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Billionaire Thomas Peterffy on Debt Ceiling & Spending Fight

by 1389AD ( 76 Comments › )
Filed under Debt, Inflation, taxation at January 17th, 2013 - 5:00 pm

From CNBC:

Visit NBCNews.com for breaking news, world news, and news about the economy

Discussing the “fiscal cliff” deal, with Thomas Peterffy, Interactive Brokers founder & CEO. “As a result of the tax increases, we are going to collect substantially less revenues than we thought,” he says.


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76 Responses to “Billionaire Thomas Peterffy on Debt Ceiling & Spending Fight”
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  1. lobo91
    1 | January 17, 2013 5:11 pm

    “As a result of the tax increases, we are going to collect substantially less revenues than we thought,” he says.

    Oh, come on. Raising tax rates always results in higher revenues.

    Well, on Bizarro World, anyway.
    //


  2. 2 | January 17, 2013 5:18 pm

    @ lobo91:

    In Progressive land!


  3. heysoos
    3 | January 17, 2013 5:19 pm

    2+2=5


  4. heysoos
    4 | January 17, 2013 5:25 pm

    this country needs some sort of national venue that is so popular and informative that no pol dare resist an invite…a place where our Divine Elected are made to discuss issues and expose ignorance thus showing America the character and failed insights of our leaders….then I woke up and remembered my govt is a fraud, a criminal enterprise of deceit and arm busting


  5. heysoos
    5 | January 17, 2013 5:35 pm

    if Americans dig AmIdol politics, then I say cram it down their throats til they gag…of course, if you have no skin in the game you cannot vote


  6. Da_Beerfreak
    6 | January 17, 2013 5:35 pm

    Once again Liberals get bit in the ass for ignoring the Laffer curve. :lol:


  7. unclassifiable
    7 | January 17, 2013 5:37 pm

    I maxed out my 401K contribution just to deny the government “my fair share”.

    At least the big publicly owned companies have a chance to get me a little return.

    Giving it to the government just goes to union extortionist, liberals, and corporate shakedown artists (like the Solyndra executives).


  8. RIX
    8 | January 17, 2013 5:38 pm

    ObamaCare & his new taxes are killing job creation.
    I think that BHO is cool with that, more government
    dependecy.


  9. coldwarrior
    9 | January 17, 2013 5:38 pm

    @ lobo91:

    they quit teaching economics in school for a reason


  10. lobo91
    10 | January 17, 2013 5:39 pm

    Rodan wrote:

    @ lobo91:
    In Progressive land!


  11. heysoos
    11 | January 17, 2013 5:40 pm

    insider trading…illegal
    betting on a sport you participate in…illegal
    influencing foreign elections…illegal
    driving a car without a license…illegal
    voting without paying taxes…legal and vigorously encouraged


  12. lobo91
    12 | January 17, 2013 5:42 pm

    @ heysoos:

    insider trading…illegal

    Unless you’re in Congress.


  13. heysoos
    13 | January 17, 2013 5:46 pm

    the welfare state controls American economics…chew on that…illiterate and broke, living off the feds, they are empowered by liberals against us…herd them into fed housing, feed them food and water, cheat them out of any chance for a proper education, buy them a TV…these people control the working lives and personal economics of the working stiffs who are bound by law to be enslaved by them….the pigs are loose


  14. heysoos
    14 | January 17, 2013 5:47 pm

    and the feds threaten me with compliance or penalty?…hahaha!
    go fuck yourself


  15. buzzsawmonkey
    15 | January 17, 2013 5:48 pm

    heysoos wrote:

    the pigs are loose

    The pigs are loose? Drive them through Gaza, ten thousand strong!


  16. heysoos
    16 | January 17, 2013 5:48 pm

    lobo91 wrote:

    @ heysoos:
    insider trading…illegal
    Unless you’re in Congress.

    that’s the point…an election to the House is the very best job ever dreamed up


  17. buzzsawmonkey
    17 | January 17, 2013 5:49 pm

    heysoos wrote:

    an election to the House is the very best job ever dreamed up

    Just ask Hank Johnson!


  18. heysoos
    18 | January 17, 2013 5:53 pm

    @ buzzsawmonkey:
    both my kids were unbelievably sloppy…straight A students tho…I’d look at their space, the material carnage and just shake my head…the pigs are loose…my daughter explained to me one time that when clothes need to be washed more than three times, throw them away dad…eeewwww!…they both survived and have cleaned up their acts…but really


  19. coldwarrior
    19 | January 17, 2013 5:54 pm

    buzzsawmonkey wrote:

    heysoos wrote:
    the pigs are loose
    The pigs are loose? Drive them through Gaza, ten thousand strong!

    arkansas razorbacks!


