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Debt Ceiling Talks Cancelled

newtboy says...

Incorrect, sir.

First, I think it’s a typo, because Republicans ARE the party of defrauding and that’s incontrovertible and undeniable by anyone but bob.

There’s enough Republicans in office that put their politics above country that default is a real possibility. Fortunately they now PLAN to resume talks (but only if no Republican gets upset and balks).
Democrats aren’t playing any game. They should be absolutely refusing to even discuss negotiating over paying our bills and refusing to bankrupt America, but instead are accepting the blackmail scheme and are negotiating away rights and programs to the terrorists holding a gun to the economy’s head.
This only guarantees they will do the exact same thing every year. Any compromise at all is capitulation to economic terrorism, which invites more.

We have NEVER been anywhere near this position. We have “negotiations” over the debt ceiling, but have never gone more than a few days until the responsible limit for delay. We are now at the point where, if we don’t get a plan both sides agree on, get it out of committee, get a full house vote scheduled and taken, move it to the senate for debate, get it approved (hopefully with no changes at all or it returns to the house), get a senate vote scheduled and taken and passed, send it to Biden for a signature, then implement it….all by next Wednesday or we default. (Edit: now consider part of the Republican demands are their as yet unwritten NEW spending cut bill be passed BEFORE that entire process even starts).
We have never been within four months of this point, and there’s been some amazing money juggling and many projects “postponed” (cancelled) that had won hard fought congressional approval and funding just to stretch our ability to pay debts this far.

We hit our borrowing/debt limit in January, what’s normally considered the “due date”. In the past, negotiations have never come closer than in 2011 when it got to only two days until the debt limit was reached, and it cost well over a billion dollars in higher interest rates alone. We are now over 4 months past that point today, with absolutely no plan on how to move forwards.

This is not normal, has not happened every 4 years, and in fact has never once happened in our history. I expect our national “credit rating” to slip even if we pull off a Hail Mary, which is looking less likely daily. We’ve already lost hundreds of millions in lost international investments because who wants to invest in a country trying to bankrupt itself?

oblio70 said:

Blame:
Republicans- they will NOT defraud as they say they will ($-interests).
Democrats- playing same Republican game; won’t call them out.
Media- supporting lie of threat of defraud.
Biden- words worthless; Republican in deeds .
The people- blind acceptance

We have been here every 4 years since the 90’s, and its always the same story. So old!

newtboy (Member Profile)

StukaFox says...

Newt,

This is in response to your comment on my statement about Biden needing to lose in '20.

I recently wrote this as a reply to one of my readers (I write under a number of different names in other places).:

Dear <name>,

>I took some time to absorb what you wrote. It's a lot to juggle. The Atlantic has an article in the July-August issue on the worst and best case scenario in CLO defaults. I'll read more.

I read the article you mentioned, and while it's certainly good, it also misses a very important point that explains the mess we're in: the collapse of Lehman and Bear-Stearns, while catastrophic in their own ways, were not the nightmare that caused the Fed to freak out in 2008 -- AIG was. Had AIG gone under and the counterparty default contracts triggered, we'd be on the barter system right now. We came within hours of not having an economy in the western world. The $700b ($.7t) the Fed coughed up to stop this from happening calmed the panic, but did nothing to resolve the underlying issues. These issues continued to compound during the 2011-2020 stock run-up and now we're at the point where the Fed is throwing trillions of dollars at every piece of bad debt they can find just to keep the whole thing from imploding into an economic black hole. It is important to note that in September '19, the credit markets started freezing because of the debt that was already on the books then, -before- CV-19 started rolling, and it took $3t just to get them unlocked again. Absolutely nothing has gotten better since then, and I would argue things have gotten dangerously worse.

In an odd coincidence, the NYT ran an article today about the looming bankruptcy crisis. They're calling for 30-60 days before things start imploding, but I'll stick to my estimate of ~90 days. There's some talk about extending the $600 benefits (we'll see) and chatter about another stimulus check, but that's kicking the can as well as telegraphing how bad things really are. When the Republicans are getting behind free money, you know we're in some uncharted territory. For all intents and purposes, Modern Monetary Theory (MMT) -- the reason the Fed is backstopping debt and printing money like crazy -- is the hill the US economy will live or die on. Should the US dollar come unpegged as the world's de facto currency or should inflation begin (and there's already worrying signs this is happening), that's game over.

