Tech Support Stories

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 24 September 2013

Will Republicans Please Put Up Or Shut Up? (I Expect Neither)

Posted on 22:53 by Unknown
For the third time in a couple years, the administration, mainstream media writers, and various Republican members of Congress all pretend there is some sort of budget story in the works.

Government Shutdown Hype

Lisa Rein at the Washington Post kicks off the government shutdown hype with After past shutdowns, Congress gave federal workers back pay. This time? Don’t count on it.
A government shutdown next week would jeopardize the paychecks of more than 800,000 federal workers who could be told to stay home. More than 2 million other employees who are deemed essential by the government — including the active military — would be entitled to their salaries but might not get paid on time.

While there is no law requiring that nonessential employees be compensated if they are ordered off the job, Congress has in the past voted to reimburse their losses once shutdowns ended.

But this go-round could be different. The bitterly divided Congress includes many lawmakers who are unsympathetic to the plight of federal workers and could be loath to help them recoup their money.

“It’s a very different time and a very different Congress,” said Colleen Kelley, president of the National Treasury Employees Union, which represents 150,000 federal workers. “I’m concerned when employees who were here remember that last time employees were paid and think it will happen again, because it’s not a given at all.”
More Hype

Erza Klein adds to the Washington Post hype with There’s much less time to avoid a government shutdown than you think
In theory, the deadline for avoiding a government shutdown is 11:59 p.m. Sept. 30. That gives Congress seven days to figure something out. But those seven days are, at this point, pretty much spoken for.
Still More Hype

Paul Kane, also writing for the Washington Post says Sen. Ted Cruz happy to be outlier in shutdown showdown
Ted Cruz began a frantic effort Monday to bend the Senate to his will by employing tactics that have earned him mostly enemies in his less than nine months in the chamber.

A master of fiery conservative oratory, the freshman senator is trying to block funding for President Obama’s health-care law with a strategy that, if successful, will almost certainly lead to a partial government shutdown next week. The Texan has become the face of an effort variously described as the “dumbest idea,” leading Republicans to a “box canyon” and ending with their political “suicide note.”

And those descriptions were from Cruz’s fellow Senate Republicans. On Monday, Minority Leader Mitch McConnell (Ky.) and Minority Whip John Cornyn (Tex.) joined the list of longtime GOP senators objecting to Cruz’s strategy, which is intended to shut down the government until and unless Democrats agree to abolish funding for Obama’s health-care law.

This has left Cruz in a relatively familiar place, almost alone in advocating a tough strategy that is winning him the adoration of conservative activists but isolation and quiet disdain among his colleagues on Capitol Hill.
The Key Sentence

Did you catch the key sentence in the above article?

Here it is: "Minority Leader Mitch McConnell (Ky.) and Minority Whip John Cornyn (Tex.) joined the list of longtime GOP senators objecting to Cruz’s strategy, which is intended to shut down the government until and unless Democrats agree to abolish funding for Obama’s health-care law."

Another Wolf Call?

In simple terms, Republican leaders have no intent on doing anything but making noise (and complete fools out of themselves).

How many times can Republicans cry "wolf" on a government shutdown and have the call be believed?

Of course mainstream media, especially the Washington Post is ready to go along with the hype, effectively creating a story where there is none.

I Hope I Am Wrong!

I actually hope I am wrong. I hope government shuts down and stays shut down until there are significant, verifiable cuts in the budget (not game-playing cuts in future budgets that won't be honored).

My comment may sound harsh, but it isn't.

  • The quicker we stop funding insane military actions the better.
  • The quicker the US stops being the world's policeman the better.
  • The quicker the US balances its budget the better.
  • The quicker we get rid of government employees, the better. 

My comment holds nothing against Federal employees trying to do their job. It's not their fault.

But do we really need a BLS? Do we really need a Department of Energy? HUD? FHA? etc., etc. I suggest we don't. There are countless government agencies that deserve no funding at all.

And to further reduce government expenditures, it's high time we scrap Davis-Bacon and all prevailing wage laws.

There is so much government waste, it's hard to know where to start.

Where to Start, When to Start

Where to start is debatable; When to start isn't.

