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The prospect of a government shutdown appeared more possible Saturday after the House passed a budget measure in the pre-dawn hours that cuts $61 billion - and was immediately rejected by Senate Democrats and President Obama.
Jacob Lew, the White House budget director, said plans for a shutdown have not been put in place. But Obama warned last week about "destabilizing" consequences of a shutdown.
"This is not an abstraction," he said at his Tuesday news conference. "People don't get their Social Security checks. They don't get their veterans payments. Basic functions [are] shut down. And it would have an adverse effect on our economic recovery."
House Minority Leader Nancy Pelosi, a California Democrat, said a shutdown would halt military pay, veterans’ benefits, Social Security checks and government functions such as food- safety inspections. Last night she introduced a temporary spending measure to keep government agencies running through March 31 and buy time for talks
Originally posted by Regenmacher
reply to post by dnvrliz
Just start ramping up in the media last couple days and now the big news outlets are starting to run with it.
Hard to say how long or if they will at this point in the game, but will surely lead to a lot of financial chaos if they do.
Originally posted by Wildmanimal
I don't think it will happen. The natives would get restless. I think this just puts more pressure on someone
to fold and compromise.
Originally posted by Wildmanimal
reply to post by don rumsfeld
True that. A basic fail safe system has went into effect on those occasions.
Still it is a sign of mismanagement.
Originally posted by Wildmanimal
reply to post by dnvrliz
I don't think it will happen. The natives would get restless. I think this just puts more pressure on someone
to fold and compromise.
I bet they will find a way to give themselves a raise though. One way or another.
Nice Avatar by the way. I had about a half dozen of those guys howling the other night.
Nothing else sounds like that.edit on 19-2-2011 by Wildmanimal because: Add in/Typo