When all that's left is to go Galt:
http://www.davidmcelroy.org/?p=1586
Coincidently:
http://news.yahoo.com/ala-county-readie ... 46239.html
I Don't Want To Live In An Ayn Rand Novel
A thought occured to me, what would happen to the markets and interest rates if tomorrow morning an effective compromise package passed both houses.
By noontime senators and congressmen from both parties were shaking hands and patting each other on the back. At 2 in the afternoon the party was in full swing; politicians from both sides drinking, dancing and sneaking off to the back rooms for romantic liasons.
When Americans turn on the 6 o'clock news the leaders of both parties, with all the federal politicians standing behind them, announce a merger of both the Republican and Democratic parties.
It may be reasonable to assume under these changed circumstances that interest rates on the debt would drop, easing credit and raising revenue projections.
By noontime senators and congressmen from both parties were shaking hands and patting each other on the back. At 2 in the afternoon the party was in full swing; politicians from both sides drinking, dancing and sneaking off to the back rooms for romantic liasons.
When Americans turn on the 6 o'clock news the leaders of both parties, with all the federal politicians standing behind them, announce a merger of both the Republican and Democratic parties.
It may be reasonable to assume under these changed circumstances that interest rates on the debt would drop, easing credit and raising revenue projections.
CHoff
The two parties shouldn't have to go as far as exchanging bodily fluids, but if the final deal struck had been a well thought out comprehensive plan that everybody somehow liked, and the two parties shook hands and made complementary noises at each other, then maybe you don't just keep the AAA rating.
Maybe the ratings agencies are so impressed that they put a + sign to the right of the triple A, and interest rates on the debt get a cut of 1%. A whole percent cut on 15 trillion, plus a percent cut on mortgages and loans and credit cards, plays well with the government revenue projections. That would go a long way to getting the deficit and debt under control.
Maybe the ratings agencies are so impressed that they put a + sign to the right of the triple A, and interest rates on the debt get a cut of 1%. A whole percent cut on 15 trillion, plus a percent cut on mortgages and loans and credit cards, plays well with the government revenue projections. That would go a long way to getting the deficit and debt under control.
CHoff
The deal they signed isn't going to avoid a rating downgrade. They will at the very least go from AAA to AA which will increase borrowing costs immensely, JP Morgan says close to $100 billion a year in increased borrowing costs, which will nullify half of the spending cuts the deal commits to. Screwed again.choff wrote:The two parties shouldn't have to go as far as exchanging bodily fluids, but if the final deal struck had been a well thought out comprehensive plan that everybody somehow liked, and the two parties shook hands and made complementary noises at each other, then maybe you don't just keep the AAA rating.
Maybe the ratings agencies are so impressed that they put a + sign to the right of the triple A, and interest rates on the debt get a cut of 1%. A whole percent cut on 15 trillion, plus a percent cut on mortgages and loans and credit cards, plays well with the government revenue projections. That would go a long way to getting the deficit and debt under control.
http://www.stateofthemarkets.com/report ... rade-Cost-