Please don't take anything I say as the Word of God; please do your own research and come to your own conclusions. Everything I've said is an opinion based on my education, experience and way of thinking. Your mileage may vary.

Here is the article I mentioned: https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html -- might be paywalled, but clear your cookies for the NYT and you should be able to read it.


>Frankly, it's the physical danger in my area of the States that concerns me. There are the guns and bullying. During some BLM demonstrations in the Midwest, locals were standing around with semi-automatics. I drive a Prius for the fuel efficiency. Pick up trucks enjoy tailgating, trying to intimidate me. This behavior isn't going to change with a change of President but will get worse is we don't change. This ideological push to takeover the country instead of ruling by compromise started around the same time we came to the US in 1981, Reagan's first year. I was so shocked when I heard talk radio for the first time; this wasn't the country I had left in the 1970s.


And now we come to the giant pile of sweaty dynamite that's just waiting for the right shock to set it off. I could give you a prolonged lecture about how this all started in 1978 with California's Proposition 13, or how David Stockman's tragically prescient warnings were blatantly ignored, but Haynes Johnson does a far better job at this than I ever could in his 1991 book "Sleepwalking Through History", as does Kevin Phillips in 2006's "American Theocracy". Honestly, at this point, the prelude is academic. The reality of the situation is that a large swath of adult Americans are appalling ill-educated, innumerate and devoid of even the most basic critical-thinking skills. These people are now locked out of the Information Economy. They lack the most basic skills required to compete in the 21st century job market and thus will watch their standard of living sink into the abyss. These people are not blind to this fact because they're living with the reality of their situation every single day. They're totally without hope, cut off from all avenues of control over their own lives and they feel utterly abandoned by the very people who're supposed to be helping them. The reason you're seeing bullying and behavior like that is because these same people are totally removed from any avenues of recourse and the only people they can take their anger out on are people like you and me. Their anger is being stoked on a daily basis. FOX News and the GOP are experts at this and have a host of boogeymen to keep the anger from being pointed their way: ANTIFA, BLM (black Americans have always made a perfect target), "coastal elites" and, of course, Liberals.

Trump's election was a warning, not an outlier. Trump was the primal scream of these people and Liberals and the Democrats as a whole chose not to listen because they found the sound so abhorrent. The rage will only get worse and the number of people enveloped by this rage will only grow as economic conditions worsen. At this point, it no longer matters who wins in '20. Winning the election will be like winning the deed to the World Trade Center one second after the first jet hit. The damage has already been done and no steps are being taken to repair it; if anything, people are actively making it worse either through ideological blindness, deliberate malfeasance or outright stupidity. It took almost 50 years to get to this point and the endemic issues will not be undone in a single generation, much less a single election. Until the people who voted for Trump feel a sense of real hope, a sense of control over their lives and a genuine expectation of recourse for their grievances, they will keep right on voting for Trump, or people like him.

My unfortunate suspicion is that this country will rip itself to shreds long before those reforms are enacted.

Side note: the fundamental difference between the United States and Europe is that European history has forced the nations of Europe to live with the consequences of their actions. Not so the United States. Europe has suffered for her sins. Not so the United States. The two bloodiest wars in human history were fought on European soil. Not so the United States. The United States has never faced true suffering, nor has it ever had to live with the ramifications of its own actions. Both these facts are about to change and a nation whose character is built on a mythology of individual action and violence is going to have to face reality. The people of this nation are not prepared for this and they will not like it.

Second side note: many people are erroneously comparing the current situation to the Wiemar Republic. This is a lack of historical understanding. A more apt comparison would be to Spain in late 1935.


>As for re-opening, we could have gotten some control if the "leader" had simply donned a mask and used realistic thinking. People could go back to work more safely, wash hands, stay a certain distance. But his hubris led the way, so now we'll have a roller coaster for months and years that will affect the economy even more. France is a good comparison because they were unprepared also, having slashed the public healthcare budget for the last twenty years. But when they laid down the rules, troops patrolled the streets to be sure they were followed. So far, they've flattened the curve (for now), and used different economic incentives, such as paying part of employees' salaries to keep them employed.

