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Kinda interesting that there are no munis on that graph. Michael Shedlock is convinced some bad stuff will happen to some local governments in the not-so-distant future.Jocephus wrote:
Local govs should still be able to defease Muni's even at the current interest rates, although I wouldn't be surprised if there were one or two defaults on issues somewhere.greenback44 wrote: Kinda interesting that there are no munis on that graph. Michael Shedlock is convinced some bad stuff will happen to some local governments in the not-so-distant future.
like me after having beer and taco bell...Hungary Jack wrote:It's called lack of trust. Investors are extremely skittish right now.
Houses Passes Stimulus, Again Without Any Republicans
http://www.huffingtonpost.com/2009/02/1 ... 66793.htmlAll but seven Democrats voted for the bill _ a 1,071 page, 8-inch-thick measure that combines $281 billion in tax cuts for individuals and businesses with more than a half-trillion dollars in government spending. The money would go for infrastructure, health care and help for cash-starved state governments, among scores of programs. Seniors would get a $250 bonus Social Security check.
Told that no Republican backed the measure, White House press secretary Robert Gibbs reacted by citing another number: "3.5 million jobs that we look forward to saving or creating."
Republicans said the package won't work because it has too little in tax cuts and spreads too much money around to everyday projects like computer upgrades for federal agencies.
"This legislation falls woefully short," said House GOP Leader John Boehner of Ohio. "With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future."
Geez...I wonder what the last 8 years are going to cost my children?"With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future."
You're having children? Holy [expletive]!TimeForGuinness wrote:Geez...I wonder what the last 8 years are going to cost my children?"With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future."
Too little in tax cuts? Over $300 billion in tax cuts is too small?Jocephus wrote:Houses Passes Stimulus, Again Without Any Republicanshttp://www.huffingtonpost.com/2009/02/1 ... 66793.htmlAll but seven Democrats voted for the bill _ a 1,071 page, 8-inch-thick measure that combines $281 billion in tax cuts for individuals and businesses with more than a half-trillion dollars in government spending. The money would go for infrastructure, health care and help for cash-starved state governments, among scores of programs. Seniors would get a $250 bonus Social Security check.
Told that no Republican backed the measure, White House press secretary Robert Gibbs reacted by citing another number: "3.5 million jobs that we look forward to saving or creating."
Republicans said the package won't work because it has too little in tax cuts and spreads too much money around to everyday projects like computer upgrades for federal agencies.
"This legislation falls woefully short," said House GOP Leader John Boehner of Ohio. "With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future."
