I will never vote republican again, at least under its present form. The rationale for the current disagreement hinges on a MEDICAL DEVICE TAX? Are you fucking kidding me? Pardon my language, but I couldn’t contain myself. This sort of barbaric thinking is the reason why this country is being led down the toilet bowl.
The best case scenario is we punt this until February, setting up for an early 2014 market rout. Worst case scenario, the god damned bible thumping republicans willingly destroy our credit worthiness. I do not want to hear about the 14th amendment or how we will not default, since we have enough cash to “cover interest and principle expenses.” The fact of the matter is, we do not have a budget. During this morning’s Citigroup conference call, they bragged about not owning short term treasuries.
THIS IS ABSURD.
If they hang the nation, I will be laughing as I swing–because I ain’t selling shit.
Both parties have their extremist wings.
oh really? care to share who rivals the tea party?
How about the fucking anarchist nut bags?
All 12 of them, none of them members of Congress.
Marxism
Chivo – There are many liberal extremists who hold views just as far from center. Warren, Boxer, Feinstein, Schumer, Durbin, umm Mayor Bloomberg
LOL
Who rivals the Tea Party? I would say it’s the people who want to tear down US Banks. The Elizabeth Warren types.
but they only manage to be estremistrashits like this
Pew Research Center poll results just reached:
“52% of Tea Party Republicans – believe the debt limit does not need to be raised at all”
“Overall, 43% of conservative Republicans believe the U.S. can not only go past the deadline, but also say that raising the debt ceiling is not needed at all. Roughly half (52%) of Republicans and Republican-leaning independents who agree with the Tea Party say it is not necessary, now or ever, to raise the debt ceiling.”
Too many people have been inside the bubble for too long.
link: http://www.people-press.org/2013/10/15/as-debt-limit-deadline-nears-concern-ticks-up-but-skepticism-persists/
or the Occupy Wall St cabal
If the 0 negotiates on 0care this whole thing gets solved. Not really that complicated. Why is that so impossible?
Although I think Obamacare is stupid, I do not believe it is appropriate to discuss these fucking matters now, two days until the deadline.
This people are fucking braindead.
This discussion concerns life outside the bubble. You have nothing to add.
Who is inside the bubble?
I know you’re not addressing me.
Do I really have to explain to you how the reply hierarchy in your comments works?
ibird is a permanent bubble resident, unable to survive in the atmosphere outside the bubble.
No tea bagger. They would destroy the game. The facts are the facts. 0 deals this thing is solved.
Louder, please. We can barely hear you on the outside.
http://cps-static.rovicorp.com/2/Open/Disney/Bubble%20Boy/_derived_jpg_q90_600x800_m0/BubbleBoy-Still8.jpg?partner=allmovie_soap
What anarchists are congressional representatives of the democratic party? or the occupy movement? I didn’t mean to suggest that there was no rival to the tea party, but budh said “both parties” have their extremist wings, and I do question that statement. It’s not true.
LOL, the whole Democratic party is extremist, starting with the man at the top.
“LOL, the whole Democratic party is extremist, starting with the man at the top.”
=============
Yep, that’s my take.
I can’t wait to hear Michael Savage’s new meatball recipe tonight.
LOL 😀
Even if you have a conservative slant you cant really vote for a party that are disingenuous, bend facts, ever considered having Sarah Palin as a VC candidate, Michelle Bachmann kissing old timers and Ted Cruz quoting Dr Seuss. They are f*cking nuts. They are actually an insult to sound minded conservatives everywhere.
Correction *Sarah Palin VP*
You left out Herman Cain quoting Pokemon.
That was hilarious. If you ever were going to do parody of a politician, Cain was it. Promise the unattainable (9/9/9)… deliver ridiculous speeches with hilarious sources to quote from… and then eventually withdraw the race after rising in the polls due to infidelity allegations.
Barry Goldwater would slit his throat if he were alive today
So would Jack Kennedy.
I’m gonna say no. He believed in universal healthcare, btw.
On many other issues, however, he held positions alien to today’s democrats. Taxes, for one.
Thanks for the midday chuckle Fly.
I always enjoy the blog writing when you go from one extreme to another.
