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Shut Happens
It's 12:01am, do you know where your government is?
- *WHITE HOUSE BUDGET OFFICE DIRECTS AGENCIES TO BEGIN SHUTDOWN
- *U.S. GOVERNMENT SHUTS DOWN FOR FIRST TIME IN 17 YEARS
S&P Futures are 1677, 10Y yield 2.65%, WTI $101.96, Gold $1329.00 - let's see where we open tomorrow...
Full Statement from The White House:
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
FROM: Sylvia M. Burwell, Director
SUBJECT: Update on Status of Operations
This memorandum follows the September 17,2013, Memorandum M-13-22, and provides an update on the potential lapse of appropriations.
Appropriations provided under the Consolidated and Further Continuing Appropriations Act, 2013 (P.L. 113-6) expire at 11:59 pm tonight. Unfortunately, we do not have a clear indication that Congress will act in time for the President to sign a Continuing Resolution before the end of the day tomorrow, October 1, 2013.
Therefore, agencies should now execute plans for an orderly shutdown due to the absence of appropriations. We urge Congress to act quickly to pass a Continuing Resolution to provide a short-term bridge that ensures sufficient time to pass a budget for the remainder of the fiscal year, and to restore the operation of critical public services and programs that will be impacted by a lapse in appropriations.
Agencies should continue to closely monitor developments, and OMB will provide further guidance as appropriate. We greatly appreciate your cooperation and the work you and your agencies do on behalf of the American people.
Now it's getting serious...
They actually did it. A group of Republicans in the House just forced a government shutdown over Obamacare instead of passing a real budget.
— Barack Obama (@BarackObama) October 1, 2013
Due to a lapse in government funding, this account will not be active until further notice.
— U.S. Capitol (@uscapitol) October 1, 2013
Here is a handy list from Russia Today of the possible effects American citizens and the rest of the world could face now that the US Government has shutdown. The last government shutdown lasted 21 days, from December 1996 to January 1997, and cost the administration of US President Bill Clinton cost an estimated $2 billion, according to the White House’s Office of Management and Budget.
1 Countdown to US default looms
A halt of US government operations would drag the world’s biggest economy closer to bankruptcy, something unprecedented in US history. If no budget deal is done, the US would bump up against their “debt ceiling” and run out of money by October 17. By then, the US government would have less than $30 billion cash on hand, Treasury Secretary Jacob Lew has calculated.
2 Hundreds of thousands of federal employees on furlough
A one-time layoff of 800,000 people working for the US government would erode the earlier projected economic growth of 2.5 percent for the fourth quarter of 2013 by about 0.32 percentage points, according to a forecast by Mark Zandi, chief economist and co-founder of Moody's Analytics. That projection assumes a two-week shutdown. If it drags into a whole month, the loss of GDP would rise to 1.4 percentage points.
3 Troops’ paychecks stopped
About 1.4 million military active-duty personnel would keep on working, but with their paychecks delayed. Approval for troops’ paychecks is dependent on Obama’s proposed 2014 federal budget being passed by Congress.
4 Women and children’s nutrition program threatened
Pregnant women and new moms who are poor and facing “nutrition risk” won’t be able to buy healthy food, as a looming shutdown would put bracers on the $6 billion Special Supplemental Nutrition Program for Women Infants and Children (WIC).
5 $85 billion in cuts to federal programs
When a shutdown was last threatened in March 2013, it would have resulted in $85 billion in automatic cuts in spending on federal programs – many aimed at alleviating social hardship. The cuts, known as sequestration, would affect grants to local organizations and funds that keep those programs running.
6 Housing loans halted
US federal programs that provide for about 30 percent of all new loans in the housing market – a backbone of the country’s economy – will be shut down. Government funding of new businesses will also be halted, as well as workplace health and safety inspections.
