Thanks GOP.....for costing the country again

Some good and interesting points in here, Max. Part of my answer will likely include "potential GDP". But, I'm almost done downloading an itunes show and it's time to watch it. : )

 

One of the best shows ive seen in a while We Steal Secrets: The Story of WikiLeaks download it and watch it if you get a chance, this is not the new wiki leaks movie, it is a bipartisan documentary that looks at both sides of assange, and the creation of wiki leaks. It also focuses on Bradly Manning and how he ended up giving up all of those files, something that was never really covered in the media.

 

No, the shutdown is not going to save money.


"Standard & Poor’s is estimating that the shutdown will cut about 0.6 percent off inflation-adjusted gross domestic product, equivalent to $24 billion"


So again, thanks GOP, for nothing. Useless obstructionist vandals.

 

There are new deaths connected to the Obama administration’s Fast and Furious gun-walking program. 3 Mexican police officers were killed with a grenade that the Bureau of Alcohol, Tobacco, Firearms, and Explosives allowed to “walk” over the Mexican border.

from CBS:

CBS News has learned of a shocking link between a deadly drug cartel shootout with Mexican police last week and a controversial case in the U.S. The link is one of the grenades used in the violent fight, which killed three policemen and four cartel members and was captured on video by residents in the area.

According to a Justice Department “Significant Incident Report” filed Tuesday and obtained by CBS News, evidence connects one of the grenades to Jean Baptiste Kingery, an alleged firearms trafficker U.S. officials allowed to operate for years without arresting despite significant evidence that he was moving massive amounts of grenade parts and ammunition to Mexico’s ruthless drug cartels.

The gun battle took place last week in Guadalajara. Authorities say five members of the Jalisco New Generation Cartel used at least nine firearms and ten hand grenades against Mexican police. If one of the grenades was supplied with the help of Kingery, as believed, it adds to the toll of lives taken with weapons trafficked by suspects U.S. officials watched but did not stop.

The Kingery case was overseen by the same Arizona U.S. Attorney and ATF office that let suspects traffic thousands of weapons to Mexican drug cartels in the operation dubbed Fast and Furious. The strategy was to try to get to the cartel kingpins, but it was halted after CBS News reported that Fast and Furious weapons were used by cartel thugs in the murder of Border Patrol agent Brian Terry on December 15, 2010. Weapons trafficked by other ATF suspects under surveillance were used two months later in the cartel murder of Immigration and Customs Agent Jaime Zapata in Mexico on February 15, 2011.

On Wednesday, ATF told CBS News it has “no information” about the Kingery connection to last week’s gun battle in Mexico.

As CBS News previously reported, documents show ATF began watching Kingery in “2004 related to AK47 purchases” he was believed to be trafficking to Mexico.

In 2009, ATF also learned Kingery was dealing in grenades; weapons of choice for Mexico’s killer cartels. Documents show they developed a secret plan to let him smuggle parts to Mexico in early 2010 and follow him to his factory. Some ATF agents vehemently objected, worried that Kingery would disappear once he crossed the border into Mexico. That’s exactly what happened.

There is blood on the hands of high-ranking Obama administration officials. The death toll from Fast and Furious is now estimated to be over 300 people, including two US Federal Agents.

The Obama administration continues to block Congressional investigations into the program while calling it a “phony scandal.”

 

Just got it, prolly watch tomorrow night. : )

 

President Obama keeps saying over and over again that not raising the debt ceiling would have caused economic catastrophe. This is, of course, quite dishonest as the debt ceiling and default on our debt have no direct connection.

But we did what Obama asked anyway, and what did we get for it? Another downgrade in the nation’s credit score. Let’s see what their reasoning was…

from France 24:

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged”.

Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement.

The announcement came after the US Congress passed and President Barack Obama signed a bill that extends the nation’s borrowing authority and ends a two-week government shutdown.

"The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged," Dagong said in the statement, adding Washington’s solvency was vulnerable as old debts were still repaid through raising new debts.

"Hence the government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future," it said.

See, President Obama and the establishment politicians on Capitol Hill (on both sides of the aisle) live in a backwards world where the key to keeping your fiscal house in order is to run up as much debt as you can. America is using credit cards to pay its credit card bills, and that just can’t go on forever.

 

I thought it was pretty cool, let me know what you think

 

Ricter, look up "deadweight loss" and get back to me. Yeah,it's an economic term. It's about time you learned something around here.

 

We've already been through that, please look up "idle money". Ok, maybe one doesn't need to look that up. : )