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I Don't Want To Live In An Ayn Rand Novel
Posted: Wed Jul 27, 2011 1:01 am
by Jccarlton
Posted: Fri Jul 29, 2011 2:48 am
by IntLibber
It is far more likely, given the budget and debt situation, we will be living in a Neal Stephenson novel, specifically Snow Crash
Posted: Fri Jul 29, 2011 5:28 am
by Betruger
How sweet!
Posted: Fri Jul 29, 2011 5:58 am
by choff
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.
Posted: Fri Jul 29, 2011 2:20 pm
by DeltaV
choff wrote: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.
A one-party system will finally have been achieved, comrades.
Posted: Sat Jul 30, 2011 12:35 am
by choff
It would probably be fun just to see the look on some peoples faces on getting the news. Imagine.for example, the reaction if Anne Coulter and Al Franken were caught on tape checking into a hotel room together.
Posted: Mon Aug 01, 2011 10:12 pm
by IntLibber
merger of GOP/DNC would mean the LP stands in a good position to scoop up all the people pissed off by the merger (except for the marxists, of course).
Posted: Tue Aug 02, 2011 5:53 am
by 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.
Posted: Tue Aug 02, 2011 6:45 am
by IntLibber
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.
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.
http://www.stateofthemarkets.com/report ... rade-Cost-