Comments | vvalkyri: 2 for one Quiznos and other randomness

vvalkyri

2 for one Quiznos and other randomness

Jul 27, 2011 15:00

Don't mind me - too much coffee not enough sleep and need to drink some water.
And still feeling Monday night's class.

But anyway 2 quizno's subs for $6, if anybody cares ( Read more... )

life, debt ceiling, livingsocial

Comments 8

starfyrone July 27 2011, 19:16:13 UTC

And then there is the issue that even if SS checks go out, very few retirees successfully subsist on SS alone; most of them have some form of pension/retirement/401K annuity they are counting on to take up the slack. If Wall Street crashes again, that money will go away.

We're looking at a massive domino effect.

Even the "good parts" of the plan(s) are problematic. Sure we accelerate the withdrawal from Iraq and Afghanistan, paying out a lot less money and ending conflict that is of dubious value. But once we do that the "Stop Loss" orders will be rescinded, "Up or Out" policies will once again be enforced - and we'll have a massive influx of unemployed ex-soldiers, many of whom have no skills useful outside the military.

Things are pretty grim no matter how you slice it.

brains are funny... starfyrone July 30 2011, 04:46:10 UTC

I re-read this and suddenly my mind recalled there are an awful lot of fairy tales compiled by the Brothers Grimm that start off with an ex-soldier.

In the originals "fairytale ending" is not the same as what people think of these days...

shadeofnight July 27 2011, 21:04:40 UTC

The debt ceiling is not linked to out bond rating from what I can tell (from what I read today). I just read a story where the bound people might downgrade our rating ANYWAY because we are spending too much money and our limit to what we can owe and earn is reaching the point where AAA is no longer deserved ( ... )

vvalkyri July 27 2011, 21:25:22 UTC

I'd appreciate the link to whereever you found the stuff about the bond groups wanting 4T in cuts and the other stuff about this being a fake crisis ( ... )

vvalkyri July 27 2011, 21:39:01 UTC

I’d appreciate links to the stuff you mention re the bond folk wanting a 4T set of cuts and re this being a fake crisis ( ... )

he_who_wanders July 29 2011, 11:50:24 UTC

Please cite your debt ceiling links - I have not read any credible economic writings that suggest what you are saying.

Do we have to control spending yes of course. But if we don't
pay our interest then not only will we almost certainly be downgraded. In addition the uncertainty impact on the market
could be devastating. Finally this could drive the dollar out
of its position as the reserve currency.

Thread 6