government shut down

[burrocrat]

. Well I would love to bet ....but did anyone ask sstasel if she would make one(i.e. at any price??). I mean looks like it takes some sewing skill to make one. Don' t know if you noticed but lots of women no longer darn socks!! Not to say she can't do it, but it takes time and the true value would be from receiving a Sstasel creation!

you're on, that's a bet.

i think she would be ok with it, notice she liked the post. mugs cost about $22 with shipping i think so you got some room to work a deal out with her. she could probably whip one out in the time it takes the water for her tea to boil, the hardest part will be finding the right pair of socks. if not then it looks like you may have to take a sewing class.

 

[Boghie]

Gubmint Shutdown - You Betcha!!!
But, not this weekend. We probably have one more full pay period...

They are trying to trim the fat. Our esteemed and valued and brilliant and (...) President grew the civilian workforce by something like 200,000 people. Lots of people (maybe me included) will chose to leave rather than deal with this amateur hour stuff...

 

[Boghie]

Back to the original question...

I don't believe anything will happen to your IFT service if the gubmint shuts down. The gubmint has nothing to do with it. BlackRock handles your account.

However...

Will you be able to move assets out of the 'G Fund'. They are fully securitized right now (or maybe by October 17th). Can you move the collateral behind the borrowing the Treasury did from your assets they made as part of their 'extraordinary measures'? Wow, what an ugly sentence... Can we take the collateral off the table if it is borrowed against?

Just asking...

 

[burrocrat]

Can we take the collateral off the table if it is borrowed against?

the answer to that question mostly depends on when you ask it.

right now? yes. it's called 'the float'. remember back when you could write a check at the grocery and know it wouldn't hit the bank until monday afternoon on payday? before everybody switched to the electronic scan stuff? now it's real time, no money no honey for the little people. but congress still can float.

2 days after a shutdown? maybe. it's called ponzi. so long as redemptions don't excede current liquidity. see madoff. but you better hurry.

1 week after a shutdown? no way. after 3 days of no free electronic transfers and empty cupboards we all revert to the rocks and sticks game, i'll trade you $1 million for a stale loaf of bread and a cup of clean water.

git some.

 

[Warrenlm]

Radio reports that military will be ordered to continue to report to work, albeit without any authority to pay them, and civilians will not report to work. Lack of authority to pay the military caught my ear. Many many years ago in a similar gap it was determined, by those lawyers then, that indeed the military paychecks could continue to be issued, pursuant to a Civil War era law. Whatever happened to the practice of finding a different lawyer when you need to? Or maybe this administration doesn't want to.

 

[nnuut]

I think we should shut the damn goverment down again! It's been done before many times
[h=1]Here is every previous government shutdown, why they happened and how they ended[/h]By Dylan Matthews, Published: September 25 at 9:00 am

Since the modern congressional budgeting process took effect in 1976, there have been a total of seventeen separate government shutdowns (or "spending gaps" in Hill jargon). Given that we appear to be headed for another one imminently, let's look back at those experiences, the political circumstances around them and what happened as a consequence. Most of the specifics were drawn from The Washington Post print archives, which you can access for a modest sum here.
It's also important to note that not all shutdowns are created equal. Before some 1980 and 1981 opinions issued by then-Attorney General Benjamin Civiletti, a failure to fund some part of the government didn't necessarily mean that that part of government would stop functioning. Civiletti's opinions interpreted the Antideficiency Act, a law passed in 1884, as meaning that a failure to pass new spending bills required government functioning to shut down in whole or in part. So the "shutdowns" listed below that happened between 1976 tand 1979 did not always entail an actual stop to government functioning; they were often simply funding gaps that didn't have any real-world effect.

http://www.washingtonpost.com/blogs...hutdown-why-they-happened-and-how-they-ended/

 

[burrocrat]

Back to the original question...

back to the important question...

