patrick.net

Truly I think people don't grasp that this shutdown is a BIPARTISAN dysfunction not some orchestrated temper tantrum by a deranged minority.

So vote Republican.

Vicente says

House Conservatives Excited about Shutdown

Well they are until their next government subsidy, tax credit/rebate, or economic perk does'nt arrive. That's when the bitching will REALLY start.

BTW, I wonder if Bachmann will get a crop insurance check for her familiy's farm on time?

Vicente says

Truly I think people don't grasp that this shutdown is a BIPARTISAN dysfunction not some orchestrated temper tantrum by a deranged minority.

I think it's a biproduct of not living within the means. Obama should have stuck within the budget.

10 bucks sez the libbys blink first.

+800,000 without pay should not have any effect on small businesses,which Reps love, in local communities.

Unemployed definition-No pay,I'm unemployed.

Where's the unemployment number now. Thanks Republicans.

I am heartened by the deep concern shown by conservatives over debt since the morning of January 21, 2009.

I am sure, however, that this deep fiscal probity will vanish the moment the next Republican president takes the oath of office.

They're excited? About what? That's curious to me seeing as how they totally did a 1995 all over again. Perhaps they should be excited about what sort of moving boxes they can find out there.

The Libs are lucky bastards, they should look at the GOP's proposal as a way out of this disaster that will seal their fate as a dead party, if Obamacare continues. The Libs should take the defunding, then blame the GOP for Obamacare not ever being implemented.

Call it Crazy says

I thought it was 1996???

No. In 1996 we had something called an "economy." That's a big fancy word for people working together to create prosperity for all. As opposed to a system of exploitation that exclusively benefits the top 0.1% (like we have in 2013).

Vicente says

Truly I think people don't grasp that this shutdown is a BIPARTISAN dysfunction not some orchestrated temper tantrum by a deranged minority.

Yes. It's entirely the fault of Pelosi and Reid. If they had been willing to come to the table and negotiate this could have been easily avoided. jk

Bellingham Bill says

LOL, ask a straight question, get 3 Dislikes in response.

Didn't you get the memo ? The dislike link is what you hit if you dislike the person (or their percieved political ideology) making the comment.

freak80 says

In 1996 we had something called an "economy." That's a big fancy word for people working together to create prosperity for all

my take on the 1990s was that we were laying the seeds of our current destruction then.

Allowing the Chinese to devalue the yuan 50%:

http://research.stlouisfed.org/fred2/series/EXCHUS

soon gave us a trade deficit 2 - 3X as bad as the Japanese/German one of the 80s:

http://research.stlouisfed.org/fred2/graph/?g=mX6

Greenspan changed monetary regimes around 1995 too:

http://research.stlouisfed.org/fred2/series/M3

TBTF got its start in the 1980s, but really got rolling in the mid-90s:

http://research.stlouisfed.org/fred2/graph/?g=mX7

(financial debt / GDP)

So times were pretty good in the late 1990s, but it was going to end. We also had a nice tailwind from dirt-cheap oil prices, $10-20 bbl, for most of the 1990s.

http://research.stlouisfed.org/fred2/series/DCOILBRENTEU

Rents rose 50% over the 1990s:

http://research.stlouisfed.org/fred2/series/CUUR0000SEHA

laying another brick in that wall, while health care costs expanded from $4000 to $5000 per capita:

http://research.stlouisfed.org/fred2/graph/?g=mXe

that's real, not nominal

Bellingham Bill says

my take on the 1990s was that we were laying the seeds of our current destruction then.

The party was fun while it lasted. :-)

Bellingham Bill says

my take on the 1990s was that we were laying the seeds of our current
destruction then.

By paying off the government debt? It knda looks asthough the few times the the government debt has been greatly reduced, there's a depression or deep recession soon to follow.

upisdown says

It knda looks asthough the few times the the government debt has been greatly reduced, there's a depression or deep recession soon to follow.

This is because of big debt flimflam.

http://research.stlouisfed.org/fred2/graph/?g=mXT

blue is total private debt growth YOY

red is Fed's debt growth (not counting trust funds) YOY

You can see the economy go on super-cruise in the late 1990s with debt take-on doubling from $1T/yr to $2T/yr.

Borrow $2T/yr, and $500B or whatever is going to be collected by the Feds as that hot money cycles through the private economy.

The late housing bubble can also be seen here, where private borrowing went from $2T/yr to $4T/yr right before everybody ran out of gas in 2007-2008.

Bellingham Bill says

blue is total private debt growth YOY

red is Fed's debt growth (not counting trust funds) YOY

Well, if the graph shows the 2 being inverse, ythen wouldn't they also be inverse if the fed and private were switched or in opposite positions as now?

Thanks for the response and explanation by the way.