You know, of course, that it will be resolved just in the nick (no Patrick Ewing) of time. The DC crowd’s power and perks depend upon it.
One should really be worried about quality of earnings and how the stock reacts to same.
His 3:30 pm twitter rants are always good for a laugh. He goes animal mother on the CNBC folk.
..hate to say I told you so.
Fly, don’t let something as meaningless as this charade cloud your sterling world view, lol.
Tax and spend vs. inconsiderates leaving shopping carts full in aisles. Much more at stake than a device tax. BTW, next is the “investment tax”, no?
Politics is like Hungry Hungry Hippos, everyone is fat and there aren’t enough balls to go around. The only loser in both games are my children (I beat the snot out of them in HHH).
*no advice offered, lol
A politician on a campaign promised everyone $50 if they voted for him. Once elected he came back and took $100 from everyone. The next day he gave everyone back $50 and said “now I have $50, you have $50… we’ll call it even!”
Of coruse Tea Nuts want to delay the medical device tax. The medical device tax would tax those people who charge $30,000 for medical equipment like hip replacement equipment that cost them $300 to make. Do you realize how much those companies must have been able to afford to donate to political campaigns? Of course donations can legally be secret now, so we will never know the actual amount.
The Tea Nuts are beholden to companies like these medical/insurance industrial complex people. And, in addition to that, this tax would help to pay for Obamacare. And how will the Tea Nuts say that Obamacare increased the deficit hugely, if it ends up paying for itself with the medical device tax? Tea Nuts want Obamacare to increase the deficit, so that they can keep trying to get rid of it– ObamaCare, not the deficit. The deficit is fine with them, as long as it finances subsidies, government contracts etc. for crony capitalist welfare queens.
Do YOU realize the amount of expertise it takes to install a hip, or the near 15 years of constant top-tier schooling, residency, practice building and grunt work it takes to get there?
Or that everything from the Hospital, to the support staff, to the R&D that went into the hip, to the drugs used pre and post op, to the surgeon / anesthesiologist require financial incentive to continue the innovation and care you presume should be, what, negligible?
Or are you the type that balks at having a lawyer read a 5 page document for $800?
LOL.
Im waiting on my new right hip as we speak (>30K) ..ps I just turned 50
Yeah, Americans pay more than anybody else on earth for medical care because we have the best medical care in the world. Oh, wait a minute, we don’t. We are far below many other nations in numerous categories of quality of health care.
I live next to the world’s largest medical center. Recently, a sheik reserved an entire floor for a heart operation. The Russian president came here for a routine heart procedure. A Swiss billionaire on our BoD came here for cancer treatment.
So riddle me this numbnuts, why didn’t they go to Cuba?
Because they have more money than sense. People with more sense than money go to Cuba, India etc. which do not offer great luxury, just good quality care.
Do YOU realize that the tax is on the device only, not the surgeon or the hospital services?
The tax is on the revenue of the producing company, not profits. Not a good idea? Quite a few members of both parties agree and want to do away with it.
Revenue that will be boosted substantially by the addition of patients getting coverage via ACA.
The Democrats that want to drop the tax are from states/districts with substantial device manufacture. They are voting for local interests. That is their right and, to some extent, their duty. Any alignment or conflict with national interests are coincidental.
Horse shit.
The only reason it “costs” that much is because the government is involved, protecting monopolies, rewarding rent-seeking behavior, and supporting graft and corruption.
Take away all of that and people wouldn’t feel like they NEED obozo-care because healthcare wouldn’t cause “bankruptcy-level events” for the average person!
http://buswk.co/1bPBha6
PPACA is evil because it incentivizes everything that is wrong with healthcare in America.
You forgot the biggest problem of all… doctors have to be able to offset their costs which include the high costs of education.
Wrong. PPACA is the closest thing to perfection– perfection being a public option for health care– that could make it through Congress at this time. We need to go back later and go for a public option next time.
All these abuses of the system obviously started before PPACA, because PPACA hasn’t even started yet. PPACA may not remedy all of them, although it will remedy some, like pre-existing condition clauses. The public option may remedy all of them in time.
