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U.S Government Shutdown

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○ Μαρία ○:
So I just heard about this on the news, and I am not particularly certain what this means, or what the extent of this "shutdown" is. All I know is, they have until 12:01 a.m. tonight to come to an agreement on a spending bill or something. This is the only information I've learned about this, and maybe this is all I really need to know, idk? I am kind of confused what will happen, and if it's anything really serious: http://www.cnn.com/2013/09/30/politics/government-shutdown-up-to-speed/


Discuss.

coolzeldad:
Essentially it's nothing really different from what has happened in the past.

This is the general story:
- Nation spends more than revenue can cover
- Nation exceeds arbitrary "debt" limit, which doesn't actually mean much as you'll see in the next few lines
- Nation increases arbitrary debt limit, which means that we raise the limit for the amount of money we can "borrow" to cover the costs, however we actually don't "borrow" so to speak, we create artificial sources of temporary revenue. Some people claim it comes from X country, China is used a lot, however it is a complex political/economical control that the United States exploits.

The problem lies in the passing of a higher debt limit only because the two controlling parties of the United States have entirely different ways to control the money spent.

So they disagree until the deadline and make a quick compromise. This can have temporary negative effects to the government workforce ( e.g. slow downs, unavailable services ). This is also referred to as a "government shutdown".

CodeKyuubi:
Hasn't it happened multiple times in the past years, as recently as last year? To be honest, at this point I just think to myself "Oh, this again."

○ Μαρία ○:

--- Quote from: coolzeldad on September 30, 2013, 03:22:09 PM ---Essentially it's nothing really different from what has happened in the past.

This is the general story:
- Nation spends more than revenue can cover
- Nation exceeds arbitrary "debt" limit, which doesn't actually mean much as you'll see in the next few lines
- Nation increases arbitrary debt limit, which means that we raise the limit for the amount of money we can "borrow" to cover the costs, however we actually don't "borrow" so to speak, we create artificial sources of temporary revenue. Some people claim it comes from X country, China is used a lot, however it is a complex political/economical control that the United States exploits.

The problem lies in the passing of a higher debt limit only because the two controlling parties of the United States have entirely different ways to control the money spent.

So they disagree until the deadline and make a quick compromise. This can have temporary negative effects to the government workforce ( e.g. slow downs, unavailable services ). This is also referred to as a "government shutdown".

--- End quote ---
Ah I see, man they should name it something else, calling it a shutdown makes it seem like everyone is going into a state of panic and the country is going to be fucked or something. And Code the last time it happened was in like 1995 lol.

Captain Communism:
What could happen is actually pretty bad; Social Security, Welfare, Medicare/Medicaid, Federal security forces (guards that work for the gov't)... all of those would be gone if the the shutdown actually occurred.

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