Friday, April 8, 2011

So WHY are we going to shut the govt down?

Who knows. At least no one on TV news has explained the issues dividing the republicans and the democrats on passing the continuing resolution to keep the government open for business. Is it the amount of money to be cut? Is it what is on the chopping block? Is it riders? If so,which riders and what do they say?
If the government shuts down, then the finger pointing starts. So far we don't know which side was holding out for what. Maybe that's the plan? Have the government shut down and not be able to blame either side?
The Republican cuts are just a token amount. It isn't enough money to come anywhere close to balancing the budget. But if we cannot pass token chickenfeed cuts how are we ever going to pass cuts big enough to do any good?
If we don't cut spending, then the bond market will do it for us. Investors will stop buying T-bills, and the government runs out of real money. And starts just printing dollar bills to meet payroll.

No comments: