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    Our government is shut down. Colleen, are you around? Maybe you could explain to me. <us>

    Maybe I will need a picture book with primary colors.  Dam dum de dumb dumb tis me. (in that way)


    Stocks? Oooooh stocks .... 

    +3  Views: 946 Answers: 7 Posted: 10 years ago
    Colleen

    Moderator
    It's a partial shut down meaning all non essential federal employees will go on furlough. We have enough money to pay essential workers (the military, FBI, CIA, Homeland Security, will continue as usual. As for stocks, they are affected because of the fear that the USA will default on it's Oct debts which would drop our credit rating again. We actually have until next month to take care of Oct's debt. The government is still pulling in over 2 billion dollars per month. A good president would pay the debts and not use this partial shut down to allow the debts to go unpaid. Of course Congress has to approve the budget but the president has to stop making his own demands and threats to veto any budget that does not comply to what he wants. Instead of just talking about working with congress he needs to start doing it. So far all he's done is to remain inflexible and is resolute in his promise that he will not compromise with republicans concerning what he wants the budget to include. He is the biggest part of this stalemate because he will not even discuss alternatives to the budget with the republicans. The shut down is simply a money saving venture. All the money saved goes to the bills owed. The stock market will stabilize as long as our credit rating does not drop again. This is up to Obama and the democrats. They can not have it only their way. They must concede on at least one demand the republicans make. It can not be only the democrats way and no way for the republicans. I do not think this shut down will last long because neither party really wants to be responsible for driving this country into economic collapse. Right now it's just a game of chicken, each side waiting until the bitter end to see who will turn the steering wheel first. I have faith that one or the other will do this to stop the collapse of this nation.
    itsmee

    That helps. I have been going from radio to radio to TV, to computer with my eye balls spinning and my ears buzzing. Anxiety, you know. You seems to be up on these things. I read your concise post and now will go along my way free of radio and TV. Thanks.

    7 Answers

    Easy explanation itsmee, You're at a restaurant and you've eaten the meal. Now comes the bill, time to pay.

    itsmee

    concise ... on target ... It's about all the words on the subject that I can deal with at 2:30AM. I have stayed away from radio, TV, and the internet. I'll get my new right here.

    itsmee

    witchway ~~ Here comes Whovin. He's good too. You all are!

    That is all that CNN is covering right now, all day, everyday. Each politician is explaining it in great detail. Then each news anchor, explains it, analyzes it, and talks about it some more. The only problem is, each person has a different opinion and a different solution....like always! Every government operates the same way.

    Bob/PKB

    Aren't you ready to just scream and change the channel.
    Ducky

    Moderator
    Yes! I can only take it in short installments.
    mycatsmom

    It all boils down to money
    Bob/PKB

    5 HOURS, Ducky. Lucky I don't pack heat

    It needs a good Moderator to bang thier heads together,

    itsmee

    yet more lol
    lindilou

    yer hired!!! lol

    ""


    They are acting like A  and Mr Spock is saying it loud and clear""

    itsmee

    ROFL ... Where the hay did you get that? Neon, no less.

    Some news for you here itsmee...http://www.mail.com/int/video/topvideos/2369382-budget-deal-government-partially-shuts.html

    Found this in Yahoo’s news today:  http://news.yahoo.com/congress-plunges-nation-government-shutdown-071658215--finance.html

    It's a ploy to make the republican congress fall into line with what the democrats want.The gov. shut down several times before, and it never hurt anything. I think they're doing it to make money off of all the gov.employees that are laid off for a few days.

    Tommyh

    It's reportedly costing 321 Million dollars per day.That's gotta hurt something MCM.
    Colleen

    Moderator
    It's not "costing" Tommy, it's lost revenue from government run facilities that generate revenue from sales of items and entrance tickets.
    Tommyh

    Yes, I do realize that Colleen.But...They're calling it "COSTING" on the news.:)
    Tommyh

    AND it's still gotta hurt something.
    Colleen

    Moderator
    Maybe but I doubt it hurts as much as the over spending that goes on daily when the government is open. I believe no matter the revenue lost, we are still saving money right now.


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