7 Trade talks scuppered?
US plans to have a Pacific trade deal, the Trans Pacific Partnership, signed with the US’s Asian partners could stall, as Obama may decide not to travel to this weekend’s Bali, Indonesia meeting of the Asia-Pacific Economic Cooperation nations. While he could still go if no deal is done by then, it could be a gift for his Republican opponents if Obama was seen to be jetting off to a tropical paradise at a time when federal employees were sent home without pay.
8 Visa delays likely
Thousands of Americans may not be able to get passports for foreign travel, and tourists travelling to the US will likely face delays in visa processing. During the last government shutdown in 1996-97, some 20,000-30,000 applications remained unprocessed daily.
9 Space program on hold
Space agency NASA will be hit the most, as the agency will need to furlough about 97 percent of its employees, though it will continue to keep workers at Mission Control in Houston and elsewhere to support the International Space Station, where the two NASA astronauts currently on board, Michael Hopkins and Karen Nyberg, may not know whether they have jobs to come back to.
10 National parks, museums and zoos would close to the public
State-funded museums, art galleries and zoos across the country would keep their doors closed Tuesday, leaving thousands of employees furloughed and visitors unable to see attractions. US national parks, from Yosemite to the Shenandoahs, as well as Washington’s National Mall, Lincoln Memorial and Constitution Gardens, would also be closed.
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The new deadline is Oct 17.....and the drama goes on....They are just showing to the public how well they are fighting for their rights....which is the job of any politician around the world......Ultimately, the public will agree for an increase in debt. Debt will be created from thin air and the can will be kicked a bit further. If a bankrupt nation such as Greece or Portugal has not defaulted yet, how could US possibly default! They have the almighty dollar and with so many countries pegged to their currency like HK, UAE etc and many more, their default will have many unintended and yet catastrophic consequences. Let us see how they arrange to confiscate people's money via capital conrols or accelerate the bring back of money from Swiss banks and other countries or making new laws for something unprecedented or even more ridiculous than ever before (maybe Saudi will send some money or China may buy new land in USA) China just did in Ukraine and it will not be entirely unprecedented no more. Remember, QE and TARP etc. were unprecedented and almost unimaginable before they were implemented, so was the bailout of PIIGS and Cyprus by Germany. And Japan's Abenomics...well......that's been continuing for generations now.....
Now after we all done celebrating, we really need to pay attention to what all these clowns are doing while everyone is too busy being distracted with freaking out over the shutdown.... This didn't happen on accident, they definitely plan to push something unpopular while no one is looking...
Good practice for when the dollar fails
When the dollar falls, the pussies will be sprinting for the doors of the capital building.
Party Time!!!
Excellent!!! (Que strumming on the guitar)
Party on, Wayne
Party on, Garth
Whoa.
Excellent!!!
<air guitar>
WE DID IT!
We've hit the Burg!
Strike up the band, pop the champange and let's sit on the deck and enjoy the cool night!
Should we start re-arranging the deck chairs? Or should we wait another 30min?
Just don't end up like propeller man in "The Titanic."
(The propeller guy was the only reason to watch that movie at all...)
http://www.youtube.com/watch?v=XKqGefSxFyc
Enough threads yet? Yeehaw, we got ourselves a hoedown!
Good thing it is Monday night. I mighta hurt myself.
YES!!!!!!!!!
No more walking in the park bitches.
get to work mr schumer
Praise be to God!
Enjoy your freedom while you have it!
Move on, nothing to see here!
yep
Nothing will change.
Its a farce.
Damn it feels good to be an Anarchist! Which shit hole city will burn first?
Good question, I have no clue re an answer. Should be interesting if this keeps going.
Oakland, CA. Within 24 hours.
Oakland will be only the first of many if they cut EBT cards and other government handouts. We can only wish. It would finally bring an end to this broken ponzi!
Why you gotts hate on the O? Plenty of gubminy hating, gun owning, libertarian doomers out here. A pox on ur ass too.
Try the poor south (sorry South)
Try the poor south (sorry South)
To be libertarian does not exactly mean to be anarchist. Wait till the local governments shut down as well - until then its just a shit-show.
