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

 
regulator
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09/27/2013 04:37 PM
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You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.
Anonymous Coward (OP)
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09/27/2013 04:39 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Why people confuse the two issues?


It's so easy to understand that those are two completely unrelated issues...
Anonymous Coward
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09/27/2013 04:40 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.


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.
Anonymous Coward
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09/27/2013 04:41 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Raising the debt ceiling = paying interest on the debt with more debt since there's no way these fucks in congress will cut the budget before it all blows up.

The only way to force them to do so would be no debt ceiling increase.
Anonymous Coward (OP)
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09/27/2013 04:44 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.


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.
 Quoting: Anonymous Coward 47298356




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.
Anonymous Coward (OP)
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09/27/2013 04:45 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Raising the debt ceiling = paying interest on the debt with more debt since there's no way these fucks in congress will cut the budget before it all blows up.

The only way to force them to do so would be no debt ceiling increase.
 Quoting: Anonymous Coward 47298356




Kid, I'm not discussing politics here.

I'm not discussing what they "should" or what they "should not" do.


I'm discussing the fact that if the debt ceiling is NOT raised, it will be the Armageddon for THE BANKERS, so, since the bankers RULE THE WORLD, it's obvious that the debt ceiling WILL BE RAISED, and this "government shutdown" bullshit is just a litte theater.
Anonymous Coward
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09/27/2013 04:46 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Debt Ceiling: Arbitrary bullshit buzzword to make people think someone is actually being responsible.
Anonymous Coward (OP)
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09/27/2013 04:47 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Debt Ceiling: Arbitrary bullshit buzzword to make people think someone is actually being responsible.
 Quoting: Anonymous Coward 45932415



yeah, yeah...


there is NO REAL POSSIBILITY of the Congress not raising it


the Congress may let the government go into a little "shutdown" for a few weeks, but THEY WILL RAISE THE DEBT CEILING, so the Treasury can auction new debt
Anonymous Coward
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09/27/2013 04:50 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.
 Quoting: Anonymous Coward 47524493

Correct.

So, where the Treasury will get the money from, since the government has a deficit?
 Quoting: Anonymous Coward 47524493

Taxes. There will be NO MORE DEFICIT. The first taxes that come in, pay the interest on the debt. Whatever is left pays for the budget.


There's no fucking DEFAULT. It's all scaremongering crap from DC so that you accept the financial rape.
Unixlike

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09/27/2013 04:51 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.


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.
 Quoting: Anonymous Coward 47298356




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.
 Quoting: Anonymous Coward 47524493


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.
Anonymous Coward (OP)
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09/27/2013 04:56 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.


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.
 Quoting: Anonymous Coward 47298356




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.
 Quoting: Anonymous Coward 47524493


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.
 Quoting: Unixlike




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.
Resister

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09/27/2013 04:57 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Yes the alleged government shutdown is a smoke screen. The national debt has been artificially capped at the ceiling for months while the fed churns our 85 billion dollars a month in economic life support for a zombie currency.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.spam]
Anonymous Coward
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09/27/2013 04:58 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
the meltdown of the international financial system


damned
Anonymous Coward
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09/27/2013 05:03 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.


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.
 Quoting: Anonymous Coward 47298356




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.
 Quoting: Anonymous Coward 47524493


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.
 Quoting: Unixlike




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.
 Quoting: Anonymous Coward 47524493


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.
Anonymous Coward
User ID: 1478493
United States
09/29/2013 12:33 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
They may be taking a stand on the government shutdown because they view the debt ceiling issue too dicey to take a stand on ....
Anonymous Coward
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09/29/2013 12:41 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
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.

 Quoting: regulator 47524493



How about instead of debt auctions, the treasury exercises it's constitutional right to issue greenbacks, which can be used to service the debt and eventually make their way into circulation? Didn't JFK and Lincoln basically do this? So there is historical precedent.
SteamrolledGobias

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United States
09/29/2013 01:09 PM

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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
when is the debt ceiling getting voted on? is it sometime in October?
SteamrolledGobias

User ID: 46787476
United States
09/29/2013 01:10 PM

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

 Quoting: regulator 47524493



How about instead of debt auctions, the treasury exercises it's constitutional right to issue greenbacks, which can be used to service the debt and eventually make their way into circulation? Didn't JFK and Lincoln basically do this? So there is historical precedent.
 Quoting: Anonymous Coward 47537231


yes JFK and Lincoln did this and they were both assassinated

we need to deal with Is-ra-el and their central banking scheme before we can safely issue our own currency. Zionist Khazar's need to be run out of the country or strung up over lamp posts before America will ever see prosperity again.
Anonymous Coward
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Brazil
10/01/2013 04:56 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
I understand
Anonymous Coward
User ID: 7467525
United States
10/01/2013 05:10 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
when is the debt ceiling getting voted on? is it sometime in October?
 Quoting: SteamrolledGobias


They are currently shutdown so maybe sometime after they reopen.

..officially oct. 17.. but nov. 4th is when they will only have 30 billion left and that's bad or something.

But what will happen after that?? I can't seem to find straight answers.
Anonymous Coward
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United States
10/01/2013 05:14 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Man. This really explains all the oct/nov doom period predictions and speculation.

They weren't sure themselves of the date but sure kept everyone distracted from the obvious.
Anonymous Coward
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United States
10/06/2013 10:23 PM
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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
The debt ceiling will not be raised. They want to kill the dollar.
LaIsla

User ID: 1614241
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10/06/2013 10:50 PM

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Re: You all understand that there is a difference between this "government shutdown" and the debt ceiling issue, right?
Just about everything so far has been some foreplay nastiness...the debt ceiling, however, is some porn star action.
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