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What? You got this all wrong. They have their principles and they will stick to them. Their principles consist mainly of staying in power. Oh sure, the TP is all about cutting. Heck, so is most of the country. But everybody wants to cut a nice juicy steak out of somebody elses cow...

Burrito Night strikes again!

No spending cuts `til 2013. Will the TPers go away with a whimper or return stronger than ever? http://news.yahoo.com/white-house-expiry-bush-tax-cuts-spur-reform-021437154.html WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal...

Or maybe better due to this. We waste the lowlifes and get back to producing right quick. I mean, who would you bet on? The producer or the looter? Sure, a bunch of lightweight producers'll get wiped out, but then the looters face the strong producers. Heh. Good night all evil doers...

For the record Boehner's plan ain't shit. Nor is any other plan that even has a measly 1% chance of being passed. That's the rub, that's the part the markets hate. Boner's Plan is like a heroin addict thinking about going 10 minutes without a hit and shitting his pants in utter terror. I...

Another libtard gets his facts wrong (what a surprise): http://news.yahoo.com/debt-limit-vote-postponed-gop-seeks-support-223001521.html

No doubt. All these `tards running around screaming US default! show just how poorly understood economics is. Although a downgrade would have some impact. But the US is not going to default, not this year. Not next year.

LMAO. But this isn't the jokes thread.

If you have two candidates for one job, which do you think is better? The guy who's been sitting on the couch in front of the TV for 2 years or the guy who already has a job and wants to move up?

Welcome to the Dark Side. ;)

At least some things are obvious. The US will not default. . . well, not in the next ten years at least. Both major political US parties will increase spending and the debt will grow. There may be cycles of fortuitous economics such that revenue briefly grows more than deficits, but the very...

Heh, reminds me of a quote from PJ O'Rourke. He was writing an article about a case before SCOTUS, and one of the lawyers quoted some law case saying that "Congress had acted carefully." PJ wrote "which means who knows what plus I doubt it."

I agree. I'm one of the biggest small government types on this board, but even I would say that if we have decided that some banks were too big to fail, then WTF are they even bigger now? One cannot pass laws and regulations to keep banks (or anyone else for that matter) from taking on so...

QE3 will indeed head us North - somewhat. But the idea that we need a QE3 and that it is not immediately forthcoming will drive us down until Uncle Benji announces QE3. Ultimately it will have much less of an impact than QE2, and we will soon clamor for QE4. QE4 will be a big $#*^ing joke...

It's not that. It's how the bottom 50% that pay nothing bitch about the "rich" not paying "their fair share". I mean, if you're sitting at the dinner table getting fed for free, WTF should you have any voice whatsoever in who pays the tab? Or what is on the menu? It's not costing you a...

I got a bead on that. He's thinking an EU failure cascade and continued downtrend in housing, all of which wipe out trillions and gives the Super Fed plenty of room to expand. Meanwhile, he can blame those dastardly republicans for their "deep cuts" that caused QE2 to fail and required QE3 and 4.

Yeah, it's routine for people to bid up prices. Cannot count the number of times I've seen used stuff sell for a bit more than brand spankin' new from a merchant. People are idiots. You can still get deals on eBay, but you have to be patient. It is a LOT like trading, you have to bide your...

Look at this market. Uncle Benjie better announce QEs 4 5 and 6 right away!

One is wise indeed to wonder about the wisdom of the crowd. Thank you for this lesson it is very much one I need to hear (again and likely again some more). You are perceptive to realize that all is known and even more so that all know all is known. Everyone knows Greece will default...

While there are benefits to be gained from a generally optimistic viewpoint (and I reap those benes), when it comes to dollars you'd best know your risks. You can stand in the middle of the road hoping the tanks will turn and perhaps that was a good life for you, but in the square you're being...