Washington D.C.? One can hope...right?
No telling but I can name several that would be better for a bonfire for sure.
I got popcorn,i got cold beer,i got front seat in ZH, so shut it down.
Ya'll still here?
I thought the world was going to end. Either it didn't or I'm in hell, I see Harry Reid.
"Hell has emptied and all the devils are here!" -- W. Shakespeare, The Tempest
Shutdown BITCHEZ!
Agencies have in reality been instructed to ignore the 'budget', furlough if it looks bad, make any obnoxious or costly service impediments to feed the media, and otherwise continue working as usual.
There is plenty of 'no year money' floating around.
yes , of course. "..... above all else ...... 'feed the media' ...." .....'feed them before the Marine Corps" ... because the media is more important ... Aaron Sorkin writes ideological screenplays that lionize us .....
This be true. A couple of weeks worth at least.
Weeks? I give it scores of hours. I think they've already accomplished what they intended which was to further confuse and terrify the suburban middle-class.
They'll give themselves a day to bask in the light of media attention, the whores they are, before they start making noise about "serving the public."
Farce. Worse than farce. Self-serving prostitution.
Politically I agree. I was agreeing that some agencies/entities have funds to operate for an extended period if this was a real shutdown.
From the article: "Thousands of Americans may not be able to get passports for foreign travel."
After moving overseas years and years ago this is just about the only interaction I have with the U.S. Government anymore. Just sent my passport in for renewal a couple weeks ago, Fuck me. Of course, they had no problem accepting my $120 up front.
Hip hip hurray! Lets find out what these suckers are made of! I have a pretty good idea but want to watch anyway.
YAY!
US: Collapse Countdown
Latest NEWS:
http://tersee.com/#q=government&t=text
http://isthegovernmentdown.com/
Yes The government is downThank God! Please never reopen the most evil and horrible pos on earth, the us govt.
Switch to solar power.
Can't, they spent all the solar power fund on Solyndra
So much for spending money on stupid crap.
Sweet!
I knew it! The freakin fed always gets the best political intel. The other piece of good news is that when this hobo carnival opens in another town down the road it's TAPER ON!
We are such a fuckin' cartoon! The story behind the story is so bleak. I so wish for the country and society that I used to believe in. I wonder if it ever truly was.....
I'm with you. Almost my entire life has been lived in a debt bubble. It's incredible to consider really. Was it all an illusion? Rhetorical question, I know.
Fortunately, I listened to my grandparents. I'm more prepared than most to return to the lifestyle of my great grandparents. This is preferable to tyranny by any measure. For those who prefer comfort, may your chains rest lightly.
Your instinct is correct: It never was.
1789-1859
Yeah, I know, slavery. But blacks _let themselves_ be enslaved because they cared more about fucking each other over for a bauble than for organizing for self-defense.
I know, the indians - But would we have fared better if it were whites that had settled here in thin numbers and Indians came from Europe?
I know, women's rights - But the vote used to be generally considered a family prospect; the idea that a man and woman married with children would disagree over politics was essentially unheard of. And the government wasn't passing out fiat and 'penumbras' like candy, so voting made a lot less difference.
We had a great country, once upon a time. A place where people could be LEFT ALONE on their own property. About 100 years ago, Teddy Roosevelt said that the average American could live their lives without ever coming into contact with the federal government. Centralization and bankers derailed everything. Decentralization and sound money can bring it back (after a lot of pain). Rock on America! Your day is coming!
The slave trade in African was already centuries old by time the Europeaners discovered it.Those people were enslaving each other.
The vast majority of the Native Americans were killed by disease from the Spainish about 200 years before people started settling the Northern Continent reliably.
Voting is a crock, it doesn't change anything in the long run, and it makes things infinitely worse in the short term. It gives people false hope in a complete fucking stranger. As for women voting well there's a lot about that century that was screwed up. Hence the war of Northern Agression on a sovereign soil.