The time to start is now (years ago actually), but given that Republican leaders have already thrown in the towel on forcing the issue, the odds of a government shutdown are very small. The odds that a short government shutdown would really accomplish anything are precisely zero.

History suggests that somewhere along the line, Republicans will totally and completely wimp out (because they always do). But as I said, I hope I am wrong.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Workforce, Population, Jobs by Age-Group
    Here are a few demographic-related charts of the workforce, civilian non-institutional population, and jobs, by age-group, from reader Tim W...
  • Is the US Spending Enough on Education?
    Given the constant chatter from the Obama administration and from teachers' unions on the need to spend more for public education, let...
  • Grand Coalition or Grand Discontent, Mistrust and Disrespect? Political Poker Revisited
    After saying "nein" to a grand black-red CDU/CSU + SPD coalition led by CDU (Angela Merkel), SPD party candidate Peer Steinbrück c...
  • Measuring What Didn't Happen: Did Obamacare Cause an Increase in Part-Time Jobs? No Says Ritholtz, and Reuters; Yes, Says Mish
    A friend sent me an article in Reuters today that claims Little evidence yet that Obamacare costing full-time jobs . One in five businesses ...
  • Bill Gross Discusses the "Tipping Point" For Bonds; Does He Miss the Boat?
    Bill Gross did not see this major selloff in bonds coming. He discusses the setup in his recent Investment Outlook called The Tipping Point...
  • Pragmatic Look at the Debt Ceiling Debate; Who Broke Washington?
    My best friend in high school, David Wise, wrote an interesting OpEd for the Baltimore Sun two days ago. I do not agree with all of it, but...
  • El Pais Article Discusses "Liberating Spain from Shackles of the Euro"
    The El Pais Screwdriver Blog openly asks " Are we to Liberate the Euro? " Here is a Mish-modified translation: Today Spain has re...
  • Explosive Video on Ending Fractional Reserve Lending and Bank Corruption at Philadelphia Fed Conference
    At an economic conference at the Philadelphia Fed, academics gathered to discuss fixing the banking system, including ending fractional rese...
  • Mish Video: Troubled Currencies (And There are Lots of Them), Gold, Bernanke, Carry Trades, Bubbles
    I was on Prime Interest (formerly Capital Account) with Bob English on Tuesday, August 20. We discussed troubled currencies, the Indian Rupe...
  • Dark Vision for Jobs: Jobless Future? Is It Different This Time?
    Moments ago, I responded to a reader James from the UK regarding automation on farms. James commented that he only need one laborer where de...

