Wednesday, October 16, 2013

Government Shutdown and Debt Ceiling

Who wins during the government shut down? No one really. Oh an end is in sight. Although I am not sure what the compromise is... but just why can't such deal be made earlier to prevent such shutdown... those who lost wages, what they going to do? claim unemployment! You don't save much $ that way during the shutdown.

When you think about it... it is like 2 parents fighting for what's-for-dinner. One want hamburger the other want fried chicken... and when an agreement cannot be made, there is no dinner for the kids who don't get to participate.

But I am glad this is just talks. In the 1860s it was war. But it seems to be even more stupid if a civil war breaks out about healthcare system.

Now for the debt ceiling. If we reach it we raise it. It is completely useless. Why have such (arbitrary) limit? Ok, translate that to real life, if you have $1000 credit line on your credit card and you have reached it. Do you ask the bank to raise your credit line? What would the bank say? Something must be done to pay off such debt right? And I am still not sure if someone is really doing something about this.

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