Monday, September 30, 2013

That About Sums It Up



9 comments:

Anonymous said...

Must be nice to feel that Obamcare costs, including mandated corprate profits, monopoly pharma, deductibles, copays, and "special drug" surcharges are "affordable..."

Here in the real world we'd like a sanctimony moratorium on both elite parties. Let's move on.

Speaking of online hubs, the Guardian has one gathering known information on Obama's illegal spy programs:

http://www.theguardian.com/world/2013/sep/30/nsa-files-edward-snowden-gchq-whistleblower

And, unlike the ACA hubs, the NSA info hub actually works.

tobyjones said...

Are you off work due to the shutdown?

Hank Greer said...

The branch of government I work in has enough money to operate for about 10 business days. After that we are all furloughed. Those who are considered essential will then work without pay.

Anonymous said...

Furloughed federal employees likely qualify for state unemployment compensation, though they may have to repay the compensation if/when they receive backpay.

Federal employees get to share the US experience over the last 5 years.

But it's unlikely that Federal employees will work without eventual compensation.

Anonymous said...

In past shutdowns, federal employees received backpay even if they were sent home. There is uncertainty, particularly if the country goes into default, but most likely nonessentials will have forced but compensated days off. Some feds are actually partying.

As federal employees file out of their heavily fortified, expensively surveilled buildings and rejoin America, we express our qualified empathy.

But, for now, we save the big violins for workers who dared strike at Walmart and fast food joints. Now that's heroism.

Oh the humanity! said...

Urbana, a chic wine bar in Dupont Circle, extended its happy hour specials by one hour for each day the government shutdown lasts. “Hopefully the shutdown doesn’t happen for that long,” said Erica Santiago, Urbana’s general manager, “but if it does, we will certainly stay later until happy hour lasts all night.”

NYTimes

Oh the humanity! said...

Urbana, a chic wine bar in Dupont Circle, extended its happy hour specials by one hour for each day the government shutdown lasts. “Hopefully the shutdown doesn’t happen for that long,” said Erica Santiago, Urbana’s general manager, “but if it does, we will certainly stay later until happy hour lasts all night.”

NYTimes

Anonymous said...

The smartest economists are suggesting platinum coins and superpremium rollover bonds to circumvent the debt ceiling. We think the smartest are dumb.

If the President is going to unilaterally fund already Congressionally-approved government programs, we would prefer he just break the debt ceiling limit law.

It's simply the most predictable course, and maintains the comparison value of the dollar. It's not like the world (and the Fed) won't buy the bonds, though pre-crisis bonds may become more attractive.

Why would Obama be reluctant to break the debt limit law/clause when he is more than happy to violate so many others?

The Silk Toad said...

The President should mint a million dollar BitCoin!

More better: Auction virtual cap and trade shares rather than sell bonds. If we're going to act without Congress, let's have the EPA solve our fiscal dilemma and stop global warming at the same time.

More elegant, fair, and sustainable: the EPA should distribute shares to the public, establish fiat scarcity and a market, and the IRS taxes the transactions.

Since the President can't raise a new tax, we'll call it a personal mandate instead.