Blog Archive

  • ▼  2013 (500)
    • ►  October (59)
    • ▼  September (87)
      • Meaningless Partial Government Shutdown in Progres...
      • Strawberry Fields Forever; Is a Higher Minimum Wag...
      • Record $217 Billion Corporate Bond Issuance in Sep...
      • Berlusconi Faces Party Revolt; Collapse of Italian...
      • Spain's Retail Sales Fall 4.2%, 38 Consecutive Neg...
      • More Government Shutdown Hype
      • Giant Deadly Hornets Kill Dozens In China; Venom D...
      • Is the U.S. Headed in the Right Direction?
      • Future of Medicine: Meet Sedasys - Your New Robot ...
      • The "Right Value" of the Indian Rupee
      • Government Shutdown is a Fantastic Idea
      • Bank Robbers and Middle-Class Tax Hikes
      • IMF Proposes Eurozone Fiscal Union, Banking Union,...
      • Italy on Verge of Downgrade to Junk; Silvio Berlus...
      • Bulls and Bears Debate China: Property Bubble Expa...
      • Unsold Merchandise Piles Up at Wal-Mart; Cuts in O...
      • Economic Idiocy: California Hikes Minimum Wage to ...
      • "No Tapering, More QE, Serious Housing Slowdown" s...
      • Unhappy Anniversary: Illinois Overtakes California...
      • Will Republicans Please Put Up Or Shut Up? (I Expe...
      • Income-Wise, What Percentage of People are Worse O...
      • Reader Question: "How Can One Calculate True Price...
      • Illusion of Prosperity: Deflating the American Dre...
      • Europe Hooked on Easy Money Too: ECB President Dra...
      • Reflections on Conspiracy Theories and Sensible Ac...
      • May Be a "Grand Coalition" Nightmare After All
      • FDP Out; Possible CDU Outright Majority; No Grand ...
      • Is Risk-Free Banking Possible? What About Fraction...
      • What Colleges Have the Highest Tuition? How To Sav...
      • Target to Hire 18,000 Fewer Seasonal Workers This ...
      • Mortgage Delinquencies Hit New Record High In Spai...
      • Scranton, Pennsylvania Careens Towards Bankruptcy;...
      • Grand Fantasy
      • Attack of the "Digger Bees"
      • The Morning After; Price Discovery is Zero; PUT on...
      • Purposeful Class Warfare? Breathing Room for Rupee...
      • "Bubbles Ben to be Replaced by Calamity Janet"
      • Fed Bizarro World; One-Sided Risk Assessment; The ...
      • So, It's No Tapering After All; Reaction is Telling
      • Spain on Track to Meet Budget Targets Says Economy...
      • Closer Scrutiny of Participation Rates by Sex and Age
      • Fiscal Crisis in Chicago: Pensions 31% Funded, Moo...
      • Grand Coalition or Grand Discontent, Mistrust and ...
      • M1 Money Supply vs. Real GDP
      • Kenosha Teachers' Union Decertified in 63-37% Vote...
      • CSU Receives 49% in Bavaria State Election; Assess...
      • Yellen It Is; Gold Soars; Summers Drops Out; Yelle...
      • 8,500 Sq Ft Home Faces Wrecking Ball to Build 9,09...
      • Software Robots Eliminate 94.7% of Jobs Needed for...
      • Want to Get on the Disability Gravy Train? There's...
      • Political Poker in Germany; Grand Coalition Possib...
      • Men in Black Return to Spain; ECB Complains of Too...
      • India Housing Bubble Bursts; Panic Coming Next
      • Where are the Jobs? Who Has Them? Who's Likely to ...
      • Help Obama Kickstart World War III; He Clearly Nee...
      • Near-Record 20% of Americans Struggle to Afford Fo...
      • 94.4% of Crisis Aid Went to the Financial Sector; ...
      • Japan "Wins" 2020 Olympics: Final Nail in Yen Coffin?
      • AFL-CIO Lays Out "Laundry List" of Formal Complain...
      • Obamacare Fraud Free-For-All Now Underway; "ObamaM...
      • States Have an Incentive to Promote (Not Stop) Dis...
      • Short Translation of Obama's Speech: "Flip Flop"; ...
      • Latest Polls Not Looking Good For Merkel, 12 Days ...
      • Obama Supporters Sign "Karl Marx for President" Pe...
      • Does Your Job Require a College Degree? Should It?
      • U.S. Going to Kill Syrians to Show Syria that Kill...
      • Just How Distorted is the U.S. Unemployment Rate N...
      • "If Americans Could Read Classified Documents They...
      • US Economic Activity Poised to Soar?
      • Hate Your Commute Now? It's Going to Get Worse
      • End of U.S. Imperium—Finally!? Obama About to Suff...
      • The Dick Cheney-Syria Oil Connection
      • Change of Heart: The Case for Sending Personnel to...
      • "Grand Coalition" Led by Merkel, Not Going to Happ...
      • Establishment Survey: +169K Jobs, June and July Re...
      • Gallup Says Seasonally-Adjusted Unemployment Climb...
      • Is the Selloff in Treasuries Overdone?
      • Separating Politics and War From Oil and the Economy
      • No Progress for Long-Term Unemployed; Ten Reasons ...
      • McCain Proposes Military Aid to Al Qaeda; Mideast ...
      • Warmongers Unite (As They Always Do); Boehner Cave...
      • Future of Education is At Hand: Online, Accredited...
      • Exploring the Impossible: India Seeks to Expand Tr...
      • DeLong-in-Wonderland
      • India Manufacturing PMI Contracts for First Time S...
      • India in Serious Trouble (and Gold at the Heart of...
      • Terrorists Won the War on Terror; 74% of Pakistani...
    • ►  August (83)
    • ►  July (82)
    • ►  June (70)
    • ►  May (82)
    • ►  April (37)
Powered by Blogger.

About Me

Unknown
View my complete profile