. Well I would love to bet ....but did anyone ask sstasel if she would make one(i.e. at any price??). I mean looks like it takes some sewing skill to make one. Don' t know if you noticed but lots of women no longer darn socks!! Not to say she can't do it, but it takes time and the true value would be from receiving a Sstasel creation!

you are approaching this from a negative bias risk analysis perspective. it is not an adversarial scenario win-lose proposition. in fact, with the introduction of third party payment transfer it almost gaurantees multiple winners, whether the gov shuts down or not.

what happens if i win? sstasel sends me a free custom sock monkey, you pay sstasel the equivalent value of a tsptalk mug ah hell just send her a tsptalk mug, and i send you a tsptalk mug to repay your goodsportedness and thanks for playing. it works in reverse too, i lose and send you a mug sstasel sends me a sock monkey because she feels sorry for me losing and already is planning to make one now anyways, and you send sstasel a mug to settle up your karma balance. winner winner winner.

here's how the accounting works: 1) everybody gets a gift and breaks even, 2) three new mug shots appear - at least one being hugged by a sock monkey - entertaining the 3 dozen muggies who follow the media thread which is 108 positive views, 3) tom makes a small profit but benefits handsomely from the added exposure, and most important of all 4) the goodwill and comraderie experienced by souls we'll never know while we all get laid off from our jobs makes the tsptalk world a friendlier better place. happy, happy, happy.

you'd have to be a fool to turn that bet down, how can you lose?

 

[Boghie]

Why ain't anyone gettin' paid. The military and those pesky much needed types got paid last time.

The question is easily answered.

Our Presidential Black Swan and his minions have placed us in a cash flow squeeze. We were talking about nickle and dime borrowing back in the days of Reagan, Clinton, and W. Now we are talking about more than a hundred billion a month in accumulating debt. Da Bama blows in two months what W borrowed in a year. Yowser...

 

[nnuut]

Don't worry you will get paid after the fact, I've done it many times, you will get your money!
Time to go to bed, been sanding kitchen cabinets all day, refinshing is a bitch!

 

[PLANO]

New Report Provides FBI Agents’ First-Hand Accounts on How Funding Shortages and Budget Cuts Are Impacting FBI Operations​

Report Details Impact of Cuts on National Security and Public Safety​

Washington, DC - The FBI Agents Association today released a new report that provides FBI Agents’ first-hand accounts of the impact of budget cuts on daily operations and investigations. The accounts, contained in Voices from the Field, include how budget cuts are affecting FBI Agents’ daily operations and hampering criminal and national security investigations, and the risks associated with any additional budget cuts and furloughs.

"As FBI Agents, our commitment to our work is unwavering,” said FBIAA President Rey Tariche. "We will continue to make the personal and professional sacrifices to do our jobs and protect this country. However, we are releasing Voices from the Field to ensure that Congress, the Administration, and the public are aware that the resources available to support the work of FBI Agents have been stretched to the breaking point.”

The report chronicles Agents’ first-hand accounts of how severe budget cuts are undermining counter-terrorism and counter-intelligence investigations, forcing the closure of white collar investigations, harming cooperation with local law enforcement, and, in some cases, losing informants. Agents’ basic transportation needs are being compromised through prohibition against using official FBI vehicles because there is no funding for gas.

Because the FBI budget includes both defense and non-defense expenditures, sequestration cuts may be more devastating to the Bureau and Agents than to any other federal agency. The FBI will be forced to cut another approximately $800 million from its budget next year, worsening existing budget problems. In fact, sequestration cuts may result in furloughs of Agents from 10 to 26 days beginning as soon as next month. On these days, FBI Agents will be prohibited from working and will receive no pay, interrupting ongoing investigations, surveillances and other operations.

"As we state in the report, trying to save money by undermining the FBI’s ability to protect the public is likely to be far more costly to our country in the long run,” said Tariche. He also noted that the investigative work of FBI Agents has resulted in the payment of over $23 billion in recoveries and penalties to the federal government over the past three years.

