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Subject You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?

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[i]The debt ceiling is a different issue. If the debt ceiling is not raised, then the US Treasury can not make any more auctions of new debt, and so it can not account for the daily expenditures, and can not pay for the maturing debt.[/i]

WROOOOOOOOOONG. No debt ceiling = no deficit. That means you can pay interest on the debt but with taxes...

That means a 30-40% cut of the budget overnight.
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I think you are a little confused...

Let me explain it again: if the the debt ceiling is NOT raised, the US Treasury can not make any new auctions of new debt.

So, where the Treasury will get the money from, since the government has a deficit?

But if it's just a "shutdown" caused by the federal budget 2014 issue, the Treasury can STILL make auctions of new debt.

This "shutdown" is not a threat to the BANKERS, there is no risk of the US Treasury going to a DEFAULT because of this silly "shutdown".

The real risk for the BANKERS is the debt ceiling not being raised.
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The government makes money every day. Billions of dollars in fees and taxes. Kick the freeloaders off the tit, bring the troops home, stop financing illegal spying and gun running to terrorists, and cut a little pork barrel and suddenly the government doesn't need to borrow. It could live on what it actually brings in.
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You understand that the US Treasury has to redeem BILLIONS OF DOLLARS in maturing bonds and bills EVERY FUCKING DAY, right?

So, in a matter of 3 or 4 days, the Treasury may go on technical default, for not having the money to redeem the bills and bonds maturing on those days.

And a technical default of the US Treasury means DERIVATIVES DOOM, and the meltdown of the international financial system.
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Bull fucking shit.

The US brings in 2 trillion + in taxes every year. Interest on the debt is between 400-600 billion a year. Way enough money to pay for it.
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Original Message So, I guess everyone here understands that the "government shutdown" caused by the non-approval of the federal budget for fiscal year 2014 is not the same issue as the debt ceiling, right?

The "government shutdown" caused by the non-approval of the federal budget for fiscal year 2014 is not a real "shutdown".

It only makes the government going on "standy by", restricted to "essential services".

It's WAY LESS SERIOUS than the debt ceiling issue.

The debt ceiling is a different issue. If the debt ceiling is not raised, then the US Treasury can not make any more auctions of new debt, and so it can not account for the daily expenditures, and can not pay for the maturing debt.

It can lead the US Treasury to a DEFAULT, that is WAY MUCH MORE SERIOUS than a "government shutdown" that is not even a real shutdown.

So, forget the federal budget for fiscal year 2014 and the "government shutdown".

It's a smoke screen.

The real issue is the debt ceiling.

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