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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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 Posted: Mon Aug 01, 2011 4:58 pm |
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http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_breakdown_of_deal/index.htm?hpt=hp_t1
This is the deal that's currently on the table. No idea if it'll go through.
It amounts to $2.4 trillion in spending cuts coming with Social Security, Medicaid, VA benefits/pensions, food stamps and SSI exempt for now.
Across the board cuts will be triggered by the end of the year unless Congress gets a Budget Amendment out to the states for ratification. Which is basically another way of saying across the board cuts are coming by the end of the year because there's no way Congress will put together and agree on a constitutional amendment in four months time.
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Talbain
Joined: 14 Jan 2007
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| Posted: Mon Aug 01, 2011 5:56 pm |
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What exactly is being cut in that 2.4 trillion? Doesn't seem clear in the article.
edit: Ah, here it is.
| Quote: |
At least $2.1 trillion in spending cuts: The framework would immediately cap domestic and defense spending, resulting in cuts of $917 billion over 10 years.
The framework then calls for more deficit reduction -- between $1.2 trillion and $1.5 trillion worth -- to be determined by the end of this year and imposed over 10 years |
Well, glad they're cutting defense spending. What is defined in "domestic" spending is something I'd like to know. As for deficit reduction, that's kind of a lark.
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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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| Posted: Mon Aug 01, 2011 6:10 pm |
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http://thelastpsychiatrist.com/2011/07/the_terrible_awful_truth_about_3.html
| Quote: |
In this case, it's easy to deduce the real issue, which has no deadline. The popular phrasing of the real issue is "America's in debt, we spend more than we take in," but a more meaningful understanding of that sentence is this: we're all on the federal dole, one way or another.
Debt ceilings are accounting tricks. Whether you make the minimum monthly payment by August 2 keeps only the books clean; as long as you make that payment you look ok on paper and so does Visa.
So it is inevitable that a deal will be struck by August 2, because that deal doesn't actually mean anything. This is husband and wife arguing about rebalancing the household budget, each pretending they aren't going to pay the electric until he's agreed to cut back on beer and she's agreed not to be such a bitch. Whether they do it or not is irrelevant, the electric's still getting paid. The electric always gets paid, it has to, we need it for the chairs.
Not to mention that no politician wants to be remembered as the guy who made his constituency go unpaid. Public choice theory will save you by August 2, even as it wrecks you all the other times.
So when you get the temporary reprieve tomorrow-- and it is temporary-- you should do whatever you have to to get off the dole; you are getting off of it anyway.
Because one of these days we won't be able to even make the minimum monthly payment, and, keeping to the household budget analogy, in those circumstances what happens isn't that the family goes bankrupt, what happens is that the couple gets divorced. Pray on this. |
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evnvnv
hapax legomenon
Joined: 05 Dec 2006
Location: the los angeles
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| Posted: Mon Aug 01, 2011 7:13 pm |
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the couple gets divorced? wha does that metaphor even mean. are we supposed to be hoping for civ war redux?
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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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| Posted: Mon Aug 01, 2011 7:31 pm |
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"Pray on this" not "Pray for this". I think we're supposed to be hoping that mom and dad can work it out so we can be a family again or something.
Also I like how every time someone analogizes a current state of affairs involving the government the people always end up in the children role.
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psiga
saudade
Joined: 04 Dec 2006
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| Posted: Mon Aug 01, 2011 7:42 pm |
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http://www.boston.com/bigpicture/2011/08/south_korean_deluge.html
Rud and I were talking a couple'a days ago about the weird weather patterns. Apparently Japan is having some heavy floods, and America has been having heavy floods, so we started wondering if other nations are in trouble as well. Apparently South Korea is, too.
Anyone else in the community have some things to add about that? I have no idea what sorts of rain and heat are hitting in, say, South America, or Australia, or Europe, etc.
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Talbain
Joined: 14 Jan 2007
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| Posted: Mon Aug 01, 2011 8:03 pm |
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Well, Texas is coming close to having mandatory water rationing. The lakes are getting awfully close to desertification. There have been a lot of wildfires, both man-made and from spontaneous combustion.
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evnvnv
hapax legomenon
Joined: 05 Dec 2006
Location: the los angeles
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| Posted: Mon Aug 01, 2011 8:39 pm |
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| Mr. Mechanical wrote: |
"Pray on this" not "Pray for this". I think we're supposed to be hoping that mom and dad can work it out so we can be a family again or something.
