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Friday, 19 January 2018

Coupon Clippers

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?

12 comments:

  1. Not our first shut down, the parks have the swing gate locked and we carry on. And on and on and on. There is no way out but impeachment or the ballot box. I saw a post of someone's bill board: Can someone just do the blow job and we can impeach him. Then that happened. You see how it is--how low can we go.

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    1. While I'm not a fan of the \Trumpster' it's hard to accept that all that debt could have been wracked up by one ignoramous. Ot can it?

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    2. Debt is not great, but it's how the world goes round, including government. The problem is, it must be funded. Congress representatives with too many axes to grind use the debt ceiling, or amount of debt allowed, as a tool. Funding the debt used to be a five minute matter of business, until Newt Gingrich realized it was a magnificent tool to control Bill Clinton. The source of my little quote. Newt is the Republican who commenced the current round of dirty tricks that hurt all citizens.

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  2. The last time the government was shut down, I think only the national parks were closed.

    We've been getting by on continuing resolutions for many years. I'm not sure President Obama ever got a budget through. Maybe in year 1. It's all broken and trying to find a compromise seems to be a sign of weakness for most of our legislators.

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  3. Don't get me started!

    The way I see it, politicians continually wait until the very last minute to try to work out a budget agreement. Every time! I mean, they KNOW when the fiscal year ends; they KNOW what has to be done, and still... they fiddle fart around with it until it's a panic drill. Ridiculous. And even worse, they never try to pass a clean bill that ONLY covers the budget or whatever other last-minute must-pass bill they're working on... they keep tacking other extraneous stuff onto it to muddy the waters even more. We don't need a bunch of procrastinators running the country; we need people who can get things done. GRRRRR!

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    1. Stay at home mums who manage households, children and bills on hubby's ONE wage and still have a few dollars left over for birthday cards and cake. It's a no-frills existence, but the budget always added up and never blew out. Perhaps if the politicians all accepted a 50% pay cut.....

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  4. Sadly policians the world over play games with other people's lives and livelihoods. Hiss and spit.
    I expect a deal will be arrived at, and wonder which 'side' will make the most concessions.

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  5. The truth about a government “shutdown” is — the government doesn’t really shut down.

    Social Security checks will still go out. Troops will remain at their posts. Doctors and hospitals will receive their Medicare and Medicaid reimbursements. In fact, virtually every essential government agency, like the FBI, the Border Patrol and the Coast Guard, will remain open. Transportation Security Administration officers will continue to man airport checkpoints.

    But hundreds of thousands of federal workers will be forced off the job, and some services will go dark.

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  6. Someone can correct me if I'm wrong, but I believe that most governments are in debt to a greater or lesser extent. Beyond that I don't know the fine points, but it seems to be accepted that while it's not ideal, it's not a big deal most of the time, just when the debt reaches a certain level. Like in Greece, maybe? I'll shut up now before I do too much damage to the conversation!!

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  7. Sounds like Dire Straits for the USA. of course, all governments are in debt to one extent or another, possibly the information you have is blown out of proportion a bit, I hope the general populace doesn't get panicky about it, it seems more information is needed and fast. I have no idea how a shut down would affect the economies of other countries and don't think I'd like to find out.

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  8. No way is this a good situation but it's not the first shut down and I'm sure some sort of deal will be agreed ...
    Watch this space!

    All the best Jan

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It's lovely to know someone else is out there. Please leave me a comment...pretty please.