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AS MIDNIGHT on September 30th approached, everybody on Capitol Hill blamed everybody else for the imminent shutdown of America’s government. To a wondering world, the recriminations missed the point. When you are brawling on the edge of a cliff, the big question is not “Who is right?”, but “What the hell are you doing on the edge of a cliff?”
The shutdown itself is tiresome but bearable. The security services will remain on duty, pensioners will still receive their cheques and the astronauts on the International Space Station will still be able to breathe. Some 800,000 non-essential staff at federal agencies (out of 2.8m) are being sent home, while another 1.3m are being asked to toil on without pay (see article). Non-urgent tasks will be shelved until a deal is reached and the money starts to flow again. If that happens quickly, the economic damage will be modest: perhaps 0.1-0.2% off the fourth-quarter growth rate for every week the government is closed. The trouble is, the shutdown is a symptom of a deeper problem: the federal lawmaking process is so polarised that it has become paralysed. And if the two parties cannot bridge their differences by around October 17th, disaster looms.MOREHERE
One more date to chuck before the next one, and so it goes with these disaster pundits. I guess they live paycheck to paycheck.
To muckracker1 the poster of this article, YOU SORRY A$$ SOB, The Date on the Article is 2013