Also I like how every time someone analogizes a current state of affairs involving the government the people always end up in the children role. |
ah, i misread in haste. it's a very confucian metaphor! but our politicians are not exactly expected to behave as or be treated like parents... so it never quite works...
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evnvnv
hapax legomenon
Joined: 05 Dec 2006
Location: the los angeles
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| Posted: Mon Aug 01, 2011 8:45 pm |
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also to continue in my sinophilic mode for a sec, perhaps in situations of water scarcity we should consider the human omens before the natural. drought should be taken seriously enough to be considered inevitable--the lack of foresight itself is ominous!
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Adilegian
Rogue Scholar
Joined: 05 Dec 2006
Location: Q*Bert Killscreen Nightmare
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| Posted: Mon Aug 01, 2011 11:00 pm |
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| Talbain wrote: |
| Well, Texas is coming close to having mandatory water rationing. The lakes are getting awfully close to desertification. There have been a lot of wildfires, both man-made and from spontaneous combustion. |
Whoa, I missed this!
I haven't been grilling this summer because I don't want to risk burning down my neighborhood. It really is that hot down here.
Are you in Austin, Talbain?
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Talbain
Joined: 14 Jan 2007
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| Posted: Tue Aug 02, 2011 12:41 am |
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| Adilegian wrote: |
| Talbain wrote: |
| Well, Texas is coming close to having mandatory water rationing. The lakes are getting awfully close to desertification. There have been a lot of wildfires, both man-made and from spontaneous combustion. |
Whoa, I missed this!
I haven't been grilling this summer because I don't want to risk burning down my neighborhood. It really is that hot down here.
Are you in Austin, Talbain? |
Indeed I am! At least for another month in fact. Not doing a whole lot, I've been sick recently. Have been winning local MtG tourneys, and working on developing my master's thesis (my professor keeps discouraging me from writing anything until I'm back up in New York - tells me to just keep on reading, so that's what I do... have lots of notes). Actually decided to take that original idea of yours about ritual and videogames and see where it takes me. Currently working through Catherine Bell and Claude Levi-Strauss, and Campbell for mythological references. Any books you think I should take a look at?
(also, if you wanted to hang out, PM me and we can chat about a time)
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Flylighter
Joined: 16 Nov 2008
Location: On sabbaddical
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evnvnv
hapax legomenon
Joined: 05 Dec 2006
Location: the los angeles
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| Posted: Tue Aug 02, 2011 4:17 am |
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http://en.wikipedia.org/wiki/Tar_baby
of course accusations of racism are probably not unwarranted, but i feel as though it is also embarrassing to be caught in such a vast miscalculation of what aspects of folk culture are still comprehensible to modern people. this thing was last prominent in popular culture in "song of the south," and we all know how many of us in the 21st century have actually seen that.
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Shiren the Launderer
Joined: 25 Sep 2008
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psiga
saudade
Joined: 04 Dec 2006
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| Posted: Tue Aug 02, 2011 8:35 am |
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| evnvnv wrote: |
http://en.wikipedia.org/wiki/Tar_baby
of course accusations of racism are probably not unwarranted, but i feel as though it is also embarrassing to be caught in such a vast miscalculation of what aspects of folk culture are still comprehensible to modern people. this thing was last prominent in popular culture in "song of the south," and we all know how many of us in the 21st century have actually seen that. |
I had a moment of this a while back; I was tempted (in some unrelated thing) to use the term 'tar baby', about turning a simple 'straw man' into an 'even stickier situation', but realized that the odds weren't very good of everyone thinking of 'the plot of Brer Rabbit' instead of 'holy shit man das racis'.
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This Machine Kills Fascis
Unfinite Indiscovery
Joined: 06 Dec 2006
Location: Inside Thomas the Tank Engine, screaming
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| Posted: Tue Aug 02, 2011 11:04 am |
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Aw man, I've gotta watch Song of the South.
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psiga
saudade
Joined: 04 Dec 2006
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| Posted: Tue Aug 02, 2011 2:18 pm |
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I can't remember where I saw the Brer Rabbit cartoon, but the live action parts of Song of the South aren't ringing a bell for me.
Though that reminds me of something that I should post in the religion thread...
