Monday 30 September 2013

2013-30 Shutdown!

It looks like the US will not come up with a budget by midnight. As a result the so-called shutdown will start. It is for the 17th time in 37 years. Out of recent presidents, only George W. Bush did not experience a government shutdown.
What you shoud know: the Globe article mentions a few things.
  • What it is about? The Republican party wants to derail the Affordable Health Act, or Obamacare. They need to agree on a budget but they put forward conditions that the Democratic party rejects
  • What will happen? Non-essential government personnel will not work or be paid. The rules change but if you are planning to visit Yosemite, forget it (National parks do close). There can be lineups on the border.
  • Debt default is not now, only on October 17, if they do not come to an agreement. That would be a disaster.
My comment: Loonie is not just a one dollar coin


1 comment:

  1. Does "shutdown" mean the Government will have no money to spend??

    ReplyDelete