You are old enough to remember when PPACA was passed, right? The Dems had absolute control of both the House and the Senate at that time. They could have passed ANYTHING they wanted, no bull about “making it through”.
Go look at a five-year chart of XPH vs SPY.
You think PPACA will remedy “abuses of the system”?
The markets say it’s “Game On” for the healthcare oligopoly.
???
And what stops the manufacturers of these medical devices from just raising the price tag to get back to even?
Not a thing. They can raise their prices 2.3%.
This is whats happening IMO. The republicans plan at this point is to take us over the cliff and default on our debt. They know that no reasonable person alive would allow that to happen so they are banking on Obama to exercise his executive power. They will then use that excuse of Obama ‘abusing his power’ (actually saving the nation) as a reason to impeach the president. Most likely this will be unsuccessful. If they are successful they will get Biden and actually be worse off. These republicans are idiots, but they are persistent. The tea party is already drawing up the impeachment papers.
I hope I am wrong and all this is resolved but I honestly think that default and impeachment is their plan at this point.
At this point the best reason to see a default is based upon where public perception lies. Public blames the republicans… So in this “game” of political chicken, the democrats are not going to have to move first at this point. They know that if there is a default, the democrats would be able to pass any and everything they want with minimal resistance as they would win the house in 2014.
The republicans would have no chance of impeachment at all, you need a 2/3rds majority for that and they cant even agree among their own party. Plus they have an election in 2014 and the public would never back it after a crisis which would further hurt their reelection chances with the much needed independents… That would be like trying to impeach Bush days after 9/11. Not gonna happen.
….and in Canada, it wouldn’t cost you a dime…because we have something called healthcare.
Actually it costs us quite a fair bit. We pay significantly more in taxes than Americans, on everything. Also, check the waiting lines when ever you need to go to the hospital.
Well, then you don’t have to pay medical insurance, do you? I’ll bet your additional taxes going toward national medical insurance are cheaper than our private medical insurance– which is at highway robbery prices.
yes we do
OK, of course it costs us and if you never need the system it costs you a bundle. I have had 3 cardiac procedures (I’m fine, thanks for asking) and each time thney were done quickly efficiently and correctly. Because of that, I am able to once again run marathons. I sourced the cost in the U.S. and the minimum total to have the same procedures at the Mayo or Cleveland clinics would have been over $200,000. So, from my standpoint I am way ahead…..and the country has a happy tax paying investing individual back in the game.
Sorry is it my duty to ask, no need for the self-pity. As you put it “of course it costs us and if you never need the system it costs you a bundle” It’s not free as you put it, I was just clarifying that.
Self pity is for retards and republicans…..I was merely using an example that I could accurately explain.
Actually Canadian taxes are very close to American taxes. No estate taxes for one thing.
I could never be a Republican in the cyrrent environment .I’m not homophobic , I’m not a racist , I realy don’t hate poor people and admire the people that try to help them , I don’t bother checking to see if my neighbor goes to church regularly , I absolutelty support higher quality education for all , and lastly I cannot tolerate any group who intentionally tries to do harm to our country .
Oh btw , these assholes lost the election by a popular vote of more than 5,000,000 votes . I too , will never vote for a Republican .
Why did my local KSTE 650 decide it was a good idea to have Sean Hannity on for 4 hours? They had some good hosts that played both sides but this douche bag. He just loves everything with a Republican flag. Guy sucks. But apparently has the ratings to prove me wrong.
Stop wasting time on junior high school civics.
The next PPT OVERSOLD signal is the train to jump on for the year end rally.
Obama/and dems. just pissed that the market didn’t fall 600 points after his scare “warning”
Well Fuckity FUCK FUCK. Everything in my being urged me to sell it all before the close….but i did the opposite, a la george castanze, and held long and strong at 100%.
I am not comfortable leaving my fate in the hands of these got-damn nut jobs.
I’M AGAINST IT, what ever they come up with. Courtesy of Groucho and Zeppo Marx – Horse Feathers (1932) http://youtu.be/4v3etuIw-aM
OK, of course it costs us and if you never need the system it costs you a bundle. I have had 3 cardiac procedures (I’m fine, thanks for asking) and each time thney were done quickly efficiently and correctly. Because of that, I am able to once again run marathons. I sourced the cost in the U.S. and the minimum total to have the same procedures at the Mayo or Cleveland clinics would have been over $200,000. So, from my standpoint I am way ahead…..and the country has a happy tax paying investing individual back in the game.