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CubaLibre
the road lawyer
Joined: 02 Mar 2007
Location: Balmer
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allensmithee
polyglamorous
Joined: 21 Apr 2011
Location: wherever it is, im dying to get out
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| Posted: Tue Aug 02, 2011 3:53 pm |
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zip a dee day
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Ronk
saucy Scott Pilgrim fanfic
Joined: 29 Dec 2008
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psiga
saudade
Joined: 04 Dec 2006
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extrabastardformula
millmuck holecutter
Joined: 01 Jan 2007
Location: The Nearest Faraway Place
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Toptube
Anti-cabbage Party Candidate
Joined: 23 Apr 2007
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| Posted: Thu Aug 04, 2011 12:23 am |
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| psiga wrote: |
http://georgewashington2.blogspot.com/2011/08/fukushima-radiation-highest-ever.html
What's left to say about all this, I wonder. |
Just to repeat why the fuck didn't they render those things inert from the beginning instead of trying to save them.
and then ultimately wonder how much land will remain a no-go zone for the forseeable future. In an area that can't afford loss of land.
| Mr. Mechanical wrote: |
http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_breakdown_of_deal/index.htm?hpt=hp_t1
This is the deal that's currently on the table. No idea if it'll go through.
It amounts to $2.4 trillion in spending cuts coming with Social Security, Medicaid, VA benefits/pensions, food stamps and SSI exempt for now. |
thank goodness because they already made some IDIOTIC changes to the G.I. Bill that was a huge fuck you to 95% of its users.
| Talbain wrote: |
What exactly is being cut in that 2.4 trillion? Doesn't seem clear in the article.
edit: Ah, here it is.
| Quote: |
At least $2.1 trillion in spending cuts: The framework would immediately cap domestic and defense spending, resulting in cuts of $917 billion over 10 years.
The framework then calls for more deficit reduction -- between $1.2 trillion and $1.5 trillion worth -- to be determined by the end of this year and imposed over 10 years |
Well, glad they're cutting defense spending. What is defined in "domestic" spending is something I'd like to know. As for deficit reduction, that's kind of a lark. |
They will pretend to cut defense spending, but America will find another thing to police and shoot missiles at. Effectively returning the cash flow, just from a different tributary.
| psiga wrote: |
http://www.boston.com/bigpicture/2011/08/south_korean_deluge.html
Rud and I were talking a couple'a days ago about the weird weather patterns. Apparently Japan is having some heavy floods, and America has been having heavy floods, so we started wondering if other nations are in trouble as well. Apparently South Korea is, too.
Anyone else in the community have some things to add about that? I have no idea what sorts of rain and heat are hitting in, say, South America, or Australia, or Europe, etc. |
I thouht 2/3 of the U.S. were roasting? Anyways, I wonder how much of the weird weather changes in the past few years could maybe be due to the lack of sunspots, which I just learned about a couple months ago in an astronomy class.
*********
why do I feel like these Policemen are going to get off with minimal punishment at best?
http://www.msnbc.msn.com/id/44005599/ns/us_news-crime_and_courts/ |
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psiga
saudade
Joined: 04 Dec 2006
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| Posted: Thu Aug 04, 2011 1:22 am |
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| Toptube wrote: |
| psiga wrote: |
http://www.boston.com/bigpicture/2011/08/south_korean_deluge.html
Rud and I were talking a couple'a days ago about the weird weather patterns. Apparently Japan is having some heavy floods, and America has been having heavy floods, so we started wondering if other nations are in trouble as well. Apparently South Korea is, too.
Anyone else in the community have some things to add about that? I have no idea what sorts of rain and heat are hitting in, say, South America, or Australia, or Europe, etc. |
I thouht 2/3 of the U.S. were roasting? Anyways, I wonder how much of the weird weather changes in the past few years could maybe be due to the lack of sunspots, which I just learned about a couple months ago in an astronomy class. |
The northern US is getting heat and humidity, combining to make "feels like" temperatures of 129F (I guess about 54C): http://www.thonline.com/news/national_world/article_0a7ac2f0-b314-11e0-9aff-001a4bcf6878.html
And our bigass floods a couple-few months ago: http://www.boston.com/bigpicture/2011/05/mississippi_river_flooding.html (Which I guess shouldn't have been too surprising considering Australia experienced much the same thing half a year ago, during the same 'season': http://www.boston.com/bigpicture/2011/01/australian_flooding.html )
Ironically, Nevada is pleasant this year, with intermittent monsoon-like things breezing in, keeping us ten or fifteen degrees lower than usual -- and I have never seen the leaves around here as lush and verdant as I do now. (Admittedly it's a modestly muggy heat instead of the usual dry heat. But it's still a nice year out here in the desert.)
