quote:

Originally posted by ronco:

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

You sound like the US Government

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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.

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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!

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

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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

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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.

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Originally posted by JTEX:

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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.

Chicken little gotta be chicken littles....

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Originally posted by jdollar:

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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.

Not so sure people on SS, veteran’s benefits, or the active duty military would agree with that. They depend on a check, not an IOU…

quote:

Originally posted by ledvm:

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Originally posted by JTEX:

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.

Chicken little gotta be chicken littles....

With Mike Jines it is: chicken shit gotta be the chicken shits……

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Originally posted by MJines:

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Originally posted by ledvm:

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Originally posted by JTEX:

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.

Chicken little gotta be chicken littles....

With Mike Jines it is: chicken shit gotta be the chicken shits……

I’m not calling you a liar but I am suggesting that a good bit of what you post reeks strongly of convenient embellishment.

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Originally posted by MJines:
. . . no time like the present and this thread . . .

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Originally posted by MJines:
. . . you don’t understand Doug, no one takes the prospect of a default serious. Even bank directors sit around the board table laughing about how the media and everyone else is making such a big deal over the prospect of a default. I bet the traders at the bank don’t even take the possibility of a default into account in taking trading positions.

Yeah the savvy ones position themselves to profit off of any panic but hedge on the future as they know nothing significant will linger from this.

It’s all a big joke for those with real-world business experience. It’s only the naive and uninformed that worry about the possibility and consequences of such a default. At least that’s what I understand from Lane.

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Originally posted by MJines:
Bank CEOs huddle with Schumer on the debt ceiling

I guess folks like Jamie Dimon (JP Morgan), Jane Fraser (Citigroup) and Brian Moynihan (Bank of America) are just not as smart as Lane and the directors of Bumfuck National Bank, they seem to take this whole default thing serious. Speaking of chickenshit, someone posting on this thread is full of it . . . Lane.

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Originally posted by MJines:
As usual . . . you know better than everyone else and have a rationalization for anything and everything. Truly you are full of shit. The good news is that I think at this point virtually everyone on AR understands that. Thankfully.

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Originally posted by ledvm:

quote:

Originally posted by MJines:
Bank CEOs huddle with Schumer on the debt ceiling

I guess folks like Jamie Dimon (JP Morgan), Jane Fraser (Citigroup) and Brian Moynihan (Bank of America) are just not as smart as Lane and the directors of Bumfuck National Bank, they seem to take this whole default thing serious. Speaking of chickenshit, someone posting on this thread is full of it . . . Lane.

No…you have the market cornered on being a chicken shit. You should write a book on it and finally be famous for something you are an expert on.

Those guys use the media to manipulate (in their favor)…promote panic (to their gain).

In the end…they know the US Gvt will remain solvent. And they will hedge with confidence in that knowledge.

Jamie Dimon is the King of making money off of adversity. The acquisition of SVB at a huge discount (good for him not knocking him) is a good example.

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Originally posted by skb:
Done deal, both extremes are disappointed so it likely is not a bad compromise.

“It's a wonderful deal when you have the extremes back in the minority,” Manchin said.

https://www.msn.com/en-us/news...01792904e1f8b3&ei=47

Score one for the middle, a rare glimpse of common sense.

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Originally posted by ledvm:

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Originally posted by skb:
Done deal, both extremes are disappointed so it likely is not a bad compromise.

“It's a wonderful deal when you have the extremes back in the minority,” Manchin said.

https://www.msn.com/en-us/news...01792904e1f8b3&ei=47

Score one for the middle, a rare glimpse of common sense.

Like I said…everyone knew it was going to happen.

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Originally posted by ledvm:
2 points on that:

1) Anyone downgrading the US credit rating is either stupid or trying to manipulate.
2) It had next to zero effect on anything economically in business. It was more of an act of trying to shame by liberals.

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Originally posted by skb:

quote:

Originally posted by ledvm:
2 points on that:

1) Anyone downgrading the US credit rating is either stupid or trying to manipulate.
2) It had next to zero effect on anything economically in business. It was more of an act of trying to shame by liberals.

Patently false. We came close to being in default,

We never came close to an actual default and until the USA ceases to remain a country it never will.

Negotiations on reductions in spending are healthy.

hence the downgrade.

It most certainly had an effect on everyone here in the States, it increased the cost of our payments on the deficit.

Is that meant as a joke???

Check sometime on the amount that increase actually was and compare that to the wanton increase actually gained since…voted in, signed sealed and delivered to us all. It is a drop in the bucket in comparison.

All the while you fretting over pennies and gripping about those trying to get us back within our means. Your logic boggles my mind.

quote:

Originally posted by ledvm:
And if you want more fact…check on the amount the credit rate increase on our debt actually cost us compared to the increase in debt voted in willfully thereafter.

Get back with me when you want to have that discussion.

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Originally posted by skb:
No joke, just that facts Ma'am.

The Freedom Caucus only cares about reducing spending when a Democrat is in the Whitehouse, proven time and again. The goal was not to reduce spending but rather an attempt to hobble the current administration as much as possible in hopes of gaining a political edge for the 2024 election cycle. Even a blind man can see that.

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:
No joke, just that facts Ma'am.

The Freedom Caucus only cares about reducing spending when a Democrat is in the Whitehouse, proven time and again. The goal was not to reduce spending but rather an attempt to hobble the current administration as much as possible in hopes of gaining a political edge for the 2024 election cycle. Even a blind man can see that.

Proven??? In your own mind perhaps.

Blindmen (named Steve) might see it that way…but fiscally conservative people with their eyes wide-open (which is less than half of the electorate and dwindling daily I will admit) welcome any attempt to reduce the wanton waste of money by our fiscally irresponsible government.

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:
And if you want more fact…check on the amount the credit rate increase on our debt actually cost us compared to the increase in debt voted in willfully thereafter.

Get back with me when you want to have that discussion.

You might consider adding the reduced revenue due to the tax cuts given to those least in need to the discussion as well.

Those cuts that were going to pay for themselves but didn't...

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:
No joke, just that facts Ma'am.

The Freedom Caucus only cares about reducing spending when a Democrat is in the Whitehouse, proven time and again. The goal was not to reduce spending but rather an attempt to hobble the current administration as much as possible in hopes of gaining a political edge for the 2024 election cycle. Even a blind man can see that.

Proven??? In your own mind perhaps.

Blindmen (named Steve) might see it that way…but fiscally conservative people with their eyes wide-open (which is less than half of the electorate and dwindling daily I will admit) welcome any attempt to reduce the wanton waste of money by our fiscally irresponsible government.

Then maybe a man with such keen insight as yourself could point out why the Freedom Caucus is quiet as a mouse when a Republican in seated in the Whitehouse but holds the world economy hostage when a Democratic is the POTUS?

Purely political grandstanding and nothing more.

The Freedom Caucus was happy to let Trump run up the deficit but all in the sudden now they want to be fiscally responsible.

quote:

Originally posted by ledvm:

quote:

Originally posted by skb:

quote:

Originally posted by ledvm:
And if you want more fact…check on the amount the credit rate increase on our debt actually cost us compared to the increase in debt voted in willfully thereafter.

Get back with me when you want to have that discussion.

You might consider adding the reduced revenue due to the tax cuts given to those least in need to the discussion as well.

Those cuts that were going to pay for themselves but didn't...

Spoken like a true socialist.

I personally like successful people to be able to keep and enjoy what they earn.

Trickle-down economics are the only real economics everything else is a form of socialism.