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Old 06-10-2013, 19:33   #181
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by Doodles View Post
Sure seems like it's all about funding Obamacare to me.
projection have gone from 900 billion initial estimate, to over 16 trillion. it needs to be fed.
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Old 06-10-2013, 19:48   #182
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by scoobert View Post
projection have gone from 900 billion initial estimate, to over 16 trillion. it needs to be fed.
The entire current year budget deficit was just a shade over $900 billion for all Federal spending. Where does the $16 trillion figure come from?

Links please.
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Old 06-10-2013, 19:58   #183
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by Doodles View Post
How can you say it's funded if the budget that includes the funding has been passed?
"experts say the funding for setting up statewide insurance marketplaces — both state and federally run — has already been handed out and therefore is not reliant on the federal government’s staying open. "

I'm only the messenger and don't shoot the messenger.


$759 billion is the annual deficit for fiscal 2013 and that year is the one that just ended days ago. 16 trillion is the total debt.
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Old 06-10-2013, 20:02   #184
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Re: Govt Shutdown Impact on Boaters

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"experts say the funding for setting up statewide insurance marketplaces — both state and federally run — has already been handed out and therefore is not reliant on the federal government’s staying open. "

I'm only the messenger and don't shoot the messenger.
What's this got to do with anything. The costs of setting up an exchange is peanuts compared to the costs of the actual medical coverage. The costs come down the road when the government has to start subsidizing the premiums.
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Old 06-10-2013, 20:16   #185
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Re: Govt Shutdown Impact on Boaters

Doodles I'm not arguing with you. I thought you asked about the ACA and its funding. This initial part is funded. Later on we will see what happens.
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Old 06-10-2013, 20:19   #186
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Quote:
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Doodles I'm not arguing with you. I thought you asked about the ACA and its funding. This initial part is funded. Later on we will see what happens.
Sorry my bad. I thought you were.

But yea it's the future part they are trying to stop.
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Old 06-10-2013, 20:22   #187
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Re: Govt Shutdown Impact on Boaters

No biggie.
BTW That quote in red was from an article not me.
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Old 06-10-2013, 20:24   #188
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by Doodles View Post
How can you say it's funded if the budget that includes the funding has been passed? Why does Obama say he won't negotiate on Obamacare? Why do the Tea Party people say they are willing to fund everything but Obamacare? Sure seems like it's all about funding Obamacare to me.
You got it, ACA has nothing to do with this budget bill, but a certain party is basically refusing to pass the budget bill without a resolution to defunding ACA (H.J.Res.59). ACA is already law(3years ago), signed by the president and upheld by the Supreme Court. People have already signed up for it. I think they have the votes in the houses to pass the straight budget, but the leader of the house won't bring it to a vote. The senate has already passed the straight budget, we are waiting on the house.

The folks that think we cannot afford ACA, please read what will happen to healthcare if we do nothing. I will be glad to site some links if you like. I'm not saying there won't be pain, but we were headed for a world of hurt, ACA IS in the right direction, though not perfect in any way.
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Old 06-10-2013, 20:41   #189
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I'm a non-essential civil servant at NOAA so I am home without pay.
Yet John Bahner sits at home collecting his full salary. How is guy (or any of them) more essential than the people who actually get results from their labor? Results that save lives, or just allow us mere mortals to enjoy that which is in fact ours? IMHO ther are no "non-essential" workers at NOAA! The are all in congress!
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Old 06-10-2013, 21:16   #190
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Re: Govt Shutdown Impact on Boaters

I Grind, amen to that!
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Old 06-10-2013, 22:14   #191
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We had a similar issue in Australia in 1975 infamously called the constitutional crisis. http://en.wikipedia.org/wiki/1975_Au...utional_crisis

Long story short, the Governor General, the Queen's representative and with similar powers to the US President, sacked the entire government. This nipped the problem in the bud quick smart.

We're currently in the US finalising our purchase of a yacht. We expected fun and games changing over to Australian registration. I guess we'll also get to experience some interesting hurdles from the US Government as well. We feel for those citizens and businesses that will suffer from this issue and never be compensated.
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Old 06-10-2013, 22:17   #192
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by Wraith_Mac View Post
So who owns the Fed?
Mac
The Federal Reserve Bank (The Fed) is a group of private bankers. The US Congress abdicated their monetary responsibilities to this group of powerful financiers back in 1913. The Fed in not a branch of the US federal government. It never has been.

The members of the Fed Board of Governors & their term dates are:

Ben Bernanke
(Chairman)
February 1, 2006-January 31, 2020
January 31, 2014 (as Chairman)

Janet Yellen
(Vice Chairman)
October 4, 2010-January 31, 2024
October 4, 2015 (as Vice Chairman)

Elizabeth A. Duke August 5, 2008-January 31, 2012
Daniel Tarullo January 28, 2009-January 31, 2022
Sarah Bloom Raskin October 4, 2010-January 31, 2016
Jerome H. Powell May 25, 2012-January 31, 2014
Jeremy C. Stein May 30, 2012-January 31, 2018
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Old 06-10-2013, 22:22   #193
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by pbiJim View Post
The Federal Reserve Bank (The Fed) is a group of private bankers. The US Congress abdicated their monetary responsibilities to this group of powerful financiers back in 1913. The Fed in not a branch of the US federal government. It never has been.

The members of the Fed Board of Governors & their term dates are:

Ben Bernanke
(Chairman)
February 1, 2006-January 31, 2020
January 31, 2014 (as Chairman)

Janet Yellen
(Vice Chairman)
October 4, 2010-January 31, 2024
October 4, 2015 (as Vice Chairman)

Elizabeth A. Duke August 5, 2008-January 31, 2012
Daniel Tarullo January 28, 2009-January 31, 2022
Sarah Bloom Raskin October 4, 2010-January 31, 2016
Jerome H. Powell May 25, 2012-January 31, 2014
Jeremy C. Stein May 30, 2012-January 31, 2018
And who appoints and pays them:

FRB: Who are the members of the Federal Reserve Board, and how are they selected?

They are very much part of the Federal government.

http://www.federalreserve.gov/aboutthefed/mission.htm
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Old 06-10-2013, 23:20   #194
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Re: Govt Shutdown Impact on Boaters

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Originally Posted by leftbrainstuff View Post
We had a similar issue in Australia in 1975 infamously called the constitutional crisis. 1975 Australian constitutional crisis - Wikipedia, the free encyclopedia

Long story short, the Governor General, the Queen's representative and with similar powers to the US President, sacked the entire government. This nipped the problem in the bud quick smart.

We're currently in the US finalising our purchase of a yacht. We expected fun and games changing over to Australian registration. I guess we'll also get to experience some interesting hurdles from the US Government as well. We feel for those citizens and businesses that will suffer from this issue and never be compensated.
Wow, interesting read!! Thanks.

Good luck on the closing of your new boat, I sure hope it goes smoothly. Oh and welcome to America
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Old 06-10-2013, 23:56   #195
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If this goes another couple of weeks what will happen to the Columbus Day Reggatta here in South Florida with Biscayne National Park closed. They should rename it Occupy Our National Park this year!
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