At this point, the pace of re-opening is a difference between very bad and much worse. Had $3t been used to pay the yearly salary of every American, we could have saved lives and the economy, but we didn't. The history of 2020 will be littered with "what-ifs". However, the first thing you learn when studying history is that what-ifs are useless because things are what they are and you can't change that. It's already obvious we're going into a second wave. If previous pandemics are any indication of what's to come, this second wave will be many times worse than the first. The wait for a vaccine is indeterminate, but if we're going for herd immunity, ~70% of Americans will need to catch the virus. To date, ~1.5% have. If the US population is ~330 million, ~230 million will need to catch the virus. Call the mortality rate 2%, that means ~4.6 million Americans will die. That's a lot of dead Americans and grieving families.

Take care,

(my actual name)

pigeon (Member Profile)

siftbot says...

Congratulations! Your video, Synchronized Screen Juggling, has reached the #1 spot in the current Top 15 New Videos listing. This is a very difficult thing to accomplish but you managed to pull it off. For your contribution you have been awarded 2 Power Points.

This achievement has earned you your "Golden One" Level 1 Badge!

pigeon (Member Profile)

Defying Gravity

BSR (Member Profile)

Ants building "bridge" to attack wasp nest

BSR says...

It's all about the number of views.

This is the ants version of riding a unicycle on the top of a smoke stack while juggling.

Hope this helps.

lucky760 said:

Wha?

Why didn't they just walk directly to it across the ceiling?

BIKE STUNTS BY INDIAN ARMY

newtboy says...

"Bike stunts" hardly describes this parade of miracles.
I'm fairly certain a few of those defied the laws of physics.
When riding standing up, backwards, while juggling is one of the tamest of your"stunts", you've earned yourself a *quality and a *promote

Boxer Demonstrates Hand-Eye Coordination

transmorpher says...

I don't get what is so special about this. It's on a bit of elastic, it will always come back to you no matter how you hit it, and even if you don't hit it, he's not actually juggling it like a soccer player or a hacky sack would.

Cat Racing

Ringling Bros. and Barnum & Bailey Final Performance

notarobot says...

That upside down juggling act around 1:51:00 was pretty creative.

I also now wish unicycle basketball was a real sport.

Also, backflips. Backflips everywhere. Like it's casual backflip day or something.

Some really impressive skits here. Would have been great to see live.

Gratefulmom (Member Profile)

eric3579 (Member Profile)

GenjiKilpatrick says...

Hey Man.

Was lookin' fer you in the Lounge the other night. Thanks for checkin' in.

Yeah, I'm good. Currently working at a Halloween City, juggling up a storm.

Also participated in a Halloween Parade last week.

I was thinking I might post a vid of it. Had a kickass scary pumpkin themed suit on.

Anywho.. hope yer feelin' well, man.

Peace

Unicycle on huge chimney in Targu Jiu

newtboy says...

Sweet zombie Jesus....talk about pushing your luck.
I tried to learn how to juggle from a book, and it suggested pretending you are standing on a cliff to keep yourself from moving forward, but warned you should never actually DO that.
Yikes!!!

Jim Jefferies on Bill Cosby and Rape Jokes

Chairman_woo says...

*Warning I've only gone and done yet another wall of text again! This may or may not get read by anyone on here (good god I wouldn't blame anyone for skipping it), but at the very least it's formed the backbone to a video script so it's not a complete waste of my time! (he tells himself)*

This is as much @bareboards2 as yourself, but he already made it clear he wasn't willing to engage on the issue, so you're getting it instead MWAHAHAHHAHA! *coughs*

I don't wish this to come across as over condescending (though I'm sure it will none the less as I'm in one of those moods). But pretty much every (successful) comedy premise operates on the same underlying principle of irony. i.e. there is an expectation or understanding, which is deliberately subverted, and what results is comedy.

In this case, amongst other things we have the understood premises that:
A. rape is a bad, often horrific thing.
B. that there is an established social taboo about praising such behaviour.
C. that there is a section of society inherently opposed to making light of things of which they do not approve (or in a way in which they do not approve)
D. most words and phrases have an expected association and meaning.

What Jim Jefferies (an accomplished and well respected comedies amongst his peers) has done here, is take these commonly understood premises and subverted the audiences normal expectations in order to evoke a sense of irony, from which the audience derives humour and amusement.

A simple joke might take a single such premise and perform a single inversion of our expectation. e.g. my dog has no nose, how does he smell?....terrible!

