The ET Caucus

RCG Trader · Nov 19, 2012

Quote from Mav88:

We've known for quite some time about the demographic time bomb, democrats refuse to address it.

2 things are about to happen each with 50% chance

1. Sequestration
2. A massive can-kicking charade. It will temporarily soothe everyone.

I can predict with certainty what will not happen: a long term solution

So the caucus present on this thread feels there will be a can kicking.

How will Boehner and the President kick the can? This could be an intrade thing you know.

Tsing Tao · Nov 19, 2012

Quote from RCG Trader:

So the caucus present on this thread feels there will be a can kicking.

How will Boehner and the President kick the can? This could be an intrade thing you know.

The same way they did last time. They'll agree to a one time raising of the debt limit in exchange for some auto cuts down the line.

pspr · Nov 19, 2012

Quote from Tsing Tao:

The "Tax Revenue Average" assumption is hilarious. No way we go until 2045. Does anyone with an IQ over 100 actually think we're going to collect more taxes in the next decade than we have in the last 5 years?

The chart is based on GDP not dollar numbers. But, it doesn't take into account any government spending (defense, omnibus, etc.) other than entitlements. My purpose in presenting it is to show we are on the fast track to a certain economic crash without entitlement reform.

RCG Trader · Nov 19, 2012

Quote from Tsing Tao:

The same way they did last time. They'll agree to a one time raising of the debt limit in exchange for some auto cuts down the line.

President Obama says that he will not do that again. You think he will fold?

Lucrum · Nov 19, 2012

Quote from RCG Trader:

President Obama says...

LOL I stopped reading right there.
No one with two brain cells to rub together believes anything he says.

Tsing Tao · Nov 19, 2012

Quote from pspr:

The chart is based on GDP not dollar numbers. But, it doesn't take into account any government spending (defense, omnibus, etc.) other than entitlements. My purpose in presenting it is to show we are on the fast track to a certain economic crash without entitlement reform.

I understand, and appreciate your purpose in posting the chart. I'm also aware of the % of GDP calc. What I'm telling you is that there is no way that historical income tax received number is going to hold up. We'll be at critical mass way before 2045. Probably 10 to 15 years before.

Tsing Tao · Nov 19, 2012

Quote from RCG Trader:

President Obama says that he will not do that again. You think he will fold?

He said he would never have done it in the first place, and he did. Why should I believe he'll do it this time?

RCG Trader · Nov 19, 2012

Quote from Tsing Tao:

He said he would never have done it in the first place, and he did. Why should I believe he'll do it this time?

Things said in the first term, vs things said in the second are night and day, Tsing, you know that.

I think if Obama does not get what he wants, we go off the cliff, he will blame the pubs, and the people will be very angry come 2014.

That said, Boehner will fold under that kind of stress. My only question is what gets cut?

RCG Trader · Nov 19, 2012

Quote from Tsing Tao:

I understand, and appreciate your purpose in posting the chart. I'm also aware of the % of GDP calc. What I'm telling you is that there is no way that historical income tax received number is going to hold up. We'll be at critical mass way before 2045. Probably 10 to 15 years before.

It's just a guess, but by 2020, people will be able to see the comet in the sky, during broad daylight. ( If you understand that analogy)

Lucrum · Nov 19, 2012

Quote from RCG Trader:

Things said in the first term, vs things said in the second are night and day...

LOL NO, genius. A lie is a lie is a lie. WHEN it was told doesn't change anything.