iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Debt Ceiling Crisis “Collective Insanity”

“A default because of a failure to raise the Federal debt ceiling would be an act of collective insanity,” Buiter, London-based chief economist for Citigroup, wrote in a note dated July 28. “The implications of even a technical U.S. default are likely to be severe both for the U.S. and the world economy, involving a widespread rise in public and private funding costs, a generalized fall in asset prices, and a large hit to economic growth.”

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7 comments

  1. Scavenger

    Cut, Cap and Balance, baby!!!

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  2. Juiceyfruit

    Fly, where are the directions for posting news, please?

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    • DMG

      Please, spare us your puppet show dialogues.

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      • Juiceyfruit

        “) Truly, you alone protect yourselves and rescue yourselves from the dangers (risks) in your existence, such as on
        the land, on the waters, amongst the rocks (mountains), in the air, in the firmaments (universe) and on the
        earths (worlds/planets) when you go out everywhere to where you want, because there are none of the fabulated (invented) gods and tin gods who can vouchsafe protection for you and rescue you because whatever is
        unsubstantial and delusion of the brain can neither help nor rescue nor perform miracles (outstanding things);
        and consider that even if you secretly call on gods and tin gods and make supplications to them in disparaging
        submissiveness, or to people of your kind (human beings) who raise themselves up as godheads or as envoys
        and representatives (substitutes) of gods and tin gods, then they can bring you neither help nor rescue, because they are fabulated (invented) gods and tin gods or people of your kind (human beings) and are powerless (incapable), therefore any help and rescue in any way is only provided by yourselves and within your power.”

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        • DMG

          Again (one more time) you are completely (100%) out of your gourd (retarded).
          However, i support your right to believe whatever the hell you want.

          I also notice you were very quick to post that story predicting we’re within 10 (20?) yrs of finding et’s yet no comment about this one: http://www.space.com/12421-alien-life-rare-universe-extraterrestrials-seti.html .

          Drink plenty of fluids this weekend, they are predicting ‘near record heat wave again’. Funny that the record for hottest (in Boston) was 1911. Strange…

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          • Juiceyfruit

            Human life may be somewhat rare in the universe, considering the size of the universe, but that does not mean that there aren’t millions of civilizations scattered among the (as far as we’re concerned) infinite expanse of this universe.

            How about that this is not the only universe?

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  3. Sikander

    Whom the gods will destroy, they first make mad.

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