Comments on: Adventures with debt-ceiling Kabuki, cont. http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: johnhhaskell http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27926 Sat, 25 Jun 2011 08:50:37 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27926 Excuse me, I meant 0.0075 above post. Imagine how much the Treasury will save if we get yields down to my newly revised target of 0.0025%

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27925 Sat, 25 Jun 2011 08:49:30 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27925 On Thursday the yield on the three month T bill got up to 0.75%. If that isn’t a debt crisis, I don’t know what is. Let’s gut Medicare so we can get the three month T bill down to say, oh I don’t know, 0.25%.

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By: Woltmann http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27876 Fri, 24 Jun 2011 15:26:48 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27876 The last Repub Pres we had in office gave me a stimulus check for $800 while the financial markets were imploding. He gave a lot of other people a lot more stimuli. All this Demo guy we got in there now is giving me is some oil I don’t even need because I’m homeless, jobless and carless. Anybody in there anywhere got any idea what’s really going on out here ..

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By: j_schuur http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27857 Fri, 24 Jun 2011 04:08:16 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27857 Felix – Where is a safe place to put one’s money in the event of a default…besides under the mattres. I am thinking gold, and currencies of countires with big foriegn reserves (not US foreign reserves)…Norway?

If our debt isnt safe, what is?

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By: petertemplar http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27855 Fri, 24 Jun 2011 02:39:17 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27855 Felix, you really don’t know?

You don’t think they are willfully sabotaging the economy for the 2012 election?

The last thing we need to spending cuts or tax hikes.

Welcome to 1937. Sponsored by Felix’s boss Peter Peterson.

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By: engineer27 http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27826 Thu, 23 Jun 2011 18:04:50 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27826 “the markets know full well that the deficit can’t be shrunk without some kind of tax hikes” — I see TC is a believer in Rational Markets Theory.

“can someone remind me again why we’re even going through this?” — assuming that is not a rhetorical question, I assume that if it were dealt with expediently, the congress might have enough time to tackle real issues; which, might be recognized as an “accomplishment” for incumbents.

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By: JasonDick http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27825 Thu, 23 Jun 2011 17:38:41 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27825 I think you’re making the erroneous assumption that markets give a rat’s ass about the federal deficit. If any market was going to care about the deficit, it would be the bond market. But the bond market is near its all-time low.

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By: RichardWatson http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27824 Thu, 23 Jun 2011 17:15:52 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27824 Suggest cut military spending until the Republicans pay actual tax to keep their toys. Compared to building roads and whatnot, roaming around the desert is really way down the importance list.

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By: 3oosion http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27822 Thu, 23 Jun 2011 16:42:18 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27822 The Republicans either weaken the economy through spending cuts or they really weaken the economy through default. That increases their chances in 2012. That’s a major benefit.

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By: jomiku http://blogs.reuters.com/felix-salmon/2011/06/23/adventures-with-debt-ceiling-kabuki-cont/comment-page-1/#comment-27821 Thu, 23 Jun 2011 16:11:19 +0000 http://blogs.reuters.com/felix-salmon/?p=8748#comment-27821 They clearly don’t see this gamesmanship as a disaster. Why? They’ve already told us: their real plan is to dismantle Medicare – and then go after Social Security. Worst case for them is that by lying to people to get elected they create the conditions that then “force” them to “make hard choices” which betray the people who vote for them. I wish I were making that up, but all but I believe 4 House Republicans just voted to eliminate Medicare.

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