Wow, your Canadian system sure sounds good to me, jdf. Maybe one day the U.S. will have something that good. Yes, I am sure it costs, but you would not believe how much medical insurance, plus medical expenses that are subject to insurance deductibles etc., cost the U.S. Well, maybe you would believe it, since it is well known that our medical expenses are the highest in the world.
Many people in the U.S. are starting to go to India and other countries when they need expensive operations. There are high quality hospitals in India that do just as good a job for a fraction of the price– even including the price of air fare.
frog – It isnt’ perfect that’s for sure….I think we are ranked about 30th in the world. It comes down to a couple of things….if over my lifetime, I never had to use the system but have paid for it and thereby basically subsidized it for lower income people, I’m fine with that. Like all insurance it is there if I need it. What I don’t get about the US culture is that you (the people) seem to be so anti “socialism” that you are willing to get pillaged by the insurers to prove a point….seems a little counter productive to me.
The U.S. political system is for sale to the highest bidder, because of our system of campaign finance. And health insurers are very rich, able to make large campaign donations to both parties.
The “No socialism” thing is just a phrase that crony capitalists– like health insurance companies– like to say to people to get them to vote for the people that the insureres and other cronies financially support in Congressional elections. “No socialism” sounds pretty to American ears. If it didn’t, they would use another term.
The crony capitalsts make so much money off of the sick and the taxpayers that they can afford very expensive propaganda research to find the prettiest words that can be uttered in a padi political announcement– and the ugliest words that can be used to describe their opponents. Truth is not necessary for effective propaganda– just pretty words/images and ugly words/images.
The U.S. political system is for sale to the highest bidder, because of our system of campaign finance. Health insurers are very rich– able to make large campaign donations to both parties.
The “No socialism” thing is just a phrase that crony capitalists– like health insurance companies– like to say to people to get them to vote for the people that the cronies financially support in Congressional elections.
The crony capitalsts make so much money off of the sick & the taxpayers that they can afford very expensive propaganda research to find the prettiest words that can be uttered in a paid political announcement– and the ugliest words that can be used to describe their opponents. Truth is not necessary for effective propaganda– just pretty words/images and ugly words/images.
Oh well, I have tried twice now, but my “comment is awaiting moderation.” The short answer is that the U.S. political system is for sale to the highest bidder, because of our system of campaign finance. Health insurers are very rich– able to make large campaign donations to both parties.
Fly says…
“I will never vote republican again, at least under its present form…”
==================
Fly…you voting for Hillary in 2016?
Or do you really expect things to change with the democrats wanting open budgets…and free stuff all the time?
Republicans spend just as much money as Dems do. Republicans just hate spending when Dems do it. Dems may tax and spend, but borrowing and spending as the Repubs do, is worse for the budget.
Proof that Republicans are worse for the budget:
“In my lifetime, every Democratic President has left office with a smaller deficit than he inherited, and every Republican President except Nixon has left office with a larger deficit than he inherited. This may be because Republican Presidents have placed high priority on cutting taxes, and placed lower priority on (or had less success at) cutting spending. Democratic Presidents have perhaps had equal success at cutting spending (I haven’t researched those numbers), but have not been bound by promises to cut taxes.”
http://home.adelphi.edu/sbloch/deficits.html
By that logic 100% of people who drink water or are born die is “Proof” water or birth is the cause of death.
Spending is largely governed by policies of the past that the present inherits, interest rates, maturity of past debt, fed policies, technological advancement, global threats (past and current ongoing wars) and growth of businesses and velocity of money, global capital flows,past conditions, current global economic conditions,etc…
Taxes have both long and short term consequences, and whether or not deficit spending is needed and/or contributes to growth depends upon a multitude of factors.
In other words, you don’t try to rate the “worst money manager” by finding out who uses margin levels most often.
“The fact of the matter is, we do not have a budget.” And, remind me why the Senate has not even attempted to pass a budget in at least three years? Might it have been to set up just the sort of continuing-CR bs scenarios we’ve witnessed regularly since?