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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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| Posted: Thu Aug 04, 2011 1:36 am |
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Oklahoma has had nearly a month straight of 100+ temperatures. Today it was up to 111. Weatherman says it's all due to a "heat dome" that's set up shop over OK, Texas and surrounding states in the midwest etc.
It is some straight up bullshit. The morning glories I planted in the spring died of the heat before they ever got a chance to bloom. The tomato plants ended up dying too but at least with those I got some tomatoes out of them before they went.
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Rud31
forum ruler of Iraq
Joined: 05 Dec 2006
Location: SanAnTex
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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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| Posted: Thu Aug 04, 2011 2:36 am |
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I think we're on a "don't water your lawn except for every other day" sort of deal. We've had a drought going on for most of the year, actually probably most of the last two years. On the rare occasion that it does rain it will rain buckets but it's never enough.
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Adilegian
Rogue Scholar
Joined: 05 Dec 2006
Location: Q*Bert Killscreen Nightmare
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| Posted: Thu Aug 04, 2011 2:41 am |
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| Texican Rude wrote: |
| how close is OK to water shortages? Because we are getting pretty damn close to that. |
\
We're getting near it here too. I think we're getting cautions against watering our lawns.
Last year, summer was the season when I'd have to cut my grass every week. This year, the entire neighborhood is brown and yellow with dead grass.
There's a drainage canal that runs behind my house that I sometimes kick my soccerball in when it's not draining water. There's been nothing flowing through there for over a month, but this is not a collective gain for me because it is still too damn hot to go out there and kick a soccerball.
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Toptube
Anti-cabbage Party Candidate
Joined: 23 Apr 2007
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| Posted: Thu Aug 04, 2011 8:39 am |
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SF had monsoon rain all of May, too. But I dunno if that's normal or not around here because it was my first Spring here.
Lately its been basically perfect everyday, 65 - 70F. With occasional hot days of 75F. |
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GrimmSweeper
Joined: 05 Dec 2006
Location: Canada
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| Posted: Thu Aug 04, 2011 2:35 pm |
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| Toptube wrote: |
| Talbain wrote: |
What exactly is being cut in that 2.4 trillion? Doesn't seem clear in the article.
edit: Ah, here it is.
| Quote: |
At least $2.1 trillion in spending cuts: The framework would immediately cap domestic and defense spending, resulting in cuts of $917 billion over 10 years.
The framework then calls for more deficit reduction -- between $1.2 trillion and $1.5 trillion worth -- to be determined by the end of this year and imposed over 10 years |
Well, glad they're cutting defense spending. What is defined in "domestic" spending is something I'd like to know. As for deficit reduction, that's kind of a lark. |
They will pretend to cut defense spending, but America will find another thing to police and shoot missiles at. Effectively returning the cash flow, just from a different tributary. |
Considering they were already planning to move out of Afghanistan before this cutting crisis occurred, this just gave them the opportunity to spin it in a new light. It was already a done deal and projected, from my understanding.
The initial amount of money spent paying down the debt don't seem enough for the 4 trillion necessary to avoid a credit rating downgrade, either. |
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Winona Ghost Ryder
lives in a monochromatic world
Joined: 04 Dec 2006
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Adilegian
Rogue Scholar
Joined: 05 Dec 2006
Location: Q*Bert Killscreen Nightmare
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| Posted: Fri Aug 05, 2011 11:59 pm |
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Oh hell no not Rick Perry oh god
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Shiren the Launderer
Joined: 25 Sep 2008
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| Posted: Sat Aug 06, 2011 12:32 am |
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we lost our AAA rating from S&P
gj capitalism |
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Rud31
forum ruler of Iraq
Joined: 05 Dec 2006
Location: SanAnTex
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Rud31
forum ruler of Iraq
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This Machine Kills Fascis
Unfinite Indiscovery
Joined: 06 Dec 2006
Location: Inside Thomas the Tank Engine, screaming
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| Posted: Sun Aug 07, 2011 1:24 am |
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| Shiren the Launderer wrote: |
we lost our AAA rating from S&P
gj capitalism |
They had a legit representation from S&P on Anderson Cooper last night (I usually don't watch, but this caught my attention). He said that of the 5 factors they use to determine credit ratings for sovereigns, political stability and perceived reliability were the areas where the US was most harshly judged.