We never had anything, that is the problem. There is no "we" involved in any of this. It's just a bunch of people, and a lot of those people encourage and threaten others to make it so the people they want to give a magical title to can convince other people to obey him and if they don't have another group that runs around in costumes go round them up to put them in cages for not obeying.
The whole thing is just so absolutely ridiculous that it boggles the mind how far this shit gets pushed before anyone takes notice that it's a huge scam.
Too bad the gestapo, SS, and SA will still be on the job.
Funny how they "find" the money for that stuff... even when "shut down"...
The drones must fly for great democracy!
... useless feckers ....
Fucking yeah. I'm drinking me a shot of crown to celebrate! It's too bad it's all pretend. Oh well one can dream.
I just broke out a bottle of homemade hard apple cider. The awesome is really makin' it hit the spot.
But what about that check I'll be looking for....oh wait..
I guess only those who voted for Santa Claus will be upset because they never send me a dime.
Not sure the shutdown is actually happening. Nothing about the deadline passing on Drudge.
Nice! Now if we can keep it shutdown... PARTY!
o my god how will the us fund al-quida now
Since we're now only doing essential stuff....maybe we can finally have that hearing on Benghazi.
"It's 12:01am, do you know where your government is?"
Tyler, You should've said that to Fartiromo!!
I gotta say it: "Holy Shut"!
LIGHTS OUT BITCHEZ!!!!!!!!
I had my Jim and Coke ready. I know I'm cheap, but that's how I like it. Cheers Gentlemen.
Nikkei's still up. Must be planning an attack!
The Nikkei closes through the noon hour. When they opened up at 12:30 (JST) it sold off.
Free at last! Free at last! Thank God Almighty! Free at last!
Go to Obama's Facebook page right now. I've never seen a better display of gross negligence for grammar and spelling...ever.
"Pleas Mr Obama, you get to much haten. Leeve him alone. He cares about poor more than repiblicans. Democates love the midle class and want thems to prospur."
now that's edukacion!!!!
nm
whats Facebook?
In your heart, you know it's right.
Nice callback
Woo hoo!
Unpaid vacation for an indeterminate amount of time!
Got a memo via email this afternoon regarding our shutdown procedures. Last bullet point said to lock the doors and turn off the lights (but make sure no one else is in office/building). It makes me sad that the actually had to write that last part. I suppose a thinning of the herd would be a good thing.
"lock the doors"
And throw keys inside the building before closing the doors.
Next, thermite.
.
Funniest thing about this "shutdown" kabuki theater thing is, the last thing the scumbags of the US government need to be doing is drawing attention to how broke they are and these scumbags do it every 12 to 18 months. LOL
Is it time for the guillotines yet?!
Yep. Mines hooked up to the truck - "Port-O-Tine" - ready to, ahem, "roll".
literally lol
"Port-O-Tine" That's good!
Maybe we can get the "Sham-Wow" guy to push those on the idiot box.
"Know a deserving pol, crat or bankster?! Get the Port-O-Tine! And rid yourself and community of the criminal menace once and for all. But that's not all, because the Port-O-Tine will also slice and dice veggies and fruit. And if you call now..."
paper gold up .7% wow
I took two grand out of the bank earlier today.
Bought gold on my vacation.
DCRB - WTF was it doing in the bank to begin with?
Money in the bank is diversification for me!
Diversification is buying ammo in calibers that I don't have firearms for.
Well, that and teepee the wife won't use, yet.
Well, yes! + 1
The only ammo like that I own is 20 rounds of .308, to "force" me to buy the gun... My next Three Figure Purchase?
Another literal lol. God bless you brother
Good and take that fucking idiot in the White House with you you fucking cocksuckers!!!!!Go Home don't fucking come back!!! I would much rather have the military in charge than these fucking idiots....In fact why don't you all get in a big circle and sing Kumbaya and maybe somebody in the military will see a great opportunity of patriotism and accidently drop a fucking daisy cutter on your asses and do us allllll a favor!!!!!!!!!
