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John Boehner resigning


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It's legit. He's resigning from being Speaker, not sure about being a congressman all together.

I'm not a big Boehner fan but he was at least a firewall from preventing the more crazy Republicans from shutting down the government over everything they disagree with ... the crazies are are now at the gate, things are gonna get bad.

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Not just stepping down as Speaker but resigning his seat? Wonder if it's lung cancer or cirrhosis. He did have a private meeting with the Pope yesterday, maybe Francis told he sucks and should quit.

Either way, part of me wants to break into a happy dance, the other part is terrified at the specter of what tea-bagging lunatic they're going to put in his place...

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He was my representative when I lived in Oxford.  Unsurprisingly, he didn't really listen to my input regarding impeachment hearings.  He did send me an 11-page letter telling me why I was wrong, though. 

 

 

That's better than a standard 1 page letter to acknowledge receiving your letter.

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It's legit. He's resigning from being Speaker, not sure about being a congressman all together.

I'm not a big Boehner fan but he was at least a firewall from preventing the more crazy Republicans from shutting down the government over everything they disagree with ... the crazies are are now at the gate, things are gonna get bad.

The Republicans were not voted into power in both the House and Senate to pass everything Obama and the Democrats support.   If shutting down the government is necessary to pass some of the legislation they were elected to pass so be it.

From a financial standpoint the US is just about to go over the cliff regardless.  With the very near term future pension, SS and Medicare obligations this country is facing along with the already massive amount of debt in relationship to GDP we already have,  most likely we are already passed the point of no return.   The shit is already hitting the fan.  The market is starting to crumble under the weight of artificial pumping.

When the worldwide debt bubble bursts, I hope you are prepared.  The canary in the coal mine has always been companies like Caterpillar.   It tanked yesterday.

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The Republicans were not voted into power in both the House and Senate to pass everything Obama and the Democrats support.   If shutting down the government is necessary to pass some of the legislation they were elected to pass so be it.

From a financial standpoint the US is just about to go over the cliff regardless.  With the very near term future pension, SS and Medicare obligations this country is facing along with the already massive amount of debt in relationship to GDP we already have,  most likely we are already passed the point of no return.   The shit is already hitting the fan.  The market is starting to crumble under the weight of artificial pumping.

When the worldwide debt bubble bursts, I hope you are prepared.  The canary in the coal mine has always been companies like Caterpillar.   It tanked yesterday.

That's just it, the legislation they are threatening to shut the government down over is funding planned parent hood. It is such a minor budget issue, its largely a social conservative one.

Further when we shut the government down the last time we lost 24 Billion in the Economy. So this isnt a matter of economics it's a matter of ideology.

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That's just it, the legislation they are threatening to shut the government down over is funding planned parent hood. It is such a minor budget issue, its largely a social conservative one.

Further when we shut the government down the last time we lost 24 Billion in the Economy. So this isnt a matter of economics it's a matter of ideology.

Nobody lost 24 billion.  That was simply a made up number that was created by a marketing firm.  Everyone who was owed money got back pay and every contract remained in force.   Don't listen to any of these people, the overwhelming majority are liars. 

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Nobody lost 24 billion.  That was simply a made up number that was created by a marketing firm.  Everyone who was owed money got back pay and every contract remained in force.   Don't listen to any of these people, the overwhelming majority are liars. 

Really? Because I can tell you I was never given vacation time I had to take back.

Luckily I am on a mission critical project now so it wont effect me. But every single contractor that is not mission critical loses vacation or can't charge. The time is only made up on a contract need basis. So I can absolutely believe that number. The only people who got paid back were actual government workers.

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From a financial standpoint the US is just about to go over the cliff regardless.  With the very near term future pension, SS and Medicare obligations this country is facing along with the already massive amount of debt in relationship to GDP we already have,  most likely we are already passed the point of no return.   The shit is already hitting the fan.  The market is starting to crumble under the weight of artificial pumping.

When the worldwide debt bubble bursts, I hope you are prepared.  The canary in the coal mine has always been companies like Caterpillar.   It tanked yesterday.

I share your concern, if not your analysis. Perhaps this time around we can save people and not finance.

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SF2's suggested that the worldwide debt bubble is a problem. For those who wish to pursue some understanding of this problem--its causes and potential solutions--this is my suggested place to start. It's essentially the introduction to Michael Hudson's latest book, "Killing the Host."

Here is a quick cutout from the end of the piece:

The disabling force of debt was recognized more clearly in the 18th and 19th centuries (not to mention four thousand years ago in the Bronze Age). This has led pro-creditor economists to exclude the history of economic thought from the curriculum. Mainstream economics has become blindly pro-creditor, pro-austerity (that is, anti-labor) and anti-government (except for insisting on the need for taxpayer bailouts of the largest banks and savers). Yet it has captured Congressional policy, universities and the mass media to broadcast a false map of how economies work. So most people see reality as written by the One Percent, and it is a travesty of reality.

Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as “socialism.” Yet every successful economy in history has been a mixed economy.

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  • 2 weeks later...

VIA MSNBC: BREAKING: Rep. Kevin McCarthy drops out of Speaker race.

 

http://www.cnn.com/2015/10/08/politics/house-speaker-republican-vote-mccarthy-webster-chaffetz/index.html

Washington (CNN)House Majority Leader Kevin McCarthy has dropped out of the race to succeed House Speaker John Boehner, in a shocking move that reflected his inability to gather the support of the Republican caucus.

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