OCTOBER 1 GOVERNMENT SHUTDOWN? Unless Congress passes a continuing resolution to fund the government, most government services will cease after October 1. A shutdown at this time would be much more severe than the partial government shutdowns we experienced in 1995 and 1996. No budgets have been passed for the last few years so the government has nothing to fall back on if a continuing resolution does not pass. Moreover, by the end of October, the government will default on its debt obligations unless the debt ceiling is raised. My reading is that neither of these worst case scenarios will come to pass. The Republicans cannot afford to shut down the government. They would shoulder the majority of the blame and be the target of the public outrage that would result. Read more at interdimensionaltimes.wordpress
Posted on: Wed, 25 Sep 2013 00:50:52 +0000
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