Retirement And The Debt Ceiling

I spoke with my broker today about the investments in my retirement account. They are perking along just fine, thank you very much.

My real concern, though, is how will they be doing if the Democrats don't cave in to the Republicans and the Republicans allow the country to go into default. I got the impression that Kevin feels that these limp-dick Democrats will cave and I should have nothing to worry about.

"What if neither side blinks," I naively ask, "and the country does default on our debts. Then what?" Using financial jargon, Kevin stated that "you are fucked!"

So, there you have it folks - free professional financial advice from the Oracle. Unless you are filthy rich and or have a financial shelter, you are fucked if the country goes into default. But, if the Republicans win the game by getting the concessions they are demanding from the Democrats, we are still fucked. Medicare, Medicaid, and Social Security are already under Republican assault.

To "get" Obama the Republicans, apparently, will stop at nothing. That begs the question: if the country defaults, what happens to their investments; to Wall Street; to big oil; to big business; to the Koch brothers? Are they too, fucked, or are they too big to fail?

I'll end this little financial epistle on a high note. According to Kevin, if the country does go into default it should recover in about two years. Ain't that fucking grand? We haven't recovered from the Great Republican Recession and the GOP wants to do it all over again.

That wasn't the high note. I have been trying to think of ways to turn the SOG City Oracle into a a profitable endeavor, and I come up a flash! Every time I type in a cuss word I have to toss a quarter into the SOG City Dirty Word jar.

Holy shit, I am already up to a dollar on this scribble alone.

Oh crap, that's a dollar twenty five. I better quit, and no, it isn't retroactive goddammit.

$1.50 in the jar.

Son-of-a-bitch!

$1.75