets. These negotiations have NEVER made a dime’s worth of difference in the bottom line for my companies. Taxes on the other hand…

total

Anyone who deals internationally deals with changing exchange rates and the effects of the debt ceiling negotiations as well as the US credit rating.

Come on over to the real world Lane where these things matter

You haven’t a clue. The scary part is that you believe you do!

I sit on the board of a bank and we chuckle in meetings over the hoopla that the press makes over this.

In the end…a deal will be done. Plenty of time to negotiate. These threats of the sky falling tomorrow are a joke. Spending needs to be reined in. Hold their feet to the fire Freedom Caucus.

An ever useful idiot.....we have seen the results in the not so distant past of your Freedom Caucus games, it didn't end well then for the GOP and will not end well for them this time.

The scary part is that you are so removed from reality

quote:

Originally posted by skb:

quote:

Originally posted by Saeed:
Get the rid of the 13% of the population who are totally useless.

The 42 millions on food stamps!

Can you believe it!

Those evil poor people. What a shame they were not born into "Royalty"

On the other hand, it is difficult getting a job as a Prince here in the States.

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by Mike Mitchell:
So. Lane?

Of course our government must pay its bills and will.

However, we are a loonnngggg way away from not being able to pay our bills or default. Thus, I see nothing wrong with negotiating for more spending cuts.

If I ran my businesses in the manner the US Gvt does…my bankers would laugh at me asking.

The Gvt must get back to living within its means “if” we are to continue to survive.

I have conducted business through a few of these negotiation periods. They never actually affect anything in the real world much at all and nothing long-term.

I believe the people are on the side of the house getting as much cut as it can this time.

Oh how soon they forget:

https://sgp.fas.org/crs/misc/R41955.pdf

The US had its credit rating downgraded and our Government paid higher interest on its loans the last time the GOP played these stupid games.

It most certainly affected the real world.

Shows how little business you actually conduct in the real-world.

Ah yes.....denial, not just a river in Egypt is it?

Having just sent several hundred thousand dollars overseas for the purchase of inventory and enjoyed the poor exchange rates since the debt ceiling controversy began, which cost me thousands of dollars in profit, I most certainly live in the real world and have felt the effects of the GOP games in my own accounts. Happy to say the wire I sent out this morning had a much better exchange rate than the ones that went out a few weeks prior.

Come on over to the real world Lane where these games have a real effect on your actual bottom line.

I deal in millions of dollars and in both foreign and domestic markets. These negotiations have NEVER made a dime’s worth of difference in the bottom line for my companies. Taxes on the other hand…

total

Anyone who deals internationally deals with changing exchange rates and the effects of the debt ceiling negotiations as well as the US credit rating.

Come on over to the real world Lane where these things matter

You haven’t a clue. The scary part is that you believe you do!

I sit on the board of a bank and we chuckle in meetings over the hoopla that the press makes over this.

In the end…a deal will be done. Plenty of time to negotiate. These threats of the sky falling tomorrow are a joke. Spending needs to be reined in. Hold their feet to the fire Freedom Caucus.

quote:

Originally posted by MJines:
If the story about bank directors is true, which I sincerely doubt, just be glad you are not an investor in that bank. Responsible bank directors are not going to sit around yucking it up over a potential US default.

quote:

Originally posted by Grizzly Adams1:
So, I have a horrendous amount of debt and I've been increasing it by perpetual borrowing for expenses I've incurred and to pay the interest on past borrowing. Now I need to borrow some more to keep me afloat and I'll probably have to do that again. Anyone suggest a bank that would float me a loan ?

Grizz

quote:

Originally posted by MJines:
If the story about bank directors is true, which I sincerely doubt, just be glad you are not an investor in that bank. Responsible bank directors are not going to sit around yucking it up over a potential US default.

quote:

Originally posted by ledvm:
And right now…the people are on the side of the Republicans.

quote:

Originally posted by Grizzly Adams1:
So, I have a horrendous amount of debt and I've been increasing it by perpetual borrowing for expenses I've incurred and to pay the interest on past borrowing. Now I need to borrow some more to keep me afloat and I'll probably have to do that again. Anyone suggest a bank that would float me a loan ?

Grizz

quote:

Originally posted by ledvm:

quote:

Originally posted by MJines:
If the story about bank directors is true, which I sincerely doubt, just be glad you are not an investor in that bank. Responsible bank directors are not going to sit around yucking it up over a potential US default.

Are you calling me a liar Mike?

If I posted…it is a fact.

The US is not going to default. EVERYONE knows that. We have PLENTY of time for negotiations. EVERYONE who understands knows that.

What I said was: We joke about hope the media hypes it up…like there is a real risk here of it happening. There is not. A deal will be reached. And right now…the people are on the side of the Republicans.