27 Sep 2013
Washington shaking over debt ceiling threats?
FXstreet.com (Chicago) – Republicans and Democrats continue arguing about what the best possibility is for the US to face the debt-ceiling issue. While the Americans run out of time, the conditional debt-limit increase proposed by the reds is received poorly by the blues who feel threatened and shocked by the most recent propositions.
Inevitable shutdown?
“No Congress before this one has ever, ever, in history been irresponsible enough to threaten default, to threaten an economic shutdown, to suggest America not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with a budget” said President Obama after learning about the one-year delay of the Obama Care proposal, the tax overhaul, the rollback of environmental regulations such as allowance for energy exploration on federal lands.
Earlier this week, Elmendorf said a default would be a very “dangerous gamble” as in this uncertain world everyone has been able to count on the US government paying its debts. While politicians continue arguing, the US runs out of time as the hard debt-ceiling deadline is this October 17th.
Inevitable shutdown?
“No Congress before this one has ever, ever, in history been irresponsible enough to threaten default, to threaten an economic shutdown, to suggest America not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with a budget” said President Obama after learning about the one-year delay of the Obama Care proposal, the tax overhaul, the rollback of environmental regulations such as allowance for energy exploration on federal lands.
Earlier this week, Elmendorf said a default would be a very “dangerous gamble” as in this uncertain world everyone has been able to count on the US government paying its debts. While politicians continue arguing, the US runs out of time as the hard debt-ceiling deadline is this October 17th.