  20. buzzsawmonkey
    20 | January 17, 2013 5:56 pm

    coldwarrior wrote:

    arkansas razorbacks!

    Precisely.


  21. heysoos
    21 | January 17, 2013 5:56 pm

    by high school my boy, the Homecoming King, had learned to con his girlfriends into cleaning his cool T-Bird…I knew then he was headed for greatness


  22. coldwarrior
    22 | January 17, 2013 5:57 pm

    buzzsawmonkey wrote:

    coldwarrior wrote:
    arkansas razorbacks!
    Precisely.

    those are some mean and nasty and destructive swine right there


  23. coldwarrior
    23 | January 17, 2013 5:58 pm

    heysoos wrote:

    by high school my boy, the Homecoming King, had learned to con his girlfriends into cleaning his cool T-Bird…I knew then he was headed for greatness

    impressive!


  24. buzzsawmonkey
    24 | January 17, 2013 5:58 pm

    coldwarrior wrote:

    those are some mean and nasty and destructive swine right there

    Yep. That’s my solution to the Hamas problem; 10,000 of them stampeded south from the north end of Gaza.


  25. heysoos
    25 | January 17, 2013 6:00 pm

    coldwarrior wrote:

    heysoos wrote:
    by high school my boy, the Homecoming King, had learned to con his girlfriends into cleaning his cool T-Bird…I knew then he was headed for greatness

    impressive!

    I tells ya…I never had so much fun in my life as raising my kids…very little trouble but tons of hilarity…now I have two new little pirates to corrupt


  26. coldwarrior
    26 | January 17, 2013 6:00 pm

    buzzsawmonkey wrote:

    coldwarrior wrote:
    those are some mean and nasty and destructive swine right there

    Yep. That’s my solution to the Hamas problem; 10,000 of them stampeded south from the north end of Gaza.

    oh, i would pay money to see that!

    achmed’s head would explode!


  27. song_and_dance_man
    27 | January 17, 2013 6:01 pm

    One of my suggestions years ago at 1.0 was to drop Hogzilla from 8 miles high right on top of the Borg ship in Mecca.


  28. buzzsawmonkey
    28 | January 17, 2013 6:01 pm

    @ coldwarrior:

    And, it’s organic!


  29. coldwarrior
    29 | January 17, 2013 6:03 pm

    song_and_dance_man wrote:

    One of my suggestions years ago at 1.0 was to drop Hogzilla from 8 miles high right on top of the Borg ship in Mecca.

    i was up in the wilds of the ozarks and came face to face with one of those big pigs. it wasnt scared of me one iota. i backed away real slow like…

    the stink !!! wow!


  30. lobo91
    30 | January 17, 2013 6:04 pm

    Will they leave their heavily-armed security details at home?

    Obama And Biden To Tour The Country To Rally Support For Gun Crackdown…

    Vice President Biden said he and President Obama will tour the country making the case for gun control laws – the centerpiece of which is a requirement that all gun buyers submit to a federal background check.

    Biden, speaking to the U.S. Conference of Mayors, devoted the heart of his remarks to pushing the background check requirement twinned with pleas that state and federal governments share their information on prospective gun purchasers.

    Obama has already begun recruiting supporters on the gun issue through both his campaign apparatus — which e-mailed supporters Thursday asking them to “stand with the president to reduce gun violence,” and the official Web site, but Biden’s remarks at the Capitol Hilton mark the first declaration that the White House plans to barnstorm to build support for its gun proposals.

    “We’re going to take this fight to the halls of Congress, Biden said. “We’re going to take it beyond that. We’re going to take it to the American people. We’re going to go around the country making our case and we’re going to let the voices, the voices of the American people be heard.”


  31. coldwarrior
    31 | January 17, 2013 6:06 pm

    @ lobo91:

    he is desperate to cover up the economy.


  32. buzzsawmonkey
    32 | January 17, 2013 6:06 pm

    The solution to the West Bank problem—the “Treif, Don’t Strafe Solution”—is more prosaic:

    1) Israel announces that it recognizes Jordan as the only legitimate “Palestinian” state, and that it recognizes the Arab “right of return” to Jordan only.

    2) Announce that the Arabs who claim to be “Palestinian” will receive $50,000 a head to exercise their right of return, upon signing a quitclaim to any claims they may have to anything whatsoever in the Land of Israel, from the Jordan River to the Mediterranean.

