Five days before the debt ceiling is reached and the Government remains shuttered. The House has adjourned until Monday, spinning their WH discussions as they left. The Senate has the ball. They couldn't garner 60 votes to invoke cloture and pass a motion to extend the debt ceiling until the end of 2014 and reopen Government. Sen. Reid has rejected Sen. Collins bipartisan proposal, although the sides are still talking. It's time to move the obstructionists out of the way and find a path to a deal. The debate has shifted from the Affordable Care Act to spending cuts and those who closed the Government look to save face. With a Federal Holiday Monday, we'll have to wait and see how the markets react if there is no deal by Tuesday. Hint: After the shut down the markets were down most of the first seven trading sessions. When word leaked that the sides were talking and a deal might be had, key indices were up 2% on Thursday and close t o 1% on Friday. For Wojo...
The toughest thing about writing is coming up with a catchy title every day I decide to write a new article. You have to read today's title with the whiny voice inflection of a teenage girl and picture how she stomps her foot when she says it. Make sure and use those exclamation points. It'll help you see the sarcastic wit I was trying for when I chose "math is hard!!" as the title. You see my friends, aside from being an air traffic controller, I am also a 39 year old college student. I had my one experience at college in the fall of 1986. It involved beer, vodka, companionship and - hmm – what are all these rooms with chairs for? Needless to say a 0.64 GPA was not going to get me into Harvard Law let alone Spencer Hill Institute of Technology . 20 years later, I enrolled at the National Labor College and I'm on the brink of graduating with a degree in Labor Studies, Labor Education and Union Administration. I have a few more hurdles to clear, one of which was p...
In case anyone feels as if the Gov't shutdown isn't having an impact: One Congressman said it's a "few million". It's actually estimated at $12.5 million per hour. 1 million essential Government workers are on the job and will not get paid for work performed after October 1st until the shutdown ends. My personal experience: the talk at work is how people are going to manage without one or two paychecks, whether the bank will take an IOU for the mortgage or car note. Just what I want - air traffic controllers separating airplanes with concern over paying their bills in the forefront of their minds. Yes, we're professionals and we go to work and do our best work regardless of the circumstances. We still kick ass for the flying public, just like the other 985 thousand that are working for an IOU. Sure, I will eventually get paid - unlike the 800 thousand furloughed Government workers who may or may not. It's just not a very good feeling to have this ...
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