Forget The Debt Ceiling — Traders Are Buzzing About The Gigantic Asteroid Barreling T

[Wehrwolfen]

Forget The Debt Ceiling — Traders Are Buzzing About The Gigantic Asteroid Barreling Towards Earth​

By Sam Ro
1-8-2013

ART CASHIN: Forget The Debt Ceiling — Traders Are Buzzing About The Gigantic Asteroid Barreling Towards Earth Sam RoJan. 8, 2013, 8:46 AM
With no major economic, earnings, or political news, yesterday turned into one of the most boring trading days in a very long time. According to UBS's Art Cashin, this gave the New York Stock Exchange floor traders time to chat about various things. One of those things: the gigantic asteroid heading toward earth. From this morning's Cashin's Comments: And You Thought The Debt Ceiling Was All You Had To Worry About – Trading was slow enough yesterday that traders had more than the usual allotment of time for chitchat. Quickly exhausting sports, politics and the rest of the usual roster, thinking and thoughts turned skyward.

Apparently, in mid-February, asteroid 2012 DA14 will pass within 21,000 miles of earth.

NASA assures us that their calculations show that it will not strike the earth.

We're from the government and we're here to help you.​

Let's hope NASA double-checked their math.


[Excerpt]

Read more:
ART CASHIN: Mid-February Asteroid - Business Insider

 

[waltky]

Granny says, "Dat's right - make dat do-nothin' Congress do sumpin' or don't pay `em...

Debt Ceiling Deal: ‘No Budget, No Pay’
January 18, 2013 – House Republicans have released their plan to avert a debt ceiling breach, demanding that Senate Democrats pass a budget in exchange for a three-month debt ceiling increase.

“Before there is any long-term debt limit increase, a budget should be passed that cuts spending. The Democratic-controlled Senate has failed to pass a budget for four years. That is a shameful run that needs to end, this year,” House Speaker John Boehner (R-Ohio) said in a statement Friday. “We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government’s spending problem. The principle is simple: no budget, no pay.”

Boehner and House Republicans will introduce a bill next week raising the debt ceiling for approximately three months. In exchange for a long-term increase, the Senate must pass a budget. If the Senate does not pass a budget during that time period, the House will block members of both houses from receiving a salary. “The first step to fixing this problem is to pass a budget that reduces spending. The House has done so, and will again. The Democratic Senate has not passed a budget in almost four years, which is unfair to hardworking taxpayers who expect more from their representatives. That ends this year,” House Majority Leader Eric Cantor (R-Va.) said in a statement. “Next week, we will authorize a three month temporary debt limit increase to give the Senate and House time to pass a budget. Furthermore, if the Senate or House fails to pass a budget in that time, Members of Congress will not be paid by the American people for failing to do their job. No budget, no pay.”

Typically, the debt ceiling is increased as-needed as part of the normal congressional budget and appropriations process. That process has completely broken down over the past several years as Senate Democrats have refused to pass a budget – the beginning step in the process – and have refused to pass most federal appropriations bills before the end of the federal fiscal year.

As a result, the government has been run on a series of continuing resolutions and half-year spending bills – resulting in a Congress that lurches from one spending and debt deadline to another. The House Republican debt ceiling offer is an effort to force the Senate Democrats to once again engage in the normal budgeting and appropriations process.

House Republicans Unveil Debt Ceiling Deal: ?No Budget, No Pay? | CNS News

 

[g5000]

45 meters is gigantic?

 

[Lakhota]

 

[bripat9643]

45 meters is gigantic?

It would be bigger than the one that made the mile wide crater at Meteor Crater AZ.