The American government has until midnight tonight to figure out what to do about its failing financial health. If the parties on both sides of the 'house' can't agree the government will shut down due to lack of funds. What exactly does this mean to the average American? I'm no financial expert but it occurs to me that government employees won't get a pay cheque, people on government subsidies won't get a pay cheque, infrastructure won't get repaired, the military won't get a pay cheque.......... How does this happen? Will taxes go up? Will the government somehow have to refinance and increase the debt load on all Americans? If all the sources of loaned money the American government has been running on lo these many years decide to claim the amount due, who then will own the country? Can anyone own a country? Will this make the USA a third world country? How many years has it taken for this disaster to build up and why wasn't someone doing something about it before now? When you and I notice that there isn't enough money to go around we cut back on something.....the frills go first, yes? Most of us know that you can't keep borrowing money to cover your shortfall. You either cut back here and there or you get another source of income ie a job.
How does the American dollar drain affect other countries? How can a country so inept at handling their own finances even begin to negotiate trade deals? I have more questions than answers. More questions than a simple blog post by a simple (and probably simple minded) woman has room for. Any answers? Anyone?