"It’s time for Congress and the White House to negotiate an agreement that protects national security and public safety, and eliminates the devastating cuts to the FBI,” concluded Tariche.

Read the full report from the FBIAA website here.

https://c.ymcdn.com/sites/fbiaa.site-ym.com/resource/resmgr/docs/voices_from_the_field_-_fbia.pdf

 

[burrocrat]

i've been doing some research on the internet and i'm putting together a shopping list for walmart. after i get furloughed tuesday i'm going to swing by and pick up some craft supplies and bud light. then i'm going to sit on my truck seat in the middle of the living room and teach myself how to make sock monkeys for the rest of the week. i'm going to be the sock monkey king!

due to the nature of my position i am categorically prevented from any outside employment without specific prior written approval, which i assume will be impossible to obtain during a shutdown. but if the furlough runs into a second week then i'm going to list my sock monkeys on ebay. if the gov as we know it reopens and later pays me for the time off i will have to refund the purchase price, but you guys can keep the sock monkeys.

 

[James48843]

US troops won't get paid during shutdown: Pentagon

Source: Yahoo News

Washington (AFP) - The US military's nearly 1.4 million troops will stay on the job in the case of a government shutdown but they will not get paid, the Pentagon said Friday.

And if Congress fails to agree on a new budget measure by the close of the fiscal year on Monday, September 30, "roughly half" the Defense Department's nearly 800,000 strong civilian work force would be placed on unpaid leave, top officials said.

The war effort in Afghanistan and other high-priority missions would not be affected but most training and a range of maintenance work would be cancelled if Congress remains deadlocked, according to the Pentagon's top financial officer Robert Hale.

"We wouldn't be able to do most training, we couldn't enter into most new contracts, routine maintenance would have to stop," he told reporters.

Read more: US troops won't get paid during shutdown: Pentagon

 

[Boghie]

i've been doing some research on the internet and i'm putting together a shopping list for walmart. after i get furloughed tuesday i'm going to swing by and pick up some craft supplies and bud light. then i'm going to sit on my truck seat in the middle of the living room and teach myself how to make sock monkeys for the rest of the week. i'm going to be the sock monkey king!

due to the nature of my position i am categorically prevented from any outside employment without specific prior written approval, which i assume will be impossible to obtain during a shutdown. but if the furlough runs into a second week then i'm going to list my sock monkeys on ebay. if the gov as we know it reopens and later pays me for the time off i will have to refund the purchase price, but you guys can keep the sock monkeys.

Burro, I can make you a sock puppet

 

[Boghie]

Read more: US troops won't get paid during shutdown: Pentagon

Looks like this Administration planned this quite well. I remember the shutdown in the Clinton era. Active Duty personnel were paid (no IOUs) and the essential civilians got paid (no IOUs). I was, and still might be, essential. That mess lasted three weeks (more than a pay period) - but I got paid normally.

My guess is that Robert Rubin and the rest of the Clinton Administration knew what they were doing and were professionals. I mean, Robert Rubin came from Goldman Sachs. President Clinton was a governor.

My guess is that President Obama's Administration is coming up a bit short in the leadership an organizational area. Jack Lew has worked in gubmint for most of his career, but had a 2 year stint as COO of Citigroup just before they were bailed out. President Obama's background includes a few years as a Senator and some assembly offices in Illinois. Everything is exciting and new for them. Lew has already tapped your retirement assets (G Fund) and is even now running out of money. Cash flow is king...

 

[burrocrat]

Burro, I can make you a sock puppet

if you keep your sock puppets west of the continental divide, i'll keep my sock monkeys to the east. not like a price-fixing arrangement what att/verizon/nsa do, more of a marketing terrortory gentleman's agreement type thing. deal?

