Thursday, October 03, 2013

Everything You Need to Know About the Shutdown and the 'Debt Ceiling'



In clear language, President Obama explains to workers at a Kentucky plant what's going on with the government shutdown and the impending crisis over the 'debt ceiling,' or paying the country's bills: who is responsible, how it can be fixed, what's happening now, what could happen, what's at stake.  Among the points he makes that aren't generally discussed is that the budget that the Senate passed but the House refuses to pass was already a compromise budget that kept cuts the Republicans insisted on, at least until there are further negotiations.  But the refusal of Republicans to pass what is essentially their budget until they get what they have been unable to get through democratic means, is responsible for the shutdown.  And how and why they are threatening an even worse economic catastrophe in the next two weeks.

No comments: