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...)

Government Shutdown 2011? 5 Reasons Why It Wouldn’t Really Matter Either Way

Is the U.S. government going to shutdown on March 4th, 2011?  Possibly.  The current temporary funding extension expires on that day.  Speaker of the House John Boehner has pledged that the Republicans in the House will not pass another temporary funding extension that does not include “deep” cuts.  Barack Obama has pledged that he will veto the 61 billion dollars of budget cuts that the House of Representatives has just passed.  So now Boehner and Obama are playing a really bizarre game of chicken, and if neither of them blinks the U.S. government will shut down on March 4th.  So what will that mean?  Well, in a “government shutdown”, the entire government does not actually shut down.  Rather, only “essential personnel” are kept on during a shutdown and only “essential services” are provided.  Barack Obama would keep showing up at the White House and the U.S. military would continue to do their thing.  But it would cause a temporary disruption to a lot of government activities that people normally rely on. (Read More...)