By subverting our assumed meaning (that the missing nose refers to the dogs implied lack of olfactory senses), the joke creates basic irony by substituting this expected meaning for that of the odour of the dog itself.

This is of course a terrible joke, because it is as simple as a joke could be. It has only one layer of irony and lacks any sense of novelty which, might tip such a terrible joke into working for any other than the very young or simple minded.

We could of course attempt to boost this joke by adding more levels of irony contextually. e.g. a very serious or complex comedian Like say Stuart Lee, could perhaps deliver this joke in a routine and get a laugh by being completely incongruous with his style and past material.

And herein we see the building blocks from which any sophisticated professional comedy routine is built. By layering several different strands or ironic subversion, a good comedian can begin to make a routine more complex and often more than just the sum of its parts to boot.

In this case, Jim is taking the four main premises listed above, layering them and trying to find the sweetest spot of subverted expectation for each. (something which usually takes a great deal of skill and experience at this level)

He mentions the fact that his jokes incite outrage in a certain section of society because this helps to strengthen one of the strands of irony with which he is playing. The fact that he also does so in a boastful tone is itself a subversion, it is understood by the audience that he does not/should not be proud of being merely offensive and as such we have yet another strand of irony thrown into the mix.

You know how better music tends to have more and/or more complex musical things happening at once? It is the same with comedy. The more ironic threads a comedian can juggle around coherently, the more sophisticated and adept their routines could be considered to be.

Naturally as with music there's no accounting for taste as you say. Some people simply can't get past a style or associations of a given musician or song (or painting or whatever).

But dammit Jim is really one of the greats right now. Like him or lump him, the dude is pretty (deceptively) masterful at his craft.

There are at least 4-5 major threads of irony built into this bit and countless other smaller ones besides. He dances around and weaves between them like some sort of comedy ballerina. Every beat has been finely tuned over months of gig's (and years of previous material) to strike the strongest harmonies between these strands and probe for the strongest sense of dissonance in the audience. Not to mention, tone of voice, stance, timing etc.

I think Ahmed is basically terrible too, but it is because the jokes lack much semblance of complexity or nuance. Jeff Dunham's material in general feels extremely simple and seems like it uses shock as a mere crutch, rather than something deeper and more intelligent.

Taste is taste, but I feel one can to a reasonable extent criticise things like the films of Michael Bay, or the music of Justin Beiber for being objectively shallow by breaking down their material into its constituent parts (or lack thereof).

Likewise one could take the music of Wagner and while not enjoying the sound of it, still examine the complexity of it's composition and the clear superiority of skill Wagner had over most of this peers.

I guess what all this boils down to is, Jim seems to me to be clearly very very good at what he does (as he ought after all these years). Reducing his act to mere controversy feels a lot like accusing Black Sabbath of just making noise and using satanic imagery to get attention (or insert other less out of date example here).

The jokes were never at the expense of victims, they are at the expense of our expectations. He makes his own true feelings on the matter abundantly clear towards the end of the section.

As as he says himself his job is to say funny things, not to be a social activist.

I take no issue with you not liking it, but I do take issue with the suggestion that it is somehow two dimensional, or for that matter using controversy cheaply.

Offensive initial premises are some of the most ironically rich in comedy. It's like deliberately choosing the brightest paints when trying to create a striking painting. Why would you avoid the strongest materials because some people (not in your audience) find the contrast too striking?

Eh, much love anyway. This was more an exercise in intellectual masturbation than anything else. Not that I didn't mean all of it sincerely.

Jinx said:

When they said he "can't make jokes about rape" what they perhaps meant was "he can't make _jokes_ about rape".

Its dangerous ground. Not saying it shouldn't be walked on, but if you go there with the kind of self-righteous free-speech stuff it always fails to amuse me. I know your joke is offensive. I heard it. When you tell me how offended some ppl were it just sounds like a boast, and don't that sour the whole thing a bit? I mean, maybe I'd feel differently if I thought any controversy was in danger of censoring his material rather than fueling it.

but w/e. No accounting for taste. People still occasionally link me Ahmed the Dead Terrorist, and while that is certainly less risque than the whole rape thing it is a total deal breaker. It's just before "using momentarily to describe something as occurring imminently rather than as something that will be occurring for only a moment" and after "sleeping with my best friend". pet peeves innit.



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