Government Shutdown 2011? – 16 Things You Need To Know

Is it actually going to happen?  Are we actually going to see “Government Shutdown 2011”?  Will the streets of Washington D.C. soon be eerily quiet as hundreds of thousands of federal workers are temporarily sent home?  Right now Barack Obama, Harry Reid and John Boehner all say that they want to reach a deal and avoid a government shutdown, but the deadline is coming up fast.  The current spending bill that the government is operating under expires at the end of Friday.  If the Republicans and the Democrats do not come to an agreement before then, the U.S. government will “shut down” at 12:01 AM Saturday morning.  The Republicans have proposed a plan to extend government funding for one more week so that negotiations may continue, but the Democrats have rejected it.  Obama has summoned Reid and Boehner to the White House tonight in an attempt to hash out a deal, but most observers are not particularly optimistic.  Sadly, government debt is going to expand at a mind blowing pace this year no matter who wins this battle. (Read More...)

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