    3) This $50,000 will drop to $40,000 if it is not exercised in one month. It will drop $10,000 per month thereafter until it reaches $0.

    4) Once the relocation allowance reaches zero, all the “Palestinian”-held areas in the West Bank will be systematically and repeatedly cropdusted with pig fat.


  33. coldwarrior
    33 | January 17, 2013 6:09 pm

    buzzsawmonkey wrote:

    West Bank will be systematically and repeatedly cropdusted with pig fat.

    :lol:

    hey now! thats a horrible waste of lard!


  34. song_and_dance_man
    34 | January 17, 2013 6:12 pm

    coldwarrior wrote:

    i was up in the wilds of the ozarks and came face to face with one of those big pigs. it wasnt scared of me one iota. i backed away real slow like…

    I never realized just how big hogs could get until I stayed with my grandparents one summer back in the late 60′s. These beasts were huge, and yes the smell. Yowzer. I had to feed them and then shovel out the crap they wallowed in. I was glad when that summer was over.


  35. unclassifiable
    35 | January 17, 2013 6:15 pm

    @ lobo91:

    I’ll have to ready my Obamitler sign for his Texas swing.

    With my new standard greeting of course (1st Amendment and all that).


  36. AZfederalist
    36 | January 17, 2013 6:15 pm

    a result of the tax increases, we are going to collect substantially less revenues than we thought,” he says.

    How can this be? We were told that raising these taxes would raise revenue by $60B. No way that the regime would lie to us. Nah, this hs to be wrong.


  37. unclassifiable
    37 | January 17, 2013 6:17 pm

    @ AZfederalist:

    They did not lie. They were quoted out of context.


  38. AZfederalist
    38 | January 17, 2013 6:23 pm

    asking them to “stand with the president to reduce gun violence,”

    Because “gun control” doesn’t poll well, the new hotness is “reduce gun violence”. Never mind that none of what they are proposing will do that — hasn’t worked in Chicago, NYC, or D.C. with the draconian gun laws they already have and their rates are higher than those places that are less restrictive. But somehow, that flies right past the dense skulls in the democrat media (but I repeat myself).

    It’s not about guns ,it’s about control.


  39. coldwarrior
    39 | January 17, 2013 6:30 pm

    ozzy, ozzy, ozzy…

    Ozzy Osbourne and his wife Sharon have received a stern lecture from firefighters after a fire in their Beverly Hills home singed the rock icon’s hair and damaged his hand.

    The couple left a candle burning through the night that exploded in its glass vase and sparked a small blaze in their living room.

    Ozzy, whose arm had been bandaged up following hand surgery, tried to air the room as Sharon rushed to collect some water, but her efforts to extinguish the oily flames only caused the fire to spread, singeing chunks of the rocker’s long locks in the process.


  40. yenta-fada
    40 | January 17, 2013 6:41 pm

    I like the way Peterffy refused to let Maria control the conversation.
    He just shrugged off her questions and said what he came on to say.
    Maria thinks people can’t comprehend the problem of SPENDING MORE MONEY THAN YOU HAVE. Helloooo. Too deep for the little people who have made a family budget all their lives. /


  41. song_and_dance_man
    41 | January 17, 2013 6:42 pm

    OUCH


  42. yenta-fada
    42 | January 17, 2013 6:47 pm

    It’s not the debt ceiling that’s the problem. It’s the debt. It’s the lying liar investment banks and hedge funds that created derivatives which required bank bailouts at the taxpayers expense.
    Risk management implies that you get a reward commensurate to risk. For the well-connected financial manipulators, there is no risk. They make bets (aka derivatives) that are like turtles all the way down. Except there are no turtles because there’s no counterparty if you are Goldman Sachs and take both sides of the bet while making money on commissions and such.
    Eeeeevil.


  43. yenta-fada
    43 | January 17, 2013 6:48 pm

    song_and_dance_man wrote:

    OUCH

    Good one!


  44. yenta-fada
  45. yenta-fada
    45 | January 17, 2013 6:53 pm

    Hmmmm. Getting closer to my Thursday night ebay addicts anonymous meeting.


  46. heysoos
    46 | January 17, 2013 6:54 pm

    @ song_and_dance_man:
    yeah, whoa


  47. Dolphin
    47 | January 17, 2013 6:55 pm

    Passing this along for those interested. No link. Info is from another forum. Many confirm it is ligit and have taken advantage of the offer.

