Will a debt deal make it fall hard ?

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  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    And don't forget:
    pretty much whatever they're throwing together will only 'cut' the scheduled/budgeted increases in spending...not actual spending. Helpful, but that's it., totally token movement.
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    It's "hammer time" ... get out the "inner tubes."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisine
    MsMorrisine Posts: 40,041 ✭✭✭✭✭
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    I hope they don't plan on sleeping for 48 hours.

    imageimageimageimageimageimageimage

    image
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisine
    MsMorrisine Posts: 40,041 ✭✭✭✭✭
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    Dear Congress,


    This is the best you got???




    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Yep, this is the kind of deal that will calm those jittery old international bond markets. Nice work, Congress!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    <--not impressed. Not one bit.
  • thatboyaintright
    thatboyaintright Posts: 408
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    Graham Rudman Hollings 1985
    Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987.
    Budget Enforcement Act 1990
    PAYGO 1991
    Omnibus Budget Reconciliation Act 1993 AND 1997

    None of them meant a darned thing when they were passed, and this latest horror show will mean nothing after the election of 2012. Its all smoke and mirrors, the basic facts are that we will spend in fits and starts until doomsday, always exceeding our income. Precious metals are still a safe bet to preserve the core of your wealth, regardless of how the current or future congress tries to put makeup on this pig.
    image
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    Vote everyone out. Then vote everyone out. Then vote everyone out. Then vote everyone out. Then vote everyone out. Then vote everyone out.


  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    not impressed. Not one bit

    A win for Obama imo. He survives the elephant onslaught, for the time being anyway.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    << <i>Dear Congress,


    This is the best you got??? >>




    You don't like this arrangement of the deck chairs????
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    "Deal, or no deal?"

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Banemorth
    Banemorth Posts: 986 ✭✭✭
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    << <i>"Deal, or no deal?" >>



    image
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
  • telephoto1
    telephoto1 Posts: 4,966 ✭✭✭✭✭
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    As predicted, the can's been kicked far enough down the line to make it past the elections. Gee. What a shocker.

    And metals values are showing that the public isn't buying the BS anymore.

    RIP Mom- 1932-2012
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    Same as it ever was.......................MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    As predicted, the can's been kicked far enough down the line to make it past the elections. Gee. What a shocker.

    The really cool thing about free markets is that they tend to be "forward looking". The markets are pricing in the knowns, and the probabilities too.

    The can is lying down there in the middle of the road past the next election, but the markets can see it quite clearly.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.

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