“The Senate, on March 23 this year, passed a $3.7 trillion budget on a 50-49 vote that maintained entitlements — such as Social Security, Medicaid and Medicare — and discretionary domestic programs. It differed from a $3.5 trillion House budget, passed three days earlier, that significantly cut entitlement programs and deficits over the coming decade.”
“Efforts to send the competing budgets to a conference committee have been unsuccessful, however. A group of Tea Party senators has blocked motions — which need unanimous consent — to advance the Senate’s spending plan. They have insisted on assurances that the budget negotiations would not lead to higher taxes and voiced concern that a conference committee could create momentum for procedures that thwart filibusters against increasing the nation’s debt limit.”
http://www.politifact.com/virginia/statements/2013/oct/14/bob-mcdonnell/mcdonnell-says-us-senate-hasnt-passed-budget-4-12-/
Your government hates you… or may be it’s just stupid.
You can always move to Canada, we have no government just bears running wild.
We have a real problem with our government since the Supreme Court openned the gates on political contributions. The Koch brothers and other right wing zillionaires are running the country by controlling the campaign money for the weak who can be easily controlled. Gerrymanding is also a big problem as it concentrates red and blue. It will be hard to get rid of the nuts due to this. Congress has to changed the laws and it won’t benefit them personally so they probably won’t do it. We may just have to start some citizen protest movements like in the 60’s against the Vietnam war. Anyone who wants to destroy the government, regardless of political party to me is a traitor. These nuts have hurt us more than Snowden. Why can’t we impeach them? What about America for All? The minority is ruling and they are crazy.
We have a real problem with our government since the Supreme Court openned the gates on political contributions. The Koch brothers and other right wing zillionaires are running the country by controlling the campaign money for the weak who can be easily controlled. Gerrymanding is also a big problem as it concentrates red and blue. It will be hard to get rid of the nuts due to this. Congress has to changed the laws and it won’t benefit them personally so they probably won’t do it. We may just have to start some citizen protest movements like in the 60’s against the Vietnam war. Anyone who wants to destroy the government, regardless of political party to me is a traitor. These nuts have hurt us more than Snowden. Why can’t we impeach them? What about America for All? The minority is ruling and they are crazy.
This whole thing will be solved…on time…with the repubs giving in to obama ( PS: i am a lifetime repub. )
That has been the conventional wisdom the whole time. The 0 may be forced to concede a bit. Either way a deal should materialize especially if the 0 will bend.
I never thought I would be hoping that the Cocks would not lose control of the Tea Nuts. But that seems to be our main hope now. If they have not lost control of them, the Cocks will probably get the Tea Partiers to go along and let the debt ceiling be raised, so that the U.S. does not go into default.
Mrs. Pig had a hip replacement January 3rd and this is how fucked up our medical is BEFORE Obamacare in place:
Wife is on Medicare, yet I still have her covered on my small business plan, but there is a law that says all plans under 100 lives, MEDICARE is primary. I currently pay $1050 a month including our $3600 deductible that we hit every year.
Well, here is is mid Oct, and we have NOT HIT OUR DEDUCTIBLE. Medicare has fucked the hospital, doctor and their staffs down to crumbs, and my insurer has not even paid $3600 for their 20% share since MEDICARE covers the first 80%.
If you have kids in medical school, I would tell them to be looking for employment outside the US, because the government is going to fuck them out of anything much more than minimum wage when they are done wrecking what is left of healthcare in this country…That said I burned my Republican care after the last presidential election…Independent all the way…
Medicare does need to be made more efficient. But the ACA is private insurances offering plans, so they will just be doing what they were doing before with a few changes in their plans, like no pre-existing condition clause.
I am selling everything tomorrow morning. Everything. Fuck these idiots.
Sure, they will probably pull a rabbit out of their hat at the last minute. And i’ll miss, maybe, 3% of upside. But if they don’t, there is maybe 20% to 30% of downside. And it may happen in a crash like event.
My guess is a 20% chance of default.
Fuck them and their respective horses…I’ll watch from the sidelines.
Futures are up. Market thinks there will be a deal in time.