By highly publicizing a squabble over a routine financial decision and literally waiting until the last day to raise the debt ceiling, the US made itself seem less reliable as a financial entity. He even specifically suggested that repealing Bush's tax cuts or otherwise raising taxes for the top 15% would have greatly helped the US's standing in the eye of S&P. In the current plan we're cutting spending (and not by very much) but not bringing in any additional revenue. Like many countries these days, our Gross Domestic Product is not rising or rising at a crawl, so a refusal to tax for additional funds exacerbates the threat of our dept equaling or exceeding our GDP.
CNN analysts then mentioned that many other credit rating organizations had already downgraded the US, so if S&P had kept us at AAA they may have been criticized for bias and perhaps lost their standing as the go-to organization they are today.
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"Godzilla could be anyone."
| MrSkeleton wrote: |
| i dont know how to give a thing made of blood but id do it |
| evnvnv wrote: |
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This Machine Kills Fascis
Unfinite Indiscovery
Joined: 06 Dec 2006
Location: Inside Thomas the Tank Engine, screaming
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| Posted: Sun Aug 07, 2011 1:31 am |
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The way I see it, the GOP tried to play some bullshit political game to make the president look bad. Eventually, they realized they couldn't control the Tea Partiers because they're incompetent buffoons who are in way over their heads and suspicious of everyone and everything. The situation got out of hand, and we ended up with some horrible desperation deal that will significantly hurt the country. Now congress as a whole looks bad, and--come election time--we'll have to deal with the "Obama let our financials go to shit under his watch" spin.
Disgusting.
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"Godzilla could be anyone."
| MrSkeleton wrote: |
| i dont know how to give a thing made of blood but id do it |
| evnvnv wrote: |
| If you die in the axe, you die in real life |
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Loki Laufeyson
fps fragmaster
Joined: 05 Dec 2006
Location: Beneath the Mushroom Kingdom
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Mr. Mechanical
ontological terrorist
Joined: 04 Dec 2006
Location: Scare Room 99
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| Posted: Sun Aug 07, 2011 2:18 am |
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Why? American police shoot and taser people to death all the time and nothing ever happens. What's the context with the London incident?
Also here are a couple recent Greenwald articles on the recent debt ceiling fracas that are both worth reading:
Democratic politics in a nutshell
The myth of Obama's "blunders" and "weakness"
A large part of the problem in US politics right now is that there is no actual representation for the parts of the population that hold progressive ideologies. Plenty of Democrats, including the President, were pushing for huge spending cuts but they knew it wouldn't look good to their base. Good thing Republicans and the Tea Party stepped up to the plate to act as bogeymen.
We need a left wing Tea Party as an alternative to the Democrats because for whatever reason the Democrats cannot or will not stand up to Republicans and Tea Partiers. It seems like they've done nothing but cave and capitulate to the GOP on a host of issues since Obama took office and now that the Tea Party knows they can hold the economy hostage and make the Democrats give in to their demands they will try it again the next time the debt ceiling comes up for vote. Mitch McConnell said as much himself. We're going to go through all this bullshit again in the near future and the Democrats are probably going to do jack shit to stop it, like they usually do.
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Loki Laufeyson
fps fragmaster
Joined: 05 Dec 2006
Location: Beneath the Mushroom Kingdom
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Shiren the Launderer
Joined: 25 Sep 2008
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| Posted: Sun Aug 07, 2011 3:04 am |
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| This Machine Kills Fascis wrote: |
| Shiren the Launderer wrote: |
we lost our AAA rating from S&P
gj capitalism |
They had a legit representation from S&P on Anderson Cooper last night (I usually don't watch, but this caught my attention). He said that of the 5 factors they use to determine credit ratings for sovereigns, political stability and perceived reliability were the areas where the US was most harshly judged.
By highly publicizing a squabble over a routine financial decision and literally waiting until the last day to raise the debt ceiling, the US made itself seem less reliable as a financial entity. He even specifically suggested that repealing Bush's tax cuts or otherwise raising taxes for the top 15% would have greatly helped the US's standing in the eye of S&P. In the current plan we're cutting spending (and not by very much) but not bringing in any additional revenue. Like many countries these days, our Gross Domestic Product is not rising or rising at a crawl, so a refusal to tax for additional funds exacerbates the threat of our dept equaling or exceeding our GDP.
CNN analysts then mentioned that many other credit rating organizations had already downgraded the US, so if S&P had kept us at AAA they may have been criticized for bias and perhaps lost their standing as the go-to organization they are today. |
That's nice and all but S&P gave AAA ratings to the financial devices that caused the recession. |
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