US government shutdown - your thoughts?

**uls** · October 12th, 2013 05:04 PM

Originally Posted by [archie]

Sorry if nakakalito yung statement.

At first, I was also with the Democrats on the matter that it is the law and there should be no compromise but when I hear the side of the republicans vs the side of Democrats, I then shifted to what the republicans have to say.

I'm not trying to spin this, just look at what Obama did.

amend Obamacare 17 times AFTER it was passed.

Gave out waivers to big corporations. (the law of one is the law of all). After all pinaglalaban niyo is "its the law of the land".

Your trying to say na republicans have all the fault but ask yourself why did he did all that?

Edit: o ya, Obama should act like a leader and talk. It's really irresponsible for him not to do so.

i'm not interested in Obamacare

my area of interest is global macro

anything that affects global markets appear on my radar

the US budget talk appeared on my radar in late August coz of the potential of US govt shutdown

US govt shutdown can affect global markets

i posted this Sept 1

http://tsikot.com/forums/career-fina.../index780.html

Originally Posted by uls

September is gonna be an interesting month

the US Congress told Obama he has to get their approval first before he can strike Syria and that's exactly what he did --- Obama asks Congress to OK strike on Syria ---- so an immediate strike on Syria has been postponed. Congress is on recess. they'll be back Sept. 9

there's the Fed decision on reduction of bond purchases

there's the August jobs report

there's the US budget (there are 2 upcoming budget fights. the first will be this month where Congress must pass legislation to continue funding the government. if there's no "continuing resolution" the US govt will shut down. the second will be next month where the US Treasury must get approval from Congress to raise the borrowing limit. if the limit isnt raised the US govt will default)

there's the nomination of the next Fed chairman

the details of Obamacare do not interest me

i'm not going to debate about the details of Obamacare

what interests me is what's going on now in US politics specially the debt ceiling

coz not raising the debt ceiling is the biggest global macro risk ever