tasman1 wrote: Debt ceiling in USA is to low same as ceiling here for non paying survey
Today I have only 2 non paid survey , I demand ceiling to increase to 5 non paying survey per day
It's low for a reason you know, we are talking about debt - it's essentially a bill that allows America to spend more money that it does not have. The deal just ADDS more to the debt, but they want to LIMIT the amount each time, as to not encourage over spending (ahahahaha yeah - I know, so let's say instead to LIMIT the overspending). There is no way in billions of years that America can pay off its entire debt, I dunno how the HELL they even manage to borrow money, who would loan money to someone who can never repay even the bloody interests ?
Republicans are against abortion, they want spending cuts, I agree, they want a nice big wall, I agree 2000%, but allowing for unwanted babies to be born to rape and have that child subject to poor treatment and leading a miserable life, possibly turning to crime later on, I do not think the world needs this, I think abortion should be allowed under those circumstances - NOT as a way to f*ck around and use it as birth control but in very specific instances - Let's see now the hypocrisy of Republicans who want cuts in spending - how much did they spend for a fraudulent war in the Middle East that resulted in no change and in fact a worse situation ? Both sides of the political spectrum should be a damn shamed of themselves, they both have done wrong in many areas. Even though the debt ceiling thing should be done with, it's there to put a break - when the ceiling is breached, it's a time out and discuss changes, which is a one monstrous joke in the end, because they never can cut enough - the waste is still there, to begin with why don't they abolish COMPLETELY the space program, it is a giant scam - it is grand robbery - who gives a shit about space and aliens and other bloody planets we can never live on - not worth spending trillions of $ - instead that money should be better spent here on this planet - if there is one area to cut it's there, next area, international help - it's one thing to help other countries, but enough is enough, you gotta help your own first, you cannot spend billions of $ that you don't have !!!! TRAVEL, why have politicians travel abroad and spend tax dollars money ? We have technology, high speed internet and video conferencing, use it !!! Incarceration - it is paid for by the tax payer !!! It costs an average of $50k or even more per person, ridiculous, all this should be paid for by convict - and if they cannot afford it, then it is paid for by the state. oh and someone who killed, raped, or did a crime that warrants them a death sentence, they get to choose their last meal, anything they want..REALLY ????????????? There are billions of people who are starving to death, who are eating 1 meal every other day, can barely afford half a loaf of bread - and yet you have death row inmates chowing down steaks, lobsters, pancakes, etc ?
The whole Biden and McCarthy thing is a damn circus act - they have done NOTHING where it matters the most.
The COVID19 relief money, which is probably the biggest mistake that has triggered this persistent inflation in the first place - when you look back, it would have been better to go through an economical slowdown and recession during the pandemic, and inflation would at least stay in check, even a 2 year recession would have been better than this inflation MADNESS right now !
The Dems have done so many mistakes, and the GOP has done so many themselves too - HYPOCRITES on both sides of the fence, putting on a good circus show putting on a last minute deal in the end that benefits nobody because politicians are what they are, corrupt and greedy, and in the end nothing will change... This deal is not for the country, it is for each part's own political agenda.
Watch out investors - don't be fooled by the relief rally - the stocks are going to plummet shortly after.
1) Hot inflation data - the Fed reserve lost control, and interest hikes are not working to tame inflation.
2) The debt was breached since JANUARY and sine then Treasury has used extraordinary measures to pay the bills and pretty much has gone through its reserve. Money doe snot grow on trees, they have to recover these funds !
I do not think markets have priced in persistent inflation, war uncertainty and the real risks ahead, so I see markets correcting not long after the relief rally - BUT at least if a default is avoided through a vote (which is yet to come), that will LIMIT the damage, but I believe due to the VIX being so low, given the current context, it signals that the markets are ripe for a big correction - I'd say in the order of maybe 15-20%, unless there is data suggesting inflation is cooling off, which is NOT the case right now, it's still too hot.
SO YEAH, let's continue spending trillions of $ to look for mysterious statues on Mars, or to look for the wall at the edge of the universe, or to look for aliens, good idea !