"I would rather have the military in charge..."
1) be careful what you wish for...
2) why do you think that they are not?
Can't be any worse than the shit we have had for the last 100 years. At least people would then "know" who is responsible for shit happening or not happening. Better that way than continue with this fucking charade for another 100 fucking years
I don't know where LongSoupLine has been, but you have carried the torch for him. I love your angst sir.
He's coming to a fucking neighborhood near you when the credit system collapses and possesion becomes the fucking law with regard to money or currency.
But you watchout First fucking Welfare check don't go out on time...... rioting in the fucking streets...Then FEMA Camps
...First thing turned off was Obama's Teleprompter.
Someone will be advocatimg higher taxes because of the shutdown....
I am still trying to figure out why a government shutdown is a bad thing. The government is a consumer of resources. Therefore if we lower consumption, this is a good thing. Yes?
Or have we all completely gone Marxian?
Lower carbon footprint. Libtards should be happy.
If only the government would shut down permanently and completely, then we would be getting somewhere.
I just jizzed in my pants.
There is a treatment for that...
T-r-a-n-s-i-t-o-r-y?
Does the shutdown mean the govt will stop spying on its citizens since they are the only ones who actually care about what happens to the country?
Oh my GOD! The horror! People are running around screaming, crying, trying to kill each other, jumping out of windows; American cities are blazing infernos; airplanes are falling out of the sky; invaders from countless nations are attacking us from every shore! Someone make it stop!
Wait, no, nothing is happening.
You clearly haven't been watching CNN, MSNBC, CNBC, NBC, ABC, CBS, CNN HN, PBS, Bloomberg, etc....... oh wait. We don't follow this shit-lying MSM.
Hah!
Actually I've been lurking in libtard website comment sections, watching them flip out. I should pop some popcorn.
Good for you! Yeoman's work! + 1, a big one!
hella stupid.
This is going to be great, and I'd like to see what will happen over time. We'll see how America will really cope without a real + functioning federal government (haven't we more or less had that forever?)
Belgium didn't have a functioning government for over 400 days until recently. A socialist country of course. How did they fare in the end? Did life end for their citizens? Oh yeah that's right. Nothing happened.
As very pro-federalist and a believer of states rights, this just furthers the case that we don't need this shit and the only real people that want this are people that feel citizens must be controlled... Aka... Complete psychopaths.
Resident Zero Hedge Belgian resident (!) Sudden Debt said nothing much happened other than national embarassment... Hey, like here!
"meat hammer" - noun or verb? Works either way
Does this mean the 17th date gets extended now that the budget is balanced?
I figure for every week the govt is 'shutdown' it buys Joke Lew another day or two. So at best, the debt ceiling date still won't make it out of October.
Are you kidding me? The federal government spends $10 billion every day! If the government was totally shut down for 3 months, the deficit would be eliminated. Tax revenue continues to come in to the Treasury so they have enough cash to cover the essentials, however you might want to define that. Every day the government is closed the deficit should be reduced by 1.2%.
The problem with your numbers is that the govt is NOT completely shut down. Of the $10 billion the govt spends per day, this 'shutdown' only effects about $1-2 billion of it(per day). From what I gather, all entitlements are still being paid and for the most part the military isn't effected.
They won.
Thank God, defunding the government is the only way to reset the US economy and restore the middleclass.
U S S A
U S S A
U S S A
Who's going to monitor our posts here?
Quick everyone change your passwords before the NSA gets back!
Don't worry, they don't have to pay the algos... you can feel safe in the arms of big brother.
God Bless America, sea to shining sea!!!
Oh, and one more thing. If the Republicans can just figure out a way to shut down Ben and his printer, I will be forever in their debt.
PS GO REPUBLICANS!
Nobody is shutting down the printers ever for evar. The rest of this is theater, The Fed and their printers are the only real deal.
WINNING !
It's a good thing.
If it goes on a month, it could be a great thing. A great experiment, a great day for freedom.
