The debt ceiling negotiations are turning into another circus as Congress appropriates spending and then uses the debt ceiling to threaten a government shutdown after the fact….But something will come to the rescue here and force these circus performers to get their act together. And the one thing that is guaranteed to get the millionaires in Congress to act is seeing their own silly actions cause the stock market to go down.
So, here we are with futures down sharply on news of a government shutdown. Let’s see how long the millionaires in Congress can hold out as their own actions actually reduce their own net worths….My guess is this will get their attention pretty quickly.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.