    $300 NRA Life Membership deal. Call 1-888-678-7894. Big thank you to Tom Gresham for giving the NRA the impetus to bring back this deal for a limited time. You don’t even need to have an existing life member’s membership #.


  48. heysoos
    48 | January 17, 2013 7:00 pm

    another magnificent sunset ready to impose itself on the citizens of Albuquerque…what’s not to like about New Mexico?


  49. unclassifiable
    49 | January 17, 2013 7:00 pm

    @ Dolphin:

    Thank you.


  50. waldensianspirit
    51 | January 17, 2013 7:11 pm

    Actually they’re fine with less in… the faster they can do in the currency and make their own


  51. unclassifiable
    52 | January 17, 2013 7:22 pm

    @ Guggi:

    One more step toward political oblivion…

    …but hey they can enjoy the dinner parties until then.


  52. Da_Beerfreak
    53 | January 17, 2013 7:24 pm

    @ song_and_dance_man:
    :twisted:


  53. buzzsawmonkey
    54 | January 17, 2013 7:28 pm

    Guggi wrote:

    House Republicans weighing short-term debt limit increase

    Boehner must be a masochist.


  54. lobo91
    55 | January 17, 2013 7:33 pm

    And the smears begin:

    What did a Georgia congressman have to do with the Newtown shootings? Not a damn thing, aside from believing in the Second Amendment.

    Of course, the gutless punks who created this video diabled comments…


  55. heysoos
    56 | January 17, 2013 7:34 pm

    I believe…
    I believe I’ll dust my broom


  56. Aussie Infidel
    57 | January 17, 2013 7:37 pm

    Off topic. The Algerian hostage standoff is over. The bus attack that occurred between the plant and airport was beaten off and most potential hostages escaped. The second attack on the plant was successful and up to 41 foreign hostages were taken as well as hundreds of Algerian workers who were only lightly guarded and most escaped. Now the foreign hostages are free with an unknown number killed in the rescue attempt.


  57. lobo91
    58 | January 17, 2013 7:38 pm

    This is what happens when you let idiot politicians write laws about things they don’t understand:

    NYPD To Be In Violation Of Cuomo’s New Anti-Gun Law After They Fail To Exempt Police Officers From Ban On Ammo Clips Over 7-Rounds…

    It appears someone forgot to exempt police officers from the ban of ammunition clips with more than 7 bullets in New York State’s new gun control law.

    It’s a big oversight that apparently happened in the haste by the Cuomo Administration to get a tough package of gun-control measures signed into law.

    On Tuesday, Governor Andrew Cuomo signed the sweeping gun measure, the nation’s toughest. It includes a ban on the possession of high-capacity magazines.

    Specifically, magazines with more than 7 rounds will be illegal under the new law.

    The problem as the statute is currently written does NOT exempt law enforcement officers.

    The NYPD, the State Police and virtually every law enforcement agency in the state carry 9-milli-meter guns, which have a 15-round capacity.

    Unless an exemption is added by the time the law takes effect in March, police would technically be in violation of the new gun measure.


  58. Aussie Infidel
    59 | January 17, 2013 7:40 pm

    yenta-fada wrote:

    It’s not the debt ceiling that’s the problem. It’s the debt. It’s the lying liar investment banks and hedge funds that created derivatives which required bank bailouts at the taxpayers expense.
    Risk management implies that you get a reward commensurate to risk. For the well-connected financial manipulators, there is no risk. They make bets (aka derivatives) that are like turtles all the way down. Except there are no turtles because there’s no counterparty if you are Goldman Sachs and take both sides of the bet while making money on commissions and such.
    Eeeeevil.

    After the 2008 bail out the bankers are back in the derivative business yet again. Goldman Sachs has just posted a massive profit back into the billions yet again. And so the money merry-go-round continues until the next collapse and harvesting of taxpayers’ dollars by these banking raiders.


  59. buzzsawmonkey
    60 | January 17, 2013 7:41 pm

    Obama whores small children to ramp up gun-grab.

    What a despicable piece of shit.


  60. heysoos
    61 | January 17, 2013 7:41 pm

    I think an inherent desire to not experience rural and suburban America is the greatest fault of liberals…cooped up on the coasts is no way to live but their instinctive resistance to reality delays their enlightenment…they prefer to isolate themselves and are then shocked when principled disagreement does not favor their view…sorta like children, and that’s how they should be treated


  61. Calo
    62 | January 17, 2013 7:42 pm

    heysoos wrote:

    insider trading…illegal
    betting on a sport you participate in…illegal
    influencing foreign elections…illegal
    driving a car without a license…illegal
    voting without paying taxes…legal and vigorously encouraged

    Lord help me, I am late to the party but heysoos is making sense tonight.


