govt shutdown looms

[jms62]

Originally Posted by Danzig

have gotten caught up at work, and have started looking over what new news is out there regarding the gop in govt. playing with our economic present and future. obama has a meeting scheduled with some gop leaders at the white house; i wish him luck.

and this little tidbit, from a story about the meeting:

'The game of Washington chicken over increasing the debt limit — required so Treasury can borrow more money to pay the government's bills in full and on time — already has sent the stock market south, spiked the interest rate for one-month Treasury bills and prompted Fidelity Investments, the nation's largest manager of money market mutual funds, to sell federal debt that comes due around the time the nation could hit its borrowing limit.'

boehner is letting a small group of tea partiers simultaneously hamstring the gop, and the govt, and kick a growing economy in the teeth.



on a related note-why hasn't congress passed a budget in years? and did you guys know that there's no penalty for not having a budget? no one has standing to force the issue. this is why we keep having continuing resolutions-well, til now.

A temporary stay just means we have this overhanging for 6 more weeks.