Govt spends roughly $10 billion per day. How much of the govt budget is actually frozen during this shutdown? Military is still operating, I'm assuming all entitlements are still handed out.
So essentially, the govt could be in this 'shut down' mode for the entire year, and I bet we'd still be running a deficit.
This.
Chief Wet Blanket.
/:-|
LOL.. sorry. I was just listening to a Democrat on the House floor, raging about how basically the world will now end because of this shutdown. And I just can't believe people actually buy what those marxist retards spout.
Didn't mean to be a wet blanket, just pointing out that this shutdown is merely a good start, nothing more.
Just rattling your cage.
Goes with the Kabuki though, don't you think?
What the hell is that Democrat doing there? The place is shut down.
Last one to leave, turn out the lights, bitchez.
And then torch the place. It would be better if they were all still inside, though.
As a Democrat he should know that Sequestration already brought us the end of the world. Maybe his concern is that the shut down could possibly usher in the beginning of a new world - one where men with stones can say "No."
By the way, wish I could give you more than 1 green UP arrow for that comment.
V for Vendetta - Control Through Fear
"What we need right now is a clear message to the people of this country. This message must be read in every newspaper, heard on every radio, seen on every television. This message must resound throughout the entire Interlink! I want this country to realize that we stand on the edge of oblivion. I want every man, woman and child to understand how close we are to chaos. I WANT EVERYONE TO REMEMBER WHY THEY NEED US!"
If only this was an actual shutdown...
Still though, shut just got real.
Kill a .gov light
Save a taxpayer
Now get out there and do some early Christmas shopping parolees...86 days to
Santa, these political bitches is smaaarrrttt(I want Krugmans's job!)
Wait - is this the undulating plateau part?
http://www.opm.gov/policy-data-oversight/pay-leave/furlough-guidance/gui...
"3. What pay entitlements will accrue to an excepted employee who performs work on a holiday during a shutdown furlough?
A. The Federal Government will be obligated to pay an excepted employee who performs work on a holiday according to the normal rules governing pay for work on a holiday. For example, under 5 U.S.C. 5546(b), a covered employee would receive his or her rate of basic pay, plus holiday premium pay at a rate equal to the employee’s rate of basic pay. In addition, if such an employee performs officially ordered or approved overtime work on a holiday (i.e., work in excess of his or her basic non-overtime work requirement for that day), the employee would receive overtime pay (or compensatory time off) for that work. Of course, an employee cannot receive payment for working on a holiday until an appropriations act or a continuing resolution is enacted."
Page 11
Hey, Iridium R, been waiting to tell you we did not find the "K-T Boundary" (with its rich iridium layer), not in Wyoming, not in South Dakota. We still had a wonderful time in the northern Rockies and the northern plains.
"Hunting the Elusive K-T Boundary"
http://tinyurl.com/ny4pskj
Just to come back to this crap.
DCRB...glad you had some RnR. Yep, this whole thing is a circus. That banking thing in Panama put the "no mames" on that little idea. I gues we get ring side seats. I'm outta NY but still gotta house I can't sell. Lowered it again. I'll landlord it. I'm happy here in Cincy area. People are nice, more calm. Iridium is the only element not from earth. It's stardust!
+ Uno! If I understand correctly almost all metals beyond iron on the Periodic Chart are from the stars, supernovae and/or colliding neutron stars (latter article somewhere at harvard.edu, very interesting).
Osmium is actually even rarer than Ir. Os is the rarest of all stable (non-radioactive) elements.
Cincy > NYC. Now you have more time and more tranquility.
EDIT:
Harvard article for you! Star stuff!
http://www.cfa.harvard.edu/news/2013/pr201319.html
- therefore, the Earth is the core of an ancient Star. Fact.
I had not heard that, thank you for the factoid. But, the core is mostly iron, no? Please kindly provide a link so I can read up on that. Thx!
http://www.physics.org/article-questions.asp?id=52