  62. heysoos
    63 | January 17, 2013 7:44 pm

    buzzsawmonkey wrote:

    Obama whores small children to ramp up gun-grab.
    What a despicable piece of shit.

    yup…a new form of liberal pedophilia


  63. Guggi
    64 | January 17, 2013 7:45 pm

    and this is news worthy ?

    First lady gets a Twitter account for her birthday
    Michelle Obama’s office debuted a new official Twitter account on Thursday with a tweet seeking well wishes for the first lady on her 49th birthday.

    (WaPo)


  64. Aussie Infidel
    65 | January 17, 2013 7:45 pm

    No representation without taxation.

    Everyone needs some ‘skin’ in the game to ensure that they concentrate!


  65. 66 | January 17, 2013 7:48 pm

    coldwarrior wrote:

    ozzy, ozzy, ozzy…
    Ozzy Osbourne and his wife Sharon have received a stern lecture from firefighters after a fire in their Beverly Hills home singed the rock icon’s hair and damaged his hand.
    The couple left a candle burning through the night that exploded in its glass vase and sparked a small blaze in their living room.
    Ozzy, whose arm had been bandaged up following hand surgery, tried to air the room as Sharon rushed to collect some water, but her efforts to extinguish the oily flames only caused the fire to spread, singeing chunks of the rocker’s long locks in the process.

    In church they have big tin containers on the candle stands filled with clean sand. You put the candles in there. When they burn down to the sand, they go out. No glass that can break.

    The kids are taught early on to keep their clothes and hair away from the candles.


  66. lobo91
    67 | January 17, 2013 7:48 pm

    @ lobo91:

    That article is wrong, BTW. NY State Police don’t carry 9mm sidearms, although NYPD do.

    The State cops carry the Glock 37, which is a 10 shot pistol chambered for the .45GAP round.


  67. heysoos
    68 | January 17, 2013 7:52 pm

    what do events mean to a welfare mother that has lived off the feds for 3 generations?…they are like cattle, you can’t let them starve, so you feed them…to allow this liberal created class of people to vote is preposterous…I’m flexible but this is suicide


  68. heysoos
    69 | January 17, 2013 7:54 pm

    our niceness will be our downfall…bet me


  69. Da_Beerfreak
    70 | January 17, 2013 7:56 pm

    Aussie Infidel wrote:

    No representation without taxation.

    Everyone needs some ‘skin’ in the game to ensure that they concentrate!

    What about sales taxes, excise taxes, property taxes, use taxes, license fees, and so on… I don’t believe that there is anybody that doesn’t pay some sort of tax or fee now days. I really think the “tax free person” is an urban legend. :evil:


  70. lobo91
    71 | January 17, 2013 7:57 pm

    @ heysoos:

    I’m flexible but this is suicide

    Technically, I think it’s more like homicide. The left created this situation deliberately in order to destroy the country.


  71. brookly red
    72 | January 17, 2013 7:58 pm

    Da_Beerfreak wrote:

    Aussie Infidel wrote:

    No representation without taxation.

    Everyone needs some ‘skin’ in the game to ensure that they concentrate!

    What about sales taxes, excise taxes, property taxes, use taxes, license fees, and so on… I don’t believe that there is anybody that doesn’t pay some sort of tax or fee now days. I really think the “tax free person” is an urban legend.

    well what about the entitlement class? If you pay sales tax with someone else’s money are you really paying tax?


  72. brookly red
    73 | January 17, 2013 8:00 pm

    heysoos wrote:

    our niceness will be our downfall…bet me

    \
    Sun Tzu: if you feed your enemy you have a well feed enemy.


  73. heysoos
    74 | January 17, 2013 8:00 pm

    @ Da_Beerfreak:
    I got the tax me, tax you blues dude…it never ends, but how is it spent?…we have lost the ability to control govt, now it controls us…unacceptable


  74. 75 | January 17, 2013 8:08 pm

    New thread.


  75. Da_Beerfreak
    76 | January 17, 2013 8:09 pm

    @ brookly red:
    Yes. It’s yours after you receive it. Just because someone may be completely supported by the Government doesn’t mean they don’t pay any taxes. I don’t pay any income taxes but I do pay the other taxes and fees and I don’t get one cent from the government. The “skin in the game” test is based on a faulty premise.


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