 

[DreamboatAnnie]

you're on, that's a bet.

i think she would be ok with it, notice she liked the post. mugs cost about $22 with shipping i think so you got some room to work a deal out with her. she could probably whip one out in the time it takes the water for her tea to boil, the hardest part will be finding the right pair of socks. if not then it looks like you may have to take a sewing class.

Okay. Will take bet Against my better judgment but only because I want to get my hands on that mug ....so I'll take my chances! Plus it would be fun to see that cute little pig squealing...wee.wee.weee..all the way home. If I lose you are gonna get one scary monkey!!! I already know how to sew...well at least a button and hems. If you want a Sstasel creation, I'll see if she wants to do it and deal, otherwise I will. Now this is a bet on shutdown this week only, but it must last at least 36 hours..so it's gotta be better than a morning headline on Tuesday morning ...gotta stipulate parameters here...must last until noon on wednesday. :toung: So confirm your agreement with this and bet is on! Consider carefully before accepting!! Your saying a shutdown will happen for at least 36 hrs. I'm saying it won't happen at all. If something, in between then its a tie.

Question: if your making monkeys, why do you want more?? Are you a collector?

I really do not believe that if it happens it would be long. It would be short...just Tuesday as it is all political...hopefully they would do retro pay to cover as they have done in the past. Sorry to anyone that is affected if it occurs.

 

[burrocrat]

Okay. Will take bet Against my better judgment but only because I want to get my hands on that mug ....so I'll take my chances! Plus it would be fun to see that cute little pig squealing...wee.wee.weee..all the way home. If I lose you are gonna get one scary monkey!!! I already know how to sew...well at least a button and hems. If you want a Sstasel creation, I'll see if she wants to do it and deal, otherwise I will. Now this is a bet on shutdown this week only, but it must last at least 36 hours..so it's gotta be better than a morning headline on Tuesday morning ...gotta stipulate parameters here...must last until noon on wednesday. :toung: So confirm your agreement with this and bet is on! Consider carefully before accepting!!

no deal. you've had more than a day during a continous and changing news cycle to reconsider your strategery. the bet was yesterday, and it was a bet for shutdown or not. it wasn't a modified bet for 36 hours with conditions. why not 35-1/2 hours? or 36.1785 hours? that don't make no sense. it's a bet for a f***in' sock monkey people! do you really have that great of a need to control every penny and every victory down to the minutest everlasting detail?

forget the bet, i was going to sew you a handstitched burromonkey just for fun, but you can forget about that now.

are you a lawyer? the bet was a mug for a monkey on a gov shutdown. i had other offers i could have accepted, but you locked down the bet when you said 'i'd love to bet'. now you want to renegotiate the terms a day and a half later?

maybe you and jkenjohnson should run off to vegas and get married next month, no wait, next year, no wait, in 2018, but only if it's for at least 36 hours. you are a f***in nutso...

 

[DreamboatAnnie]

Burrocrat.. That's not very nice. I was gonna tell you I'm gonna make you a monkey anyway...a scary one for Halloween!

Also...I am not a lawyer...but I wanted to be one!! Lol....how did you guess??? Also I have not been strategizing or watching news this weekend...too busy on other things right now. Don't stay huffy puffy!! I'll keep same bet if you want; otherwise it's fine....I'll still send a monkey if you want one!

 

[burrocrat]

so is the bet on or off? a shutdown is a shutdown is a shutdown. whether it starts at 12:00:01 and ends at 12:00:02 or not.

they go they roll. at some point in life you'll realize it's time to poop or get off the pot. unfortunately in your case, that will probably be too late.

 

[James48843]

The junior Senator from Texas, a few days ago talked about how he was speaking for 26 million Texans when he was threatening to shut down the government over the Affordable Care Act, which he derisively calls Obamacare. He does not speak for 26 million Texans. The fact is Texas has the highest percentage of people who have no health coverage at all. The Affordable Care Act is going to change that.”- Congressman Joaquin Castro (D-Real World Texas)