Could and will are different things. At this point, I do not think that we are at the point of being unable to stop a default. I dont think we have the political will, or will have the will to change our negative course though - so in a sense, no, I dont think the gov can solve its issues.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 

This has to be looked at from the frame of a highly irrational person, no other kind of people run for office. Their point of view is this, I'm spending other peoples moeny why should I give a shit if I fuck it all up.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
heister:
This has to be looked at from the frame of a highly irrational person, no other kind of people run for office. Their point of view is this, I'm spending other peoples moeny why should I give a shit if I fuck it all up.

Congressmen are highly rational. They are agents who represent themselves and a few key campaign contributors. They have one objective: to key elected. Everything else is a dog and pony show.

 
Best Response

LOL no. Any cuts we make are jokes.

I see a couple ways out:

1) Another transformational technology like the internet- we would grow our way out.

2) We keep building a mountain of debt, but other countries give us a free pass for the sake of preserving the global economy.

3) We fire up the printing presses, effectively defaulting

Our obligations to our own citizens will sink us. Medicare, SS, Medicaid, and the new Healthcare bill will dominate spending. Unfortunately, the old have disproportionately high turnout...so cutting those programs will be tough. It is almost a tragedy of the commons: the seniors would rather have medicare as is for X more years than cut benefits/raise the minimum age to ensure long term solvency.

 

Nam rem sed quia necessitatibus alias aliquid necessitatibus veniam. Id optio eveniet quidem pariatur.

Et doloremque rem quia. Nulla maxime sit et culpa et vel est.

Tempore dolor sed doloremque sit quas ut porro ab. Sed sunt eos nisi reiciendis ut. Et sed quia est pariatur ipsa numquam. Placeat in incidunt aut. Et sequi recusandae labore minus. Ad laudantium autem quam.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”