NEW YORK (CNNMoney) – With just five days left before a government shutdown, federal workers are pressing lawmakers to cut a deal that will keep the government open for business.
The stakes are high. If lawmakers fail to pass some kind of spending bill by the end of Friday, hundreds of thousands of government employees are likely to be furloughed, and their paychecks stopped.
If their salaries are among the things to be "shut down", you can bet Congress will come to an agreement!!
Doesn't this mean that essential services and agencies will keep functioning? Yes. The problem is defining "essential" and what is not. Believe it or not, this definition must be legislated and agreed upon, too.
We wouldn't be anywhere close to this mess if top tier tax cuts had not been extended. Contrary to political science fiction that you may read or hear, trickle-down economics does not create jobs as efficiently as some other means. How can it? How can a PERSONAL tax cut create a job? Should the tax cut go to the businesses, instead? Huh?
It depends upon how you define "small business" and how well you use a loop hole in tax laws. "Small" business does not mean small gross revenue. Small refers to the number of private owners, 1 or 2. There are many, many businesses that meet this definition, which are privately owned, that meet this definition. It is called an "S Corporation". Many of these business, which I will not name, are some very famous names. Just think of any large corporations that are privately owned. Multi-billion and multi-national corporations in many cases.
The loop hole allows these larger corporations to file differently, thereby dodging the bullet on many taxes that they would normally have to pay had they filed the corporate taxes as a separate stand alone. Like what most of us would think a large business should do. No, no, not at all. S Corporations are filed as part of someone's personal income.
Only those federal workers who worked during the shutdown should get paid. The democrats are the problem not wanting to cut the 1.65 trillion dollar deficit for this year alone. They have no desire to cut spending, they want to increase spending and get more taxes from us all who work hard in this country.
Bet its gonna be a productive week. Nothing like a few hundred thousand people wondering if theyre gonna get paid next week or not.
It is "Do or Die! for these lawmakers. Am pretty sure they know the repercussion of doing nothing.
The best way to climb out of a recession is for the consumer to spend, spend, spend. A whole lot of us cannot do that, or have severely curtailed our spending. Some measure this under the name "consumer confidence". I wonder how much spending by just federal workers alone has been cut back, curtailed, revised, or simply dropped because of this constant cloud of a shutdown.
I wonder how many will suffer health effects from the worrry and strain, which will lead to more doctor visits and higher costs incurred by the government insurance plans. I wonder how many on congressional staffers and support people who manage and run the Capitol will be part of the furlough. I wonder if CSPAN will go off the air, thereby denying me the right to watch the rings power being fought over.
I am not worried about who will be blamed for a shutdown. I am more concerned about the repurcussions.
Leave it up to the Teatard to extremist to push a government shutdown. Their leaders have come out openly and said they don't care if they shutdown the government. Federal employees have already taken a pay freeze. Congressional conservafascists are trying to follow the highly irreprehensible budget cuts that states are doing. It will be irresponsible & dangerous for the government to shutdown. When seniors don't get their SSI checks, they are going to be outraged!
You know folks, we have been here before and it didn’t have real great effects!
The Republicans are doing their best to let it happen again so they can blame Obama and continue their attempts to make this a failed Presidency. They already stated that their most important agenda item was Obama’s failure..
The Republicans are beneath dignity, reprehensible ,and amoral.
If our politicians can't reach a budget agreement, how about we lay them all off and put them in the unemployment line and discontinue their health insurance.